Dear Partners,

The Year of the Rabbit has passed by swiftly, and the Year of the Dragon ushers in a new beginning! Finally, we have emerged from the pandemic, but the uncertainties of the external environment have become the norm. At the same time, the diversified demands of the market have given rise to an industrial ecosystem where all things coexist! The market requires more segmented and professional supply partners. We need to constantly reflect: what value can we create for our customers?

Looking back on these 365 days and nights, we have experienced the pain of failure and the joy of harvest. All these are precious treasures, and we are grateful for everything!

First of all, I would like to wish a Happy New Year to our overseas partners in Thailand, Japan, and the United States!

Thank you to our TFC partners in Thailand. Despite the intense heat, the construction of the Thai factory has been carried out as scheduled. Thank you to the partners in the Thai team who have crossed mountains and seas, sacrificing their own small families for the greater good and making selfless contributions. Thank you to the domestic and foreign members of the Thai project team for their coordinated support, which has firmly implemented the company's strategy of having dual production bases at home and abroad. TFC is setting sail overseas, and the future looks promising!

Thank you to our TFC partners in Japan for their pursuit of excellence, persistent technological innovation, and rapid delivery to meet customer needs!

Thank you to our TFC partners in the United States for your close collaboration, which has enabled the Bamboo Shoot Project to break through the ground and the Snow Lotus to bloom!

Thank you to all product lines of TFC for overcoming the various difficulties brought about by order fluctuations. Without hesitation and regardless of the cost, you have made arduous efforts to meet customer needs!

Thank you to our R&D partners for surmounting difficulties, our marketing partners for their pioneering spirit and perseverance, and our partners in functional departments for your countless efforts in coordination and cooperation! Thank you to our facility and equipment partners for your hard work and uncomplaining dedication even during holidays!

At the end of the old year and the beginning of the new year, we are especially grateful to our dear customers. Every exchange and guidance during your audits are opportunities for our growth! Thank you for your tolerance and trust! Whenever you need us, we will always be there!

Thank you to the leaders from various places for your care and assistance, and thank you to our supply chain partners for your strong support!

From 2005 to 2023, TFC has turned 18 years old! At the age of 18 with aspirations, we make a small vow: in the new year, we will get things right the first time, and we will craft every single product with our hearts! We will complete every task with dedication! Let the craftsmanship shine brightly wherever it reaches! At the age of 18 with aspirations, we build our dreams with craftsmanship!

TFC's Theme for 2024: Run, Don't Walk —— Upgrade the IT System! Upgrade the Talent! Upgrade the Work Quality!

The annual theme is the main melody of our work for this year and the key direction of our efforts!

"Run, Don't Walk" applies to all our partners. We need to run, respond quickly to the needs of internal and external customers, and solve problems promptly. In just seven magical days, we will make every customer satisfied. Our teams and individuals need to grow rapidly to achieve the three-year equity incentive goals and bring stable happiness to every partner!

Partners, we should deepen our understanding and respect for the processes during the upgrades of the three major systems: ERP, PLM, and MES!

Every business unit should attach importance to the construction of the talent echelon, and every TFC partner should upgrade their own knowledge systems and business capabilities! We should strive for quality in every piece of work and approach things in a deep and systematic way!

Poor-quality products and work lacking quality are a betrayal of time and life!

"Run, Don't Walk" embodies the spirit of the dragon and horse. Let's go all out, for our customers, for our goals, and for a better version of ourselves!

Happy Year of the Dragon! We wish the relatives of TFC partners and our customer friends a happy, healthy, and wonderful Year of the Dragon!

General Manager of TFC COMMUNICATION Co., Ltd.: Ou Yang

December 31, 2023