Xintai Wheel Manufacturing Co., Ltd., as a wholly-owned subsidiary of Stone New Materials, was established in 2010. The company began to plan the construction of Xintai Wheel Factory II in 2019. After the completion of the project, it will improve its own production capacity, more effectively deal with international trade disputes and frictions, and occupy the international market.

At 11:08 on December 12, the sun was bright and the wind was warm. On this day full of joy and joy, Xintai Wheel Phase II Plant also welcomed the commencement date as scheduled. Mr. Abicha, Director of IEAT's Office in AMATA Industrial City, Ms. Yue Qun, Assistant President of Taizhong Luoyong Industrial Park, Mr. Ji Guofu, Vice President of Lizhong Group, Mr. Yu Qiulin, Deputy Production Director of Lizhong Group, Project Leader of Xintai No.2 Factory, Mr. Liu Ke, General Manager of Xintai Wheel Manufacturing Co., Ltd., Mr. Miao Xueliang, Deputy General Manager of Xintai Wheel Manufacturing Co., Ltd., and Mr. Zheng Jinsong, Deputy Financial Director of Xintai Wheel Manufacturing Co., Ltd Ms. Huang Yali, Deputy Design Director of Energy Engineering Technology (Thailand) Co., Ltd., and Mr. Wei Zhanjiang, Senior Management Team of Xintai Wheel Manufacturing Co., Ltd. and General Manager of Xinnanyang Construction Co., Ltd. jointly attended the groundbreaking ceremony.

Liu Ke, general manager of Xintai Wheel, delivered a speech at the beginning, saying that Xintai Wheel Manufacturing Co., Ltd. is the first overseas project of Lizhong Group and the result of the joint efforts of the whole group. Xintai Wheel has been deeply rooted in Thailand for eight years now and has made certain achievements. Now the construction of the second phase factory marks a new milestone for Xintai Wheel's overseas development! We sincerely thank all parties for their strong support to Xintai Wheel, and wish the second phase of the project a complete completion!

Later, Director Abhischa said in his speech that Xintai Wheel is an excellent representative of Chinese enterprises. Investing in Thailand has brought high and new technology to Thailand and created employment opportunities for Thailand. The Industrial Zone Administration will continue to be committed to serving more and more Chinese enterprises, and sincerely wish Chinese enterprises can develop steadily in Thailand and Xintai Wheel can make another great achievement!

Then, Yue Qun, the assistant president of Thai Chinese Rayong Industrial Park and the manager of the engineering department, also delivered a speech. She said that the construction of Xintai Phase I Plant started on November 28, 2010, and was officially put into operation in November 2011. After eight years, it took root and developed in Thailand. It has grown stronger and has achieved fruitful results, reaching an annual production capacity of 3 million. Xintai Wheel seizes the opportunity, actively layout globalization, and develops steadily. Adhering to the principle of "working harder than others and cooperating more with others", it is steadfast and progressive to achieve expanded reproduction. Now Xintai Phase II covers an area of 54 square meters, with a construction area of 45000 square meters. The planned construction period is 230 days. It will be completed on July 30, 2020 and officially put into operation in October 2020. The design capacity is to produce 2.6 million cast spinning aluminum alloy wheels annually. Xintai Wheel is an excellent enterprise model in the park, and also a pioneer of China's manufacturing industry going global. It is believed that Xintai Wheel will continue to climb the peak in the coming days and create new achievements in the new round of global economic development.

Finally, Mr. Wei Zhanjiang, the director general manager of New Nanyang Construction Co., Ltd., gave a speech. New Nanyang Construction and Xintai Wheel had their first cooperation eight years ago. They undertook the first phase of Xintai Wheel's project in Luoyong Industrial Park in Taizhong. Now they can become the civil contractor of Xintai Wheel's second phase plant again. It is the honor and responsibility of New Nanyang. In order to ensure the quality, beauty and economy of the project, New Nanyang has established a strong construction management team, equipped with skilled construction technicians, and hopes to repay the trust of the owner with high-quality projects. I wish this project a great success and a successful completion!

Finally, leaders of all units jointly carried out the earth building ceremony in the sound of firecrackers, and the earth moving ceremony was successfully completed!