Mao Tu bid farewell to the old year with honor, while Chen Long congratulated the new year with blessings. The bell of the Lunar New Year is about to ring. On this occasion of national celebration and family reunion, on behalf of the company's party committee, I would like to extend sincere greetings and best wishes to all cadres, employees, and their families, as well as to leaders, partners, sister enterprises, and all sectors of society who care about and support the reform and development of CITIC Titanium Industry! To the vast number of cadres and employees who still stick to their posts during the Spring Festival, we express our sincerest gratitude and highest respect! Good New Year everyone!

Those who share the same desires win, and those who work together in the same boat win. Looking back on 2023, there were risks of crossing the beach, difficulties of climbing hills, and challenges to overcome. Faced with unprecedented difficulties and challenges, CITIC Titanium Industry has demonstrated strong business resilience. With countless touching voices and heartwarming stories of the titanium industry, it deeply interprets the perseverance and love of titanium industry people.We feel the power of ideas together，continuously promote the study, dissemination, and implementation of the spirit of the 20th National Congress of the Communist Party of China，solidly carry out the theme education of studying and implementing Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era.We plan major events together，we conducted in-depth analysis on market environment trends, industry competition patterns, production and operation strategies, and implementation paths, and completed the adjustment of strategic planning for the next three years.We will overcome difficulties and bottlenecks together，applied for 6 invention patents, authorized 3 invention patents, and approved as a national intellectual property advantage enterprise. Signed 5 industry university research cooperation projects with key domestic universities, continuously consolidating the foundation for high-quality development. The foundation for development is constantly being consolidated.We jointly strengthen the responsibility of state-owned enterprises，为To contribute to economic and social development, we must persist in making real efforts in "expanding upstream, stabilizing downstream, and strengthening ourselves", and continuously improve the resilience and security level of industrial and supply chains.We work together to build a harmonious home，the practical events related to employees' livelihood have been implemented, and employees have gained more happiness and security, leading to the company's upward and positive development.

The new story suggests that the sun never stagnates. 2024 marks the 75th anniversary of the founding of the People's Republic of China, the 45th anniversary of the establishment of CITIC Group, and the beginning year for CITIC Titanium Industry to comprehensively promote the implementation of the adjusted strategic plan. It is also the decisive year for winning the battle to turn losses into profits. We must resolutely implement the spirit of the annual work conference of CITIC Group and Metal Group, adhere to the core business philosophy of "customer, reputation, cost, and efficiency" without wavering, maintain the "two legged approach" of differentiated transformation and upgrading and full process cost reduction and efficiency improvement, comprehensively improve the level of enterprise management, and strive to write a new chapter of high-quality development for the company with a more proactive work style.

Mountains and rivers are vast and fearless of long roads. We are well aware that the road ahead is not smooth sailing, and the glorious crown is always woven from thorns. Building a high-quality titanium dioxide enterprise that is "the best in China and world-class" is a climb without any retreat, and requires continuous improvement. Let us have confidence and fearlessness in challenges, and with innovative thinking, determination to overcome obstacles, and practical work style, create a better tomorrow for CITIC Titanium Industry!

Wishing the great motherland peace and prosperity!

Wishing CITIC Titanium Industry continuous progress, innovation, and vigorous development!

Wishing all employees a long and prosperous future!