In 2024, the IRC team has achieved significant success, underpinned by the dedication of our staff and the trust and recognition of our customers. This has enabled us to respond swiftly to challenges and distinguish ourselves in a highly competitive market, establishing a strong reputation. We are confident that, with the company's exceptional performance and strength in the past year, the future will be even more promising.

Let's review the achievements of IRC in the past year.

In terms of technological innovation, IRC and CPECC Beijing Branch, along with seven other organisations, conducted joint technical research, leading to the accomplishment of the "giant oilfield complex extractive fluid ground engineering key technology and large-scale application". This research was recognised with the prestigious first prize of the 2023 Science and Technology Progress Award by the China Petroleum and Chemical Automation Application Association at the beginning of 2024.

In respect of service quality, IRC cooperated closely with ECEST, and the service quality was well recognized, with IRC has been awarded "Excellent Service Provider" in 2024.

On the eve of Chinese New Year 2025, IRC received a letter of appreciation from SABIC FUJIAN for the SABIC FUJIAN Project.

In terms of project efficiency, IRC held a joint meeting of HAZOP and SIL rating analysis with WUHUAN, an EPC contractor of ChemChina, for NCIC Phase III fertilizer project in Egypt. The meeting was attended by owner, licensors (KBR, STAMICARBON, INCRO) and engineers from the WUHUAN, and was characterised by wide coordination, in-depth exchanges and outstanding results. KBR, the licensor of the ammonia synthesis plant, praised this meeting for its efficiency.