FARET Group Successfully Convenes 2025 Annual Summary & 2026 Business Plan Conference

From January 19 to 20, 2026, the FARET Group 2025 Annual Summary & 2026 Business Plan Conference was successfully held. Leaders from all group centers, business units, and management teams gathered to comprehensively review the Group' s development journey in 2025, summarize practical experience, and deploy strategic plans for 2026.

Mr. He Yaoxing, General Manager of FARET Group, fully recognized the achievements of each business unit and functional center over the past year. At the same time, he conducted in-depth analysis from multiple dimensions, identifying areas for improvement and future development directions. Mr. Zhang Jianfa, Chairman of FARET Group, attended the meeting and, after listening to the reports, highly praised the accomplishments achieved in 2025. From a strategic and holistic perspective, he provided key guidance for the Group' s next stage of development, focusing on industry trends, competitive landscape, and strategic opportunities.

Innovation-Led · Steady Progress

Highlights from the FARET Annual Summary Conference

During the conference, heads of various centers and business units delivered presentations in succession. Supported by detailed data arepresentative case analyses, they comprehensively reviewed the achievements of 2025. While highlighting outstanding results and valuable experience, the reports also deeply explored the underlying logic and core driving factors behind these achievements, laying a solid practical foundation for the Group' s long-term development.

Sales Company Summary Report

Tianjin Business Unit Summary Report

Guangdong Business Unit Summary Report

New Energy Business Unit Summary Report

Information Center Summary Report

Human Resources Center Summary Report

R&D Center Summary Report

Procurement Center Summary Report

Dawang Infrastructure Summary Report

Finance Center Summary Report

Annual Summary by the Group General Manager

In his 2025 annual summary report, Mr. He Yaoxing systematically reviewed the implementation results of the Group’s annual operating guidelines, comprehensively summarized the breakthrough progress achieved in overall performance improvement and organizational transformation, and highly commended the contributions made by all business units and functional centers.

Entering a new stage of development, the report further focused on six core strategic themes—safety, quality, market, R&D, organizational transformation, and innovation strategy. It emphasized that amid a complex and rapidly changing business environment, continuous innovation, management iteration, and team empowerment are critical pillars for building long-term competitiveness. At the same time, the report objectively identified areas for improvement across business and functional units, clarifying direction and building consensus for the Group’s next phase of high-quality development.

FARET Group General Manager' s Summary Report

Leadership Address

— Release of FARET Group 2026 Business Plan

At the conference, Mr. He Yaoxing officially released the FARET Group 2026 Business Plan, clearly defining “Innovation-Led, Steady Progress” as the strategic guiding principle.

Innovation and stability represent the dual core values of the Group' s development. Mr. He emphasized that “innovation” is the driving engine, while “stability” is the steering wheel. Together, they form FARET' s dual strategic drivers—enabling the Group to seize opportunities through innovation while mitigating risks through steady execution in a fast-changing market. He also systematically deployed the Group' s key strategic priorities for 2026, outlining a clear and actionable path to address market challenges and achieve sustainable growth.

Leadership Address

— Speech by Chairman Zhang Jianfa

Chairman Mr. Zhang Jianfa expressed sincere gratitude to all employees on behalf of the Group for their hard work and dedication. He noted that despite a complex and volatile external environment and industry challenges over the past year, FARET employees demonstrated remarkable resilience and fighting spirit, working together to overcome difficulties and successfully achieve annual business targets. These achievements, he emphasized, were hard-won and embodied the wisdom and effort of every FARET member.

Looking ahead, Chairman Zhang pointed out that while the market environment remains challenging, it also presents significant strategic opportunities. As the opening year of China' s 15th Five-Year Plan, policy directions are clear and industrial opportunities are well defined, providing important guidance and broad space for enterprise development.

He called on all employees to maintain strategic focus, strengthen confidence, and proactively face challenges. Chairman Zhang stressed that the Group must closely align with national strategies and market trends, focus on core capability building, develop differentiated high-value product portfolios, continuously strengthen technological accumulation and brand value, and systematically enhance overall competitiveness. Only by driving development through innovation and securing the future through solid execution can FARET move forward steadily amid transformation and jointly create a new chapter of high-quality growth.

Appointment of FARET Group General Manager for 2026

Witnessed by all FARET employees, Chairman Zhang Jianfa formally presented the 2026 Group General Manager Appointment Letter to Mr. He Yaoxing.

This reappointment represents the Board' s full recognition of Mr. He' s outstanding leadership and contributions over the past year, as well as continued trust in his responsibility for guiding the Group' s development. In the new year, the Group looks forward to continued leadership under Mr. He as FARET advances toward new milestones of high-quality growth.

Appointment of 2026 Group Center and Subsidiary Heads

In response to FARET Group' s 2026 strategic upgrade and to support high-quality development, the conference officially announced a new round of appointments for Group centers and subsidiary leaders. Mr. He Yaoxing presented appointment letters to the responsible leaders, marking the beginning of a new chapter in the Group' s development.

Under collective witness, Chairman Zhang Jianfa and General Manager He Yaoxing jointly signed the 2026 Operating Target Responsibility Agreement. Chairman Zhang then solemnly handed over the symbolic flag of FARET' s new strategic journey to Mr. He. Receiving the flag also meant accepting the command baton for leading FARET toward success in 2026. Mr. He will lead the entire team to strive relentlessly to achieve the annual objectives.

Signing of Target Responsibility Agreements by Group Subsidiaries

Guangdong Fasti Technology Co., Ltd. & Zhaoqing Dawang Xiongba Changsheng Trading Co., Ltd.

Guangdong ODIS Technology Co., Ltd.

FARET Automotive Radiator (Tianjin) Co., Ltd.

Guangdong FARET Automotive Radiator Co., Ltd.

Guangdong Farunda Technology Co., Ltd.

Group Centers Signing Target Responsibility Agreements

— FARET Group Centers

Under the leadership of General Manager He Yaoxing, all subsidiary and center heads signed their annual target responsibility agreements and collectively received the symbolic flag of strategic mission. This marked the full launch of FARET Group’s 2026 target-driven campaign. With firm determination, leaders will transform pressure into momentum and challenges into stepping stones, demonstrating the unity and fighting spirit of the FARET team.

Looking Ahead to 2026

In 2026, FARET Group will uphold the annual guiding principle of Innovation-Led, Steady Progress, adhere to innovation-driven development and win-win cooperation, and leverage digital empowerment and technological breakthroughs to accurately seize opportunities amid industry transformation—turning market uncertainties into growth momentum.

Facing an increasingly complex competitive landscape, the Group remains confident and committed to consolidating core advantages, deeply cultivating the intelligent low-carbon thermal management sector, and building a more resilient development foundation through technological iteration and business model optimization.

FARET Group will continue to advance steadily through opportunities and challenges in 2026, climb to new heights, and write a new chapter of high-quality development—moving toward a more efficient, lower-carbon, and more sustainable future in the intelligent low-carbon thermal management industry.