Hydrogen Power Technology's Fangshan Hydrogen Power hydrogen-powered cold-chain logistics vehicles are racing across the Beijing-Tianjin-Hebei region. Recently, they have established a hydrogen-powered cold-chain logistics route for a publicly listed firm client, centered around a logistics base in Langfang and radiating out to Zhangjiakou, Tangshan, and Beijing. Fangshan Hydrogen Power targets mid-to-high-end cold-chain transportation scenarios, leveraging the advantages of hydrogen-powered cold-chain vehicles, such as long driving range on a single hydrogen fill, short refueling time, and low overall energy consumption, to create typical zero-carbon hydrogen energy application scenarios. With a single hydrogen fill taking just 5 minutes, the vehicles can achieve a driving range of 400 kilometers, reducing carbon dioxide emissions by 70 kg for every 100 kilometers traveled. From materials to parts, the technology is entirely domestically developed, with each black-tech parameter showcasing the technological advantages of SPIC's hydrogen-powered cold-chain logistics vehicles. Against the backdrop of the "dual carbon" goals, hydrogen-powered vehicles are increasingly demonstrating their advantages, offering complete zero-carbon emissions, simple and pollution-free after-treatment of fuel cells, and providing a hydrogen energy pathway for building a beautiful and green China. As a publicly listed firm, a certain client has clearly announced its corporate "carbon neutrality" plan, proposing carbon reduction initiatives in various aspects, including material transportation and employee commuting. The two parties have found common ground in their future development goals. Fangshan Hydrogen Power, centered around a logistics base in Langfang, provides in-store transportation services for the client, greatly assisting them in achieving their corporate carbon neutrality goals.

Recently, the First Hainan Free Trade Port Hydrogen Energy Vehicle Industry Development Seminar was held in Haikou City, Hainan Province. Shanghai Shunhua New Energy System Co., Ltd. (hereinafter referred to as "Shunhua New Energy") signed a strategic cooperation agreement with Hainan Haima Automobile Co., Ltd. and Sinopec (Hainan) Branch to jointly establish Hainan Free Trade Port's first zero-carbon emission automotive ecosystem covering the "production-storage-refueling-utilization" entire industry chain. This marks a substantive step forward in the industrialisation of hydrogen energy vehicles in Hainan, providing crucial support for achieving the industrialisation goal of hydrogen energy vehicles in Hainan by 2030. Hainan's Dual Advantages Propel Hydrogen Energy Industry onto Fast Track of Development Leveraging its policy advantages and geographical location, Hainan Free Trade Port is accelerating the layout of the hydrogen energy industry. According to the Medium and Long-Term Plan for the Development of Hainan's Hydrogen Energy Industry (2023-2035), Hainan will promote the commercial replacement of hydrogen fuel cell vehicles in stages in fields such as cold chain logistics vehicles, short-haul heavy-duty trucks, and tourist buses, gradually expanding into the passenger vehicle market. Huang Wencong, Deputy Director-General of the Hainan Provincial Department of Industry and Information Technology, pointed out that Hainan's unique geographical closed-loop characteristics and differentiated application scenarios provide a favorable market environment for hydrogen fuel cell vehicles. Meanwhile, relying on the "early and pilot implementation" policy advantages of the Free Trade Port, Hainan provides a testing ground for formulating standards for the hydrogen energy industry. Lu Guogang, Vice Chairman of Haima Automobile and General Manager of Hainan Haima, analyzed that with breakthroughs in core localisation technologies, when the annual production of hydrogen energy vehicles exceeds the 10,000-unit threshold, the material cost of complete vehicles is expected to be on par with or even lower than that of pure electric vehicles of the same class. It is projected that by 2030, the usage cost of hydrogen energy vehicles in Hainan will drop to 0.25 yuan per kilometer, comparable to that of pure electric vehicles. By then, the province's hydrogen vehicle ownership may exceed 10,000 units, with 66 supporting hydrogen refueling stations." To address the dual bottlenecks of scarce hydrogen energy resources and high hydrogen prices hindering the current development of the hydrogen energy industry, Zhang Yu, founder of the Hydrogen Energy Branch of the China Industrial Development Promotion Association, suggested that Hainan could rely on abandoned power resources from renewable energy sources such as PV and wind power to deploy local hydrogen production projects, thereby solving the problem of high hydrogen supply costs. To provide a technological pathway for resolving the contradiction between "hydrogen shortage" and "high hydrogen prices," Shunhua New Energy will deploy multiple hydrogen refueling stations around regional hydrogen production centers, constructing a "parent station + several child stations" asteroid-shaped hydrogen refueling network. Shunhua New Energy's Innovative Projects Accelerate the Commercialization Process of Hydrogen Energy As a leading domestic supplier of overall solutions for hydrogen energy systems, Shunhua New Energy plans to commence the construction of an asteroid-shaped hydrogen refueling station infrastructure network by the end of 2025, with priority given to promotion in Haikou and Sanya. "The "Asteroid Plan" is an implementation plan for the phased and rapid large-scale promotion of fuel cell vehicles (FCVs), with passenger cars as the most-traded contract car models. It also involves the construction of a hydrogen refueling network, primarily consisting of small 70MPa hydrogen refueling stations (in a combined oil-hydrogen refueling mode), supplemented by medium-sized 35MPa/70MPa hydrogen refueling stations (in a pure hydrogen mode). Additionally, it includes the construction of hydrogen source infrastructure for hydrogen production from renewable energy sources (supplemented by industrial by-product hydrogen) and nuclear power-based hydrogen production. Sunrise New Energy will leverage its extensive experience in hydrogen storage and transportation equipment, as well as hydrogen refueling equipment solutions, to assist Hainan in creating a replicable hydrogen energy commercialization template. This will achieve the dual objectives of optimizing construction costs and improving operational efficiency, providing infrastructure support for the large-scale development of the industry. As of now, the Haima 7X-H hydrogen fuel cell vehicle demonstration operation project has accumulated over 2 million kilometers of safe driving, serving the Boao Forum for Asia, the China International Consumer Products Expo, and the World New Energy Vehicle Congress, achieving a "zero-fault" operation record for 2 million kilometers. These vehicles are equipped with Sunrise New Energy's 70MPa on-board hydrogen supply system, allowing for a single hydrogen refueling time of just 3-5 minutes and a driving range exceeding 600 kilometers. Their technical indicators have reached internationally leading levels, validating the technical feasibility and economic efficiency of the "Hainan Model." Deepening Strategic Synergy: Building a Benchmark for Full-Chain Synergy in the Hainan Model With the in-depth implementation of the "Overall Plan for the Construction of the Hainan Free Trade Port," the hydrogen energy industry is becoming a key pillar for Hainan to build a clean energy island. Sunrise New Energy will take this strategic cooperation as an opportunity to work together with industry chain partners to advance the construction of vehicle operation platforms and hydrogen refueling stations, promoting the market-oriented development of China's hydrogen energy industry.

