Hubei Xiangyuan New Material Technology Inc. Approves Interim Cash Dividend for the Year 2023, Payable on 27 September 2023

Hubei Xiangyuan New Material Technology Inc is a China-based company mainly engaged in the research, development, production and sales of polyolefin foam materials. The Company's main products can be divided into electronically irradiation crosslinked polyethylene foam (IXPE) and electronically irradiated crosslinked polypropylene foam (IXPP) according to the type of substrate and process. The Company also produces products that include chemical crosslinked polyethylene foam (XPE), polyolefin foams (PO foam), polyurethane foams (PU Foam), and silicone foam materials with enhanced performance and functions. The Company's products are mainly used in five fields: building decoration materials, consumer electronics, automotive interior materials, household appliances and medical equipment products.