Tengyuan's New Year wishes for 2021!

As the spring sun gradually returns, all things begin to renew. Time flies like this, slipping away between my fingers! On this occasion of bidding farewell to the old and welcoming the new, I would like to express my heartfelt thanks and sincere New Year greetings to all colleagues who have held a common ideal and worked hand in hand for many years, to the employees and their families who have been quietly and selflessly dedicated, and to the friends from all walks of life who have always cared about and supported Tengyuan's development!

Thank you to my colleagues who have been fighting side by side with me all along, enduring storms, persevering, and never abandoning me. Thank you for your hard work and dedication over the years. It is you who have given me confidence and courage to walk until today, and will continue to move towards a better future. Thank you to all the customers and friends who have cooperated with the company. Thank you for choosing Tengyuan. We are willing to overcome difficulties, unite and strive together with you in the new year, and create new achievements.

Time is the scale for pioneers to move forward and the witness for strugglers to build their dreams. In 2020, Tengyuan people left a brilliant mark in the history of enterprise reform and development with their indomitable will, innovative wisdom, and diligent hands.

In the past year, there have been tremendous changes and numerous challenges. The severe economic situation, the complex industry development trend and the sudden COVID-19 have prompted us to constantly seek new breakthroughs in responding to the epidemic and the tide of industry change. The fierce and raging epidemic, the adjustment of industry formats, and the evolution of traditional industrial service models all test our ability to adapt to changing circumstances, and all urge us to firmly believe and innovate. Stay clear in the midst of change, and maintain composure in the midst of constancy. We always stand at the forefront of the trend, resonating with national policies and industry demands, inheriting the past and exploring the new; Enduring tests and constantly growing.

2020 is a crucial and extraordinary year for Tengyuan Group, as we carry heavy burdens and forge ahead with determination. In this year, the development of Tengyuan Intelligent Huiyun Industrial Big Data Platform, Industrial Internet Platform, and Intelligent Manufacturing Platform made good breakthroughs, and obtained more than 60 patents and copyrights. The effective integration of online and offline ecological services, Tengyuan Industrial Internet Bearing Cloud Platform online strengthened the company's core competitiveness and provided digital ecological services for China's bearing industry. We have achieved this year by putting customers at the center, leveraging brand effects, and building a distinctive corporate culture. This year, the group highlighted three major innovative developments: 1. Technological innovation; Independent research and development of ecological bearing industry Internet, industrial big data, industrial app, industrial saas software and industrial intelligent manufacturing; 2. User service innovation; Jointly established with the government, creating a two-way overlay service that integrates technology and investment promotion; 3. Business model innovation; Based on the first platform of Internet application in bearing industry, the base plus platform plus service business architecture, build a digital ecosystem of bearing industry, and empower the government and enterprises to reincarnate and upgrade. This year, Tengyuan actively responded to the call of the national policy of "Made in China 2025" and "New Infrastructure", aimed at "revitalizing national industry and realizing the service of industry to the country", and took "new supply, new manufacturing, new circulation" as the outline, incubated the first industrial interconnection application platform for China's bearing industry. The platform is positioned as an industrial digital ecosystem service provider, committed to providing industrial big data, industrial APP platforms, industrial digital software, and industrial intelligent manufacturing and digital factory system solutions for government and enterprise users. At present, Tengyuan Zhihui Cloud, the first industrial Internet APP platform of Tengyuan, has been put into operation and has reached long-term cooperation with many enterprises. At the same time, Tengyuan is also favored by local governments in third - and fourth tier cities, participating in government led digital transformation of the manufacturing industry and upgrading of industrial parks projects. We have reached cooperation agreements with local governments in Hebei, Guizhou, Hubei, Liaoning, Guangdong and other regions to jointly build Tengyuan Smart Industrial Park and establish industrial big data centers. Tengyuan will undoubtedly make outstanding contributions to the digital transformation of China's bearings and even the revitalization of the national industry. Every progress and achievement of Tengyuan Group should be attributed to all Tengyuan people. It is you who measure the rugged road with your feet and write a beautiful picture with your hands.

The achievement of these results is both affirmation and a new responsibility and mission. In the new year, we will rely on the east wind of industry reform, unswervingly transform and upgrade, based on the advantages of "Internet plus+bearing industry", adhere to the main line of "development, innovation and integration", deepen the "year of project implementation and service quality improvement", and push the company's business to a deeper, higher and broader emerging industry market.

In winter, our longing for spring gradually becomes clear, and we see opportunities hidden in the fog of numerous risks. We unwaveringly open up new opportunities in the crisis, seize the opportunity to start the 14th Five Year Plan, follow the trend of market economy development, and move forward with the courage of embracing all rivers, sailing together in wind and rain, steadfastly forging a path of innovation that belongs to Tengyuan itself, striving to be