Glodon Company Limited

Stock Code: 002410 Stock Abbreviation: Glodon Announcement No.: 2026-004

Glodon Company Limited

I. Important Notice

This summary of annual report is abstracted from the full text of the Annual Report 2025. In order to fully

understand the Company’s operating results financial position and future development plans investors are

advised to carefully read the full text of the Annual Report 2025 on the media designated by the China Securities

Regulatory Commission.All directors attended the meeting of Board of Directors at which the Report was reviewed.Non-standard audit opinion notification

□ Applicable□ Not applicable

The profit distribution proposal for ordinary shares or the proposal to capital reserve capitalization for the

Reporting Period as considered by the Board of Directors

□ Applicable □ Not applicable

Whether to implement capital reserve capitalization

□ Yes□ No

The profit distribution plan of the Company considered and approved by the Board of Directors is as follows: a

cash dividend of RMB 2.3 (including tax) for every 10 shares held by all the Shareholders based on the total share

capital of the Company as of the date of registration of shareholdings when implementing the profit distribution

plan in 2026 with no bonus shares and no conversion of capital reserve to share capital.Profit distribution proposal for preferred shares during the Reporting Period passed by the Board of Directors

□ Applicable□ Not applicable

1Glodon Company Limited

II. Company Profile

1. Company Information

Share name Glodon Share code 002410

Stock Exchange Shenzhen Stock Exchange

Previous stock abbreviation (if

Not applicable

any)

Contact information Secretary of Board of Directors Securities Affairs Representative

Name Feng Jianxiong Cheng Yan

E-13 10 Xibeiwang East Road Haidian E-13 10 Xibeiwang East Road Haidian

Office address

District Beijing China District Beijing China

Fax 010-5640 3335 010-5640 3335

Tel. 010-5640 3059 010-5640 3059

E-mail ir@glodon.com ir@glodon.com

2. Main Business of the Company

As a digital construction platform service provider Glodon focuses on engineering projects as its fundamental

business units covering the entire lifecycle of such projects. Centered on cost management the Company provides

clients with a range of software-centric products and services. Its business serves all participants across the

industry chain worldwide including developers designers consulting intermediaries contractors manufacturers

material suppliers and building operators.Focusing on the entire lifecycle of an engineering project and the value chain the Company divides its

operations into three main business segments and other ancillary services during the Reporting Period. The three

primary business segments are Digital Design Digital Cost and Digital Construction. Other business activities

include digital innovation units that provide productive services to upstream and downstream links relevant to

project success such as Digital Industry Services Digital Education and Digital Supply & Procurement. These

activities are further divided into domestic and overseas businesses based on global regions.The Digital Cost business primarily serves various participants in construction project management by

offering product solutions under a SaaS model that integrate software tools and data services. It empowers clients

to achieve refined cost management efficiently through industry AI. The Digital Cost business encompasses

Glodon’s quantity takeoff product series pricing product series and engineering data services. Each product series

keeps pace with industry developments and through the deep integration of AI technology and data assets not

only has data processing efficiency been significantly improved but a core leap from data collection to intelligent

decision-making has also been achieved.

2Glodon Company Limited

The Digital Construction business focuses on the construction phase of engineering projects providing

construction enterprises with platform-based solutions that span project management to enterprise management

through a “platform + modular components” approach. This business segment includes project-level products

targeting core production elements of construction such as material management labor management and smart

hardware; project-level products targeting key process management such as data-driven PMSmart safety

management and schedule management; as well as enterprise-level products and integrated project-enterprise

management solutions. By harnessing IoT big data and AI technologies the Digital Construction business

enhances project quality and efficiency.The Digital Design business primarily serves architectural design institutes as well as infrastructure design

institutes in municipal engineering and transportation sectors. Relying on the fully self-developed GDMP 3Dgraphics platform with independent intellectual property rights and adopting a “platform + specialized designproducts” model it provides 3D design products and services. Its business scope covers the entire project design

lifecycle including conceptual design preliminary design construction drawing design and detailed design.Major products include the AI-powered conceptual design product Concetto; digital building design digital

collaboration platform and drawing review products for the building construction sector; and digital design

products for infrastructure sectors such as roads bridges and pipelines.Other businesses mainly include Digital Industry Services Digital Education Digital Supply & Procurement

as well as businesses serving other relevant stakeholders to support project success such as Digital Energy Real

