Hanma Technology: Investors Ask About Business Issues, Board Secretary Responds with Development Initiatives and Product Applications

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Investor Question:

Last year, Geely Auto promised to resolve the internal competition among subsidiaries for heavy trucks at the beginning of this year’s annual meeting, to help Hanma Technology develop better. Has this issue been resolved now? Did the company achieve a good start in production and sales in the past two months? With the Middle East conflict causing oil prices to surge, how does your company plan to leverage this favorable opportunity to increase the production and sales of ethanol hydrogen electric vehicles? Strive for better operational performance to reward investors. Does your company have ethanol hydrogen systems for large ocean-going ships over ten thousand tons? If not, are there plans to develop and research such products? The market demand is huge.

Secretary of the Board Answer (Hanma Technology SH600375):

Dear investor, regarding major issues related to industry competition, the company will strictly follow the Shanghai Stock Exchange Listing Rules and other regulations to disclose information in a timely manner, ensuring that the majority of small and medium investors can access information fairly and promptly, safeguarding their right to know. The company has noted the rapid growth in overseas heavy truck demand and will continue to promote the development of overseas markets, deepening reforms in overseas marketing systems: 1. Enhancing product strength: breakthroughs in new energy technology, differentiated product strategies, and high-end transformation. 2. Actively expanding online channels: key breakthroughs along the Belt and Road: focusing on Southeast Asia, the Middle East, Africa, and other Belt and Road countries as core markets, expanding share based on local infrastructure needs. Developing customized solutions for niche markets, with a focus on South America and other important markets. 3. Optimizing parts service network: including digital management, local cooperation, and exclusive service policies to meet different market needs. Besides road applications, our company’s methanol engines are also used in ships, generators, and engineering machinery in non-road fields. Thank you for your attention to the company.

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