Beijing Stone Century Technology Co., Ltd

2024 Annual Report on the Work of the Board of Directors

In 2024, the board of directors of Beijing Stone Century Technology Co., Ltd. (hereinafter referred to as the "Company") will strictly comply with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Articles of Association of Beijing Stone Century Technology Co., Ltd. (hereinafter referred to as the "Articles of Association") and the Rules of Procedure of the Board of Directors of Beijing Stone Century Technology Co., Ltd. and other relevant regulations, earnestly perform the duties of directors, conscientiously implement the resolutions of the general meeting of shareholders, strengthen internal control management, and improve management level and execution ability. Continuously improve the corporate governance structure and institutional norm system, focus on the company's development strategy, promote the steady development of the company's production and operation, and maintain the company's sustainable and good development. The Board's priorities and main work for 2024 are now reported.

1. The company's main operations in 2024

The company continues to adhere to the scientific and technological mission of "making life more quality", with the corporate vision of "becoming the world's leading technology enterprise", and closely focuses on the real needs of consumers, and has launched a series of intelligent cleaning products, including intelligent sweeping robots, floor scrubbers, washer-dryers and other intelligent electrical appliances.

In 2024, with its strong technological innovation and product research and development capabilities, the company will continue to practice the "going global" strategy and launch a series of new products in domestic and foreign markets. With excellent performance and technical advantages, these products have won wide market recognition, improved the sales performance of the company's products, and further enhanced the core competitiveness. At the same time, through an active product strategy, the company has continuously enriched the product matrix, broadened the price segment, promoted the layout of the full price segment, and made key breakthroughs in the mainstream price segment. In addition, the company also optimizes the sales structure, strengthens the channel layout, enhances the brand influence, and deeply taps the market potential through refined market strategies.

During the reporting period, the company's various categories went hand in hand and continued to launch a variety of new products. In the field of intelligent sweeping robots, the company has met the needs of different consumers by broadening the price segment and enriching the product matrix, and achieved both sales and sales growth. At the same time, in the field of floor scrubbers and washers-dryers, the company has continuously launched new products with leading technology and high-quality products, and has obtained good market feedback and performance breakthroughs. In the domestic market, benefiting from the promotion of the "trade-in" subsidy policy in the home appliance industry, the company's business income has been realized

rapid growth; In overseas markets, through refined channel layout, we have expanded new markets, enhanced the influence of brands and products, and achieved a significant increase in the company's overseas business revenue.

According to the strategic deployment of the board of directors, under the leadership of the company's management, the company will achieve operating revenue in 2024

income was 1,194,470.72 million yuan, a year-on-year increase of 38.03%; The total profit was 209,754.68 million yuan

The net profit attributable to the owners of the parent company was 1976.5632 million yuan. The key financial figures for 2024 are shown in the table below:

Project 2024 2023 Change in increment or decrease

Degree (%)

Operating income (RMB) 11,944,707,206 8,653,783,788 38.03

Net profit attributable to shareholders of listed companies 1,976,563,235 2,051,217,414 -3.64

(RMB)

Deductions attributable to shareholders of listed companies 1,620,399,657 1,826,089,668 -11.26

Net profit of profit or loss (RMB)

Net cash flow from operating activities 1,733,868,018 2,185,931,368 -20.68

(RMB)

Basic earnings per share (RMB/share) 10.77 11.19 -3.75

Diluted earnings per share (RMB/share) 10.71 11.13 -3.77

Basic per share after deducting non-recurring gains and losses was 8.83 9.96 -11.35

Profit (RMB/share)

Weighted average return on equity (%) 16.18 19.56 decreased by 3.38

percentage point

The weighted average net after deducting non-recurring gains and losses was 13.27 17.41 decreased by 4.14

Return on Assets (%) percentage points

Ratio of R&D investment to operating income (%) 8.13 7.15 increased by 0.98

percentage point

End of 2024 End of 2023 Change in increment or decrease

Degree (%)

Total assets (RMB) 17,484,730,046 14,376,641,614 21.62

Net assets attributable to shareholders of listed companies 12,869,225,664 11,380,526,122 13.08

(RMB)

Total share capital (RMB) 184,723,148 131,477,470 40.50

During the reporting period, the company has always adhered to the principle of benefiting life with technology, building a brand with quality, and warming people's hearts with high-quality service, focusing on the following work:

(1) Consolidate R&D advantages, continue to iterate technical reserves, and inject strong impetus into future development

The company has always focused on the field of intelligent clean home appliances, adhering to the concept of seeking truth and pragmatism, taking consumer demand as the core, and is committed to creating practical products to promote the continuous improvement of the technical level of the industry. With its strong technological and innovative advantages, it provides consumers with an excellent cleaning experience and has won wide market recognition.

