The Company's Development Direction After The COVID-19 Pandemic

China has released a new initiative to prevent and control the epidemic, no more nucleic acid testing at the social level and mass cell and plant closures, the sweeps, nucleic acid, and closures that accompanied us for three years have become a thing of the past. At this point, our company began to slowly resume production, slowly adding equipment and expanding workers within our capacity. We are ready to start meeting the titanium market in the post-epidemic era.

First, we still need to protect ourselves and our families. An era is over but the epidemic continues, don't be knocked down by the first wave of infections that are coming.

The second is that we need to be careful about investing in primary material products. The titanium smelting and forging projects we have invested in these two years will be put into production next year in a concentrated manner, and the production capacity will make a big jump from the current manufacturing capacity. But through the second half of this year's observation, titanium applications market demand has not been a big boost, especially since the civil market has shrunk, so we should be cautious in titanium smelting, forging investment in the field of deep processing and finishing of titanium products in the mastery of key technologies can be built on the basis of.

The third is that we need to find new products, and accelerate the transition from material production to product production. Apple's cell phone using titanium metal shell for titanium into the life of ordinary people has sounded a new trumpet, we believe that the resulting application effect will allow more cell phone manufacturers to start purchasing titanium products. So we will seize this opportunity and can invest more in projects such as shaped material rolling, precision die-forging, titanium alloy forming, and surface finishing.

In short, we will flexibly respond to the direction of the market, improve our production technology and update new equipment to adapt to the diversified and multi-changing development of the market. At the same time, we will actively introduce technology and talents and other multi-directional for our enterprise development to provide more support and help.