SINCE 1999

Huafon Chemical Co., Ltd.

Established in December 1999, Huafon Chemical Co., Ltd. has been the first listed company of China in the field of spandex (stock code: 002064). Its spandex production scale occupies No. 1 in China and comes to the fore among the spandex enterprises in the world. It is a High and New Technological Enterprise at national level and also an ¡°Energy-Economical & Environment-Friendly¡± pilot enterprise of the first batch in China. "Qianxi" brand was identified as "China Top Brand" by State Administration for Industry and Commerce.

The company has four wholly-owned subsidiaries: Huafon Chongqing Spandex Co., Ltd. focusing upon differentiated spandex production; Liaoning Huafon Chemical Co., Ltd. specialized in producing cyclohexanone as well as other relative products of benzene further procession; Huafon Foreign Trade Co., Ltd. (Turkey) specialized in imports and exports of textile products, especially the sales of spandex fiber; Ruian Huafon Thermal Co., Ltd. mainly dealing with power and heat cogeneration business. Playing an active role in Chinese private bank reform pilot project, the company is one of the main sponsors of Wenzhou Private Commercial Bank. Meanwhile , opening up an appropriate multivariate development space.