Hangzhou Changlong Chemical Co. Ltd.

Hangzhou Changlong Chemical Co. Ltd. ("Changlong") is a developer, manufacturer and supplier of specialized fine chemical products used in the pharmaceutical industry. The company's strength lies in its unique technologies for chemical synthesis under high pressure. Its customers are mainly Chinese pharmaceutical companies.

As at May 28, 2010, Changlong has stopped production from its current operating site in the city area due to the relocation order from the City government of Hangzhou. Changlong, as well as its current host, Longshan Chemical Group (“Longshan”), is to move into a chemical industrial park outside of Hangzhou city that was allocated by the city government. Longshan was to build the necessary manufacturing facility and rent it to Changlong, based on a leasing agreement reached in September, 2009. Changlong is currently waiting and pressing for the completion of the facility before it can move in and resume production. Changlong is pursuing transitional production options in other areas.

McVicar has a 90.5% interest in Hong Kong based McVicar (Hong Kong) Advanced Materials Co. Ltd., which has a 68% interest in Hangzhou Changlong Chemical Co. Ltd.