Recently, the Ningbo Municipal Bureau of Economy and Information Technology issued the *Announcement on the Proposed Inclusion in the 2026 Ningbo Municipal List of Cultivation Enterprises for Manufacturing Single-Champion*. Following procedures including enterprise application, preliminary review and recommendation by local economic and information authorities, and municipal-level verification, Ningbo Yuanchen New Materials Co., Ltd. has been successfully shortlisted as a **Seedling Cultivation Enterprise** in the published list.

      Recently, the Ningbo Municipal Bureau of Economy and Information Technology issued the *Announcement on the Proposed Inclusion in the 2026 Ningbo Municipal List of Cultivation Enterprises for Manufacturing Single-Champion*. Following procedures including enterprise application, preliminary review and recommendation by local economic and information authorities, and municipal-level verification, Ningbo Yuanchen New Materials Co., Ltd. has been successfully shortlisted as a **Seedling Cultivation Enterprise** in the published list.

      Manufacturing single-champion status is a prestigious honor in the manufacturing sector, which recognizes an enterprise’s technical strength and market standing within a specific niche field. Ningbo has established a tiered cultivation system covering **Seedling Cultivation Enterprises**, **Municipal Key Cultivation Enterprises**, **Provincial Hidden Champion Enterprises**, and **National Manufacturing Single-Champion Enterprises**. This selection reflects the competent authorities’ recognition of the company’s long-term commitment to the rare earth permanent magnet materials sector and brings fresh momentum for its future development.

      Growing from a "Specialized, Refined, Differential and Innovative (SRDI)" enterprise toward a single-champion enterprise marks an important growth path for the company. Going forward, taking this selection as an opportunity, Yuanchen New Materials will continue to focus on its core business of rare earth permanent magnet materials. It will keep exploring new technologies, new functions and new applications, strive to deliver high-quality material solutions for customers, and forge ahead steadily toward the goal of becoming a manufacturing single-champion enterprise.