As the chill of winter gradually dissipates, February not only ushered in the joy of the new year, but also witnessed the efforts and progress of BASR in all aspects. At this moment full of hope and opportunities, we hereby review and report on the major events and work progress of BASR in February 2025, and look forward to a better future together.

1.Business Dealings

1.1 Domestic Business

(1) February 20, 2025: Yan Tian, chairman of Hunan Nantong Group, visited our Tianjin airport base for business exchanges. Guan Baodong, general manager of the company, and the team warmly received them, and the two sides conducted a comprehensive and in-depth discussion on the establishment of the joint venture and other cooperation opportunities, which injected new impetus into the future win-win development of both parties.

(2) February 6, 2025: Employees of the BU2 and project team went to Hunan Jinci Factory for on-site inspection, and the two sides successfully completed the drafting of the tripartite warehousing agreement and the annual purchase and sales framework agreement after in-depth exchanges. At the same time, the annual purchase and sale framework agreement, business contract and integrity agreement with Hainan Valin were also successfully signed this month.

(3) February 7, 2025: The team of the BU3 visited Shanghai Anyue, and the two sides had an in-depth discussion on the current project and follow-up cooperation. This communication not only laid a solid foundation for future cooperation between the two sides.

2.Safe production

2.1. February 5, 2025: The "Safety Meeting on Resumption of Work and Production" was held at the airport base, emphasizing the importance of safe production and ensuring the safe and orderly resumption of work and production after the holiday.

2.2. February 14, 2025: Our company participated in the "Tianjin Port Free Trade Zone 2025 Work Safety Work Conference and 100 Days of Safety Production Special Action Deployment Meeting", actively responded to the spirit of the meeting, strengthened safety production management, and laid a solid foundation for the annual safety production work.

3.Management improvement

3.1. February 24, 2025: Our company carried out a report meeting on open source and cost reduction, cost reduction and efficiency increase, aiming to improve the company's operational efficiency and market competitiveness. By optimizing resource allocation, reducing costs and other measures, the company's profitability will be further improved.

In February, BASR made remarkable progress in domestic and foreign business, safety production, and management improvement. In the future, we will continue to uphold the concept of "innovation, collaboration and win-win", continuously improve our strength and market competitiveness, and provide customers with better products and services. At the same time, we are also looking forward to working together with friends from all walks of life to create a better future!