StockCode:000055,200055StockID:FangdaGroup,FangdaBAnnouncementNo.2026-04

ChinaFangdaGroupCo.,Ltd.

AnnualReport2025Summary

I.ImportantDeclarationTheannualreportsummaryisabstractfromtheannualreport.InvestorsshouldreadtheannualreportfromthespecifiedmediatofullyunderstandtheCompany'sbusinessachievements,financialstatusandfutureplans.AlltheDirectorshaveattendedthemeetingoftheboardmeetingatwhichthisreportwasexamined.Non-standardauditingopinion

□Applicable?InapplicableProfitdistributionper-planorcapitalizationplanintheperiodreviewedbytheBoardofDirectors?Applicable□InapplicableCapitalizationplan

□Yes?NoThe2025profitdistributionproposalapprovedbytheCompany'sBoardofDirectorsatthismeetingisasfollows:nocashdividendswillbedistributed,nobonusshareswillbeissued,andnocapitalizationofreserves(includingcapitalreserveorotherreserves)willbemadetoincreasesharecapital.Thepreferenceshareprofitdistributionper-planapprovedbytheBoardofDirectors

□Applicable?InapplicableII.GeneralInformation

1.CompanyProfile

2.Businessorproductsinthereportperiod

ChinaFangdaGroupCo.,Ltd.wasfoundedinShenzhenin1991,withbusinessesspanningintelligentplatformscreendoorsystemsforrailtransit,high-endsmartcurtainwallsystemsandmaterials,newenergy,andcommercialservices.Intermsofcorebusinesscompetitiveness,theCompany'sintelligentplatformscreendoorsystemsforrailtransitandsmartcurtainwallsystemsarebothindustry-leading.Notably,itsurbanrailtransitplatformscreendoorsystemhasbeenawardedthetitleof"ManufacturingSingle-ProductChampion"byChina'sMinistryofIndustryandInformationTechnology.TheCompanyownssevennationalhigh-techenterprises,six"Specialized,Sophisticated,Distinctive,andInnovative"(SSDI)enterprises,two"NationalIntellectualPropertyAdvantageEnterprises,"one"NationalQualityLeaderEnterprise,"andtwoprovincial-levelengineeringtechnologyresearchcenters.

Duringthereportingperiod,theCompanycloselyfolloweditsannualthemeof"DigitalIntelligenceEmpowermentandScientificManagement,"achievingnotableprogressininnovation-drivendevelopment,overseasmarketexpansion,andoperationalriskcontrol.Adheringtoaninnovation-drivenstrategy,theCompanyactivelypromotesdeepintegrationofartificialintelligence(AI)technologiesacrossallbusinesssegments,embedsriskmanagementthroughouttheentireproductionandoperationprocess,and

rigorouslymanagesoperatingcashflowtoeffectivelysafeguardoperationalsecurity.Whilesolidifyingitscompetitiveedgeinthe

domesticmarket,theCompanyhasexpandeditsglobalfootprintthroughhigh-qualityproductsandsuperiorservices,demonstratingstrongresilienceandgrowthpotentialacrossallbusinesssegments.Forthefullyear,theCompanyreportedoperatingrevenueofRMB3,377,303,100,netoperatingcashflowofRMB187,412,900,newlysignedoverseasordersaccountingfor27.06%oftotalneworders,andanend-of-periodorderbacklogofRMB6,610,286,300,includingRMB2,536,530,100inoverseasorders,anincreaseof

12.31%year-on-year.ChinaFangdaGroupCo.,Ltd.maintainedasolidoperationalstanceamidacomplexenvironmentthroughrobustcashflowmanagementandacontinuouslyoptimizedorderportfolio,layingastrongfoundationfortransformation,upgrading,andsustainabledevelopment.

(I)IntelligentPlatformScreenDoorSystemsforRailTransit

1.EmpoweredbyArtificialIntelligence(AI)Technology,PioneeringaNewGrowthFrontierintheIndustry

TheCompanyadherestoaninnovation-drivenstrategytocultivatenew-qualityproductiveforces.Duringthereportingperiod,theCompanybecamethefirstintheindustrytoenterthe"unchartedterritory"ofintelligentsafetyprotectionsystemsforhigh-speedrailplatforms.Leveragingartificialintelligence(AI)technology,itsuccessfullydevelopedtheworld'sfirstfullyslidingdoorsystemforhigh-speedrailplatforms,achievingamajorbreakthroughinacriticaldomain.ThesystemcommencedsuccessfuloperationatShenzhenFutianHigh-SpeedRailwayStationinOctober2025.ThismilestonenotonlyopenedacompletelynewbusinessfrontierfortheCompanybutalsoestablishedapowerfulengineforitshigh-qualitygrowth.ThissystemintegratesAI-poweredmultimodalfusiontechnology,deliveringthreeworld-firstachievements:thefirstplatformscreendoorsystemcompatiblewithalltrainmodels;thefirstcapableofdeploymentalongvaryingplatformedgeconfigurationsforadjacenthigh-speedrailtracks;andthefirsttoobtainCRCCcertificationforhigh-speedrailplatformdoors.ByharnessingAItechnologyandleveragingitsend-to-endin-housecapabilities—fromindependentR&Dandmanufacturingtoservicedelivery—theCompanyeffectivelyaddresseslong-standingindustrychallengesrelatedtocompatibilityandprecisealignmentofexistinghigh-speedrailplatformdoors.Itprovidescustomerswithsmarter,moreefficient,energy-saving,environmentallyfriendly,andsaferrailtransitequipment,alongwithcomprehensivelifecyclesystemsolutions.

