方大B:2025年年度报告摘要（英文版）

China Fangda Group Co. Ltd. Annual Report 2025 Summary

Stock Code: 000055 200055 Stock ID: Fangda Group Fangda B Announcement No. 2026-04

China Fangda Group Co. Ltd.Annual Report 2025 Summary

I. Important Declaration

The annual report summary is abstract from the annual report. Investors should read the annual report from the specified media to

fully understand the Company's business achievements financial status and future plans.All the Directors have attended the meeting of the board meeting at which this report was examined.Non-standard auditing opinion

□ Applicable□ Inapplicable

Profit distribution per-plan or capitalization plan in the period reviewed by the Board of Directors

□ Applicable □ Inapplicable

Capitalization plan

□ Yes□ No

The 2025 profit distribution proposal approved by the Company's Board of Directors at this meeting is as follows: no cash

dividends will be distributed no bonus shares will be issued and no capitalization of reserves (including capital reserve or other

reserves) will be made to increase share capital.The preference share profit distribution per-plan approved by the Board of Directors

□ Applicable ? Inapplicable

II. General Information

1. Company Profile

Fangda Group

Stock ID Stock code 000055 200055

Fangda B

Stock Exchange Shenzhen Stock Exchange

Modified stock ID (if any) None

Representative of Stock

Contact Details Secretary of the Board

Affairs

Name Ye Zhiqing Guo Lingchen

39th Floor Building T1 39th Floor Building T1

Office address Fangda Town No.2 Fangda Town No.2

Longzhu 4th Road Longzhu 4th Road

1China Fangda Group Co. Ltd. Annual Report 2025 Summary

Nanshan District Nanshan District

Shenzhen Shenzhen

Fax 86(755)26788353 86(755)26788353

86(755) 26788571 ext. 86(755) 26788571 ext.

Telephone

66226622

Email zqb@fangda.com zqb@fangda.com

2. Business or products in the report period

China Fangda Group Co. Ltd. was founded in Shenzhen in 1991 with businesses spanning intelligent platform screen door

systems for rail transit high-end smart curtain wall systems and materials new energy and commercial services. In terms of core

business competitiveness the Company's intelligent platform screen door systems for rail transit and smart curtain wall systems are

both industry-leading. Notably its urban rail transit platform screen door system has been awarded the title of "Manufacturing

Single-Product Champion" by China's Ministry of Industry and Information Technology. The Company owns seven national high-

tech enterprises six "Specialized Sophisticated Distinctive and Innovative" (SSDI) enterprises two "National Intellectual Property

Advantage Enterprises" one "National Quality Leader Enterprise" and two provincial-level engineering technology research centers.During the reporting period the Company closely followed its annual theme of "Digital Intelligence Empowerment and

Scientific Management" achieving notable progress in innovation-driven development overseas market expansion and operational

risk control. Adhering to an innovation-driven strategy the Company actively promotes deep integration of artificial intelligence (AI)

technologies across all business segments embeds risk management throughout the entire production and operation process and

rigorously manages operating cash flow to effectively safeguard operational security. While solidifying its competitive edge in the

domestic market the Company has expanded its global footprint through high-quality products and superior services demonstrating

strong resilience and growth potential across all business segments. For the full year the Company reported operating revenue of

RMB3377303100 net operating cash flow of RMB187412900 newly signed overseas orders accounting for 27.06% of total new

orders and an end-of-period order backlog of RMB6610286300 including RMB2536530100 in overseas orders an increase of

12.31% year-on-year. China Fangda Group Co. Ltd. maintained a solid operational stance amid a complex environment through

robust cash flow management and a continuously optimized order portfolio laying a strong foundation for transformation upgrading

and sustainable development.(I) Intelligent Platform Screen Door Systems for Rail Transit

1. Empowered by Artificial Intelligence (AI) Technology Pioneering a New Growth Frontier in the Industry

The Company adheres to an innovation-driven strategy to cultivate new-quality productive forces. During the reporting period

the Company became the first in the industry to enter the "uncharted territory" of intelligent safety protection systems for high-speed

rail platforms. Leveraging artificial intelligence (AI) technology it successfully developed the world's first fully sliding door system

for high-speed rail platforms achieving a major breakthrough in a critical domain. The system commenced successful operation at

Shenzhen Futian High-Speed Railway Station in October 2025. This milestone not only opened a completely new business frontier

for the Company but also established a powerful engine for its high-quality growth. This system integrates AI-powered multimodal

fusion technology delivering three world-first achievements: the first platform screen door system compatible with all train models;

the first capable of deployment along varying platform edge configurations for adjacent high-speed rail tracks; and the first to obtain

