Dear shareholders, partners, colleagues, friends, and Sanfu family:

Chronological update, welcoming the new and setting sail. At this beautiful moment of bidding farewell to the old and welcoming the new, on behalf of the company, I would like to express our sincerest gratitude and best wishes to all the friends from all walks of life who have long cared for and supported us, as well as all the hardworking and selfless employees!

2024, Foundation building research, innovation driven
To cope with the harsh industry competition, innovation is the spear, breaking through the encirclement. In the past year, we have deepened the construction of our R&D platform, carried out technical cooperation with excellent research institutions, universities, and enterprises in the industry, and as the leading unit, undertaken the national level R&D project of "High Stability Green Electroplating Process Technology and Complete Equipment". We have been awarded the title of "Guangdong Provincial Enterprise Technology Center" and have continuously made breakthrough progress in promoting industry technology development, R&D achievement transformation, and other aspects.
To cope with the ever-changing market challenges, forge a sword with technology and create a new chapter. In the past year, we have rooted ourselves in the three basic sectors of general electroplating chemicals, electronic chemicals, and intelligent equipment, aiming at the new energy "track" and enhancing our core competitiveness. MSA environmentally friendly high-speed tin plating project has embarked on a technological journey to the world; High end electronic manufacturing processes such as PCB horizontal copper deposition and pulse copper plating inject strong momentum into domestic substitution; Carry out comprehensive cooperation with downstream leading enterprises in the field of high-end process technology such as glass substrates, covering investment research and development, supply chain collaboration, and industrial commercialization; The self-developed "one-step fully wet" composite copper foil preparation solution has achieved mass production and shipment, marking the budding achievements of the new energy track.
2025, time waits for no one, stride forward.

Against the backdrop of developing new quality productive forces, innovation and struggle remain powerful engines for high-quality development. Looking ahead, we will continue to strengthen our brand and platform construction, leveraging our advantages in research and development, channels, talent, and product systems to create industry benchmarks; Based on the three basic sectors of general electroplating chemicals, electronic chemicals, and intelligent equipment, consolidate advantages, obtain more industry leading customer certifications, and continue to explore overseas markets; Sprint on the new energy track such as lithium batteries and photovoltaics, seize opportunities, work together with more downstream manufacturing enterprises and leading battery manufacturers, promote vehicle validation, and enhance the terminal penetration rate of composite current collector batteries.

In the face of the rise of new business models such as AI, robots, and low altitude economy, as well as opportunities for China's new energy vehicle industry to change the world industrial landscape, we will adhere to green and intelligent manufacturing, leverage the synergies of the industrial chain, provide more new environmentally friendly surface engineering solutions, and help downstream enterprises achieve environmental protection and intelligent transformation; Persist in technological innovation, strengthen research and development capabilities, deeply cultivate high-end electronic processes, new energy and other fields, and contribute to industrial innovation.
The chill gradually fades away, and spring returns. Finally, I wish everyone a happy New Year, good health, and a happy family!

Guangzhou Sanfu New Materials Technology Co., Ltd
chairman
Shangguan Wenlong