New Year Message from Sunways

Dear Team,

As we begin the new year, I extend my warmest Chinese New Year greetings to each member of our esteemed team and their families. Together, we reflect on the challenges and triumphs of 2023, a year that tested our resilience and commitment to excellence in the ever-evolving field of photovoltaic technology.

Reflecting on 2023

Looking back, 2023 was characterized by significant market shifts and intensified competition in the photovoltaic industry. Despite facing unpredictability and intense price competition driven by rapid capacity expansion in the Chinese market, we remained steadfast in our dedication to innovation and differentiation.

Looking Ahead to 2024

As we set our sights on 2024, we are met with fresh opportunities amidst a landscape of continued market growth and heightened competition. It is crucial that we reaffirm our commitment to technological advancement, operational excellence, and collaborative teamwork as we navigate this dynamic environment.

I am confident that by upholding our values of integrity, innovation, and customer-centricity, we will overcome challenges and achieve even greater success in the year ahead.

In the spirit of collaboration and continuous improvement, I outline the following expectations for our team:

1. Innovation and Excellence:?Let us foster a culture of innovation and strive for excellence in all our endeavors. Together, we will push the boundaries of technological innovation and set new standards of quality and performance.

2. Collaboration and Contribution:?By fostering a spirit of collaboration and mutual support, we can harness the collective wisdom and expertise of our team to achieve our shared goals.

3. Embracing Digital Transformation:?Let us leverage digital tools and technologies to enhance operational efficiency, optimize performance, and drive sustainable growth.

4. Maintaining Work-Life Balance:?As we pursue professional growth and success, let us prioritize our well-being and strive for a healthy work-life balance.

As we embark on this journey together, I extend my sincere gratitude for your dedication, hard work, and unwavering commitment to our shared vision. Let us seize the opportunities that lie ahead and make 2024 a year of unprecedented achievement and growth.

Wishing you and your loved ones a prosperous and fulfilling year ahead.

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Warm regards,

Ken Zhu

CEO

Ningbo Sunways Technologies Co., Ltd.