The Yum China Nanning Smart Supply Chain Operation Center is located in Nanning Area of China (Guangxi) Pilot Free Trade Zone, covering an area of 50 acres with a project investment of 150 million yuan. It is planned to build about 22,000 square meters of high-standard warehousing and modern logistics facilities, including about 8,000 square meters of low-temperature cold chain area, which is expected to be completed and put into use in the middle of 2023. The project is mainly used for the supply chain operation support of KFC, Pizza Hut and other stores under Yum China's brands, and at the same time, supply chain management services are exported to the third party through the Chuansheng supply chain platform. Our company mainly participates in the supply of vapor barrier and permeable membrane materials for this project.