The board of directors of China Singyes New Materials Holdings Limited announced that the Group has got approval of government grants for the research and development project. The research and development project of the Smart Color-switching Glass (the "Project") of Zhuhai Singyes New Materials Co. Ltd. ("Zhuhai New Materials"), a wholly-owned subsidiary of the Company, was selected into the 2018 Zhuhai Innovation and Entrepreneurship Team and High-level Talent Entrepreneurship Project, and granted the government grants of RMB12 million (the "Government Grants"). Zhuhai New Materials has received the government grants of RMB 7.2 million. The Project can equip glasses with thermochromic and electrochromic functions, and effectively solve the contradiction between indoor light environment and building energy saving. The Group believes that the research and development of the Smart Color-switching Glass will help the Group to expand the application forms of glasses such as outdoor construction glass, automotive glass and aviation glass, and bring new market opportunities for the development of the Group.