Notification of Pricing Adjustment

First of all, thank you very much for your long-term trust and support.

Secondly,as we all know,various of raw materials for acetate tow including the wood pulp and cotton pulp,the Acetic anhydride and acetic acid are all rising continuously. Additionally,the ocean freight has a tremendous increase since the beginning of this year. Moreover,the recent implementation of power rationing policy influence the normal production cost.

We cherish each customer,so endeavour to provide you with the best products by the most competitive offer over the past years. Nevertheless,our continual efforts to optimize operational costs are being outpaced by above cost increases.

For most,in order to maintain a sustainable business model that delivers the quality you have come to expect and demand,after a deep consideration,today we formally announce that our prices of all specs of acetate tow will be added 10% based on current prices from Sep 23.2021.

As always,appreciate your understanding regarding this necessary course of action.

very truly yours

                                                                                                                                                                       Jinan Acetate Chemical Co.,Ltd

                                                                                                             2021.9.23