2020 is destined to be an extraordinary year. On the sunny day of August 31, we finally ushered in the long-awaited groundbreaking ceremony for the third phase of the Changshan Industrial Park construction project. Mr. He Xianhan, Chairman of the Board of Directors of FerroTec (China), Representative Director of Japan Magnetic Technology Holdings Co., Ltd., attended today's groundbreaking ceremony. Also invited to participate in the ceremony were Mr. Pan Xiaohui, Secretary of the Changshan County Party Committee, Ms. He Jian, Executive Vice Mayor of the County Party Committee, Mr. Jiang Guangming, Director of the County Party Committee Office, Mr. Zhou Libing, Director of the County Economic and Technological Development Zone Management Committee, and Mr. Tu Xiaoming, Director of the County Economic and Technical Cooperation Center . Also present at the ceremony were Mr. Bao Youwei, general manager of Hangzhou Dahe Thermo-Magnetics Co.,Ltd., Ms. Dong Xiaoping, deputy general manager of Hangzhou Dahe Thermo-Magnetics Co.,Ltd., and Mr. Wang Yijun, vice chairman of Zhejiang Xiandao Precision Machinery Co., Ltd. There are more than 100 employees.

    The groundbreaking ceremony officially started at 9:28 in the morning of the same day. General Manager Bao Youwei extended a warm welcome to all the guests and all employees who attended the ceremony! He pointed out that our Changshan Industrial Park has completed the construction of 78 acres of land. The third phase of the project is located on 22 acres of vacant land on the west side of the industrial park, with an estimated investment of 240 million yuan. After completion, the total construction area will reach 53,860 square meters, forming two major product clusters: one is the supporting components for integrated circuit/high-end chip manufacturing, one of the national strategic emerging industries, including fire processing, cold processing precision quartz devices and semiconductor equipment Use precision robotic hand parts, large cavities and other products; the second is thermoelectric semiconductor refrigeration devices and application products. After it is fully put into production, it will achieve an annual production scale of more than 1 billion yuan.

    Chairman He said at the ceremony that we have carried out three groundbreaking and completion ceremonies in Changshan, introducing precision vacuum technology products, semiconductor precision quartz products, and our thermoelectric products. Chairman He pointed out that the purpose of starting construction this time is to make our business bigger and stronger in Changshan, and hope that the government can give us greater support and help. I also hope that the employees who enter our company will have a sense of honor and pride. If we do not advertise, the applicants will also flock. The goal of 1 billion yuan next year still needs to work, but this is only the starting point, not the end. We will continue to do a good job in the research of semiconductor-related basic materials in Changshan, a hot land, so that our company will become better, stronger, and continue to grow.

    Standing Committee Member He Jian pointed out in his speech that Changshan Industrial Park has maintained a rapid development momentum, especially under the dual impact of the epidemic this year and the external environment, bucking the trend, with a year-on-year growth rate of more than 100%. The five-year development of the industrial park has also cultivated numerous technical talents such as precision numerical control and quartz product processing for Changshan, and competed for awards in various competitions at home and abroad, allowing the world to continue to understand and appreciate the beautiful Changshan. The Changshan County Party Committee and the county government will continue to be good “shops” and “waiters” to support all kinds of enterprises including Ferrotec Changshan Industrial Park to seek greater development, and to do business well. She believes that as long as we unite and work hard, the future of Ferrotec Changshan Industrial Park will be more brilliant, and the high-quality development of Changshan's industrial economy will be more hopeful.

    Finally, Secretary Pan announced the start of the construction of the third phase of the Changshan Industrial Park project for us! Later, the members of the rostrum moved to the cornerstone area to cultivate soil and took photos as a souvenir.

    The start of the construction of the third phase of the Dahe Thermal-Magnetics Changshan Industrial Park marks that we have entered another stage of rapid development. I believe that under the care of the Changshan County Party Committee and the county government, and under the leadership of Chairman He, our Changshan Industrial Park will surely develop and grow. , And look forward to renewing its glory at the completion ceremony of the third phase of the project.