CRCC certification for high-speed rail platform doors. By harnessing AI technology and leveraging its end-to-end in-house

capabilities—from independent R&D and manufacturing to service delivery—the Company effectively addresses long-standing

industry challenges related to compatibility and precise alignment of existing high-speed rail platform doors. It provides customers

with smarter more efficient energy-saving environmentally friendly and safer rail transit equipment along with comprehensive

lifecycle system solutions.The Company's independently developed CBMS intelligent operation and maintenance system (including both web and mobile

applications) has been fully deployed in MTR Corporation's Project 1254 in Hong Kong and is stably operating in a public cloud

2China Fangda Group Co. Ltd. Annual Report 2025 Summary

environment receiving positive feedback on both system reliability and user experience. Through AI-driven technological innovation

the Company has reached a new height in its innovation capability and is now leading the global race in this sector.Focusing on critical reliability bottlenecks during product operation the Company successfully overcame multiple core

technical challenges in the industry including voltage drop in safety circuits connector durability and switch contact stability.Through in-depth analysis and validation of representative issues the Company has developed reusable standardized technical

solutions and systematically integrated them into the R&D and manufacturing processes of new projects—marking a strategic leap

from "solving individual cases" to "building a systematic framework." This advancement has significantly enhanced product

reliability and operational stability further strengthening the Company's technological moat in the field of intelligent platform screen

doors for rail transit and providing a solid foundation to consistently meet the demanding requirements of high-safety high-

availability application scenarios.In the field of retrofitting existing rail transit platform screen door systems and safety control the Company has successfully

developed rapid iteration and integration solutions for legacy systems from other manufacturers on older lines. The development of a

SIL4-certified platform screen door control system has achieved a breakthrough laying a solid technical foundation for retrofitting

both domestic and international rail transit lines.The Company has been deeply involved in the formulation of national and industry standards. It served as the lead editor for the

first national standard in the urban rail transit platform screen door sector—"Platform Screen Door Systems for Urban Rail Transit"

(GB/T 46749-2025)—and the first industry standard—"Platform Screen Doors for Urban Rail Transit" (CJ/T 236-2022). It also

participated in drafting "Technical Specification for Platform Screen Door Systems of Urban Rail Transit" "Technical Guidelines for

Smart Station Construction in Rail Transit" "Technical Specification for Intelligent Foreign Object Detection Systems Between

Platform Screen Doors and Train Doors in Urban Rail Transit" "Acceptance Specification for Fully Automated Operation Systems

in Urban Rail Transit" and "Technical Specification for Platform Door Systems of High-Speed Railways." Through these

standardization efforts the Company has further consolidated its leading position in the industry promoted standardized and

regulated development of the rail transit platform screen door sector and provided Chinese technical standards to support technology

adaptation for projects along the "Belt and Road" routes.The Company adheres to sustained investment in R&D and innovation. As of now the Company holds 315 patents (including

70 invention patents) for its intelligent urban rail transit platform screen door systems in China and overseas 22 international PCT

patents and 15 software copyrights forming a core technology cluster and a comprehensive intellectual property system with full

independent ownership.

2. Deepening Overseas Market Penetration and Achieving Dual Improvement in Scale and Quality of Global Layout

For many years the Company has continuously expanded into overseas rail transit markets establishing a market development

pattern that fosters mutual reinforcement between domestic and international dual circulation. During the reporting period the

Company achieved historic breakthroughs in both order acquisition and project execution across domestic and overseas markets. In

the domestic market the Company focused on core urban agglomerations—including the Guangdong-Hong Kong-Macao Greater

Bay Area the Yangtze River Delta and the Beijing-Tianjin-Hebei region—as well as key cities in central and western China

actively supporting the networked development of urban rail transit systems. It successfully delivered seven major domestic projects

to high standards including Dongguan Metro Line 1 and Shenzhen Metro Line 16 Phase II. Internationally it completed the

landmark Mumbai Metro Line 3 project in India achieving commercial operation for a total of eight projects worldwide—four

domestically and four overseas. Among these the opening of Dongguan Metro Line 1 propelled the Greater Bay Area into a new era

of grid-based rail transit operations; Shenzhen Metro Line 8 Phase III realized "subway connectivity in every district" across

Shenzhen; and the newly opened section of Nanning Metro Line 4 marked the first-ever metro service in Yongning District.Meanwhile Mumbai Metro Line 3—the first fully underground metro line in India—has fundamentally transformed local

public transportation patterns demonstrating the Company's strong capability in high-quality project delivery. In terms of market

expansion in 2025 the Company successfully won bids for key domestic projects such as Shenzhen Metro Line 13 Phase II and

Shijiazhuang Metro Line 4 Phase I as well as the Almaty Metro Line 1 project in Kazakhstan. Its order backlog reached

RMB2301044700 with newly signed overseas orders accounting for 46.46% of total orders in this business segment. The

3China Fangda Group Co. Ltd. Annual Report 2025 Summary

Company has further deepened its presence in Southeast Asia Central Asia and South Asia while also expanding its reach into

emerging markets in Europe and South America writing a new chapter in its global market development. By closely aligning with

the development status of overseas rail transit markets the Company provides customized technical solutions and product services

establishing itself as a leading benchmark for the internationalization of China's rail transit equipment technology.