[Broad-Ocean Motor: Provides Motor/Fan Solutions for Charging Piles, ESS, etc.] On June 9, Broad-Ocean Motor released a record of investor relations activities, stating that the company is actively expanding new product application scenarios and customers, and continuously focusing on the new energy sector. It provides efficient and reliable motor/fan solutions for rapidly developing industries such as automotive air conditioners, NEV charging piles, cold chain logistics, heat pumps, IDC (data center), and ESS. Currently, the overall scale of the company's products applied in the IDC and ESS sectors is relatively small. However, with the development of the industry, subsequent business volume is expected to grow rapidly, contributing new revenue growth points for the company's BHM business unit.

On May 30, Hyundai Hydrogen Mobility System (Guangzhou) Co., Ltd. (hereinafter referred to as "HTWO Guangzhou") successfully held the "Riding the Hydrogen Wave, Embracing the New Journey"—Batch Delivery Ceremony for 20 4.5-mt Fuel Cell Refrigerated Trucks, injecting new momentum into the cold chain business of Guangzhou Yanghua Logistics Co., Ltd. (hereinafter referred to as "Yanghua Logistics"). As a market-oriented commercial order, this marked a crucial step forward in the large-scale application of hydrogen fuel cell vehicles in the logistics and distribution sector. That morning, 20 hydrogen fuel cell refrigerated trucks with pure white auto bodies were lined up like a flock of doves on the internal roads of the HTWO Guangzhou factory. The large red flowers on the front of the trucks swayed gently in the wind, complementing the blue elements of the factory buildings. The slogan "Riding the Hydrogen Wave" on the welcome board shone brightly in the sunlight. At around 10 a.m., the delivery ceremony officially commenced within the factory premises, attended by enterprise representatives including Yu Changfu, Chairman of Yanghua Logistics, and Zhang Yuanshuo, Deputy General Manager of HTWO Guangzhou and General Manager of Hyundai Hydrogen Energy Technology (Guangzhou) Co., Ltd. (hereinafter referred to as "Hyundai Hydrogen Energy Guangzhou"). At the delivery ceremony, Zhang Yuanshuo, Deputy General Manager of HTWO Guangzhou, stated, "This delivery not only represents a breakthrough in commercial cooperation but also marks an important milestone in the market-oriented implementation of hydrogen fuel cell technology. Leveraging over 25 years of hydrogen fuel cell technology accumulation from the Hyundai Motor Group, HTWO Guangzhou has deepened its roots in Guangzhou. Through continuous localization efforts, we have achieved 'Made in Guangzhou' for complete vehicles and core components. In the future, we will continue to drive the commercialization process of the hydrogen energy industry with reliable products." In his speech, Yu Changfu, Chairman of Yanghua Logistics, emphasized, "Choosing hydrogen-powered vehicles is an inevitable choice for Yanghua Logistics in response to the national 'dual carbon' strategy. We particularly value the significant advantage of the long driving range of hydrogen fuel cell refrigerated trucks, which perfectly meets our intensive transportation needs in the Pearl River Delta region, allowing drivers to completely bid farewell to range anxiety. Yanghua Logistics will take this cooperation as a starting point to accelerate the low-carbon transformation of cold chain logistics and empower the development of green logistics." Hydrogen Vehicles Join the Fleet, Accelerating Low-Carbon Operations in Cold Chain Logistics The collaboration between the two parties this time was not coincidental but a mutual endeavor in line with the development logic of the times. As early as the end of March this year, HTWO Guangzhou had engaged in in-depth business exchanges with Yanghua Logistics. Yanghua Logistics actively responded to the call of the national new energy policy and, combined with its business expansion needs, planned to invest in new energy logistics vehicles featuring "long driving range, high efficiency, and low emissions." HTWO Guangzhou, on the other hand, was able to provide a zero-emission hydrogen vehicle solution with "5-minute hydrogen refueling and a driving range exceeding 500 kilometers." Leveraging the profound technological accumulation of the Hyundai Motor Group and the reliable validation of previously delivered products, the two parties swiftly reached a cooperation intention, demonstrating efficient cooperation based on trust and reflecting the market's full recognition of HTWO Guangzhou's products. It is understood that Yanghua Logistics will deploy its first batch of 20 hydrogen fuel cell refrigerated trucks into the fresh food transportation system in the Pearl River Delta region, safeguarding the freshness of the dining tables of residents in the Greater Bay Area with the new "hydrogen" power. As a professional enterprise with 16 years of experience in cold chain logistics, Yanghua Logistics' business covers the entire supply chain, including warehousing, transportation, and trading, serving core customers such as supermarkets, chain restaurants, and express delivery companies. The support from HTWO Guangzhou's hydrogen-powered vehicles this time will not only reduce the company's carbon emission costs but also enhance social acceptance of hydrogen energy through actual operational data, providing a replicable and scalable valuable model