I. Newtrend Group Celebrates the Success of Its 2024 Annual Work Conference

Bathed in warm spring sunshine, Newtrend Group’s 2024 Annual Work Conference drew to a successful close. Hosted at the Group’s headquarters from February 6 to 7, the conference centered on the theme: “Ensure Stability, Control Costs, Strengthen the Market, and Strive for Sound Corporate Development."

On the morning of February 6, Conference Room One was filled to capacity as representatives from all subsidiaries and functional departments gathered to review the 2024 annual business plan and budget report. Comprehensive and data-driven, the report laid a solid foundation for the Group’s development in the year ahead.

At 13:30, Ms. Chen Lijun presided over the session. Representatives from the Capital Management Department, Finance Department, Sales Headquarters and other departments spoke in turn, discussing how to enhance the Company’s operational efficiency and achieve sound corporate development in the new year. The conference also commended outstanding individuals and teams, and signed 2024 Annual Business Target Responsibility Agreements with the Sales Headquarters, Purchasing Department and all subsidiaries, setting out clear targets and account ability for the year ahead.

The conference continued on the morning of February 7. Dedicated breakout sessions were held on staff recruitment for Ji’an, Xizang and Ansun companies in the Reception Room, on finance in Conference Room Two, and on safety and environmental protection in Conference Room One. Leaders and colleagues took anactive part, speaking freely and offering ideas for the Group’s future development.

Mr. Edward Wang chaired the closing summary session. The Chairman delivered the keynote annual work address, presenting a comprehensive review of the Group’s achievements, experience and lessons over the past year, and setting out its plans and priorities for the year ahead. Full of confidence and strength, his address charted a clear course for Newtrend Group’s future development.

II. All Subsidiaries Spring into Action, Launching Spring Recruitment Drives Despite the Rain

Following the Spring Festival holiday, all subsidiaries of Newtrend Group swiftly threw themselves into a new round of work. The Human Resources Department of Ji’an Company launched its spring recruitment drive on the sixth day of the Chinese New Year. Despite the rain and the drop in temperature it brought, our colleagues set up the site in an orderly manner with great enthusiasm, their faces glowing with passion and expectation, as they worked to bring fresh talent into the Company and energize the team. Meanwhile, Xizang Company rolled out its spring recruitment campaign on the eighth day of the Lunar New Year, aiming to attract more high-caliber professionals to drive the Company’s growth.

At our overseas plants, three leaders of Thailand Company - Yin Zhongxiu, Long Yufeng and Tang Qiaowei - returned to work on the seventh day of the Chinese New Year, while all management staff of Indonesia Company were back at the Company by the ninth day, a strong display of professionalism and dedication. Special thanks also go to one member of our family in particular - Jiang Youwei of Thailand Company, who remained on duty throughout the Spring Festival. He not only contributed to the Company’s development, but also demonstrated an exceptional spirit of dedication and professional responsibility.

III. All Subsidiaries Resume Full Production, Ushering in a New Production Boom

As a core production base of the Group, Ji’an Company brought its maintenance crews back to work on the eighth day of the Lunar New Year. They completed equipment inspection and maintenance in the shortest possible time, ensuring safe and stable production lines. On February 25, Ji’an Company’s plant resumed full production, and the roar of machinery marked the official start of the year’s production.

With the roar of artillery and swirling smoke, the Ji’an factory has officially broken ground—blessings upon its launch!

A lucky dragon brings auspiciousness—may the Year of the Dragon be filled with great fortune! The Jingkai District Dragon Dance Troupe has brought blessings.

Ansun Company and Xizang Company were not to be outdone: their plants returned to full production on February 17 and February 25 respectively, demonstrating highly efficient operations and strong market competitiveness.

The crackling of firecrackers resounds deafeningly, heralding a bright new beginning; Ansun smiles with joy, together forging a glorious year.

Cannon fire booms in unison, fireworks blaze—Tibetan factories embark on a new journey!

As a key pillar of the Group’s overseas operations, Indonesia Company also officially restarted production on February 24. Far from home, Newtrend people are writing new chapters in the Company's success with their hard work and ingenuity.

IV. All Newtrend Employees Join Hands to Build a Brighter Future

In the new year, all subsidiaries will work with greater passion and a more pragmatic approach, striving together toward the Group’s goal of sound, sustainable development. We firmly believe that with the joint efforts of all employees, Newtrend Group will embrace an even brighter tomorrow!

Editors: Li Jia, Zhang Jiahao

Editor-in-charge: Shi Yueqiang

February 27, 2024