Dongguan Grand Resource Science & Technology Co., ltd. is a wholly-owned subsidiary of Grand Resource Co., Ltd., a public company under GW HoldingsGroup Co., Ltd, supervised by Guangdong Stateowned Assets Supervision and Administration Commission(SASAC). Grand Resource Sci & Tech has invested in and constructed a 1.2 million tons/year propane dehydrogenation high-performance polypropylene project (hereinafter referred to as the 'pDH project) in theLisha Island Petrochemical Zone of Shatian Port Area, Shatian Town, Dongguan City. The project is a keyproject in Guangdong Province and a major project in Dongguan City, as well as a demonstration project forthe mixed-ownership reform of stateowned enterprises by Guangdong SASAC.