On the afternoon of February 13, Shandong Jinli Group held a grand summary and commendation meeting for the year 2025. More than 400 people—including Xu Xiaolong, Chairman of the Group; Wang Fei, General Manager; all company managers; representatives of advanced teams; and outstanding individuals—gathered together to look back on their hardworking and pragmatic journey in 2025, take stock of their remarkable achievements, honor exemplary role models who are dedicated and committed to their work, and set clear, well-defined development goals. Together, they outlined a brand-new blueprint for high-quality development in 2026. The meeting was chaired by Xu Liangbo, Executive Deputy General Manager of the Group.

　　At the meeting, heads of the Group’s industrial and real estate divisions took to the stage one after another to deliver special work reports for 2025. Grounded in the functional positioning of each division, these reports comprehensively reviewed the remarkable achievements made over the past year in areas such as production and operations, market expansion, team building, and project advancement. They also conducted an in-depth analysis of the shortcomings and weaknesses identified during operations, thoroughly examined the development trends in the construction machinery parts industry as well as the opportunities and challenges posed by the current competitive landscape. Furthermore, the reports clearly defined the key priorities, specific measures, and critical areas for focused efforts for each division in 2026, charting a clear path and injecting strong momentum for the high-quality development of all business units within the Group, and fostering synergistic collaboration among divisions to jointly drive growth.

　　Wang Fei, General Manager of the Group, delivered a report summarizing the Group’s performance for 2025 and outlining the work plan for 2026, providing a comprehensive overview and systematic review while laying out a coordinated strategy for the entire organization. Focusing on key areas such as safe production, operational targets, quality and cost control, intelligent upgrading, green development, and market expansion, General Manager Wang systematically reviewed, with detailed data and specific case studies, the Group’s breakthrough achievements in 2025 amid a complex market environment—highlighting steady progress in the industrial sector, remarkable breakthroughs in the real estate sector against market trends, and significant results in project construction. At the same time, he objectively identified existing weak links in the Group’s current development. Looking ahead to 2026, General Manager Wang clearly defined the Group’s overall operational objectives and laid out key tasks including deepening intelligent transformation, accelerating high-end upgrades, speeding up green development, and enhancing efficiency through intensive management. He encouraged all employees to demonstrate unwavering unity and determination, adopt a pragmatic and hands-on approach, and muster the courage to overcome challenges, ensuring that all tasks are implemented effectively and yielding tangible results. Together, we will steadily advance the Group’s various undertakings and achieve even greater success.

　　We recognize the outstanding individuals and set them as role models, uniting our hearts and pooling our strengths to move forward into the future. Li Weina, Director of the Group’s Integrated Operations Center, read out the “Decision on Commending Advanced Individuals and Advanced Teams for 2025” issued by Shandong Jinli Group, solemnly honoring those advanced individuals who have demonstrated dedication, exceptional performance, selfless devotion, and a spirit of innovation in their respective positions over the past year, as well as the advanced teams that have displayed remarkable unity, collaborative spirit, tenacity in overcoming challenges, and outstanding achievements. At the ceremony, group leaders presented honorary certificates and medals one by one to the 179 advanced individuals and 16 advanced teams recognized. This not only pays tribute to these exemplary individuals but also serves as an inspiring call to all employees, further promoting the Jinli spirit of "dedication to one's job, striving to be first, working together in solidarity, and pursuing practical innovation." It has fostered a strong atmosphere of emulation, learning from the best, and competing to excel.

　　Outstanding employee representative Bao Jinbin and outstanding management representative Meng Qingkai took to the stage one after another to deliver speeches, sharing their insights on personal growth and expressing their sense of responsibility and commitment. In their sincere and straightforward words, both representatives looked back on their hard work over the past year and expressed gratitude for the Group’s nurturing and the support from their teams. They emphasized that their achievements would not have been possible without the high-quality development platform provided by the Group, nor without the collaborative efforts of all their colleagues. At the same time, they solemnly pledged that in their future work, they would take this recognition as a new starting point, remain dedicated to their respective roles, fulfill their duties conscientiously, proactively explore new opportunities, and strive bravely forward. They vowed to fully demonstrate their exemplary leadership, inspire more colleagues around them through concrete actions, and devote their utmost energy to the Group’s development, thus living up to the trust and expectations of the Group’s leadership.

　　With our goals clearly set and our mission firmly committed to being fulfilled, we recognize that responsibility rests squarely on our shoulders—and practical action is paramount. To further clarify our development objectives and reinforce work responsibilities, the meeting featured a signing ceremony for the 2026 annual business and safety target responsibility agreements. Group General Manager Wang Fei signed these agreements separately with the heads of the Marketing Center, the Hydraulic Company, and the Machinery Company, clearly defining each company’s business targets, safety responsibilities, and development tasks for the coming year. This single document of responsibility not only represents a solemn commitment but also embodies a sense of duty and accountability. It reflects the group’s unwavering determination to ensure that all tasks are carried out in an orderly manner and yield tangible results, thereby laying a solid institutional foundation and providing robust accountability guarantees for the group’s high-quality development in 2026.

　　In his concluding remarks, Xu Xiaolong, Chairman of the Group, set the course for the Group’s future development, fostered consensus, and boosted morale. The Chairman comprehensively reviewed the Group’s groundbreaking achievements in 2025 across various fields—from steady revenue growth in the industrial sector and the successful launch of high-quality real estate projects to the upgrade of intelligent production lines and the successful expansion into premium markets. Each of these accomplishments was made possible by the hard work and relentless efforts of every member of the Jinli family. The Chairman expressed heartfelt gratitude and sincere greetings to all employees for their steadfast commitment and dedication over the past year. Drawing on the current domestic and international economic landscape, Chairman Xu conducted a profound analysis of both the opportunities and challenges facing the Group, and outlined the core tasks for the Group’s development in 2026. He encouraged all Jinli employees to embrace the vigorous spirit of the Year of the Horse, spur their horses forward with determination, and strive boldly to take the lead. He urged everyone to uphold the spirit of pragmatism, innovation, unity, and collaboration; remain committed to craftsmanship and deepening expertise in our core business; courageously tackle development challenges; proactively seize growth opportunities; and continuously drive the Group forward on the path of intelligent manufacturing, high-end transformation, and green development. Together, we will propel the Group’s undertakings to new heights and achieve unprecedented breakthroughs, jointly writing a brand-new chapter of high-quality development for Shandong Jinli Group.

　　This summary and commendation meeting is not only a review of the past and an assessment of our achievements, but also a rally to recognize outstanding individuals and boost morale. Moreover, it’s a solemn assembly to clarify our goals and lay out plans for the future. In the new year, all members of Jinli will take this meeting as an opportunity to unite our hearts and minds, forge ahead with determination, pursue practical and effective action, and strive to be pioneers. We will transform the spirit of this meeting into powerful motivation for work and entrepreneurship, approaching all tasks with even greater conviction, a more pragmatic approach, and an even more spirited attitude. Together, we will wholeheartedly commit ourselves to achieving our development goals for 2026 and jointly write a brighter future for Shandong Jinli Group!