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On October 31, in the golden autumn of October, our group's Korean company Kaishan Compressor Korea Co., Ltd. (abbreviated as "KCK") held an opening ceremony. Cao Kejian, Chairman of Kaishan Holding Group Co., Ltd., Cui Feng, Vice President of the Holding Company, Shi Yong, Quality Director of the Group, Ye Zonghao, General Manager of the Asia-Pacific Company, Li Heng, Manager of the First Marketing Department and Deputy General Manager of the Asia-Pacific Company, and Xu Ning, Manager of the Product Marketing Department of the Overseas Operation Division, attended the celebration.

Mr. Koh Kwanhyun, President of Kaishan Compressor Korea Co., Ltd., presided over the opening ceremony of Kaishan Korea. About 50 invited guests from the Korean compressor and related industries witnessed the opening ceremony of Kaishan Compressor Korea Co., Ltd.

Cao Kejian, Chairman of Kaishan Holding Group Co., Ltd., Cui Feng, Vice President of Kaishan Holding Group Co., Ltd., Mr. Koh, General Manager of Kaishan Compressor Korea Co., Ltd., and four Korean dealers and customers jointly cut the ribbon for the establishment of the new company.

Mr. Cao Kejian, Chairman of Kaishan Holding Group Co., Ltd., made a special trip to witness the opening ceremony of Kaishan Korea and delivered a speech at the opening ceremony. He said that last week Kaishan Group won the Frost & Sullivan Global Industrial Compressor Competitive Strategy Leadership Award. This global authoritative award proves the correctness and foresight of Kaishan's globalization strategy. The establishment of KCK is another major move for Kaishan Group to layout the global market and another important move for Kaishan to enter the high-end market in the process of globalization. Chairman Cao introduced Kaishan's three major visions to the participants. He hopes that with the strong support of Korean partners, Kaishan will achieve the goal of "becoming an international top integrated compressor manufacturer."

Mr. Koh, President of Kaishan Compressor Korea Co., Ltd., thanked the guests who were invited to the opening ceremony, thanked and hoped that Korean users would continue to support Kaishan, help Kaishan products take root in the Korean market, and become an important participant and leader in the Korean compressor market. Kaishan continues to invest in research and development and new products, giving Korean users more choices and bringing better product experience and services.

At the opening ceremony, KCK introduced Kaishan's development history, product series and Kaishan's global organizational structure to the invited guests. He emphasized that, as Frost & Sullivan's evaluation of Kaishan: Kaishan has become a "torchbearer" in the compressor industry. As an important market for global industrial products, especially electronic products, Korea is also full of willingness to ignite the Kaishan torch in the Korean market, and follow Korean companies to various emerging markets around the world. In addition to being based in the Korean local market, Kaishan products must be deeply deployed in the markets touched by Korean capital, and it is hoped that the advanced innovation concepts of the Korean industrial market will be implanted in Kaishan's future industry development process. Like other companies in the Kaishan family, it has become an important part of Kaishan's global puzzle.

The opening reception of Kaishan Korea was held at KCK's headquarters overlooking Seongnam City and Gangnam District in Seoul in the distance. The guests drank and talked about the future of Kaishan.