On the morning of July 23, 2024, the company held the Hubei Benxing Economic Indicator Assessment and Commendation Conference for the first half of 2024, as well as the "Five Cleanups" Summary Conference. The conference reported on the completion of business indicators and the completion of the Three Four Five Projects in the first half of 2024, and read out the "Decision on Commending and Rewarding the First Half of 2024" document. Huang Fuchao and three other personnel made statements, and Chairman Dai Baixiong delivered an important speech.

Chairman Dai Baixiong pointed out that this meeting is both a summary meeting and a mobilization meeting for the work in the second half of the year. Firstly, the company's strategy of stabilizing the foundation with old products and promoting development with new products has achieved good results, and the company's business development has been fully guaranteed. Secondly, through the promotion of the 3-4 Project, the company has achieved significant results in technical capabilities, supply chain management, and other aspects, with improvements in quality and management level. The measure of dividing the kitchen for meals has strengthened the sense of responsibility of most accounting unit leaders, enabling them to take the initiative to act independently. Seizing market opportunities and adhering to quantity as the main focus reflects the comprehensive strength of Benxing and the advantages of differentiated development. Finally, the new project adds vitality. With its unique industry advantages, significant growth potential, and excellent innovation capabilities, a series of new projects will pave a solid path for the healthy, sustainable, and efficient development of Benxing, laying a solid foundation for the company's long-term planning.

Chairman Dai Baixiong emphasized that in the continuous development of the company, in order to further consolidate its market position and enhance its core competitiveness, the following four strategic principles are hereby clarified and emphasized to guide our future work direction, ensure the steady progress of the company, and continuously break through. The first principle is to firmly adhere to the strategic thinking of stabilizing the foundation with old products and promoting development with new products. While consolidating the existing product market, actively researching and developing innovative products, seeking differentiated competition, pursuing excellent quality, seizing market trend policy opportunities, and injecting strong momentum into the company's sustained growth. The second persistence: We take seizing market share as the breakthrough point and seizing the commanding heights of the industry as the primary task. This is not only a quantitative accumulation, but also a qualitative leap. What we pursue is not only the expansion of market share, but more importantly, the improvement of market quality to create an irreplaceable competitive advantage for the enterprise. The third persistence: We must adhere to the perfect integration of the strength of large enterprises and the flexibility of small enterprises, adapt to new situations, transform our business ideas, and open up new tracks. By constantly innovating, seeking new market opportunities, cultivating new profit growth points for the company, and ensuring that the company remains in a leading position in the complex and ever-changing market environment. The fourth persistence: We insist on using team execution as a powerful lever to promote the implementation of strategic goals. Excellent team execution is the key to achieving strategic goals. Only through efficient collaboration and excellent execution within the team can we ensure the smooth implementation of every strategic initiative, thereby achieving the overall development goals of the company.

The chairman's speech not only consolidated consensus, but also stimulated the action of all the members of the Benxing team. In the new stage of development, Benxing will adhere to the four major strategies proposed by the chairman, and move towards a more brilliant future with more firm steps. We firmly believe that under the leadership of the chairman, Hubei Benxing will continue to grow in the fierce market competition and achieve the grand goal of sustainable development.