Angel Enzyme Preparation (Yichang) Co. Ltd., ("Angel Enzyme Preparation"), a wholly-owned subsidiary of Angel Yeast Co. Ltd., is well underway with construction on its new green manufacturing project in Angel Biotechnology Industrial Park, Xiaoting District, Yichang City, which commenced in September 2021. Once complete, the project will have an annual enzyme production output of 5,000 tons and will significantly enhance the company's competitive advantage in the enzyme preparations and biotechnology industry. Angel Enzyme Preparation's new green manufacturing project will cover 80 hectares and has a planned total investment of RMB 340 million. The project will use advanced global manufacturing technology to establish a sustainable and intelligent manufacturing base for new enzyme preparations, and is estimated to be completed by Fourth Quarter 2022. After being put into production, it is expected the project will generate RMB 350 million in annual revenue — including RMB 130 million in profits — and create 200 jobs. Angel Enzyme Preparation was established in 2021 as a wholly-owned subsidiary of Angel Yeast and is registered in Yichang, Hubei Province. The company was originally founded in 2011 and served as a Special Enzyme Preparation Business Department within Angel Yeast before becoming a subsidiary. And in 2012, Angel Yeast established its Special Enzyme Preparation Base. Angel Enzyme Preparation is committed to becoming a strategic sustainable development partner that offers solutions and comprehensive biotechnology applications. By harnessing Angel Yeast's cutting-edge facilities and the flexibility of biological manufacturing, Angel Enzyme Preparation will engage in the R&D, production, and application of enzyme preparations and various biological products. In addition, the company will be a one-stop service for CDMOs seeking technology development, processing and production services; as well as customers wanting project incubation for custom products. As a professional production team, Angel Enzyme Preparation guarantees high-quality and stable enzyme preparations such as nuclease, deaminase, glutaminase, lactase, and protease, which are widely used in baking, alcohol, proteolysis, nucleic acid hydrolysis, dairy product processing, and feed industries. All Angel Enzyme Preparation products share five key characteristics: high conversion efficiency, strong specificity, reliable quality, strong tolerance, and eco-friendly production. Angel Enzyme Preparation also owns ANNZYMES, an independent brand of special enzyme preparations.