1. Take user needs as the core and create practical-oriented products

The company has always taken solving user pain points as the core of product design, deeply insight into consumer needs, and strives to integrate practicality into every product. Whether it is an intelligent sweeping robot, a floor scrubber, or a molecular sieve washing and drying machine, the company starts from the actual use scenarios of users to optimize product functions and improve the user experience.

2. Continue to iterate technology and launch industry-leading innovative products

During the reporting period, the company successfully launched a variety of high-performance intelligent cleaning products, including intelligent sweeping robots, floor scrubbers and molecular sieve washer-dryers. These products are not only equipped with a number of industry-first technologies, but also comprehensively improve the cleaning effect from multiple dimensions such as mopping effect, anti-tangle ability, obstacle crossing performance, assisted cleaning and intelligent cleaning and care.

3. Strengthen independent research and development capabilities and build a technical moat

The company attaches great importance to independent R&D and innovation capabilities, and continues to increase R&D investment. During the reporting period, the company

R&D investment reached 971 million yuan, a year-on-year increase of 56.93%; There are 1,043 R&D personnel, accounting for the total number of employees

40.74%； 741 new domestic and foreign authorized patents have been obtained. At the same time, the company has established a sound technical protection system to ensure the security and exclusivity of the core technology through patent applications, technical secret protection and other means, providing a solid guarantee for the company's long-term development. Through continuous technological breakthroughs and product upgrades, the company has not only enhanced the competitiveness of its own products, but also set a new technical benchmark for the intelligent cleaning home appliance industry. In the future, the company will continue to use technological innovation as the engine to bring more high-quality products to consumers, and at the same time promote the improvement of the overall technical level of the industry.

(2) Refine the global layout and achieve sustainable development of business at home and abroad

1. Deeply cultivate the domestic market and strengthen brand influence

In the domestic market, the company focuses on resources, focuses on breakthroughs in the mainstream price segment of products, and lays out products in multiple price segments to meet the needs of different consumer groups. In terms of brand building, the company fully studies and judges the habits and needs of domestic consumers, emphasizes the brand image of "quality life", strengthens the user's mind, and expands market influence. Through the layout of online and offline high-quality channels, the company continues to increase brand exposure, strengthen communication with consumers, and further increase consumer recognition and brand awareness.

2. Expand overseas markets and enhance global competitiveness

In the overseas market, the company is based on the global market with an international vision, simultaneously broadens the price range of overseas products, and further expands the markets in North America, Europe and the Asia-Pacific region by taking advantage of the established market scale and brand reputation advantages. Up to now, the company's products are distributed in more than 170 countries and regions around the world, and there are more than 20 million stores

The court uses stone sweeping robots to enjoy the quality of life brought by scientific and technological innovation. At the same time, the company has set up local branches or subsidiaries in major overseas markets to enhance the understanding of the local market and better provide after-sales service. At present, the company has set up overseas companies in the United States, the United Kingdom, Japan, the Netherlands, Poland, Germany, South Korea, Canada and other places to grasp the market dynamics in a timely manner and improve the efficiency of strategy implementation.

(3) Intensively cultivate online business and develop multi-channel operations

1. Deepen cooperation with online channels and tap high-quality traffic

The company expands product sales and market coverage through diversified marketing channels. During the reporting period, the company continued to carry out in-depth cooperation with various e-commerce platforms, laid out products and fully tapped the high-quality traffic of the platform. At the same time, the company actively uses accurate marketing strategies and active market research to improve marketing efficiency and market response speed, and further enhance market competitiveness.

2. Expand offline channels and improve user experience

In the domestic market, the company has opened nearly 200 offline experience stores in business districts in some core cities through distribution, accurately focusing on user needs, improving user perception and experience, and helping to increase industry penetration. In overseas markets, the company took the initiative to adjust the sales structure, increase the proportion of self-operated channels, and grasp the initiative of product layout and marketing strategy. For example, in the North American market, the company has achieved both word-of-mouth and sales growth by opening online brand stores on online platforms such as Amazon, Home Depot, Target, and Bestbuy, and through the expansion of offline stores and the number of SKUs.

