(hereinafter referred to as "Zhejiang Kawaden"), a member of the JFE Group, received the "Key Supplier Award" for the first time from one of its key customers, Brose China, on July 3. This award is given to one supplier out of many, judged on quality, delivery, and cost.

Brose is a leading German automotive parts manufacturer that produces mechanical components such as electric motors and drive systems. Zhejiang River Electric has been supplying automotive motor cores to the company's Chinese group companies since 2009, and has recently been supplying some of its products to its plant in Serbia. Last year, the company received the "Project Management Award" for its cooperation in new projects.

On July 9, Mahle, a German parts manufacturer, also presented us with an award (we will post the Pick up URL when it is updated), and two companies presented us with awards in succession.

We will continue to further strengthen our relationship with Brose and provide high-quality products and services.