This year, we pursued progress with diligence and determination, with Party building providing strong impetus;
This year, we united with one heart and one mind, showcasing our excellence in harmony;
This year, we persevered in our endeavors, demonstrating our responsibility by keeping pace with the times;

The old year has already unfolded a thousand layers of brocade, the new year calls for scaling new heights,
This year's journey is worth pausing to look back upon.

2023, grateful to have walked together,
2024, let us embark on a new journey together.

2023 Keyword------New Quality Productive Forces

As a fashion textile and garment enterprise, FIOCCO Group is committed to promoting industrial intelligence and digital transformation, thereby realizing new models and formats for platform transformation. Over the past few years, the Group has gradually achieved transformation and upgrading: from OEM production to independent brands, from traditional manufacturing to 5G-enabled digital intelligent manufacturing, and from a single production model to an innovative service platform. We continuously deepen the integration of digital technology with production, operation, and management, innovate the industrial and value chains, providing powerful momentum for accelerating the formation of New Quality Productive Forces.

2023 Key Events Review

1.Party Building Providing Strong Impetus

The Party general branch of the group has deeply studied, publicized and implemented Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, consciously shouldered the new transformation mission, focused on implementing the strategic arrangements of the 20th National Congress of the Communist Party of China, adhered to innovating on the basis of what has worked in the past, and vigorously sung the main theme of strengthening confidence, providing a strong ideological guarantee, powerful spiritual strength and favorable cultural conditions for the high-quality development of the group. It earnestly and orderly implements the annual plan: carrying out activities such as democratic life meetings, special party member report meetings, and organizing party members to visit and study, so as to strengthen the foundation and forge the soul.

The group is fully aware that whether it is industrial operation, platform construction, or transformation and upgrading, it is necessary to adhere to putting compliance with political discipline in the primary position for consideration and decision-making, and comprehensively fulfill political, economic and social responsibilities.

2. Showcasing Excellence in Harmony

The YESGO Valley Fashion Tech Park, a key project nurtured by the Group, has been recognized as a national-level textile and garment creative design and "mass entrepreneurship and innovation" (shuang chuang) demonstration park. The park offers comprehensive facilities and provides one-stop, all-around, precise services to support the development of SMEs within it. It is now home to nearly 140+ related textile and garment enterprises. This year, YESGO Valley Fashion Tech Park also won multiple honors including the Zhejiang Province Five-Star Rating for Small and Micro Enterprise Parks and the Ningbo City Urban Renewal Pioneer Demonstration Project.

1. YESGO Valley Fashion Tech Park hosted the Ningbo Division selection round for the 3rd "Yue Xian Huo Cup" National Barista Vocational Skills Competition for the first time.
2. Y11 Fashion Block became a "popular internet-famous check-in spot" featured in 2023 films, TV dramas, and Ningbo promotional videos.
3. The case study co-authored by FIOCCO · YESGO Valley and Ningbo University, "Clouds Yearn for Robes, Flowers Yearn for Countenance: FIOCCO Group Builds a Fashion Innovation Ecosystem," was successfully included in China's most authoritative enterprise management case library – the China Management Case-Sharing Center.

3. Demonstrating Responsibility by Keeping Pace with the Times

Employees are the foundation of the enterprise's development. The Group adheres to taking employees' aspiration for a better life as its goal, sincerely responding to and resolving employees' urgent difficulties and worries, allowing employees to have more happiness, sense of gain, and security.

At the end of 2023, a 6.2 magnitude earthquake occurred in Jishishan Bonan, Dongxiang and Salar Autonomous County, Linxia Hui Autonomous Prefecture, Gansu Province, causing significant casualties and the collapse of nearly 15,000 houses. The Group, concerned about the disaster area, took active action immediately and donated 1.5 million RMB worth of supplies to the earthquake-stricken area through the Yinzhou District Red Cross Society, offering modest assistance to the affected people. For many years, the Group has actively practiced public welfare and participated in various charitable causes in Yinzhou District with concrete actions, interpreting its responsibility and commitment.

4. Driving Development through Innovation and Exploration

2023 marked the 10th anniversary of Huayi Foreign Trade Comprehensive Services. Over this decade, it has consistently adhered to the service philosophy of "Professional, Dedicated, Focused," guided by market demand, providing high-quality services to customers, and winning broad market recognition and client trust. Over ten years, it grew from nothing to something, from small to large; accumulating bit by bit, gradually flourishing. It has surmounted one peak after another and composed one brilliant chapter after another.

Sustaining the passion that "makes the blood boil,"
Maintaining the atmosphere that is "steaming hot with activity,"
Achieving the spectacle of "buzzing with activity and seething with enthusiasm".

5. Key Group Honors

Guided by enterprise needs
Grasping reform and innovation
Ensured by joint contribution and shared governance

Through continuous efforts,
the Group has achieved outstanding results in multiple fields.
These include:
"National Creative Design Demonstration Park",
"National Public Demonstration Platform for Small and Medium Enterprises",
"National Mass Entrepreneurship and Innovation Demonstration Platform"
and a total of 6 national-level honors.

As 2023 drew to a close, we have already set foot on the new endeavor journey of 2024. Recounting the bit by bit of the past year, for every FIOCCO person, looking up, arriving, and setting out again – our steps towards higher goals have never ceased...

In 2024, FIOCCO will continue with a new, uplifting posture, harboring firm conviction , sounding the clear trumpet call of endeavor , and writing the glory of a new chapter.

Wishing all FIOCCO people a happy Spring Festival and "Dragon"-sized good fortune!