On April 25, the company held a meeting titled "Standing at a High Starting Point, Striving Forward on a New Journey," to summarize the first quarter and kick off an ambitious second quarter. Nearly 600 company-level and above managers attended the event. Chairman Shi Mingda and President Shi Lei were present and delivered speeches. Meanwhile, CBO Jiang Feng, COO Chang Xuejun, and Senior Director Wang Ding each provided summaries and outlined their respective areas of responsibility. Additionally, representatives from the Group’s Quality Department, Engineering Center, and Nantong Tongfu shared their commitments during the meeting.

　　In the first quarter, driven by the domestic semiconductor industry's momentum and the successful implementation of cutting-edge technologies such as intelligent systems, 5G, IoT, and electric vehicles, semiconductor packaging and testing capacity continued to face a supply-demand imbalance. Faced with this robust market environment, all sites fully tapped into their equipment capabilities, resulting in significant improvements in both workforce and equipment efficiency. Meanwhile, key quality metrics like VOC and COQ remained stable, while NPI reliability steadily increased—both in terms of the number of new products successfully transitioning to mass production and the volume of those products being rolled out at scale. Additionally, new product lines such as MEMORY, FCBGA, DD, and FO are ramping up production at an accelerating pace, further boosting the group company’s overall business performance to unprecedented heights.

　　In the second quarter, while continuing to provide excellent service to our existing key clients, the company actively optimized its customer base, swiftly adjusted its product portfolio, further boosted equipment capacity, and diligently worked to enhance product quality. We proactively identified and managed capacity bottlenecks, continuously ensured robust human resource support—including OP staff, technical managers, and other critical roles—thereby firmly seizing the historic opportunity presented by the rapid surge in domestic demand for integrated circuits and paving the way for even greater growth.

　　In his speech, President Shi Lei fully acknowledged the outstanding achievements made by the Group during the first quarter, expressing heartfelt gratitude to all employees for their hard work, relentless dedication, and the inspiring "Three Ox" spirit that has driven them forward. President Shi noted that throughout the quarter, the entire Group remained firmly focused on its annual targets, swiftly adjusting strategies as needed. Each unit diligently fulfilled its responsibilities, resulting in record-breaking sales revenue and profits for both the headquarters and the joint ventures. As a result, the Group successfully met its predetermined AOP targets, securing a strong start to the year. Looking ahead, the Group anticipates a 50% increase in revenue compared to the same period last year, along with a significant boost in profitability. This marks not only the best year yet for the company but also its strongest quarter ever—a truly remarkable accomplishment worthy of celebration.

　　General Manager Shi emphasized that the company is currently facing a rare, once-in-a-millennium historical opportunity. We must seize the momentum, anticipate changes ahead of time, proactively adapt to evolving circumstances, act in harmony with the trends, and strive vigorously—only then can Tongfu Microelectronics move forward even more effectively. As we enter the second quarter, it’s crucial to pay close attention to and address the challenges posed by key factors such as personnel, equipment, materials, and available growth space. All units and departments should align themselves with the broader vision of the Group, strengthen communication, deepen collaboration, and reinforce their commitment to mutual support. At the same time, we must continuously enhance our capabilities in planning, execution, and coordination—driving improvements across the board to boost profitability. Moreover, we must place greater emphasis on building a robust corporate culture, upholding values like customer-centricity, prioritizing high-performing employees, and embracing the spirit of relentless hard work coupled with self-criticism. General Manager Shi urged everyone to seize the momentum in the second quarter, relentlessly push forward, set new benchmarks, and lay an even stronger foundation for achieving—and surpassing—our annual targets.

　　At the conclusion of the meeting, Chairman Shi Mingda delivered a passionate speech, saying: "The achievements we’ve made in the first quarter of this year represent the best quarter since the company’s establishment—and indeed, the best quarter in my 50-year career. I’d like to give a big round of applause to our dedicated employees who are working tirelessly on the production frontlines!" The chairman urged all sites to, under the company’s unified strategy, simultaneously focus on expanding production capacity and tapping into untapped potential, ensuring that every bit of manufacturing capability is fully utilized. He expressed his unwavering belief that Tongfu Microelectronics will surely achieve even greater success in the future.

　　"Standing at a High Starting Point, Striving Forward on a New Journey"—the conference summarizing the first quarter and setting the stage for an ambitious second quarter concluded successfully with a carefully organized cultural performance by the trade union.