On January 29, 2021, Ningshing Holdings' summary and commendation and 2021 business meeting were held on the 28th floor of Ningbo Tianning Building. A total of 70 senior managers from Ningshing Holdings headquarters and various companies attended the meeting.The meeting was presided over by Vice Chairman Gao Ping. The meeting first listened to the 2020 annual work report of President Huang Yongzeng entitled "Seize Opportunities, Key Breakthroughs, Continuous Innovation, Efficient and Powerful", which summarizing the company's work performance in 2020 and the main work to be promoted, and putting forward the problems in business development, and deploys Six main tasks for 2021. President Huang Yongzeng pointed out that 2021 will be a year in which opportunities and challenges coexist. It is necessary to seize opportunities and promote efficient and powerful operation of various professional sectors; plan and lead, achieve key breakthroughs in important projects; continue to innovate, and product and technology research and development will highlight practical results; strengthen mobility and improve the overall quality of operation; strengthen management and promote the company's high-quality development with the power of "fusion•change".Chairman Wu Yigang gave a speech titled "Facing Change and Opening a New Game • Joining Forces to Innovate". He pointed out that in 2020, the company actively responded to the impact of the epidemic and the severe situation, and achieved better than expected performance, showing the strong anti-risk ability formed by industrial layout, professional operation and model innovation, the improvement of quality and efficiency promoted by the company's quality and efficiency improvement and refined management, and the vitality of Ningshing people seeking innovation and change, and the courage to explore and strength. He asked all companies to strengthen the awareness of opportunities in the new year, lead by development planning, drive continuous innovation, focus on professional operation, focus on quality improvement, strengthen the Ningshing brand, focus on innovative R&D and digital construction, and achieved results of the key projects. He asked to do a good job in team building and team building, challenge higher goals with more passion and more powerful measures, push Ningshing's career to a new height, and present the 100th anniversary of the founding of the party with excellent results.The meeting commended advanced groups and individuals with outstanding achievements in 2020, and required all employees to take the advanced as an example, stand on their posts, work hard, and make new contributions to the full completion of the goals and tasks of the New Year.The general manager of each company made a positive statement on the completion of the tasks and goals for 2021, expressing that they will continue to gather strength in the New Year, set the goal, gather energy, and contribute to the new development of the holding company with excellent performance.At the end of the meeting, Vice Chairman Gao Ping put forward three requirements for each company to implement the spirit of the meeting, requiring to fully and conscientiously implement the work report of President Huang Yongzeng and the work requirements of Chairman Wu Yigang according to their own actual conditions, consensus and work together to implement; innovative breakthroughs Grasping implementation; implementing benchmarks and tables; working together, innovating and pioneering, and working hard to complete the annual goals and tasks.

OnDecember 31, Ningshing Holdings was invited to participate in the culturalfestival of the Baifeng Primary School Welcome Club, which has had a supportiverelationship with the company for more than 20 years, and celebrated New Year'sDay and New Year with the teachers and students of the school. Zhang Huihong,vice chairman of the labor union of Ningshing Holdings and director of thepresident’s office, and the company’s youth members participated in theactivity. They watched the colorful club results display and welcomeperformance, and conveyed the company’s leaders and employees’ concern andblessings to all teachers and students of Baifeng Primary School. Excellentteachers and students of the year will be awarded "Ningshing EducationalScholarship".Since the establishment of the "NingshingScholarship for Education" in 2017, more than 200 teachers and studentsfrom Baifeng Primary School have won the scholarship. Ningshing Holdings willcontinue to care and support Ningbo's education undertakings, and activelyparticipate in various charity activities for students.

Jiangsu Henry Modular Machine Tool Company,a national high-tech enterprise enjoying a solid technical background andmanufacturing heritage, has undertaken a number of national major equipmentprojects and scientific and technological research projects. It has uniqueadvantages in the field of CNC machine tools in China. Ningshing Special SteelGroup is committed to building a special steel "production, marketing,research and financing" ecosystem, with a national market network andstrong operating advantages, ranking the forefront of the domestic specialsteel distribution industry. The two parties leveraged respective advantages tosuccessfully cooperate in the research and development of the circular sawproject in 2016, and started close business cooperation in August 2020, andachieved expected results through joint efforts. In order to further utilizethe advantages of both parties, integrate resources, and extend the industrialchain, the two parties reached a consensus and decided to launch acomprehensive strategic restructuring and cooperation to jointly build aleading enterprise in China's intelligent high-end equipment manufacturingindustry, and actively promote IPO in capital market.On the afternoon of December 28, 2020,"Letter of Intent Signing Ceremony of Strategic Reorganization Cooperationbetween Ningshing Special Steel Group and Jiangsu Henry Modular Machine "was held at Jiangsu Henry Modular Machine Tool Company. The signing ceremonywas presided over by President Huang Yongzeng of Ningshing Holdings. ChairmanZhong Qiu and Chairman Wang Wentong delivered speeches on behalf of bothparties. Finally, Chairman Wu Yigang of Ningshing Holdings made a speech,hoping that the two parties will further enhance their technological innovationcapabilities, promote industrial intelligent technology, innovate business models,and vigorously explore international and domestic markets, and form four newadvantages as of ‘industry, enterprise, product, and innovation’.Under the joint witness of the leaders andparticipants on-site, Chairman Zhong Qiu of Jiangsu Henry Modular Machine and ChairmanWang Wentong of Ningshing Special Steel Group signed a letter of intent onstrategic restructuring cooperation on behalf of both parties, opening a newstage of comprehensive strategic restructuring cooperation.

On December 26, the 2020 "Ningbo NingshingHolding Cup" Tennis Invitational Tournament, hosted by Ningshing Holdingsand undertaken by Ningbo Tennis Association, was held at Yinzhou Tennis Centerin Ningbo. More than 60 tennis enthusiasts from government agencies andenterprises in the city participated in this competition. After a day of fiercecompetition, the top six teams and the top eight women's doubles were decided,and various events were successfully completed, becoming the perfect ending ofthe 2020 Ningbo Tennis Event.Over the years, Ningshing Holdings has heldvarious sports events such as tennis tournaments and actively participated inand promoted mass sports. Within the group, the Ningshing Tennis Training Teamhas been established for several months, expecting more Ningshing employees to jointhe team.