Fuda Alloy Held 2025 Annual Review & Award Ceremony and 2026 Annual Work Kickoff Conference

Fuda Alloy 2030 Strategic Plan

On behalf of the Board of Directors, Meng Shan provided an in-depth explanation of Fuda's 2030 "3+3+3+X+N" strategic plan. The plan focuses on strengthening core businesses, empowering growth sectors, building enabling platforms, exploring frontier opportunities, and expanding through external investment and M&A. It also clarified the development path for each business unit and the supporting role of each functional center.

The report emphasized that all Fuda employees should move forward with determination, accountability, and strong execution, working toward the strategic goal of RMB 30 billion in revenue by 2030 and positioning Fuda as an innovation leader in the global new materials industry.

Interpretation of Fuda Alloy's Digital Transformation Strategy

Wang Fei, Assistant to the President and CIO, presented Fuda Alloy's digital transformation strategy. The report systematically outlined the strategic goals for digitalization across business units and functional centers, emphasizing how data-driven management transformation and intelligent technologies will reshape industrial competitiveness and build a strong digital foundation for the implementation of the Group's 2030 strategy.

Annual Operating Reports from Subsidiaries

Annual operating reports were presented by Wei Qinghong, Vice President and General Manager of Zhejiang Fudar; Tong Yiping, General Manager of Zhejiang Weida; Bai Xiaoping, Vice President, CTO, and General Manager of Zhejiang Junda; and Lin Wanhuan, Assistant to the Chairman, Chairman of Zhejiang Weida, and Chairman of Zhejiang Haoda.

Zhejiang Fudar

In 2025, Zhejiang Fudar achieved breakthroughs through innovation-driven growth and strong execution, achieving a new record in annual core business revenue. The company delivered outstanding results in high-end technology development, quality system upgrades, global market expansion, and intelligent manufacturing, further strengthening its position in the industry.

In 2026, Zhejiang Fudar will focus on three strategic priorities: technology advancement, intelligent operations, and global market expansion. Through ten strategic initiatives—including breakthroughs in global and high-end markets, core materials innovation, integrated digital operations, deeper quality transformation, and greater organizational efficiency—the company aims to move from scale-driven growth to quality-led development, and from global leadership in output and sales to leadership in performance, quality, and value, striving to become a global leader in integrated electrical contact system solutions.

Zhejiang Weida

In 2025, Zhejiang Weida worked with strong unity and determination, achieving breakthroughs in market expansion, notable progress in technological innovation and talent development, and comprehensive improvements in internal management.

In 2026, Zhejiang Weida will focus on market expansion, talent strengthening, innovation, cost control, digitalization, and system improvement. By promoting integrated development across its business segments and advancing efforts in team building, institutional reform, quality management, and digital workshop development, the company aims to become a leading supplier of advanced precious metal powder materials

Zhejiang Junda

For Zhejiang Junda, 2025 was a year of foundation building and strategic planning from the ground up. The company steadily refined its development roadmap, strengthened talent recruitment and development, and efficiently advanced site and resource deployment, taking its overall development to a new stage.

In 2026, Zhejiang Junda will focus on forward-looking fields, including liquid cooling for computing centers, semiconductor packaging, new energy device interconnection, and aerospace. It will further refine target sector selection and project research, define targeted product segments, expand product lines based on existing strengths, and integrate internal and external resources to complete the development of 1–2 related product lines within the year. By 2030, it aims to become a leading provider of industry solutions recognized for advanced technology, top talent, and outstanding quality.

Fuda Institute of Advanced Materials and Zhejiang Haoda

Fuda Institute of Advanced Materials focuses on frontier R&D and the commercialization of new materials, bringing together high-level talent and building advanced innovation platforms to help the Group cultivate new growth engines. Zhejiang Haoda, as one of the Group's three major growth industries, will further broaden Fuda's capabilities in precious metal new materials.

In 2025, both Fuda Institute of Advanced Materials and Zhejiang Haoda completed strategic planning and preliminary setup in line with the Group's overall deployment.

In 2026, Fuda Institute of Advanced Materials will continue leveraging the Group's platform advantages, strengthen project coordination, and strive to build a first-class institute distinguished by leading scale, distinctive strengths, strong innovation outcomes, replicable operating models, and strong regional and industry influence. Zhejiang Haoda will focus on project infrastructure development, talent pipeline building, and market expansion, injecting new momentum into the Group's high-quality growth.

