As the new year begins, everything is renewed! On the occasion of the New Year, on behalf of Lingong Group, I extend my sincerest greetings and heartfelt wishes to customers, partners, friends from all sectors of society around the globe, as well as to all employees and their families.

The past year has been a milestone in the history of Lingong Group's development. All Lingong employees, with unwavering faith, a fighting spirit, and a proactive attitude, have left solid footprints on the path of high-quality development, showcasing the responsibility and strength of Chinese manufacturing enterprises in the new era.

In the past year, we have grasped the broader trends and achieved historic leaps in building a new development paradigm. SDLG has transitioned from foreign-led operation to independent development, marking another milestone in its history and ushering in a new stage of development.

In the past year, we have established a new corporate strategy: “To specialize and excel in our traditional product lines, strategically expand into emerging ones, and achieve product clustering, technological modernization, efficient management, and enterprise internationalization”. We will lead the dual-driven growth through globalization and digital and intelligent technologies, promoting breakthrough operations and leapfrog progress in the international market, and creating an ambitious blueprint for global expansion.

Looking back, Lingong's confidence in transformation stems from 50 years of deep industry cultivation. From technological, market and brand advantages to collaborative partnerships and customer trust, we have laid a solid foundation for the future leap.

Facing the future, we must adopt a more forward-looking vision and a more resolute determination to embark on  Lingong's "second entrepreneurship journey " and reorganize our efforts for a fresh start. In line with the 15th Five-Year Plan, Lingong Group has established its own 15th Five-Year tasks: by 2030, to achieve consolidated revenue exceeding RMB 100 billion, fully realize the strategic task of "building a new SDLG," and become one of the leading domestic and globally recognized major construction machinery groups.

Looking ahead, we must prioritize efficiency and technological leadership, firmly grasping key core technologies in our hands while accelerating our transformation towards high-end, green, and intelligent development. We will continue to promote efficiency and power transformations, making "Lingong Manufacturing" smarter, more reliable, and more competitive. We aim to deeply integrate into the global industrial and value chains, forging advantages in a higher level of international cooperation and competition to secure our future.

Looking to the future, we will continue to promote the spirit of entrepreneurship and craftsmanship, inspiring the creative power of every Lingong employee and fostering a cultural atmosphere that encourages innovation, tolerates failure, embraces openness, and pursues excellence. We will uphold the concept of sustainable development, actively fulfill our social responsibilities, and strive to achieve a balance between economic and social benefits.

We are deeply aware that the development of Lingong Group relies on the support of all sectors of society and the trust of our global customers. We firmly believe that under the clear strategic guidance, with strong execution and the collective efforts of all Lingong employees, we can seize the opportunities of the times, tackle various challenges, turn our grand blueprint into a beautiful reality. This will allow us to create greater value for our customers, deliver better returns for our shareholders, provide broader platforms for our employees, and contribute more to social progress.

Heartfelt wishes are extended to all for a Happy New Year, good health, family bliss, and every success in all endeavors!

 

Chairman of Lingong Group: Wang Zhizhong

December 31, 2025