TheCompany'sindependentlydevelopedCBMSintelligentoperationandmaintenancesystem(includingbothwebandmobileapplications)hasbeenfullydeployedinMTRCorporation'sProject1254inHongKongandisstablyoperatinginapubliccloud

environment,receivingpositivefeedbackonbothsystemreliabilityanduserexperience.ThroughAI-driventechnologicalinnovation,theCompanyhasreachedanewheightinitsinnovationcapabilityandisnowleadingtheglobalraceinthissector.Focusingoncriticalreliabilitybottlenecksduringproductoperation,theCompanysuccessfullyovercamemultiplecoretechnicalchallengesintheindustry,includingvoltagedropinsafetycircuits,connectordurability,andswitchcontactstability.Throughin-depthanalysisandvalidationofrepresentativeissues,theCompanyhasdevelopedreusablestandardizedtechnicalsolutionsandsystematicallyintegratedthemintotheR&Dandmanufacturingprocessesofnewprojects—markingastrategicleapfrom"solvingindividualcases"to"buildingasystematicframework."Thisadvancementhassignificantlyenhancedproductreliabilityandoperationalstability,furtherstrengtheningtheCompany'stechnologicalmoatinthefieldofintelligentplatformscreendoorsforrailtransit,andprovidingasolidfoundationtoconsistentlymeetthedemandingrequirementsofhigh-safety,high-availabilityapplicationscenarios.Inthefieldofretrofittingexistingrailtransitplatformscreendoorsystemsandsafetycontrol,theCompanyhassuccessfullydevelopedrapiditerationandintegrationsolutionsforlegacysystemsfromothermanufacturersonolderlines.ThedevelopmentofaSIL4-certifiedplatformscreendoorcontrolsystemhasachievedabreakthrough,layingasolidtechnicalfoundationforretrofittingbothdomesticandinternationalrailtransitlines.

TheCompanyhasbeendeeplyinvolvedintheformulationofnationalandindustrystandards.Itservedastheleadeditorforthefirstnationalstandardintheurbanrailtransitplatformscreendoorsector—"PlatformScreenDoorSystemsforUrbanRailTransit"(GB/T46749-2025)—andthefirstindustrystandard—"PlatformScreenDoorsforUrbanRailTransit"(CJ/T236-2022).Italsoparticipatedindrafting"TechnicalSpecificationforPlatformScreenDoorSystemsofUrbanRailTransit,""TechnicalGuidelinesforSmartStationConstructioninRailTransit,""TechnicalSpecificationforIntelligentForeignObjectDetectionSystemsBetweenPlatformScreenDoorsandTrainDoorsinUrbanRailTransit,""AcceptanceSpecificationforFullyAutomatedOperationSystemsinUrbanRailTransit,"and"TechnicalSpecificationforPlatformDoorSystemsofHigh-SpeedRailways."Throughthesestandardizationefforts,theCompanyhasfurtherconsolidateditsleadingpositionintheindustry,promotedstandardizedandregulateddevelopmentoftherailtransitplatformscreendoorsector,andprovidedChinesetechnicalstandardstosupporttechnologyadaptationforprojectsalongthe"BeltandRoad"routes.

TheCompanyadherestosustainedinvestmentinR&Dandinnovation.Asofnow,theCompanyholds315patents(including70inventionpatents)foritsintelligenturbanrailtransitplatformscreendoorsystemsinChinaandoverseas,22internationalPCTpatents,and15softwarecopyrights,formingacoretechnologyclusterandacomprehensiveintellectualpropertysystemwithfullindependentownership.

2.DeepeningOverseasMarketPenetrationandAchievingDualImprovementinScaleandQualityofGlobalLayout

Formanyyears,theCompanyhascontinuouslyexpandedintooverseasrailtransitmarkets,establishingamarketdevelopmentpatternthatfostersmutualreinforcementbetweendomesticandinternationaldualcirculation.Duringthereportingperiod,theCompanyachievedhistoricbreakthroughsinbothorderacquisitionandprojectexecutionacrossdomesticandoverseasmarkets.Inthedomesticmarket,theCompanyfocusedoncoreurbanagglomerations—includingtheGuangdong-HongKong-MacaoGreaterBayArea,theYangtzeRiverDelta,andtheBeijing-Tianjin-Hebeiregion—aswellaskeycitiesincentralandwesternChina,activelysupportingthenetworkeddevelopmentofurbanrailtransitsystems.Itsuccessfullydeliveredsevenmajordomesticprojectstohighstandards,includingDongguanMetroLine1andShenzhenMetroLine16PhaseII.Internationally,itcompletedthelandmarkMumbaiMetroLine3projectinIndia,achievingcommercialoperationforatotalofeightprojectsworldwide—fourdomesticallyandfouroverseas.Amongthese,theopeningofDongguanMetroLine1propelledtheGreaterBayAreaintoaneweraofgrid-basedrailtransitoperations;ShenzhenMetroLine8PhaseIIIrealized"subwayconnectivityineverydistrict"acrossShenzhen;andthenewlyopenedsectionofNanningMetroLine4markedthefirst-evermetroserviceinYongningDistrict.