3. Enhancing Integrated Technical Service Capabilities and Continuously Refining Full-Chain Industrial Layout

The Company is accelerating its transformation from a rail transit platform screen door system equipment manufacturer to a

full-industry-chain service provider integrating "equipment manufacturing + integrated technical services." During the reporting

period the Company secured overseas projects including long-term maintenance and servicing contracts for platform screen door

systems in Hong Kong. Notably the 30-year long-term maintenance contract for half-height safety doors on Singapore's Jurong

Region Line and the 6-year maintenance contract for Hong Kong's East Rail Line mark significant breakthroughs in the Company's

after-sales service capabilities in the rail transit platform screen door sector ushering in a new chapter for integrated technical service

offerings in the industry.In the area of technical retrofits for rail transit platform screen door systems the Company has consistently remained at the

forefront of the industry. In 2025 leveraging its proprietary "plug-and-play" technology the Company won the contract to install

half-height doors on Hong Kong's East Rail Line and completed the project six months ahead of schedule earning the "Outstanding

Collaboration Award" from MTR Corporation Limited. This project has become a benchmark case exemplifying the integration of

advanced technology and high-quality service in the industry.The Company has established a full-industry-chain service system covering "R&D – manufacturing – installation –

maintenance" successfully upgrading its business model from product-only delivery to dual output of "products + services"

providing strong support for global market expansion. In terms of industrial layout the Company closely aligns with overseas market

demands and has further optimized its global operations and maintenance center network by establishing a maintenance center in

Hong Kong significantly enhancing service efficiency for international clients. Domestically the Wuhan production base

commenced smooth operations during the reporting period.For the reporting period the Company's rail transit platform screen door business generated revenue of RMB596770500 of

which integrated technical service revenue amounted to RMB87850600 accounting for 14.72%. Newly signed orders for integrated

technical services increased by 32.32% compared to the same period of the prior year.

4. Deepening International Cooperation and Strengthening the Industrial Ecosystem in Overseas Markets

Using technical exchange as a bridge and win-win collaboration as the core principle the Company has continuously deepened

industry engagement and international cooperation both domestically and overseas. In 2025 it conducted more than 20 external

technical exchanges with internationally renowned enterprises and institutions—including Alstom headquarters (France) Land

Transport Authority (LTA) headquarters (Singapore) and Egypt's National Authority for Tunnels—as well as leading domestic

entities such as Shanghai Shentong Metro and Guangzhou Metro—significantly enhancing its global brand influence and industry

recognition. In its international collaborations the Company has actively integrated into the industrial ecosystem of the Belt and

Road Initiative. It signed a Memorandum of Understanding (MoU) on "Localization of Platform Screen Door Systems" with Egypt's

National Authority for Tunnels promoting localized deployment and application of platform screen door technology in the region.Additionally the Company jointly established the "Rail Transit Construction and Development Laboratory" with Ho Chi Minh City

University of Transport. This laboratory serves as a showcase for China's rail transit technology exports supporting local talent

development while achieving deep integration of technology and industry thereby injecting Chinese expertise into the advancement

of overseas rail transit markets.(II) Intelligent Curtain Wall Systems and New Materials

1. Focusing on a High-End Premium Strategy and Building Brand Foundation through Benchmark Projects

The Company adheres to an innovation-driven approach to develop new-quality productive forces focusing on a high-end

premium strategy and countering the industry's "involutionary" competition by delivering high-quality products and superior services

to clients. It precisely targets the high-end curtain wall markets both domestically and internationally deepens engagement with

premium client groups and key regions and secures major benchmark projects providing clients with end-to-end one-stop integrated

4China Fangda Group Co. Ltd. Annual Report 2025 Summary

curtain wall solutions. This consistent delivery of high-quality projects reinforces its core competitive advantage. During the

reporting period the Company won bids for a series of high-quality benchmark projects including the Medical School of The

Chinese University of Hong Kong Shenzhen; Phase I (Emergency Comprehensive Building) of the Shenzhen People's Hospital

Expansion and Reconstruction Project; Shenzhen Guoxing Core Tower; Zhuhai Yibos' R&D Operations and Intelligent

Manufacturing Headquarters; JD Group Shanghai Headquarters T1; and the podium building of China Merchants Shekou Tower in

