2017 New Year‘s Speech by the General Manager of the Company

2016 is a very challenging year for us Yongfenghong. In this year, we Yongfenghong have also experienced too much, and everything seems to suddenly make everyone helpless. The rising raw materials, rising labor costs, and the cold current of the global economy have all hit the market unexpectedly, which makes many enterprises, especially manufacturing enterprises, in a dilemma.

In this situation, we, Yongfenghong Company, braved the wind and rain, and marched through 2016 with great pride. In this year, we overcame difficulties all the way. "The road is long, and I will seek from top to bottom." We are not afraid of difficulties. I believe that Yongfenghong‘s team will make more efforts to meet the products required by customers in the new year.

The vicissitudes of life show our heroic nature, and overcoming difficulties proves that we Yongfenghong people are a team of one heart and one mind, capable of recruiting and fighting well. Therefore, on behalf of Yongfenghong, I would like to express my heartfelt thanks to all customers! I would like to express my heartfelt thanks to our suppliers and partners who have shared weal and woe! I would also like to express my heartfelt thanks to all the hardworking staff friends and friends who pay attention to the development of Yongfenghong! No matter how strong Yongfenghong will be in the future, we will never forget our brothers and sisters and our respected partners!

As we all know, Yongfenghong Hardware Factory and Science and Technology Company were born in 1996 and 2008 respectively. After years of hard work of Yongfenghong people and the grasp of the opportunity, from today‘s several machines to today‘s rise, a capable team has been formed. Today, the scale and nature of the enterprise have changed. We not only have the basis of hardware manufacturing, but also have entered the die casting manufacturing industry and are satisfied with it, It has been transformed from a self-employed enterprise to a sole proprietorship enterprise. Today‘s enterprise team, every employee of our enterprise, and more trust from customers are inseparable from the joint efforts of our partners. Not only that, the vision of the enterprise is to extend and establish a one-stop business of hardware manufacturing. The values of enterprises have also expanded from simple economic benefits to word-of-mouth effects.

I hope Yongfenghong can really become everyone‘s home, unite everyone, and make the enterprise become everyone‘s value refuge and spiritual home. Only when there is a country can we have everyone, and only when there is everyone can we have our small home. Small families, people and countries are connected. Products, enterprises and services are always at the heart, so as to truly achieve sustainable operation and enterprise longevity.

Looking forward to the new year, we are still full of pride. First of all, we should seriously deal with the current growing financial crisis. National leaders have also stressed on different occasions that "confidence is more important than gold and currency". "When the financial and economic crisis comes, the confidence of entrepreneurs is particularly important, the confidence of the people is particularly important, and the confidence of national leaders is also particularly important.". China has huge market potential, rich human resources and the ability of independent innovation. It is reasonable to believe that under the strong and correct leadership of the government, we will be able to overcome the crisis and restore confidence in domestic economic development. Winter is inevitable in life! It is not necessary to be pessimistic when you are frustrated, nor to publicize when you are proud. It is not important whether winter will come or not. What matters is whether we have prepared cotton padded jacket and food. Only by "taking precautions" to prepare for winter food and cotton padded jacket is the most important, so as not to be passive. There are challenges and more opportunities in the crisis. The crisis is not terrible, but the enterprise is really terrible without preparation. At a time when the domestic environment is unfavorable and the advantage of low labor cost is gradually lost, transformation and upgrading will bring unforgettable pain. We, Yongfenghong, must face this challenge directly, ask for benefits from cost control, and compete for the market from quality assurance - to obtain new impetus for development through production cost control, reduce operating costs through management system innovation, and win new market space through product innovation. "Cost control, quality assurance and considerate service are the fulcrums to overcome this storm", which is not only a slogan, but also indicates a magnificent phoenix nirvana.

Winter is coming, and the yearning for spring is becoming clear. We should see the opportunities and strategic turning opportunities hidden in the fog of risks, seize them and make use of them. Both crisis and opportunity, we are still confident about the long-term hardware manufacturing demand in the future, although the current manufacturing industry is gradually exposed by the cold current. In the period of economic turbulence, it is a major reshuffle of industry enterprises. Enterprises that can adapt to this changing environment and cope with it calmly can withstand the pressure, test, and wind and rain, and will probably realize the transformation of enterprises. Become stronger after the baptism of wind and rain!

In 2017, Yongfenghong will continue to focus on customers, build a product advantage with guaranteed quality and competitive cost, and provide customers with valuable and profitable services. In terms of products, we will be committed to improving its quality and cost competitive advantages, so that customers can more feel our people-oriented product philosophy, and push the perfect combination of quality and price elements to the extreme! In terms of service, we will continue to improve the internal management system and provide the best service in all aspects! We should also strengthen our physical fitness, cultivate both inside and outside, seek advantages and avoid disadvantages, strengthen internal harmony, constantly enrich the company‘s internal affairs, standardize management, and further consolidate the foundation. Let‘s do a good job in the following aspects in 2017:

1. Reduce costs and improve work efficiency.

2. Select the appropriate strategic path and type to adjust the market structure.

3. Innovative thinking. Accelerate the research and development of new products and stabilize customer resources.

4. Tamp the foundation. Improve the management level of enterprises and enhance their comprehensive competitiveness.

5. Improved equipment. Reduce labor costs, ensure quality, and provide customers with more competitive products.

6. Strengthen the construction of production management team. Excellent production management team is the basis of the core competitiveness of products.

In 2017, we will continue to reform the old and reform the new, and make a steady transition. In the shadow of the spread of the global economic crisis, we will start again with heroic spirit!

Finally, I wish the brothers, sisters and partners of Yongfenghong a happy family, good health, happy work, extensive financial resources and a happy New Year!