New Year's greeting

(Zhang Benyan, Chairman of Lelong Group)

The chronological order is always changing, and the new chapter is constantly emerging. On this beautiful occasion of bidding farewell to the old and welcoming the new, on behalf of the board of directors of Lilong Group, I would like to extend my best wishes for the new year to all the employees and friends who have been united, hardworking, and dedicated all along! Sincere thanks to friends from all walks of life who care about the development of Lilong's business!

In 2023, with the changing global political and economic situation, the transition of new and old car making forces in the Chinese automotive market, and the significant changes in the structure of the automotive industry chain, all Lilong people are fearless and brave in the face of many unexpected factors. Under the guidance of the company's policy of "accurately recognizing changes and adapting to them, seeking innovation and change with the trend, laying out industries vertically and horizontally, and creating" specialization, refinement, uniqueness, and novelty ", Lilong and its subsidiaries have remained resilient and withstood the severe test of the market, achieving a sales revenue of 3.18 billion yuan for the entire group.

This year, companies have continuously deepened their strategic focus and upgraded their product technology based on a deep understanding of the underlying logic of "five checks and three determinations"; The three major infrastructure projects are advancing simultaneously: the first phase of the "Yongrenxin Medical Technology Park" project has completed its topping out, the main body of the "R&D Building" and "Zhongbao Intelligent Technology Project Production Plant" of Lilong is about to be topped out, and the second phase of the Hangzhou Haideshi project urgently needs to break ground. At the same time, various industrial sectors under Lilong actively promote the implementation of the policy goal of "vertical and horizontal layout of industries, creating specialization, refinement, and novelty", and are committed to practicing the entrepreneurial concept of "daring to be the first, striving for excellence in practicality, leading in innovation, and Lilong being the first", laying a good foundation for the new development and breakthroughs of various undertakings.The new product of intelligent cockpit has successfully debuted at the China Smart World Expo, attracting widespread attention from customers and media; The LiLong ZhongThrone cabin domain controller has completed intelligent terminal integration and system integration; Jointly initiate development projects with commercial vehicle clients; Lilong Zhongbao continuously promotes continuous improvement with the aim of "reform, innovation, and development", from "co location office" to comprehensively deepening the company's organizational and personnel structure through "rectification, consolidation, enrichment, and improvement", and comprehensively strengthening talent operation and management; Haideshi Group and Chongqing Yazaki actively participate in the deep integration of global supply chain resources of HI-LEX and YAZAKI in Japan; Chuangyuan Instrument and Yazaki Energy officially launched the "Ultrasonic Gas Meter Cooperation Project"; And Yongrenxin has successfully completed the core product upgrade and approval registration, etc. Lilong Group is exploring innovation and moving forward courageously in various strategic emerging industries.

Looking ahead to 2024, it will be a crucial year for Lelong Group to celebrate its 60th birthday and achieve the goals and tasks of the 14th Five Year Plan. It will also be a year for its subsidiaries to innovate and break through, shake hands with the world. 2024 is a year of "dragon in the sky", and China's economy is expected to show a bright and bright new trend. Information technology, Internet finance, and new energy automobile industries will become new engines of economic growth. For this reason, I believe that the three pillars of "automotive parts, medical equipment, and intelligent technology" developed under the umbrella of Lilong have won the first mover advantage under the national strategic layout. We should have confidence in the future development of China's economy and Lilong's business, and must not "defeat ourselves".

Looking back at the 60 years of passionate entrepreneurship in Lilong, I did not give up due to immense pressure, nor did I become restless due to external challenges. We should inherit the spirit of self-improvement and unwavering determination of the people of Li Long, and leverage their strengths, wisdom, and abilities to seek truth, be pragmatic, overcome difficulties, and work hard towards the goal of "Double Hundred Li Dragons".

Dear employees, currently, the various changes in the international and domestic situation are characterized by "opportunities and challenges coexisting, dreams and glory coexisting". The intelligent technology revolution and the global reshaping of industrial chains provide us with a once-in-a-lifetime opportunity to achieve "overtaking" and "going global". How many times can life be fought, and when should we not fight at this moment. Let us inherit the spirit of struggle of Li Long with the patriotic sentiment of "benefiting the country and the people" and the character of diligent cultivation; Guided by the concept of "daring to be the first, being practical and innovative, and taking the lead in innovation," we aim to achieve leapfrog development. With the courage to create a "specialized, refined, unique, and new" leader, we integrate into the global industrial layout and strive to achieve the grand dream of "building a world-class enterprise with international competitiveness" with determination and perseverance!

On the occasion of the New Year holiday, I wish everyone:

Happy New Year

Dragon and Horse Spirit

Good physical health

Family happiness!

Wishing Lilong Group and its subsidiaries all the best

Business thrives like a dragon,

The dragon leaps like a tiger!