Guirong Company's 2024 Annual Summary and Commendation, as well as the 2025 Spring Festival Annual Meeting, have come to a successful conclusion

On January 10, 2025, Guilin Power Capacitor Co., Ltd. (hereinafter referred to as "Guirong Company") held its 2024 annual summary and commendation ceremony, as well as the 2025 Spring Festival annual meeting, with the theme of "Adhering to the original intention, forging new horizons, and shaping the future" at the Jade International Hotel in Guilin. More than 360 company leaders, cadres, employees, and invited guests gathered together to celebrate the grand ceremony.

(Photo of the conference venue)

Time trajectory, inspiring progress

The curtain of the conference kicked off as all attendees watched the 2024 Guirong Chronicle video titled "Concentrate and Work Together, Write a New Journey and Glory with Innovation and Practice - Salute to the Passionate and hardworking Guirong People". This video documents a year of challenges and opportunities coexisting, sweat and glory intertwined among the people of Guirong. Thanks to the efforts of all employees, Guirong has achieved its annual business goals. Salute to every lovely Guirong person who has worked hard with passion in ordinary positions, persevered without regrets in high heat and cold, and stood firm under the call of duty without hesitation!

(Reviewing the Major Events of Guirong in 2024)

Make plans before taking action, work diligently to achieve long-term goals, accumulate wealth and make progress

At the beginning of the meeting, Mr. Wang Yi, the general manager of the company, released the "Guirong Company 2024 Work Summary and 2025 Business Plan". Looking back on 2024, under the correct leadership of the company's board of directors, the management team led all employees to follow the company's long-term development strategy and annual business plan, adhering to the main theme of "big integration, big leap, big development", closely focusing on the business policy of "market development promotes development, technological innovation strengthens the brand; operation quality ensures delivery, and all staff learn from the unified ideology", achieving frequent market successes, diverse technological innovation highlights, and efficient operation to ensure delivery.

In the new year, Guirong will expand its product categories, expand its market, and open up new growth curves across industries. It will deepen its traditional business, explore incremental markets, and strive for steady progress in management. It will implement the business policy of "striving for breakthroughs in market technology, improving quality to establish a solid foundation; operating in compliance to maintain stable growth, and continuously learning and strengthening its thinking", and strive to write a new chapter for Guirong's rejuvenation!

（Mr. Wang Yi, the General Manager of the company, released the "Work Summary for 2024 and Business Plan for 2025 of Guirong Company"）

Sign the responsibility letter, issue the letter of mission, set the goal, and achieve the mission

Next, the management team will lead all employees to effectively carry out relevant business work in accordance with the company's goals and requirements, strengthen their sense of responsibility, work hard, ensure that tasks are not reduced and goals remain unchanged, and make every effort to ensure the achievement of the company's business goals.

Based on the annual core theme of the General Manager's work report, the company has proposed six core tasks and issued and awarded them in the form of a management team responsibility letter. At the meeting, the general manager and members of the management team signed responsibility agreements for the 2025 targets, insisting on speaking, writing, and fulfilling the responsibilities of work tasks.

(General Manager Wang Yi and members of the management team sign a 2025 target responsibility agreement)

Commending the advanced and inspiring spirit, gathering together and setting off again

The heavy snow pressed down on the green pine trees, which stood tall and straight. In the face of difficulties in 2024, the people of Guirong are brave enough to become green pine trees, and many excellent teams and individuals have emerged on various fronts. At the meeting, the company commended the teams and individuals who have shown outstanding performance in 2024 and thanked them for their contributions to the company's development. This is not only an honor, but also a responsibility and commitment to continue to develop together with the company in the new year.

(Commendation photo)

During the meeting, Mr. Hu Mingcong, founder, shareholder, and president of Guangzhou Baiyun Electrical Equipment Co., Ltd., provided on-site empowerment. While highly appreciating the business achievements of Guirong Company in 2024, he also hoped that Guirong people would closely focus on the theme of "adhering to the original intention, forging new horizons, and shaping the future" under the guidance of DaBaiyun's grand strategic policy, uphold the original intention, keep up with market demand, continue to innovate, deepen integration into the DaBaiyun system, improve risk prevention and control system, use mechanisms to build core competitiveness, forge ahead with determination, and cultivate a new generation of iron warriors. We will continue to maintain a positive and upward spirit, strengthen learning, enhance skills, dare to take on responsibilities, closely focus on national strategies, grasp industry development trends, accelerate the transformation and upgrading of the company, and strive to achieve high-quality development of the company.

(Mr. Hu Mingcong, CEO of the shareholder representative company, delivers a speech)

Farewell to the old year with laughter and joy, welcome the new year with excitement and variety

With laughter and joy, we bid farewell to the old year, and with songs of joy, we welcome the new year. On the occasion of the Spring Festival of the Year of the Snake in 2025, in order to stimulate employees' creativity, enhance team cohesion, strengthen team centripetal force, and showcase the new atmosphere of the new year for employees, the annual meeting also arranged employee style exhibitions - cultural performances, dinners, lucky draws and other activities. At the meeting, the employees shone brightly, and the cultural performance was spectacular; The dinner was warm and joyful, with everyone raising their glasses and drinking to discuss the future together; There was also a lucky draw segment, with surprises coming one after another, pushing the lively atmosphere on site to a climax. Finally, the dinner came to an end with the melody of 'Unity is Strength'.

Surpassing the unseen with foresight, breaking through shackles with struggle. All beautiful blueprints are made with one move at a time, pieced together day and night. As the final year of the 14th Five Year Plan, the people of Guirong will embrace change with a more open attitude, meet challenges with a more vigorous fighting spirit, continue to innovate, and act diligently, contributing to the realization of Guirong's century long history and the high-quality development of the power industry!

（Photo Display - Artistic Performance）

（Photo Display - Lucky Draw）