On July 4, the 2026 Mid-Year Conference of Root Group was grandly held at the Group’s Shanghai Headquarters.Core management teams from the Group’s four business segments — Root, Anxing, Hino and Chengdu Root — gathered in Shanghai. They comprehensively reviewed the operating profit performance of the first half of the year, clarified the medium and long-term strategic implementation roadmaps for each segment, and optimized the company-wide performance appraisal and incentive system. The conference aligned the team’s thinking and consolidated consensus to drive high-quality development of the Group.

At the opening of the conference, Mr. Gao Haibin, General Manager of Root Group, delivered an opening address and keynote speech for this mid-year meeting. He elaborated thoroughly on the core objectives of the conference, clarified key tasks for all departments, and sorted out the underlying logic for the Group’s long-term development.

Address by Mr. Gao Haibin, General Manager of Root Group

Subsequently, persons in charge of each business segment delivered work reports in sequence, presenting comprehensive and detailed elaborations and summaries covering first-half-year operational data, medium and long-term strategic plans, and performance optimization proposals.In response to the reports from each segment, Mr. Zhu Zhenyu, Chairman of Root Group, and Mr. Gao Haibin, General Manager of Root Group, offered respective comments. They fully recognized the operational achievements of the first half of the year, and emphasized deepening the reform of talent mechanisms, fully rolling out standardized post assessments, and establishing a fair and rigid assessment management system. They also stressed refining the incentive system, expanding the coverage of equity incentives, building a sharing platform for hardworking employees, and adopting a talent evaluation standard centered on competence, reliability and excellence.

Speech by Mr. Zhu Zhenyu, Chairman of Root Group

In addition, the grand equity incentive awarding ceremony was held during the conference. Throughout Root Group’s development, we have always adhered to the development philosophy of shared growth and mutual benefit. The equity incentive program aims to build a platform for core backbones to achieve long-term career growth and share corporate gains, further consolidate talent resources and stabilize the core team.Representatives eligible for equity incentives shared their insights on personal growth and career aspirations based on their work experience. They pledged to stay dedicated to their posts, take on responsibilities proactively, forge ahead hand in hand with the Group and pursue win-win development together.

Strong winds propel a thousand sails forward; hundreds of boats race ahead with vigorous oars.Standing at this pivotal mid-year juncture that links the first half and the second half, Root Group takes this conference as a brand-new starting point. We will unite all staff to consolidate operational foundations. Guided by scientific and well-defined development strategies, refined performance and incentive systems, and a pragmatic work ethic, we will spare no effort to hit all business targets, deepen our presence across all business segments, and write a new chapter of steady and sound growth for the Group.