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The Chemours Chenguang Fluoromaterials (Shanghai) Co., Ltd.

The Chemours Chenguang Fluoromaterials (Shanghai) Co., Ltd. is a joint venture, sell fluoroelastomers products under Chenguang® and Viton™ brands. The company will leverage the Chemours technology, application and product development leadership and the Chenguang integrated manufacturing footprint to provide customers with high quality products.

Zhonghao Chenguang Research Institute of Chemical Industry Co., LTD.

was founded in 1965. The company is a leading enterprise in China that specializes in researching, developing and manufacturing organic fluorine materials. The products of the company cover more than 20 categories with over 200 varieties and almost 1,000 specifications, which can be widely applied to the fields of space, aviation, automobile, electronics, petroleum, chemical industry and textile etc. Chenguang is striving to create an internationally-known chemical enterprise featuring persistent creation of economic and social values, resource conservation, environmental sustainability and inherent safety.

The Chemours Company (NYSE:CC)

created from DuPont's Performance Chemicals business, more than 200 years of experience in the chemical industry, we believe in safe and responsible chemistry. Our purpose is to help create a colorful, capable and cleaner would through the power of chemistry. Our focus is to deliver improved products, more efficient process, and customized applications for customers.

This strategic alliance will serve fast-growing markets by bringing together the complementary expertise of both companies. The alliance will make investments in new products, technology and capacity, to enhance the reliable supply of high quality fluoroelastomers for markets and customers in China. The Chemours-Chenguang alliance will create a new entity that can more effectively serve customers in China, particularly for high performance applications in China's expanding automotive, aerospace, energy, electronics and telecommunications markets.