We will work together to create glory

The auspicious dragon brings good luck to the Year of the Snake, and the  dragon and snake dance together to show a new chapter.

The annual summary and commendation meeting of Haihong Electric Co., LTD.,  Guangdong Heathywise Co., LTD. and Guangdong Tritype Electric Co., LTD. in  2024 and the New Years banquet in 2025 were held in Kaiping Tanjiang Peninsula  Hotel on January 22,2025.

Over 1,000 colleagues gathered to review and summarize the work of 2024,  carrying valuable experiences and gains as they march forward with confidence  into the new journey of 2025. With drums beating and oars rowing, all members  of Haihong, Heathywise, and Tritype Electric are resolute in their confidence,  advancing toward set goals without fear of waves or storms, driving the  companys high-quality development.

The drumbeats surged and the spirit soared as the annual commendation  conference kicked off amidst the lively lion dance. At the meeting, General  Manager Zhai Lizhen of Haihong Electric, General Manager Xu Keyong of  Heathywise Company, and Deputy General Manager Zhou Yucheng of Tritype  Electric respectively delivered their annual summaries for 2024 and work plans  for 2025.

The Year of the Dragon has opened a thousand layers of brocade, and the Year  of the Snake has climbed another hundred steps.

In 2024, Haihong Electric always adheres to "strengthening internal skills",  seeking progress while maintaining stability, promoting steady progress and  promoting the development of enterprises in a high-quality and high-level  direction.

In terms of technological innovation, five innovative technologies have passed  the national appraisal in one go and are rated as internationally leading.  Meanwhile, the company won the provincial science and technology project of  Guangdong Power Grid, "Key Technology Research and Application of 110kV  Energy-Saving Amorphous Alloy 3D Wound Core Oil-Immersed Power Transformers."  This will be a world-first new technology and product, representing leadership  in global new energy fields and ensuring that Haihong Technology continues to  stand at the forefront of industry technology.

In terms of the market, it has won a number of demonstration major projects,  such as the framework procurement project of technology transformation and  achievement of double-layer double-transform substation of China Southern  Power Grid, and the charging station project of various cities service areas  of Guangdong Expressway Investment.

In terms of internal management, the organizational structure has been  adjusted and an OA system has been introduced. A total of 268 training  sessions were conducted throughout the year; 7S management was implemented,  improving workshop safety and on-site management; equipment was upgraded to  reduce labor intensity for colleagues and enhance production efficiency. The  company was awarded as a national single-champion enterprise.

The dragon dance gracefully bids farewell to the old year, and the snake  ascends a new course to display its grand plan.

In 2024, Heathywise Company actively carried out in-depth layout and practice:

In terms of market layout, we closely follow the policy of integrating  medicinal and edible functions of lingzhi mushrooms, continuously increasing  R&D investment. We have launched new products such as lingzhi coffee and  lingzhi American ginseng tea to meet the diverse needs for health foods in the  market. This year, the company has obtained three national invention patents  and completed additional production permits for various products including tea  preparations, soups, and capsules. The first successful approval of  broken-cell wall lingzhi spore powder for national organic product  certification has been achieved. Work on health food approvals and filing  system product applications is also underway, laying a solid foundation for  future product launches.

In terms of brand building, this year we successfully held the companys 20th  anniversary celebration and the first Lingzhi Day event. Through industry  experts popular science lectures on lingzhi and interactive exchanges, we  fully demonstrated the companys strength and industry contributions. This not  only reinforced our brand promotion but also deepened the trust of our  members. Our extraction business has not only expanded domestic operations but  also actively explored the market potential of plant extracts from Europe and  America, achieving impressive results. On the other hand, we have improved our  online business channels, increasing product exposure and sales through new  media, short video promotions, and live interactive sessions.

In terms of team management, we have promoted intelligent attendance and  management system optimization to further improve management efficiency. With  the goal of enhancing team collaboration and stimulating colleagues innovation  vitality, we have promoted the implementation of R&D innovation projects, and  all projects have achieved phased results.

