Project Name: ECOFUEL INNOVATION PROJECT Year：2017 Introduction: In 2017, we provided a major number ofvalves from regular gate valves to safety relief valves to an environmental project lead byECOFUEL, an emerging Canadian player inclean technology. It is atentative project for sustainable diesel production from solid waste.Dervos is proud to bea part of this fuel innovation actionand offers 136 sets of our reliable and outstanding valves for it. SEGMENT BALL CONTROL VALVE It’s also called V type ball valve, whichhasthebest regulating performance in ball valves. Plus cut-down function between the V-shaped slit and the metal seat, this kind of ball valve is particularly suitable for medium withfibers, solid particles and slurry. KNIFE GATE VALVES As the mediumcontains wooden debris and slurry, knife gate valves are suggestedin this condition for its good cut-down performance. THREE-WAY SPLIT FLOW VALVE Remotely controlled by electric actuators, this valvecan split the flow into twostreams andachieve precise controloverprocess parameters for fluid. SAFETY VALVE Conformed to API520 and API526, thesesafety valves arecustomized according toon-siteworking pressure, temperature and flow capacity for over-pressure protection.

A Chinese saying goes that knowledge begins with practice.It is an essential principle that we must combine theory with practice. And, then, as we planned in the mid-year meeting this year, the first group of our sales have arrived factory to launch a 3-week long field study there. This trip is aimed at promoting Dervos sales' acquaintance of valves with gate valve, globe valve and check valve taking the main course of it. And essentially, what's more important is that we hope our sales could be professional and more professional. In this way can they better help you solve your problem and finish your purchase. Our factory prepared well for this factory study. From Inventory management, production line, technique learning to packing and shipping, a wealth of lessons awaits for our sales. During almost a month of field study, in addition to grasping the whole producing process, assembling and packing, our sales spent a great amount of time in the storehouse in where they could learn the properties, differences, uses of each component and the reasons for the selection of different valve accessories. This is just the first group, the rest of our sales, no matter experienced or unskilled, will attend the trip in the next batch. Dervos is well aware of the hard time the whole industry even the whole world is going through. What we can try our best is to trained ourselves harder and provide more thoughtful solutions.

This year the holiday for family reunions, Mid-Autumn Festival, and for the country's founding, National Day, coincide.   As the two special festivals both fall on October 1 this year, Chinese cities, certainly including Xiamen where Dervos lays its root in, are festooned with flowers and lanterns and holding colorful activities to celebrate the joyful occasion.     And here in Xiamen, we have a traditional activity called Bo Bing, or "gambling for cakes", to celebrate the Mid-Autumn Festival. The game requires six dice and a wide mouthed bowl. Players throw the dice in turn and wins a specific prize depending on the dice combination. We divided into three groups. Screams and cheers rose up and fell down as every time dice being tossed. Because the quantity of gifts is limited, whoever tosses the specific number earlier, gets more presents till all are given out.   After the exciting game, we headed towards a beautiful and cozy coastal hotel for the rest of this happy time. In there, the games, the songs and the palatable food all added together to make a memorable occasion.  At the stretching beach and on the pleasant moment, we flew balloons that carry our best wishes and sang our company song --“we are a loving family”. Happiness and group cohesion drew a perfect period of this wonderful night.

Dervos recently attained two new kinds of technical patent that refer to a kind of gate valve and a kind of globe valve with filtration ability. Most of the gate valves open and close by turning the handwheel connected to the stem, which causes the stem to move up and down in the guide groove and press the valve plate to the seat. However, the stem and the valve body press each other firmly, and if the gate valve is not used for a long time, it will take huge efforts to turn the wheel to open and close the valve, which impedes the valve use. Dervos new patent helps to alleviate the difficulty by inserting the valve plate into the groove of the valve body, the lifting assembly can quickly raise the valve plate so that the inlet and outlet can be connected and open the gate valve. On the other hand, the assembly can lower the valve plate to the lower surface of the valve plate and contact the bottom of the groove of the valve plate, so that the inlet and outlet cannot be connected and the gate valve can be closed. As for the globe valve, it is known as one of the most widely used valves to stop the flow of medium in a pipeline. The current piping system often fails to work properly due to impurities in the fluid in the pipeline, so it is necessary to add filtration function to the globe valve. By optimizing the internal structure, Dervos has innovatively installed strainers and other fittings inside the valve body, so that the globe valve has these advantages: 1. No need to cut off the medium when cleaning the strainer. 2. Easy replacement of filters. 3. Outstanding sealing performance. Dervos has been committed to bringing quality products to the market, and we also keep gonging on a creative development path.

After thousand times of discussion and debate, Chengdu--a charming and vigorous city in southwest China, and several spectacular natural sites around the city are decided to be the destination of this year’s company trip. For the first time on this year's trip, we split into two teams. One team fly to the city and go to a nationally renowned tourist attraction namedJiuzhai Vally,and the other who have visited the city before choose to take a road trip to Chengdu. After 4days, the two Dervos squads will meet in the beautiful city. Where the Sightseeing-team goes to is a national park that’s best known for its fabled blue and green lakes, spectacular waterfalls, narrow conic karst land forms and its unique wildlife. Jiuzhai vally is almost the synonym of fairyland. Though it was rainy, the rain and stray cloud also added special emotions to the picturesque place. Literally, we took hundreds and thousands of pictures there. We wanted to catch the fascinating scene and catch the moment we spend together. Then Let’s talk another team-- the self-driving team. In 4 days, they made their way north, crossed 5 province, visited cities and ancient towns, tasted local dishes and they even drove to a mountain at an elevation of 4,000 meters. You have to say that, they are the real players and played more than hard. Two teams, in the end, met in Chengdu. We have one kind of national-wide popular food in China called ‘hotpot’ which actually is born in Chengdu. Of course we didn’t miss it. What’s more, Chengdu is home to anther thing you definitely heard before or even love-- panda. We also visited these adorable creatures. We say that 2020 is quite a difficult year. It’s like on a hard mode. But we believe that it will get better. The road lays there, it always waits for someone to step onto it. We, Dervos people, have been on the road, and will never stop.

Dervos held a training course on the quality management system of the ISO 9001:2015. The three-day training was conducted by the leading auditors of Lloyd’s Register, a world-renowned certification authority. Here comes the terrific news that 12 Dervos people from different sectors passed the examination and obtained the qualification to manage internal control of a company. The course was held from July 7 to 10, The specialists of the audit company introduced the profound system in simple words. She praised the competence of our team and emphasized how important it is for a company to run in line with the international legal and regulatory standard requirements. The well-informed auditor said certification obtained according to the ISO 9001 series of standards is an indicator of stable quality of the Company’s operation. The fresh internal auditors we have now can ensure Dervos’s compliance with the requirements of internal, international and industry standards & regulations, and customer requirements. And they also determine the effectiveness of the implemented system in meeting specified objectives (quality, environmental, financial). With our new internal auditors, Dervos will pay more attention to the effectiveness and efficiency in the routine run of the company, in such way can we grow stronger and provide better services.