for the green and low-carbon transformation of the logistics industry. HTWO Guangzhou's "Answer Sheet" for Hydrogen Energy The 4.5-ton hydrogen fuel cell refrigerated trucks delivered this time boast superior performance, with the entire vehicle, hydrogen fuel cell system, and five core parts all developed and produced locally. Their driving range and reliability have been verified by the market, meeting the high timeliness and long-distance operational needs of cold chain logistics. Since its establishment, HTWO Guangzhou has developed products covering multiple scenarios such as sanitation, logistics, cold chain, and public transportation, continuously breaking the stereotype that "hydrogen vehicles are limited to demonstration projects." Since expanding its dedicated vehicle factory and obtaining production qualifications in May 2024, HTWO Guangzhou has continuously become a core driver for the commercialization of hydrogen-powered vehicles in South China with its stable production capacity and technological strength. This delivery marks a critical period in HTWO Guangzhou's market-oriented strategy. From serving the Guangzhou Development Zone with its first batch of vehicles in 2024 to now collaborating with Yanghua Logistics to explore cold chain scenarios, HTWO Guangzhou is promoting the comprehensive development of hydrogen fuel cell vehicles from policy demonstrations to commercial promotion through the model of "localized technology + diversified scenarios." In the future, HTWO Guangzhou will continue to deepen cooperation with top-tier enterprises in industries such as logistics and shipping, contributing hydrogen energy to the construction of a green transportation system in the Guangdong-Hong Kong-Macao Greater Bay Area and the achievement of the "dual carbon" goals through continuous technological innovation and capacity expansion. This batch of hydrogen-powered refrigerated trucks is about to embark on the transportation network in the Pearl River Delta region. They not only carry fresh food but also the future hope of green logistics. HTWO Guangzhou is taking practical actions, joining hands with partners to "ride the hydrogen wave" and accelerate towards a new journey towards a zero-carbon future!

Recently, the launch ceremony for the "Hydrogen Vehicle 10,000-Mile Journey" event, organized by Henan Hydrogen Power Technology, was held ceremoniously at the Haier Industrial Park in Zhengzhou. Co-hosted by Henan Hydrogen Power Technology and Yutong Commercial Vehicle, and in collaboration with Feijie Cold Chain (a customer) and Tianhong City Distribution (an operator), the event marked the commencement of large-scale demonstration operations for hydrogen fuel cell refrigerated logistics vehicles, signaling a gradual shift towards marketization and large-scale development of green cold chain logistics powered by hydrogen energy in Henan Province. At the ceremony, hydrogen fuel cell refrigerated logistics vehicles from Henan Hydrogen Power Technology, equipped with advanced hydrogen fuel cell technology from State Hydrogen Technology, were lined up neatly, ready for departure. Hu Junjie, General Manager of Henan Hydrogen Power Technology, delivered a speech, stating that the "Hydrogen Vehicle 10,000-Mile Journey" event is a significant milestone in the development of the hydrogen energy industry. By organizing enterprises to conduct large-scale cross-regional demonstration operations of fuel cell vehicles nationwide, it effectively integrates industry resources and promotes in-depth cooperation and collaborative innovation among upstream and downstream enterprises in the industry chain. Ping Weiqiang, Manager of the Strategic Customers Branch of Yutong Commercial Vehicle Light Trucks, expressed that the vehicles put into demonstration operation this time integrate Yutong's leading electric control and intelligent temperature control systems, directly addressing the pain points of high energy consumption and emissions in traditional cold chain logistics, and providing the industry with a reliable, zero-carbon, and efficient transportation solution. Dong Xiongfei, Chairman of Feijie Cold Chain, delivered a speech, highly recognizing the practical value of hydrogen fuel cell refrigerated vehicles: "Their ultra-long driving range, stable and reliable system, precise temperature control, and zero-emission characteristics perfectly meet the stringent requirements of cold chain transportation for fresh produce, less-than-truckload (LTL) shipments, pharmaceuticals, and other goods. This 10,000-mile journey is a valuable practical test. We will systematically collect operational data, optimize the application mode of hydrogen vehicles in urban distribution scenarios, and accelerate the commercialization process." The "Hydrogen Vehicle 10,000-Mile Journey" event is not only a technological showcase but also a promotion of environmental protection concepts. Through this event, we convey to the public the importance of green logistics and clean energy. Looking ahead, we believe that hydrogen fuel cell refrigerated logistics vehicles will showcase their unique charm on an even broader stage. With continuous technological advancements and policy support, hydrogen energy will play an increasingly important role in the logistics industry. We look forward to bringing cleaner, more efficient, and sustainable logistics solutions to society through sustained efforts and innovation.

