Civil Explosive Production, Sales and Services

Poly Union Group Corporation ("Poly Union Group") is a first-level subsidiary of Poly Group. It is currently the largest integrated service company for civil explosives in China and its industrial explosives licensing capacity ranks first in the industry. The company owns a total of seven subsidiaries, i.e. Poly United Chemical Holdings Group Co., Ltd. (listed company, stock code: 002037), Poly Chemical Holdings Co., Ltd., Guizhou Panjiang Chemical (Group) Co., Ltd., and Poly (Zhuhai Hengqin) Civil Explosive Industry Fund Management Co., Ltd., Poly Civil Explosive Technology Group Co., Ltd., Guizhou Jiulian Group Real Estate Development Co., Ltd., Guizhou Jiulian Enterprise Group Xinlian Light Chemical Co., Ltd. The business of Poly Union Group covers 9 provinces (cities and autonomous regions) in Guizhou, Shandong, Liaoning, Gansu, Xinjiang, Henan, Hebei, Jiangxi and Tibet, and its marketing network cover all parts of the country. Overseas business has expanded to more than 30 countries and regions including Ethiopia, Vietnam, Myanmar, Sri Lanka, Turkey, Sudan, South Africa, Australia, and Chile. In recent years, it has successively undertaken more than 300 major engineering projects such as municipal administration, roads, mine tunnels, nuclear power, and urban demolition, with a contract value of more than RMB 50 billion. By the end of December 2019, the total asset, net asset, operating income and total profit of the group was RMB 16 billion, 5.3 billion, 5.6 billion, and 202 million respectively. It has a total of 12,328 employees.