On May 9, 2023, Wei Jingfen, our chairman, accompanied Chen Zhiyuan, member of the Standing Committee of the CPC Huantai County Committee and deputy county head of Shandong Province, He Yujin, secretary of the Party Committee of Tangshan Town, and Zhang Tianzhong, director of the Huantai County Bureau of Industry and Information Technology, to visit Cummins (Beijing) Mechanical and Electrical Equipment Co., Ltd. (hereinafter referred to as "Cummins") to discuss the introduction of enterprises. Cui Dianji, deputy secretary of the Party Committee of Tangshan Town, Zhang Zhiwei, deputy mayor of Tangshan Town, Wang Jitao, CEO of Shandong Huida Vermilion Equipment Co., Ltd., a subsidiary of China Security United Investment Group, and Zhang Yuecheng, senior consultant attended the event together.

Cummins (Beijing) Electromechanical Equipment Co., Ltd. was established in 2003, specializing in the application research and development of solid waste recycling in the environmental protection industry. The company's predecessor was a Spanish enterprise. After entering China in 1998, it continuously innovated and developed new solutions suitable for the domestic solid waste recycling field. In 2015, it completed a 100% equity acquisition and became a purely domestic enterprise. Cummins specializes in mud and water separation equipment, solid-liquid separation equipment, and slurry preparation equipment, pioneering green construction in municipal construction and environmental reuse of tailings. It has made breakthrough progress in the field of solid waste reuse and municipal construction pollution discharge in China and is a pioneer and leader in the field of solid waste reuse.

The leader of Huantai and his delegation visited the headquarters of Cummins. Firstly, they went deep into the production workshop to inspect the production and operation status of the enterprise, gain a detailed understanding of the product layout, market sales status, and development prospects of the enterprise. Afterwards, they had discussions with executives such as Cummins Chairman Chen Zhenjun.

At the meeting, Chairman Chen Zhenjun welcomed the visit of all leaders, introduced the company's development history and project advantages, and said that with the gradual expansion of the enterprise's development scale, he hoped to locate Cummins branch in Huantai County. After listening to the demands of enterprises, Chen Zhiyuan, Deputy County Mayor of Huantai Standing Committee, stated that he will provide full policy support to enterprises and assist them in landing in Huantai. Wei Jingfen, our chairman, pointed out that the current business environment in Tangshan Town, Huantai County is excellent, the transportation is convenient, and the land and human resources are abundant, which is very suitable for investment and business. He hoped that Cummins could cooperate with Huida Worm Ink Equipment Co., Ltd. after its landing, and jointly contribute to the high-quality development of the local economy.