As the sun and moon move forward, the new year is full of prosperity. On behalf of all employees of Ritar International Group, I would like to express our heartfelt thanks and sincere wishes to our global customers, partners, investors, and all sectors of society who have always trusted and supported us on this occasion of the year-end change! Thank you for your trust and support along the way, witnessing Ritar's growth and breakthroughs together.

Looking back on 2024, the international situation has been constantly changing, with overcapacity, price competition, and escalating international trade frictions all bringing enormous pressure and challenges to the new energy industry. However, rainbows and storms coexist, opportunities and challenges coexist. The more we face difficulties, the more we must unite as one, face challenges and move forward bravely. We deeply understand that only by embracing new changes can we create the future; Only by persistently striving and forging ahead can we stand invincible.

Innovation as the wing, safety as the foundation

This year, we have built a strong "security line" in innovation iteration, with innovation as the wing and safety as the foundation, implementing a product differentiation strategy. We have identified customer safety pain points, anchored the safety energy market, and launched the Solid State OPzV Battery energy storage solution with Intrinsic Safety. According to the Tianjin Fire Research Institute of the Ministry of Emergency Management Research on the Combustion and Explosion Hazard Characteristics of Solid State OPzV Battery Prove Ritar Solid State OPzV Battery Intrinsic Safety; We have passed the rigorous testing of Shenwan (Shenzhen) Fire Research and Development Co., Ltd. and fully comply with the strict requirements of General Rules for Design of Industrial Upstairs Buildings for intrinsic safety of batteries; And became the editor in chief of China Southwest Architectural Design and Research Institute, with the participation of China National Building Standards Design and Research Institute Standard Atlas for Design and Installation of Building Light Storage Direct Flexible System It is emphasized that the Solid State OPzV Battery is the only battery that meets Intrinsic Safety energy storage requirements. This breakthrough achievement has led the industry towards safer and more reliable development. At the same time, we are deeply involved in the formulation of energy storage industry standards and have contributed Ritar solutions to the standardization and development of the new energy industry with our expertise.

● Solid State OPzV Battery Group Standard for Energy Storage

Ritar International Group、 The chief editor of the Energy Storage Application Branch of the China Chemical and Physical Power Industry Association and other industry enterprises and institutions participated in the formulation, and multiple industry experts jointly completed it Solid State OPzV Battery Group Standard for Energy Storage（T/CIAPS 0032—2024）。

● General Rules for Design of Industrial Upstairs Buildings

The Ritar Solid State OPzV Battery has passed rigorous testing by Shenzhen Shenwan Fire Research and Development Co., Ltd. and fully complies with the strict requirements of General Rules for Design of Industrial Upstairs Buildings for intrinsic safety of batteries.

● Research on the Combustion and Explosion Hazard Characteristics of Solid State OPzV Battery

The Tianjin Fire Research Institute of the Ministry of Emergency Management has released Research on the Combustion and Explosion Hazard Characteristics of Solid State OPzV Battery Prove the intrinsic safety of Ritar Solid State OPzV Battery.

● Standard Atlas for Design and Installation of Building Light Storage Direct Flexible System

Edited by China Southwest Architectural Design and Research Institute, with participation from China National Building Standards Design and Research Institute Standard Atlas for Design and Installation of Building Light Storage Direct Flexible System Emphasize that Solid State OPzV Battery is the only battery that meets the requirements of intrinsic safety energy storage.

● General Rules for Design of New Infrastructure of Civil Buildings

The "General Principles for Design of New Civil Building Infrastructure" edited by Shenzhen Urban Planning and Design Institute Co., Ltd. and other units has been officially approved as the local standard for engineering construction in Shenzhen and will be implemented from November 1, 2024. It is explicitly stipulated that the energy storage system of civil buildings must use the Solid State OPzV Battery with Intrinsic Safety.

Strength recognition, 0 → 1 breakthrough

The Ritar Solid State OPzV Battery energy storage solution, with its excellent intrinsic safety performance, has won high recognition from Panasonic Battery Company in Japan and successfully settled in the Panasonic Industrial Park. This cooperation marks the recognition of Ritar's Solid State OPzV Battery safety energy storage technology strength by internationally renowned enterprises, and also provides a safe and stable energy supply guarantee for Panasonic Industrial Park.

Ritar Solid State OPzV Battery Energy Storage Panasonic Project

It is worth mentioning that Ritar Solid State OPzV Battery energy storage has once again been recognized by Apple companies and has successfully entered Apple data center energy storage power stations. This cooperation once again confirms Ritar's leading position and innovative strength in the field of safe energy storage. Moreover, by building electrochemical energy storage power stations in industrial buildings, it has successfully achieved a major breakthrough from 0 to 1 in the "safe energy storage industry".

Global layout, expanding territory again

This year, we have expanded our global presence through win-win cooperation. We are accelerating the pace of globalization, exporting our products to over 120 countries and applying 120+GWh globally. Ritar's green footprint has covered all corners of the world and integrated into various industries. We drive low-carbon transformation with innovation and shape industry benchmarks with quality. In the face of the changes and opportunities in the new energy industry, we always adhere to the concept of openness and win-win, deepen communication and cooperation with global customers, and continuously promote the development of the new energy industry towards higher quality, higher efficiency, and more sustainable direction. We practice an international layout of "based in China, expanding overseas, and being close to customers". We have built new office buildings and Ruixiang New Materials Vietnam factory in Vietnam to provide customers with nearby and agile delivery services, thereby empowering the resilient development of the enterprise.

Intelligent manufacturing enhances capabilities, with outstanding qualifications

This year, we released 'high-quality new production capacity' in the intelligent manufacturing upgrade. We have accelerated our production capacity layout and completed the strategic extension of the entire new energy industry chain. Ruixiang New Materials' Vietnam factory has started construction, and the Solid State OPzV Battery production base with an annual output of 6 million kWh has been officially put into operation. With intelligent equipment, digital quality, information-based management, and lean production, Ritar has achieved expansion and energy growth, accelerating market response speed with high-quality supply. With excellent quality and efficient supply, we have won multiple honorary awards such as "National Green Factory", "National High tech Enterprise", "National Specialized and Innovative Little Giant", "National CNAS Laboratory", "National Green Design Product", etc., providing quality assurance. Behind these honors is a persistent pursuit of quality and a sincere commitment to customers.

Intrinsic safety， Storage type extraction

The new journey opens up a chapter of brilliance, and it is the right time to forge ahead. In the new year, we will forge ahead, adhere to the intrinsic safety energy storage technology route, persist in innovation leadership, and consolidate our leading position in industry technology. We will use the new driving force of safety as the engine to drive green development, relying on Ritar's pursuit of innovation and adherence to quality, so that the concept of "choosing Ritar is choosing safety" takes root and sprouts in the hearts of every customer.