When the bells of the New Year 2025 rang, did they open a turbulent era full of uncertainty, or did they usher in a new journey of innovation and development? This is not only a question that China’s economy—facing structural and cyclical adjustments—must answer, but also a challenge and choice that everyone at Wenma must confront.

Peter Drucker, the father of modern management, pointed out in Management in Turbulent Times: “The greatest danger in times of turbulence is not the turbulence itself, but rather continuing with the logic of the past.” In an era of rapid change, the real challenge facing organizations and individuals is not the uncertainty of the external environment, but clinging to outdated ways of thinking and behavior.

Guided by Dale Carnegie Training, our Board organized a core team strategy seminar at the beginning of the year. Through several days of closed-door discussions, we unified our thinking: the essence of a turbulent era is a transformation of underlying logic. If we continue to use past experiences, rules, or strategies to address new problems, it will lead to decision-making failures, resource misallocation, and even disruption.

We established a development strategy of proactively responding to changes, transforming environmental turbulence into innovation opportunities rather than passive defense, and determined to go overseas along the Belt and Road as the company’s unwavering strategic direction.

When the New Year 2026 bells ring, we have delivered a proud report card. In regions including Hong Kong, Malaysia, Qatar, Saudi Arabia, and the UAE, we have achieved localized operations. To adapt to our overseas strategy, the company has reshaped its organizational structure and culture, focusing on building the core capabilities of each business unit.

We have not only rapidly established infrastructure and management teams and won various “must-win” battles, but each business unit has also achieved profitability in its first year. These achievements were made possible by the management and all employees overcoming numerous difficulties and working collaboratively. We have not only gained performance but also cultivated an excellent management team oriented towards the global market. This is the true value of the company and the foundation for sustainable development.

In the New Year, we will continue to steadfastly execute our overseas strategy, build product and organizational capabilities suited to the global market, rapidly expand our operational results, and achieve comprehensive positive growth. On this occasion of bidding farewell to the old and welcoming the new, the Board and management extend our sincere thanks and best wishes to our clients, teams, partners, and shareholders.