(4) Continue to improve organizational capabilities and build a diversified talent team

1. Build an efficient management team and lay a solid foundation for development

Through the combination of external recruitment and internal training, the company continues to improve organizational capacity building and talent team building. At present, the company has established a management team with rich experience in strategic development, product research and development, financial management, corporate governance, etc., which provides a strong talent guarantee for the company's long-term development.

2. Pay attention to talent training and empower employees to grow

The company attaches great importance to talent training, combines business needs and employee needs, formulates annual training plans, and dismantles quarterly, monthly, and weekly training plans, covering functional general, business management processes, professional skills, management and other directions, and adopts face-to-face, live broadcast, online learning and other diversified training forms to comprehensively improve employees' vocational skills and professional quality.

(5) Improve the multi-dimensional quality system and establish a good corporate image

1. Take quality as the cornerstone and optimize customer service

The company has always adhered to the vision of "becoming the world's leading technology home appliance enterprise", focusing on users and taking quality as the cornerstone. During the reporting period, the company comprehensively optimized the relevant systems of quality control, improved the quality management system, strengthened the improvement of quality skills, and carefully safeguarded the legitimate rights and interests of customers.

2. Actively maintain stakeholders and expand brand influence

The company always pays attention to the opinions of stakeholders from all walks of life, and introduces the company's business situation and development strategy to the market by holding performance briefings, shareholder conferences, roadshows, supplier conferences, etc., effectively responding to the demands of shareholders and investors, consumers, government and regulatory agencies, suppliers, employees and other parties, continuously expanding the influence and popularity of the brand, and helping the company's product sales and user reputation to further improve.

2. Changes in the members of the Board of Directors

During the reporting period, the second session of the board of directors of the company consisted of 5 directors, including 3 non-independent directors

There are 2 directors. On October 29, 2024, the company held the second employee representative meeting in 2024

The employees of the meeting voted and agreed to elect Mr. Wu Qi as the employee representative director of the third board of directors of the company. 2024

On November 19, the company held the second extraordinary general meeting of shareholders in 2024 to deliberate and approve the "About the Board of Directors of the Company

The Proposal for the General Election of Non-Independent Directors of the Third Board of Directors" and the "Proposal on the General Election of Independent Directors of the Third Board of Directors of the Board of Directors of the Company" and other proposals completed the re-election of the second board of directors, and the term of the original director Zhang Ruimin expired

Leaving. On January 27, 2025, the company held the first extraordinary shareholders' meeting in 2025 to deliberate and approve the "About Supplement

The proposal to elect independent directors of the third board of directors of the company completed the by-election of independent directors due to the expiration of the term of office of independent directors Mr. Huang Yijian and Mr. Jiang Yujie. At present, the third board of directors of the company is composed of 5 directors, including 3 non-independent directors and 2 independent directors. Mr. Chang Jing, Ms. Sun Jia and Mr. Wu Qi are non-independent directors of the Company; Ms. Zhang Yanan and Mr. Liu Fei are independent directors of the Company. Mr. Chang Jing serves as the chairman of the board of directors of the company.

3. The work of the Board of Directors in 2024

During the reporting period, all directors of the company fulfilled their duties and responsibilities, paid attention to the company's operation and management information, financial status, major issues, etc., discussed in depth the various proposals submitted to the board of directors for deliberation, made suggestions and suggestions for the company's business development, fully considered the interests and demands of small and medium-sized shareholders when making decisions, effectively enhanced the scientific nature of the board of directors' decision-making, and promoted the sustained, stable and healthy development of the company's production and operation.

(1) Meetings of the Board of Directors

During the reporting period, the company held a total of 10 meetings of the board of directors, the convening and convening procedures of the meetings, and the attendees of the meetings

The qualifications of members, conveners and voting procedures are in accordance with the relevant provisions of laws, regulations and the Articles of Association, and the resolutions made at the meeting are legal and valid.

Serial No. Date Session Motion

1. Proposal on < 2023 Annual Report on the Work of the Board of Directors>

2. Proposal on < 2023 Annual Report > and its Summary

3. Report on the Performance of the Audit Committee of the Board of Directors in < 2023 >

The Motions》

4. "Proposal on < 2023 General Manager's Work Report >"

5. "On the Deposit and Actual Use of Funds Raised in < 2023"

Motions > report》

6. Proposal on the use of part of the idle raised funds for cash management

Case》

7. Proposal on < 2023 Internal Control Evaluation Report >

8. "Proposal on < 2023 Annual Social Responsibility Report >"

9. "Proposal on < 2023 Annual Financial Accounts Report >"

10. "Proposal on the 2024 Remuneration of Directors"

11. Proposal on the 2024 Remuneration of Senior Managers

1 2024/3/27 Session 23 12. "Proposal on the Estimated Daily Related Party Transactions in 2024"

Meeting 13, "Proposal on Applying for Comprehensive Credit Line of Banks in 2024"

14. Proposal on the Use of Part of Idle Own Funds for Cash Management

Case》

15. "On the 2023 Annual Profit Distribution Plan and Capital Reserve Conversion Increase".