Dragons soar for a thousand years of auspiciousness, snakes dance for  generations of glory.

In 2024, Tritype Electric focuses on strategic goals such as building  high-reliability products and building a growing team. With the joint efforts  of all colleagues, all work has achieved good results.

In terms of technological innovation and product research and development,  great progress has been made in outdoor dry type transformer, 16000kVA  ultra-large capacity 3D core dry type transformer, amorphous alloy dry type  transformer and other technologies.

In terms of equipment R&D improvements, we persist in upgrading relevant  tooling molds and equipment to enhance production automation and intelligence  levels, effectively reducing colleagues workload and boosting productivity.  The company successfully passed the re-evaluation as a Little Giant and  obtained registration from the vocational skills level certification  evaluation agency, while also recognizing the vocational skills levels of 103  colleagues. Currently, the company is constructing a photovoltaic project on  the factory roof, effectively utilizing green energy and further reducing the  temperature of the factory buildings.

The company has always adhered to the philosophy of "truth, sincerity, and  genuine" commitment. At the commendation conference, a segment called "Sincere  Dialogue" was conducted. The leadership of the company listened sincerely to  colleagues questions regarding how to leverage team power to build good  communication and collaboration, how to navigate uncertainties in an era of  change, how to better formulate specific plans for cost reduction and  efficiency improvement by minimizing trial-and-error costs, the companys  judgment and planning for the next major opportunity, the sustainable  development of product research and development, and how Heathywise plans to  expand its presence and development in the middle-aged and young adult markets  beyond the elderly demographic, as well as how to enhance production through  quality control and innovation breakthroughs. Each question was addressed in  detail, helping everyone gain a clearer understanding of the companys future  direction and plans.

Through face-to-face communication, we can discuss and analyze the  difficulties encountered in our work, summarize solutions to problems, enhance  collective confidence, unite and cooperate, seize new opportunities, meet new  challenges and achieve new development.

A hundred boats vie for supremacy, a thousand sails compete; standing at the  forefront of the tide, we dare to lead. In 2024, we will focus on stability  and excellence. All colleagues take the company as their responsibility and  work as their mission, striving day and night in their respective positions.  With sweat and wisdom, they write chapters of hard work, propelling the  company to new heights of high-quality development. To thank our colleagues  for their diligent efforts and encourage them to strive for excellence and set  examples, a total of 468 outstanding individuals, departments, and suppliers  were honored at the meeting. Among them, 58 colleagues received the "Craftsman  Award," and 52 colleagues were awarded cars. To date, the company has  cumulatively presented 207 "Craftsman Awards," 626 award cars, and 39 award  apartments.

While the company continues to grow, it always remembers to assume social  responsibilities. It insists on participating in public welfare activities  such as "public welfare education" and "popular science publicity", and  interprets responsibility with actions.

After the award ceremony came a warm family reunion dinner and an exciting  lucky draw. Winners emerged one by one, with screams and cheers echoing  throughout the venue, pushing the atmosphere to its peak at times. Special  thanks to Chairman Xu of the company and our partners for their strong  support, which made this conference a complete success.

The colleague won "first prize for a tablet computer"

Colleagues won a "ten-thousand yuan prize"

Looking ahead to 2025, the road ahead remains full of hope and challenges. We  will continue to write new chapters with unwavering dedication and an  innovative, broad-minded approach. In the face of a complex and ever-changing  external market environment, we firmly believe in our companys strategic  development plan. We will fight harder as we advance, tackle difficulties  head-on, uphold the bottom line of high-quality development, constantly  surpass ourselves, and create highly reliable products. The journey has been  bountiful, hard-won, and we remain true to our original aspirations, forging  ahead with determination. Embarking on this new journey, facing new goals and  missions, all members of Haihong, Heathywise, and Tritype Electric will  continue to lead with the principles of "truth, sincerity, and genuine"  commitment, using innovation as our wings and responsibility as our rudder,  moving forward together to achieve stability and win the future, creating new  glories!

Finally, I wish all colleagues and customers of the company a happy health and  smooth sailing! May our motherland be peaceful and prosperous!