On the occasion of the 2026 New Year, on behalf of LUOYANG NORTHERN EK CHOR MOTORCYCLE CO.,LTD., we extend our sincere greetings to all the cadres and employees who have worked diligently in their respective positions, as well as to the retired leaders, colleagues and employees’ families who always care about the company’s development! We also express our heartfelt gratitude and best wishes to the leaders at all levels and friends from all walks of life who have cared for and supported the company for a long time!

2025 is a pivotal year for the development of DAYANG Company, marking a crucial transition period, a year that links its past and future. This year, the company marked the first anniversary of absolute state-owned equity holding, stepped into its first year as a member of China Changan Automobile Group, the "new central SOE", and successfully concluded the 14th Five-Year Plan. Facing a complex environment and challenging reform tasks, guided by the "1337" development strategy, all employees of DAYANG Company have united as one and worked with one heart and one mind, bringing the 14th Five-Year Plan to a successful conclusion.

Over the past year, the company has remained focused on its goals and overcome numerous challenges. Facing market fluctuations, it maintained strategic resolve and implemented precise measures. Corporate governance structures were continuously optimized, and the product structure transformed towards high-end, personalized, and new energy-based products. The market structure achieved breakthroughs within both domestic and international markets, and the talent structure injected fresh impetus into development.

The company has fully implemented its annual business guidelines, with a solid foundation for safety and environmental protection, remarkable results in quality improvement, and fruitful achievements in market expansion. The Dayang brand has gained widespread reputation through various exhibitions and events, with its brand value hitting a new high—ranking 261st among China’s Top 500 Most Valuable Brands. A number of our products have won industry awards, and the company has successfully passed a number of certifications and audits, laying a solid internal foundation to underpin the steady development of the enterprise.

Over the past year, DAYANG has been dedicated to innovation, building its technological strength. Adhering to technology leadership and forward-looking planning, the Vi-Core hybrid platform has undergone iterative upgrades, and the V-twin cylinder power platform has been successfully launched. The application of intelligent and connected technologies has accelerated. Dayang Innovation Research Institute continues to make significant progress, continuously improving its open innovation system and accelerating the development of forward-looking products, thus building a strong foundation for future growth.

Over the past year, the company has deepened its reforms and expanded its development horizons. We have steadfastly advanced the pace of "comprehensive internationalization", further cultivated markets along the Belt and Road Initiative, and launched the "Overseas Quality and Service Campaign". The domestic and international markets have advanced in synergy, with robust progress made in developing emerging markets. We have actively integrated into the big family of China Changan Automobile Group, and the industrial synergy effect has initially taken shape. Internal reforms have been further deepened, delivering remarkable results in cost reduction and efficiency improvement, and effectively elevating the overall management efficiency.

Over the past year, the company has strengthened its roots and forged its soul, with Party building providing guidance to pool collective strength. We have upheld and strengthened the Party's overall leadership, thoroughly studied and implemented the guidelines of the CPC Central Committee, earnestly carried out educational initiatives, and steadily improved Party conduct and enforced discipline. Party building has been deeply integrated with production and operations. The "Proactive Offensive Culture" has inspired all cadres and employees to work with passion for the company's development. Solid progress has been made in rectifying issues identified in inspections, and a strong line of defense for integrity and self-discipline has been firmly established.

What seems ordinary often hides extraordinary efforts, what appears easy is always rooted in immense hardships. During the 14th Five-Year Plan period, DAYANG Company forged ahead amid complex and volatile circumstances. Guided by the market and driven by innovation, we have comprehensively deepened reforms, laying a solid foundation for the 15th Five-Year Plan.

As we embark on a long journey with favorable momentum and shoulder arduous responsibilities for a new start, 2026 marks the first year of the 15th Five-Year Plan and a crucial year for DAYANG Company to stride toward high-quality development on the new central enterprise platform. Standing at this new starting point, under the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era and the strategic leadership of China Changan Automobile Group, we will implement the "1337" development strategy, hold high the banner of the "Proactive Offensive Culture", and forge ahead with unwavering confidence, pioneering spirit, solid work, and courage. We will strive to accomplish the 2026 targets and promote DAYANG Company to achieve leapfrog development!

We sincerely wish everyone good health, smooth work, and a happy family in the new year! Let us all look forward to a brighter future for DAYANG Company!