On May 29, a delegation from Hydrogen Power Technology visited Shuhai (Beijing) Supply Chain Management Co., Ltd. (hereinafter referred to as "Shuhai Supply Chain"). Both parties held in-depth discussions on hydrogen energy zero-carbon services to support the catering supply chain. Yang Jiancheng, Deputy General Manager, Party Branch Secretary, and General Manager of Shuhai Transportation Business Division of Shuhai Supply Chain, and Liu Guozhu, Director, Supervisor, Executive Director of Fangshan Hydrogen Power, and General Manager of Hydrogen Power Technology, participated in the exchange. Yang Jiancheng of Shuhai Supply Chain extended a warm welcome to the delegation from Hydrogen Power Technology. He stated that Shuhai Supply Chain is committed to becoming a "trusted service provider of catering supply chain solutions". The company originated from the catering supply department of Haidilao and began independent operations in 2014, providing full-service supply chain management to upstream and downstream enterprises in the catering industry chain. Currently, it boasts 50,000 SKUs, 44 warehousing and distribution centers, over 5,000 three-temperature vehicles, and more than 11,000 cooperative suppliers. It not only meets the supply chain service needs of over a thousand Haidilao stores but also serves catering chain brands such as Tai'er Pickled Fish, Fengmao Skewers, Fei Dachu, Xinbailu, and Micun Bibimbap, with a cumulative service to over 5,000 catering enterprises. Currently, Shuhai Supply Chain is actively responding to the national call for carbon peaking and carbon neutrality, continuously promoting the green transformation of logistics and transportation, and remains optimistic about the prospects of hydrogen energy applications. Liu Guozhu from Hydrogen Power Technology provided a detailed introduction to the company's layout and operational status in hydrogen energy end-use applications. He stated that the company is currently intensifying its efforts to explore hydrogen energy urban distribution business scenarios, particularly in the niche market of mid-to-high-end cold chain urban distribution. This scenario can fully leverage the advantages of hydrogen energy vehicles, such as long-distance refrigerated transportation, short refueling times, and suitability for extremely cold environments. As a leading enterprise in the catering supply chain, Shuhai Supply Chain is a key partner for Hydrogen Power Technology, which hopes to strengthen cooperation with Shuhai Supply Chain in the catering supply chain field to jointly create a benchmark scenario for hydrogen energy zero-carbon cold chain urban distribution. Both parties agreed to take the lead in pilot projects in the Beijing-Tianjin-Hebei region and rapidly promote the deployment and operation of a batch of hydrogen energy cold chain logistics vehicles. The operational head of Shuhai Supply Chain, as well as relevant heads from Hydrogen Power Technology and Fangshan Hydrogen Power, participated in the exchange.

As the lead industry continues to develop, the supply imbalance in the raw material sector is intensifying. In terms of lead concentrates, the tight supply situation is worsening. Additionally, due to the historically relatively high prices of gold and silver, smelters' demand for high-grade lead concentrates has increased. Meanwhile, the domestic processing fees for lead concentrates have continued to hit new lows. In terms of scrap, according to the SMM survey, in recent years, the generation of scrap batteries has not matched the processing capacity for scrap batteries. The capacity of secondary lead is in a state of oversupply. In 2024, the new capacity of secondary lead continued to increase, while the domestic supply of scrap was limited. Moreover, there was a loss of scrap in exports. Coupled with the traditional off-season in the lead-acid battery market in the first half of the year, with battery scrap volumes at a low point for the year, the supply imbalance has intensified. To enable industry peers to have a clearer and more intuitive understanding of the global market distribution of lead ingot raw material industries, SMM, in collaboration with Zhejiang Gang Lianjie Logistics Technology Co., Ltd., is proud to launch the "2025 Global Lead Ingot Raw Material Enterprise Resource Distribution Map". After annotation and typesetting, it will be printed and distributed to upstream and downstream customers in the industry. It aims to provide an authoritative, comprehensive, and professional overview of the lead ingot raw material industry, establish a communication bridge between enterprises across the industry chain, break down information barriers between upstream and downstream sectors, and jointly promote the healthy and green development and upgrading of the lead industry. Zhejiang Gang Lianjie Logistics Technology Co., Ltd., is an AAAA-level comprehensive service logistics enterprise affiliated with the Ningbo Zhoushan Port Group system. It is a joint venture established by Zhejiang Seaport Logistics Group and Box Technology (Shenzhen) Co., Ltd. It has obtained China Quality Management System Certification, with the number: 00124Q37205ROM/3302, and is a state-controlled enterprise. Relying on the brand advantages of Ningbo Zhoushan Port, the company adheres to the principle of taking Ningbo Zhoushan Port as the main body and closely revolves around the strategic business layout of Ningbo Zhoushan Port to provide customers with modern and comprehensive logistics services. The company has opened an Anhui branch in 2023, established a Malaysian subsidiary, and will open a German subsidiary in Wilhelmshaven, Germany, by the end of 2024. Currently, the Thai company has completed its registration and is in further planning. The company can provide logistics services centered on Malaysia and Thailand, radiating to various Southeast Asian countries, including but not limited to door-to-door cargo pick-up, warehouse (warehousing and in-warehouse operations), ocean freight booking, import and export customs clearance, etc. In terms of business performance, the company has ranked first in import agency volume at Ningbo Port for two consecutive years (2023 and 2024) and first in non-ferrous metal agency volume at Ningbo Port. It has also been honored with the "Top Ten Import Freight Forwarding Enterprises" award for two consecutive years in 2023 and 2024. Domestically: In terms of import business, the company provides full-chain import logistics services, covering international multimodal transport, port customs