CONGRATULATIONS TO IPO OF HUABAO FLAVOURS & FRAGRANCES CO., LTD.

At 9:18 AM, March 1, Huabao Flavours & Fragrances Co., Ltd. (hereinafter referred to as “Huabao”) was officially listed on the Shenzhen Stock Exchange, marking the most significant milestone in its development history.

The stock of Huabao is listed as “Huabao Flavor” under stock code HZ300741.

With more than 20 years' efforts, Huabao has developed itself into an industry leader. Committed to our initial missions and making innovations sedulously, we have createdmandy brilliant achievements. By entering the stockA market, Huabao will take advantage of this great opportunity, brought by the consumption upgrade tide in China, and benefit from the favorable government policies, so as to build Huabao into a century-old brand with solid foundations and become a global leading flavors and fragrances manufacturer in some day.

It is the dream of all Huabao people to create unprecedented delicacy experience for human and become a leader in the delicacy industry. People’s continuous pursuit for better life provides motivation for Huabao to do better and make this dream come true.

In the future, Huabao will continue to stick to its initial mission and make continuous efforts to create more value for its employees, shareholders and the society.

Mr. LI Yufu (Vice President of PBoC Lhasa Branch) Delivering a Speech

Mr. XIA Liqun (President of Huabao) Delivering a Speech

Mr. WANG Qingshan (President of Zheshang Securities Co., Ltd.) Delivering a Speech

Exchanging presents with Shenzhen Stock Exchange

Ringing the bell for listing

Group photo of VIP guests