698 Pure Iron: 76 Years of Glory Shines Upon the Great Rejuvenation

Seventy-Six Years of Tenacious Endeavor, Seventy-Six Years of Blossoming and Harvest

As the golden October blankets the Divine Land, we welcome the 76th anniversary of the founding of the People's Republic of China. At this historic moment of national celebration, all colleagues of Taiyuan 698 Pure Iron Co., Ltd., with immense pride and reverence, extend our most sincere birthday wishes to our great motherland! These seventy-six years of an arduous yet glorious journey have witnessed generations of Chinese sons and daughters, under the strong leadership of the Communist Party of China, writing a magnificent epic from standing up and becoming prosperous to growing strong, forging today's China—a land of splendid landscapes, thriving and at peace.

Seventy-Six Years of a Momentous Journey, Fortifying the Steel-like Spine of the Nation

Looking back on the path traveled, our hearts swell with emotion. From the initial period of national construction where everything needed to be rebuilt, to the surging tide of reform and opening up, and onto the grand blueprint of the new era, the development history of New China is a stirring saga of struggle. Throughout this journey, China's industrial system grew from nothing, transforming from weakness to strength, establishing the world's most comprehensive range of industrial categories. The iron and steel industry, truly the "Backbone of the Nation," has consistently served as a solid foundation supporting the national economy and defense construction. We remember that it was through the self-reliance and relentless exploration of pioneering national steel enterprises like TISCO and Ansteel during difficult times that laid the groundwork for China's current world status as a major steel producer. This spirit of perseverance, resilience, and continuous refinement has been deeply integrated into our nation's bloodline and has become the core belief upheld by Taiyuan 698 Pure Iron Co., Ltd. throughout our journey.

Rooted in the Present: 698 Serves Modern Industry with Sincere Dedication and Pure Iron

As a company specializing in the research, development, and sales of high-end pure iron materials, Taiyuan 698 Pure Iron Co., Ltd. is deeply aware of the mission it carries. The high-grade electrical pure iron, electromagnetic pure iron, raw material pure iron, and various customized industrial pure iron products we handle are indispensable key foundational materials for strategic emerging industries such as high-end equipment manufacturing, new energy vehicles, precision instruments, clean energy, and defense technology. Though they may be concealed within the "heart" or "nerve center" of equipment, they silently safeguard the autonomy, security, and reliability of the national industrial chain with their excellent electromagnetic properties, high purity, and stability.

Over the past year, Taiyuan 698 has steadily advanced amidst challenges and opportunities:

As a vital link connecting upstream leading mills and downstream high-end manufacturing, we deeply understand that the core of trading is not mere circulation, but precise matching and value creation based on professional knowledge. Over the past year, we have not settled for merely "selling products"; we are committed to becoming our customers' "Materials Application Consultant" and "Supply Chain Solution Provider."

• Professional Selection, Value Empowerment: We fully understand that different application scenarios place near-demanding requirements on the magnetic properties, purity, and processability of pure iron materials. Therefore, our core work involves conducting "precise diagnosis" and "selecting the best from the best" for our customers. Leveraging profound technical expertise and a rich product database, we can sift through complex grades and specifications to select electrical pure iron, electromagnetic pure iron, or raw material pure iron products that offer the highest performance match and optimal cost-effectiveness for our clients. For instance, in a project for high-efficiency energy-saving motors, by comparing the process characteristics and performance data from several top-tier mills, we successfully recommended a specific grade of electrical pure iron, enabling the customer to meet performance targets while effectively controlling overall costs, thus maximizing value.

• Forward-Looking Planning, Expanding New Market Frontiers: We keenly capture market trends and actively extend our service reach into strategic emerging fields. By deeply understanding the specific requirements for core materials in industries like photovoltaic inverters, energy storage systems, and new energy vehicle drive motors, we have shifted from passively waiting for orders to proactively providing customers with forward-looking pure iron material selection plans and performance evaluations. This year, our products and solutions have been successfully applied to the core components of several "Little Giants" enterprises (specialized, sophisticated, distinctive, and innovative SMEs) and prototypes for national-level R&D projects, helping customers gain a competitive edge in emerging sectors with our professional market insight.

• Service Deepening, Building Bonds of Trust: We firmly believe that exceptional service is a core competitiveness that transcends the product itself. Over the past year, we have dedicated ourselves to building a full-chain service system encompassing "pre-sales technical consultation and selection guidance," "in-process precision processing and efficient logistics," and even "post-sales usage follow-up." Our team can interpret complex performance reports for customers, provide technical support for incoming material processing, and ensure materials are put into production in their optimal state. This depth of service not only solves customers' urgent needs but also builds long-term, mutually trusting partnerships, transforming "698" from a supplier's name into a reliable professional symbol in our customers' minds.

"698" is not just a name; it is a promise—a commitment to the relentless pursuit of product quality, a commitment to rapid response to customer needs, and a commitment to making tangible contributions to national development.

Looking to the Future: Embarking on a New Journey to a Manufacturing Powerhouse

Standing at the new starting point of the 76th National Day, we are full of confidence in the future of Chinese industry. As the wave of a new technological revolution and industrial transformation surges, it places higher and more precise demands on foundational materials. Taiyuan 698 Pure Iron Co., Ltd. is prepared to answer the call of the times:

1. Focus on High-End Development: We will closely follow cutting-edge technological trends, focusing on developing ultra-high-performance pure iron and iron-based composite materials for applications in ultra-high-efficiency motors, high-end sensors, next-generation communication technology, and other fields.

2. Embrace Green Development: We will actively promote the low-carbon and environmentally friendly attributes of our products throughout their entire life cycle, assisting downstream industries in their green manufacturing transformation and contributing to the national ecological civilization建设.

3. Empower with Intelligence: We will explore integrating digital and intelligent technologies into supply chain management and customer service to enhance operational efficiency and precision service capabilities, growing together with our customers.

We will continue to uphold our original aspiration of "Serving the Nation through Industry," and with the persistence embodied in the spirit "Where sincerity reaches, even metal and stone can be split," we strive to make every piece of high-quality pure iron a solid foundation supporting "Made in China" as it reaches new heights.

Celebrating the National Day and Mid-Autumn Festival Together: 698's Holiday Notice

Coinciding with the connection of the National Day and Mid-Autumn Festival holidays, and to allow all employees to share in the glory of the nation and the reunion of family, the company has decided on the following holiday schedule for the 2025 National Day:

Holiday Period: Wednesday, October 1, 2025, to Wednesday, October 8, 2025, totaling 8 days.
Special Note: This extended holiday is a continuous break without the need for makeup work on adjacent weekends, aiming to provide everyone with a complete and relaxing vacation.
Friendly Reminder: All departments are requested to properly arrange pre-holiday work and safety checks.

During the holiday period, for urgent business matters, please contact us via the customer service hotline at 400-698-0073 or through your dedicated business assistant. We will endeavor to respond promptly.

Seventy-six years, the nation is in its prime; the journey of the new era is vast and magnificent. Taiyuan 698 Pure Iron Co., Ltd. once again extends our heartfelt wishes for our great motherland's prosperity and strength, and for the wealth and well-being of its people!

We will march forward with even higher morale and more steadfast steps, joining hands with the people of all ethnic groups across the nation, and strive unremittingly for the great rejuvenation of the Chinese nation!

— Respectfully Submitted by Taiyuan 698 Pure Iron Co., Ltd.