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On January 11, 2025, the company held a mid level performance evaluation meeting for 2024, where senior management gathered to learn from the achievements of 2024 and draw a blueprint for the future.

During the meeting, the heads of each department presented their work reports for the previous year through methods such as presenting data, making comparisons, and giving examples. They not only detailed the achievements and highlights, but also candidly analyzed the shortcomings and deficiencies. Based on this, they carefully proposed their work ideas for 2025 and future development plans.

Subsequently, the responsible leaders also summarized the work in their respective fields and, based on the current situation, put forward a strategic plan and focus for 2025, further clarifying the company's future development direction and strategic goals, providing solid strategic support for each department.

General Manager Sun Jiaxing expressed sincere gratitude to all management personnel for their hard work over the past year and highly praised the company's excellent performance in safety management and development last year. Mr. Sun stated that each department is brave enough to self analyze, identify their own shortcomings, and propose practical and feasible action plans. For the issues raised by everyone, the company will organize special meetings to discuss and make decisions, work together to solve management difficulties, and arrange and deploy key work for 2025 to ensure the smooth completion of various business and management goals in 2025. Mr. Sun emphasized that despite the unpredictable external situation and complex uncertainties in 2025, as long as we uphold the spirit of hard work, learn from others' strengths, and learn from each other's management ideas and methods, we will be able to continuously innovate in practice and promote the company's sustained and steady development.

In terms of communication, Mr. Sun requires all cadres to adhere to the principles of mutual trust, seeking truth from facts, empathy, proactive responsibility, and humble learning, continuously improve work efficiency, and maintain an equal attitude.

When it comes to the construction of cadres' work style, Mr. Sun said that we should strengthen the construction of work style, be down-to-earth, maintain goals and a sense of responsibility, and always have a grateful heart. The company is a platform for employees to showcase their abilities and realize their self-worth, which requires everyone to work together and make progress together.

Chairman Qin Xiaoqi stated that in 2024, with unwavering perseverance and innovative spirit, we will adhere to our original intention and forge ahead in the complex and ever-changing market environment. This not only consolidates our advantageous position in the traditional chemical industry, but also lays a solid foundation for Tengfei's upcoming new track in 2025.

She pointed out that the uncertainty of the global trade environment and increasingly fierce market competition have brought us many challenges. In addition, the increasingly strict requirements for environmental protection and safety have raised higher standards for our production processes and safety and environmental measures. In the face of these opportunities and challenges, we will continue to uphold the business philosophy of people-oriented, continuous struggle, and creating a century old foundation, and actively respond. As long as all of us Dena people unite and work hard, we will definitely be able to ride the waves of the chemical industry, set sail and create even more brilliant achievements!

Assistant General Manager Qin Yihan emphasized the strategic position of the company's semiconductor business, stating that 2025 is the official year of the company's semiconductor development. Among them, promoting the development of G4 level business is regarded as the core task of enterprise development, which requires close collaboration and coordination among all departments. The strategic layout of initial investment must accurately align with market demand, be customer-oriented, and achieve optimal allocation of resources.

Sometimes the wind breaks through the waves, and the sail hangs straight over the vast sea. This performance evaluation meeting is not only a comprehensive review of the work achievements of middle and senior management personnel, but also an opportunity for everyone to exchange experiences and learn from each other. At the same time, it is also a 'great mobilization' to boost morale and plan for the future, inspiring us to move forward with determination in the new journey. In the new year, we will continue to uphold our unwavering beliefs, respond flexibly to external environmental changes with more enthusiasm and firm steps, and work together to create a new chapter in the company's development.