Proposal for share capital plan》

16. Proposal on the > of the Report of the < Audit Committee on the Performance of Supervision Duties by Accounting Firms in 2023

17. "About < Evaluation of Accounting Firms' Performance of Duties in 2023

Proposal to estimate the > of the report》

18. Discussion on the Special Report on the Self-examination of the Independence of Independent Directors

Case》

19. "On the 2024 Action Plan for Improving Quality and Efficiency and Valuing Returns".

Motion》

20. Proposal on Convening the 2023 Annual General Meeting of Shareholders

The second director 1, "Proposal on < > of the First Quarter Report of 2024"

2 2024/4/26 Session 24 2. "Proposal on Changing the Members of the Special Committee of the Board of Directors"

Meetings

1. "On Adjusting the Grant Price of the Company's 2022 Restricted Stock Incentive Plan

Proposal for the second term of directors》

3 2024/5/17 25 2. "On the Second Vesting of the Company's 2022 Restricted Stock Incentive Plan."

Proposals that meet the vesting conditions during the meeting》

3. Proposal on the Cancellation of Part of the Restricted Shares Granted that Have Not Been Vested

Case》

The second session of the board of directors 1, "on the adjustment of part of the raised funds to invest in the investment amount of the project and implementation

4 2024/5/28 Session 26 Proposal

Meetings

1. "On the < Company's 2024 Business Partner Stock Ownership Plan (Draft)" >

and its summary of the motion"

2. "Measures for the Administration of the 2024 Business Partner Stock Ownership Plan of < Company>

The Motions》

3. "On Requesting the General Meeting of Shareholders to Authorize the Board of Directors to Handle the Company's 2024 Annual Affairs."

Proposal on matters related to the stock ownership plan of the second board of directors and partners》

5 2024/6/20 Session 27 4, "On < Company's 2024 Restricted Stock Incentive Plan (Draft)" >

Motions of the meeting and its summary》

5. "On the Implementation Assessment of the Company's 2024 Restricted Stock Incentive Plan of < Company".

Proposal on the > of the Management Measures》

6. "On Requesting the General Meeting of Shareholders to Authorize the Board of Directors to Handle the Company's 2024 Term."

Proposal on matters related to the stock incentive plan》

7. Proposal on Convening the First Extraordinary General Meeting of Shareholders in 2024

The second director 1, "About the company's 2024 restricted stock incentive plan incentive objects

6 2024/7/8 Session 28 Proposal on Grant of Restricted Shares》

Meetings

1. "On Adjusting the Grant Price of the Company's 2023 Restricted Stock Incentive Plan

Proposal on the qualifications of the second term of directors and the number of grants》

7 2024/8/5 Meeting 29 2. "On the First Vesting of the Company's 2023 Restricted Stock Incentive Plan

Proposals that meet the vesting conditions during the meeting》

3. "On the Cancellation of the Company's 2023 Restricted Stock Incentive Plan".

Proposal for the Grant of Unvested Restricted Shares》

1. "Proposal on < 2024 Semi-Annual Report > and its Summary

2. "On the Deposit and Actual Use of Raised Funds in the Half Year of 2024

The proposal of the special report》

3. On Adjusting the Grant Price of the Company's 2020 Restricted Stock Incentive Plan

Proposal on the qualifications of the second term of directors and the number of grants》

8 The thirtieth meeting of the 2024/8/28 meeting 4. "On the fourth vesting of the company's 2020 restricted stock incentive plan

Motions that meet the vesting conditions during the session》

5. Proposal on the Cancellation of Part of the Restricted Shares Granted but Not Vested

Case》

6. Proposal on Applying for a Comprehensive Credit Line of Banks in 2024

7. Half of the 2024 Action Plan for "Improving Quality and Efficiency and Valuing Returns".

Proposal for the Annual Assessment Report》

1. "Proposal on < > of the Third Quarter Report of 2024"

2. "Proposal on Changing the Accounting Firm in 2024"

3. "On Changing the Registered Capital, Enterprise Type, and Increasing the Company's Business Scope

