cohesionForge ahead to achieve leapfrog development of enterprises

     -General Manager's Speech for the Spring Festival in 2022

          A year full of harvest is about to wave away, and a year full of vitality is about to welcome the spring. At this time of farewell to the old and welcome to the new,I representShareholders' Meeting of the CompanysincerelyNew Year's greetings to all the staff who have worked hard for a year! To have been concerned about, support our leaders at all levels, new and old customers and friends in the industry to extend my heartfelt thanks! Respect to every new project builder!

2021 is an extraordinary year and a year that has made a deep mark in the company's development history. This year, the production and operation of Chuangda Yutu rose steadily, with new breakthroughs in many indicators. Yutu Titanium Industry's 100000-ton/year high-grade rutile titanium dioxide project started as scheduled and is in full swing.

This year, is to create a big jade rabbit fruitful year. All employees unite as one, work selflessly, seize the rare market opportunities, and burst out great enthusiasm for work. Annual production of titanium dioxide14701 tons, a record annual output. The rate of first-class products reached 99.05 per cent and the yield was 89.81 per cent, reaching a new level and ranking firmly in the forefront of the same industry in the country. Production of polymer products 756 tons. In the whole year, the company realized a total sales volume of 0.336 billion yuan (including by-products), the highest in the company's history, and paid taxes of 10.04 million yuan. At the same time, they practiced their internal skills and managed to achieve practical results. The consumption of main raw materials such as titanium ore, sulfuric acid, coal and other auxiliary materials has been greatly reduced compared with the previous year, saving production costs by about 2.9 million yuan; focusing on safe production, there were no major casualties throughout the year, and the medical expenses for work-related injuries were the lowest in the company over the years; Under the condition of ensuring normal production, the costs of civil engineering maintenance and anti-corrosion and heat preservation are strictly controlled. The sales department seized the market opportunity and achieved excellent results in various work: 15164 tons of titanium dioxide, the main product, were sold throughout the year, 1035 tons more than the previous year; The recovery rate of payment for goods was 107.4, up nearly 10% from the previous year. The annual receivable was 7.56 million yuan, down 55% from the same period last year. The above indicators are the company's best over the years. And strengthen management, formulate measures, grasp the market rhythm of product pricing, price to maintain a higher level of peers, for the enterprise to strive for the maximum benefit. With the cash in stock, the proportion of cash returns has increased significantly this year, by 26.01 per cent over the previous year. In view of the situation that raw material prices continue to rise, the supply department pays close attention to market changes, actively visits the market, and conducts on-the-spot investigations. The procurement of bulk raw materials has basically stepped on the market rhythm and saved the company's procurement costs. The Finance Department has done a lot of fruitful work for the financing of new projects, ensuring the continuous flow of funds for the construction of new projects. The office strictly controls non-operating expenses and implements canteen reform, which brings benefits to employees; strictly pays attention to face checking, pre-shift meetings, and staff training, which strengthens employees' awareness of labor discipline and improves the quality of the workforce.

This year, is the new project of Yutu titanium industry to overcome many difficulties, day and night to accelerate the construction of a year. New project fromSince the start of construction on May 16, all the staff of the project headquarters have been united sincerely, thinking in one place, working hard in one place, and going through hardships to handle the project environmental assessment, energy assessment, safety assessment and other procedures; overcome the lack of basic conditions in the park The difficulties in applying for approval for land, planning, and construction, etc., work hard day and night, with the mission of creating "five first-class" high-quality projects, pay close attention to safe and civilized construction, strictly control the quality of the project, and the progress of the project construction has advanced by leaps and bounds. At the end of the year, most of the main plant buildings have been capped. Equipment ordering, non-standard equipment production, equipment installation, and civil engineering are carried out in an orderly manner as planned.

Passion and sweat make the past, unity and tenacity make the future.2022 is full of opportunities and unprecedented challenges. In the new year, we must first stabilize the production and operation of Chuangda Yutu, continue to seize market opportunities, strengthen corporate management, tap potential and increase efficiency, and create better economic benefits. Annual target: 14800 tons of titanium dioxide, the main product, will be produced, with a target of 15000 tons, a yield of more than 89%, and a quality rate of more than 98%. Ensure safety production, environmental protection work standards. To further speed up the construction of new projects in the Yutu titanium industry, all project builders should always bear in mind: time is money, efficiency is life! Ensure that the project will be completed in June 2022 and the first phase of the project will be commissioned in July. The first phase of the project is 60000 tons/year rutile titanium dioxide plant. The company requires the production of 25000 tons of rutile titanium dioxide in July, and the sales revenue of the whole company will be 0.8 billion yuan in 2022. It is a great challenge for our engineering and technical personnel to make the project truly reach the production standard smoothly and realize the purpose and goal of "five first-class. The company should plan the long-term planning and market positioning of Yutu titanium industry (the target of the second phase of the project is 120000 tons/year), learn the advanced and mature technology of excellent domestic counterparts, recruit talents in the industry, strengthen scientific and technological innovation, carry forward the "Yutu" brand, and produce high-grade rutile titanium dioxide products that are high quality, differentiated and meet various needs of customers. To set up a sales and foreign trade department to extend and expand overseas markets; Strengthen the sales team to prepare the market for the rapid increase in titanium dioxide production in the second half of the year; Expand financing channels to ensure the capital demand for project construction; Do a good job in staff recruitment and skills training in advance to ensure that qualified and excellent production front-line staff will be delivered for new projects.

2022 is destined to be a magnificent year and a year with milestone significance in the company's development history! Let us devote ourselves to our work with more enthusiasm, implement the 2022 work plan and goals with practical actions, concentrate our efforts, forge ahead, and strive to achieve leapfrog development of the enterprise!

On the afternoon of January 17, 2022, the company will hold the 2021 work summary meeting.

Company team members

Executive Director Li Manfu Concluding Speech

Company Legal Representative, General Manager He Hanyun Speech

                                       Company legal representative, general manager: He Hanyun

                                                 2022January