On June 1, 2022, Zhang Zhiyong, Executive Vice President and Secretary General of the China Foundry Association, Ma Hongru, Deputy Secretary General of the China Foundry Association, Li Huazhong, Deputy Director of the Development Department of the China Foundry Association, and a delegation of three were in Tangshan Town, He Yujin, Secretary of the Party Committee of Tangshan Town, Li Qing, Director of the Huantai County Local Financial Supervision and Administration Bureau, Zhang Zhiwei, Deputy Mayor of Tangshan Town Government, Wei Jingfen, Chairman of the Board of Zhong An United Investment Group Co., Ltd Accompanied by Zhang Yuecheng, Chairman of Shandong Zhihui Vermilion New Material Technology Co., Ltd., and other members of the company's management committee, they visited the factory one by one and had discussions. They also had discussions and exchanges with Chen Zhiyuan, a member of the county committee and deputy county mayor, on the development of the casting industry in the region.

At the symposium, Wei Jingfen, Chairman of Zhong'an United Investment Group Co., Ltd., stated that the current state strongly supports the real economy, and we are also studying the country's 14th Five Year Plan for the foundry industry. At a time of favorable weather, favorable terrain, and harmonious people, we take advantage of this restructuring spring breeze to strive to make every effort and restore the enterprise to its historical highest level in the shortest possible time. On this basis, through technological transformation and progress, we can truly lead enterprises to quickly reach a leading position in the industry as pioneers and leaders. Based on the current product and development plan of the enterprise, we will also build a high-end manufacturing new material industrial park in the future.

At the symposium, the Secretary of the Town Party Committee, He Yujin, stated that he would like to express his sincere gratitude to President Zhang and the leaders of the China Foundry Association for taking great risks during the epidemic and coming to the enterprise for guidance and guidance in the first time. As a party committee and government, he feels very happy. Due to issues with the guarantee circle recently, the current enterprise has encountered some difficulties in the production and operation process. From the perspective of the Party committee and government, we have also initiated bankruptcy reorganization work, which is currently being continuously promoted. Mr. Wei of Zhong'an United Investment Group Co., Ltd., as the restructuring party, has gradually entered the production and operation of the enterprise. On June 1st, the company management committee was officially established. Firstly, the production and operation aspects were quickly and steadily handed over to avoid new losses and customer churn. As the most professional association leader in the casting industry, we are honored to personally visit Zhihui Vermilion and provide the most professional guidance and guidance to the enterprise. In the next step, we also want to leverage the spring breeze of restructuring to engage in deeper cooperation with China Casting Association.

At the meeting, Zhang Zhiyong, Executive Vice President and Secretary General of the China Foundry Association, fully affirmed the company's transformation and upgrading work, automation equipment, and intelligent transformation achievements. He analyzed and elaborated in detail on the difficulties and problems faced by the entire industry at this stage, and provided detailed answers to the questions raised by Wei Jingfen, Chairman of Zhong'an United Investment Group Co., Ltd. And it is pointed out that as the only participating unit in the drafting and formulation of two national standards, "Metallographic Inspection of Vermicular Graphite Cast Iron" and "Vermicular Graphite Cast Iron Parts", Zhihui Vermicular Graphite Company needs to strengthen its confidence and overcome difficulties at present. Under the leadership of governments at all levels and local associations, actively explore the market, increase technological innovation efforts, and strive to create high-end and green industrial clusters. In the future, optimizing and upgrading the structure, taking the path of specialization, precision, new environmental protection and energy conservation, is the necessary path for the scientific development of Zhihui Vermilion and even most casting enterprises, and it is also the trend of the times!

Ma Hongru, Deputy Secretary General of the China Foundry Association, proposed the following aspects based on the actual situation of the company during the symposium:

Firstly, in the future, enterprises should pay more attention to innovative development. In the future, enterprises can rely on their own product characteristics and technological advantages in innovation and development, focusing on product qualifications, high-tech enterprises, and other related policies. Usually, it is not uncommon to summarize technological achievements, such as the "V method" process in China, but there are few equipment manufacturing enterprises in China that truly produce large object products like our company. We can conduct scientific and technological achievements evaluation within the industry, and after passing it, we can apply for some national level achievements in the future.

Secondly, vermicular graphite cast iron itself is our characteristic, and we should make good use of this advantage. In terms of total quantity, our company is currently one of the top in China. In the future, in terms of vermicular graphite cast iron and the "V method" process, various achievements can be considered for application, or some national and industry standards can be proactively formulated to further lead and lead the development of the industry. At the same time, we need to apply for more patents and pay attention to brand effect.

The third is to attach importance to environmental protection. After the enterprise reaches level B, it can reduce the adverse effects caused by weather changes on us. At the same time, efforts should be made to achieve A-level enterprises.

Next, Zhihui Vermilion Ink Company will take the 14th Five Year Plan of the foundry industry as a guide, take the opportunity of enterprise restructuring, actively expand the development channels of the enterprise, drive the future with "green", and assist the high-quality development of the enterprise.