On July 5, 2024, at 14:30, Aistec proudly held a CNC vertical lathe procurement bidding meeting. Three

suppliers participated in this bidding: TCG, CHMER, and Oil Machinery. The bidding event was personally 

hosted by Mr. Geng Xinhong, the General Manager of Aistec, with the participation of the Vice President of 

Operations and the Purchasing Director.

Amidst the global economic uncertainty, many companies are opting for layoffs, salary reductions, and investment cuts to cope with the economic downturn. However, due to an increase in orders, Aistec has chosen a different path: investing millions in new equipment for production. This move showcases our confidence in the future and a positive attitude toward the market. The procurement of this CNC vertical lathe is not only to 

enhance production capacity but also to express our stance: during economic downturns, we still see a promising market outlook and are willing to invest more resources to enhance our competitiveness.

During the bidding meeting, each supplier presented the advantages and technical parameters of their 

products. TCG demonstrated its years of experience and advanced technology in the CNC vertical lathe field, while CHMER emphasized the high cost performance and stable performance of its products. However, in the end, Oil Machinery won the bid with its superior technical advantages, reasonable price, and comprehensive

 after-sales service system.

General Manager Geng Xinhong stated at the meeting, "In the current economic situation, the development of enterprises faces unprecedented challenges. But within these challenges lie opportunities. We firmly believe 

that only by continuously improving our technical level and production capacity can we remain undefeated 

in market competition. Therefore, Aistec decided to increase equipment investment during this critical period 

to lay a solid foundation for future development."

The successful holding of this procurement bidding meeting not only signifies another major upgrade in 

Aistec's production equipment but also sends a positive signal to the outside world: despite the global 

economic challenges, Aistec maintains strong confidence and a positive attitude, willing to drive the 

development of the company and the industry through continuous investment.

Looking ahead, Aistec will continue to adhere to the philosophy of "Quality First, Customer Foremost,"

 constantly improving its technical level and production capacity to provide customers with more high-quality, high-efficiency products and services. We believe that with the joint efforts of all employees, Aistec will be able to meet more challenges and achieve even greater success.