Dear Valued Partner,

In October 2017, GPI announced its intention to acquire Katun Corporation from Monomoy Capital Partners, pending regulatory approval. I am excited to announce that the agreement to acquire Katun has been approved by the Taiwanese government, effective on December 29, 2017. This acquisition will enable GPI to secure a leading position in the after-sale market service of the business machine consumable supplies. In particular, photocopier consumables are key products for both GPI and Katun, so GPI will obtain significant advance with respects to its strategic positioning in the global market for photocopier cartridges.

Katun, located in Minneapolis, Minnesota, USA, was established in 1979, and is one of the world's leading providers of OEM-compatible imaging supplies, offering a variety of products and related after-sale services, including cartridges and consumables for photocopiers, printers, fax machines and multifunction printers. Currently, Katun has over ten thousand customers in 123 countries around the world. Through providing high-quality products at reasonable prices and respecting patent development by OEMs, Katun has satisfied the needs of its customers from many channels, becoming a highly reliable and trusted partner.

GPI was established in 1978 with its core businesses encompassing development, patent acquisition, production, assembly and sales of cartridges and consumables for the branded business machines, with its main product lines of cartridges and consumables for photocopiers, printers and toner cartridge drums. Its main customers include European and U.S. toner manufacturers, regional agents and distributors.

In the next stage of group integration, in addition to maintaining its spirit of customer service, GPI will continue enhancing relationships with existing customers of the group by creating shared prosperity with such customers. The more important step is to integrate the internal resources of the group, such as efficient allocation of resources for research and development and procurement so as to effectively shorten the time for launching new products and lowering duplicative consumption of human and material resources, with expectation of achieving synergy.

With this acquisition of Katun Corporation, GPI leverages our already strong commitment to maintaining and expanding our patent development and technical progress, and integrate its advantages in production, brand and sales channels to provide high-quality products and high-valued after-sale services to an even broader range of customers throughout the world.

Sincerely yours,