[Specialized, Advanced, and Innovative] Boonray Technology was recognized as a Shanghai Specialized, Advanced, and Innovative Enterprise and continues to work hard to build a zero-carbon smart mine.

According to the "Implementation Rules for the Gradual Cultivation and Management of High-Quality Small and Medium-Sized Enterprises in Shanghai" (Shanghai Economic and Information Standardization [2022] No. 8), after expert review and comprehensive evaluation, Shanghai Boonray Intelligent Technology Co., Ltd. (hereinafter referred to as "Boonray Technology") has been selected for inclusion on the second batch of Shanghai's Specialized, Advanced, and Innovative Small and Medium-Sized Enterprises. Boonray Technology's inclusion on the 2022 Public List of Shanghai's Specialized, Advanced, and Innovative Small and Medium-Sized Enterprises is a multi-faceted recognition of the company's R&D capabilities, technological innovation, market share, financing capabilities, and talent pool. It also expresses the authoritative organization's high recognition of Boonray Technology's high-quality development, further accelerating Boonray Technology's development.

 "Specialized, refined, and innovative" refers to leading enterprises that achieve specialized, refined, and distinctive development, possess strong innovation capabilities, maintain a long-term focus on niche markets, maintain a high market share in innovation, master key core technologies, and demonstrate superior quality and efficiency. These enterprises are at the top of each segment of the industrial chain. The core of these enterprises lies in innovation, and their foundation lies in technological strength. Of the newly listed companies in 2022, 59% were specialized, refined, and innovative small and medium-sized enterprises. Over 1,300 such enterprises have listed on the A-share market, representing 27% of all A-share listed companies. At a press conference held by the State Council Information Office on March 1st, Minister of Industry and Information Technology Jin Zhuanglong stated that financial institutions will be guided to continue increasing financing support for small, medium, and micro enterprises. The capital market will be leveraged to support specialized, refined, and innovative enterprises in expediting their listings.

Boonray Technology is committed to empowering traditional industries such as mining through technologies such as autonomous driving, vehicle-by-wire control, and battery swapping. It has developed an intelligent open-pit mining operation platform that includes an industry-leading Level 4 autonomous driving system, a vehicle-by-wire control system, a 5G remote control system, and a cloud-based intelligent dispatching system. This platform enables interconnected and clustered intelligent operation of mining machinery such as mining trucks, excavators, and loaders, facilitating large-scale deployment. This system frees up manpower, helping customers more easily and efficiently collect and analyze information and execute production tasks, ultimately helping them reduce costs, achieve inherent safety, and improve management and operational efficiency. Boonray Technology has implemented unmanned mine truck transportation at numerous mines, including Luoyang Molybdenum, Gansu Jiugang, Sichuan Pangang, State Power Investment Corporation's Zakuang, Huaneng Huajian, and Minmetals Hegang. As of the end of December 2022, it had enabled over 100 autonomous mining trucks, safely driving 1.74 million kilometers and transporting 24.71 million tons of earth and rock. In March 2023, in collaboration with State Power Investment Corporation Qiyuanxin Power and mining truck manufacturers, the country's first unmanned, cab-less, and battery-swap mining truck was officially launched, ushering in a new era of green and unmanned development in mines.