In December, we experienced an unprecedented challenge and test! Due to the spread of the epidemic in Europe, the capacity of shipping companies has been seriously affected, and our goods cannot be loaded on time; The cargo of the groupage ship has increased by a number of destination ports, which has nearly doubled the shipping time compared with normal sea freight; Due to the failure of the goods to arrive on time, our safety stock is decreasing day by day, which directly threatens the normal production of BBAC.

"Wolves" are really coming!

At this moment of crisis, the company's leaders took ensuring the production of BBAC as the first priority, mobilized all resources, used all means, and launched an emergency plan for batch air transportation at all costs. Under the direct leadership of the company's leaders and the strong support of the leaders of various departments of BBAC, the colleagues of the BU1 of the cause overcame many difficulties and ensured the production of BBAC!

The launch of the air transport emergency plan, although it has caused a huge increase in our procurement costs, has ensured the production of BBAC and enhanced the trust of customers in us; put the team to the test and presented a success story in dealing with the crisis; Lessons learned have been learned, and our ability to further prevent problems has been improved.

With the full support of the company's leaders, all the employees of the BU2 worked together to overcome various difficulties and complete the sales task for the whole year. The successful conclusion of 2020 further improved the morale of all employees of the BU2. Everyone is determined to build up strength and continue to work hard in 2021 to meet more difficult challenges.

December 23 marked another milestone in the company's development:

1.The first phase of the transportation management system (TMS) project in the company's intelligent logistics system - vehicle visualization was officially launched, which is a symbol of the company's transportation management system. TMS will be fully integrated with SAP in April 2021, which will be a new starting point for the company's digital transformation.

2. The awarding ceremony of school-enterprise cooperation and industry-university-research base between BASR and Beijing Wuzi University was held in Beijing Wuzi University. This is a strategic cooperation upgrade after the signing of a strategic cooperation agreement between BASR andBeijing Wuzi University on December 22, 2018.

This strategic cooperation upgrade is in line with the development orientation of Beijing Wuzi University based in Beijing and serving enterprises, and is a new measure of the school-enterprise cooperation innovation model.

Beijing Wuzi University, as a Whampoa Military Academy in the field of logistics, has provided a large number of professionals in the field of modern circulation and economy for the country and society. BASR can become the industry-university-research base of Beijing Wuzi University, which is very responsible and gratifying.

We will cooperate with Beijing Wuzi University in many fields such as smart supply chain and enterprise digital transformation, and on the basis of our existing cooperation, we will jointly make greater contributions to our modern logistics industry!

2020 is an extraordinary year, and we have delivered a more satisfactory answer sheet with hard work.

2021 will be a year full of uncertainties, we must be mentally prepared, strengthen confidence, and meet greater challenges!