2010-12-15

COSTIN New Materials Group Limited, a company principally engaged in the research and development, production and sales of non-woven materials, announced that the Group has successfully passed the onsite reevaluation of the China Textiles Development Center (CTDC) and retained its qualification of “Fabrics China Pioneer Plant - Environmentally-friendly Filtering Materials”.

Considering the Group’s devotion to circular economy, clear product positioning, advanced technology know-how, as well as dedication to technology innovation and product development, the evaluation committee proposed to retain the Group’s qualification of “Fabrics China Pioneer Plant - Environmentally-friendly Filtering Materials”.

Regarding the Group’s future development, the experts in the evaluation committee have proposed the following four points of suggestions: 1. In line with the Twelfth Five Year Plan and determine future development strategies; 2. Enhance its product know how and added-value of the products; 3. Collaborate with higher education institutions for professional training; 4. Expand the scope of product applications and build close relationship with downstream enterprises.

Mr. Chim Wai Shing Jackson, the Chief Executive Officer of COSTIN said, “Since our establishment, we have been emphasizing on the Group’s mission of “New developments through environmental approaches; better life with technology”, and strived to develop a circular economy. Upon obtaining the qualification of “Fabrics China Pioneer Plant - Environmentally-friendly Filtering Materials” in 2008, we are delighted that the Group has passed the onsite reevaluation this year and retained the qualification.

“The qualification not only serves as an affirmation towards our product quality, production knowhow and R & D capabilities, but also a consolidation of our leading position in the industry. Leveraging on our leading advantages, we will seize the business opportunities brought by the “Twelfth Five Year Plan” and implement the future development plans proposed by the experts in the evaluation committee. We will also further enhance our production efficiency as well as R & D capabilities, striving to expand our business development.”