About GF HYDROCOLLOID Company

Luxin Hydrophilic Colloidal Marine Technology Co., Ltd. (the “Stock Exchange”) (“Stock Exchange”) stock code 1084.HK) (the “Company”) is a world-leading R&D manufacturer of all-natural functional materials. The current main products of the Company and its subsidiaries (the “Group”) include agar and carrageenan products made from naturally farmed seaweed; konjac gum products made from naturally cultivated konjac; and composite products that combine different colloids to provide extended functions and related professional solutions. Hydrophilic colloidal products developed and manufactured by the Group are currently mainly used in processed food, such as processed meat, candy, dairy products, sauces, bakery products, and pet food. In addition, with the development of functional applications, our products have also begun to be widely used in beauty and household products such as masks and air fresheners. However, agarose and biochemical agar products produced through more complex processes are also the main materials for laboratory media and gene sequencing electrophoresis media. In 2020 and 2021, the Group ranked first among manufacturers of agar products and refined and semi-refined carrageenan products in the People's Republic of China (“China”) market in terms of sales value, sales volume and related market share. Meanwhile, according to a report prepared by Frost & Sullivan in June 2022, we were the world's largest producer of agar products and refined and semi-refined carrageenan products in 2020 and 2021. As an enterprise engaged in the basic supply chain of large manufacturers, the stable supply capacity guaranteed by top production scales is one of the Group's core competencies. As of December 31, 2022, the Luxin (Fujian) production base phase I to phase III, the Luqi (Fujian) production base phase I and phase II in Zhangzhou, Fujian, and the Lubao (Quanzhou) production site in Quanzhou, Fujian Province, total design capacity: 7,265 tons of agar products per year (2021:7,065 tons), annual production of carrageenan products of 1,500 tons (2021:10,355 tons), annual production of 1,500 tons of konjac compound products (2021:1,500 tons), annual remixing of konjac compound products (2021:1,500 tons) 3,300 tons of product (2021: 3,300 tons); The design capacity of the Shiyan Haiyi production base: 660 tons of konjac gum products per year (2021:660 tons); the PT Hongxin production site in Indonesia has a design capacity of 4,300 tons of carrageenan products per year (2021:4,300 tons); while the design capacity of the Xiamen Sanji (Xiamen Sanji) production site is 10 tons of agarose microsphere products per year (2021: zero tons). Total design capacity is 27,390 tons (2021:27,180 tons). As of December 31, 2022: Number of product development personnel: 63 (2021:65).