On July 3, 2024, our company's European customer Mr. Roy Jurriens visited again and negotiated the silica business with General Manager Wang Benmao, and exchanged views on the progress of the Turkish silica business.

After completing the lab test of carbonized silica, our factory completed the pilot test of replacing tire silica with carbonized products ahead of schedule in June, and the product quality was recognized by customers.

On June 12, 2024, after preliminary sample testing and sufficient technical exchanges, Hankook Tire, the largest tire manufacturer in South Korea, came to our company for factory inspection. Our company manager Wang Benmao accompanied the customer to conduct on-site inspections of the factory's raw material inspections, production process control, and quality inspection systems for precipitated silica production.

According to export data released by China Customs, from January to November 2023, China exported a total of 6,948,266 tons of automobile tires, with a cumulative amount of 117.2 billion yuan, a significant increase in quantity and amount compared with the same period last year. As of November 2023, the total number of tires exported by Chinese tire factories was 564.49 million tires, while the total number of tire exports in the first 11 months of the same period last year was 507.23 million, with a year-on-year growth rate of 11.29%.

Our manager, Mr. Wang discussed import and export business about mine import, sample testing and other business issues, which lay a solid foundation for future cooperation.