Shenzhen—further demonstrating its strong competitiveness in the high-end market. In 2025 the Company's intelligent curtain wall

and new materials business generated revenue of RMB2569944700 with an order backlog at year-end amounting to

RMB4309241600 which is 1.68 times the segment's 2025 revenue. The robust order pipeline provides solid support for sustained

and stable business growth.Through exceptional engineering quality and professional service the Company has earned widespread recognition and high

praise from clients. During the reporting period the curtain wall projects for Shenzhen China Electronics Tower and Qianhai

Information Hub Tower in Shenzhen received the "Excellent" rating in the Guangdong Provincial Evaluation of Building Decoration

Engineering Quality. Qianhai Financial Holdings Tower in Shenzhen was recognized among the "Top 10 Innovative Projects" in the

curtain wall industry. Projects including Tencent Digital Building ByteDance Houhai Center and Kingdee Cloud Tower in

Shenzhen were designated as "Shenzhen Standard" Demonstration Projects. Additionally Shenzhen Bay Cultural Plaza The Seventh

Affiliated Hospital of Sun Yat-sen University (Shenzhen) Futian Greater Bay Smart Plaza China Merchants Shekou Tower OPPO

Binhai Bay Intelligent Manufacturing Industrial Park and Ant Group Global Headquarters Phase II all received high commendations

from their respective clients. The successful high-quality delivery of these benchmark projects and the strong market recognition

they have garnered fully reflect the Company's technical excellence and brand influence in the curtain wall engineering sector laying

a solid reputation foundation for continued high-quality business development.

2. Deepening the Globalization Strategy and Building New Growth Engines Overseas

Faced with dual pressures from slowing global economic growth and intensifying competition in China's domestic curtain wall

market the Company has firmly advanced its international transformation strategy. Through a globally diversified layout it

effectively hedges against risks associated with reliance on a single market. In 2025 overseas business achieved simultaneous growth

in both volume and quality with newly signed overseas orders increasing by 48.67% year-on-year. Breakthrough progress was made

in key regions—including Australia the Middle East South Asia and South America—establishing them as critical drivers for the

Company's high-quality industrial development.Australia as a core strategic market continues to be deeply cultivated resulting in a mature operational framework centered on

"two hubs—Melbourne and Sydney—with multi-point radiating coverage." The Company has established long-term strategic

partnerships with leading local contractors and top-tier distributors and has successfully passed CodeMark certification audits further

solidifying its brand position in the region. During the reporting period the Company secured key projects in Sydney and Brisbane

fully implementing localized operations by establishing local project management and design teams. This approach enables efficient

alignment with local technical standards and market regulations significantly enhancing project execution efficiency and service

quality.Emerging markets in the Middle East South Asia and South America have seen accelerated breakthroughs across multiple

fronts. In the Middle East the Company achieved the "Fangda Speed"—establishing a local team securing projects and

commencing implementation all within the same year. It forged deep collaborations with renowned Dubai-based contractors and

leading developers winning the curtain wall contract for the landmark One River Point project in Dubai and signing an aluminum

panel order for the wind-responsive fa?ade project with DP World (Dubai Ports World). In South Asia Bangladesh serves as the

focal point with the Company successively winning bids for multiple premium curtain wall projects including Forum Tower

Pinnacle and Mirai of Nirman. In South America the Company successfully delivered the curtain wall project for Bogotá Metro

Station in Colombia where its ultra-large terracotta panel unitized curtain wall technology received high praise from the client.Leveraging superior product quality comprehensive service capabilities rapid adaptability to local regulatory requirements and

customized design expertise the Company precisely meets the differentiated demands of high-end projects earning strong

recognition from clients and laying a solid foundation for further expansion into emerging markets.

5China Fangda Group Co. Ltd. Annual Report 2025 Summary

Looking ahead the Company will continue to deepen its presence in overseas markets prioritize breakthroughs in the high-end

Middle Eastern market steadily expand its business footprint in Southeast Asia and South America and continuously increase the

share of overseas revenue. This strategic focus aims to drive leapfrog growth in international operations and establish China Fangda

Group Co. Ltd. as a global leader in intelligent curtain wall systems.

