HANGZHOU, April 20, 2026 - Zhejiang Huaju Composite Materials Co., Ltd., a wholly-owned subsidiary of Huajing New Materials Co., Ltd. (stock code: 603186), officially commenced the operation of its Qingshanhu base. The launch represents not only a major milestone for Huaju but also a powerful engine driving Huajing New Materials' deeper industrial chain integration and high-quality development.
 

In his opening address, Liu Tao, Chairman of Huajing New Materials, emphasized that the new base signifies more than capacity expansion. "It carries the mission of technological upgrading and industrial application," he stated. Looking ahead, Huaju will continue to deepen its expertise in key technologies including PET foam, carbon fiber, plant fiber, and resin modification. While consolidating its advantages in traditional markets, the company aims to actively expand into new sectors and strive to become an industry benchmark in the composite materials field both domestically and internationally.The launch of the Qingshanhu base marks a deeper synergy under Huajing New Materials' dual-drive strategy of "Electronic Materials + Composites." Leveraging an annual production capacity of six million square meters of lightweight, high-strength, environmentally friendly composite materials, Huaju is accelerating its expansion into high-value-added market segments, including new energy vehicle battery protection systems, refrigerated truck bodies, recreational vehicle (RV) shells, and mobile structures. The company is transitioning from a pure material supplier to an integrated service provider offering "materials + components + total solutions."

Looking forward, Huajing New Materials will continue to implement a cross-regional, linked-operations strategy centered on Hangzhou and extending across the Yangtze River Delta. The company will sustain its focus on communications connectivity, high-end electronic materials, and specialty composite materials while expanding its global industry presence.

About Zhejiang Huaju Composite Materials Co., Ltd.

Established in 2012, Zhejiang Huaju Composite Materials Co., Ltd. is a wholly-owned subsidiary of Huajing New Materials Co., Ltd. (stock code: 603186). The company specializes in the R&D, production, and sales of thermoplastic sandwich-structured panels, thermoset fiberglass-reinforced plastic (FRP) composite panels, and custom enclosures.

The new Qingshanhu base covers an area of 73 mu (approximately 4.9 hectares) and features over 98,000 square meters of factory floor space. The facility houses China's widest continuous FRP sheet production line (3.0 meters) and boasts an annual production capacity of over five million square meters of thermoplastic panels and one million square meters of thermoset composite panels. The company can also produce 6,000 units annually of various enclosures and specialty vehicle components. Its products are widely used in logistics transportation, RVs, building and construction, and marine applications, and have obtained authoritative certifications including ISO 9001 and IATF 16949.

About Zhejiang Huazheng New Materials Co., LTD. (603186)

Listed on the Shanghai Stock Exchange, Huajing New Materials is a technology-driven enterprise focused on high-end electronic materials and specialty composite materials, serving the communications, transportation, and new energy sectors.