Congratulatory Letter to Shandong Ruiyin Bioengineering Co., Ltd.

To all employees of Shandong Ruiyin Bioengineering Co., Ltd.:

You've worked so hard!

We are delighted to learn that the MY055 project has successfully completed three pilot-scale batches in the run-up to the Spring Festival, marking a significant milestone. The company headquarters extends its warmest congratulations to all involved!

In 2020, as the COVID-19 pandemic raged, Shandong Ruiyin, under the leadership of Comrade Wang Jun and Comrade Yan Yongzhen, made early preparations and worked in close coordination to successfully combat the epidemic while accelerating infrastructure construction. All members of Shandong Ruiyin united as one, surmounting numerous challenges such as environmental protection pressures and transportation lockdowns, and spared no effort to ensure the smooth and orderly progress of infrastructure projects. Meanwhile, all colleagues at Qirui Pharmaceutical’s Shanghai branch overcame the difficulties of working in a different location, rushed to Shandong day and night, and vigorously carried out pilot-scale trials and related work, achieving phased successes. These achievements exemplify the Qirui team’s spirit of dedication and sense of responsibility, and serve as an inspiring model for the entire company to learn from!

“The first step is always the hardest.” Technology, talent, and capital are all pressing challenges that must be addressed on Shandong Ruiyin’s path of development. Yet, thanks to the relentless drive and selfless dedication of every team member, we successfully commissioned and put our fermentation platform into operation by the end of 2020. On behalf of the company headquarters, we extend our heartfelt gratitude to you!

We hope that you will continue to uphold the team spirit of striving for excellence and hard work in entrepreneurship; maintain a down-to-earth, resilient, and diligent work ethic; and further strengthen your commitment to frugality, cost control, and revenue generation. In 2021, the entire company will join forces with you, pool our efforts, and accelerate the process of process validation and commercialization for the MY055 project, so as to achieve outstanding results in both production and operations!

Wishing Shandong Ruiyin great success and triumphant achievements!

Wuhan Qirui Technology Development Co., Ltd.

February 2, 2021