The Chinese Lunar New Year has passed, and the new year has arrived. On behalf of all employees, our company would like to congratulate the partners who have supported TMC Metal all the way. I wish all partners usher in new opportunities, rise step by step, and continue to be stable in the new year. The output of high-quality products and beliefs, the products are recognized by more partners. Our company will continue to serve you and provide better quality products. The following are our company’s New Year’s wishes and wishes to our employees:

First of all, our company has been established for 26 years. It has gradually grown from a metal trading company to a large metal company integrating metal manufacturing, processing and trading. With the support of national policies, our company has made great contributions to promoting the development of the industry, and has Become a well-known metal processing and manufacturing enterprise in Asia. This journey requires not only the leadership of leaders but also the efforts of every employee to advance towards our common goal of TMC Metal. I believe that every employee has learned valuable knowledge and improved themselves at TMC Metal. I have refined the skills I have learned, realized my self-worth and found my position at work, mastered my work content proficiently and had my own work ideas and plans, and implemented the work in a planned way to have a clear understanding and positioning of myself. I wish every employee can achieve higher goals and a higher happiness index in the new year. I hope every employee working at TMC Metal can work and live happily.

Secondly, the following are our company’s performance goals for next year:

According to research by the marketing department, the current industry is showing characteristics: the metal industry is still at the bottom of the supply cycle, and the cumulative growth rate of major metal output has continued to run at a low level for 10 years. The metal industry has shown strong growth, and industry growth focuses on the expansion of demand for related metal raw materials in new energy and new infrastructure industry chains. Specifically, it includes the expansion and optimization of the new energy industry chain (automobile industry chain and power generation industry chain), storage and industrial upgrade chain (energy storage, temperature control, motor equipment upgrade, etc.), as well as the renewable energy low-carbon cycle industry chain. The metal industry is still facing hedging impacts. Hedging mainly focuses on "inflation" and "uncertainty" risks, and the main hedging target asset is gold. From an inflation perspective, the current global economy is still in a stage of systemic high inflation. The development trend of the metal industry is also an important reference for our company when formulating the target plan for 2024. Our company will also focus on the development of new energy, semiconductors, and rare metal products required for high-end manufacturing.