3. Empowering Technological Innovation with Artificial Intelligence (AI) to Strengthen Core Industrial Advantages

The Company consistently regards intelligent manufacturing and artificial intelligence (AI) technologies as the core engines of

industrial upgrading integrating technological innovation across key areas including green energy efficiency prefabricated

construction new material applications and complex curtain wall systems. This approach has enabled the Company to establish end-

to-end breakthrough capabilities spanning R&D product iteration and engineering implementation.* Deep AI Integration Across the Entire Industrial Chain

The Company has comprehensively advanced its digital and intelligent manufacturing strategy. Its nine self-developed

information management systems—including the OA office system PMS project management system and MES production

management system—enable seamless information exchange and resource sharing across daily operations and the entire curtain wall

lifecycle.In engineering practice the Company has deeply integrated full-process BIM application 3D scanning and reverse modeling to

enhance the practical application of digital twin technology. By combining a BIM parametric design platform with AI intelligent

algorithms it has developed an integrated solution for intelligent curtain wall construction drawing design and precise material

cutting. Additionally leveraging lightweight component models and QR code traceability technology the Company has established a

comprehensive digital curtain wall construction system that achieves end-to-end data connectivity across design fabrication and

construction. This system has been successfully applied to multiple landmark projects featuring supertall structures and complex

geometries including Shenzhen Bay Cultural Plaza and Futian Smart Plaza.In production the Company partnered with Huawei Cloud to upgrade its manufacturing base's MES system integrating core

modules such as production planning and execution control. By fusing AI intelligent algorithms it built an automated aluminum

panel unfolding model linked with the MES system establishing a digital control center for the entire aluminum panel processing

workflow. This has realized digital process upgrades and refined closed-loop management of the fabrication process. Furthermore

the Company has embedded AI technology into core processes like production scheduling and quality inspection. By combining deep

learning algorithms with high-precision visual recognition it is actively exploring scenario-based applications for aluminum panel

surface quality inspection effectively overcoming the limitations of manual inspection and significantly enhancing production

efficiency and quality control.In the field of intelligent operation and maintenance the Company has initiated technical collaborations with multiple drone and

robotics companies achieving successful commercial application at the Shenzhen Greater Bay Area Fashion Headquarters Center

project.Moreover the Company has independently developed and launched several professional curtain wall AI agents covering diverse

office scenarios such as intelligent image processing copywriting assistance engineering document retrieval and full-cycle design

management. These AI agents empower end-to-end efficiency gains comprehensively driving the digital and intelligent

transformation of curtain wall engineering design and construction methodologies.* Accelerating the Market Transformation of Innovation Achievements

The Company actively responds to national policies on energy conservation and carbon reduction focusing on key areas such as

green energy efficiency prefabricated construction high-performance new materials and premium curtain wall systems. Leveraging

the platform advantages of the Guangdong Provincial Prefabricated Building Curtain Wall Engineering Technology Research Center

it continuously intensifies technological R&D and product innovation significantly accelerating the commercialization of scientific

and technological achievements and breakthroughs in core technologies to precisely meet the diversified high-quality application

requirements of global clients.In product innovation the Company prioritizes the development of next-generation curtain wall systems including the novel

shading and energy-saving glass light-well curtain wall system AI-intelligent weather-responsive motorized casement window

6China Fangda Group Co. Ltd. Annual Report 2025 Summary

system and ultra-high-weatherability titanium honeycomb panel system. Among these the AI-intelligent weather-responsive

motorized casement window system—integrating AI algorithms and smart sensing technology—has been successfully implemented

at the Shenzhen Bay Coastal Business Center project further expanding the application boundaries of intelligent curtain wall

technology. The Company's self-developed product series—including Fangda System Louvers Fangda Channel Embedments and

Fangda System Windows—have been widely applied in landmark buildings such as Guangzhou Xiangjiang No.1 and Shenzhen

Medical Academy empowering premium architectural quality through technological innovation.Relying on China's first intelligent fully automated aluminum panel production line built independently by the Company a

major breakthrough in "Made in China" for intelligent aluminum panel manufacturing has been achieved. New products including

ultra-high-precision prefabricated double-curved aluminum panels and high-performance ultra-weather-resistant copper-finish

brushed aluminum panels have entered large-scale mass production. Notably the copper-finish brushed aluminum panels—a

pioneering achievement—have been successfully applied to the Xiong'an Headquarters Project of China Mineral Resources Group.Additionally the Company's self-developed integrated corner-forming technology for stone-effect roller-coated aluminum panels

was implemented at scale for the first time in the Wuhan Business College project successfully achieving domestic substitution for

imported U.S. White Granite material thereby significantly enhancing supply chain autonomy controllability and core

competitiveness.In international market expansion the Company continuously launches customized products tailored to regional market

demands.In the Australian market the Company strictly adheres to the Australian Standard AS NZS 4284-2008 "Testing of building

facades" independently developing an extra-large seismic-resistant GRC green energy-efficient unitized curtain wall system. It has

also completed critical performance validations—including CWCT soft-body impact and hail resistance tests—for terracotta panels

providing robust technical assurance for the safe and reliable application of curtain wall systems. These technologies have already

been successfully deployed in projects in Melbourne and Ballarat. The Company has developed a series of products compliant with

