On April 26, the 2024 Suzhou Global Investment Promotion Conference was held at the Suzhou International Expo Center. With the theme of "Invest in Suzhou, Win the Future," the conference focused on promoting Suzhou's leading industrial ecosystem and business environment, investment opportunities for businesses in Suzhou, as well as the release of Suzhou's key industrial development plans and supporting policies.

Mr. Keiichi Morikawa, Mr. Nozomi Suzuki, and Mr. Toyoda Hongo, directors of IHI Sullair, along with Mr. Hiroshi Nakamura, the general manager, and Ms. Jiang Sufang, the chief financial officer, were invited to attend the conference, demonstrating the company's confidence and determination to deeply cultivate its presence in Suzhou.

At the conference, guests gathered in a lively atmosphere. Our company's leaders joined entrepreneurs from around the world to share this momentous occasion, explore new opportunities for cooperation, and map out a blueprint for future development.

In an interview with the media, Mr. Keiichi Morikawa, the president of IHI Rotary Machinery Engineering, the parent company of IHI Sullair, said that Suzhou, known as the Venice of the East, combines profound historical and cultural heritage with vibrant modern economic development, providing us with a unique investment and development environment. This year marks the 20th anniversary of IHI Sullair's establishment in the Suzhou Industrial Park. Over the past two decades, the company's successful operation has witnessed the fruitful results of close cooperation between the enterprise and the local government. Looking ahead, we are determined to further deepen our development in Suzhou. By building a new factory in the Suzhou-Xiangcheng Cooperation Zone, we are taking a solid step forward in business expansion. This decision is based on our high recognition of Suzhou's continuously optimized investment environment and our deep expectations for the local government's long-term development plan. The investment promotion conference is a valuable opportunity for us to gain a deeper understanding of Suzhou's future economic development blueprint and strategic direction, which is of great significance for us to adjust our corporate strategy and seize development opportunities.

Directors Suzuki Nozomi and Toyoda Hongo praised the charm of Jiangnan culture and the vitality of Suzhou. They expressed that China, especially the Suzhou market, is not only a key node on our group's strategic map but also an ideal place to deepen government-enterprise cooperation and promote common prosperity. In the process of development, IHI Sullair has received strong support from the Suzhou government, enabling us to achieve rapid development in China. The parent company's new investment production base in the Suzhou-Xiangcheng Cooperation Zone is expected to be completed soon. The establishment of the new factory will set a benchmark in the large-scale centrifugal compressor industry, further enhancing the company's comprehensive strength and core competitiveness by integrating advanced technology and efficient production capacity. At the same time, it will inject momentum into Suzhou's economic growth and realize the vision of win-win cooperation.

Mr. Nakamura, the general manager, said that Suzhou is a blessed land with a unique business environment, a complete industrial chain, and a relentless pursuit of innovation, which has built an ideal cooperation ecosystem for us and provided fertile ground for the healthy development of enterprises. In order to repay this generosity, IHI Sullair will continue to contribute value with excellent products and services, providing solutions and services that exceed customer expectations through continuous product optimization and innovative development. We will fulfill our corporate social responsibility with practical actions and add momentum to the transformation and upgrading of the manufacturing industry in Suzhou and even the whole country. We are full of enthusiasm and look forward to working side by side with more outstanding entrepreneurs to draw a blueprint for development and create brilliant achievements together.

The unique value charm of the Chinese market, Suzhou's cultural heritage and economic vitality, as well as the active support of the local government, have jointly formed a solid foundation for IHI Sullair's sustainable development and business expansion. We do not only consider ourselves as manufacturers of centrifugal compressors but also as providers of gas solutions for customers. By integrating regional advantages and resource networks, the company will continue to explore cutting-edge technological applications and management concepts, leading industrial upgrading and promoting the sustainable development of enterprises.

We look forward to continuing to work hand in hand with Suzhou in the future, optimizing cooperation models, creating new models of government-enterprise cooperation, and achieving a beautiful vision of mutual benefit and win-win results.