Zhuhai Zhanchen New Materials Co., Ltd. (referred to as “Zhanchen New Materials”) is the main entity handling the coatings and adhesives business, focusing on wood coatings as its core. It also features three major divisions: industrial coatings, architectural coatings (Jady), and adhesives. Zhanchen New Materials is a national high-tech enterprise integrating R&D, production, sales, and services.