Founded in 1996, formerly known as Huabao Food Flavours & Fragrances (Shanghai) Co., Ltd., Huabao Flavours & Fragrances Co., Ltd. (hereinafter referred to as “the Company”) is mainly engaged in the R&D, production and sales of tobacco flavors, food flavors, daily chemical flavors and food ingredients, and supply of relevant services. Currently, the Company owns more than 40 subsidiaries worldwide, and has become an international and modernized large-scale industrial group corporation. From 2014 to 2022, the Company’s annual sales volume ranked first in the F&F industry.