In late July this year, our company successfully completed the public announcement and approval of the "R&D and Industrialization of High-Efficiency, High-Grade Waste Heat Recovery System for Coke Oven Ascension Pipe Raw Gas" project. This major industrial innovation initiative was submitted for the 2018 Jiangsu Provincial Sci-Tech Achievement Transformation Special Fund. The application process began in March and involved four months of meticulous preparation, rigorous document reviews, on-site inspections, and expert evaluations before final approval.

The project embodies years of dedicated R&D efforts by our company, with strong cross-departmental collaboration during the on-site assessment. Moving forward, we will leverage this achievement as a catalyst to align scientific research with industrial development. By capitalizing on our brand strength, technological expertise, talent pool, and operational scale, we will accelerate the transformation of major scientific achievements into tangible productivity. This will foster tighter integration between innovation and industrial growth, providing robust support for advancing our energy-saving and environmental protection initiatives and driving progress toward our IPO goals.