Integration, progress, collaboration, and far-reaching goals: Longyuan Group holds its 2025 annual work conference

threethe moontwenty-eightOn the day, Longyuan Group successfully held a meetingtwo thousand and twenty-fiveAnnual work conference, to“Integration for mutual progress and collaboration for long-term success” To comprehensively summarize the Eight Character Policytwo thousand and twenty-fourAnnual work achievements, carefully plannedtwo thousand and twenty-fiveAnnual development blueprint. Chen Honggang, member of the Party Committee and Deputy General Manager of Hangzhou Communications Investment Group, attended the meeting, and relevant leaders from the Communications Investment Group Office and Production Investment Division also attended the meeting. Written by Lai Chaohui, Chairman and President of Longyuan Grouptwo thousand and twenty-fourAnnual work report, including the group management, heads of the three major departments, core management of various functional departments and subsidiaries, and representatives of business backbonesone hundred and fiftyPeople gather together to seek a new chapter of high-quality development.

Reviewing the past and seeking new insights

Anchor the direction and embark on a journey

集團董事長、總裁賴朝暉在會上作題為《Integration for mutual progress and collaboration for long-term success》的年度工作報告，回顧two thousand and twenty-fourAnnual major achievements and comprehensive deploymenttwo thousand and twenty-fiveKey annual tasks.

Facing severe challenges in the construction industrytwo thousand and twenty-fourIn the year, Longyuan made substantial progress in its cooperation with Hangzhou Stock Exchange Group, and the application for private placement was smoothly promoted. The board of directors and supervisory board completed their elections,“State owned Assets Supervision and Administration+ Market oriented operation”The initial formation of the governance framework injects new institutional momentum into the group. The overall business structure of the group continues to optimize, with some breakthroughs in order acquisition in the three major sectors, and smooth market development in the Hangzhou region. Various sectors have worked together to promote production compliance and achieved multiple outstanding results. Exploring new models and technologies in infrastructure investment and green building sectors, continuously leading the industry. The group headquarters fully utilizes its security and control functions to support business from various aspects such as funding, talent, and administration, build a strong risk defense line, and ensure standardized operations.

Lai Chaohui pointed out that after more than 40 years of steady development, Longyuan has successfully built a diversified asset structure supported by three major business sectors, forming a unique“Longyuan Ecology”It has demonstrated excellent risk resistance and sustainable development potential, with significant advantages in qualification, credit and brand reputation, achieving a magnificent transformation from traditional construction contractors to urban comprehensive service providers.two thousand and twenty-fiveYear is the starting point for Longyuan's new development and an important opportunity to reverse its business situation“Trinity”Development requirements, how to do a good job in this year's work, Lai Chaohui has made the following deployment:

Group HeadquartersAs the core center,two thousand and twenty-fiveShouldering the heavy responsibility of strategic decision-making, resource allocation, business collaboration, service guarantee, and supervision. To strengthen the guidance of Party building and promote the integration of institutional revisions; To deepen“1+three”Control system, achieving refined control throughout the entire cycle; To safeguard business development from multiple dimensions such as fund allocation, capital market operation, organizational efficiency improvement, ecological construction, and brand building; To build risk barriers, improve asset operation quality, and strengthen performance management; At the same time, we need to strengthen the roles of guarantee, service, and supervision, and provide support for the three major sectors through resource allocation, talent mobility, and mechanism reform; We should actively integrate into Hangjiaotou Group, leverage the advantages of state-owned assets to expand our business, participate in demonstration projects in new fields, and help the group achieve high-quality development.

Construction general contracting sectionimportantReshaping the confidence of the market, employees, and partners. put into effect“Two lows and two highs”Strategy: Adhere to localized and regional operations, rooted in Hangzhou and Zhejiang, taking into account developed regions, leveraging the advantages of the home field, shareholder resources, and local policies, striving to land a large number of orders in Hangzhou and achieve considerable order volumes in other regions. Shangfang Design Institute focuses on“Non residential insurance”Market breakthrough. Strengthen centralized management of direct operated projects through organizational restructuring, maintain a good image of construction performance, and ensure that revenue meets standards. Strengthen collection management, clarify cash recovery targets, and strictly control double clearance procedures. In addition, we will comprehensively promote the reform of the human resources system, improve organizational efficiency, and perfect the construction of talent pool.

