On March 23rd, Huayou Cobalt's 2024 Cadres Conference was convened at the headquarters in Tongxiang. Group Chairman Chen Xuehua delivered an address titled Reinforce Technological Innovation and Propel Management Transformation, Strive Resolutely to Fulfill Annual Objectives and Undertakings! at the conference. The cadres conference was presided over by Chen Xiaolin, Vice Chairman of Huayou Holding Group.

Chairman Chen explicated that 2024 is a pivotal year for the corporation's transformational progression, a year to profoundly consolidate strategic orientation, and a year to advance the realization of the ten-year task, five-year completion. This year's cadres conference amalgamated the holding group and the listed entity with the intent to further ingrain the spirit of the corporation's annual assembly, delineate annual objectives and undertakings, implement the prerequisite of seeking advancement while maintaining stability and pursuing excellence while making progress, promulgate the indomitable spirit of self-strengthening and the pursuit of excellence inherent to Huayou, rally and lead the extensive cadres and personnel to strive resolutely towards fulfilling the annual objectives and undertakings, seek advancement while maintaining stability and pursue excellence while making progress, and resolutely catalyze the high-quality development of the corporation with unwavering confidence.

In his address, Chairman Chen comprehensively recapitulated and conducted an in-depth analysis of the industrial landscape and the challenges and risks confronting the corporation. Grounded in the annual work's guiding ideology, he proposed the "dual-engine propulsion" of technological innovation and management transformation. All functional departments and industrial groups within the corporation must emancipate their mentalities, uphold integrity and innovation, resolutely translate the corporation's management philosophies into paramount undertakings, amalgamate with pragmatic realities, fortify fundamental management, streamline accounting units, construct ultimate manufacturing, optimize organizational structures, seek advancement while maintaining stability and pursue excellence while making progress, to ensure the corporation's sustainable and high-quality development.

"In corporate operations and progression, demand is the paramount priority, cost is the most crucial, and competition is the most critical." Neither time nor space await. Chairman Chen urged all organizations and cadres at every echelon to maintain contemporaneity, striving to adapt to the corporation's novel phase of development. They should become pragmatists of technological innovation, willing practitioners of management transformation, expedite the development of novel productive forces, and continually sculpt novel advantages and novel propulsions for development, striving resolutely to fulfill the annual objectives and undertakings. Commencing from this spring, we shall not squander the spring and march forward, towards the corporation's resplendent tomorrow.

President Chen Hongliang promulgated the Huayou Cobalt 2023 Outline for Ideological and Cultural Construction on behalf of the corporation. The outline unambiguously indicated that, confronted with the severe industrial situation and intricate operational environment, we must adhere to the " Three in One" transformational development, firmly uphold the "two new materials of lithium battery and cobalt superalloy, as well as high end products, industrial integration and internationalization of operation" strategic orientation, expand upon the achievements of the " ten-year task, five-year completion", resolutely propel the corporation's high-quality development with unwavering confidence, demonstrate greater feats in high-quality development, and endeavor to construct a scientific, green, and open Huayou, consolidating Huayou's century-spanning foundation, and propelling the corporation towards achieving high-quality development!

Wang Jun, Senior Vice President of the Group, delivered the Work Arrangement Report on the Implementation of the 2024 Business Goals and Tasks, systematically expounding on the corporation's multifarious business objectives and paramount undertakings for 2024. Furthermore, he put forth lucid management philosophies and methodologies for streamlining accounting units, fortifying independent accounting, implementing operational responsibilities, and executing various paramount undertakings and obligatory tasks.

Zhou Qifa, Vice President of the Group and the head of the Human Resources Management Center, delivered the "2024 Cadre Management Work Arrangement Report".

"The construction of the cadre contingent is a paramount undertaking for the corporation to achieve high-quality development and ten-year task, five-year completion." The report, grounded in an in-depth comprehension of the spirit of the corporation's annual work conference and in amalgamation with the prevailing quandaries in cadre management work, proposed a work plan and arrangement of "one guiding principle, two invigoration initiatives, three major objectives and nine measures" for the 2024 cadre management work. It mandated leaders of all units to attach paramount importance to fortifying fundamental management, scientific team edifice, and invigorating the vitality of cadres, in order to construct a cadre contingent that is "capable and outstanding, able to engage in combat and audacious to fight" and can emerge victorious in battle, propelling the "ten-year task, five-year completion" to unprecedented heights!

Xi Hong, General Manager of the Group's Audit and Supervision Center, conducted a specialized education session on Integrity, Compliance, and Safeguarding Development.

The conference additionally held a collective oath-taking ceremony.

The corporation's deputy director-level and above leaders, paramount cadres from various industrial groups and headquarters functional departments, representatives of university students, doctoral candidates, and other designated personnel attended this meeting. In addition to the main venue in Tongxiang, cadres from sub-venues in Quzhou, Yulin, Tianjin, Beijing, Chengdu, Nanjing, the Democratic Republic of the Congo, Zimbabwe, Indonesia, South Korea, and Hungary witnessed and received the live broadcast of the conference.