On June 12, 2024, after preliminary sample testing and sufficient technical exchanges, Hankook Tire, the largest tire manufacturer in South Korea, came to our company for factory inspection. Our company manager Wang Benmao accompanied the customer to conduct on-site inspections of the factory's raw material inspections, production process control, and quality inspection systems for precipitated silica production.

According to export data released by China Customs, from January to November 2023, China exported a total of 6,948,266 tons of automobile tires, with a cumulative amount of 117.2 billion yuan, a significant increase in quantity and amount compared with the same period last year. As of November 2023, the total number of tires exported by Chinese tire factories was 564.49 million tires, while the total number of tire exports in the first 11 months of the same period last year was 507.23 million, with a year-on-year growth rate of 11.29%.

Our manager, Mr. Wang discussed import and export business about mine import, sample testing and other business issues, which lay a solid foundation for future cooperation.

Recently, "Earth Justice" from the government environmental litigation organization requires tire manufacturers to stop using 6PPD, otherwise it will be sued because tire manufacturers violate the Endangered Species Law. The tires contains chemicals called 6ppd and 6ppd-Q. This substance entered the river and caused fish to die. And tire wear particles and 6PPD-Q are toxic, there are potential risks for human health.