Australian standards including the FD-WW115x70B green energy-efficient window-wall system FD-CW145x90A green energy-

efficient unitized curtain wall system high-performance double-layer rain-resistant ventilation louvers and green energy-efficient

sliding doors. These products have been applied in projects in Melbourne Australia and Bangladesh continuously enhancing brand

influence and market recognition.In the South American market targeting rail transit and public building scenarios the Company has specifically developed

distinctive products such as extra-large energy-efficient window-wall systems extra-large terracotta unitized curtain walls and

ceramic-effect aluminum unitized curtain walls. It efficiently delivered the curtain wall project for Bogotá Metro Station in Colombia

leveraging mature technical solutions to enter the high-end curtain wall market in South America.In the Middle Eastern market the Company has partnered with a local Dubai-based curtain wall systems firm and the

internationally renowned consultancy Inhabit to co-develop customized solutions—including a novel energy-efficient framing

system sand-resistant louver system and energy-efficient unitized curtain wall skylight system—tailored to regional climatic

conditions and project-specific requirements. These innovations comprehensively address the challenges of high temperatures and

sandstorms establishing a solid foundation for market expansion in the Middle East through localized collaborative innovation.* Synergistic Industry-Academia-Research Collaboration

The Company steadfastly advances deep integration of industry academia and research actively building a collaborative

innovation ecosystem linking "universities–enterprises–industries." In R&D talent development the Company regularly organizes

innovation training sessions and technical exchange activities for employees inviting industry experts to deliver lectures and provide

guidance—broadening staff horizons and enhancing innovative capabilities. The Company has established talent cultivation

cooperation frameworks with multiple universities including Jinan University and Guangdong Polytechnic College to secure a

steady pipeline of R&D personnel. During the reporting period the Company successfully obtained approval to establish the

"Shenzhen Postdoctoral Innovation Practice Base" creating a powerful hub for attracting and nurturing high-end scientific research

talent and driving curtain wall technologies toward intelligent and green development. Leveraging this platform the Company

continues to intensify R&D efforts on core key technologies. Its two independently developed innovations—the "Offset Upper-

7China Fangda Group Co. Ltd. Annual Report 2025 Summary

Lower Curtain Wall Closure System" and the "Extra-Large High-Vanadium Cable-Supported Curtain Wall Technology"—earned the

Company inclusion in the 24th "Shenzhen Enterprise Innovation (China) Records" highlighting its systematic and leading-edge

technical capabilities in complex curtain wall engineering.The Company also actively contributes its accumulated technical expertise back to the broader industry. Its subsidiary Fangda

Yunzhu participated in drafting the industry standard "Standard Test Methods for Building Curtain Wall Engineering." This effort

not only advances the upgrading of industry-wide quality inspection systems but also continuously reinforces the Company's

influence and authority in industry standardization.

4. Enhancing the Ganzhou Base to Strengthen Foundations for Intelligent and Green Development

In 2025 the Ganzhou intelligent manufacturing base focused comprehensively on market expansion technological innovation

capacity upgrading management enhancement and green manufacturing—solidifying the foundation for high-quality development

and continuously strengthening its industrial carrying capacity and core competitiveness.In terms of production capacity the base has commissioned a double-curved panel production line a honeycomb panel

processing line and a dedicated platform screen door production line. Both double-curved aluminum panels and honeycomb panels

now achieve stable large-scale production with full coverage across all panel types strongly supporting the Company's competitive

edge in the high-end complex-shaped aluminum panel market and laying a solid capacity foundation for sustained core business

growth.Regarding digital and intelligent empowerment the new MES platform has been fully launched enabling dynamic real-time

monitoring of the entire production process and precise cost accounting significantly improving manufacturing operational

efficiency. The CRM system has been successfully deployed and put into use continuously enhancing sales management and data-

driven capabilities. Moreover the industry's first fully automated aluminum single-panel production line in China has achieved large-

scale mass production simultaneously elevating both production efficiency and product quality.On green manufacturing and certification systems the Ganzhou factory has been awarded multiple recognitions: High-Tech

Enterprise "Specialized Sophisticated Distinctive and Innovative" SME Jiangxi Province Digital Transformation L6-Level

Enterprise and Performance Grade B Enterprise among key atmospheric-emission-intensive sectors in Jiangxi Province. Notably it

is the only enterprise in Zhanggong District Ganzhou City Jiangxi Province exempted from mandatory production halts or output

restrictions during heavy pollution weather emergency responses—providing robust assurance for uninterrupted production and

efficient order fulfillment. Additionally the base has successfully obtained Alstom supplier qualification and ISO 3834-2

international welding system certification. It continues to maintain rigorous compliance with ISO 9001 ISO 45001 ISO 14001 and

Level-3 Work Safety Standardization management systems empowering steady industrial growth through high-standard governance.