Estate & Urban Investment Smart Construction Marketplace Urban Projects and FinTech. Among these the

Digital Industry Services business is rooted in the construction engineering sector and focuses on industry

regulators service providers and other relevant stakeholders. It is committed to delivering systematic digital and

intelligent solutions through technological innovations such as BIM big data AI and 5G building an efficient

and intelligent digital ecosystem for industry governance facilitating the digital transformation of governance

services and enhancing governance capabilities. The Digital Education business centers on the development of a

talent pipeline system for the construction industry aiming to provide professional education services for industry

talent. It focuses on improving the cognitive and skill levels of key positions establishing an integrated talent

development supply chain and supplying more high-quality professionals to support the transformation

upgrading and healthy development of the construction industry. The Digital Supply & Procurement business

deeply integrates digital technologies with the building materials supply chain. Leveraging the Pingfangwang (平

方网 : A leading building materials trading and service platform in the construction industry) to connect supply

3Glodon Company Limited

and demand it provides construction enterprises with procurement services such as sourcing supplier recruitment

price comparison and inspection and matchmaking along with digital applications. For a vast number of building

materials suppliers it offers intelligent marketing solutions across four major scenarios: market insights brand

promotion product promotion and precision customer acquisition.In terms of overseas operations the Company provides end-to-end solutions covering design performance

analysis cost management and construction to global design institutes consulting firms and construction

enterprises. Key products include the MagiCAD series for the design phase the CubiCost series for the cost

management phase and the GSite series for the construction phase.(I) Overview of the Company’s performance during the Reporting Period

During the Reporting Period in the face of a complex and rapidly changing external environment the

Company maintained strong strategic focus proactively adapted to changes and continuously optimized its

product portfolio and business structure. It concentrated on core products high-potential regions and key

customers while persistently refining and enhancing product competitiveness and deepening customer

engagement. On the one hand the Company intensified efforts in core technology R&D and iterative product

upgrades focusing on customers’ key needs to refine software functionalities and user experience thereby

strengthening differentiated competitive advantages and reinforcing its technological and product barriers. On the

other hand it deepened customer operations through continuous market segmentation accurately identifying the

core needs of various customer segments and delivering solutions and high-quality services better aligned with

specific use scenarios. This approach successfully established a series of benchmark applications for key promoted

products providing solid support for long-term performance growth.In 2025 the Company achieved operating revenue of RMB 6.068 billion remaining largely stable. Net profit

attributable to shareholders of the listed company reached RMB 405 million representing a significant year-on-

year increase of 61.77% with profitability further enhanced. Net cash flow from operating activities amounted to

RMB 1.057 billion indicating sound operating quality. During the Reporting Period the Digital Cost business

maintained a solid foundation with customer renewal rates steadily improving and rapid revenue growth achieved

in certain key products. The Digital Construction business began to show initial results from its strategic focus

with both revenue and gross margin recording solid growth and operating quality continuing to improve. The

Digital Design business accelerated the promotion of key products with the number of customers adopting digital

design products the number of projects and the number of benchmark projects increasing rapidly. The

internationalization of key businesses progressed steadily driving relatively fast growth in overseas revenue.

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Meanwhile the industry-specific large model for the construction sector continued to iterate with AI applications

comprehensively deployed across scenarios such as integrated design refined cost management and refined

construction management resulting in continuous breakthroughs in product value.On the basis of deepening and solidifying product value and customer engagement the Company placed

strong emphasis on strengthening organizational and mechanism development to energize both the organization

and its talent pool. Within key breakthrough businesses the STL organizational model (characterized as a cross-

functional highly empowered and goal-oriented structure established for specific tasks) was successfully piloted

and implemented delivering positive results and supporting business breakthroughs. Internally the Company

implemented a value contribution-oriented position system focusing on two core groups—product lines and

customer segments—and rolled out as well as optimized differentiated performance incentive and talent

development programs. In talent management it iteratively upgraded leadership competency requirements and

selected and cultivated a high-quality cadre team. In addition to organizational and talent development during the

reporting period the Company also strengthened refined internal management and enhanced operational efficiency.Through process standardization and digital empowerment it further optimized end-to-end collaboration across

product R&D sales and service achieving improvements in R&D efficiency delivery efficiency and service

quality. The Company also continued to optimize resource allocation reinforced cost budgeting and control

strictly managed non-core expenditures and strengthened return-on-investment requirements. During the

