Another year of spring and autumn harvest is forging ahead and continuing a new chapter. The year 2023, which is advancing with courage, is coming to an end, and the year 2024, which is nurturing hope, is waving to us. At this moment, the group company extends the best wishes for the new year to all cadres and employees, retired comrades, employee families, as well as government leaders at all levels and friends from all walks of life who have always cared about and followed the transformation and development of Hengyuan! Wishing everyone good health, smooth work, happy family, and all the best in the new year.

The past year has been the beginning year of fully implementing the spirit of the 20th National Congress of the Communist Party of China, a crucial year for carrying forward the 14th Five Year Plan, and also a year for Hengyuan's magnificent transformation, bidding farewell to the upgrading of the traditional refining industry to the high-end carbon materials industry, and achieving green, low-carbon, and high-quality development of the enterprise.

Looking back on 2023, under the leadership of the company's leadership team, the vast number of cadres and employees did not forget their original aspirations, kept their mission in mind, united their hearts, and fought bravely to be the first. Combining with the strategic layout of enterprise development and industrial coordinated development, they focused on project construction, fulfilled the responsibilities of state-owned enterprises, and fulfilled their duties. By the end of the year, the carbon material project was completed and high-end needle coke was produced, marking Hengyuan's official entry into the field of new carbon materials.We have taken an important step in accelerating the transformation and development of the carbon materials industry chain.Taking project research and development as the core, drawing on wisdom, striving for excellence, breaking through technological bottlenecks, strengthening internal and external technological research and cooperation,  we have  achieved new breakthroughs in research fields such as silicon carbon negative electrode materials, fine structured graphite, and special asphalt.Guided by market development, breaking conventions, readjusting business strategies, focusing on "new products, new channels, new markets, new customers, and new cooperation models", we leverage  the "high-precision and cutting-edge" industrial advantages of enterprises and  play  a good marketing "combination punch".Taking enterprise management as the starting point, combining with the actual situation of the enterprise, we coordinate reforms, reshaping organizational structure, and establish  a fixed position and staffing mechanism.We improve various systems and assessments, follow up at all times, strengthen management efforts, create a standardized and powerful enterprise management system, and radiate new vitality and energy for the healthy and sustainable development of enterprises!

The old days have passed by with the wind, and new hopes have emerged. At present, it is a critical moment for the smoothly transition of Hengyuan.Standing at a new starting point for development., the past and future will take over and continue, with opportunities and challenges coexisting. In the face of new development tasks, we must maintain composure, enhance our own abilities, strictly demand, take proactive actions, further accelerate industrial adjustment, optimize the industrial chain, improve management level, transform business mechanisms, comprehensively enhance enterprise quality, ensure steady growth in efficiency and strategic layout, and fully promote the current tasks of the company. In the upcoming year of 2024, let us work hard and steadfastly, live up to history and the times, and continue to strive in the tide of the times for the development and the centenary goal of Hengyuan. Hope us forge ahead and together write a new chapter in the history of Hengyuan in the new era!