In order to help the steady development of the enterprise, on the afternoon
of November 18, 2022, the symposium on joint cost reduction and efficiency
increase of Ningbo Textile Industry Association was successfully held, and Ms.
Huang Weiwei, the head of Lonyuan Ningbo Branch, was invited to attend.

Ningbo Textile Industry Association (hereinafter referred to as "Ningbo
Textile Association") is a city wide industrial and non-profit social
organization formed voluntarily by enterprises and institutions, scientific
research institutes, and colleges and universities engaged in research,
development, production, application and service of the textile industry in
Ningbo. With the goal of building a "first-class industry association", the
association serves members, industry and government, vigorously carries out
industry related technical exchanges and promotion services, promotes resource
sharing, and promotes the healthy, stable and sustainable development of the
textile industry in the city.

The meeting was chaired by Liu Jianping, Secretary General of Ningbo
Textile Industry Association. The content of the meeting was closely linked to
the facts. It was hoped that through sharing and exchanging intellectual
property policies and other relevant policies, the problem of increasing the
burden of enterprise operations in the context of the repeated COVID-19 would be
solved.

Ms. Huang Weiwei, in combination with the pain points and difficulties of
enterprise development under the epidemic situation, shared with everyone the
relevant policy subsidies on intellectual property planning and layout,
intellectual property pledge financing, high-value patent application and
intellectual property application, and gave the enterprise relevant suggestions
and support, which will escort the implementation of the enterprise's subsequent
intellectual property achievements.

After the content sharing, Ms. Huang Weiwei answered the questions about
the layout, operation, pledge and transfer of intellectual property one by one
on the spot, so that everyone could further understand the policies related to
intellectual property. Everyone interacted frequently and responded warmly
throughout the meeting.

Intellectual property is the best proof of enterprise valuation and
appreciation of intangible assets, as well as the key to attracting investment
attention and successful enterprise financing. Lonyuan combines its own
resources and platform advantages to provide enterprises with one-stop services
such as intellectual property layout and operation, high-value patent mining and
cultivation, and intellectual property transfer, so that enterprises can convert
intangible assets into cash flow or capital through intellectual property
operation, and at least realize value transformation and realization of
intellectual property through pledge and financing.