Dear colleagues, esteemed partners, and friends from all walks of life,

Greetings to all!

As the new year of 2025 approaches, I would like to take this moment of bidding farewell to the old and ushering in the new to extend, on behalf of the company, our sincerest New Year greetings and deepest respect to all our diligent and dedicated employees and their families, both domestic and overseas, who have contributed to the development of Huaxin in the past year. I also extend my heartfelt gratitude to our partners and friends from all sectors of society who have long cared for and supported Huaxin's growth.

In 2024, faced with the complex and severe challenges posed by the volatile international situation, persistent low market demand, and an overall decline in industry performance, we braved the pressure, rose to the occasion, and firmly implemented the company's new four major strategies. With outstanding wisdom and courage, we overcame numerous difficulties and achieved continuous growth in revenue, maintaining a leading position in the industry. This year, we accelerated our international layout, laying the foundation for a new global development paradigm. We focused on research and breakthroughs in key core technologies, ushering in a new era of high-end, green, and intelligent advancements. We also strengthened our industrial chain, continuously enhancing the company's sustainable development capabilities. In this year, we once again received the prestigious "National May 1st Labor Medal," our brand value surpassed the RMB 100 billion mark for the first time, and our company's market value management led the industry, making our 30th anniversary of going public particularly remarkable.

Across mountains and seas, life is full of splendor; in building dreams globally, we walk together.

In the new year, facing even more complex and severe challenges, accelerating our international development and building a world-leading multinational building materials group remain our unwavering goals.

I look forward to working hand in hand with all employees, partners, and friends from all walks of life to embrace new opportunities and challenges. We will embrace the world with a more open mindset, share the joy of growth with global partners based on a win-win philosophy, and create equal opportunities with the power of inclusiveness, providing better development platforms for employees, higher-quality products and services for customers, and creating more value for society, shareholders, and the environment. With firmer steps, we will march towards an even brighter future.

On this beautiful occasion, I once again express my sincerest gratitude and best wishes to all. I wish you good health, family happiness, and professional success in the new year!

Thank you all!

CEO Li Yeqing

December 31, 2024