On July 26, 2023, Longteng Special Steel held the second quarter expansion meeting of the Safety and Environmental Protection Committee in 2023 and the lean management promotion meeting. The meeting was presided over by Lv Jiyong, Deputy General Manager. More than 330 people attended the meeting, including Chairman Ji Bingyuan, Deputy General Manager Xu Sheng, Xu Li, Ding Junhua, Lv Jiyong, Huang Yaoliang, Chief Financial Officer Zhou Xiaofeng, leaders of branches, relevant personnel of functional departments of the head office and heads of outsourcing units.

Chairman's speech：

Faced with the domestic and international economic situation, Ji Dong pointed out that under the correct guidance of the Party and government, the Chinese economy is developing steadily with a positive trend. Especially in recent years, the country has introduced multiple policies to promote the development of private economy, which has safeguarded private enterprises and boosted our confidence in development.

At the meeting, Chairman Ji Bingyuan delivered an important speech

Ji pointed out that in the first half of this year, from the perspective of overall economic benefits, tax levels, employee salary income and other aspects, the company's operation was stable and the strategic direction of the enterprise was correct. At the same time, it also faced the challenges of overcapacity in the industry and bottlenecks in the incremental market. For this reason, Ji made the following work arrangements:

1、 Standardize and improve various management work of the enterprise in accordance with the law, and provide protection for the enterprise. Mr. Ji emphasized that only by regulating according to law can enterprises go further and longer. Over the years, the company has laid a solid legal foundation, and all work is carried out unconditionally in accordance with legal provisions. In the future, this aspect of work still needs to be continuously consolidated and improved. Leaders and cadres of various departments should clarify their own positioning, exercise their responsibilities and powers correctly, become upright and sunny cadres, and eliminate all forms of corruption.

2、 Fully promote the three ultimate innovation work, providing guarantees for the sustained and healthy development of enterprises. Ji Dong pointed out that only through continuous innovation can enterprises become bigger and stronger. Precise positioning and making the best cost-effective product. Mr. Ji emphasized the need to fully utilize the company's existing industrial chain advantages, resource advantages, and market advantages, accurately position itself as a leader in segmented industries, continuously benchmark, innovate, and break through, to create unique and cost-effective products, and to lay a solid foundation for building a green special steel and ecological dragon, becoming a century old enterprise.

The three ultimate innovation tasks are the core tasks of the company in the future, and this path must be unwavering. Each department focuses on the three ultimate tasks, establishing a complete work mechanism and regulatory system, regularly analyzing, planning, and improving to ensure the implementation of the plan, ensuring the actual effectiveness of the project, and continuously and steadily promoting the improvement of quality brand, labor production efficiency, and cost control.

3、 Continuously promote the three ultimate tasks and achieve the highest of the five. Longteng Special Steel has won its current brand effect and market position with its cost-effectiveness advantage. To maintain its position as a leader in segmented industries, it is necessary to benchmark products in the same industry, ensuring the best product quality, market share, cost control, marketing services, and cooperative relationships. At the same time, it is necessary to accelerate the upgrading and optimization of the industrial chain, plan high-end products, and ensure the sustained and healthy development of enterprises.

4、 Improve marketing services and make Longteng the preferred choice in the market. Ji Dong pointed out that facing the current situation of overcapacity and industry downturn, we cannot balance the market by limiting production, and cannot wait for the market situation to change. We should take the initiative to expand the market. To continuously promote global layout, wherever Longteng products are needed, Longteng's marketing services will be available. We will continuously improve the comprehensive quality of marketing personnel, improve the reward and punishment mechanism, stimulate potential motivation, and achieve the best marketing services and smooth cooperation relationships.

5、 Caring and caring for employees, making them yearn for Longteng. Mr. Ji emphasized the need to improve the working environment, reduce labor intensity, promote automation transformation, and create a safe, environmentally friendly, green, and comfortable working environment, so that employees can truly feel the care and care of the company.

Finally, Ji Dong stated that, driven by the spirit of the Economic Conference of the Politburo of the Central Committee of the Communist Party of China, the market situation will continue to improve. Longteng Special Steel should adhere to the law and innovation, firmly promote the three ultimate innovations, seize the opportunities of the times, use market-oriented methods, innovative work methods, complete cultural and institutional systems, and promote the high-quality development of the entire company. All Longteng people should have confidence, ability, and responsibility to promote the sustainable and healthy development of the company, and demonstrate the brand, strength, culture, and spirit of Longteng Special Steel.

Summary and deployment of safety and environmental work

Vice General Manager Lv Jiyong summarized the safety and environmental protection work in the first half of the year and deployed the following work：

In terms of safety work:

1. To strengthen comprehensive security governance, we should enhance employees' awareness of preventing Internet fraud, strengthen education at the pre shift meeting, and everyone knows how to fight fraud.

2. Strengthen the management of outsourced units, conduct inspections strictly in accordance with regulations, and ensure compliance with safety requirements.

3. Prepare emergency plans for extreme weather and sudden situations, eliminate static hazards, and prevent dynamic hazards.

4. Strengthen the management of safe work tools and strengthen the management of employee transportation.

5. Improve security management standards, clarify job responsibilities, and ensure the safety of company property.

In terms of environmental protection work:

1. Strengthen clean transportation governance work, continue to promote environmental testing work, and strengthen the inspection of environmental protection facilities.

2. The heads of each department clarify their main responsibilities, improve their positioning, and continuously and vigorously promote 6S management as a top project.

Cai Jun, Minister of Safety and Environment Department, will provide a safety and environmental work report for the second quarter of 2023 and a plan for the next stage of safety and environmental work.

Award of Safety Incentive Award for All Employees：

Chairman Ji Bingyuan awarded the 2023 First Quarter All Staff Safety Incentive Award.

Chairman Ji Bingyuan presented the winning collective and individual awards for "Everyone Speaks Safety" in the Safety Month event

Collective Award

Individual Excellence Award

Three major improvements in communication and speeches

Gu Yeqing, Director of the Office of the Science and Technology Innovation Department, will summarize the work of the Science and Technology Innovation Department in the second quarter of 2023 and report on the planning for the next stage of science and technology innovation work.

Report on the topic of "Technical Transformation of Slag Cooling Tower in Ironmaking Branch" by Ai Zhiming

Chen Yifei from PC No.1 Factory presented a project report on "Process Optimization for Extending the Service Life of Circular Dies".

Cao Jian, Chief Engineer Office of the Ironmaking Branch, presented a research report on the "Research Project on Grinding Ball Steel Inclusions".

The wear-resistant ball branch made a report on the subject of B9-1 Product development.

Zhang Dapeng of High Speed Wire Branch made a report on the subject of "Design of Pusher Control of Hot Transport Bench"

Tang Wenzhong from the First Branch of the Steam Forging Machine Factory reported on the topic of "Hydraulic Feed System for Blank Machine".

Ideological Education Report：

Zhu Yongkun from the Party Committee Office made the ideological education report "Learn from Huawei about" cadre management "- Ren Zhengfei's three sentences, four knives".