On January 26th, the ActionPower Supplier Partnership Conference was grandly held in Xi'an. With the theme "Joint Development, Shared Future," ActionPower President and General Manager Bai Xiaoqing, Vice General Manager/Chief of R&D Center Li Chunlong, Vice General Manager/Chief of Supply Chain Center Han Min, and related core teams attended the conference. Over 200 supplier representatives from around the world gathered to exchange discussions, reflecting on the past and moving forward together, aiming to build a community of shared interests, empower supply chain partners comprehensively, and jointly plan for long-term development.

Mr. Bai Xiaoqing delivered the opening speech, introducing ActionPower's business development and growth journey, expressing gratitude to outstanding supplier partners for their long-term support. He analyzed future development opportunities and challenges in ActionPower's business from the perspectives of industry trends and technological advancements. He also elaborated on ActionPower's development strategic planning and overall objectives, as well as the opportunities and challenges of deep cooperation and mutual benefit with supplier partners, hoping to achieve mutual success and create brilliance together with many outstanding supplier partners.

Ms. Han Min delivered a themed report on "ActionPower Supply Chain Strategic Planning," summarizing the current cooperation situation in delivery, quality, and cost aspects of ActionPower's supply chain and expressing some reform measures and vision for subsequent supply chain transformation. It is hoped to work together with vast supplier partners to carry out more in-depth mutually beneficial cooperation around efficient, reliable, and sustainable common interests.

Deep roots lead to a stable structure. An excellent supply chain is also one of the important roots of ActionPower's flourishing development. At this ActionPower Supplier Partnership Conference, 27 outstanding supplier partners were selected, and awards such as "Outstanding Supplier Award," "Value Contribution Award," "Best Service Award," "Best Delivery Award," and "Strategic Partnership Award" were presented on-site. Representatives from outstanding suppliers such as Wolfspeed, Unigroup Guoxin Microelectronics, and Jingquan Hua also made speeches at the conference, sharing cooperation stories, experiences, and prospects for future development and win-win cooperation with ActionPower.

In the subsequent themed discussions, divided by suppliers' product categories into four main venues: "Electronics," "Electrical," "Structures/Cables," and "Magnetic Devices," everyone had in-depth exchanges and discussions on the issues encountered and improvement measures during the past year's cooperation. By broadening perspectives and accumulating experiences, ActionPower's brands under the Action Power brand and SinPOWER brand of power quality products achieved significant development in 2023, with increasing brand effects and industry influence, and significantly improved customer recognition. Accelerating the comprehensive iteration and update of ActionPower's products, leading the industry market, consolidating brand renewal, and upgrading channel matching are crucial to accelerating the business growth of ActionPower in 2024, in line with the national policy of promoting intelligent manufacturing and new industrialization. ActionPower will work hand in hand with supplier partners to jointly face the opportunities and challenges of the market, optimize and upgrade production and research through intelligent manufacturing, increase value-added to drive revenue growth, and promote ActionPower and its upstream and downstream industry chain partners to jointly move towards the high-end of the global value chain!