Yunhong CTI Ltd. Announces Corporate Name, Nasdaq Ticker Symbol Change - Seite 2

The Company's products include 100% biodegradable and compostable resins, and include the following finished products: shopping bags, grocery bags, rolled clear bags for food, trash bags, large bin liners, garment bags, takeaway bags, mailing and shipping bags, and many other consumer and commercial products and applications.

For more information about the rebrand and Yunhong Green CTI's portfolio of products, visit: https://ctiindustries.com/pages/yunhong-green

Compostable products are those products which can biodegrade and disintegrate into natural elements such as biomass, water, and carbon dioxide in a composting environment and leaving no harmful element in the soil. In order for packaging material and products to qualify as compostable, they must completely decompose and break down into natural elements within a fixed time period after disposal.

Increased usage in the packaging industry and an increase in strict environmental regulations are key factors driving the compostable products market. Compostable products are also being increasingly used in more durable applications such as in textiles, consumer goods, automotive parts, and building & construction where the focus is on the use of renewable (bio) resources.

In California and other states, legislatures are acting to require increased use of compostable products and passing measures to ensure that retail products labeled as "compostable" or "home compostable" meet specific standards.

About Yunhong Green CTI Ltd.

Yunhong Green CTI Ltd. is one of the leading manufacturers and marketers of custom film packaging products, novelty balloons, candy and balloon gift solutions, and 100% biodegradable and compostable materials and finished products. For more information about our business, visit our corporate website at www.ctiindustries.com.

Forward-Looking Statements

Statements made in this release that are not historical facts are "forward-looking" statements (within the meaning of Section 21E of the Securities Exchange Act of 1934) that involve risks and uncertainties and are subject to change at any time. These "forward-looking" statements may include, but are not limited to, statements containing words such as "may," "should," "could," "would," "expect," "plan," "goal," "anticipate," "believe," "estimate," "predict," "potential," "continue," or similar expressions. We have based these forward-looking statements on our current expectations and projections about future results. Although we believe that our opinions and expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements, and our actual results may differ substantially from statements made herein. We cannot anticipate the duration of increased tariffs between the United States and other countries, particularly China. We do not know the ultimate resolution of elevated helium prices that impact our customers and negatively impact our revenue. We cannot anticipate future impacts from inflation, supply chain, labor availability and freight issues, and any global instability. We do not know whether we will be successful in passing such additional costs through to customers. The compostable and biodegradable products described by the Company from time to time are relatively new to the Company, which lacks the history required to ascertain whether those products will ultimately be successful in commerce. More information on factors that could affect CTI's business and financial results are included in its public filings made with the Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.