Reporting Period the Company’s administrative expense ratio decreased by 2.39 percentage points while revenue

per capita and profit per capita both increased reflecting a marked improvement in operating efficiency and

overall quality.(II) Detailed Analysis of Key Business Segments

1. Digital Cost Business: Stable Operations with Continuous Growth in New Business

The Digital Cost business includes products related to project quantity takeoff project pricing engineering

data and project cost management. During the reporting period the Digital Cost business generated operating

revenue of RMB 4.779 billion representing a year-on-year decrease of 4.16%. The decline was primarily due to

an overall reduction in investment in the building construction sector which affected demand from some small-

and medium-sized clients leading to a slight drop in revenue from the Company’s cost-estimating software.However the Company’s products possess strong essential demand and high customer stickiness resulting in a

stable-to-rising overall renewal rate. Customer demand for high-quality bidding and refined cost management

drove continued rapid growth in the company’s engineering data products (such as Suggested Procurement Prices

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and Zhibiaowang (指 标 网 : A professional platform offering construction cost index information for cost

estimators)) as well as in bid-clearing software. Additionally adoption rates and penetration of major clients for

cost estimation and accounting products continued to climb steadily. Currently construction enterprises are

undergoing transformation and upgrading moving toward high-quality development. Companies are actively

adjusting their business structures and strengthening cross-regional operations which has intensified their demand

for high-quality bidding and refined cost management. This trend has played an important role in driving the

growth of the Company’s Digital Cost business. In November 2024 the Ministry of Housing and Urban-RuralDevelopment issued the Standard for Bill of Quantities Pricing of Construction Projects (referred to as the “NewBill of Quantities”) which came into effect on September 1 2025. The “New Bill of Quantities” policy aims to

promote market-oriented reform in project costing. As this policy is gradually implemented nationwide it will

accelerate the adoption of market-based cost and pricing management systems within the construction industry.Consequently client demand for market-oriented data and services is expected to continue increasing providing

favorable conditions for the promotion and growth of the Company’s Digital Cost business.Specifically in the product domain the Quantity Takeoff products released an Urban Renewal edition

achieving comprehensive support of the quantity takeoff series for urban renewal projects. Pricing products

focused on value upgrades in the water conservancy sector with the number of applications for water conservancy

pricing products growing rapidly. Bid-clearing products underwent AI-powered upgrades achieving key value

improvements such as PDF file parsing and intelligent document generation supporting the scalable growth of the

bid-clearing business. Engineering Data products focused on building capabilities to support diverse market-

oriented data requirements providing high-quality data services across the entire project investment lifecycle.Cost Estimation and Accounting products targeted large construction clients integrating estimation and

accounting functionalities to create benchmark applications enhance product adoption and penetration and help

clients improve refined cost management.

2. Digital Construction Business: Firm Transformation with Significant Improvement in Operating

Quality

The Digital Construction business includes both enterprise-level management software and project-level

management software covering project comprehensive decision-making materials management labor

management safety management intelligent tower cranes and other functionalities. During the Reporting Period

the Digital Construction business achieved operating revenue of RMB 846 million representing a year-on-year

increase of 7.58%. Gross margin rose sharply from 35.87% to 58.33% an increase of 22.46 percentage points. On

6Glodon Company Limited

the product side the construction business focused on upgrading product value across core scenarios including

materials personnel and machinery as well as safety schedule and cost management during production. On the

marketing side efforts were concentrated on key regions nationwide and priority clients strengthening the

