DEVELOPMENT OF HONGWANG HOLDING GROUP

Hongwang became China's first privately-owned enterprise to achieve a breakthrough in wide-width cold-rolled coils.

Guangdong Hongwang Investment Group Co., Ltd. was established, marking the start of group operations.

Sichuan Hongwang Stainless Steel Co., Ltd. Commenced production, a key step in expanding into the Southwest market.

Henan Hongwang Metal Material Co., Ltd. Commenced production, becoming the largest and most technologically advanced stainless steel sheet processing base in Central China.

Zhaoqing Hongwang 1450 five-stand tandem mill project commenced operation, creating China's first stainless steel five-stand tandem mill with continuous annealing and pickling, ushering in the era of continuous cold rolling.

Fujian Hongwang Phase I 700,000-ton 1450 three-stand continuous rolling, annealing, and pickling line commenced operation, achieving another breakthrough in rolling technology.

Shandong Hongwang 1.2-million-ton nickel-based composite materials project commenced production, a major move to expand in the Northern market and optimize domestic capacity layout.

Zhaoqing Hongwang Processing Center's full-coil colored steel project commenced operation, marking the Group's official entry into high-value-added full-coil colored steel processing, driving further industrial chain upgrades.

Yangjiang Hongwang Phase I 700,000-ton 1450 four-stand continuous rolling, annealing, and pickling line commenced operation, becoming a leading "lights-out factory" for intelligent cold-rolled stainless steel manufacturing in China.

Hongwang Group was ranked for the first time among the "Top 500 Chinese Enterprises" (485th) and the "Top500 Chinese Manufacturing Enterprises" (231st).

Construction commenced on the Hongwang Holdings Group Headquarters Building, set to become a landmark and a "golden name card" for urban development in Nanhai, Foshan.

Hunan Hongwang commenced production of its High Permeability Grain-Oriented Electrical Steel (HiB) and mid-to-high grade Non-Grain-Oriented Electrical Steel,marking a major breakthrough for the Group in the field of high-end electrical steel manufacturing.

Hongwang Tanzania Holdings (HWTZ) completed its Overseas Direct Investment (ODl) filing, establishing a comprehensive overseas industrial chain platform for metal new materials.

The trial production began for Guangxi Hongwang's mid-to-high grade Non-Grain-Oriented Electrical Steel and High-End Galvanized Sheet production lines, further enriching the group's portfolio of high-end metal new materials and optimizing its regional strategic layout.

Hunan Hongwang began trial production at its high-performance Iron Core Smart Manufacturing Industrial Park and its Iron-Based Amorphous Ribbon & Composite Materials project, continuously extending the electrical steel industrial chain and pioneering a new era of decarbonization through materials.

The Group’s headquarters, Caihongli Building, was officially inaugurated.