2024 New Regulation: Beneficial Ownership Information Reporting

Effective January 1, 2024, the new regulation titled 'Beneficial Ownership Information Reporting' officially came into force. It requires individuals who own or control 25% or more of a company’s equity to file beneficial ownership information. Additionally, individuals who directly or indirectly exercise substantial control over the reporting company must also file. I. Who Must File? 1. Individuals who own or control 25% or more of a company’s equity; 2. Individuals who directly or indirectly exercise substantial control over the reporting company. Substantial control may be exercised in four distinct ways. An individual is deemed to exercise substantial control if they fall into any of the following categories: • The individual is a senior officer (e.g., president, chief financial officer, general counsel, chief executive officer, chief operating officer, or any other officer performing similar functions); • The individual has the authority to appoint or remove certain senior officers or a majority of the board of directors (or analogous governing body) of the reporting company; • The individual is a key decision-maker for the reporting company. Key decisions include those concerning the company’s business operations, finances, and corporate structure. Individuals who direct, determine, or exert significant influence over such key decisions are considered to exercise substantial control over the reporting company; • The individual exercises substantial control over the reporting company in any other manner. II. Which Entities Are Required to File? Reporting entities include: • Domestic companies: including LLCs, C corporations, S corporations, or any other entity required to file with a state secretary of state; • Foreign companies: entities formed outside the United States that have registered a branch or place of business with a U.S. state secretary of state. III. For Reporting Companies Formed or Registered on or After January 1, 2024, Who Is a ‘Company Applicant’? A ‘company applicant’ refers to: 1. The individual who directly files the formation or registration documents; and 2. If multiple individuals file the documents, the individual primarily responsible for directing or controlling the filing. A reporting company may designate no more than two individuals as company applicants. IV. How to File? Filing must be completed via the official website FinCEN.gov. V. What Company-Level Information Must Be Reported? The reporting company must provide: 1. Its legal name; 2. Any trade names or “doing business as” (DBA) names; 3. Its current street address of its principal place of business—if located in the United States (e.g., the U.S. headquarters of a domestic reporting company), or, for reporting companies whose principal place of business lies outside the United States, its current U.S. business address (e.g., the U.S. headquarters of a foreign reporting company); 4. The jurisdiction where it was formed or registered; and 5. Its taxpayer identification number (TIN). If a foreign reporting company does not possess a U.S. TIN, it must instead provide the foreign jurisdiction-issued tax identification number and the name of that jurisdiction. VI. What Information Must Be Provided by an Individual Beneficial Owner? Each beneficial owner must submit: 1. Full name; 2. Date of birth; 3. Residential address; and 4. A unique identifying number from an acceptable identity document (e.g., passport or U.S. driver’s license), along with the name of the issuing state or jurisdiction.

China Elastic Polymer Market Supply-Demand Research and Project Investment Feasibility Report (2026–2032)

3.2.3 Dynasol’s Sales Volume, Revenue, Pricing, and Gross Margin for Elastic Polymers in the Chinese Market (2021–2025) 3.2.4 Dynasol Company Profile and Core Business Activities 3.2.5 Latest Corporate Developments at Dynasol 3.3 LG Chem 3.3.1 LG Chem: Basic Information, Elastic Polymer Production Bases, Headquarters, Competitors, and Market Position 3.3.2 LG Chem Elastic Polymer Product Specifications, Technical Parameters, and Market Applications 3.3.3 LG Chem’s Sales Volume, Revenue, Pricing, and Gross Margin for Elastic Polymers in the Chinese Market (2021–2025) 3.3.4 LG Chem Company Profile and Core Business Activities 3.3.5 Latest Corporate Developments at LG Chem 3.4 INEOS Styrolution 3.4.1 INEOS Styrolution: Basic Information, Elastic Polymer Production Bases, Headquarters, Competitors, and Market Position 3.4.2 INEOS Styrolution Elastic Polymer Product Specifications, Technical Parameters, and Market Applications 3.4.3 INEOS Styrolution’s Sales Volume, Revenue, Pricing, and Gross Margin for Elastic Polymers in the Chinese Market (2021–2025) 3.4.4 INEOS Styrolution Company Profile and Core Business Activities 3.4.5 Latest Corporate Developments at INEOS Styrolution 3.5 Avient Corporation 3.5.1 Avient Corporation: Basic Information, Elastic Polymer Production Bases, Headquarters, Competitors, and Market Position 3.5.2 Avient Corporation Elastic Polymer Product Specifications, Technical Parameters, and Market Applications 3.5.3 Avient Corporation’s Sales Volume, Revenue, Pricing, and Gross Margin for Elastic Polymers in the Chinese Market (2021–2025) 3.5.4 Avient Corporation Company Profile and Core Business Activities 3.5.5 Latest Corporate Developments at Avient Corporation 3.6 Asahi Kasei 3.6.1 Asahi Kasei: Basic Information, Elastic Polymer Production Bases, Headquarters, Competitors, and Market Position 3.6.2 Asahi Kasei Elastic Polymer Product Specifications, Technical Parameters, and Market Applications 3.6.3 Asahi Kasei’s Sales Volume, Revenue, Pricing, and Gross Margin for Elastic Polymers in the Chinese Market (2021–2025) 3.6.4 Asahi Kasei Company Profile and Core Business Activities 3.6.5 Latest Corporate Developments at Asahi Kasei 3.7 Versalis 3.7.1 Versalis: Basic Information, Elastic Polymer Production Bases, Headquarters, Competitors, and Market Position 3.7.2 Versalis Elastic Polymer Product Specifications, Technical Parameters, and Market Applications