On the afternoon of June 25th, Suzhong Construction held its annual shareholders' meeting for the year 2025. This meeting was held online through a video conferencing system, and shareholders who participated in the shareholders' meeting through online registration, facial recognition check-in, online voting, and other methods accounted for over 80% of the total shares of the company. Chairman Qi Honghu presented the "Work Report of the Board of Directors" on behalf of the board of directors, Chairman Wang Yihong presented the "Work Report of the Board of Supervisors" on behalf of the board of supervisors, and Director Zhu Xiaoqiang presented the "2024 Financial Final Accounts and 2025 Financial Budget Report" and "2024 Profit Distribution Plan" reports. The meeting was chaired by Vice Chairman Chen Yongming.

In the "Work Report of the Board of Directors", Chairman Qi Honghu reported to the shareholders' meeting on the relevant work of the Board of Directors over the past year. From four aspects: overall stable production and operation, orderly progress in risk resolution, improvement in transformation and development, and deepening reform and empowering development, he reviewed the operational development of Suzhong Construction in the past year and proposed the work ideas and measures of the Board of Directors and the company for the next stage:

One is to spare no effort in clearing and collecting debts. We need to further develop and improve the collection plan, clarify goals, consolidate responsibilities, implement measures, and creatively promote the collection work around the newly signed key work responsibility agreement this year.

The second is to spare no effort in cracking down on debt liquidation cases. Carry out a "retrospective review" of chief complaints and rights protection, and identify and fill in gaps in response to new situations in various markets; Intensify the execution of chief complaints and improve execution efficiency; Strengthen the resolution of internal "triangular debts" and increase the handling of cases of cross execution of creditor's rights.

The third is to continuously strengthen the construction of internal control. Refine internal assessment, establish a risk mitigation mechanism, and balance the relationship between responsibilities and rights. Slimming and fitness, reducing costs and increasing efficiency, reducing intermediate links, fully supporting high-quality and large-scale development of units with strong capabilities and high efficiency.

The fourth is to comprehensively enhance business capabilities. Targeting emerging markets such as urban renewal and beautiful rural construction, breaking through barriers, extending into the manufacturing industry, and expanding into new markets; Select central state-owned enterprises with strong capabilities and complementarity to carry out in-depth cooperation; Seeking markets and projects from overseas, striving for greater achievements.

All attending shareholders listened, reviewed, and voted online to approve the "Work Report of the Board of Directors", "Work Report of the Supervisory Board", "2024 Financial Final Accounts and 2025 Financial Budget Report", and "2024 Profit Distribution Plan".

The successful convening of the 2025 Annual Shareholders' Meeting has further enhanced the confidence of all shareholders in Suzhong. We have seen Suzhong's indomitable spirit in the face of difficulties, solid and effective measures, and the direction of transformation and upgrading. This has further strengthened our belief, confidence, and determination to stand together with Suzhong through thick and thin and move towards the future!