The second session of the board of directors and the proposal to revise <公司章程>and handle the change of industrial and commercial registration》

9 2024/10/2 Session 31 4. "Proposal on Providing Guarantees for Employees to Rent Housing"

9 Meeting 5, "On the General Election of the Third Board of Directors of the Board of Directors of the Company

Motions of Things》

6. On the General Election of Independent Directors of the Third Board of Directors of the Board of Directors of the Company

The Motions》

7. Proposal on Convening the Second Extraordinary General Meeting of Shareholders in 2024

1. Proposal on the election of the chairman of the third board of directors of the company

2024/11/1 The third term of directors 2, "On the election of members of the special committees of the third board of directors of the company and

10 9 The first meeting of the chairman of the committee"

Resolution 3, "On the appointment of the company's general manager, deputy general manager, chief financial officer, and directors

Motions of the Secretary of the Board of Directors and the Securities Affairs Representative》

(2) The implementation of the resolutions of the general meeting of shareholders by the board of directors

During the reporting period, the company held a total of 3 shareholders' meetings. The board of directors strictly follows the functions and powers conferred by the general meeting of shareholders and the articles of association, conscientiously implements the resolutions of the general meeting of shareholders, gives full play to the functions and roles of the board of directors, promotes the company to improve its governance level, and safeguards the overall interests of the listed company and the legitimate rights and interests of all shareholders. As of the end of the reporting period, all the resolutions of the general meeting of shareholders held in 2024 have been fully implemented.

(3) The operation of the special committees of the board of directors

The Board of Directors of the Company has established four special committees: the Strategy and ESG Committee, the Audit Committee, the Nomination Committee, and the Remuneration and Appraisal Committee. The members of the special committees are able to deliberate and express their opinions on the company's regular reports and other matters in accordance with the provisions of the work rules, give full play to their professional skills and decision-making capabilities, provide good support for the decision-making of the board of directors, provide valuable suggestions for the company's operation, strategic investment, financial audit and other major matters, and promote the company's compliance and healthy development.

(4) The performance of duties by independent directors

The independent directors of the company can strictly follow the "Company Law of the People's Republic of China", "Securities Law of the People's Republic of China" and other laws, regulations, rules and guidelines, as well as the "Articles of Association", "Beijing Stone Century Technology Co., Ltd. Independent Director Work System" and other relevant regulations and requirements, in line with the attitude of being responsible to the company and shareholders, diligent and conscientious, faithfully perform their responsibilities, actively pay attention to the company's major business decisions, attach importance to protecting the legitimate rights and interests of small and medium-sized investors, give full play to the role of independent directors, and provide an effective guarantee for the scientific decision-making of the board of directors. During the reporting period, the independent directors did not raise any objections to the expected matters of daily related party transactions in 2024.

(5) Improve the company's information disclosure system

During the reporting period, the board of directors of the company strictly followed the provisions of laws and regulations such as the Rules for the Listing of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange and the Self-Regulatory Guidelines for Listed Companies on the Science and Technology Innovation Board of the Shanghai Stock Exchange No. 1 - Standardized Operation, and fulfilled its information disclosure obligations in a timely, accurate and complete manner, so as to ensure that investors were aware of the company's major events and business conditions in a timely manner, and effectively improve the company's standardized operation level and transparency.

(6) Improve the company's internal governance capabilities

The board of directors of the company operated in accordance with the law, reviewed and revised the Articles of Association according to the actual situation of the company, gradually improved the company's internal control process, implemented specific inspection work through a combination of daily supervision and special supervision, and continued to organize business departments to make suggestions and optimize the design and implementation of internal control, further strengthen the implementation of the internal control system, and improve the level of internal control management. The company will continue to build and improve the company's internal control system and standardize the internal control system as soon as possible in accordance with the regulatory requirements and relevant regulations of regulatory authorities and other regulatory authorities

Strengthen internal control supervision and inspection, optimize the internal control environment, improve the level of internal control management, effectively prevent various risks, and promote the standardized, healthy and sustainable development of the company.

(7) Strengthen the management of investor relations

During the reporting period, the company attached great importance to the management of investor relations, held a number of performance briefings, and set up investor hotlines and mailboxes, which were answered and replied by special personnel, and answered the questions of various investors professionally and patiently; Assign a special person to be responsible for the investor communication and exchange work of SSE E Interactive, earnestly abide by the requirements of the Articles of Association and relevant policy documents, and effectively strengthen the protection of the rights and interests of small and medium-sized investors. The shareholders' meeting was held in a combination of on-site meetings and online voting to facilitate the active participation of investors.