clearance, bonded customs declaration, transportation, warehousing, etc., covering almost all bulk raw materials: such as non-ferrous metals, plastic pellets, agricultural and sideline products, pulp, grain, recycled materials, hazardous goods, cold chain, bulk cargo, petroleum and petrochemical products, food, minerals, etc. Overseas: Zhejiang Gang Lianjie (Malaysia) Logistics Technology Co., Ltd. (a subsidiary), located in Selangor, Malaysia, 20 kilometers away from Port Klang West, 23 kilometers away from Port Klang North, and 34 kilometers away from the Port Klang Bonded Free Trade Zone. It is mainly engaged in international freight forwarding for imports and exports, with Malaysia as the center to radiate throughout Southeast Asia, and carries out related businesses. Contact Information Chen Dong (Imports) 13901649539 Zhu Yong, Overseas Project Leader and General Manager of the Malaysian Subsidiary 18501669898 Chen Lei (Imports) 13857876948 Shi Qihao (Imports) 13777188184 Contact Person for SMM Map Co-production Tian Cheng 19521491689 tiancheng@smm.cn

2025 (Phase IV) SMM Southeast Asia Industry Field Trip Amidst the ever-changing global economic landscape, manufacturing enterprises worldwide are facing unprecedented challenges. The macroeconomic environment remains volatile, with frequent geopolitical conflicts and rising trade protectionism, leading to sharp fluctuations in industrial material prices and making cost control difficult. The domestic market is experiencing intense competition, with significant overcapacity issues. Enterprises are struggling to survive amid cut-throat competition, with profit margins continuously being squeezed. Meanwhile, the Southeast Asian market is emerging as a rising star, brimming with potential. Its rapid economic growth and accelerated urbanization process, coupled with increasing investments in infrastructure, power engineering, and other sectors, have significantly stimulated demand for industrial products. Southeast Asia's abundant mineral resources also provide a solid raw material foundation for the development of the local manufacturing industry. Additionally, favorable local policies and significant labor cost advantages are attracting global capital and enterprises to establish a presence in the region. To help manufacturing enterprises seize the opportunities of the times and break through development bottlenecks, SMM Information & Technology Co., Ltd. (SMM) has meticulously organized the 2025 (Phase IV) SMM Southeast Asia Industry Field Trip . This field trip will delve deep into Southeast Asia, facilitating face-to-face exchanges with local high-quality enterprises, industrial parks, and industry associations. It will involve on-site visits to enterprises within the industry chain, enabling enterprises to gain a deeper understanding of Southeast Asia's industrial landscape, market dynamics, policies and regulations, as well as the investment environment. The aim is to build a bridge for enterprises to access the Southeast Asian market, explore cooperation opportunities, expand new business territories, tap into new growth momentum for industry development in this vibrant region, and achieve enterprise transformation, upgrading, and leapfrog development. Itinerary Visited Entities 1. Thai-Chinese Rayong Industrial Zone The Thai-Chinese Rayong Industrial Zone is a modern industrial zone developed jointly by China's Holley Group and Thailand's Amata Corporation in Thailand, targeting Chinese investors. With a total planned area of 20 km², it is located in the core area of Thailand's Eastern Economic Corridor. A large number of outstanding enterprises have already settled in the zone (including Zhejiang Zhongce, Zhejiang DunAn, Shenzhen CIMC, Jiangsu Dingsheng, AUX, and Dejinchang, among others). As a highly representative industrial zone in Thailand, we will engage in discussions with zone staff on topics such as the zone's basic information, the operational status of settled enterprises, and investment attraction policies. 2. Dejinchang Optoelectronics Technology (Thailand) Co., Ltd. It is the first overseas branch factory invested by Zhenxiong Copper Group. Established in March 2007 and officially put into operation the same year, it is located in the Amata Thai-Chinese Rayong Industrial Zone, covering an area of approximately 100,000 m² with a building area of about 48,000 m². Its registered capital is 460 million Thai baht, and the total investment is 3 billion Thai baht. The company is primarily engaged in the development and production of new materials for deep processing of various copper conductors (various copper wires). Its main products are copper wires, ranging from copper cathode to various types of copper wires, including bare copper wires, tinned wires, silver-plated wires, nickel-plated wires, alloy wires, as well as various specifications of single wires, stranded wires, and twisted wires. As a typical representative of copper wire drawing enterprises going global, we will exchange experiences and insights with Dejinchang on settling down, taking root, and developing in Southeast Asia, and seek business cooperation opportunities. 3. XINYA ELECTRONIC (THAILAND) CO., LTD The main businesses of Xinya Electronics and its series of subsidiaries include the R&D, manufacturing, and sales of consumer electronics and industrial control cables, automotive cables, communication cables and data cables, new energy series cables and components, etc. The company's end-user clients include well-known domestic and overseas brands such as Hisense, Gree, Midea, Daikin, Canon, Panasonic, Great Wall Motors, General Motors, BYD, NIO, Inspur, Huawei, Dell, HP, ZTE, CHINT, LONGi Group, Hengyineng, East, KUKA, and YASKAWA. We will head to this world-renowned electronic wire manufacturing enterprise. Please look forward to the spark of ideas and business opportunities that will emerge on-site. 4. C&D Inc. Xiamen C&D Inc. (stock code: 600153.SH) is a core member enterprise of Xiamen C&D Group Co., Ltd., a "Fortune Global 500" company. It is a modern service-oriented enterprise with dual main businesses of supply chain operations and real estate development. The company's business began in 1980 and was established and listed on the Shanghai Stock Exchange in June 1998, initiated by Xiamen C&D Group Co., Ltd. In 2024, the company achieved operating revenue of RMB 701.296 billion and after-tax net profit of RMB 5.82 billion. As a supply chain company, C&D Inc. has long-standing presence and extensive resources in Southeast Asia. We will conduct in-depth exchanges with C&D Inc. in Southeast Asia to explore solutions for capital, logistics, and industrial resources in the Southeast Asian industry, and establish effective communication channels for long-term cooperation. 