Investment Business and others

REAL ESTATE BUSINESS

Saha-Union has invested in 2 real estate projects in the People’s Republic of China.

Riverview Garden Project in Jiashan, Zhejiang Province, operated by Jiashan-Union Development Co., Ltd. It is a construction project of 4-story buildings and residential condominiums situated on a property of 139 MU in total or approximately 58 rai. The total construction area is approximately 250,000 square meters.

Project at Shaoxing, Zhejiang Province, operated by Zhejiang-Union Property Co., Ltd. This is a residential and commercial construction project, situated on the total property of 11.5 MU or 7,669 square meters. The total constuction area is approximately 70,000 square meters.

 

CHEMICAL INDUSTRY BUSINESS

Saha-Union has invested in chemical industry business in the People’s Republic of China, operated by the Taixing-Union Zond Chemical Co., Ltd. (Taixing-Union), located in Taixing, Jiangsu Province. The plant mainly manufactures Phthalic Anhydride (PA) which is a chemical for the production of Phthalate Plasticizers, Thermoplastic Resins – Polyvinyl Chloride (PVC), etc. Minor product is Fumaric Acid, which is used as food additives and also as a precursor for Polyester Resin production.