Dymatic to Purchase 30% Equity in Hunan New Century    

Guangdong Dymatic Chemicals, Inc. (Dymatic, SZ: 002054) announced on January 3rd, 2008 that it plans to purchase 6 million shares or 30% equity in Hunan New Century Biochemical Co., Ltd. at a price of RMB6.55 per share from Guangdong Huitong Co., Ltd. The deal is valued at RMB39.3 million.
   Hunan New Century is a joint venture with a registered capital of RMB20 million. It produces cellulose enzymes applied in the textile sector and enzymes for feed.
   Dymatic says the acquisition of Hunan New Century will upgrade the market synergistic effect and facilitate the business development in both companies.
   As of November 30th 2007, the net asset value of Hunan New Century was RMB49.2576 million (without auditing), an increase of 40.81% over early 2007. The sales revenue was RMB49.1645 million and the profit was RMB14.1642 million.
   Dymatic, located in Foshan, Guangdong province, is a leading producer of textile dyeing/printing auxiliaries in China.