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Competition / Competitors The markets for our products have been experiencing increased levels of demand as China continues its accelerated growth. Nevertheless, the markets for our products are highly competitive. To date, our sales have been mainly limited to customers within China (less than 1% of our sales are to overseas customers) and we expect that our sales will remain primarily domestic for the immediate future. Our marketing strategy involves developing long-term ongoing working relationships with customers based on large multi-year agreements which foster mutually advantageous relationships. We believe we have a leading position in the industry with greater resources, sales channels and market penetration than our competitors. We compete by providing the highest quality bromine at the best price. Our reservoir is a significant advantage over our competitors in that it allows us to purchase bromine from smaller bromine producers when market prices are low and then resell that bromine when market prices are high. While the bromine we purchase from other producers is not as high quality as ours, we purify such bromine to meet our standards before reselling it. Our principal competitors in the bromine and crude salt business are Shandong Haihua Group, Shouguang City Haoyuan Chemical Co., Ltd, Shandong Dadi Salt Chemical Co., Ltd, Changyi Mingkang Bromine Co., Ltd, and Weifang Longwei Industrial Co., Ltd. Our principal competitors in the brominated specialty chemicals business are Shandong Shouguang Weidong Chemical Company Ltd., Shandong Tianyi Chemical Company Limited., Shandong Sino-Israel Bromine Compounds Company Limited and Shandong Yucheng Chemical Company Ltd.