5. WHA Industrial Estates WHA Corporation Public Company Limited develops and operates 12 major industrial estates in Thailand, all of which are strategically located. The group has held the largest market share since 2008. WH currently has 12 operational industrial zones, with 11 in Thailand and 1 in Vietnam, and another 3 industrial zones are still under development. The industrial zones developed and constructed by WHA Group are mainly located in the eastern coastal region of Thailand and have currently formed numerous industrial clusters, including export-oriented industries such as automotive, petrochemical, electronics, and consumer goods. As an industrial estate with a broad scope of operations, WHA Industrial Estates has unique insights into the industrial development and policies of various regions in Southeast Asia. During our exchanges, we will learn about the enterprises that have already settled in the estate, WHA's investment attraction policies, and its insights into industrial development. 6. Malaysia Non-Ferrous Metals Association The Malaysia Non-Ferrous Metals Association (MNMA) was established to integrate the entire non-ferrous metals industry in Malaysia under one entity. Under this unified entity, the objectives are: to coordinate with government authorities and standardize the import codes for non-ferrous metals, particularly in relation to hazardous and non-hazardous waste; to serve as a communication bridge between industry participants and government authorities to promote aligned goals; to educate and self-regulate members in compliance with regulations, especially those related to environmental aspects; to drive the vibrant development of the upstream industry, thereby encouraging downstream investors to invest in Malaysia; to embrace global changes through interactive cooperation and collaborate with other associations worldwide; and to envision Malaysia as the central hub for the non-ferrous metals industry in Southeast Asia. During this exchange, we will listen to the representatives of the association as they introduce Malaysia's industrial blueprint, gain a detailed understanding of Malaysia's industrial planning, and refine each representative's future strategic planning in Malaysia through our exchanges. 7. METROD(MALAYSIA) SDN BHD METROD(MALAYSIA) SDN BHD is a leading manufacturer of copper rods, copper pipes & tubes, and copper busbars in Malaysia. The company commenced operations in 1981 and was listed on the Main Board of the Kuala Lumpur Stock Exchange in 1996. Metrod's high-quality copper products are widely used in numerous applications, including power generation, transmission, and distribution, telecommunications, lightning protection, welding, electronic and automotive parts, electromagnetic coils, motors, compressors, transformers, and more. As a typical representative of local copper rod suppliers in Malaysia, we will engage in in-depth exchanges with METROD(MALAYSIA) SDN BHD and strive to reach cooperation in suitable areas for mutual benefit and win-win outcomes. 8. Zhejiang Gang Lian Jie (Malaysia) Logistics Technology Co., Ltd. Zhejiang Gang Lian Jie (Malaysia) Logistics Technology Co., Ltd., established in 2023, is a wholly-owned subsidiary of Zhejiang Gang Lian Jie Logistics Technology Co., Ltd. and falls under the Ningbo Zhoushan Port Group system, making it a state-controlled enterprise. The company primarily engages in international freight forwarding for import and export. It extends the standardized processes and management systems within the recycled metals industry to Malaysia, using Malaysia as a hub to radiate throughout Southeast Asia and carry out related businesses. This encompasses international multimodal transport, covering bulk raw materials such as non-ferrous metals, plastic pellets, cold chain products, pulp, and glycerin. Gang Lianjie will introduce the import and export policies of various Southeast Asian countries during the exchange, with detailed answers provided for areas that differ from China. They can also offer one-stop customs services. (More visiting organizations will be updated continuously...) The following are optional itineraries (participation is voluntary, and a separate conference fee is required for attendance). 1. 2025 SMM (2nd) Global Renewable Metal Industry Chain Summit (An additional conference fee of 5,000 yuan is required). Conference Time: June 12-13, 2025 Conference Venue: Hyatt Regency Suvarnabhumi Airport, Bangkok, Thailand Conference Official Website: https://global-renewable-metal-industry-chain-summit.smm.cn/home The 2024 SMM 1st Global Renewable Metal Industry Forum was held in Malaysia. The conference gathered recycling associations, government officials, and renowned enterprises in the renewable sector from various regions to discuss the current state and future development of the renewable industry. From 2024 to 2025, renewable metal policies have been continuously updated, and the industry has witnessed rapid development. To assist enterprises in navigating the changes in the renewable industry, align with industry standardization requirements, and provide a platform for business exchanges, SMM plans to hold the 2025 SMM 2nd Global Renewable Metal Industry Chain Summit in Thailand from June 12-13, 2025. At this conference, you will efficiently gain access to customer resources, industry reports, and interpretations of renewable policies from various regions globally in the renewable metal and battery recycling industries. It is suitable for organizations and individuals concerned about renewable metals to participate. 2. 