Infrastructure investment sectorimportant堅持“Combination of light and heavy”策略，借助國資背景及自身優勢，積極投身傳統基建與新興領域，如低碳園區、智慧交通等，帶著系統化方案主動出擊，力爭完成基建項目invest目標。加速operation能力construct，重點發展輕資產業務，將管理能力轉化為收益，承接可觀輕資產業務量。同時，important借力相關平臺推進零碳共建，主動培養operation團隊，踐行“Great Consultation”戰略。important牢記invest人身份，實現高額收款目標，嚴格執行獎懲機制，賦能一線清欠工作。

Green building sectorimportant繼續作為集團技術創新先鋒，通過構建研發、技術、業務相互促進的閉環，打通從實驗室到價值鏈的轉化路徑，聚焦市場需求，將創新勢能轉化為利潤，以技術推動集團高質量發展，實現Near zero energy building system技術突破與產品升級。同時，important高效推進宣城基地的construct與投產，大地鋼構加大steel structure市場拓展，信安幕墻穩定海外并開拓國內市場，力爭全年完成訂單、營收和收款目標。

Finally, Lai Chaohui officially announced at the meetingtwo thousand and twenty-fiveTop ten operational goals of the group for the year, hoping that all members of Longyuan will achieve them“Integration for mutual progress and collaboration for long-term success”Guided by the Eight Character Policy, we will face challenges with a more firm belief and a more vigorous attitude, and return to shareholders and society with more solid performance, jointly creating“The most market-oriented state-owned enterprise”Benchmarking, jointly writing a new chapter of high-quality development for Longyuan, and contributing Longyuan's strength to the development and growth of Hangjiaotou Group.

Each exhibition macro attempts to break through

A new chapter in the spectrum of collaborative progress

two thousand and twenty-five年是龍元集團發展歷程中至關重important的一年，定增即將完成，杭州交投集團的控股將為公司注入強大的政策支持和資源優勢。站在時代變革的潮頭，龍元集團正以嶄新的姿態迎接機遇與挑戰，三大板塊及各業務條線的工作開展顯得尤為關鍵。會上，各板塊、業務條線負責人分別在會上對two thousand and twenty-fiveLooking ahead to the annual work.

Construction general contracting section負責人 Lin Shengmin

Construction general contracting section將從愿景、路徑、保障三方面來制定未來管理思路。愿景上，力求實現 “Three leads”Leading in scale, efficiency, and management. The implementation path includes: firstly, restructuring the organizational structure, focusing on layout in key areas, achieving flat management, reducing costs and increasing efficiency, and building a professional team; Secondly, we will promote business transformation, focus on advantageous markets, cultivate emerging growth poles, strengthen business collaboration, and deepen local cultivation; The third is to promote management upgrading, strengthen compliance management, and take into account market-oriented operations. In terms of security, firstly, strengthen organizational support and adhere to the guidance of party building; The second is to ensure cultural security, integrate Hangzhou Stock Exchange Group and Longyuan Culture, and help the sector develop steadily.

Infrastructure investment sector負責人 Li Xiongkun

Infrastructure investment sector在戰略定位上，important成為集團發展新基石與新動力，擔當 PPP Asset management platform, main force of traditional infrastructure investment management, and emerging force of new infrastructure exploration. At the same time, efforts will be made around six major indicators, including payment collection, construction investment, and operation projects, to ensure the completion of goals such as payment collection, output value, and infrastructure investment project orders. By continuously promoting collection and asset activation, increasing investment business expansion efforts, improving operational management efficiency to reconstruct competitiveness, and other key measures, we aim to achieve high-quality development of the sector and help achieve the overall strategic goals of the group.

Green building sector負責人 Lu Jiong

在新的一年，Green building sector持續深耕重點區（領）域、穩固既有經營局面的基礎上，主動營銷變陣，緊抓業務新機會、力擴在杭訂單額、加強海外市場探索與開拓；板塊將持續推動綠建能力construct和研發進程，加快宣城新產業基地的investconstruct，努力實現“Near zero energy building system”Upgrade and“Prefabricated ultra-low energy consumption exterior wall panel”Productization and integration into sister sectors“Zero Carbon Park”Collaborate and cooperate effectively in business operations. In terms of management, the green construction sector will actively and steadily promote mechanism changes and process transformations in accordance with state-owned asset standards, ensuring orderly and stable production and operation, and refining the role of party building in promoting business. In the new year, the sector will“New mechanism, new mission, new pace”Strive to achieve the various business goals set with the group for the development agenda.