(3) New energy industry

New energy is one of the Company's key business segments. The Company actively responds to China's national "Dual Carbon"

strategy positioning new energy as a critical engine for green transformation and sustainable development. Beyond operating its own

distributed photovoltaic (PV) power stations the Company focuses on developing Building-Integrated Photovoltaics (BIPV)

solutions for clients. As one of China's earliest enterprises engaged in BIPV technology R&D and application the Company has

established a full-industry-chain service system covering design manufacturing integration and operation accumulating significant

technological leadership in the green energy sector.During the reporting period the Company successfully delivered BIPV distributed power stations for projects including Shenzhen

Luhu Center and Guangzhou KuGou Music Building. The photovoltaic power stations cover an area of approximately 1400

square meters with an estimated average annual power generation of about 230000 kWh—equivalent to saving 92 tons of

standard coal and reducing CO? emissions by 230 tons annually—offering a replicable technical pathway toward urban building

carbon neutrality.The Company's self-owned PV power station projects in Pingxiang and Nanchang (Jiangxi Isuzu Automobile parking lot)

Jiangxi Province and Songshan Lake Base in Dongguan Guangdong Province continue to operate reliably generating stable profits

and cash flow. During the reporting period the Company fully utilized the rooftop space of the Ganzhou factory to construct a

distributed PV power station with an installed capacity of 3200 kWp expected to generate approximately 3.52 million kWh annually.

8China Fangda Group Co. Ltd. Annual Report 2025 Summary

Operating under the "self-generation for self-use surplus power to grid" model over 80% of the generated electricity is consumed

on-site during peak-load periods reducing external electricity purchases by about 2.82 million kWh per year—saving approximately

1056 tons of standard coal and cutting CO? emissions by roughly 2800 tons annually. At the Shanghai factory a PV power station

with an installed capacity of 806.4 kWp was built on the facility rooftops projected to generate 887000 kWh annually and reduce

CO ? emissions by approximately 696 tons each year.Looking ahead the Company will continue deepening its new energy industrial layout leveraging technological innovation to

expand PV application scenarios and driving deeper integration of green energy with architecture and manufacturing—contributing

Fangda's strength toward achieving China's "Dual Carbon" goals.(IV) Commercial Management and Services

The Company's commercial management and property services are primarily located in Shenzhen and Nanchang. Leveraging

the geographical advantages of the Guangdong-Hong Kong-Macao Greater Bay Area and the policy dividends from Jiangxi

Province's "Strong Provincial Capital" strategy the Company continuously enhances asset operation efficiency and service quality

through a dual-driven approach of "precise positioning + digital empowerment." In the Shenzhen market the Company fully

capitalizes on the city's concentration of innovation resources and headquarters economy advantages. Through innovative leasing

strategies and operational upgrades it consistently maintains occupancy and leasing rates above industry averages. By the end of the

reporting period the Fangda Town project achieved a sales decontamination rate of 98.84% and a self-owned property occupancy

rate of 71.34%. The Fangda Technology Building had an occupancy rate of 82.21%. The Nanchang Fangda Center project is situated

in the core area of Honggutan CBD benefiting from steadily improving market expectations. As of the end of the reporting period

its sales absorption rate stood at 46.83% and the occupancy rate of self-held properties reached 88.87%.The Company is comprehensively advancing deep integration of "AI + Property Management" reshaping service experiences

and driving operational efficiency through digital means. In parking management the Company completed the intelligent upgrade of

the Fangda Building parking lot and optimized its online payment system improving service efficiency by over 60%. In energy

consumption management AI algorithms were introduced to optimize the operating strategy of the central air-conditioning system

achieving a comprehensive energy-saving rate of over 24%. The public-area lighting system now enables precise zonal and time-

based control effectively reducing operational energy consumption by approximately 20%. Regarding commercial facility operations

the Company has completed the intelligent retrofit of elevator advertising displays enabling remote centralized content management

and ultra-fast deployment—providing an efficient platform for precision-targeted advertising. Going forward the Company will

continue enhancing property operational efficiency and customer service experience by leveraging integrated digital and intelligent

technologies.The special planning work for the Company's Henggang Dakang Urban Renewal Project in Shenzhen is currently underway.

