At the meeting, Dr. Wu Hao stated that Yufeng needs to strengthen the construction of its own intellectual property moat in the future. Mr. Ye and Mr. Pan agreed and stated that they will strengthen cooperation with GRAEFF to promote win-win cooperation between both companies.

In addition, the two sides also had in-depth exchanges on the future development trends, market demand, policies and regulations of the sensor industry. Mr. Ye and Mr. Pan stated that with the rapid development of emerging industries such as the Internet of Things and intelligent manufacturing, the sensor industry will usher in a broader market space. Yufeng Machinery will closely monitor market trends, actively expand its business areas, and strive to achieve sustainable development of the enterprise.

Dr. Wu Hao stated that GRAEFF, as a leading global sensor manufacturer, is willing to strengthen cooperation with excellent enterprises such as Yufeng Machinery to jointly promote the development of the sensor industry. He hopes that both parties can achieve more cooperative results in technology research and development, market expansion, brand building, and other aspects, providing better products and services to global customers.

This investigation has deepened the understanding between both parties and laid a solid foundation for future cooperation.

Zhejiang Yufeng Machinery Co., Ltd.

   Zhejiang Yufeng Machinery Co., Ltd. (formerly known as Wenzhou Yufeng Chemical Fiber Machinery Co., Ltd.) is located in the Binhai Park of Wenzhou Economic and Technological Development Zone, China. It is a lean machinery enterprise entity that integrates the research, design, and manufacturing of filters, filter elements, and valves, relying on excellent management and a vast market, and connecting with a complete service system. The company currently has a garden style, intelligent, and modern industrial park covering an area of 32 acres and a building area of 26000 square meters. The company was also awarded the title of "New Third Board Listed Enterprise" by the Wenzhou Equity Operations Center.