1.Business Dealings

1.1. As the Spring Festival in 2025 is drawing near, General Manager Mr. Guan Baodong, led the team to visit BBAC Logistics senior leadership team, expressed their gratitude and presented New Year blessings, and invited the BBAC logistics team to visit and communicate.

In 2025, BASR will continue to strive to improve its business capabilities and standards, and will continue to maintain them good partnership with BBAC to ensure production and provide more valuable services for BBAC!

1.2. On January 7, the after-sales department of Nanshan Aluminum visited our airport base to discuss the on-site service of the BBAC dismantle and inspect other matters for in-depth communication, and sign the "Quality Agreement" to clarify the costs and responsibilities related to quality services.

2.Safe production

2.1. On the eve of the Spring Festival, the employees of the company's airport base organization base watched the "Safety Production Warning Film" and emphasized all employees are responsible for safety and improve their safety awareness.

2.2. Before the Spring Festival holiday, the company's Beijing headquarters, Tianjin Airport Base, and Jinan will carry out a comprehensive safety overhaul inspect to ensure that the office space, key parts and equipment are safe.

3.Management improvement

3.1. The company's human resources department completes the annual performance and secondary return accounting of all employees, and distributes it in a timely manner to stimulate the employees' work enthusiasm.

3.2. The company's financial control department completes the accounting and distribution of dividends for the first batch of equity incentive employees to strengthen employees a sense of belonging and loyalty.

4.Company Activities

4.1. On January 14, 2025, He Lijie and Liu Shuai of BU3 participated in the Tacheng Xinjiang investment promotion and signing conference with the theme of "sharing new opportunities and seeking new development" hosted by Xinjiang Tacheng and co-organized by Wuzi College. This promotion exhibited Tacheng area’s resources, location and industrial advantages. More than 300 companies have signed contracts with Tacheng. Through this visit, we can understand the development policy of the western region, grasp the resource advantages and industrial blueprint of Tacheng, and provide a basis for enterprise investment decisions.

4.2. On January 22, 2025, the 2024-2025 annual friendship meeting of BASR with the theme of "Wishful Thinking, Endless Prosperity" was held in our airport base:

Looking back on 2024: Experiences, Growth, and Gains Together.

Looking ahead to 2025: Go all out and meet the challenge.

Deputy General Manager Yang Zhiping concluded: emphasizing the implementation of the "five firsts".

General Manager Guan Baodong delivered a speech: In the face of the complex and changeable external environment and fierce competition in the market, we call on all employees to work in their respective positions--1. Open source: deep cultivation in the automotive field, development in other fields and efforts in the domestic and foreign markets; 2. Save on costs: save on costs and increasing efficiency in the whole link; 3. Improve management.

Commendation: Special Contributor of the Year, Striver of the Year.

Couplet: Upper couplet--The place is endowed with natural treasures and emits purple air.

Lower couplet--The people are outstanding and the land is magical, gathering auspicious clouds. Horizontal Batch--Blessings and Auspiciousness Fill the Door.

It means that the company will gather the aura of heaven and earth in the new year and usher in more blessings and auspiciousness.

This gathering is not only a summary of the past year, but also a prospect for the coming year. On the new journey, let’s work together to continue to write a new chapter, and jointly wish BASR a vigorous development and a brilliant future!

4.3. On January 23, 2025, and on January 26, 2025, the company's middle and senior management team was at the airport base and headquarters conference Room 416 successfully held the 2024 work debriefing meeting.

In the debriefing session, the managers summarized the results, analyzed the problems, put forward improvement measures, and planned the work in 2025. General Manager Mr. Guan Baodong and other managers gave in-depth and detailed comments on the work of each reporter. It provides a valuable growth opportunity for middle management cadres.

Finally, Guan Baodong, general manager of the company, made a comprehensive summary. Mr. Guan emphasized the following points in the summary:

Lead by example and lead the team.

Strengthen team building and style construction.

Future development direction: production and supply, improve management, innovation-driven, open source and reduce expenditure, team building.

This debriefing meeting is not only a summary of the work of the past year, but also a clear and planned direction for the future development. The company's management team will continue to lead the team to respond to the changes in the market by strengthening internal management, promoting innovation, strengthening team building, and daring to take responsibility, so as to contribute to the sustainable development and growth of the company.

Looking forward to the future, we unite and work together to create a new chapter in the development of the enterprise.