Meanwhile,MumbaiMetroLine3—thefirstfullyundergroundmetrolineinIndia—hasfundamentallytransformedlocalpublictransportationpatterns,demonstratingtheCompany'sstrongcapabilityinhigh-qualityprojectdelivery.Intermsofmarketexpansion,in2025theCompanysuccessfullywonbidsforkeydomesticprojectssuchasShenzhenMetroLine13PhaseIIandShijiazhuangMetroLine4PhaseI,aswellastheAlmatyMetroLine1projectinKazakhstan.ItsorderbacklogreachedRMB2,301,044,700,withnewlysignedoverseasordersaccountingfor46.46%oftotalordersinthisbusinesssegment.The

CompanyhasfurtherdeepeneditspresenceinSoutheastAsia,CentralAsia,andSouthAsia,whilealsoexpandingitsreachintoemergingmarketsinEuropeandSouthAmerica,writinganewchapterinitsglobalmarketdevelopment.Bycloselyaligningwiththedevelopmentstatusofoverseasrailtransitmarkets,theCompanyprovidescustomizedtechnicalsolutionsandproductservices,establishingitselfasaleadingbenchmarkfortheinternationalizationofChina'srailtransitequipmenttechnology.

3.EnhancingIntegratedTechnicalServiceCapabilitiesandContinuouslyRefiningFull-ChainIndustrialLayoutTheCompanyisacceleratingitstransformationfromarailtransitplatformscreendoorsystemequipmentmanufacturertoafull-industry-chainserviceproviderintegrating"equipmentmanufacturing+integratedtechnicalservices."Duringthereportingperiod,theCompanysecuredoverseasprojectsincludinglong-termmaintenanceandservicingcontractsforplatformscreendoorsystemsinHongKong.Notably,the30-yearlong-termmaintenancecontractforhalf-heightsafetydoorsonSingapore'sJurongRegionLineandthe6-yearmaintenancecontractforHongKong'sEastRailLinemarksignificantbreakthroughsintheCompany'safter-salesservicecapabilitiesintherailtransitplatformscreendoorsector,usheringinanewchapterforintegratedtechnicalserviceofferingsintheindustry.Intheareaoftechnicalretrofitsforrailtransitplatformscreendoorsystems,theCompanyhasconsistentlyremainedattheforefrontoftheindustry.In2025,leveragingitsproprietary"plug-and-play"technology,theCompanywonthecontracttoinstallhalf-heightdoorsonHongKong'sEastRailLineandcompletedtheprojectsixmonthsaheadofschedule,earningthe"OutstandingCollaborationAward"fromMTRCorporationLimited.Thisprojecthasbecomeabenchmarkcaseexemplifyingtheintegrationofadvancedtechnologyandhigh-qualityserviceintheindustry.TheCompanyhasestablishedafull-industry-chainservicesystemcovering"R&D–manufacturing–installation–maintenance,"successfullyupgradingitsbusinessmodelfromproduct-onlydeliverytodualoutputof"products+services,"providingstrongsupportforglobalmarketexpansion.Intermsofindustriallayout,theCompanycloselyalignswithoverseasmarketdemandsandhasfurtheroptimizeditsglobaloperationsandmaintenancecenternetworkbyestablishingamaintenancecenterinHongKong,significantlyenhancingserviceefficiencyforinternationalclients.Domestically,theWuhanproductionbasecommencedsmoothoperationsduringthereportingperiod.

Forthereportingperiod,theCompany'srailtransitplatformscreendoorbusinessgeneratedrevenueofRMB596,770,500,ofwhichintegratedtechnicalservicerevenueamountedtoRMB87,850,600,accountingfor14.72%.Newlysignedordersforintegratedtechnicalservicesincreasedby32.32%comparedtothesameperiodoftheprioryear.

4.DeepeningInternationalCooperationandStrengtheningtheIndustrialEcosysteminOverseasMarkets

Usingtechnicalexchangeasabridgeandwin-wincollaborationasthecoreprinciple,theCompanyhascontinuouslydeepenedindustryengagementandinternationalcooperationbothdomesticallyandoverseas.In2025,itconductedmorethan20externaltechnicalexchangeswithinternationallyrenownedenterprisesandinstitutions—includingAlstomheadquarters(France),LandTransportAuthority(LTA)headquarters(Singapore),andEgypt'sNationalAuthorityforTunnels—aswellasleadingdomesticentitiessuchasShanghaiShentongMetroandGuangzhouMetro—significantlyenhancingitsglobalbrandinfluenceandindustryrecognition.Initsinternationalcollaborations,theCompanyhasactivelyintegratedintotheindustrialecosystemoftheBeltandRoadInitiative.ItsignedaMemorandumofUnderstanding(MoU)on"LocalizationofPlatformScreenDoorSystems"withEgypt'sNationalAuthorityforTunnels,promotinglocalizeddeploymentandapplicationofplatformscreendoortechnologyintheregion.Additionally,theCompanyjointlyestablishedthe"RailTransitConstructionandDevelopmentLaboratory"withHoChiMinhCityUniversityofTransport.ThislaboratoryservesasashowcaseforChina'srailtransittechnologyexports,supportinglocaltalentdevelopmentwhileachievingdeepintegrationoftechnologyandindustry,therebyinjectingChineseexpertiseintotheadvancementofoverseasrailtransitmarkets.

