International composite materials: The company's overseas production and operation, as well as overall business conditions, are relatively stable.

International Composite Materials Company stated during a visit to reception institutions on May 14 that currently, the company has established glass fiber and product production bases overseas in countries such as Brazil, Bahrain, and Morocco, and has set up trading subsidiaries in the United States, Netherlands, Hong Kong, and other places. Its product marketing network covers the globe, with overseas customers mainly concentrated in North America, the Middle East, Europe, South America, East Asia, among other regions. These customers maintain long-term and stable cooperative relationships with the company, and the overall situation of overseas production operations and business is relatively stable. In 2024, the Brazilian subsidiary experienced temporary losses due to pressures from production line maintenance and exchange rate fluctuations. In the first quarter of 2025, the Brazilian company was able to turn the situation around by improving the stability of production operations and gradually improving market marketing. In contrast, the overall business situation of the Bahrain company remains stable, maintaining a steady development momentum.