On April 28, 2026, FARET Group successfully held its 2026 First Quarter Innovation Management Review and Outstanding Innovation Proposal Awards Ceremony. Representatives from all bases joined the meeting via simultaneous online connection. Members of the Group Innovation Management Expert Panel, Innovation Management Committee, innovation leaders from various business units and centers, as well as award-winning proposal contributors gathered together to review innovation achievements, honor outstanding contributors, and empower the Group' s high-quality development through collective innovation.

Awards & Recognition

·First Prize for Outstanding Innovation Proposal ·

·Second Prize for Outstanding Innovation Proposal·

·Third Prize for Outstanding Innovation Proposal·

·Outstanding Innovation Proposal Team Award·

These honors not only recognize employees'  innovation initiatives and dedication to excellence, but also represent expectations for continuous breakthroughs and pursuit of perfection. The awards inspire all FARET employees to benchmark against excellence, further deepen innovation practices and efficiency improvements, and work together on the path of company-wide innovation to build a brighter future for the Group.

Quarterly Innovation Management Review

·Ms. Lin Li, Director of the General Office, FARET Group·

Ms. Lin Li, Director of the General Office of FARET Group, delivered a comprehensive summary of the Group' s innovation management work for the first quarter of 2026. She systematically reviewed the achievements of each center and business unit in innovation proposal submissions, while accurately analyzing existing issues and areas for improvement. The review objectively identified opportunities for enhancement and clarified the direction for future innovation initiatives, further improving the Group' s innovation management system and promoting efficient implementation and continuous advancement of innovation efforts.

Introduction to the Innovation Management Platform Process & Functions

·Mr. Wang Haiquan, Information Center, FARET Group·

During the conference, Mr. Wang Haiquan from the Information Center of FARET Group provided a comprehensive introduction to the full operational procedures and core functional modules of the Innovation Management Platform. He clearly outlined the standardized process for innovation proposals from submission to review and gave a detailed explanation of the platform' s key functions. This provides strong support for advancing the Group' s innovation work toward normalization, systemization, and digitalization.

Summary & Outlook — Speech by the Group General Manager

·Mr. He Yaoxing, General Manager of FARET Group·

Mr. He Yaoxing, General Manager of FARET Group, extended congratulations and appreciation to the winners of the first quarter Outstanding Innovation Proposal Awards and to all employees who participated in innovation initiatives. He emphasized that the conference served not only as a review meeting, but also as a mobilization for future innovation efforts.

Mr. He highly recognized the achievements made in innovation work during the first quarter and stated that in the second quarter, the Group will further optimize incentive mechanisms and strengthen the implementation of innovation outcomes. At the same time, he pointed out existing shortcomings and encouraged all employees to regard innovation as a core competitive advantage, tap into internal potential, unite efforts, achieve breakthroughs, and support the company’s steady growth and future success.

The successful convening of this Innovation Management Review and Outstanding Innovation Proposal Awards Ceremony marks another important step in FARET Group' s ongoing commitment to innovation management. Looking ahead, the Group will continue leveraging its digital innovation platform to stimulate company-wide innovation vitality, drive development through innovation, empower industry through intelligence, and steadily move forward toward high-quality development and greater achievements.