With lofty aspirations, no height is insurmountable; the blueprint is drawn, and the time for struggle is now!

——Yiduo Group 2019 Year-End Summary

        A new year, a new beginning. Bidding farewell to the eventful year of 2019 and welcoming the challenging year of 2020, Yiduo Group's 2019 annual meeting was held as scheduled amidst great anticipation.

        On the morning of January 13, 2020, at 9:30 am, managers from Yiduo Group and its subsidiaries gathered at the 20th-floor meeting room of Wuxi International Hotel for the 2019 annual work summary meeting. The meeting, hosted by Shen Wei, the Group's General Legal Counsel, included four agendas: year-end summary reports from Yiduo Group's subsidiaries, an important speech and work deployment by Xie Lingyun, Executive Director of Yiduo Group, year-end exchanges between Yiduo Group and its subsidiaries, and the Yiduo Group year-end dinner.

Year-End Summary Reports of Yiduo Group's Subsidiaries

        Heads of Yiduo Group's subsidiaries delivered work reports based on their respective company situations, providing a comprehensive summary of the 2019 production and operation status and outlining the 2020 work plans and targets.

        Zheng Qibao, General Manager of Xuzhou Fengcheng Salt Chemical Co., Ltd., delivered a work report titled "Upholding Integrity, Following the Right Path, Enhancing Enterprise Competitiveness Through Legal Compliance." In 2019, Xuzhou Fengcheng Salt Chemical Co., Ltd. focused on "cost reduction and consumption reduction" to achieve its annual goals. Through activities such as the "First Quarter Excellent Start," "Risk Prevention, Hazard Elimination, and Accident Prevention," "Summer 100-Day Safe Production Without Accidents Labor Competition," and "100-Day Battle for Safety and Efficiency," all cadres and employees worked hard, united in struggle, and focused on practical work, maintaining a steady development momentum and achieving hard-won results. In 2020, Xuzhou Fengcheng Salt Chemical Co., Ltd. will rise to the challenge, focusing on the working principles of "legal and compliant operation, and building a beautiful home," addressing all challenges brought by "uncertainty" and jointly building a "beautiful Fengcheng home."

        Zhong Ping, General Manager of Xuzhou Tiancheng Chlor-Alkali Co., Ltd., comprehensively summarized the 2019 work based on financial indicators, product output, quality, consumption, safety and environmental protection, marketing, and administrative logistics management. Due to the overall decline in the markets for white carbon black and caustic soda, the company's overall production and operation situation was not ideal. In 2020, the company will lead all employees to work diligently, strictly implement various management measures, tap potential and increase efficiency, and make every effort to reverse the company's production and operation difficulties.

        In her summary report, Ju Yanjun, General Manager of Jiangsu Tianhong Chemical Co., Ltd., pointed out that 2019 was the most severe year for the chemical industry. Jiangsu Tianhong Chemical Co., Ltd. always adhered to the principle of "safety first, prevention first, and comprehensive management," safely navigating 2019 and achieving some results. In 2020, the survival and development space and situation remain severe, bringing greater challenges but also opportunities. Jiangsu Tianhong Chemical Co., Ltd. will turn pressure into motivation, unite as one, and forge ahead, with a new look and refined management, striving to achieve the company's 2020 targets!

        Hu Zhenping, General Manager of Jiangsu Jinma Real Estate Co., Ltd., summarized the 2019 work on the progress of the Meiliang Lake Scenic Area "Fuzhuwan" project and other asset management situations. 2020 will be a new beginning. Jiangsu Jinma Real Estate Co., Ltd. will promptly grasp new policies and regulations, maintain contact and communication with relevant departments on projects, actively attract tenants, and fully complete relevant target tasks.

        Shen Wei, General Manager of Wuxi International Hotel Co., Ltd., reported on the 2019 work of the International Hotel. He pointed out that 2019 was a difficult year, with an overall economic downturn, significant price increases, fierce industry competition, and changing business models. The International Hotel received strong care and support from the Group and its leaders, but unfortunately failed to achieve its annual business targets. In 2020, the International Hotel will face the challenges with courage and resilience. We believe that under the strong leadership of the Group and through the hard work of all employees, we will definitely withstand the test and achieve our annual goals.

