Noah Chemical Holds 2025 Employee Conference

On January 21, Nuo'ao Chemical held its 2025 Employee Conference, reviewing the achievements of 2024, recognizing outstanding teams and individuals, and outlining the work plan for 2025. Qu Sichun, Party Secretary and Chairman of the Group Corporation, along with President Feng Yiyuan, attended the meeting and delivered important speeches. During the event, Gao Yong, Executive Director of Nuo'ao Chemical, provided a detailed summary of the company's performance in 2024. The conference emphasized that, under the leadership and support of the Group Corporation, Nuo'ao Chemical must remain steadfast in its confidence, stay focused on hard work, and proactively adapt to the evolving market dynamics and economic conditions. The company is determined to achieve its annual targets by strengthening target breakdown, refining operational strategies, and ensuring accountability across all levels of responsibility. Nuo'ao Chemical will continue to serve as the group’s key driver of revenue and profit growth, striving vigorously to fulfill its annual goals and objectives while forging a new chapter of corporate development.

Qu Dong mentioned that in 2024, Nooh Company aligned seamlessly with the Group Corporation, successfully achieving simultaneous progress in production operations, reform and development, and workforce stability. As a result, the company delivered impressive business results, becoming the cornerstone of the Group Corporation's profitability for 2024—truly inspiring and deeply motivating. Qu Dong then outlined the following expectations for Nooh Chemical's work in 2025:

1. Continue to uphold the principle of "optimizing and refining existing assets while extending the value chain to unlock new growth," firmly maintaining confidence in our development. Thoroughly analyze and clarify the various factors impacting the company, actively engage in extensive discussions, leverage collective wisdom, capitalize on our inherent strengths, and drive forward the company’s growth agenda.

II. The existing portfolio requires continued exploration of untapped potential and efficiency improvements. We must diligently implement the company’s established plans and work schedules to ensure their effective execution and realization.

III. Persistently focus on sales as our top priority, introduce new sales policies, and elevate our sales performance.

4. Strengthen the application of new technologies and the development of innovative products. As the key to the company's long-term, sustainable growth, we must firmly put technological innovation into practice, continue pursuing a differentiated approach, and swiftly move collaborative projects forward for implementation.

V. We must place greater emphasis on standardized operations and risk management. All aspects of the company’s management need further standardization, and senior executives should be cautious in their words and actions, ensuring everything is conducted in a disciplined manner. Fully implement comprehensive budgeting management, leveraging meticulous and scientific approaches to elevate the company’s overall operational excellence. Additionally, we must foster a strong safety-first mindset, vigorously promote talent development and deployment, and actively provide young professionals with ample opportunities to showcase their creativity and contribute meaningfully to the company’s growth.

6. The Group Corporation should actively empower enterprises in line with the management principle of "Setting the Direction, Defining Strategies, Managing Risks, Fostering Innovation, Building Platforms, and Cultivating Culture," thereby reducing corporate costs, enhancing efficiency, fully leveraging synergies, and driving overall progress across the Group.

Mr. Feng mentioned that in 2024, despite the complex market and industry conditions, Nuo'ao Chemical's new leadership team worked tirelessly and achieved impressive business results thanks to the collective efforts of all employees. As the new year begins, competition within the industry is intensifying, and market dynamics are evolving at an increasingly rapid pace. The company must face these pressures head-on, bravely tackling the challenges of involution—and from five key areas, it should thoughtfully reflect and continuously build the strength needed to break free from this cycle of cutthroat competition.

I. Emphasize technological expansion, break through product boundaries, and continue focusing on high-value-added and sophisticated products. Deeply analyze clients' industry chains to identify strategic directions for extending and diversifying our product portfolio, while thoroughly evaluating the feasibility of introducing new product categories.

II. Optimize costs and build lasting competitive barriers by further improving the material and energy consumption of each facility. Taking the Group’s comprehensive budget management as an opportunity, systematically identify areas for cost reduction and efficiency enhancement across the entire value chain—covering procurement, construction, production, transportation, operations, and sales. Actively and moderately explore integrated industrial and trading business models, fully leveraging the advantages of our tank storage facilities to establish a robust mechanism for purchasing and storing products during periods of low pricing.

3. Focus on execution, strive for perfection, and reject the "good enough" mindset. Every employee must fulfill their responsibilities diligently and pursue excellence.

4. Drive growth through simplification—embrace simplicity to tackle complexity, using Nuo’s own small cycles of transformation and innovation to navigate the larger macroeconomic cycles, and applying straightforward, efficient logic to resolve even the most intricate challenges.

5. Embrace the future by disrupting ourselves—dare to confront challenges head-on, shift our mindset, and break free from historical burdens and entrenched patterns. We must dare to dream big, take bold action, and relentlessly pursue excellence in the market. Moreover, we should boldly charge into niche segments, standing out amid fierce competition to become the most agile and competitive enterprise in the industry.