Jiayin New Year's "Home"Letter

Dear Good News Family:

Years go by and the seasons flow.

We are about to bid farewell to 2020, where we fought side by side, and usher in 2021, which is full of hope. At this moment of nostalgia for the past and sustenance of dreams, Jiayin Technology would like to extend cordial greetings and deep blessings to all Jiayin staff and partners, and wish all families a happy Chinese New Year!

2020 is an extraordinary year. The COVID-19 pandemic has swept the world and the international situation has undergone profound changes. All Jiayin people have overcome many difficulties, relying on the correct guidance of the government and the full support of upstream and downstream partners in the industry chain, Jiayin has quickly achieved the goal of "resuming work and production" to "full production and high production", ensuring that the overall market performance is better than the industry's goal , the final revenue increased significantly and the output value reached nearly 400 million yuan, and various operating indicators throughout the year hit a record high.

Jiayin adheres to the industrial mission of "making life smarter", and has made great progress in various tasks this year. At present, the operational capabilities of 14 business divisions have been continuously improved, the talent team has been optimized, technological innovation has continued to make breakthroughs, customer relationships have been tightened, quality control has been continuously strengthened, supply chain management has been gradually improved, and information systems have led the development. These are the results of the wholehearted dedication of each Jiayin person, who "work hard, strive for the best, recognize each other, and help each other", and it is also inseparable from the silent support and selfless dedication behind the vast number of family members. All Jiayin's achievements are due to the sweat of the family members and pay!

New stories push each other, and daily life is not stagnant.

2021 is the first year of the country's "14th Five-Year Plan", and it is also a year of great significance for the development of Jiayin. Jiayin will push forward the listing work in an intensive and orderly manner, and strive to successfully apply for materials before the end of the year. At the same time, it will implement a new equity incentive plan and earnestly practice the corporate purpose of "enhancing the happiness of Jiayin people and allowing more people to benefit from the development of Jiayin".

The market for the core components of smart home appliances has a scale of over one trillion yuan, and we must speed up the development head on. In the construction of business divisions, we will set up 10 new business divisions to quickly enter new product fields in actuators such as solenoid pumps, solenoid valves, and motor pumps, and strive to increase market share and become the industry leader. It is necessary to make major breakthroughs in products such as controllers and sensors, make full use of the industry-university-research resources established with Dalian University of Technology, Harbin Institute of Technology, etc., quickly transform technology into products and form mass production, and occupy a favorable competitive situation in the market. In terms of organizational construction, further strengthen the departmental target management, explore more ways to train squad leaders and ministers, increase the speed of external introduction of cadres and internal promotion, sort out the systematization of management tools and methods, and improve the good news service in an all-round "customer-centric" way The capability and level of the client.

One yuan resumes, and all phenomena are renewed.

On the new journey, we will face more challenges and opportunities, but we must be firm in our aspirations and path, and we must have the tenacity to fight tough battles and overcome difficulties. Realize the corporate vision of "becoming the innovator and leader of the global smart home core component technology"!

In the just-concluded year-end executive activity, the management team put forward the goal of "strive to make the monthly salary of front-line family members exceed 10,000" in 2021, let us all "roll up our sleeves and work hard" together! We also call on all Jiayin people to actively introduce Jiayin to relatives and friends, recommend all kinds of talents to the company, and devote themselves to Jiayin's vigorous career together!

Spring returns to the earth and thousands of peaks show, and the sun warms the city and Vientiane is new. I hope that everyone will be swept away from fatigue and refreshed, and look forward to Jiayin people creating more brilliant new achievements in the new year, and working together to create brilliance!

Finally, I wish all family members, family members and partners a Happy Chinese New Year! Happy family!

Ningbo Jiayin Electromechanical Technology Co., Ltd.

February 9, 2021