2025 SMM Southeast Asia (Thailand) Automotive Supply Chain Conference (An additional conference fee of 7,000 yuan is required). Conference Time: June 16-17, 2025 Conference Venue: Hyatt Regency Suvarnabhumi Airport, Bangkok, Thailand Conference Official Website: https://automotive-supply-chain.smm.cn/home In recent years, Southeast Asia has gradually become a crucial link in the global automotive industry due to its unique geographical advantages, abundant resources, and vast consumer market, offering rich supply and demand opportunities. As a regional leader, Thailand has attracted the attention of numerous Chinese NEV manufacturers. At this conference, SMM will invite experts, scholars, enterprise representatives, and government officials from the domestic and overseas automotive industries to participate, jointly explore new trends and models in the development of the automotive industry, share the latest technologies and innovative achievements, promote collaborative development and cooperation in the automotive industry, and facilitate the improvement and enhancement of the industry chain. Meanwhile, we hope that through this conference, we can help Chinese automotive industry chain enterprises better understand the overseas investment environment, leverage the complementary advantages of different countries and regions within the automotive industry, and jointly promote the healthy and sustainable development of the automotive industry. At this conference, you will efficiently gain access to customer resources, industry reports, and opportunities to discuss new materials, processes, and technologies in the automotive and supply chain industries. It is suitable for organizations and individuals interested in the automotive industry to participate. Note: Assembly point for the inspection tour: Hyatt Regency Bangkok Sukhumvit, Bangkok, Thailand For more information about the 2025 (Phase IV) SMM Southeast Asia Industry Inspection Tour , please contact: De'an Xu: 166.0190.90 Email: xudean@smm.cn

On May 27, in the early summer, the launch event for the "Hydrogen Vehicle 10,000-Kilometer Journey" hydrogen energy cold chain demonstration operation on the Wuhan-Yichang Expressway, organized by Hydrogen Power Technology Hubei Hydrogen Power, was grandly held at the SPIC Central China Hydrogen Energy Industry Base. Representatives from government departments, industry associations, enterprises, and experts gathered to witness a crucial step forward in the large-scale application of hydrogen energy cold chain transportation, providing an innovative model for China's green logistics transformation under the "dual carbon" goals. Since the launch of the national policy for hydrogen fuel cell demonstration city clusters in 2020, China's fuel cell vehicles have accumulated nearly 500 million kilometers of real-world operation, accumulating a wealth of application scenarios and operational experience. The "Hydrogen Vehicle 10,000-Kilometer Journey" event, initiated by the Fuel Cell Vehicle Demonstration Application Support Office of the China Automotive Technology & Research Center in collaboration with industry enterprises, aims to comprehensively evaluate the operational performance of fuel cell vehicles in typical scenarios through real-world verification covering over 13,000 kilometers across the country's key "four vertical and four horizontal" hydrogen energy expressway demonstration lines and connecting five major city clusters, providing authoritative data support for the large-scale development of the industry. As an important part of the national demonstration, the Hubei regional event focuses on the Wuhan-Yichang Expressway hydrogen energy cold chain demonstration line, led and operated by Hubei Hydrogen Power. Hubei Hydrogen Power is a hydrogen energy transportation operation platform led by the SPIC Group. Currently, it operates 259 hydrogen energy vehicles in Wuhan and serves as the vice president unit of the "Jiangcheng Green Distribution Alliance" in Wuhan, representing a model enterprise for green freight distribution in the city. The demonstration operation route utilizes 4.5-ton cold chain vehicles equipped with hydrogen fuel cell systems produced by Sinohydrogen Technology Wuhan Lvdong, with a round-trip mileage of 1,080 kilometers. The route passes through the Sinopec hydrogen refueling stations at the Qianjiang and Zhijiangxi service areas on the Wuhan-Yichang Expressway, primarily undertaking the distribution of daily necessities for supermarkets, catering institutions, e-commerce platforms, and other livelihood-related products, providing an innovative model for the green transformation of the national cold chain logistics industry through the integration of "hydrogen energy + cold chain." At the event site, representatives from government departments, industry associations, and enterprises shared their insights from perspectives such as policy support, industry trends, technological innovation, and business models. The consensus from the discussions was that in recent years, the domestic cold chain industry has developed rapidly with policy support, with the scale of cold storage facilities continuously expanding and the demand for cold chain vehicles increasing. The cold chain transportation industry is also undergoing a reshuffle, with large-scale application, standardized management, and the application of low-carbon technologies being the future trends in cold chain transportation. The emergence of hydrogen energy cold chain vehicles is timely, effectively addressing the environmental protection and cost bottlenecks of traditional logistics and promoting the standardized development of the industry. Currently, hydrogen energy cold chain vehicles have met the conditions for large-scale market promotion in terms of technology and cost. It is recommended that the government strengthen policy guidance and industrial support, while enterprises themselves should also actively innovate their business models, integrate the technology chain, industry chain, and capital chain, continuously expand application scenarios, accelerate the commercialization of hydrogen energy cold chain, support the low-carbon development of the cold chain industry, and simultaneously promote the rapid development of the hydrogen energy industry. "Hydrogen-powered vehicles on the road, smoothly traversing Hubei", with the issuance of the departure order for the "Hydrogen Vehicle 10,000-Mile Journey", the hydrogen energy cold chain demonstration vehicles on the Wuhan-Yichang Expressway, fully loaded with a green mission, officially embarked on their journey. This also marks that Hubei's exploration in the field of hydrogen energy transportation has entered a new stage of large-scale verification. The successful holding of this launch event signifies that Hubei is at the forefront of the country in exploring the hydrogen energy cold chain field. With the continuous advancement of the nationwide real-vehicle verification of the "Hydrogen Vehicle 10,000-Mile Journey", China's hydrogen energy industry will accelerate towards a new stage of large-scale and industrialized development under the combined effects of technological innovation, scenario expansion, and policy coordination, contributing hydrogen energy's strength to the realization of the "dual carbon" goals.

