Anchor on our goals and forge ahead; unite our strength to tackle tough challenges and embark on a new journey.

On August 15, 2025, Jinghang Group held the 2025 meeting in the conference room of the Storage and Transportation Company. The Half-Year Economic Analysis Meeting was chaired by Chen Yan, Deputy General Manager of Trade at the Group. Senior executives including Gao Yuliang, Chairman of the Group; Liu Xiaohui, General Manager; and Yu Guopeng, Chief Financial Officer, as well as all employees, attended the meeting. Together, they summarized the company’s operational performance for the first half of the year, laid out strategic plans for the second half, and discussed the 2024... The annual advanced collective will be recognized, injecting strong momentum into the group’s development.

At the start of the meeting, General Manager Chen read out the board resolution. After careful deliberation and decision-making, Hou Yong was relieved of his position as Chairman of the Board, and Gao Yuliang was appointed as the Group’s new Chairman. Gao Yuliang was also relieved of his post as General Manager, and Liu Xiaohui was appointed as the Group’s new General Manager. The newly appointed leadership team carries the hopes and high expectations of all employees and will lead the Group toward a new journey with a fresh outlook and innovative spirit.

Subsequently, CFO Mr. Yu addressed the year 2025. The financial performance for the first half of the year was reported. General Manager Yu pointed out that, overall, the Group’s financial health is sound, with sufficient capital and strong risk resilience. However, there are also factors that currently constrain the Group’s further development. Moving forward, the finance department will closely align with the Group’s strategic planning and adjustments to its business model, proactively explore new financing channels, address bottlenecks in fund utilization, and provide robust financial support for the Group’s growth.

Following that, General Manager Liu reviewed the company’s performance for the first half of the year. Mr. Liu noted that, in the face of a complex and ever-changing market environment, the entire group has thoroughly implemented the spirit of the Board of Directors and the Shareholders’ Meeting, strengthened industry analysis and forecasting, and proactively adopted a series of response measures. As a result, the group successfully achieved its operational targets and task assignments for the first half of the year, demonstrating its strong execution capabilities and ability to tackle challenges. At the same time, addressing the issues and challenges encountered in the first half of the year, Mr. Liu clearly outlined the group’s core objectives for the second half: ensuring zero safety incidents with no liability, and making every effort to meet the annual sales revenue target.

Next, the group’s leadership will address 2024. The advanced collectives that have achieved outstanding annual performance will be recognized. Representatives from each outstanding collective delivered acceptance speeches. We hope that the collectives honored today will cherish this recognition, continue to uphold and carry forward their proactive and enterprising work attitude and spirit, constantly strive to surpass themselves, and achieve even greater accomplishments. At the same time, we also encourage all other employees to take them as role models, boldly compete for excellence, and diligently enhance their own capabilities and professional skills, thereby making greater contributions to the Group’s development.

Finally, Chairman Gao delivered an important speech. Chairman Gao stated that this personnel adjustment marks a new starting point for the group’s development. Together with the newly appointed General Manager Liu, he will lead all employees to proactively address market challenges and seize development opportunities. Regarding the advancement of key projects, Chairman Gao emphasized the importance of maintaining confidentiality and strengthening national defense education. As for long-term goal planning, Chairman Gao highlighted the following key priorities: first, cultivating and developing talent; second, enhancing the company’s image and competitiveness; and third, improving employee benefits—working together to create a harmonious, positive, and uplifting corporate atmosphere.

This semi-annual economic analysis meeting clearly defined the group’s direction for the mid-year milestone, charting a course for the second-half work. All members of Jinghang will— “ Break in ” the spirit of, “ Create ” the momentum, “ dry ” Adopting a proactive and determined work style, we will go all out to achieve our annual goals, propel the group’s high-quality development to a new level, and jointly write a brand-new chapter in the group’s development!