Company’s presence in core areas and increasing penetration among major customers. Operationally product and

cost structures were continuously optimized. As a result of these efforts the construction business maintained

revenue growth achieved a substantial increase in gross margin and realized a marked improvement in overall

operating quality.Specifically products such as Intelligent Tower Cranes PMSmart (a project comprehensive decision-making

product) and Enterprise-Level Management Software achieved growth against the market trend delivering

outstanding performance. Intelligent Tower Cranes focused on collision avoidance AI “Ten No-Lift” protocols

and autonomous driving technologies continuously upgraded to support clients in refined tower crane operations.Remote-assisted driving for key products achieved breakthroughs with multiple major clients driving rapid

revenue growth. PMSmart a project comprehensive decision-making product leveraged AI-driven automated data

collection and analysis to deliver cost-saving value for clients. Benchmark construction of model channels and

sales revenue both achieved breakthrough progress bringing the product into the stage of large-scale promotion.Enterprise-Level Management Software driven by data and AI-enabled decision-making provides systematic

solutions to help clients upgrade operations and management. During the Reporting Period revenue from this

product remained stable and continued to grow.

3. Digital Design Business: Accelerated Promotion with Significant Achievements in Benchmark

Product Applications

The Company is currently focusing on promoting its new products Digital Building Design and Digital

Infrastructure Design. Revenue from the legacy design products of its subsidiary Hongye Technology has

gradually declined. During the Reporting Period the Digital Design business achieved operating revenue of RMB

71.1719 million representing a year-on-year decrease of 21.04%.

Digital Building Design is a 3D forward-design software for construction drawing design in the building

construction sector covering architectural design structural design MEP design and a BIM design collaboration

platform. Digital Building Design targets EPC general contracting projects with a focus on promoting the design

institutes affiliated with EPC contractors aiming to establish benchmark applications for integrated design and

quantity takeoff value. During the Reporting Period Digital Building Design emphasized multi-disciplinary 3D

collaborative design and integrated design-quantity takeoff value. While enhancing design quality through 3D

7Glodon Company Limited

collaborative design it enabled budget control over costs during the design process via the integrated design-

quantity takeoff functionality helping design institutes increase the value of their design outputs. During the

Reporting Period Digital Building Design obtained certification for domestic adaptation. Efficiency in multi-

disciplinary design and 2D drafting significantly improved and the integrated design-quantity takeoff capability

was further strengthened. Coverage met client needs and application scenarios continued to expand and diversify.In 2025 the number of clients and projects using Digital Building Design as well as benchmark clients and

benchmark projects increased rapidly. Significant breakthroughs were achieved with key major clients with their

coverage and penetration continuing to rise.Digital Infrastructure Design includes Digital Road Design and Digital Pipeline Design. Digital Road Design

is a BIM professional design software focused on roads bridges and tunnels covering the full process from

conceptual design to construction drawing design. It consists of three subsystems—road bridge and tunnel—

providing comprehensive solutions for road engineering design. During the Reporting Period Digital Road Design

was capable of modeling urban roads and highway expansion projects in compliance with BIM delivery standards

establishing benchmark applications at multiple provincial highway institutes. It also supported output for urban

road expansion projects achieving integrated conceptual and construction drawing design and had been applied in

several design institutes. Digital Pipeline Design is a next-generation BIM software developed for municipal

pipeline designers aimed at improving design quality and efficiency and enabling 3D forward design with output

generation. During the Reporting Period Digital Pipeline Design was adapted to urban renewal projects with

comprehensive scenario coverage meeting both BIM design and BIM delivery requirements. Core design

capabilities and efficiency were significantly enhanced effectively supporting urban renewal pipeline network

design needs and benchmark applications were completed in multiple key municipal design institutes. During the

Reporting Period Digital Infrastructure Design products were promoted at an accelerated pace with the number

of clients and projects using the products maintaining rapid growth.