Vice President of the Group Dai Ying

The market operation line will clarify business policies, leverage the advantages of state-owned assets, build efficient organizations, adhere to market mechanisms, and provide one-stop, full cycle, and all-round high-quality services. Adopting 'autonomy'+cooperate with+合作” Trinity的經營策略，整合資源cooperate with發力，打造差異化優勢。在市場布局上，important扎根杭州、立足浙江，兼顧重點區域。組織架構力求清晰高效，同時通過強化團隊construct、完善制度流程與考核機制，提升市場形象，做好業務資源支持，推動集團穩健發展。

Vice President of the Group Simenglong

杭州地區市場經營將充分利用國資控股優勢，秉承融入、合作、共贏的市場拓展思路，以政府invest項目為基本盤、民營invest項目為增長盤，立足總承包、拓展專業分包，板塊cooperate with、提升綜合競爭力。同時，利用好當前政策優勢，爭取獲得更大政策支持；優化組織架構，合理配置市場經營團隊，采用網格化管理強化責任，屬地化經營破除區域壁壘；調整經營策略，優化投標模式、提升投標競爭力，整合資源、發揮cooperate with優勢，逐層遞進、及時掌握項目動態信息，探索利用AIAssist market operations with technology and promote market business expansion.

Group Finance Director Li Xiufeng

two thousand and twenty-five 年財務工作將圍繞生產經營，做好“service、保障、督導”三項內容，重點做好“四個保障”：對于定增款項做好科學安排，快速修復企業、銀行征信及稅務信用，統籌資金配置，做好資金保障。加強業財融合與財務分析能力，提升人員業務能力，做好信息保障及管理層的決策支持。優化部門架構，打造和加強資金管理能力，做好組織保障。梳理完善現有制度，體現國資管理important求，加強與其他條線的cooperate with合力，做好制度保障。

Vice President of the Group、董事會秘書 Zhang Li

two thousand and twenty-five年，證券部將重點推進五方面工作：一是全力推動定增盡早獲取批文并順利完成發行。二是啟動解決同業競爭方案，把握資本市場資產證券化機遇，注入優質資產，助力上市公司做優做強。三是完善并提升公司治理水平，修訂公司章程與授權體系，完成董監事會換屆改選增選工作。保障股東大會、監事會、董事會及專業委員會按照證監會、上交所、國資委的important求規范運作。探索形成國資規范穩健與民企市場化靈活性逐步融合，規范與效率兼備的上市公司治理模式”。四是保障信息披露合規，嚴格遵循監管原則提升信披質量，夯實合規基礎，并落實國資監管新important求。五是加強市值管理及invest者關系管理，樹立資本市場新形象，促使估值合理回歸。

Vice President of the Group He Shuguang

two thousand and twenty-five The Ministry of Administration will“Party building leadership, internal control upgrading, brand building, service quality improvement, cost reduction and efficiency enhancement”As the core, we will promote the optimization of the party organization structure, institutional sorting, brand building, improvement of logistics services, and cost control, and provide good support for the group's middle and back office. The Human Resources Department focuses on system construction, cadre management, talent echelon construction, information technology promotion, and guarantee support, improving human resource allocation and salary budget mechanisms, strengthening cadre management, and promotingE-HRSystem construction, providing personnel services and solutions for the group, and assisting in the sustainable development of the group.

At the meeting, Lai Chaohui signed agreements with the heads of the three major sectors and the heads of various business lines two thousand and twenty-five The annual target responsibility letter clarifies the work tasks and goals of each department and business line in the new year.

Experience exchange promotes growth

Diversified development brings vitality

Longyuan Development has entered a new era, and member units of the three major sectors have expressed their willingness to leverage their own advantages under the background of state-owned assets, actively explore cooperation perspectives, and create a win-win situation. Hangzhou City投construct副總經理陳金芳，Wang Ping, General Manager of Longyuan Tiance，Green building sector總經理、大地鋼構董事長Pei Chuanfei, General Manager of Long Yuanshenghong Guo Wenming, General Manager of Directly Operated Engineering Company Yang Peijun, Mingshu DataCEOXiao Guangrui made a communication speech at the meeting.

Chen Jinfang, Deputy General Manager of Hangzhou Urban Investment ConstructionHangzhou Urban Investment Constructiontwo thousand and twenty-fiveThe annual plan will revolve around the target path and formulate“the 15th Five-Year Plan”plan. At the same time, we will continue to reduce costs and increase efficiency, deeply implement the economic responsibility system, and use technology and digital means to improve work efficiency. Grasp transformation and upgrading, innovate diversified exploration, and practice“Great Consultation”Strategy, accelerateAIBreaking through the barriers of comprehensive application and operational work, leveraging the advantages of the entire process consulting ecosystem. Build a talent team, build a high-tech team, and inject vitality into the company's development. Consolidate the foundation of party building, improve the supervision system, and safeguard the development of the company.

