Dear Colleagues, Partners, and Investors Worldwide,

As the New Year’s bells ring across the globe, we stand at this shared moment, transcending nations, cultures, and time zones as we reflect on the past and move forward together. On behalf of the Board of Directors, I would like to extend my heartfelt greetings and New Year blessings to all our colleagues, partners, and investors who have journeyed alongside our company. Thank you for your trust, professionalism, and steadfast commitment throughout the past year. May the New Year bring you and your families good health, peace, and the strength for continued growth.

2025 marks a year of ongoing reshaping in the global industrial landscape. Uncertainty has become the norm, compelling enterprises to rethink their core value and development approaches. Against this backdrop, we recognize more clearly than ever that truly resilient enterprises define success not by short-term scale, but by delivering enduring value that responds to the demands of our era.

Over the past year, Global New Material International (GNMI) has made steady and orderly progress. By leveraging the professional capabilities and high synergy of our global team, we have systematically advanced technological R&D, manufacturing systems, market structures, and organizational governance. These quiet yet profoundly solid efforts form the very foundation that enables enterprises to navigate cycles and achieve sustainable development.

Historically, GNMI has evolved as a global enterprise continuously integrating core competencies across distinct industrial phases. The Group originated from Chesir Pearl Material Company. Since its establishment in 2011, we have focused on engineering capabilities and sustained innovation. This has enabled us to make significant advances, from technological breakthroughs to large-scale industrial implementation, while solidifying our manufacturing systems and industrialization foundations. Following the integration of CQV into the GNMI family in 2023, the company has achieved steady growth in performance and significantly strengthened its competitiveness in the global high-end materials sector by developing premium products and enhancing market synergy.

Building on this foundation, the Group has further integrated SUSONITY, the most globally influential capability platform. Originally Merck’s Surface Solutions business, SUSONITY is a global materials platform that has served high-end industrial and consumer markets worldwide for over seven decades. Its technological framework, R&D methodology, customer portfolio, and long-term partnerships create formidable entry barriers and genuine long-termism value. This capability is the core pillar of the Group’s advancement towards becoming a global high-end materials platform.

Centered around this core capability, we have achieved deep synergy in engineering efficiency, manufacturing systems, and global market capabilities on the GNMI platform. This gives the company execution power and speed, technological depth, and industrial resilience, forming a comprehensive competitive advantage that is difficult to replicate.

Today, we no longer content ourselves with merely being a global leader in pearlescent materials. We are proactively transcending the boundaries of individual materials. Rooted in materials science, centered on application value, and powered by global synergy, we are redefining ourselves as an advanced materials platform enterprise with a view to the future. Across multiple key segments, we have consciously shifted from competing on price to competing on value, transitioning from one-time deliveries to long-term co-creation partnerships that are deeply intertwined with our clients. This evolution is gradually establishing our market influence and pricing power, which is underpinned by real-world applications.

As globalization deepens, we recognize more clearly that it extends not only our business footprint but also our sphere of responsibility. For a mature multinational corporation, economic value, environmental responsibility, and social responsibility form an inseparable whole within long-term strategy. ESG is not an optional add-on but the intrinsic logic underpinning sustained value creation.

Looking ahead to 2026 and beyond, we will embark on a new strategic cycle. The company will remain focused on the long-term trajectory of advanced materials, steadily expanding into new technologies, products, and applications centered on high performance, functionalization, greening, and sustainability. At the same time, we will strengthen intellectual property protection, enhance operational resilience, optimize capital structure, and drive long-term development through more robust approaches.

Ultimately, a company’s future hinges on its people. We will persistently build a professional, diverse, and globally-minded talent pool, fostering an organizational culture that respects expertise, encourages accountability, and emphasizes collaboration. We firmly believe that the essence of leadership lies not in control, but in responsibility, not in short-term gains, but in long-term trust.

As we stand at this new starting point, we have cautious yet unwavering confidence in the future. The world remains complex, but enterprises with clear direction, defined values, and unified action will ultimately make steady, enduring progress.

I would like to express my sincere gratitude to our global employees, partners, and investors for your continued trust and support. Let us embrace the New Year with a long-termism perspective, and join hands to build a more sustainable future.

I wish everyone peace, good health, and progress in the New Year.

Sincerely,

Ertian Su

Chairman of the Board

Global New Material International Holdings Limited