(II)IntelligentCurtainWallSystemsandNewMaterials

1.FocusingonaHigh-EndPremiumStrategyandBuildingBrandFoundationthroughBenchmarkProjects

TheCompanyadherestoaninnovation-drivenapproachtodevelopnew-qualityproductiveforces,focusingonahigh-endpremiumstrategyandcounteringtheindustry's"involutionary"competitionbydeliveringhigh-qualityproductsandsuperiorservicestoclients.Itpreciselytargetsthehigh-endcurtainwallmarketsbothdomesticallyandinternationally,deepensengagementwithpremiumclientgroupsandkeyregions,andsecuresmajorbenchmarkprojects,providingclientswithend-to-end,one-stopintegrated

curtainwallsolutions.Thisconsistentdeliveryofhigh-qualityprojectsreinforcesitscorecompetitiveadvantage.Duringthereportingperiod,theCompanywonbidsforaseriesofhigh-qualitybenchmarkprojects,includingtheMedicalSchoolofTheChineseUniversityofHongKong,Shenzhen;PhaseI(EmergencyComprehensiveBuilding)oftheShenzhenPeople'sHospitalExpansionandReconstructionProject;ShenzhenGuoxingCoreTower;ZhuhaiYibos'R&D,Operations,andIntelligentManufacturingHeadquarters;JDGroupShanghaiHeadquartersT1;andthepodiumbuildingofChinaMerchantsShekouTowerinShenzhen—furtherdemonstratingitsstrongcompetitivenessinthehigh-endmarket.In2025,theCompany'sintelligentcurtainwallandnewmaterialsbusinessgeneratedrevenueofRMB2,569,944,700,withanorderbacklogatyear-endamountingtoRMB4,309,241,600,whichis1.68timesthesegment's2025revenue.Therobustorderpipelineprovidessolidsupportforsustainedandstablebusinessgrowth.

Throughexceptionalengineeringqualityandprofessionalservice,theCompanyhasearnedwidespreadrecognitionandhighpraisefromclients.Duringthereportingperiod,thecurtainwallprojectsforShenzhenChinaElectronicsTowerandQianhaiInformationHubTowerinShenzhenreceivedthe"Excellent"ratingintheGuangdongProvincialEvaluationofBuildingDecorationEngineeringQuality.QianhaiFinancialHoldingsTowerinShenzhenwasrecognizedamongthe"Top10InnovativeProjects"inthecurtainwallindustry.ProjectsincludingTencentDigitalBuilding,ByteDanceHouhaiCenter,andKingdeeCloudTowerinShenzhenweredesignatedas"ShenzhenStandard"DemonstrationProjects.Additionally,ShenzhenBayCulturalPlaza,TheSeventhAffiliatedHospitalofSunYat-senUniversity(Shenzhen),FutianGreaterBaySmartPlaza,ChinaMerchantsShekouTower,OPPOBinhaiBayIntelligentManufacturingIndustrialPark,andAntGroupGlobalHeadquartersPhaseIIallreceivedhighcommendationsfromtheirrespectiveclients.Thesuccessful,high-qualitydeliveryofthesebenchmarkprojectsandthestrongmarketrecognitiontheyhavegarneredfullyreflecttheCompany'stechnicalexcellenceandbrandinfluenceinthecurtainwallengineeringsector,layingasolidreputationfoundationforcontinuedhigh-qualitybusinessdevelopment.

2.DeepeningtheGlobalizationStrategyandBuildingNewGrowthEnginesOverseas

FacedwithdualpressuresfromslowingglobaleconomicgrowthandintensifyingcompetitioninChina'sdomesticcurtainwallmarket,theCompanyhasfirmlyadvanceditsinternationaltransformationstrategy.Throughagloballydiversifiedlayout,iteffectivelyhedgesagainstrisksassociatedwithrelianceonasinglemarket.In2025,overseasbusinessachievedsimultaneousgrowthinbothvolumeandquality,withnewlysignedoverseasordersincreasingby48.67%year-on-year.Breakthroughprogresswasmadeinkeyregions—includingAustralia,theMiddleEast,SouthAsia,andSouthAmerica—establishingthemascriticaldriversfortheCompany'shigh-qualityindustrialdevelopment.

Australia,asacorestrategicmarket,continuestobedeeplycultivated,resultinginamatureoperationalframeworkcenteredon"twohubs—MelbourneandSydney—withmulti-pointradiatingcoverage."TheCompanyhasestablishedlong-termstrategicpartnershipswithleadinglocalcontractorsandtop-tierdistributorsandhassuccessfullypassedCodeMarkcertificationaudits,furthersolidifyingitsbrandpositionintheregion.Duringthereportingperiod,theCompanysecuredkeyprojectsinSydneyandBrisbane,fullyimplementinglocalizedoperationsbyestablishinglocalprojectmanagementanddesignteams.Thisapproachenablesefficientalignmentwithlocaltechnicalstandardsandmarketregulations,significantlyenhancingprojectexecutionefficiencyandservicequality.

EmergingmarketsintheMiddleEast,SouthAsia,andSouthAmericahaveseenacceleratedbreakthroughsacrossmultiplefronts.IntheMiddleEast,theCompanyachievedthe"FangdaSpeed"—establishingalocalteam,securingprojects,andcommencingimplementationallwithinthesameyear.ItforgeddeepcollaborationswithrenownedDubai-basedcontractorsandleadingdevelopers,winningthecurtainwallcontractforthelandmarkOneRiverPointprojectinDubaiandsigninganaluminumpanelorderforthewind-responsivefa?adeprojectwithDPWorld(DubaiPortsWorld).InSouthAsia,Bangladeshservesasthefocalpoint,withtheCompanysuccessivelywinningbidsformultiplepremiumcurtainwallprojects,includingForumTower,Pinnacle,andMiraiofNirman.InSouthAmerica,theCompanysuccessfullydeliveredthecurtainwallprojectforBogotáMetroStationinColombia,whereitsultra-largeterracottapanelunitizedcurtainwalltechnologyreceivedhighpraisefromtheclient.Leveragingsuperiorproductquality,comprehensiveservicecapabilities,rapidadaptabilitytolocalregulatoryrequirements,andcustomizeddesignexpertise,theCompanypreciselymeetsthedifferentiateddemandsofhigh-endprojects,earningstrongrecognitionfromclientsandlayingasolidfoundationforfurtherexpansionintoemergingmarkets.

