On May 23, Mr. Anders, CEO of Swedish LKAB Mining Company Likuang Trading (Shanghai) Co., Ltd., came to our company for an inspection. The purpose of this trip was to discuss cooperation with our company.

At 8 o'clock in the morning, Mr. Anders, accompanied by our general manager Cheng Sheng, inspected our quality inspection control center, pump branch, rubber products branch, machinery manufacturing branch, and rubber mixing workshop. And inquire about the production process of various products in detail. When he came to the side of our product 550 slurry pump, Mr. Anders also took a group photo with the slurry pump with great interest. After a detailed inspection, Mr. Anders spoke highly of our factory's appearance, site management, quality control, and R&D capabilities, and listed our company as a qualified supplier. The next step will be the product trial stage. This inspection provided a good opportunity for our company to reach a strategic partnership with Likuang.

It is understood that Swedish LKAB Mining Company is the sixth largest iron ore producer in the world and the largest iron ore producer in Europe. Most of its products are pellets, and the iron ore produced mainly meets the needs of the European market. Due to the large amount of procurement from China, in order to improve procurement efficiency, in early 2011, LKAB Mining Company set up Likuang Trading (Shanghai) Co., Ltd. in Shanghai.