4. Overseas Business: Accelerated Expansion with Rapid Revenue Growth

During the Reporting Period the Company accelerated the development of global capabilities in product

development marketing service and operational management while building a global talent management system

and steadily advancing the internationalization of its core businesses. Overseas business achieved operating

revenue of RMB 240 million representing a year-on-year increase of 18.18%.The Digital Cost business established scalable footholds in Asia. In Southeast Asia by aligning with regional

business market and organizational characteristics the Company expanded its core client base with penetration

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among major contractors small- and medium-sized consulting firms and small- and medium-sized contractors all

continuing to increase. In the Middle East market entry validation was successfully completed. In the European

market the Digital Design business focused on promoting MEP design products. Revenue from the MagiCAD

product continued to grow steadily while expansion efforts increased toward European markets beyond the

Nordic region. Development of the new product MCINNOVA MEP built on Glodon’s proprietary underlying

platform progressed smoothly and has entered the pilot stage with benchmark clients to validate product value

and business model. In the Digital Construction business the GSite product secured client contracts and

implementation in the United Kingdom completing value validation with small construction clients and

establishing multiple benchmark applications demonstrating its value. In 2025 the Company established deep

connections in Hong Kong with industry regulators key enterprises and leading universities building a brand

image as an enabler of digital and intelligent transformation in the international construction sector and providing

internationalized digital solutions for industry stakeholders. Revenue from cost-related business in Hong Kong

maintained healthy growth with client coverage and penetration steadily increasing and multiple client

applications and scalable benchmarks established. Digital Building Design and construction business products

have also completed multiple pilot projects in Hong Kong validating product value and business models.

5. Comprehensive AI Deployment: Continuous Breakthroughs in Product Value

During the Reporting Period the Company developed AI products centered on three high-value scenarios:

integrated design refined cost management and refined construction management. In the integrated design

scenario the conceptual design product Concetto focused on the early planning and conceptual design stages of

construction projects using AI to reconstruct the conceptual design workflow. The Company’s Digital Design

products further enhanced designers’ operational efficiency and user experience through AI-assisted functionality.In the refined cost management scenario AI combined with data drives detailed cost management across the entire

project lifecycle with key applications including AI Quantity Takeoff AI Pricing AI Bid Evaluation and AI Bid-

Clearing continuously enhancing product capabilities. During the Reporting Period AI Industrial Installation

Quantity Takeoff enabled multi-drawing one-click quantity generation achieving accuracy that meets practical

requirements; AI Highway Quantity Takeoff extended AI quantity takeoff capabilities to bridges and tunnels

significantly improving efficiency through one-click drawing replication; AI Intelligent Pricing substantially

improved the accuracy of AI-based standard quota application for bill items; AI Bid Evaluation now covers civil

installation municipal transportation and water conservancy disciplines with full-process precision continuously

improving; AI Bid-Clearing added AI Q&A AI review & correction and AI drafting functionalities significantly

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increasing AI penetration in bid-clearing workflows. In the refined construction management scenario the

Company focused on developing AI-assisted project decision analysis and AI-driven production safety products.During the reporting period AI-Assisted Decision-Making centered on the project comprehensive decision-

making product PMSmart. Leveraging AI capabilities in data collection governance integration and analytical

decision-making it supports project managers in operational analysis and management decisions. AI Safety

captures construction site images through multi-terminal cameras and analyzes on-site visuals using computer

vision (CV) multi-modal large models to identify safety hazards thereby supporting informed decision-making in

safety management.(III) Prospects for the Company’s Future Development

2026 marks the inaugural year of Glodon’s “13th Strategic Plan”. During this period the Company will

continue to deepen its focus on digital and intelligent transformation in the construction industry. By

systematically deconstructing the industry and concentrating on the “Digital Cost Business” as a core anchor

Glodon aims to leverage its key product advantages to help clients achieve refined project management realizing

both cost savings and operational ease. This in turn will drive a business flywheel enabling systematic

refinement across operations precision in the supply chain and ultimately the development of an industrialized AI

platform for construction positioning Glodon as a global leader in digital construction platforms.During the “13th Strategic Plan” period the Company will fully leverage the collaborative advantages across

design cost and construction integrating relevant core products based on this synergy. The Company’s value

proposition will be comprehensively upgraded in three dimensions: (1) Systematicness: By integrating design with

cost cost with construction and design with construction the Company aims to maximize value delivery across

the entire project lifecycle helping clients save money and reduce operational complexity. (2) Platform orientation:

Through in-depth analysis of business fundamentals the Company will build a business twin platform to support

comprehensive technical and managerial decision-making open platform capabilities and develop a diverse

ecosystem of partners. (3) AI empowerment: The Company will establish AI capabilities spanning language

imagery and modeling empowering all products and ecosystem partners through Data+AI and creating new

product paradigms.In 2026 the Company aims to build on a solid foundation of existing businesses while actively expanding

incremental business opportunities striving for further growth in operating revenue and net profit. In terms of

industry expansion the Company will extend its reach from the building construction sector into infrastructure

construction urban renewal and related areas with key breakthroughs targeted in industries such as new energy

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water conservancy power and petrochemicals as well as in sectors including building renovation road

reconstruction and underground pipeline upgrading. In terms of customer expansion efforts will extend from

large clients and major projects to small- and medium-sized clients and projects leveraging lightweight products

and precision marketing strategies to accelerate adoption. In terms of demand expansion the Company will

expand from cost solutions during the bidding and tendering stage to refined cost management solutions

throughout construction and settlement processes. In terms of product expansion development will progress from

efficiency-enhancing tools to integrated AI-enabled tools and data solutions using AI-driven innovations tocreate new product models and open new market opportunities. In terms of policy expansion leveraging the “NewBill of Quantities” to promote market-oriented reform in project costing the Company will accelerate penetration

of related market-oriented data services. In terms of geographic expansion resources will be increased beyond the

domestic market into Southeast Asia and Europe to accelerate international growth. The specific breakdown by

business segment is as follows:

1. Digital Cost Business: The Company’s Digital Cost business focuses on client needs for end-to-end cost

management from bidding and tendering through construction. It has built a comprehensive product matrix

providing clients with integrated solutions covering tools data auditing and cost compilation. As a long-

established cost expert in the construction industry the Digital Cost business enjoys strong customer stickiness

forming a high-barrier moat. In 2026 the core strategic goal for the Digital Cost business is to achieve excellencein refined cost management. Centered on the full lifecycle of cost-related operations and driven by an “AI +Integration” engine the Company aims to upgrade the value of its platform products consolidate the existing

foundation and strengthen new growth. The Digital Cost business will fully leverage the opportunities arising

from the nationwide implementation of the “New Bill of Quantities” policy to expand the market share of cost-

estimating software. By empowering products with AI and high-quality data the Company will accelerate the

large-scale deployment of engineering data bid-clearing and cost estimation and accounting products. In the

domestic incremental market the Digital Cost business will focus on infrastructure industrial construction urban

renewal and numerous small- and medium-sized projects and clients. Marketing efforts will be intensified and

AI-enabled solutions will provide clients with more tailored products and diversified business models to accelerate

expansion into new markets. For international market development the Company plans to launch global versions

of its quantity takeoff and pricing software in 2026 with a focus on Southeast Asia. By investing additional

resources and delivering higher-quality products and services the Company aims to drive rapid growth in overseas

cost-estimating markets.

11Glodon Company Limited

2. Digital Construction Business: The Company’s Digital Construction business integrates core

technologies such as BIM IoT AI and big data focusing on a series of critical on-site scenarios including

materials labor schedule machinery safety and cost management. It provides comprehensive digital and

intelligent management solutions spanning project-level to enterprise-level operations meeting clients’ needs for

integrated decision-making and refined management during construction. In 2026 the core strategic objective for

the Digital Construction business is to achieve excellence in refined construction management. Centered on the

value proposition of “No Savings No Payment” the business will focus on PMLead and PMSmart as the two core

products targeting high-value application scenarios enabled by DATA+AI. This represents a key strategic battle

to realize the value of the construction business and achieve high-quality growth. Enterprise management products

are empowered by data and AI focusing on the operational analysis needs of enterprise decision-makers. The

Company selects high-quality building and infrastructure clients to support their operational and management

upgrades. Project management products emphasize data-driven platform-oriented solutions systematically

addressing the complex requirements of comprehensive project management. The PMSmart comprehensive

decision-making product serves as the project decision platform integrating various project data (including

quantity takeoff schedule materials and labor) and leveraging AI capabilities in data collection and analysis to

assist project managers in operational analysis and management decisions. Materials management products drive

growth through new-value scenarios such as mobile supply-demand management self-service material check-

in/out and unattended material acceptance. Labor management continues to innovate through non-closed

attendance tracking and wage management and on the basis of early pilots expands the transition to annual

subscription models. Safety management products focus on critical production safety scenarios at project sitesusing data algorithms and AI to monitor on-site safety issues in real time with the goal of achieving “zero majorsafety accidents” and maximizing product value. Intelligent hardware products primarily target tower crane safety

and remote operation solutions aiming to become the industry leader in remote tower crane operation.

