In 2012, Xinchao Group was recognized for its outstanding performance by the Party Committee and Management Committee of Jiangyin Hi-tech Zone. The company received several prestigious awards, including the "Economic Scale Exceeding RMB 5 Billion Award", the "Tax Revenue Exceeding RMB 100 Million Award", the "Transformation and Upgrade Award", the "Energy Conservation and Emission Reduction Award", and the "Star Enterprise". The group's core enterprise, JCET Group, was honored with the "Technology Innovation Award". Chairman Wang Xinchao was named "2012 Outstanding Entrepreneur", while Jiangyin Changdian Advanced Packaging Co., Ltd. General Manager Lai Zhiming received the "Outstanding Foreign Manager" award. Fang Yuanhong, Xia Xuefeng, and Zhang Li were recognized as "Advanced Workers". These awards reflect the recognition from the Party Committee and Management Committee of the Jiangyin Hi-tech Zone for the Xinchao Group's excellent performance over the past year, as well as the significant contributions made to the economic and social development of the entire Jiangyin region.