3. Work plan for 2025

In 2025, the company will continue to implement technological innovation, continue to increase R&D investment, pay attention to talent introduction and training, improve product performance, further broaden sales channels, strengthen brand building, and enhance the company's brand image. Under the leadership of the Board of Directors, the company's management team will further update its philosophy, improve its management capabilities for the market, make life more quality, and strive to achieve its business goals and plans for 2025. In 2025, we will focus on the following aspects of operation and management:

1. Gain insight into user needs, consolidate technical barriers, improve product design, and optimize product structure layout

In 2025, the company will uphold the mission of "making life more quality", gain in-depth insight into user needs, and accurately grasp consumer pain points. The company will continue to increase investment in technology research and development, especially in core technology fields such as AI, intelligent algorithms, and laser navigation, to further improve the intelligent level of products, and continue to optimize product design, and is committed to bringing users an excellent experience with high-quality products and services. By further expanding the product price segment and enriching the product matrix, we respond to the differentiated needs of consumers. In addition, the company will accelerate the process of product technology pre-research, product incubation and achievement transformation, and continue to expand the product matrix, so as to continuously improve the company's comprehensive R&D strength and R&D benefits, and contribute to creating a better life.

2. Promote brand building, refine marketing strategies, and promote sales growth

The company will continue to use social media platforms to promote the brand through diversified marketing strategies, and enhance the brand's sense of technology and fashion through user experience videos and professional evaluations, so as to further enhance brand awareness. At the same time, the company will study and judge the trend of consumer demand in real time, implement localized marketing strategies for different markets, strengthen interaction with local consumers, further optimize the layout of online and offline channels, expand market coverage in North America, Europe and the Asia-Pacific region, improve and optimize the marketing network system, promote the company's brand building, and provide continuous impetus for business growth. In addition, the company through cross-border cooperation, brand spokesperson

and large-scale marketing campaigns and participation in internationally renowned exhibitions such as AWE, IFA and CES to enhance brand exposure.

3. Pay attention to the introduction of talents and strive for excellent results

We insist on taking talents as the core and taking multiple measures to build a diversified talent team. On the one hand, we will continue to introduce high-end talents, focus on cutting-edge technology and innovation, and inject professional strength into the company. On the other hand, we will carry out in-depth campus recruitment, attach importance to the cultivation of new generation talents, optimize the personnel structure, and help the construction of team echelon. At the same time, we will promote the introduction and training of talents in an all-round way to inject new vitality into the development of the company. At the management level, we will uphold the concept of excellent performance and improve internal management and basic work. By strengthening target management and implementing the department and post responsibility system, we will ensure that all work is carried out in an orderly manner and efficiently implemented. At the same time, we will optimize the assessment and incentive mechanism, and through the establishment of a long-term equity incentive plan, we can deeply stimulate the work enthusiasm and innovation creativity of every employee, improve the overall management level and work quality, and realize the common growth of employees and enterprises. These initiatives will lay a solid foundation for the company's future steady development and propel us to new heights.

4. Strengthen project management and control and improve investment efficiency

The company will continue to deepen the research on development strategy, and actively promote the specific implementation and implementation of relevant major projects. On the basis of making full use of the raised funds, the company will closely focus on the main business, optimize the industrial layout, and strengthen the synergy effect, so as to further enhance the scale of operation and core competitiveness. At the same time, the company will strengthen the target management of major projects, adhere to the result-oriented, fine control of each node, strengthen the performance evaluation system, and strictly control business risks. While maintaining the steady growth of the main business, the company will actively pay attention to high-quality investment opportunities that are synergistic with the main business and meet the development needs of the enterprise with an open and prudent attitude, so as to lay a solid foundation for achieving synergies and improving the company's performance in the future.

In 2025, the Board of Directors will continue to play a core role in corporate governance, continue to do a solid job in the daily work of the Board of Directors in accordance with the Company's development strategic planning and operation situation, further establish and improve the corporate system, standardize the Company's operation, and do a good job in information disclosure and investor relations. Conscientiously organize and implement the resolutions of the shareholders' meeting, make scientific and reasonable decisions within the scope of the authorization of the shareholders' meeting, and promote the company's standardized operation to a new level. At the same time, we will do a good job in the continuous improvement of the company's internal control system and risk management, so as to improve the company's operation and management level and management efficiency, and ensure the company's sustainable development.

Board of Directors of Beijing Stone Century Technology Co., Ltd