From August 2 to August 4, 2022, Wei Jingfen, the chairman of the joint management leadership of Zhong An, Liu Weihua, the executive deputy general manager, together with Zhang Yuecheng, the chairman of Shandong Zhihui Vermo New Material Technology Co., Ltd., and Wang Jitao, the director of the management committee, held a symposium in Beijing with Sun Kaiwen, the former general manager of sales of Maanshan Iron and Steel Co., Ltd., leaders of China Foundry Association, China Steel Research Institute, and expert leaders of China Railway Materials Group, Discuss the important issues related to the lifeblood of the enterprise, such as product upgrading and sales, national policies, talent reserves, and development planning after the reorganization of Zhihui Worm Ink Restructuring.

On August 2 and August 4, 2022, we discussed product sales and future production strategies with Sun Kaiwen, the former sales general manager of Ma'anshan Iron and Steel Company. We also discussed with China Railway Materials Group on heavy truck braking, wind power, and subway braking products, and reached a common development consensus.

On the morning of August 3, 2022, I went to visit President Zhang Libo and Executive Vice President Zhang Zhiyong of the China Foundry Association. President Zhang first welcomed our company and then introduced the historical achievements and basic information of the association. Chairman Wei Jingfen stated that he will actively participate in the association's activities, sort out internal patents, and strive for environmental protection and innovation; Develop group standards, actively upgrade products, and establish a strategic partnership between the two parties. We hope to receive guidance and support from the association in terms of vermicular graphite casting, high-speed rail brake disc technology demonstration, and project feasibility. Vice President Zhang proposed four guiding opinions for our company: firstly, to do a good job in top-level design and formulate the company's development strategy; 2、 Building a corporate brand and preparing for listing; 3、 Understand the advantages and functions of the association, and actively maintain communication with the association; 4、 Make good use of the postdoctoral town platform, cultivate targeted talents, solve the problems of the enterprise itself, and connect with the industrial park.

On the afternoon of August 3, 2022, I went to China Steel Research Institute to have a discussion with Professor Wang Minqing, Professor Yan Ping, Professor Li Juntao, Dr. Xiao Jinfu, Professor Zhao Ping of Qingdao University of Science and Technology and other experts in casting metallurgy. Experts have proposed many technical improvement plans for the research and development of new materials and products for vermicular graphite cast iron and super steel. Professor Wang pointed out that on the basis of stable development of vermicular ink technology, four key issues should be focused on: firstly, based on the future positioning of the product, while searching for replaceable old materials and exploring new markets, targeted material promotion and market cultivation should be carried out; 2、 Participate in the China Foundry Conference and showcase our products on larger platforms, enabling our company to enter the second stage of development; 3、 The process of casting steel is different from that of vermicular graphite cast iron, and requires professional personnel (in terms of materials, technology, market, etc.) to reserve; 4、 If you want to replace imported products from abroad, you can reverse the casting process based on the target product.

The restructuring of Shandong Zhihui Vermilion New Material Technology Co., Ltd. aims to keep up with the development of the times, respond to national policies, actively grasp leading technologies, adjust product structure, formulate enterprise development strategies, strive to form a high-quality team throughout the research and development, production, sales, and management chain, and assist in the high-quality development of the enterprise.