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1. Signing contract for silicon carbide project technology transfer

At 4 pm on September 28, the signing ceremony for the technology transfer of the silicon carbide project between Shanghai Shenhe Thermo-Magnetics Co.,Ltd. and Shanghai Institute of Ceramics, Chinese Academy of Sciences was successfully held in Shanghai Hanhong Precision Machinery Co.,Ltd., Ltd. With the hands of Mr. He Xianhan, Chairman of Ferreotec (China) and Mr. Song Lixin, Director of Shanghai Institute of Ceramics clenching tightly together, thunderous applause broke out on the scene. Ferreotec (China)'s strategic layout in the third generation of semiconductor materials has drawn a strong stroke.

Mr. He Xianhan, Chairman of Ferreotec (China), delivered an inspiring speech. He said that this signing is another example of the integration of production, education and research, and also an important milestone in the company's development history. The signing is only the starting point, and there is still a lot of arduous and meticulous work to be done to industrialize these scientific and technological achievements. The group has long-term experience in technology research and development and the industrialization of technological achievements. Many projects have achieved an amazing speed of implementation. Therefore, this combination of production and research will definitely achieve fruitful results. Project team leader Shi Erwei, director of Shanghai Institute of Ceramics Song Lixin, and Tongling Municipal Committee Standing Committee Member Huang Huafeng also delivered enthusiastic speeches to encourage scientific researchers participating in the project company to actively transform, and wish the project company a fruitful soon.

2. Tongling Economic and Technological Development Zone signed a contract with Shanghai Shenhe Thermo-Magnetics Co.,Ltd. for an annual output of 150,000 SIC substrates

On the afternoon of September 29th, the signing ceremony for the 150,000 SIC substrates project between Anhui Tongling Economic and Technological Development Zone and Shanghai Shenhe Thermomagnetic Electronics Co., Ltd. was held at Jinling Hotel, Tongquetai, Anhui. Ding Chun, Secretary of the Municipal Party Committee and Director of the Standing Committee of the Municipal People's Congress, Hu Qisheng, Deputy Secretary of the Municipal Party Committee and Mayor, He Xianhan, Representative Director and President of Japan Magnetic Technology Holdings Co., Ltd., and Chairman of the Board of Directors of Ferrotec (China) Group attended the signing ceremony and delivered speeches respectively. Huang Huafeng, member of the Standing Committee of the Municipal Party Committee and Secretary of the Party Working Committee of Tongling Economic Development Zone, presided over the ceremony. Guo Jianyue, general manager of Shanghai Shenhe Thermomagnetic Electronics Co., Ltd. attended the meeting.

Ding Chun, on behalf of the Municipal Party Committee and Municipal Government, congratulated the successful signing of the project and expressed his gratitude to Ferrotec (China) Group for its care and economic development support for the Tongling industrial project. He said that at present, Tongling is seizing the major historical opportunity of the integration of the Yangtze River Delta, closely following the two keys of "integration" and "high quality", continuously improving urban functions and industrial supporting facilities, continuously improving service awareness and carrying capacity, and continuously optimizing Business environment and service functions. It is hoped that Ferrotec (China) Group will deploy more large and good projects in Tongling, and promote the transformation and upgrading of Tongling's industry through win-win cooperation. The park should provide high-quality services for project construction with heart and emotion, create a superior environment for enterprise development, and build the broadest stage for high-level talents to innovate and start businesses.

Mayor Hu Qisheng pointed out that the signing of this project fully reflects Ferrotec (China) Group’s love for Tongling as a hot spot for entrepreneurship and its firm confidence in the future development of Tongling. It will also enrich the semiconductor industry ecosystem and start-up strategy for our city. The new track of emerging industries injects strong momentum. It is hoped that Shanghai Shenhe Thermomagnetic will make full use of its own industrial R&D advantages and production experience, deepen cooperation with Tongling in the semiconductor field, gather momentum, and make the SIC substrate project a new business card for Tongling's semiconductor industry, and further strengthen Tongling's semiconductor industry chain , To jointly create a large-scale semiconductor industry highland in the central region and even the Yangtze River Delta. The Tongling Municipal Government will support the development of Ferrotec (China) Group in Tongling with a high-quality business environment, and will continue to enhance the sense of gain, security and belonging of the enterprise. The Economic Development Zone should focus on the full life cycle service of the project, take care of the precious achievements of the sincere cooperation between the two parties, and help Shanghai Shenhe Thermal Magnetics Co., Ltd. to become bigger, stronger, and newer in Tongling.

He Xianhan expressed his gratitude to the municipal party committee and the municipal government for their strong support for enterprise development and project construction, and briefly introduced the group's development and construction of copper projects, as well as the application fields and performance technologies of related products. For this contracted project, I hope that both parties will actively connect, step up planning and design, and promote the early implementation of the project; at the same time, I hope that both parties will continue to expand cooperation fields, deepen cooperation, and promote more projects to settle in Tongling and develop and grow.