Rifa Precision Machinery (002520) and Zhejiang University Five-axis Bridge Gantry Machining Center held a grand handover ceremony at Rifa Precision Machinery Company at 10:30 am on October 25, 2013. Local government officials and Zhejiang University National Defense Science and Technology Research Dean Ke of the Academy, more than 20 securities funds and news media attended the ceremony and exchanged views on related issues. This product is the first in the world, and the company is determined and confident to cooperate with Zhejiang University to bring this product to Boeing and Airbus!

       Today is a moment of milestone significance for Rifa Precision Machinery. After more than two hundred days of hard work, Rifa Precision Machinery has exclusively used Zhejiang University's patented technology for the "non-magnetic honeycomb core material high-speed milling and holding platform" bridge-type gantry machining center equipment successfully completed the final acceptance, and will soon be delivered to Zhejiang University for use. This equipment is the world's first five-axis bridge-type gantry machining center using magnetic holding technology. It has brought a revolutionary process to the processing of paper honeycombs, and its clamping time is less than 10% of the original; honeycomb paper-based The bonding force between the surface and the working table of the machining center is doubled, and the minimum processing thickness can reach 2mm, which can significantly improve the processing accuracy and quality of the honeycomb. At the same time, because the held raw materials can be reused, the processing cost can be greatly reduced. The development of equipment has strengthened the company’s R&D strength, strengthened the company’s scientific research cooperation with Zhejiang University, and also enhanced the company’s competitiveness in the aerospace field, opening up the honeycomb core material processing market for the company, and stepping into military Airbus, Boeing and other fields Laid a solid foundation.

       Rifa Precision Machinery's achievements today cannot be achieved without everyone's attention and love, and even more so with the trust and support of its partners. It is with everyone's company that Rifa Precision Machinery has grown from an unknown private enterprise to a powerful listed company, and from a manufacturer of lathes to an integrator of metal cutting solutions. I would like to take this opportunity to thank Professor Ke of Zhejiang University for his trust in Rifa Precision Machinery for allowing us to use the international patent of the "magnetic solid technology platform" exclusively, and to make special trips for guidance during the research and development process. I would also like to take this opportunity to thank the county government for its strong support, as well as the researchers of various securities companies, institutional investors and the news media for their strong support.

       "Xiongguan Mandao is really like iron, and now it's stepping forward from the beginning." The delivery of the first set of honeycomb processing equipment is not only an affirmation of past achievements, but also our grasp of today and a vision for the future. I believe that with the strong support of the Xinchang County Government and the strong scientific research capabilities of Zhejiang University, Rifa Precision Machinery will re-enter the journey and conquer one challenge after another. It will help revitalize China’s national machine tool industry and improve aerospace equipment. Achieve greater performance in the journey.