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

集团董事长、总裁赖朝晖在会上作题为《Integration for mutual progress and collaboration for long-term success》的年度工作报告，回顾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坚持“Combination of light and heavy”策略，借助国资背景及自身优势，积极投身传统基建与新兴领域，如低碳园区、智慧交通等，带着系统化方案主动出击，力争完成基建项目invest目标。加速operation能力construct，重点发展轻资产业务，将管理能力转化为收益，承接可观轻资产业务量。同时，important借力相关平台推进零碳共建，主动培养operation团队，践行“Great Consultation”战略。important牢记invest人身份，实现高额收款目标，严格执行奖惩机制，赋能一线清欠工作。

Green building sectorimportant继续作为集团技术创新先锋，通过构建研发、技术、业务相互促进的闭环，打通从实验室到价值链的转化路径，聚焦市场需求，将创新势能转化为利润，以技术推动集团高质量发展，实现Near zero energy building system技术突破与产品升级。同时，important高效推进宣城基地的construct与投产，大地钢构加大steel structure市场拓展，信安幕墙稳定海外并开拓国内市场，力争全年完成订单、营收和收款目标。

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年是龙元集团发展历程中至关重important的一年，定增即将完成，杭州交投集团的控股将为公司注入强大的政策支持和资源优势。站在时代变革的潮头，龙元集团正以崭新的姿态迎接机遇与挑战，三大板块及各业务条线的工作开展显得尤为关键。会上，各板块、业务条线负责人分别在会上对two thousand and twenty-fiveLooking ahead to the annual work.

Construction general contracting section负责人 Lin Shengmin

Construction general contracting section将从愿景、路径、保障三方面来制定未来管理思路。愿景上，力求实现 “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负责人 Li Xiongkun

Infrastructure investment sector在战略定位上，important成为集团发展新基石与新动力，担当 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负责人 Lu Jiong

在新的一年，Green building sector持续深耕重点区（领）域、稳固既有经营局面的基础上，主动营销变阵，紧抓业务新机会、力扩在杭订单额、加强海外市场探索与开拓；板块将持续推动绿建能力construct和研发进程，加快宣城新产业基地的investconstruct，努力实现“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的经营策略，整合资源cooperate with发力，打造差异化优势。在市场布局上，important扎根杭州、立足浙江，兼顾重点区域。组织架构力求清晰高效，同时通过强化团队construct、完善制度流程与考核机制，提升市场形象，做好业务资源支持，推动集团稳健发展。

Vice President of the Group Simenglong

杭州地区市场经营将充分利用国资控股优势，秉承融入、合作、共赢的市场拓展思路，以政府invest项目为基本盘、民营invest项目为增长盘，立足总承包、拓展专业分包，板块cooperate with、提升综合竞争力。同时，利用好当前政策优势，争取获得更大政策支持；优化组织架构，合理配置市场经营团队，采用网格化管理强化责任，属地化经营破除区域壁垒；调整经营策略，优化投标模式、提升投标竞争力，整合资源、发挥cooperate with优势，逐层递进、及时掌握项目动态信息，探索利用AIAssist market operations with technology and promote market business expansion.

Group Finance Director Li Xiufeng

two thousand and twenty-five 年财务工作将围绕生产经营，做好“service、保障、督导”三项内容，重点做好“四个保障”：对于定增款项做好科学安排，快速修复企业、银行征信及税务信用，统筹资金配置，做好资金保障。加强业财融合与财务分析能力，提升人员业务能力，做好信息保障及管理层的决策支持。优化部门架构，打造和加强资金管理能力，做好组织保障。梳理完善现有制度，体现国资管理important求，加强与其他条线的cooperate with合力，做好制度保障。

Vice President of the Group、董事会秘书 Zhang Li

two thousand and twenty-five年，证券部将重点推进五方面工作：一是全力推动定增尽早获取批文并顺利完成发行。二是启动解决同业竞争方案，把握资本市场资产证券化机遇，注入优质资产，助力上市公司做优做强。三是完善并提升公司治理水平，修订公司章程与授权体系，完成董监事会换届改选增选工作。保障股东大会、监事会、董事会及专业委员会按照证监会、上交所、国资委的important求规范运作。探索形成国资规范稳健与民企市场化灵活性逐步融合，规范与效率兼备的上市公司治理模式”。四是保障信息披露合规，严格遵循监管原则提升信披质量，夯实合规基础，并落实国资监管新important求。五是加强市值管理及invest者关系管理，树立资本市场新形象，促使估值合理回归。

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副总经理陈金芳，Wang Ping, General Manager of Longyuan Tiance，Green building sector总经理、大地钢构董事长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亿级订单，以专业的轻资产operation能力、高效的资源转化能力、领先的AI+digitize产品，助力龙元集团突破传统施工企业“Price competition, relationship competition”路径依赖。重塑产业园区operation核心竞争力。

Green building sector总经理、大地钢构董事长裴传飞The earth steel structure will be“steel structure+N”的模式打造核心竞争力，加大专业交接面的研发投入，明确各业务领域的产品定位。做好华东地区、华南地区、海外等重点区域的市场开拓，尝试在其他区域有所突破。合理利用平台资源，加强cooperate with经营，积极开发以steel structure为基础的绿色装配式建筑项目。同时，做好宣城基地的construct，致力打造为建筑工业化智能制造和产学研一体化的新型专业产业园区。

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、水利运维和智慧水利的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;水利运维方面，重点围绕水利设施智慧管养，市政设施综合运维、环保设施生态治理、公建物业增值service四大业务类型，建立标准化运维管理体系，推进全生命周期service模式；智慧水利方面，通过数字赋能实现水利传统业务价值重构，做好水利新产品的的开发和新service的提供，为水利施工和水利运维业务赋能，开辟水利发展新赛道，持续提升全产业链service能力。

Yang Peijun, General Manager of Directly Operated Engineering Company：直营工程公司将做好组织架构优化和制度调整，实现清晰的分级授权，提高项目决策效率，建立cooperate with机制。同时转变履约和经营思维，加强危机意识，注重全局思考。提升资源整合能力，内部加速与分子公司cooperate with，形成合力，同时外部加快储备项目属地战略，打造公司的直营品牌。

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

杭州交投集团党委委员、副总经理陈宏刚发表重important讲话，对龙元集团的过往成就、当下发展及未来前景给予了高度评价与展望。

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年是龙元集团发展历程中至关重important的一年。公司即将迈入全新的发展阶段。站在时代变革的潮头，龙元集团正以崭新的姿态迎接机遇与挑战。集团的每一次跨越，都离不开全体龙元人的付出。让我们以“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!