In order to seize market opportunities and expand the mid to high end markets of SMD crystal products such as consumer electronics, mobile communications, security monitoring, and the Internet of Things, the company has decided to implement a smart IoT micro SMD crystal project, which will be constructed in two phases. Since the start of the project construction at the end of 2020, Fenghua Company has conscientiously implemented the company's decision-making and deployment, carried out equipment selection, installation and commissioning, market development, production organization and other work according to the project schedule, and successfully completed the various construction tasks of the first phase of the project in July. In August, Fenghua Company achieved a production capacity of 23 million SMD crystal products, with an additional sales volume of 8 million units in the first phase of the project, successfully achieving production and sales matching. At present, the construction of the second phase project is actively progressing according to plan.

After the project is fully operational, the monthly production capacity of Fenghua's SMD crystal products will increase to 31 million units, promoting the scaling up of Fenghua's SMD crystal product production capacity, advancing the development of products towards miniaturization, better meeting the growing needs of high-quality end customers, and providing strong production capacity and technical support for the future development of more large end customers.