On June 29, 2022, the launch ceremony of Zhong'an United Investment Group's entrusted operation of Zhihui Vermilion and the commencement ceremony of Hengchang Heavy Industry were held at Hengchang Heavy Industry. The ribbon cutting ceremony was attended by Chen Zhiyuan, member of the Standing Committee of the CPC Huantai County Committee and deputy head of the county, He Yujin, secretary of the Party Committee of Tangshan Town, Zhang Zhiwei, deputy head of the Tangshan Town Government, Bi Yujun, deputy director of the Tangshan Town Economic Commission, Wei Jingfen, chairman of China Security United Investment Group Co., Ltd., Zhang Yuecheng, chairman of Shandong Zhihui Wenmo New Material Technology Co., Ltd., Wang Jitao, director of the management committee of Shandong Zhihui Wenmo New Material Technology Co., Ltd Zhang Shengjun, Chairman of Shandong Hengchang Heavy Industry Machinery Co., Ltd., and others attended the launch and ribbon cutting ceremony of the custody operation.

The launch ceremony of Zhong'an United Investment Group's entrusted operation of Zhihui Vermilion Ink and the ribbon cutting ceremony for the commencement ceremony of Hengchang Heavy Industry were presided over by Zhang Shengjun, Chairman of Shandong Hengchang Heavy Industry Machinery Co., Ltd.

He Yujin, Secretary of the Party Committee of Tangshan Town, pointed out in his speech that the entrusted management of Zhihui Vermilion by Zhong'an United Investment Group is not only a grand event for the Phoenix Nirvana of Zhihui Vermilion, but also a major event for revitalizing the economic and social development of Tangshan Town. Promoting high-quality development of enterprises is the fundamental requirement for current and future companies to determine development strategies and make business decisions. In the future, under the leadership of Chairman Wei Jingfen of Zhong'an United Investment Group and the joint efforts of all party members, cadres, and employees, we hope that the enterprise will continue to innovate and develop green, seize development opportunities, improve development momentum, and achieve synchronous growth of enterprise scale and efficiency. At the same time, we will continuously enhance the core competitiveness of the enterprise and create a truly "Zhihui vermicular ink high-end intelligent casting material industrial park" that belongs to our vermicular iron people.

Wei Jingfen, Chairman of Zhong'an United Investment Group, pointed out that today we are standing at a new starting point. Firstly, we must closely rely on market laws, follow modern enterprise system requirements, focus on market development and product quality, while reducing costs and achieving good economic benefits. The second is to closely rely on technological innovation, technological innovation, and product innovation to maintain a good development momentum for enterprises. Fully mobilize the work enthusiasm and initiative of employees, and maximize the value of the enterprise, shareholders, and individuals. The third is to firmly seize the major opportunities for the development of the real economy in the country, hold high the banner of strengthening management and technological transformation, push enterprises onto a healthy development track, and create new brilliance for Zhihui Vermilion and Hengchang Heavy Industry. At the same time, with strong support from governments at all levels, it is necessary to continuously strengthen technological transformation, innovation, and product innovation, and create a high-end intelligent casting material industrial park for Zhihui vermicular ink, making due contributions to the development of the local economy.

Subsequently, the main leaders of the county and town, as well as the company leaders, cut the ribbon for the construction of Hengchang Heavy Industry and visited the factory area.

Looking back on the past and reminiscing about the present, with countless emotions; Looking ahead, there is a long way to go. Zhihui Vermilion will be guided by the 14th Five Year Plan of the foundry industry, take the opportunity of enterprise restructuring, drive the future with "green", and with Nirvana determination, reshape the trend of high-quality development. We will make every effort to build a high-end equipment manufacturing cluster of Zhihui Vermilion, assist enterprises in high-quality development, and contribute to the high-quality development of Huantai's economy and society.