Lookingahead,theCompanywillcontinuetodeepenitspresenceinoverseasmarkets,prioritizebreakthroughsinthehigh-endMiddleEasternmarket,steadilyexpanditsbusinessfootprintinSoutheastAsiaandSouthAmerica,andcontinuouslyincreasetheshareofoverseasrevenue.ThisstrategicfocusaimstodriveleapfroggrowthininternationaloperationsandestablishChinaFangdaGroupCo.,Ltd.asagloballeaderinintelligentcurtainwallsystems.

3.EmpoweringTechnologicalInnovationwithArtificialIntelligence(AI)toStrengthenCoreIndustrialAdvantages

TheCompanyconsistentlyregardsintelligentmanufacturingandartificialintelligence(AI)technologiesasthecoreenginesofindustrialupgrading,integratingtechnologicalinnovationacrosskeyareasincludinggreenenergyefficiency,prefabricatedconstruction,newmaterialapplications,andcomplexcurtainwallsystems.ThisapproachhasenabledtheCompanytoestablishend-to-endbreakthroughcapabilitiesspanningR&D,productiteration,andengineeringimplementation.

①DeepAIIntegrationAcrosstheEntireIndustrialChain

TheCompanyhascomprehensivelyadvanceditsdigitalandintelligentmanufacturingstrategy.Itsnineself-developedinformationmanagementsystems—includingtheOAofficesystem,PMSprojectmanagementsystem,andMESproductionmanagementsystem—enableseamlessinformationexchangeandresourcesharingacrossdailyoperationsandtheentirecurtainwalllifecycle.

Inengineeringpractice,theCompanyhasdeeplyintegratedfull-processBIMapplication,3Dscanning,andreversemodelingtoenhancethepracticalapplicationofdigitaltwintechnology.BycombiningaBIMparametricdesignplatformwithAIintelligentalgorithms,ithasdevelopedanintegratedsolutionforintelligentcurtainwallconstructiondrawingdesignandprecisematerialcutting.Additionally,leveraginglightweightcomponentmodelsandQRcodetraceabilitytechnology,theCompanyhasestablishedacomprehensivedigitalcurtainwallconstructionsystemthatachievesend-to-enddataconnectivityacrossdesign,fabrication,andconstruction.Thissystemhasbeensuccessfullyappliedtomultiplelandmarkprojectsfeaturingsupertallstructuresandcomplexgeometries,includingShenzhenBayCulturalPlazaandFutianSmartPlaza.

Inproduction,theCompanypartneredwithHuaweiCloudtoupgradeitsmanufacturingbase'sMESsystem,integratingcoremodulessuchasproductionplanningandexecutioncontrol.ByfusingAIintelligentalgorithms,itbuiltanautomatedaluminumpanelunfoldingmodellinkedwiththeMESsystem,establishingadigitalcontrolcenterfortheentirealuminumpanelprocessingworkflow.Thishasrealizeddigitalprocessupgradesandrefinedclosed-loopmanagementofthefabricationprocess.Furthermore,theCompanyhasembeddedAItechnologyintocoreprocesseslikeproductionschedulingandqualityinspection.Bycombiningdeeplearningalgorithmswithhigh-precisionvisualrecognition,itisactivelyexploringscenario-basedapplicationsforaluminumpanelsurfacequalityinspection,effectivelyovercomingthelimitationsofmanualinspectionandsignificantlyenhancingproductionefficiencyandqualitycontrol.

Inthefieldofintelligentoperationandmaintenance,theCompanyhasinitiatedtechnicalcollaborationswithmultipledroneandroboticscompanies,achievingsuccessfulcommercialapplicationattheShenzhenGreaterBayAreaFashionHeadquartersCenterproject.

Moreover,theCompanyhasindependentlydevelopedandlaunchedseveralprofessionalcurtainwallAIagentscoveringdiverseofficescenariossuchasintelligentimageprocessing,copywritingassistance,engineeringdocumentretrieval,andfull-cycledesignmanagement.TheseAIagentsempowerend-to-endefficiencygains,comprehensivelydrivingthedigitalandintelligenttransformationofcurtainwallengineeringdesignandconstructionmethodologies.

②AcceleratingtheMarketTransformationofInnovationAchievements

TheCompanyactivelyrespondstonationalpoliciesonenergyconservationandcarbonreduction,focusingonkeyareassuchasgreenenergyefficiency,prefabricatedconstruction,high-performancenewmaterials,andpremiumcurtainwallsystems.LeveragingtheplatformadvantagesoftheGuangdongProvincialPrefabricatedBuildingCurtainWallEngineeringTechnologyResearchCenter,itcontinuouslyintensifiestechnologicalR&Dandproductinnovation,significantlyacceleratingthecommercializationofscientificandtechnologicalachievementsandbreakthroughsincoretechnologiestopreciselymeetthediversified,high-qualityapplicationrequirementsofglobalclients.

