Yuhuan CNC won the Golden Quality Award of 2021 Listed Companies-Corporate Governance Award.

On December 31, sponsored by Shanghai Securities News and supported by the China Institute of Corporate Governance of Nankai University and the School of Advanced Finance of Shanghai Jiaotong University, the results of the "Golden quality" Award of 2021 listed companies were officially announced. Yuhuan CNC Machine tool Co., Ltd. won the [Golden quality] Corporate Governance Award of 2021 listed companies. The "Golden quality" award is one of the most authoritative and influential awards in the field of domestic listed companies. As one of the most important awards in this selection, only 40 of the more than 4000 A- share listed companies in China have won this honor. The honor of Yuhuan CNC marks the industry's full affirmation of the company's brand, management level and capital market performance.

Yuhuan CNC since its inception, after decades of wind and rain, continue to expand and strengthen the main business, in the field of precision CNC grinding machine and CNC grinding and polishing equipment in the domestic leading position. In recent years, through scientific and systematic quality management, the company has continuously improved internal control management, improved corporate governance system, maintained high-quality information disclosure level and standardized operation, and the level of corporate governance has been comprehensively improved, laying a solid foundation for the company to achieve high-quality sustainable development.

In the future, the company will adhere to the idea of high-quality development, unremittingly pursue technological innovation, product innovation, market innovation, management innovation, etc., continue to build the company's industrial advantages and market core competitiveness, promote social progress with enterprise development, and open up a better future with innovation and hard work.

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Yuhuan CNC Machine Tool Co., Ltd. (stock abbreviation: Yuhuan CNC, stock code: 002903) was established in 2014 (the predecessor of Yuhuan CNC was founded in 1995). It specializes in the research and development, production, sales, and service of CNC grinding machine tools and intelligent equipment, providing customers with comprehensive solutions for precision grinding and intelligent manufacturing technology; it is a key enterprise in the national equipment manufacturing industry, a high-tech enterprise, and a national-level "small giant" enterprise. The main products are CNC grinding machines, CNC grinding and polishing machines, CNC broaching machines, and intelligent equipment series products, which are widely used in aerospace, rail transit, machine tool manufacturing, automotive parts, semiconductor industries, and other fields that require high-precision grinding and precision grinding and polishing processing.

On April 8, the groundbreaking ceremony for the R&D center of high-end CNC grinding machines of Hunan Yuhuan Intelligent Equipment Co., Ltd. was held at Yuhuan Science and Technology Park in Changsha Economic and Technological Development Zone. Ouyang Xiaofeng, member of the Standing Committee and Vice Director of the Provincial Department of Industry and Information Technology; Jiang Hongbo, Deputy Secretary of the Party Working Committee and Director of the Management Committee of Changsha Economic and Technological Development Zone; Lai Kunming, Deputy Director of the Management Committee of Changsha Economic and Technological Development Zone; and Xu Shixiong, Chairman of Yuhuan CNC Group, attended the event and witnessed this important moment.

With the deepening of globalization, enterprises "going out" has become the trend of development. The company opened an office in India in 2019 to expand into the Southeast Asian market. In July this year, the company continued to accelerate its global layout: the first overseas company "Yuhuan International Co., Ltd." was registered in Singapore to be responsible for formulating and implementing global strategies and promoting the development and operation of global business. This important move of Yuhuan Group will undoubtedly lay a solid foundation for the company's future development and enhance its global influence.