3. Digital Design Business: The Company’s Digital Design business built on a proprietary graphics engine

serves building construction road-bridge-tunnel and pipeline projects providing professional 3D BIM design

software. The main product categories are Digital Building Design and Digital Infrastructure Design. In 2026 the

core strategic objective for the Digital Design business is to achieve integrated design excellence. Using

benchmark breakthroughs as the key approach the Company aims to realize a value leap from standalone tools to

a platform and from isolated functions to integrated solutions securing decisive victories in design. The Company

will focus on targeted market segments and key clients in 2026 continuously iterating product capabilities

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establishing benchmark applications to showcase product value and accelerating large-scale adoption. Digital

Building Design will prioritize design institutes affiliated with EPC general contractors advancing the large-scale

establishment of integrated design-cost benchmarks. The demonstration effect generated by these benchmark

applications will promote the adoption and widespread use of forward 3D BIM design across the industry. Digital

Road Design and Digital Pipeline Design have entered a stage of scalable growth. Targeting key municipal design

institutes and major urban municipal clients the Company will seize opportunities in new construction and

renovation of roads and pipelines accelerate improvements in product coverage and penetration sustain revenue

growth and further enhance profitability.

4. International Business Development: In 2026 the Company will treat internationalization as a key

strategic priority accelerating the globalization of its three core businesses—design cost and construction. By

increasing overseas resource investment speeding up product iteration and upgrades and consolidating and

expanding overseas footholds the Company aims to fully advance global deployment and localized operations

accelerate scalable growth in international business and continuously enhance its core competitiveness and market

influence in the global digital construction sector. In 2026 the Digital Cost business will expand rapidly in

Southeast Asia. Global versions of quantity takeoff and pricing products will be launched accompanied by further

investment in channel resources to drive rapid growth in overseas cost-estimating business. The Digital Design

business will focus on the European market targeting the full lifecycle of MEP design. While maintaining steady

growth in stronghold regions such as the Nordic countries the Company will intensify resource allocation and

market development to rapidly expand into the United Kingdom Italy Germany and other markets achieving

rapid growth in the European MEP design sector. The Construction business will focus on promoting project

management products in Asia and Europe. In Asia efforts will target medium- to large-sized construction

enterprises while in the UK the focus will be on small- and medium-sized construction clients establishing

influential benchmark applications. Hong Kong will serve as a showcase region for the Company’s core products’

globalization and large-scale deployment. Targeting large design institutes major owners and contractors leading

consulting firms and government entities the Company will integrate client needs refine and validate new

internationalized cost construction and design products and establish high-impact benchmark projects to

leverage incremental business growth both domestically and internationally.

3. Major Accounting Data and Financial Indicators

(1) Major accounting data and financial indicators for the previous three years

Whether the Company needs to retroactively adjust or restate previous years’ accounting data

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□ Yes□ No

Unit: RMB

Increase or decrease

at the end of the

End of 2025 End of 2024 current year compared End of 2023

with the end of last

year

Total assets 10168161658.60 10231495208.25 -0.62% 10675950410.05

Net asset attributable to

shareholders of the listed 6048181425.70 5959199717.88 1.49% 5882546802.94

company

Increase or decrease

in the current year

202520242023

compared with last

year

Operating revenue 6068493454.08 6202873989.82 -2.17% 6524575067.70

Net profit attributable to

shareholders of the listed 405114040.23 250424298.94 61.77% 115837537.09

company

Net profit attributable to

shareholders of the listed

347698837.67174127630.4199.68%54428701.01

company after deduction of non-

recurring profit and loss

Net cash flows from operating

1057002591.121193718777.07-11.45%636957826.53

activities

Basic earnings per share

0.24670.151363.05%0.0702

(RMB/share)

Diluted earnings per share

0.24610.151362.66%0.0700

(RMB/share)

