Hindered phenol compound 3,9-bis{1,1-dimethyl-2[β-(3-tert-butyl-4-hydroxy-5-methylphenyl)propionyloxy]ethyl}-2,4,8,10-tetraoxaspiro[5,5]-undecane (AO-80) is a polymorphous material with different physical structures. The initial AO80 is highly crystalline, whereas AO-80 obtained by cooling from its molten state is an amorphous material. Annealing treatment below the melting point of AO-80 results in structural development. The mixture of chlorinated polyethylene (CPE) and vitrified AO-80 particles exhibits a dramatic change in the dynamic mechanical properties during heat treatment at 130℃. This change can be attributed to the decomposition of the vitrified AO-80 particles and the hybridization of two constituents. The vitrified AO-80 particles can crystallize again in a CPE matrix by annealing at 100℃, but this crystal is different from that of the initial AO-80 in its microstructure. In addition, the incorporation of CPE chains caused a dramatic increase in the modulus. As a result, the AO-80 crystal particles that contain some CPE chains act as multifunctional crosslinks and the CPE/AO-80 hybrid was found to be a new type of elastomer.