Strive for a new era and embark on a new journey of pursuing dreams. On the morning of January 27th, the company held a grand 2022 work conference in the multifunctional hall on the first floor of its headquarters in Yuelu District, Changsha, and simultaneously broadcasted it online. Liu Ping'an, Vice President (Vice Dean) of Hunan University of Traditional Chinese Medicine and Hunan Provincial Institute of Traditional Chinese Medicine, Cai Xinya, Deputy General Manager, Party Branch Secretary, and Chairman of Xingxiang Group, Shen Fanshun, Deputy Secretary of the Party Branch and General Manager of the company, as well as shareholder representatives, directors, supervisors, and middle-level and above management personnel attended the offline meeting.

At the meeting, the company's general manager Shen Fanshun presented the 2022 annual work report. He pointed out that 2021 is a milestone year in the history of the Party and the country. In the past year, facing unprecedented pressure brought about by the implementation of the new policy on traditional Chinese medicine formula granules, all employees of the company fully implemented the decisions and arrangements of the shareholders' meeting and the board of directors, united as one, worked tirelessly, and achieved steady progress in business performance, scientific research achievements reached expectations, work efficiency significantly improved, and achieved a good start to the 14th Five Year Plan. At the same time, he stated that the development and growth of traditional Chinese medicine in the future epidemic environment is the trend; Under the current policy environment, the intensification of industry competition is inevitable; Under the emphasis on the development of traditional Chinese medicine at the national and provincial levels, it is urgent to occupy a new strategic high ground and promote enterprise industrial upgrading. 2022 is the first year for the company to achieve asset securitization. We will closely focus on the development strategy of the big health industry, and make key efforts in implementing the "14th Five Year Plan" strategic plan, launching listing work, optimizing production conditions, increasing research and development efforts, expanding traditional Chinese medicine resources business, promoting digital construction, strengthening talent team construction, deepening the integration of parent and subsidiary companies, improving risk management level, and strengthening party building. In the new year, we will create a new situation of high-quality development for Chunguang Jiuhui and achieve new brilliance.

The chairman of the company, Cai Xinya, delivered an important speech. He mentioned that in 2021, the company fully completed all the task indicators assigned by the group, achieving synchronous growth in both scale and profit, in response to the challenges of the new policy on traditional Chinese medicine formula granules; Construction of a new production line project at Liuyang Base; Research on classic formulas; Research and development of new products such as Tonic Diet, pharmaceutical makeup, and big health food from the same source of medicine and food; Traditional Chinese Medicine Resource Business; Industrial chain extension; We have achieved certain results in party building and other aspects of work. Four requirements are proposed for the 2022 work goals and implementation path. One is to have the spirit of innovation, creativity, and hard work. This year, Chunguang Jiuhui will quickly build a new formula granule production line and put it into operation. The newly developed formula granule national and provincial standard varieties should be able to meet market demand as soon as possible and minimize the adverse effects of product shortages on the company. The business sector of traditional Chinese medicine resources needs to quickly open up and form a scale. The second is to coordinate development and security. This year's work should maintain a progressive trend while also grasping the premise of stability. Faced with the economic downturn both domestically and internationally, the intensification of external market competition under the new policy of formula granules, the tightening of industry regulation, the rise in raw material prices, the increase in fixed costs, and the expansion of management, we need to be mentally prepared and maintain a good working condition at all times to safeguard the basic foundation of the company's development. The third is to adhere to the three orientations and focus on work, namely problem orientation. We need to use benchmarking to identify problems; Goal oriented, when we work, our thinking should be clear, our goals should be clear, and our results oriented approach is to speak with data, judge success or failure as heroes, and use results as the sole criterion for testing our work. The fourth is that the work must be implemented, that is, changing the mindset and implementing it; Overall coordination and implementation; Maintain composure and focus on implementation. In the future, we will seize opportunities and aim to go public during the 14th Five Year Plan period to achieve high-quality development of enterprises in the process of transforming Hunan from a province with abundant traditional Chinese medicine resources to a strong province in traditional Chinese medicine.

President Liu Ping'an, on behalf of Hunan University of Traditional Chinese Medicine and Hunan Provincial Institute of Traditional Chinese Medicine, expressed sincere gratitude to all shareholder units, leaders at all levels, and customer friends who have always shown concern and support for Chunguang Jiuhui. He stated that in the future, both hospitals and enterprises should continue to strengthen exchanges, deepen cooperation between hospitals and enterprises, create a comprehensive health industry chain, fully grasp the historic opportunity of promoting the revitalization and development of traditional Chinese medicine in the national "14th Five Year Plan", and make contributions to promoting the revitalization and development of traditional Chinese medicine and assisting the development of traditional Chinese medicine in Hunan; Taking advantage of the cooperation opportunities with Hunan University of Traditional Chinese Medicine and the Provincial Institute of Traditional Chinese Medicine, we aim to promote the transformation of research project achievements and achieve a win-win cooperation; Expand business ideas, further expand market size, and seek long-term stable development of the enterprise.