Draw Blueprint on the 25th and Create New Brilliance Again-Yuhuan Group's 2022 Annual Summary Recognition and 2023 Pledge Conference Held Ceremoniously

The tiger roars deep in the forest to increase its qi, and the rabbit goes to the wild to increase the fresh wind. On January 16, 2023, the 2022 annual summary commendation and 2023 pledging conference of yuhuan group with the theme of "drawing a blueprint for the second five years, creating new brilliance" was solemnly held in jimei international exhibition hotel.

The meeting was held in the form of "simultaneous live video of the main venue and sub-venue". The management cadres and commended personnel of the Group and its subsidiaries attended the on-site meeting, and other employees attended the meeting in the form of watching live video.

The meeting summarized the company's operating achievements in 2022, commended the individuals and teams that performed well and achieved excellent results in this year, and deployed and arranged the work for 2023 at the same time, mobilizing all cadres and employees to unite and work hard, so as to lay a solid foundation for the realization of the company's second five-year plan.

At the meeting, Ms. Xu Yanming, general manager of the company, fully affirmed the achievements of all employees in all kinds of work in 2022. She said that 2022 was an extraordinary and extraordinary year. In the face of various uncertainties in the economic environment and the repeated impact of the epidemic, all the cadres and employees of the company united as one, faced difficulties, opened up a new situation in work and career development, and achieved the overall annual work goal of seeking progress in stability. At the same time, for 2023, Mr. Xu put forward requirements and expectations to all employees: he hoped that all employees would be full of passion for their work, share happiness with each other, trust and unite with each other, adhere to the principle of stability and seek progress in stability, firmly set out towards the new goal of the "second five-year plan" and work together to create new brilliance.

The conference released Yuhuan Group's "Second Five-Year Plan Development Strategy" and "2023 Management Guide", and announced the "2023 Yuhuan Group Management Cadre Appointment Decision".

The heads of each business unit have defined the goals and direction of their efforts in 2023 by signing a letter of responsibility for the goals. Mr. Ling Jianjun, general manager of Yuhuan Precision, spoke at the meeting as a representative of the person in charge of the business unit. He said that Yuhuan Precision has achieved certain results in 2022, and he is more confident to lead everyone to achieve better results in the new year.

The conference commended and awarded the outstanding party and industrial group work individuals, advanced workers, work pacesetters, and outstanding teams that have emerged in 2022, as well as the award-winning individuals and teams that have won the chairman's special award. As a benchmark for all employees to learn, use the power of example to inspire everyone to strive for excellence and strive to achieve better results in the new year.

Chairman Xu Shixiong of the Group delivered an important speech at the meeting. He pointed out that the report of the 20th National Congress of the Communist Party of China further emphasized the need to focus on the real economy, promote new industrialization, and accelerate the construction of a manufacturing power. Yuhuan people should deeply cultivate the main business, seize the opportunity, focus on the research and development of high-end CNC precision grinding equipment, and strive to build "China's first mill". Xu Dong emphasized that the company must adhere to the customer-centric, unswervingly follow the product globalization market development strategy, and further expand emerging fields and overseas markets. Adhering to technological innovation is the only way for the company's development. Automation, digitization, and informatization are the themes for the company to further enhance product competitiveness and focus on development. The company will firmly move towards the goal of benchmarking intelligent manufacturing in the machine tool industry. Xu Dong pointed out that the company will make full use of the advantages of the capital market, normalize the equity incentive mechanism, realize the sharing of the company's development results with employees, and benefit all Yuhuan people. The company will adhere to the concept of manufacturing a powerful country and the new development direction of Hunan's three highs and four new development directions, take the "Second Five-Year Plan" strategy as the program, and take the "2023 Business Outline" as the action plan, so that Yuhuan can be called China's "industrial mother machine". It has always been in a leading position in the CNC machine tool industry, and has continued to develop, grow, and become prosperous!

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We are excited to announce that Yuhuan International will show up at Manufacturing Indonesia 2025, one of Southeast Asia’s largest and most influential manufacturing exhibitions. The exhibition will be held from December 3–6, 2025, at Jakarta International Expo, Kemayoran, presenting the latest products in manufacturing technology.

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.