——Hegang Group Supply Chain Center Industrial Product Supermarket Group Purchase Launch Meeting

On April 26, 2023, at the Yanshan Hotel in Shijiazhuang, the Supply Chain Center of Hegang Group held a grand kickoff meeting for the group purchase of steel industrial products supermarkets. More than 300 people, including procurement personnel from Hegang Group's supply chain center, eight subsidiaries of Hegang Group, and representatives of hundreds of suppliers, gathered together. Wang Xiqi, General Manager of Baoji Hengtong Electronics Co., Ltd., led a team to participate in this grand event.

Hegang Group has eight subsidiaries, including Han Steel, Tang Steel, Shi Steel, and Wu Steel, with an annual output of over 40 million tons of steel and a revenue of nearly 500 billion yuan in 2022. It ranks 189th among the Fortune 500 and is a major steel group in China. Conforming to the trend of the times and grasping the market opportunities, the Supply Chain Center of Hegang Group came into being, integrating the procurement, finance and Internet resources of the Group's eight subsidiaries, and building a professional platform system such as industrial supermarket, online freight, steel spot retail, scrap trading, etc., realizing the integration of business flow, logistics, capital chain and information flow.

At the beginning of the meeting, Li Fenghui, General Manager of Hegang Supply Chain Center, gave an enthusiastic speech, introducing the center's overview. Subsequently, Liu Zeyong, General Manager of the Industrial Products Business Unit, introduced the industrial product group purchase promotion. Subsequently, the cooperative licensing ceremony, group purchase signing ceremony, and supply and sales exchange symposium were held in sequence, with rich content and full supply, reflecting the strong strength and pragmatic spirit of Hegang Supply Chain Center, It has also given us a deeper understanding of the current market and strengthened our confidence in continuing to deepen our efforts in the steel market.

Since September 2022, Baoji Hengtong Electronics Co., Ltd. has started a market direction transformation and established a sales department to focus on developing the first tier customer market. The steel industry has been the first target of the battle. Over the past six months, it has been successfully selected as a qualified supplier for more than 30 steel groups, including Shougang, Xugang, and Taigang, and has provided services to Xugang, Lianyungang Huale Alloy, Jiangsu Changqiang Steel, and Nanyang Hanye, Eight customers, including Mount Taishan Iron and Steel, have provided high-quality products and won unanimous praise from customers. This invitation to participate in the supply and sales docking meeting at the Supply Chain Center of Hegang Group not only reflects the current market demand and recognition for domestically produced high-quality products, but also the market's recognition of Baoji Hengtong. We hope to continue our efforts and adhere to the corporate philosophy of "technology first, quality is life". We will seize the market opportunity of domestic substitution for imported products, make Baoji Hengtong bigger and stronger, and provide high-quality products and services to more customers.