Honoring Achievement, Celebrating Culture

Fuda's corporate culture performance followed the theme of reviewing history, standing in the present, and looking toward the future. Through vivid performances, employees paid tribute to Fuda's journey of dedication and shared a common vision for development.

A highlight of the event was the debut of "Fuda Tianxia", a powerful song tribute to Fuda's story. Members of the management team performed on stage, expressing the passion and aspiration of all Fuda employees to make good on the company's mission: "Small Materials Change the Big World".

The conference also presented a wide range of honors, including awards for Inspiring Fuda Figures, Outstanding Managers, Service Stars, Quality Stars, Technical Experts, Proposal Excellence, and Project Achievement Awards, recognizing employees who delivered exceptional contributions across roles and functions.

Chairman's Address

On behalf of the Board of Directors and the management team, Chairman Wang Dawu extended sincere thanks and New Year greetings to all Fuda employees, global partners, investors, and friends from all industries. He also highly praised the management reports, cultural performances, and speeches by award-winning representatives.

He noted that 2025 was a pivotal year for Fuda—one that connected the past and the future while laying the foundation for long-term development. Despite increasingly intense market competition, continued silver-price volatility, and the pressure of deep organizational transformation, all Fuda employees worked together to deliver strong results, complete a number of major initiatives, and write a new chapter in high-quality development. It was also a fitting conclusion to an extraordinary and highly challenging five-year journey.

The chairman emphasized that the height of development comes from the depth of long-term dedication. Looking back over the past five years, Fuda has continued to strengthen our unique competitive advantages, including our position as the only listed company on the Shanghai Stock Exchange main board in its segment, the only national enterprise technology center in the industry, and the only national manufacturing single-champion enterprise in its field, among other distinctive strengths.

In business operations, Fuda has steadily improved both quality and efficiency while expanding deeper into global markets. The company has maintained double-digit revenue growth for consecutive years, gained 77 government honors and 66 customer recognitions, and fully entered the supplier systems of global industry leaders such as Schneider, Siemens, and ABB. Our product competitiveness and brand value have both reached internationally leading levels.

In team building, Fuda has strategically optimized our talent structure and continuously unleashed organizational vitality. The proportion of highly educated and highly skilled talent has risen sharply, with employees holding bachelor's degrees or above increasing to four times the 2021 level. Over the past five years, average employee compensation has increased by more than 20%, allowing more employees to share in the rewards of growth.

In innovation, Fuda has continued to increase R&D investment and accelerate the delivery of innovation achievements. Supported by a talent mechanism that combines selective recruitment with internal development, the company's R&D team has grown to more than 300 people, including 3 senior professor-level engineers and more than 10 senior engineers, forming a strong innovation talent echelon. Fuda has published more than 40 papers, while our authorized patents increased from 81 in 2021 to 253.

In systems and governance, Fuda has comprehensively upgraded our management processes and further strengthened risk control foundations. We have built a modern management system with 382 issued policies, including 230 core systems, and optimized 223 core processes in key areas such as HR management and contract approval. We have also earned titles such as Zhejiang Provincial Trade Secret Protection Demonstration Site and National Intellectual Property Demonstration Enterprise, providing strong support for healthy and stable development.

The Chairman stated that the next five years will be a critical period for Fuda to accelerate transformation and upgrading, break through bottlenecks, reshape competitive advantages, and further define our industry position. It will also be a decisive stage in advancing toward the long-term vision of building a "RMB Hundred-Billion Enterprise, a Century-Strong Fuda".

By 2030, through sustained effort, Fuda Group aims to achieve RMB 30 billion in revenue and become an innovation leader in the global new materials industry. Our core subsidiaries will strive to become market leaders and technology pioneers in their respective fields, together forming a powerful industrial matrix in new materials. Looking ahead, based on the current industrial layout, the Group plans to expand by adding two new "Da" businesses every five years, moving from eight major product series toward eight major industries and building a virtuous, sustainable expansion system.

He stressed that 2026 marks the opening year of Fuda Group's 2030 "3+3+3+X+N” strategic plan and will also be a crucial year in the company's drive toward RMB 10 billion in revenue. Guided by our 2030 strategic goals and centered on the three priorities of group-wide integration, digitalization, and globalization, Fuda will focus on ten key areas: institutional innovation, talent innovation, technological innovation, manufacturing innovation, marketing innovation, digital innovation, financial management innovation, compliance innovation, cultural development, and employee care. Through innovation-driven development and reform-driven momentum, Fuda will continue moving steadily into our next stage of growth.