Jiangsu Yibei Industry Co., Ltd. has the following major events recently in terms of patent acquisition, company meeting and company's business direction.

1. Patent acquisition:
     On September 18, 2024, the company obtained a patent entitled “A conveniently operated shoe sole pressing machine”, with the authorization notice number cn114224033b and the application date of January 2022, which can help to improve the production efficiency. The structure of the patent helps to improve production efficiency.
     On August 31, 2024, the Company obtained a patent of “A shoe sole pressing and rolling device”, with Grant No. cn115989916b and filing date of March 2023. The device can roll the edges while pressing the soles, which can improve the efficiency and quality of the adhesive processing of shoe soles.
     On January 29, 2024, the Company obtained the patent of “a kind of antimicrobial adhesive for riding boots”, Authorized Publication No. cn115505353b, with an application date of October 2022. The antimicrobial adhesive has high adhesive strength and antimicrobial effect.
2. Company meeting:
     The first staff representative meeting for 2024: held on 5 September 2024, at which Mr. Chen Qipeng was elected as the staff representative supervisor of the fourth session of the Supervisory Committee of the Company, with a term of office commencing from 5 September 2024 to the expiry of the term of office of the fourth session of the Supervisory Committee.
     2024 Annual General Meeting: held on May 16, 2024, at which a number of motions were considered and passed, including the “Motion on the Company's 2023 Annual Report and Summary of the Annual Report” and the “Motion on the Report of the Board of Directors on the Work of the Company for the Year 2023”.
3. Others:
     According to the news released by the People's Government of Rudong County on July 28, 2024, the Company is committed to the independent research and development and production of high-end cowboy riding boots and cowboy work boots, with a product export rate of approximately 90% and the second largest market share in the country in the riding boots category.
     The company is actively researching and developing rhubarb boots and casual shoes for workwear series suitable for Chinese people, has registered its own brand of shoes and boots, equipped with an e-commerce team, and sells to the outside world through platforms such as Alibaba, Taobao, Pinduoduo, and Jitterbug.