New Year's Address 2012

The Jade Rabbit is celebrating its old achievements and Jinlong is welcoming the new Spring Festival. The bell will ring in the New Year. As the New Year's Day is approaching in
2012, on behalf of the company's leadership, I would like to extend my sincere greetings and best wishes to all employees and family members of the company. I wish you all
good health and smooth work!

Looking back on the past, we are full of pride. In 2011, the global economic recovery was slow, China's economy was struggling in the complex environment of high inflation
and restructuring, and the domestic machine tool market changed dramatically. Faced with the severe external situation, the company based on its own reality, seize opportunities,
promote development through innovation, overcome the heavy production tasks, workload is far beyond the past; a variety of products come on the scene alternately; production
supporting organization difficulties. New product development is becoming more difficult and the preparations for listing are urgent. Through organizing exhibition battles in the
first quarter, fighting for more than half in the second quarter and working hard for forty days at the end of the year, we have made breakthroughs in all aspects of work and
achieved stable growth of business performance and effective improvement of management level. Rise. By the end of the year, the company has achieved a new high output value!
Achieve a new high profit! The new contract has reached a new high! Sales returns have reached a new high! These hard-working footprints all deduce a new chapter of sincere
employees. Every solid step taken by the company can not be separated from the hard work of all staff. For this, the leadership of the company and I will never forget, and express
our heartfelt thanks to you!

New Year's Day and Moon, Spring and Earth. Looking back on the past, inspiring; looking forward to the future, full of pride.

In 2012, the tasks facing the company will be more arduous, and the external environment will be more complex. It can be said that the company is sailing against the current, and
if it does not advance, it will go backwards. In the new year, the company will continue to forge ahead and strive for efficient and long-term development. In 2012, we will further
increase the awareness of innovation, crisis and breakthrough, and enhance the passion and responsibility of work. We will insist on giving priority to the advantages of enterprises
and seek greater development space. We will increase the implementation of talent strategy. Efforts to provide a broader development stage for the majority of young and
middle-aged employees and technical backbone; we should continue to improve the rules and regulations of the enterprise, through various forms in all employees to cultivate a
respect for rules and regulations and consciously abide by the rules and regulations of the enterprise culture atmosphere.

When the wind is in full swing, we should break the waves and sail; there is a long way to go, and we still need to raise the whip. Let's work together to seize opportunities, work
hard, forge ahead, use wisdom and sweat to meet the more brilliant future of sincere machine tools, and compose a grand chapter of the development of sincere machine tools
by leaps and bounds.

Leng Jie, Chairman and General Manager