Dear employees and shareholders

Today, our Fangyuan company held the 2017 annual meeting in Xianghe Wangge hotel. Here, on behalf of the board of directors and the company's leaders, I would like to pay tribute to all employees and shareholders and say how hard you have worked in the past year!

In the past 2017; All employees of the company United, overcame many difficulties and worked hard to complete the company's production tasks and various work. Due to the joint efforts of everyone, the company has better completed the business objectives set by the board of directors at the beginning of the year, so that the company's various business indicators can be realized. Thus, the company's work has stepped to a new level.

In 2017, Fangyuan's leading product, caliper disc brake, further increased its market share, and the company has become a major supplier of Liugong, Shandong Lingong and many other domestic construction machinery main engine plants. The military off-road vehicle brake developed by our company has been matched for many military land vehicle manufacturers.

In 2017, the company's electric porcelain accessory products have been stably supplied to well-known local electric porcelain enterprises. At present, dozens of varieties of rod insulator flange and suspension insulator have been developed, so that many electric porcelain enterprises have a variety of choices for our accessory products.

In 2017, the company's "Fangyuan" brand disc brake won the famous trademark of Jiangxi province again, and in 2017, the company won the "specialized and special new" enterprise awarded by the provincial Commission of industry and information technology again.

In 2017, Liao Changhong, an employee of the company, was awarded "excellent craftsman" by Jiangxi Foundry Association.

Today, the company will also present the "excellent employee" award to the nine employees who are unknown, diligent, hardworking and hard-working in ordinary posts in the past year. Here, I warmly congratulate the excellent employees who will win the award and hope that the winning employees will make further efforts and make new contributions. And call on all employees of the company to learn from them. In 2017, the salary income of the company's employees continued to maintain the middle and upper level of enterprises in the region. In the future, we will continue to make efforts to maintain this situation.

In the new 2018, the company will take its work to a higher level on the basis of the previous year. This requires all our employees to be more united and work harder to achieve the company's new ideals and goals.

In the new year, we should focus on continuously improving product quality. Product quality is the lifeblood and foundation of the enterprise. We should pay close attention to product quality, continue to explore the market with the high-quality products of Fangyuan company, and firmly occupy the market. The improvement of product quality depends on the improvement of quality awareness and work quality of all employees.

In 2018, the company will continue to form an assessment mechanism with wider coverage and improve various assessment systems, and gradually incorporate all the work of the company into the assessment. Make the company form a good atmosphere based on work performance.

In 2018, we will continue to develop new products with higher technical content and added value, and bring the developed new products to the market. We know that only by continuously improving the product grade can we avoid low-cost competition with people in the market. Only by constantly introducing new products with high technology and high added value, can enterprises take the initiative in the market competition. We should continue to develop the military industry market and make Fangyuan company go more and more smoothly on the road of military civilian integration.

Dear employees and shareholders, the new year is full of opportunities and challenges. We know that we will encounter many difficulties in achieving the company's goals. This requires us to have the courage and measures to overcome all kinds of difficulties. I believe that through the joint efforts of all employees of the company. We can overcome difficulties. So as to achieve the company's business objectives.

Finally, I wish you good health, smooth work, happy family and all the best!