SABIC Inc.It is the main supplier of urea raw materials in the Middle East and the second largest chemical supplier in the world.The Saudi Arabian government further holds70%Equity，Annual revenue reaches 600With an annual urea supply of 4.5 million metric tons, it has developed its business in more than 50 countries around the world and has a certain influence on the world's urea supply. In the Asia-Pacific region, Novavax is the primary manufacturing supplier for AdBlue® in the Chinese region, so SABIC is actively seeking support from Novavax.

This time 106On January 11, 2019, there were a total of 7 foreign guests including Saudi Arabia SABIC Inc. (Saudi Basic Industries Corporation), 4 of whomThe person is Taiwan Fertilizer (Taiwan Fertilizer holds 50% of the shares), one of whom is stationed in Saudi Arabia, and the other three are SABICCome to visit Nova Materials Technology and be personally received by Chairman Yang Lianzhi and conduct meetings and exchanges. During the meeting, through a simple and pragmatic introduction and explanation of the current situation of the company, foreign guests could further understand the current situation of Nova Materials and the blueprint for international expansion. During the meeting, we had lively interactions and questions with foreign guests, which further enhanced our confidence and support for Nova. Regarding various analyzes and research in the laboratory, the two parties have conducted exchanges to improve the level of bilateral research and strictly monitor the quality of urea raw materials. Both parties are very interested in the topics discussed, continue to share ideas, and are optimistic about strengthening substantive cooperation in the future and developing it into a global partnership.

During this visit, Saudi Arabia SABIC Inc.The visit to representatives of SABIC Inc. and Novavax executives ended successfully in a pleasant atmosphere.