JUAL FOUNDS NEW COMPANY IN GERMANY

For this purpose, we founded JUAL GmbH, which took over the activities of the German manufacturing company Bayer Vitrotec GmbH on March 1. Bayer Vitrotec produced butyl and flashing products for the
the construction industry. The products are used, among other things, for roofs and facades and therefore the acquisition naturally supports JUAL's activities in the European market.

The company is located in Hanstedt just south of Hamburg and has 15 employees, all of whom will join our newly founded JUAL GmbH. The seller of Bayer Vitrotec, Frank Bayer, will continue as Production Director
in JUAL GmbH.

We look forward to telling you more about products and opportunities in the
coming time.