We have seen that in recent years, the technology content of polycrystalline alumina fibers in foreign countries has steadily increased, and polycrystalline alumina fibers have been normalized and applied to high-precision components in various fields such as aerospace and civil automotive industry. The domestic high-temperature refractory industry has also gradually entered a period of rapid development, and a new stage of new material replacement and transformation is coming. As a driver of domestic alumina fiber materials, we are well aware that pursuing self-interest maximization alone cannot last long. Only by adhering to a harmonious and win-win sustainable development path can we establish a long-lasting business. We work closely with customers and partners, build a virtuous and mutually beneficial relationship in the industrial chain, and achieve sustainable, steady, and healthy development of multiple industries.

Taking technological innovation as the starting point, we continuously refine our main business market and always walk shoulder to shoulder with our customers. The primary responsibility of Dongheng is to ensure the sustained stability of the performance of alumina fiber products and firmly prioritize product quality over the company's commercial interests. To this end, we are establishing an alumina fiber research and development center, expanding our research and development capabilities, completing multiple core technology research and application transformations, improving our product line, and continuously enhancing our market service and competitiveness; We have implemented a technical renovation plan and completed more than ten key equipment upgrade and renovation projects throughout the year, steadily improving product performance; We have set up quality inspection rooms for production, strictly control the quality inspection process, achieve full process data traceability, and ensure the product inspection pass rate. We always maintain a high level of awareness of potential risks, in order to help customers avoid product usage risks and continuously win the trust of various stakeholders.

Adhere to the coordinated and balanced development of the upstream and downstream of the industrial chain, and always walk shoulder to shoulder with partners. Creating a harmonious and stable business environment is the foundation for conducting business cooperation and interoperability. We adhere to the development concept of "joint development of enterprises and employees", and annually upgrade the quota to cultivate professional talents. The proportion of highly educated and high-tech talents has increased by 15%, and the proportion of skilled talents has increased by 45%. Many young technical backbones have taken up more important positions, and high skilled talents have become the backbone of the company; We will integrate sustainable development strategies into our supply chain management system, promote end-to-end supply cooperation models, and provide suppliers with higher value returns; We focus on the development strategy of industrial park clusters, maintain mutually beneficial and symbiotic partnerships, adhere to the ecological cluster development model, fully leverage the value advantages of composite industrial chains, and contribute greater strength to regional economic development.

The path of sustainable development has no end and cannot be achieved overnight. We will continuously improve our company's business planning system, rationally develop and utilize chain resources, promote the efficient implementation of various goals, and achieve the organic integration of resource utilization and enterprise development. Through continuous efforts and practice, we will make greater contributions to the harmonious and healthy development of the industrial chain. The road is long and obstructed, but the journey is approaching. We are full of confidence in our future development.