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November 16, 2010

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China XD Plastics Announces Official Certification as an Academy Member Workstation of the Chinese Academy of Engineering and the Chinese Academy of Science

HARBIN, China - China XD Plastics Company Limited ("China XD Plastics" or the "Company"), a leading Chinese developer, manufacturer, and distributor of modified plastics primarily for use in automotive applications in China, today announced that its Macromolecule Research Institute, a national leader in the macromolecule research and development field, has been officially designated an Academy Member Workstation by the PRC Department of Science and Technology of Heilongjiang province, becoming one of only five Academy Member Workstations in Heilongjiang province.

The Academy Member Workstation is an innovation-driven platform, teaming members of the Chinese Academy of Science (CAS) and the Chinese Academy of Engineering (CAE) with local provincial research institutes and enterprises. In addition to fostering high-level cooperation for research and development purposes, this platform enables enterprises to apply for government research grants available only to companies with this certification. With this designation, the Company will begin to seek areas of cooperation with the CAS and CAE members to further its research and development initiatives.

The Chinese Academy of Sciences is a leading academic institution and comprehensive research and development center, covering natural science, technological science and high-tech innovation in China at the highest level.

The Chinese Academy of Engineering is a national and independent organization composed of elected members who have received the nation's highest honor in the community of engineering and technological sciences. Its missions are to initiate and conduct strategic studies and to provide consultancy services in relation to the nation's key engineering and technological sciences issues.

(Nov. 15, 2010)





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