Inproductinnovation,theCompanyprioritizesthedevelopmentofnext-generationcurtainwallsystems,includingthenovelshadingandenergy-savingglasslight-wellcurtainwallsystem,AI-intelligentweather-responsivemotorizedcasementwindow

system,andultra-high-weatherabilitytitaniumhoneycombpanelsystem.Amongthese,theAI-intelligentweather-responsivemotorizedcasementwindowsystem—integratingAIalgorithmsandsmartsensingtechnology—hasbeensuccessfullyimplementedattheShenzhenBayCoastalBusinessCenterproject,furtherexpandingtheapplicationboundariesofintelligentcurtainwalltechnology.TheCompany'sself-developedproductseries—includingFangdaSystemLouvers,FangdaChannelEmbedments,andFangdaSystemWindows—havebeenwidelyappliedinlandmarkbuildingssuchasGuangzhouXiangjiangNo.1andShenzhenMedicalAcademy,empoweringpremiumarchitecturalqualitythroughtechnologicalinnovation.RelyingonChina'sfirstintelligentfullyautomatedaluminumpanelproductionlinebuiltindependentlybytheCompany,amajorbreakthroughin"MadeinChina"forintelligentaluminumpanelmanufacturinghasbeenachieved.Newproducts,includingultra-high-precisionprefabricateddouble-curvedaluminumpanelsandhigh-performance,ultra-weather-resistantcopper-finishbrushedaluminumpanels,haveenteredlarge-scalemassproduction.Notably,thecopper-finishbrushedaluminumpanels—apioneeringachievement—havebeensuccessfullyappliedtotheXiong'anHeadquartersProjectofChinaMineralResourcesGroup.Additionally,theCompany'sself-developedintegratedcorner-formingtechnologyforstone-effectroller-coatedaluminumpanelswasimplementedatscaleforthefirsttimeintheWuhanBusinessCollegeproject,successfullyachievingdomesticsubstitutionforimportedU.S.WhiteGranitematerial,therebysignificantlyenhancingsupplychainautonomy,controllability,andcorecompetitiveness.

Ininternationalmarketexpansion,theCompanycontinuouslylaunchescustomizedproductstailoredtoregionalmarketdemands.IntheAustralianmarket,theCompanystrictlyadherestotheAustralianStandardASNZS4284-2008"Testingofbuildingfacades,"independentlydevelopinganextra-largeseismic-resistantGRCgreenenergy-efficientunitizedcurtainwallsystem.Ithasalsocompletedcriticalperformancevalidations—includingCWCTsoft-bodyimpactandhailresistancetests—forterracottapanels,providingrobusttechnicalassuranceforthesafeandreliableapplicationofcurtainwallsystems.ThesetechnologieshavealreadybeensuccessfullydeployedinprojectsinMelbourneandBallarat.TheCompanyhasdevelopedaseriesofproductscompliantwithAustralianstandards,includingtheFD-WW115x70Bgreenenergy-efficientwindow-wallsystem,FD-CW145x90Agreenenergy-efficientunitizedcurtainwallsystem,high-performancedouble-layerrain-resistantventilationlouvers,andgreenenergy-efficientslidingdoors.TheseproductshavebeenappliedinprojectsinMelbourne,Australia,andBangladesh,continuouslyenhancingbrandinfluenceandmarketrecognition.IntheSouthAmericanmarket,targetingrailtransitandpublicbuildingscenarios,theCompanyhasspecificallydevelopeddistinctiveproductssuchasextra-largeenergy-efficientwindow-wallsystems,extra-largeterracottaunitizedcurtainwalls,andceramic-effectaluminumunitizedcurtainwalls.ItefficientlydeliveredthecurtainwallprojectforBogotáMetroStationinColombia,leveragingmaturetechnicalsolutionstoenterthehigh-endcurtainwallmarketinSouthAmerica.IntheMiddleEasternmarket,theCompanyhaspartneredwithalocalDubai-basedcurtainwallsystemsfirmandtheinternationallyrenownedconsultancyInhabittoco-developcustomizedsolutions—includinganovelenergy-efficientframingsystem,sand-resistantlouversystem,andenergy-efficientunitizedcurtainwallskylightsystem—tailoredtoregionalclimaticconditionsandproject-specificrequirements.Theseinnovationscomprehensivelyaddressthechallengesofhightemperaturesandsandstorms,establishingasolidfoundationformarketexpansionintheMiddleEastthroughlocalizedcollaborativeinnovation.

③SynergisticIndustry-Academia-ResearchCollaboration

TheCompanysteadfastlyadvancesdeepintegrationofindustry,academia,andresearch,activelybuildingacollaborativeinnovationecosystemlinking"universities–enterprises–industries."InR&Dtalentdevelopment,theCompanyregularlyorganizesinnovationtrainingsessionsandtechnicalexchangeactivitiesforemployees,invitingindustryexpertstodeliverlecturesandprovideguidance—broadeningstaffhorizonsandenhancinginnovativecapabilities.TheCompanyhasestablishedtalentcultivationcooperationframeworkswithmultipleuniversities,includingJinanUniversityandGuangdongPolytechnicCollege,tosecureasteadypipelineofR&Dpersonnel.Duringthereportingperiod,theCompanysuccessfullyobtainedapprovaltoestablishthe"ShenzhenPostdoctoralInnovationPracticeBase,"creatingapowerfulhubforattractingandnurturinghigh-endscientificresearchtalentanddrivingcurtainwalltechnologiestowardintelligentandgreendevelopment.Leveragingthisplatform,theCompanycontinuestointensifyR&Deffortsoncorekeytechnologies.Itstwoindependentlydevelopedinnovations—the"OffsetUpper-

LowerCurtainWallClosureSystem"andthe"Extra-LargeHigh-VanadiumCable-SupportedCurtainWallTechnology"—earnedtheCompanyinclusioninthe24th"ShenzhenEnterpriseInnovation(China)Records,"highlightingitssystematicandleading-edgetechnicalcapabilitiesincomplexcurtainwallengineering.

