On July 16, 2023, Fan Xiaoyang, deputy mayor of Tengzhou City Government of Shandong Province, Xu Jun, Party secretary and chairman of Tengzhou Xinhua Investment Group, Liu Hao, deputy general manager of Tengzhou Xinhua Investment Group, chairman of Shandong Xinhua Financial Investment Holding Company, and Gaisu, general manager of Guoxin Guoxin Investment Management Co., Ltd. visited our Hebei Langfang demonstration production base.

The technical person in charge of our company reported the project progress and technical achievements of plant hollow capsules to the visiting leaders, and brought the visiting leaders to visit the production process. During the visit, the visiting leaders said that the plant hollow capsule project has multiple industrial attributes such as import substitution, biomedics, new materials, and carbon emission reduction, and has great market prospects.

It is reported that Tengzhou is located in the southwest of Shandong Province, the country's top 100 counties ranked 19th in GDP, is vigorously promoting the development of the new pharmaceutical industry chain with the focus on "biomedicine" and "intelligent medical devices", has introduced more than ten well-known enterprises such as Yikang Pharmaceutical, Weizhi Pharmaceutical, Huajiehao.

Tengzhou Xinhua Investment Group is a municipal level state-owned enterprise, with investment and asset management as its main business, and carries out investment, equity participation and acquisition of projects. The total value of the company's assets is more than 30 billion yuan.

Guoxin Securities Investment Management Co., Ltd. is a wholly-owned subsidiary of Guoxin Securities Co., LTD., with a registered capital of 531 million yuan, manages 12 stock private equity funds, and the paid-up scale is about 2.1 billion yuan. It is an important platform for Guoxin Securities to carry out equity investment business through raising funds.

Finally, Fan Xiaoyang, vice mayor of Tengzhou City Government, highly recognized the plant hollow capsule project of our company and invited us to Tengzhou for investigation and research. In the future, give full play to the technical advantages and first-mover advantages of Tsuen Jikang, and the two sides will work together to promote the high-quality innovation and development of the new pharmaceutical industry.