Time surges forward, ushering in a new era. As the first rays of 2026 illuminate the earth, we extend our deepest gratitude and warmest New Year wishes to every Sany colleague and their families worldwide who have stood shoulder-to-shoulder with us, to our valued customers and partners who have journeyed alongside Sany, and to all friends from every sector who have shown concern and support for Sany's development!

The year 2025 was one where challenges and opportunities intertwined. Facing a complex and ever-changing international landscape and the ongoing evolution of technological revolution, Sany Group steadfastly upheld its founding mission of “Quality Changes the World.” We resolutely advanced our strategy of “Globalization, Digital Intelligence, and Low Carbonization,” taking solid strides on the path of high-quality development.

This year, we accelerated our global expansion—successfully listing Sany Heavy Industry on the Hong Kong Stock Exchange to fully integrate with international capital markets. Overseas revenue reached new heights, with significant improvements in customer satisfaction, operational performance, and efficiency, bringing the goal of “100 billion yuan in overseas revenue” within reach. From Southeast Asia's infrastructure hotspots to the Middle East's energy heartlands, from Africa's mining depths to Europe's green construction sites, Sany equipment is now ubiquitous across the globe. Our globalization has evolved beyond mere “going global” to truly “taking root, integrating, and growing.”

This year, we deepened our digital and intelligent transformation— —adhering to the strategic principle of “fully realizing our digital and intelligent blueprint.” We deepened our focus in three key areas: intelligent products, intelligent manufacturing, and intelligent operations. This yielded a series of achievements: comprehensive deployment of unmanned equipment, model-driven future manufacturing plans, accelerated process simplification and optimization, widespread AI application integration, and overseas digital projects empowering global operations. Riding the wave of the AI era, Sany is resolutely advancing toward becoming the “iSANY Industrial Intelligence Entity.”

This year, we steadfastly pursued our low-carbon mission—with complete sets of electric equipment deeply involved in major national strategic projects, offshore wind turbines achieving their first breakthrough order, and microgrid projects successively implemented overseas... Our electrified product portfolio is leading industry trends, while our new energy industrial layout is steadily deepening and solidifying. Through one solid milestone after another, Sany is tangibly responding to the global shared aspiration for a sustainable future.

Behind all this lies the relentless dedication of 60,000 SANY employees, the unwavering trust of countless partners who stand by us, and the warm, light-like attention and support from all sectors of society. “You” and “all of you” are the very foundation of our confidence as we march forward together.

Today, the world faces intertwined political and economic turbulence, surging waves of technological revolution, and rapidly shifting boundaries across industries. Standing at the forefront of this transformative era, Sany is filled with unwavering confidence. This confidence stems not only from our position at the convergence of two unprecedented opportunities, but also from the five foundational values deeply embedded in Sany's DNA: loyalty to the Party and love for the nation, integrity and adherence to law, customer first, employee priority, and commitment to high standards in all matters at all times.

Looking ahead to 2026, Sany will celebrate its 40th anniversary. Through four decades, our founding spirit remains unchanged, and our resolve to forge ahead is unwavering. Forty years, one vision—the journey continues. Sany will steadfastly pursue its “Three Excellences” vision, uphold its five core values, steer with long-termism as our compass, and sail with innovation as our sail, full steam ahead to conquer the future.

The past fleets by like a white horse, while the future gallops like a steed. In this new year, let us pour all our passion and wisdom into crafting a new chapter for every striver, building Sany into an enduring and outstanding enterprise.

Wishing you all good health and happiness for your families.

January 1, 2026