2025 Investor Day 1 Safety Instructions All figures are in Canadian dollars unless otherwise stated. David Galison Vice President, Investor Relations 3 3 Cautionary Statement This presentation contains statements that are forward-looking in nature. The words "may", "could", "should", "would", "assumptions", "plan", "strategy", "believe", "anticipate", "estimate", "expect", "intend", "objective", the use of the future and conditional tenses, and words and expressions of similar nature are intended to identif ...

Core Insights - Jiaozhou, Qingdao is a key area within the Shanghai Cooperation Organization (SCO) Demonstration Zone, featuring a strong manufacturing base with over 15,000 industrial enterprises and a total output value exceeding 160 billion yuan in 2024 [1][2]. Industrial Development Strategy - The city is implementing targeted measures to build an innovation-driven industrial system, focusing on industrial strategy research, sci-tech innovation, R&D commercialization, and industrial integration [2]. - Initiatives such as "One Town, One Industry Iterative Innovation" and "Three-Industry Integration Development" have been launched to enhance industrial capabilities [2]. Industrial Clusters - Jiaozhou has established seven provincial-level industrial clusters, including specialty food industries and home appliances [3]. - The city also hosts two national-level clusters: Smart Home Appliances and Power Steel Structures, showcasing its advanced manufacturing capabilities [4]. Advanced Manufacturing - Jiaozhou is home to leading manufacturing companies like Qingdao CIMC Reefer Container Manufacture Co., Ltd., Alfa Laval (Qingdao) Industrial Co., Ltd., and Haier Group, contributing to world-class production bases [4]. - The region has developed significant manufacturing facilities, including a global-leading refrigeration container R&D base and Asia's top marine boiler production base [4]. New Energy Industry - In 2025, Jiaozhou is focusing on driving the new energy industry through enhanced R&D, supportive policies, talent development, and global cooperation [5].