Speech by Chairman of Baoding Tianwei Group Co., Ltd.

Dear shareholders, customers and friends,

Hello, everyone. First of all, on behalf of the board of directors and all employees of Baoding Tianwei Power Transformer Co., Ltd., I would like to express my sincere thanks to friends from all walks of life who have given us care and support in the development of Tianwei Power Transformer.

Since its establishment, Baoding Tianwei Power Transformer Co., Ltd. has always taken "industry serving the country and building a world-famous transformer company" as its own responsibility and strived to forge ahead in the fierce market competition. The company provides transformers, transformers and reactors of 1000kV, 750kV, 500 kV, 330kV, 220kV, 1 10kV and below for domestic and foreign markets. The products are listed in the national list of recommended manufacturers of major equipment for thermal power units, hydropower units and substations of 500kVMW and below. Passed the quality system certification of Zhonglian Certification Center GB/T 1900 1: 2000 and the production capacity certification of South African National Bureau of Standards (NETFA). The company has the right to operate import and export trade. Large thermal power unit transformers, nuclear power unit transformers and transmission transformers have been exported to more than 30 countries or regions such as the United States, Pakistan, Iran, Malaysia and Hong Kong. The exclusive production of 500kV transformer keeps the record of zero accident rate, and it has the exclusive supplier qualification to provide products and services for China Nuclear Power Station. All these have benefited from the advanced corporate culture that we have actively cultivated and formed, which has promoted the sustained and rapid development of the company; Thanks to the company's excellent management, technology and management team, as well as the excellent management, excellent products and excellent services provided by this team; Thank you for your concern, support and help.

Facing the future, we will continue to carry forward the Tianwei spirit of "self-confidence, self-improvement and pursuit of Excellence", with quality as the center, market as the guide, technological innovation as the driving force, and industrialization and international development as the direction. By building an interactive pattern of scientific research, development and market, we will further improve the core competitiveness of our products, make our main business stronger, make better achievements, repay shareholders and society, and pursue what we Tianwei baobian people are pursuing.