TheCompanyalsoactivelycontributesitsaccumulatedtechnicalexpertisebacktothebroaderindustry.Itssubsidiary,FangdaYunzhu,participatedindraftingtheindustrystandard"StandardTestMethodsforBuildingCurtainWallEngineering."Thiseffortnotonlyadvancestheupgradingofindustry-widequalityinspectionsystemsbutalsocontinuouslyreinforcestheCompany'sinfluenceandauthorityinindustrystandardization.

4.EnhancingtheGanzhouBasetoStrengthenFoundationsforIntelligentandGreenDevelopment

In2025,theGanzhouintelligentmanufacturingbasefocusedcomprehensivelyonmarketexpansion,technologicalinnovation,capacityupgrading,managementenhancement,andgreenmanufacturing—solidifyingthefoundationforhigh-qualitydevelopmentandcontinuouslystrengtheningitsindustrialcarryingcapacityandcorecompetitiveness.

Intermsofproductioncapacity,thebasehascommissionedadouble-curvedpanelproductionline,ahoneycombpanelprocessingline,andadedicatedplatformscreendoorproductionline.Bothdouble-curvedaluminumpanelsandhoneycombpanelsnowachievestablelarge-scaleproductionwithfullcoverageacrossallpaneltypes,stronglysupportingtheCompany'scompetitiveedgeinthehigh-endcomplex-shapedaluminumpanelmarketandlayingasolidcapacityfoundationforsustainedcorebusinessgrowth.

Regardingdigitalandintelligentempowerment,thenewMESplatformhasbeenfullylaunched,enablingdynamicreal-timemonitoringoftheentireproductionprocessandprecisecostaccounting,significantlyimprovingmanufacturingoperationalefficiency.TheCRMsystemhasbeensuccessfullydeployedandputintouse,continuouslyenhancingsalesmanagementanddata-drivencapabilities.Moreover,theindustry'sfirstfullyautomatedaluminumsingle-panelproductionlineinChinahasachievedlarge-scalemassproduction,simultaneouslyelevatingbothproductionefficiencyandproductquality.

Ongreenmanufacturingandcertificationsystems,theGanzhoufactoryhasbeenawardedmultiplerecognitions:High-TechEnterprise,"Specialized,Sophisticated,Distinctive,andInnovative"SME,JiangxiProvinceDigitalTransformationL6-LevelEnterprise,andPerformanceGradeBEnterpriseamongkeyatmospheric-emission-intensivesectorsinJiangxiProvince.Notably,itistheonlyenterpriseinZhanggongDistrict,GanzhouCity,JiangxiProvince,exemptedfrommandatoryproductionhaltsoroutputrestrictionsduringheavypollutionweatheremergencyresponses—providingrobustassuranceforuninterruptedproductionandefficientorderfulfillment.Additionally,thebasehassuccessfullyobtainedAlstomsupplierqualificationandISO3834-2internationalweldingsystemcertification.ItcontinuestomaintainrigorouscompliancewithISO9001,ISO45001,ISO14001,andLevel-3WorkSafetyStandardizationmanagementsystems,empoweringsteadyindustrialgrowththroughhigh-standardgovernance.

(3)Newenergyindustry

NewenergyisoneoftheCompany'skeybusinesssegments.TheCompanyactivelyrespondstoChina'snational"DualCarbon"strategy,positioningnewenergyasacriticalengineforgreentransformationandsustainabledevelopment.Beyondoperatingitsowndistributedphotovoltaic(PV)powerstations,theCompanyfocusesondevelopingBuilding-IntegratedPhotovoltaics(BIPV)solutionsforclients.AsoneofChina'searliestenterprisesengagedinBIPVtechnologyR&Dandapplication,theCompanyhasestablishedafull-industry-chainservicesystemcoveringdesign,manufacturing,integration,andoperation,accumulatingsignificanttechnologicalleadershipinthegreenenergysector.Duringthereportingperiod,theCompanysuccessfullydeliveredBIPVdistributedpowerstationsforprojectsincludingShenzhenLuhuCenterandGuangzhouKuGouMusicBuilding.Thephotovoltaicpowerstationscoveranareaofapproximately1,400squaremeters,withanestimatedaverageannualpowergenerationofabout230,000kWh—equivalenttosaving92tonsofstandardcoalandreducingCO?emissionsby230tonsannually—offeringareplicabletechnicalpathwaytowardurbanbuildingcarbonneutrality.

TheCompany'sself-ownedPVpowerstationprojectsinPingxiangandNanchang(JiangxiIsuzuAutomobileparkinglot),JiangxiProvince,andSongshanLakeBaseinDongguan,GuangdongProvince,continuetooperatereliably,generatingstableprofitsandcashflow.Duringthereportingperiod,theCompanyfullyutilizedtherooftopspaceoftheGanzhoufactorytoconstructadistributedPVpowerstationwithaninstalledcapacityof3,200kWp,expectedtogenerateapproximately3.52millionkWhannually.