        Hu Tian Guang, Deputy General Manager of Wuxi Jinma Property Management Co., Ltd., summarized the 2019 operation and management situation of Jinma Property. Faced with fierce market competition, all employees of the company united as one, forged ahead, worked closely around the work objectives set at the beginning of the year, achieved the goals of business development, continued to improve management, and steadily improved service quality. In 2020, faced with opportunities and challenges, all employees of Wuxi Jinma Property Management Co., Ltd. will work together and forge ahead to maximize the value of the company and its employees, achieving sustainable economic development for the company and careers for its employees.

        Jiang Yu, senior consultant of Yiduo Group, delivered a 2019 work summary report on behalf of Heilongjiang Northern Jinma Real Estate Co., Ltd., covering real estate, sales, and property management. With the guidance and assistance of the Group's various departments, and through the joint efforts of all employees, Heilongjiang Northern Jinma Real Estate Co., Ltd. basically completed its 2019 business objectives. In 2020, the company will continue to earnestly implement the Group's various system requirements, carry forward the Group's corporate spirit, and complete the entire project's winding-up work to create maximum returns for shareholders.

        Zou Hui, Deputy General Manager of Wuxi Mengxiang Tiandi Business Service Co., Ltd., supported by detailed data, comprehensively summarized the 2019 work of Mengxiang Tiandi from six aspects: finance, teaching, operations and investment promotion, administration, and engineering. Based on the actual situation, she made detailed plans for the 2020 work, calculated detailed business indicators, and clarified task objectives.

        Ding Xinjian, Chairman of Wuxi Yiduo Education and Training Center Co., Ltd., delivered a 2019 work report. Since its preparation in October 2019, Yiduo Education has been actively working on campus decoration, team building, obtaining business licenses, opening ceremonies, and winter vacation class promotion. Based on objective and detailed market research data and reference to successful examples in the industry, Mr. Ding has set clear business management objectives and medium-and long-term plans for Yiduo Education.

Xie Lingyun, Executive Director of Yiduo Group, Delivers Important Speech and Work Deployment

After each subsidiary company completed its report, Xie Lingyun, the executive director of Yidu Group, delivered an important speech and work deployment themed "Aspirations Soar High, No Heights Are Unreachable, The Blueprint Is Drawn, It's Time to Strive!" Xie's speech concisely summarized the strengths and weaknesses of each subsidiary company and outlined the key development directions for 2020. She pointed out that the most significant factors affecting the achievement of the 2020 goals were the aging of the personnel management layer, the serious downturn in the real economy, and changes in national policies. Faced with the severe external situation, how to achieve the goals is something that the company's management team needs to deeply consider and strive for. 2020 carries the group's expectations for transformation and refined management, and is also a year of continued exploration and progress. It is hoped that all managers will demand themselves from a new starting point and a new beginning, with rock-solid confidence, a sense of urgency, and meticulous implementation, working together to pursue dreams, using loyal beliefs, responsible commitments, wisdom and courage to deliver a complete answer full of professionalism and confidence to the Group!

Yidu Group and Subsidiaries' Year-End Exchange

Following this, Yidu Group and its subsidiaries held a year-end exchange. The companies exchanged information fully, learning from each other's strengths and weaknesses, coordinating and supporting each other, and promoting mutual improvement. They also held thorough discussions and exchanges on the work targets for 2020. Facing the tasks and goals of 2020, everyone is full of passion and confidence, and expressed their determination to meet the challenges head-on, forging ahead, and leading all employees to work together to submit a satisfactory answer to the Group.

Yidu Group Year-End Banquet

After the tense and well-organized work summary meeting, all managers and employees of Yidu Group attended the year-end banquet. Xie Jubao, founder of Yidu Group, also attended the dinner. The International Hotel provided a sumptuous dinner and interactive lottery session, with all prizes provided by Xie Lingyun, executive director of Yidu Group. The atmosphere at the banquet was enthusiastic, with employees singing, reciting passionate poems, and cheers ringing out continuously. The Yidu Group 2019 annual meeting concluded in a joyous atmosphere.

Looking back at 2019, there were hardships and achievements. Looking forward to 2020, we are full of hope and dreams. The new year brings new hope, and the new journey will create new glories. Let us seize the day and live up to our youth, and together welcome a brighter tomorrow for Yidu Group!