Dawn Stock issued an announcement titled "About Outbound Investment and Cooperation", stating that the company plans to cooperate with Haier

On October 11th, Dawn Stock issued an announcement titled "About Outbound Investment and Cooperation", stating that the company plans to jointly invest with Haier Smart Home's wholly-owned subsidiary, Qingdao Ruibo Ecological Environmental Protection Technology Co., Ltd. (called "Qingdao Ruibo")， to establish Qingdao Haier Environmental Materials Technology Co.,Ltd. (provisional name)， engaging in the research, production, and sales of PCR plastic recycled materials, with the aim of promoting the rapid development of recycling business and building a domestic industry leader in the field of circular new materials with competitive advantages.

At present, the scale of the global recycling new materials industry is in a stage of rapid growth, of which recycled plastics is one of the key development industries. According to reports, the global post-consumer recycled plastics market is worthy about 11.09 billion US dollars in 2023, and is expected to grow at a compound annual growth rate of 10.60% in 2024-2032, and the market size is expected to reach 27.34 billion US dollars by 2032. China has introduced a number of policies to encourage and support household appliances, automobiles, packaging and other fields to increase the application ratio of recycled plastics, and promote the mandatory addition of recycled plastics has become a global trend.

Over the years, Dawn Shares has continued to practice the concept of "making recyclable plastic products easier to recycle, making non-recyclable plastic products easier to degrade, and making non-degradable materials green and low-carbon." The investment and establishment of the joint-stock company is based on the friendly cooperation between the company and Haier for many years. The two parties will complement each other's advantages, empower each other, jointly develop high-quality customer resources, and actively cooperate to expand business, which is in line with the national industrial policy, the industry development direction and the company's future development plan, and is conducive to the company's strategic layout and development.

Yantai CMC plastic packages co.,ltd. was founded in 1992, who is one of subsidiary of Dawn Group, major manufacture plastic products such as plastic bottles, plastic soft tubes , plastic caps,PET bottles and other plastic products and so on.