Our company was awarded the third prize in the National Finals of the 11th China Innovation and Entrepreneurship Competition.

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The 11th China Innovation and Entrepreneurship Competition National Finals concluded on December 30, 2022, in Shenzhen, where 100 enterprises from various regions across the country competed for the highest annual award. Our company, Changsha saneway Electronic Materials Co., Ltd., recommended by our province, won the third prize in the growth group (a total of 8 across the country) for its project "Application of Thermal Sink Materials for High-Speed Optical Modules in Big Data Centers" and was honored as one of the "Top 50 Innovation and Entrepreneurship Enterprises" in the 11th China Innovation and Entrepreneurship Competition. This is another significant award won by our company this year, following its recognition as a national fourth-batch "specialized, innovative, and leading" small and medium-sized enterprise.

Our company is located in the Ningxiang High-Tech Industrial Park (National High-Tech Industrial Development Zone) and is the first domestic manufacturer to mass-produce tungsten copper and other series of electronic packaging materials. We are a leading enterprise in the high-end electronic packaging materials industry in China and are the industry leader in this niche market. In December 2021, we completed our A-round equity financing, and in December 2022, we completed a new round of capital increase. Our project products are key supporting materials for high-power electronic components and have been widely used in microwave devices, laser power shells, communications, radar, and other fields, meeting the needs of China's aerospace, power electronics, optical communications, and other industries.

The 11th China Innovation and Entrepreneurship Competition, held in 2022, was co-organized by the Ministry of Science and Technology, the Ministry of Finance, the Ministry of Education, the Central Cyberspace Administration, and the All-China Federation of Industry and Commerce. Over 38,000 enterprises participated in the competition, coming from strategic emerging industries such as new-generation information technology, bio-pharmaceuticals, high-end equipment manufacturing, new materials, new energy, new energy vehicles, energy conservation, and environmental protection. After being selected through 37 local competition zones across the country, 100 enterprises entered the national finals for the ultimate competition. The competition aims to discover, cultivate, and serve technology innovation enterprises, successfully implementing a new mechanism for the coordinated development of science and technology, industry, and finance through "selecting outstanding horses on the racecourse and matching resources with market demand." It has explored a relatively mature growth path for "entrepreneurial teams/small and micro enterprises - technology-based small and medium-sized enterprises - high-tech enterprises - listed companies." We hope to continue innovating and developing under the support of leaders from various sectors, contributing to the advancement of electronic packaging materials in China.