2023 is a year of great leap for the company, as it is in a period of rapid development, which will bring huge challenges to business management. Mid year is a crucial period for connecting the past and the future. Since the beginning of this year, the market has been continuously fluctuating, facing severe market conditions and bringing many challenges to business operations; In addition, since the second quarter of this year, there has been a sudden situation in production. Our long-term strategic partner, Luoyang Molybdenum High tech, has suddenly stopped production, which has posed greater challenges to the enterprise; Of course, with the company's efforts, we have also transformed this significant challenge into an opportunity. In the face of new situations and difficulties, we adhere to innovative management. All cadres and employees have worked tirelessly and achieved satisfactory results. Looking back on the first half of the year, all work has been carried out in an orderly manner in adversity, reflecting a "stable" character overall. Business work has been steadily carried out, business work has been steadily improved, key projects have been steadily promoted, and internal management has been stable and orderly.

The tense and busy first half of the year has passed, and in the past half of the year, we have withstood the pressure of industry market fluctuations and outperformed the industry market; Stabilized the sudden situation in production and turned crisis into opportunity. Behind the achievements are the wisdom and sweat of all cadres and employees. Here, on behalf of the company, I would like to express my high respect and heartfelt gratitude to all the employees who have braved difficulties, worked tirelessly, and made positive contributions to the company's development! Although there may be many obstacles on the road ahead, our entire company still conscientiously implements the spirit and specific requirements of the work meeting at the beginning of the year, and actively strives against the market, achieving good results in the first half of the year.

The second half of the year, full of hope and challenges, has arrived. There is a long way to go in the work of the second half of the year, allowing us to sprint towards the sales target of 1 billion yuan for Kangbote. At the same time, the alloy production line of Yatianxia can operate normally in the first half of the year, the Yangquan project can be put into operation smoothly in the second half of the year, and the organizational system can be upgraded smoothly. To achieve these four major goals, we have achieved a complete victory this year. Completing goals is not only a company task, but also closely related to every employee. Without accumulating small steps, one cannot reach a thousand miles, and without accumulating small streams, one cannot become a river. Let us be filled with hope and passion, with more markets waiting for us to conquer and greater challenges waiting for us to meet. We will work together to break through and strive for the strong development of the company!