Operatingunderthe"self-generationforself-use,surpluspowertogrid"model,over80%ofthegeneratedelectricityisconsumedon-siteduringpeak-loadperiods,reducingexternalelectricitypurchasesbyabout2.82millionkWhperyear—savingapproximately1,056tonsofstandardcoalandcuttingCO?emissionsbyroughly2,800tonsannually.AttheShanghaifactory,aPVpowerstationwithaninstalledcapacityof806.4kWpwasbuiltonthefacilityrooftops,projectedtogenerate887,000kWhannuallyandreduceCO?emissionsbyapproximately696tonseachyear.Lookingahead,theCompanywillcontinuedeepeningitsnewenergyindustriallayout,leveragingtechnologicalinnovationtoexpandPVapplicationscenariosanddrivingdeeperintegrationofgreenenergywitharchitectureandmanufacturing—contributingFangda'sstrengthtowardachievingChina's"DualCarbon"goals.(IV)CommercialManagementandServicesTheCompany'scommercialmanagementandpropertyservicesareprimarilylocatedinShenzhenandNanchang.LeveragingthegeographicaladvantagesoftheGuangdong-HongKong-MacaoGreaterBayAreaandthepolicydividendsfromJiangxiProvince's"StrongProvincialCapital"strategy,theCompanycontinuouslyenhancesassetoperationefficiencyandservicequalitythroughadual-drivenapproachof"precisepositioning+digitalempowerment."IntheShenzhenmarket,theCompanyfullycapitalizesonthecity'sconcentrationofinnovationresourcesandheadquarterseconomyadvantages.Throughinnovativeleasingstrategiesandoperationalupgrades,itconsistentlymaintainsoccupancyandleasingratesaboveindustryaverages.Bytheendofthereportingperiod,theFangdaTownprojectachievedasalesdecontaminationrateof98.84%andaself-ownedpropertyoccupancyrateof71.34%.TheFangdaTechnologyBuildinghadanoccupancyrateof82.21%.TheNanchangFangdaCenterprojectissituatedinthecoreareaofHonggutanCBD,benefitingfromsteadilyimprovingmarketexpectations.Asoftheendofthereportingperiod,itssalesabsorptionratestoodat46.83%,andtheoccupancyrateofself-heldpropertiesreached88.87%.TheCompanyiscomprehensivelyadvancingdeepintegrationof"AI+PropertyManagement,"reshapingserviceexperiencesanddrivingoperationalefficiencythroughdigitalmeans.Inparkingmanagement,theCompanycompletedtheintelligentupgradeoftheFangdaBuildingparkinglotandoptimizeditsonlinepaymentsystem,improvingserviceefficiencybyover60%.Inenergyconsumptionmanagement,AIalgorithmswereintroducedtooptimizetheoperatingstrategyofthecentralair-conditioningsystem,achievingacomprehensiveenergy-savingrateofover24%.Thepublic-arealightingsystemnowenablesprecisezonalandtime-basedcontrol,effectivelyreducingoperationalenergyconsumptionbyapproximately20%.Regardingcommercialfacilityoperations,theCompanyhascompletedtheintelligentretrofitofelevatoradvertisingdisplays,enablingremotecentralizedcontentmanagementandultra-fastdeployment—providinganefficientplatformforprecision-targetedadvertising.Goingforward,theCompanywillcontinueenhancingpropertyoperationalefficiencyandcustomerserviceexperiencebyleveragingintegrateddigitalandintelligenttechnologies.

ThespecialplanningworkfortheCompany'sHenggangDakangUrbanRenewalProjectinShenzheniscurrentlyunderway.

3.FinancialHighlight

(1)FinancialhighlightsinrecentthreeyearsWhethertheCompanyneedstomakeretroactiveadjustmentorrestatementoffinancialdataofpreviousyears

□Yes?NoInRMB

(2)QuarterlyfinancialhighlightsInRMB

Wherethereisdifferencebetweentheabove-mentionedfinancialdataorsumandrelatedfinancialdatainquarterreportandinterimreportdisclosedbytheCompany

□Yes?No

4.Shareequityandshareholders

(1)Ordinaryshareholders,preferenceshareholderswithresumedvotingrightsandtop10shareholdersInshare

Situationofsharelendinginrefinancingbusinessbyshareholdersholdingmorethan5%,thetop10shareholders,andthetop10

shareholdersofunrestrictedcirculatingshares

□Applicable?InapplicableChangesduetolending/returningofsharesinrefinancingbusinessbythetop10shareholdersandthetop10shareholdersofunrestrictedcirculatingsharescomparedtothepreviousperiod

□Applicable?Inapplicable

(2)Totalnumberofpreferredshareholdersandshareholdingoftop10preferredshareholdersbytheendofthereportperiod

□Applicable?InapplicableNoshareholderofpreferredsharesinthereportperiod

(3)ChartofthecontrollingrelationshipbetweenthepracticalcontrollerandtheCompany:

5.Bondsexistingontheapprovaldateofreport

□Applicable?Inapplicable

IIISignificantEvents

None

ChinaFangdaGroupCo.,Ltd.Legalrepresentative:XiongJianming

April8,2026

XiongJianmingShenzhenBanglinTechnologyDevelopmentCo.,Ltd.

ShenzhenBanglinTechnologyDevelopmentCo.,Ltd.ShengjiuInvestmentCo.,Ltd.

ShengjiuInvestmentCo.,Ltd.ChinaFangdaGroupCo.,Ltd.