Increased by 2.58

ROE 6.80% 4.22% 1.89%

percentage points

(2) Quarterly major accounting data

Unit: RMB

Q1 Q2 Q3 Q4

Operating revenue 1218942898.74 1564841734.72 1485987632.07 1798721188.55

Net profit attributable to shareholders

29836965.24207346798.9173951886.6493978389.44

of the listed company

Net profit attributable to shareholders

of the listed company after deduction of 19009934.76 194636468.04 61830176.68 72222258.19

non-recurring profit and loss

Net cash flows from operating activities -685688728.77 132132809.00 418156025.24 1192402485.65

Are there any significant differences between the above financial indicators or their totals and the relevant

financial indicators disclosed by the Company in quarterly reports and semi-annual reports

□ Yes□ No

14Glodon Company Limited

4. Share Capital and Shareholders

(1) Table of number of ordinary shareholders and preferred shareholders with restored voting rights and

the shareholdings of top 10 shareholders

Unit: Share

Total

Total number of number of

ordinary preferred

Total number Total number of preferred

shareholders at shareholders

of ordinary shareholders with restored

the end of the with

shareholders voting rights at the end of

103177 month 95180 restored 0 0

at the end of the month before

immediately voting rights

the reporting disclosure date of annual

before at the end of

period report

disclosure date the

of annual report Reporting

Period

Shareholding of top-10 shareholders (Excluding shares lent through refinancing)

Pledging marking or

Number of shares

Shareholder Nature of Shareholding freezing

Number of shares held held with selling

name shareholders ratio

restrictions Share Quantity

status

Domestic

Diao

natural 15.44% 255090810 0 Pledged 51650000

Zhizhong

persons

Hong Kong

Securities Overseas Not

6.53%10785555100

Clearing legal person applicable

Company Ltd.Domestic

Chen Not

natural 4.74% 78358000 0 0

Xiaohong applicable

persons

Domestic

Not

Wang Jinhong natural 4.32% 71433043 71433043 0

applicable

persons

National

Social

Not

Security Fund Others 2.42% 39998133 0 0

applicable

102

Combination

Domestic

Not

An Jinghe natural 1.93% 31822118 0 0

applicable

persons

Domestic

Wang Not

natural 1.69% 28000000 0 0

Xiaofang applicable

persons

Agricultural

Bank of China

Limited -

China

Not

Securities 500 Others 1.47% 24317740 0 0

applicable

Exchange-

Traded Open-

ended Index

Securities

15Glodon Company Limited

Investment

Fund

Domestic

Not

Tu Jianhua natural 1.01% 16637481 0 0

applicable

persons

Ping An Bank

Co. Ltd. -

Bosera

Growth-

oriented

Not

Flexible Others 1.00% 16585125 0 0

applicable

Allocation

Hybrid

Securities

Investment

Fund

There is no connection among the above natural person shareholders nor are they persons acting

Explanation of the above

in concert as regulated in the Measures for the Administration of the Takeover of Listed

shareholders’ related

Companies. The Company is also not aware of any connection among other shareholders or

relationships or concerted

whether they are acting in concert as regulated in the Measures for the Administration of the

actions

Takeover of Listed Companies.Description of shareholders

participating in margin

Not applicable

trading and securities lending

business (if any)

Shareholders Holding More Than 5% Top 10 Shareholders and Top 10 Unrestricted Shareholders Participating in

Securities Lending Business

□ Applicable□ Not applicable

Changes in Top 10 Shareholders and Top 10 Unrestricted Shareholders Due to Securities Lending/Return

Compared to the Previous Period

□ Applicable□ Not applicable

(2) Table of number of preferred shareholders and the shareholding of top 10 preferred shareholders

□ Applicable□ Not applicable

During the Reporting Period there is no information about the shareholding of preferred shareholders of the

Company.

(3) Chart of equity and controlling relationship between the Company and the acting controller

16Glodon Company Limited

5. Information of Bonds Outstanding on the Date of Annual Report Issuance Approval

□ Applicable□ Not applicable

III. Important Matters

For details please refer to Section 5 “Important Matters” of the Annual Report 2025 published by

www.cninfo.com.cn.Glodon Company Limited

Chairman: Yuan Zhenggang

March 20 2026

17