company news about Price adjustment letter

斯帕克实业（河南）有限公司

Spark Industry (Henan) Co., Ltd

Tel: 0371-62896380

WhatsApp：+8613213018158

E-mail：Limeng@resistiveheatingelement.com

info@resistiveheatingelement.com

Web：http://www.resistiveheatingelement.com

Price adjustment letter

Dear customer

Hello! First of all, thank you for your long-term support and trust!

Since July 2021, the rising prices of all raw materials have led to the rising cost of our products. In particular, the price of raw materials silicon powder and molybdenum powder has increased too much recently and has a continuous upward trend. Our company has to adjust the product price to alleviate the rising cost pressure. After several meetings, the company has carefully studied and decided to suspend the price of all products from September 23, 2021. The price of new orders will be renegotiated according to the rise of raw materials. The products produced by our company will be increased by 25% - 35% based on the original price.

Please understand the inconvenience caused to your company by this price adjustment! We will always give back to our customers with high-quality products and high-quality service.

Best wishes!

Spark Industry (Henan) Co., Ltd

September 23, 2021