President's point of view: Lei Huanli: keschuang is full of confidence in the Chinese market

Governments of different levels have been providing prompt support to national companies such as covestro allowing us to continue production as normal single our operations requires continuous production For example the 28 measures introduced by the Shanghai government to aid the battle against COVID-19 have helped to ease the pressure of packaging materials and logistics both of which are essential to us in order to fulfill our customers' needs.
In the face of an outbreak, Chinese governments at all levels have taken multiple measures to give timely support to multinational enterprises such as keschuang and help us maintain continuous production and operation - industry characteristics require us to carry out continuous production For example, the "Shanghai 28 articles" issued by Shanghai municipal government in response to the covid-19 epidemic fully supports the stable and healthy development of enterprises from multiple perspectives, alleviates our pressure on packaging materials and logistics, which are very critical, so we can continue to meet customer needs Covestro has also been designated by Shanghai authorities as a producer of epidemic prevention materials and this has allowed us to continue producing key materials such as polycarbonate which can be used to make protective goggles In addition, kostron is listed in the list of "key enterprises of epidemic prevention materials in Shanghai" by Shanghai municipal government, which enables us to continuously produce polycarbonate and other key materials, and ensure the production and supply of relevant protective materials (such as goggles) The epidemic is an added challenge to an already difficult market marked by geopolitical and macroeconomic uncertainties However we still foresee long-term demand for high-tech plastics which are critical to sustainable development for China and the world For example the current trend in China of upgrading industries and consumption and the Shift to a circular economy will require more sustainable and innovative materials and solutions However, we still firmly believe in the long-term market demand for high-tech plastics, which are essential for the sustainable development of China and the world For example, the current trend of China's industrial and consumer upgrading and the transformation to a circular economy will require more sustainable innovative materials and solutions Continued urbanization and the aging population in China promise substantial business opportunities especially those related to domestic consumption The country's pursuit of green development innovation and further opening-up are also aligned with our business strategy This pursuit also underscores its economic resilience and ensures its At the same time, China's urbanization process and population aging, especially those related to domestic demand, will bring opportunities China's adherence to the direction of green development, innovation driven and opening to the outside world is also in line with the strategy of covestro These directions also highlight the resilience of China's economy and will ensure its continued contribution to global economic growth China is our home market We continue to demonstrate our commitment to China by investing in areas that can contribute to sustainability and innovation Our confidence and commitment to the China market which accounts for a fifth of covestro's sales remains unchanged We will continue to invest in sustainable development and innovation and fulfill our commitment to the Chinese market China accounts for one fifth of the sales of covestro, and our confidence and commitment to the Chinese market will not change The impact of the viral outbreak will hopefully only be short-term given the strong measures the Chinese government has taken to combat the virus We would expect the economy to bounce back quickly seeing how the government has unveiled a suite of policies to bolster business vitality Since the Chinese government has taken various strong measures to control the epidemic, we have reason to believe that the difficulties brought by the epidemic are only temporary We also see a series of policies announced by the government to enhance the vitality of enterprises, and we expect China's economy to rebound rapidly.