As the seasons turn, a new chapter unfolds!

2022 was an extraordinary year, marking the 30th anniversary of FIOCCO Group's founding. Facing a rapidly changing era, FIOCCO Group remained steadfast in its core business, persisted in innovation, adapted to the times, and achieved breakthroughs in transformation. The Group surpassed 4.6 billion RMB in sales revenue for 2022. Today, let's focus on the annual chronicle and revisit our journey through 2022.

I. Party Building Leadership
In 2022, the Group's General Party Branch underwent its leadership transition election, selecting a new Committee. For Party-building activities, the Group organized Party members and cadres to visit Ningbo-Zhoushan Port for study, collectively watched the live broadcast of the 20th CPC National Congress opening ceremony, and held a joint thematic symposium with the Yinzhou District Administrative Service Management Office Party Committee. These efforts translated learning outcomes into practical actions driving the enterprise's high-quality development.

II. Responsibility & Commitment

Fulfilling social responsibility, demonstrating corporate commitment. In 2022, FIOCCO Group visited and provided support to its paired village, Tongyi Village in Dongwu Town, delivering cash red envelopes and epidemic prevention masks. The Group made its 21st consecutive annual donation to the Dongqian Lake Charity Branch. Confronted with complex pandemic situations nationwide, FIOCCO donated to Dongjiao Subdistrict, offering tangible support for epidemic prevention and control efforts.

III. Standing Firm at Thirty
From August 1992 to August 2022, over 30 years, FIOCCO Group has navigated waves, achieving breakthroughs, transformations, and leaps time and again – evolving from OEM manufacturing to creating its own brands, and from a traditional manufacturing enterprise to a fashion industry service platform. 2022 marked its 30th year. Not merely reaching thirty, but rising anew from it. Standing firm in its thirtieth year with lofty aspirations, FIOCCO sets sail once more!

IV. Building Benchmarks
Aiming to establish a new benchmark for the transformation and upgrading of the textile and apparel industry, the FIOCCO · Yesgo Valley Fashion Technology Park, designated as a "National-Level Creative Design Demonstration Park," centers on "Resources + Capital + Service." It provides a comprehensive enabling ecosystem for strategic cooperation and synergy among resident enterprises and service institutions. By the end of 2022, the park had signed 118 resident enterprises, including 23 Zhejiang Provincial Technology-based SMEs, cultivated and incubated 30 designer brands, and established 1 Municipal-Level Live E-commerce Demonstration Base.

V. Breakthroughs & Innovation
In 2022, the Huayi Comprehensive Foreign Trade Service Platform implemented customized cross-border services. It focused on solving compliance issues for cross-border sellers regarding capital flow, invoice flow, standardized export declarations, and tax compliance. This innovative model gained recognition and support from relevant government regulatory bodies, pioneering trials and successfully establishing notable brand influence in the integrated cross-border services field.

VI. Enhanced Appeal
The FIOCCO · Yesgo Valley Y11 Fashion Block, with its high aesthetic appeal and premium positioning, attracted crowds of trendsetters for photo ops, becoming a new hub for commercial product shoots, film/TV locations, and social media check-ins. In 2022, it collaborated with 3 film/TV production crews and 9 commercial product shoots, including location shoots for new dramas starring Allen Ren and Gulnazar. Simultaneously, the block houses a 2000 sqm trendy brand collective store, aggregating over 40 designer brands, making it Ningbo's largest fashion brand collective center.

VII. Exclusive Honors
In 2022, FIOCCO Group, adhering to a high-quality development philosophy, strengthening its foundation, and leading through innovation, received recognition from all sectors of society and governments at all levels.

FIOCCO Group Honors 2022:

·National Textile and Apparel Creative Design Demonstration Park (Platform)

·National Public Service Demonstration Platform for SMEs

·National Innovation and Entrepreneurship Demonstration Base for Small and Micro Enterprises

·National Excellent Smart Manufacturing Scenario

·AA-Level National Two-tier Integration Management System Certification

·Case Study of Typical Model for Integration and Innovation of Large, Medium, and Small Enterprises

·Top Ten Typical Cases of New Models and Formats in Zhejiang Textile Industry

·Zhejiang Provincial Maker Space

·Ningbo AAA-Level E-commerce Industrial Base

·Ningbo Industrial Chain Upstream-Downstream Enterprise Community

·Ningbo Innovative SME

·Ningbo Four-Star Harmonious Enterprise

2023 is a new historical starting point in the Group's thirtieth year. Drawing on 12 years' momentum, we embark anew. FIOCCO Group will move forward with full enthusiasm and high drive, using the certainty of seeking progress while maintaining stability to hedge against uncertainties on the path ahead. United in purpose for development, determined and steadfast in action to forge a new chapter.