Dear all employees, partners and friends from all walks of life,

Hello, everyone!

Suddenly, we are about to say goodbye to the year 2024 full of challenges and gains, and usher in the year 2025 full of hope and opportunity. At this beautiful moment of bidding farewell to the old and welcoming the new, on behalf of Taian Modern Plastic Co., Ltd., I would like to extend my sincere New Year greetings and best wishes to all employees, partners and friends from all walks of life who have been caring and supporting our development for a long time.

Looking back on the past year, we forged ahead with determination, and in the face of many challenges, all our staff have united and worked hard, and made remarkable achievements in the complex and changeable market environment.

This year, the wholly-owned subsidiary Chongqing Future New Materials Co., Ltd. was officially established. As an important part of the strategic layout, the establishment of the branch in Chongqing marked that we have taken a solid step in expanding the market and deepening the industrial layout.

In this year, the headquarters of Chengdu Lubao, the holding company, moved from Zhaozhen Town, Jintang County, Chengdu to Aba Industrial Concentrated Development Zone. The completion of the new plant marks a key step in expanding production scale and improving production capacity.

In this year, in order to better serve the American market, the construction of the second production line of USA TMP Company was started. The construction is expected to be completed and put into production by 2025. By then, the USA Company will double their capacity, further consolidating their position in the international industry.

This year, the Company signed a school-enterprise cooperation strategic agreement with Southwest Jiaotong University. This cooperation aims to jointly promote the research and development and application of new technologies and new products with the help of the profound knowledge and scientific research advantages of Southwest Jiaotong University in the field of material science. This not only provides strong technical support for the development of the Company, but also provides broader market space for the transformation of scientific and technological achievements of the university.

In this year, Chengdu Lubao's new polyester drawstring production line and new polypropylene drawstring production line were successfully put into production, and the installation and debugging of Chongqing Future's new steel mesh panel project were completed, marking that the Company has stepped up to a new level in product research and development and production capacity. This not only enhances the Company's market competitiveness, but also brings more business opportunities and economic benefits for the Company.

In this year, we have successfully passed the annual three-system supervision audit, on-site audit of polypropylene filament geotextile expansion project, annual CE supervision audit, CRCC certificate renewal audit, on-site review of safety standardization experts and other audits, which improves the brand image and market reputation of the Company and wins more trust and support from customers.

In this year, we continue to maintain the honorary titles of high-tech enterprise, Shandong “SRDI” enterprise, Shandong enterprise technology center, and Shandong manufacturing single-item champion enterprise.

These achievements are inseparable from the hard work and unremitting efforts of each employee, as well as the support and trust of your partners and customers. Here, I would like to express my heartfelt thanks to all of you!

Looking ahead to 2025, we will continue to adhere to the “innovation-driven, quality first, customer first” business philosophy, committed to providing customers with better products and services, we will continue to adhere to people-oriented principle, pay attention to the growth and development of employees, for everyone to create a better working environment and a wider development space. We believe that only the continuous improvement of employees can promote the sustainable development of the Company.

Here, I also particularly hope that every employee can continue to maintain a positive and enterprising working attitude, constantly improve your own abilities and qualities, and grow and make progress with the Company in the new year.

Let us work together to meet the challenges and opportunities of the new year with even greater enthusiasm and firmer conviction. I believe, with everyone's joint efforts, Taian Modern Plastic Co., Ltd. will usher in a more brilliant tomorrow!

Taian Modern Plastic Co., Ltd.

Chairman: Wang Xuewen

January 1, 2025