On May 16, at the 2025 SMM (6th) Silver Industry Chain Innovation Conference , hosted by SMM Information & Technology Co., Ltd. (SMM), co-organized by Ningbo Haoshun Precious Metals Co., Ltd. and Quanda New Materials (Ningbo) Co., Ltd., and strongly supported by sponsors including Fujian Zijin Precious Metals Materials Co., Ltd., Huizhou Yian Precious Metals Co., Ltd., Jiangsu Jiangshan Pharmaceutical Co., Ltd., Zhengzhou Jinquan Mining and Metallurgy Equipment Co., Ltd., Hunan Shengyin New Materials Co., Ltd., Zhejiang Weida Precious Metals Powder Materials Co., Ltd., Guangxi Zhongma Zhonglianjin Cross-border E-commerce Co., Ltd., Suzhou Xinghan New Materials Technology Co., Ltd., Yongxing Zhongsheng Environmental Protection Technology Co., Ltd., IKOI S.p.A, Hunan Zhengming Environmental Protection Co., Ltd., Kunshan Hongfutai Environmental Protection Technology Co., Ltd., and Shandong Humon Smelting Co., Ltd., Lin Shangtian, the Strategic Development Director of Guangxi Zhongma Zhonglianjin Cross-border E-commerce Co., Ltd., shared insights on the opportunities for silver under innovative trade models. 1. Background of Establishment China-Malaysia "Two Countries, Twin Parks" – A Flagship Project of Bilateral Cooperation New Positioning: General Secretary Xi Jinping proposed a major strategic positioning to build the China-Malaysia investment cooperation flagship project, a demonstration zone for China-ASEAN cooperation, and an important period for the New International Land-Sea Trade Corridor. Innovative Model: The China-Malaysia Qinzhou Industrial Park and the Malaysia-China Kuantan Industrial Park, known as the "Two Countries, Twin Parks," have pioneered a new model of international cooperation and forged a "sister port" relationship. Opening New Channels: Leveraging their respective advantages, the "Two Countries, Twin Parks" serve as an important international platform for cross-border industrial cooperation under the Belt and Road Initiative, opening up new channels for economic and cultural cooperation between China and ASEAN. Strategic Investment Entities of China-Malaysia "Two Countries, Twin Parks" Guangxi China-Malaysia Qinzhou Industrial Park Investment Holding Group Co., Ltd. (China-Malaysia Investment Holding Group) Currently, China-Malaysia Investment Holding Group has total assets of 40 billion yuan and achieved operating revenue exceeding 30 billion yuan. It has completed the construction of various properties, including industrial plants, office buildings, residential buildings, hotels, and schools, with a total area of 2.93 million square meters, net assets of 13.2 billion yuan, a corporate credit rating of AA+, and a workforce of over 600 employees. Three Main Businesses Urban Construction, Development, and Operation: Providing comprehensive hardware facilities and high-quality supporting services for enterprises and employees in the park. Commerce, Logistics, and Supply Chain Services: Offering international and domestic commerce and logistics, warehousing and cold chain services, supply chain financial services, and online and offline trading services for cross-border bulk commodities. Maritime Industry Investment and Development: Focusing investment directions on industries such as biopharmaceuticals, fine chemicals, new materials, food industry, and technological innovation. It also elaborated on the content of China-Malaysia United Metal Group becoming a service provider of commodity supply chains with international competitiveness and establishing a service system for commodity supply chains with international competitiveness. 02. Platform Business Processes Customer Admission Process Comprehensive reviews are conducted on customers' credit, qualifications, and scale. The platform collaborates with Anxinsign, an electronic contract platform under the China Financial Certification Authority (CFCA), to implement facial recognition and real-name authentication. Service agreements are signed using digital certificates certified by CFCA. Goods Purchase and Sales Process China-Malaysia United Metal aggregates real-time information on orders, production, inventory, etc., from upstream and downstream of the industry chain and supply chain. With producers as the core, the platform integrates information flows, logistics, capital flows, and other information, connecting production and consumption to facilitate data connectivity throughout the supply chain. It also introduced the goods delivery process. 03. Platform Advantages Platform Advantages - For Producers With producers as the core, China-Malaysia United Metal not only facilitates the buying and selling of goods but also enables quick cargo pick-up and payment collection, with 100% contract performance. The specific platform advantages are as follows: Price-Locked Presales: Sales prices are locked in the purchase and sales system, and delivery can be made in the contract execution system after warrant registration, with payment received on the same day. With 100% contract performance, there is no need to worry about unsold goods. Brand Value Enhancement: Diversified sales methods can be adopted within the system. Leveraging the customer base of the purchase and sales system, goods can be quickly distributed to expand brand influence, thereby achieving the effect of increasing selling prices through brand value enhancement. In-Plant Inventory Sales Setup: By becoming an in-plant inventory recognized by China-Malaysia United Metal, downstream customers can directly pick up goods at the factory before the delivery date, facilitating quick transactions and saving the manufacturer storage and logistics costs. Platform Advantages - For Traders By integrating matrix tools such as the China-Malaysia United Metal market system, product selection mini-programs, information websites, and official accounts, it helps small, medium, and micro enterprises, especially traders, to grasp market changes in a timely manner. The platform advantages are as follows: Low Procurement Threshold: Purchases can be made in the purchase and sales system based on order quantities, with prices being open and transparent. Goods that cannot be purchased from large manufacturers can be obtained from China-Malaysia United Metal, with a minimum delivery unit of 30 kg. Delivery execution is online, enabling cargo pick-up on the same day of payment, with high efficiency. Low Capital Occupancy: For traders with fixed terminals, they can lock in corresponding quantities of goods with a small amount of performance guarantee, improving capital turnover efficiency. Transparent and Open Pricing: All prices are clearly displayed in the purchase and sales system, representing actual transaction prices. This reduces the price negotiation process for customers and addresses the issue of low transparency in offline price inquiries. Platform Advantages - Targeting End-users Relying on the customer base of China-Malaysia Zhong Lian Jin, it can provide stable supply chain services to end-users, meeting their procurement needs. The platform's advantages are as follows: Ensuring Stable Supply: China-Malaysia Zhong Lian Jin maintains high standards and strict requirements for customer admission, gathering high-quality suppliers in the industry. This ensures on-time delivery, guarantees a stable and continuous supply, and meets production and operation needs. More Affordable Prices: By adopting a retail approach and enjoying the benefits of centralised procurement prices, regardless of the procurement volume, prices are executed based on the prices within the purchasing and sales system. China-Malaysia Zhong Lian Jin provides comprehensive after-sales service, and the quality of goods outflows from warehouses is guaranteed for customers. Transparent Procurement: Prices are updated in real-time within the system, representing the actual transaction prices of industry customers and best reflecting spot market prices. Platform Advantages Overall, China-Malaysia Zhong Lian Jin can provide integrated supply chain services to different types of customers, meeting diverse purchasing and sales needs. Based on a vast customer base, offline parks, and an online platform, it helps customers improve efficiency, reduce costs, and increase benefits. 》Click to view the special report on the 2025 SMM (6th) Silver Industry Chain Innovation Conference