Dear leaders, distinguished guests, colleagues from the Guangdong Stainless Steel Materials and Products Association, and customers of Jinhai Huichuang:

Good evening, everyone!

As the year draws to a close and a new one begins, the street lamps are lit up, creating a warm and cozy atmosphere. Tonight, we gather together to attend the 2026 New Year's Eve dinner of the Guangdong Stainless Steel Materials and Products Association and celebrate the "Jinhai Hongyi Night". At this wonderful moment, on behalf of all colleagues of Jinhai Huichuang Group, I would like to extend our warmest welcome to all the leaders and guests who have taken the time to attend! We extend our most sincere gratitude and best wishes to all the colleagues in the association and our client partners who have been walking hand in hand with us!

First of all, I would like to express my sincere gratitude to the Guangdong Stainless Steel Materials and Products Association for its guidance and empowerment. Over the years, the association has always kept the development of the stainless steel industry in mind. It is not only the leader of the stainless steel industry in Guangdong but also a bridge and link between upstream and downstream enterprises in the stainless steel industry. Amid the ups and downs of the market, the association has built an exchange platform for us, connected us with high-quality resources, helped us solve development problems, pointed out the direction, and gathered the strength of the entire industry to develop together, enabling the stainless steel industry in Guangdong to move forward steadily and continuously improve.

Secondly, I would like to express my gratitude to every customer friend for your trust and company. For 26 years, Jinhai has adhered to the belief that if you keep doing one thing for a lifetime, you will surely succeed. This is also the foundation that enables us to move forward steadily. Since entering the stainless steel field in 1999, from manufacturing pipes to laying out the entire industrial chain, from traditional manufacturing to intelligent upgrading, Jinhai has always aimed at pursuing high-quality development, devoting itself to refining products and optimizing services. This is not only to provide the market with higher-quality products but also to better serve every customer and repay everyone's trust. Over the past 26 years, Jinhai has grown from scratch to what it is today, evolving from a follower in the industry to a deep cultivator. This has not been achieved through empty slogans, but through its unwavering commitment to quality and the sincere trust and unwavering support of all its customers. It is the expectations of the market that drive us to keep innovating. It is your recognition that has given us the confidence to overcome difficulties. This letter is as heavy as a thousand pieces of gold, and this companionship warms the heart. Once again, we would like to express our most sincere gratitude to all our customers and partners!

Market competition is becoming increasingly fierce. High-quality development is the fundamental for enterprises to stand firm. Jinhai has always regarded technological transformation and upgrading as its core strategy, being willing to invest and striving for excellence. Its core goal is to pursue higher-quality development, provide the market with more superior products, and win recognition and serve customers with its excellent quality. From 2021 to 2023, we invested 2.8 billion yuan and joined hands with industry leaders such as Baosen Software, China Second Heavy Industries, China Metallurgical Group Corporation Dongfang, China Metallurgical Group Corporation Nanfang, and Laimu Technology to promote the digital and intelligent technological transformation of the entire industrial chain in Wuzhou Jinhai. We empowered production with intelligence and ensured quality with technology. Nowadays, the Wuzhou Jinhai Intelligent Factory has been completed. It responds to orders more quickly, the product qualification rate has steadily improved, and the supply has become more stable. These improvements are the fruits of our deep commitment to high-quality development and also a solid foundation for us to provide more reliable guarantees to our customers.

In July 2024, we invested an additional 1.3 billion yuan to launch the 1 million-ton high-end stainless steel deep processing project of Hongyi New Materials. It was completed and put into operation in just one year. The layout of this project is another significant measure taken by Jinhai to deeply cultivate high-quality development. We hope that through this layout, we can provide the market with high-quality and cost-effective product-grade 2B boards, fill the industry gap and enrich the product supply. We have noticed that many customers encounter difficulties in handling the specifications after slitting when purchasing wide 2B plates, resulting in accumulated inventory funds and material waste. The only narrowband 2B board production base in the country built by Hongyi New Materials can precisely address this industry pain point. It not only achieves our strategic goal of high-quality development but also better serves the market and helps customers grow.

Today, taking this opportunity, I would also like to sincerely introduce to all partners the three major advantages of Hongyi 2B boards. This is both our sincerity and our confidence: First, the width can be customized. We can produce whatever width you need. There's no need to buy large boards for slitting anymore. This reduces inventory overstock from the root, speeds up capital turnover, and makes business operations more efficient. Second, the quality is guaranteed. Relying on the advantages of the entire industrial chain, cutting-edge industry equipment and intelligent factory management, the quality of Hongyi 2B boards can be exactly the same as that of large boards, meeting high-end demands. Third, it has a high cost performance. Compared with large boards, the price is more favorable, allowing everyone to enjoy real discounts.

Here, I sincerely invite all our customer friends: Learn more about Hongyi, choose Hongyi 2B boards, and let us support your business with high-quality products. We also warmly welcome all colleagues to join us, become distributors of Hongyi, and work hand in hand with Jinhai to share industry opportunities and achieve win-win development!

Looking back on 2025, the industry as a whole was under pressure. However, under the guidance of the association and the trust of customers, Jinhai has always adhered to the high-quality development direction and moved forward steadily. Looking forward to 2026, the "15th Five-Year Plan" has begun with a new start, and the task of improving quality and efficiency in the industry is arduous. Jin Hai will always adhere to its original aspiration, take high-quality development as the core, be deeply rooted in the industry and serve the market, and with greater determination, promote technological transformation and upgrading to make its products more competitive. Take more practical measures to provide better services and build a solid full-chain guarantee covering supply, logistics and after-sales support. Integrate into the association platform with a more open attitude, help each other and develop in a coordinated manner with colleagues in the industry, and jointly promote the continuous improvement of the stainless steel industry in Guangdong.

Finally, I sincerely wish the Guangdong Stainless Steel Materials and Products Association a vigorous development and continuous improvement, leading the stainless steel industry in Guangdong to achieve even greater success! Wish all our customers, friends and colleagues a prosperous business, abundant wealth, good health and a happy family in 2026!

Thank you all!