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Recently, a highly efficient new type of machinery has been successfully introduced to our company, bringing about a revolutionary change in powdered products. This equipment is capable of processing powders to a finer texture, providing consumers with a better sensory experience. The device utilizes advanced grinding technology, employing high-speed rotation and precise grinding operations, as well as air sieving, to thoroughly refine the originally coarse powder particles. This breakthrough technological innovation has made our powdered products smoother and more delicate in texture, offering users a completely new usage experience. It is understood that this equipment has undergone multiple experiments and improvements during its development process to ensure it achieves optimal processing results. Through repeated debugging and optimization, we have successfully introduced it to the production line, greatly enhancing product quality and user experience. From now on, consumers will be able to enjoy a more comfortable sensory experience. Whether it is foundation, loose powder, eyeshadow, blush, or any other powdered product in cosmetics, they will be more refined due to the addition of this new equipment. The fineness of the products will be greatly improved, allowing for a better fit to the skin and significantly enhancing the products' spreadability and longevity. The successful introduction of this new machinery signifies an important step for our company in technological innovation and product quality. We will continue to increase research and development investment, continuously promote technological innovation, and bring more high-quality products to consumers. We believe that the introduction of this new machinery will bring about a tremendous transformation in the powdered product market. We look forward to consumers experiencing the remarkable improvement in product texture during use, providing them with a better experience.

Our company has successfully entered the Southeast Asian market and launched 16 finished products within just one month. We are currently in detailed discussions with 142 local agents, laying a solid foundation for further market share expansion. Our company has always been committed to expanding business globally and has maintained a high growth momentum. This entry into the Southeast Asian market is another important milestone in our globalization strategy. By launching 16 finished products, our company further meets the demands of the Southeast Asian market. These products include lipstick/lip gloss/eyeshadow/eyeliner/false eyelashes/blush/highlighter/contour/foundation/loose powder/eyebrow pencil and other full range of cosmetics. Our company's products are competitive in terms of design, quality, and price, and are highly favored by local consumers. With advantages in supply chain, logistics, and payment, our company provides customers with one-stop solutions. This not only greatly simplifies the operation process for customers but also improves efficiency and accuracy, further strengthening our influence in the Southeast Asian market. We have conducted detailed discussions with 142 local agents. These agents have shown strong interest in our products and solutions and are confident in future cooperation. Both parties will have in-depth discussions on product pricing, market promotion, and after-sales service to achieve win-win development. Our company's ability to obtain so many agent collaborations in a short period of time is attributed to our advantages in products and solutions. At the same time, we also value cooperation with agents, actively listen to their needs, and provide comprehensive support and training. This positive attitude towards cooperation will further consolidate our position in the Southeast Asian market. As detailed discussions with local agents progress, the industry is full of expectations for our company's performance in the Southeast Asian market. The success of this entry into the Southeast Asian market will inject new momentum into our company's globalization strategy and lay a solid foundation for our future development.

Our company recently participated in the 2023 Vietnam Cross-border E-commerce Exhibition and achieved tremendous success. During the exhibition, we were honored with the "Best Makeup Award," attracting significant attention from visitors. Additionally, a Vietnamese influencer used our company's makeup products for a live makeup tutorial, causing a great sensation. Our booth became one of the highlights of the exhibition, attracting a large number of visitors. The display of our products drew a crowd, with many visitors showing a strong interest. In particular, a Vietnamese influencer used our makeup products at our booth for a live tutorial, resulting in a rapid increase in viewership and attracting a large number of fans and potential customers. Furthermore, another influencer signed a partnership agreement with us on the spot. This influencer has a wide reach and a substantial fan base in Vietnam, and their partnership will bring greater exposure and sales for our products. In addition, we had preliminary discussions with 12 potential agents and negotiated cooperation details. These agents showed great interest in our product line and brand, and they expressed their desire to become our partners in Vietnam, jointly exploring the market. Participating in the 2023 Vietnam Cross-border E-commerce Exhibition is an important step for our company's expansion into overseas markets. Our products were recognized for their high quality and innovation at the exhibition, attracting a large audience and potential partners. We believe that through the success of this exhibition, we will be able to further expand our influence in the Vietnamese market and establish a solid foundation for the company's long-term development. Looking ahead, we will continue to strengthen our cooperation with the Vietnamese market, deepen our partnership with agents, constantly improve product quality and service levels, and bring more high-quality makeup products to Vietnamese consumers. We firmly believe that through continuous efforts and innovation, we will achieve even greater success in the Vietnamese market.

Recently, a group of senior executives from our company visited the International Cosmetics Research Institute located in Baiyun District, Guangzhou, and reached a cooperation intention with the International Cosmetics Research Institute of the China Academy of Chinese Medical Sciences. This cooperation will rely on the research institute's technological research and development capabilities, and is committed to the development of Oriental herbal cosmetics and healthy cosmetics. As a leading institution in China's cosmetics industry, the International Cosmetics Research Institute in Baiyun District, Guangzhou has always been committed to exploring and developing cosmetics with Oriental characteristics. Its unique technological advantages and innovative capabilities have been highly praised by the industry. This cooperation will fully leverage the research institute's technological advantages, combine with the Chinese Academy of Chinese Medical Sciences' International Cosmetics Research Institute's knowledge of traditional Chinese herbal medicine, and promote the development of Oriental herbal cosmetics and healthy cosmetics. The International Cosmetics Research Institute of the China Academy of Chinese Medical Sciences is an authoritative institution for traditional Chinese herbal medicine knowledge in China, with abundant resources and research experience in Chinese herbal medicine. Through cooperation with the International Cosmetics Research Institute, both parties will jointly research and develop technologies such as the use of herbal extracts and herbal formulas, and develop cosmetic products that are more suitable for the skin quality and aesthetic needs of Oriental people, while also providing efficient guarantees for consumers in other regions of the world who pursue healthy cosmetics. This will provide consumers with safer and more effective choices of cosmetics. Healthy cosmetics have become a highly regarded emerging field in the market in recent years, focusing on the efficacy and healthiness of products, and pursuing the concept of beauty that combines internal and external care. Through collaborative research and development, our company will leverage the technological strength of the research institute to develop more cosmetic products with health benefits, meeting consumers' dual pursuit of beauty and health. This cooperation will not only promote our company's product innovation and brand upgrade, but also contribute to the development of China's cosmetics industry. Our company will fully leverage its own advantages, strengthen cooperation with the research institute, jointly explore more cosmetics research and development directions with Oriental characteristics, and provide consumers with more and better choices, making contributions to the industry's sustainable development