Nan Ya Plastics Corporation Announces Merger of Subsidiaries

Nan Ya Plastics Corporation announced that its three indirect wholly owned subsidiaries a Nantong-based plastic industry company (Subsidiary A), a Nantong-based synthetic leather company and a Nantong-based thermoelectricity company, will merge with each other, with Subsidiary A to survive and the other two to be dissolved. The Company's five other indirect wholly owned subsidiaries based in Kunshan, Mainland China, an electronic material company (Subsidiary B), a copper foil company, a fiberglass cloth company, an epoxy resin company and a thermoelectricity company, will also merge with each other, with Subsidiary B to survive and the other ones to be dissolved.