Wang Ping, General Manager of Longyuan Tiance: Dragon Yuantian Booktwo thousand and twenty-fiveAnchor the industrial parkfourUpgrade and create a full chain growth pole, to“digitize+Greening+Platformization+internationalization”Four wheel drive, fully empowering the park“invest+special-purpose bonds+construct+operation+service”Full chain business, striving to winten億級訂單，以專業的輕資產operation能力、高效的資源轉化能力、領先的AI+digitize產品，助力龍元集團突破傳統施工企業“Price competition, relationship competition”路徑依賴。重塑產業園區operation核心競爭力。

Green building sector總經理、大地鋼構董事長裴傳飛The earth steel structure will be“steel structure+N”的模式打造核心競爭力，加大專業交接面的研發投入，明確各業務領域的產品定位。做好華東地區、華南地區、海外等重點區域的市場開拓，嘗試在其他區域有所突破。合理利用平臺資源，加強cooperate with經營，積極開發以steel structure為基礎的綠色裝配式建筑項目。同時，做好宣城基地的construct，致力打造為建筑工業化智能制造和產學研一體化的新型專業產業園區。

Guo Wenming, General Manager of Longyuan ShenghongShenghong Water Conservancy will seize the opportunity window period of national water conservancy policies and focus on“水利施工、水利運維和智慧水利的Trinity”Business development system, continuously deepening industrial layout. In terms of water conservancy construction, accurately matching the group's strategic deployment, optimizing the national business network layout, and building“Three dimensional market pattern”Consolidate the foundation of the basic market, break through key regional markets, and cultivate strategic emerging markets;水利運維方面，重點圍繞水利設施智慧管養，市政設施綜合運維、環保設施生態治理、公建物業增值service四大業務類型，建立標準化運維管理體系，推進全生命周期service模式；智慧水利方面，通過數字賦能實現水利傳統業務價值重構，做好水利新產品的的開發和新service的提供，為水利施工和水利運維業務賦能，開辟水利發展新賽道，持續提升全產業鏈service能力。

Yang Peijun, General Manager of Directly Operated Engineering Company：直營工程公司將做好組織架構優化和制度調整，實現清晰的分級授權，提高項目決策效率，建立cooperate with機制。同時轉變履約和經營思維，加強危機意識，注重全局思考。提升資源整合能力，內部加速與分子公司cooperate with，形成合力，同時外部加快儲備項目屬地戰略，打造公司的直營品牌。

Mingshu DataCEOXiao Guangrui：two thousand and twenty-five年，Mingshu Data提出“12three45”Strategic planning: Focus on the bottom line of sustainable development and promote the growth of traditional businessesten%Innovative business growth200%Strengthen competitiveness through team capability iteration, salary structure optimization, and diversified cooperation models; Deepen cost control and independent accounting of business lines, explore low altitude economyAIEmerging fields such as laboratories. The Mingshu team will continue to work closely with the group to expand into the East China market, welcoming the industry spring with professional capabilities and innovative solutions.

Join hands and make great progress

Integration and Win Win New Chapter

杭州交投集團黨委委員、副總經理陳宏剛發表重important講話，對龍元集團的過往成就、當下發展及未來前景給予了高度評價與展望。

Chen Honggang praised the lively atmosphere and practical content of this work conference. The attendees faced the problem directly, conducted in-depth analysis, and proposed many unique solutions with Longyuan characteristics. such “Open the way to mountains and build bridges when encountering water” The wisdom and courage of Longyuan Group are the most touching traits, which are highly compatible with the spirit of struggle of Hangzhou Stock Exchange Group.

Standing at a brand new starting point, Chen Honggang is full of firm confidence in the future cooperation between Hangzhou Stock Exchange Group and Longyuan Group. He emphasized that the successful completion of private placement is not the end, but the beginning of a new journey. In the future, both parties will work together to build a municipal state-owned listed company with regional influence, industry appeal, and market competitiveness, achieving a mutually beneficial and win-win situation.

Chen Honggang stated that the company is at a new historical starting point. The past Longyuan Group created extraordinary miracles, and tomorrow's Longyuan Group will surely forge new legends. Hangzhou Stock Exchange Group and Longyuan Group will take this conference as a new starting point, work hand in hand, establish more monuments in the vast development world, and jointly write a wonderful new chapter.

two thousand and twenty-five年是龍元集團發展歷程中至關重important的一年。公司即將邁入全新的發展階段。站在時代變革的潮頭，龍元集團正以嶄新的姿態迎接機遇與挑戰。集團的每一次跨越，都離不開全體龍元人的付出。讓我們以“Integration for mutual progress and collaboration for long-term success”Guided by the Eight Character Policy, with a professional, pragmatic, and hardworking attitude, we aim to create a better future together!