Consolidating the Foundation, Building Momentum for a Long Voyage | Yuegong Holding Group Held Its 2021 Annual Summary and Awards Ceremony

Carrying forward our glorious legacy as we bid farewell to the old year, we forge ahead with determination to write a new chapter. To review our achievements, recognize outstanding contributors, and map out plans for 2022, thereby continuously advancing all aspects of the company’s work toward high-quality development, Yuegong Holding Group solemnly convened its 2021 Annual Summary and Awards Ceremony on the afternoon of January 26 in the fourth-floor conference room of the Group’s headquarters complex. With the theme “Consolidating Foundations, Building Momentum for Long‑Term Growth,” the event featured four agenda items and was chaired by Luo Yinchang, Executive Vice President of the Group. Attending were Group Chairman Chen Bailiang, President Ren Qiliang, other senior leaders, representatives from all departments of the Group, staff from various subsidiaries and functional units across Zhejiang, frontline employee delegates, members of the Group Party Committee and secretaries of all Party branches, members of the Group Trade Union, members of the Group Youth League Committee and secretaries of all Youth League branches, as well as award‑winning teams and individuals—totaling more than one hundred participants.

Agenda Item 1: New Year Address by Mr. Chen Bailiang, Chairman of the Group’s Board of Directors

In his New Year address, Chairman Chen expressed unequivocal recognition and heartfelt gratitude to all Yuangong employees for their concerted efforts in 2021, which helped forge a new chapter of shared success. He distilled the hard-won achievements of 2021 into key highlights: the successful relocation of the headquarters, the planning and deployment of a new base, the establishment of the “Yuangong Green Construction” brand by the Zhejiang company, groundbreaking advances in the bridge‑building business of the Shandong company, innovations in Yuangong’s talent‑management system, the formulation and implementation of an equity‑incentive scheme, the development of the enterprise’s 14th Five-Year Plan, and progress in corporate culture as well as Party, mass‑organization, and youth‑league building. He emphasized that creating a new paradigm of high‑quality development for Yuangong is the central strategic goal and task of the company’s 14th Five-Year Plan. To achieve this, it is imperative to bring the comprehensively upgraded new base into full operation, transition to an EPC‑based general contracting model, ensure that innovative businesses—such as prefabrication and specialized, niche‑focused services—account for more than 50% of the portfolio, essentially establish a talent‑support system aligned with the company’s growth, and put in place a dynamic, flexible, and efficient management framework while laying the groundwork for a fully modernized management system. Chairman Chen called on all Yuangong employees to align themselves with the profound changes shaping our environment and with the new goals and tasks set forth by the president, adopting stability, standardization, and accountability as the guiding principles for the year ahead, and to devote themselves wholeheartedly to advancing toward this strategic objective. Looking ahead to 2022, he underscored three priority areas: ensuring the timely completion and operational launch of Yuangong’s new base in Zhejiang by the end of August; urging subsidiaries to optimize their business structures and improve project‑management practices, thereby reversing financial constraints and mitigating risks; and organizing commemorative events marking the 30th anniversary of Yuangong’s founding, further defining the company’s strategic vision for the next three decades, and galvanizing the spirit and entrepreneurial drive of all Yuangong employees to build a new future of high‑quality development.

Agenda Item 2: Mr. Ren Qiliang, Group President, will deliver the “2021 Annual Work Report.”

President Ren summarized the progress of 2021 across various fronts, noting that while the Group’s economic indicators showed both increases and decreases, key metrics nonetheless demonstrated stability and momentum. Yuegong Green Construction has further matured and strengthened its reputation through real‑world execution, securing numerous accolades that reinforce its industry standing; its growing capacity to deliver on commitments has bolstered its confidence in taking on large‑scale projects; preparations for the new base are advancing steadily; human resources management has yielded fresh results; and the “Innovation and Pioneering” initiative has been vigorously rolled out, all contributing to the company’s development. He also commended and thanked all Yuegong employees for their concerted efforts and unwavering dedication throughout 2021. President Ren called on the entire Yuegong team, under the leadership of Chairman Chen Bailiang, to focus on solidifying the foundation, pursuing prudent operations, enhancing resilience, and creating long-term value—approaching each task with the resolve of a decisive battle from the outset—to strive for a strong start and sustained success in 2022. He outlined four key priorities: making the construction of Yuegong’s new base the top priority, continuously strengthening the company’s developmental bedrock and consolidating Yuegong Steel Structure’s position in the industry; upholding prudent management as the guiding principle, continually elevating the company’s safety and sustainability; cultivating robust internal capabilities to build resilience against pressure and risk, thereby reinforcing confidence; and prioritizing the creation of long-term value to drive Yuegong’s high‑quality, sustainable growth.

Agenda Item 3: Group-wide Recognition of Outstanding Achievements

Party, Labor, and Youth League Advanced Unit

Innovation and Excellence Individual Award

Innovation and Excellence Individual Award

Innovation and Excellence Group Award

Innovation and Excellence Group Award

Agenda Item 4: Statements and Remarks by the General Managers of Each Subsidiary and Business Unit

Speech by Hua Yuwu, General Manager of the Zhejiang Company

Looking ahead to the new year, General Manager Hua has outlined three key priorities for Zhejiang Yuegong in 2022: on the business front, expanding into EPC general contracting and green prefabricated construction; in the engineering domain, transitioning toward a full‑service general contractor; and in base development, ensuring that by July 1, 2022, all conditions for relocation are met and that subsequent operations can proceed smoothly. Despite the formidable challenges ahead, General Manager Hua affirmed that the Zhejiang company will maintain its spirited resolve—“dare to act, capable of delivering, and skilled at execution”—to confront even greater difficulties and obstacles and to achieve all performance targets set by the Group.

Speech by Chen Kuanli, General Manager of the Shandong Company

General Manager Chen expressed his commitment to achieving all 2022 performance targets, stating: To ensure the smooth completion of the year’s economic objectives, Shandong Company, guided by the work principles and directives set forth under the leadership of Chairman Luo Yinchang, will meticulously formulate corresponding plans and measures across key areas—including marketing, production, technology, engineering, safety, quality, human resources, technological upgrading, and corporate culture—further strengthening its strengths while addressing its weaknesses. With renewed vigor and unwavering dedication, we will press forward toward new goals, strive for continuous improvement, and deliver even greater results.

Speech by Ai Shenghui, General Manager of the Garage Business Unit

Based on the 2021 performance of all business units and the current market conditions, and in alignment with the Group’s strategic direction and operational objectives, General Manager Ai outlined five key areas for enhancement in the coming year: bolstering confidence to forge ahead; expanding distribution channels and increasing market share; strengthening management practices and reinforcing process oversight; elevating product quality and raising brand awareness; and enhancing technical maintenance and R&D capabilities. General Manager Ai expressed that the Garage Business Unit is both confident and resolute, fully capable of successfully achieving the annual targets and tasks set by the Group.

This conference marks a formal farewell to 2021 and opens a new chapter, guiding us toward the path ahead. With 2022 brimming with fresh opportunities and challenges, we will embrace new hopes, maintain high spirits and unwavering enthusiasm, and work together to drive Yuangong’s high-quality development, writing a new chapter of glory for the company.