3. Financial Highlight

(1)Financial highlights in recent three years

Whether the Company needs to make retroactive adjustment or restatement of financial data of previous years

□ Yes□ No

In RMB

Increase/decrease from

End of 2025 End of 2024 End of 2023

the end of last year

Total assets 12575400067.75 13555387225.21 -7.23% 13376351856.86

Net assets attributable

to the shareholders of 5559285130.74 6125803906.35 -9.25% 5960140567.07

the listed company

9China Fangda Group Co. Ltd. Annual Report 2025 Summary

2025 2024 Increase/decrease 2023

Turnover 3377303066.44 4424224197.71 -23.66% 4292204716.01

Net profit attributable

to the shareholders of -515466884.24 144813705.53 -455.95% 272758249.50

the listed company

Net profit attributable

to the shareholders of

the listed company and -295072848.19 159778410.13 -284.68% 272138072.87

after deducting of non-

recurring gain/loss

Cash flow generated by

business operations 187412899.87 270894093.43 -30.82% 299742202.08

net

Basic earnings per

-0.480.13-469.23%0.25

share (yuan/share)

Diluted Earnings per

-0.480.13-469.23%0.25

share (yuan/share)

Weighted average net

-8.75%2.41%-11.16%4.67%

income/asset ratio

(2) Quarterly financial highlights

In RMB

Q1 Q2 Q3 Q4

Turnover 754337708.14 843948741.90 961013772.34 818002844.06

Net profit attributable

to the shareholders of 33026526.97 -15736928.74 -1399267.06 -531357215.41

the listed company

Net profit attributable

to the shareholders of

the listed company and 31047346.67 -16663850.34 -3156820.28 -306299524.24

after deducting of non-

recurring gain/loss

Cash flow generated by

business operations -306125952.98 39778725.13 72086305.98 381673821.74

net

Where there is difference between the above-mentioned financial data or sum and related financial data in quarter report and

interim report disclosed by the Company

□ Yes□ No

4. Share equity and shareholders

(1) Ordinary shareholders preference shareholders with resumed voting rights and top 10 shareholders

In share

Number of Total number of Number of Total number of

shareholder ordinary share shareholders of shareholders of preference

s of 42025 shareholders at the 43351 preferred stocks 0 shares of which voting 0

common end of the month of which voting rights resumed at the end

shares at before the rights recovered of the month before the

10China Fangda Group Co. Ltd. Annual Report 2025 Summary

the end of disclosure date of in the report disclosure date of the

the report the annual report period annual report

period

Top 10 shareholders (excluding shares lent through refinancing)

Pledge marking or

Name of Nature of Shareholding

Shareholding number Conditional shares freezing

shareholder shareholder percentage

Share status Quantity

Shenzhen

Banglin

Domestic

Technologi

non-state 11.11% 119332846 0 Inapplicable 0

legal person

Developme

nt Co. Ltd.Shengjiu

Foreign legal

Investment 10.73% 115249953 0 Inapplicable 0

person

Ltd.Domestic

Fang Wei natural 4.28% 45938739 0 Inapplicable 0

person

Domestic

Xu Lei natural 1.14% 12220000 0 Inapplicable 0

person

Domestic

Zhou

natural 0.91% 9764210 0 Inapplicable 0

Youming

person

Domestic

Xu Zhe natural 0.84% 9000000 0 Inapplicable 0

person

Domestic

Hu Zhexi natural 0.62% 6623850 0 Inapplicable 0

person

Shenwan

Hongyuan

Securities Foreign legal

0.55% 5943171 0 Inapplicable 0

(Hong person

Kong) Co.Ltd.Domestic

Xiong

natural 0.48% 5110257 3832693 Inapplicable 0

Jianming

person

Domestic

Qu Chunlin natural 0.41% 4444000 0 Inapplicable 0

person

Notes to top ten shareholder Among the above shareholders Shenzhen Banglin Technology Development Co. Ltd. Shengjiu

relationship or "action in Investment Co. Ltd. and Xiong Jianming are acting in concert. The Company is not notified of

concert" other action-in-concert or related parties among the other holders.Fang Wei holds 33402039 shares of the Company through a customer credit transaction

guarantee securities account with CITIC Securities Co. Ltd.;

Xu Lei holds 12220000 shares of the Company through a customer credit transaction guarantee

Statement of shareholders

securities account with Guolian Securities Co. Ltd.;

participating in margin trade

Xu Zhe holds 9000000 shares of the Company through a customer credit transaction guarantee

(if any)

securities account with Guolian Securities Co. Ltd.;

Hu Zhexi holds 6513850 shares of the Company through the client margin securities account at

China Zhongjin Wealth Securities Co. Ltd.Situation of share lending in refinancing business by shareholders holding more than 5% the top 10 shareholders and the top 10

11China Fangda Group Co. Ltd. Annual Report 2025 Summary

shareholders of unrestricted circulating shares

□ Applicable□ Inapplicable

Changes due to lending/returning of shares in refinancing business by the top 10 shareholders and the top 10 shareholders of

unrestricted circulating shares compared to the previous period

□ Applicable□ Inapplicable

(2) Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of the report

period

□ Applicable□ Inapplicable

No shareholder of preferred shares in the report period

(3) Chart of the controlling relationship between the practical controller and the Company:

Xiong Jianming