On the afternoon of February 11, the fourteenth day of the lunar new year, in order to fully implement the arrangements of the central and provincial economic work conferences and to speed up the resumption of production by park enterprises after the Spring Festival holiday, the leadership team of the industrial park, together with the heads of the party and government office, the economic development bureau, party building in new economic organisations, emergency management, ecological environment, planning and construction, the big data centre, investment promotion services and Yubei Community, visited our company, Xupai Power Co., Ltd., for a service exchange meeting to support and safeguard high-quality development in the new year.

At the meeting our general manager and the heads of the related functions took an active part and had in-depth discussions with the park departments. We gave a detailed account of Xupai Power's 2025 production and results, the progress of newly developed products and our industrial layout, hoping that through this exchange the company and the park could cooperate more closely, win more support for business development and contribute more to the prosperity of the park.

The heads of the park departments voiced their full support for Xupai Power's high-quality development in the new year and their commitment to raising the standard of the business environment:

Proactive service: for our construction projects and development measures the park will provide proactive service, priority handling and cross-departmental coordinated processing, so that project progress keeps pace with market changes and service efficiency truly matches market opportunities.

Front-line service: a grid-based enterprise liaison system and on-site enterprise service officers will be put in place to solve promptly the various obstacles met in development, finishing the last mile of the service and improving how the business environment is experienced by companies.

Wholehearted service: as a key enterprise of the park for invoice issuance and tax revenue, Xupai Power contributes greatly to its development. The park will fully support our measures in continuous innovation, quality and volume improvement, and cost reduction and efficiency gain, ensuring that Xupai completes its annual targets on schedule.

This service exchange clarified our development goals for the new year:

Science and technology applications: having already been recognised as a national green factory, we will keep pressing on talent and technology applications so as to be named a national-level specialised and innovative Little Giant enterprise within the year.

Growth in both capacity and tax revenue: by constantly developing new products and expanding market applications, we will achieve a total annual capacity growth of more than 10 percent and push tax revenue past the 100 million yuan mark.

Research leading the market: while improving the quality and volume of existing products, we will focus on the development and application of new batteries with higher energy density, higher safety and longer life, moving quickly to seize the market and establish a product advantage.

Brand building: we will polish the Xupai Power reputation and step up communication about company honours, corporate culture and innovation, shaping a completely new image as a technology-driven enterprise.

Safety and environmental protection: we will continue to strengthen investment in safety and environmental technology and funding, always staying at the front of the park in this work and setting an example for other enterprises.

With the strong support of the park, we believe Xupai Power will make new leaps in 2025 and achieve even greater results.