On January 15, Fehorizon’s 2024 year-end working conference of key positions was convened in Shanghai. Chairman of the Board of Directors, Executive Director and CEO of Fehorizon Mr. Kong Fanxing attended the conference and made a summary speech. Executive Director and CFO Mr. Wang Mingzhe of Fehorizon presented the Budget Implementation and Performance Analysis Report, and Vice President of Fehorizon and General Manager of Strategy Center Mr. Xu Huibin delivered the Environmental Analysis and Strategic Upgrade Report. The conference was also attended by over 200 managerial personal including company leaders and employees of various business and functional directions on site or through video.

Continuing the theme of mid-year conference convened earlier, this conference still has a “new” core. With focus on “New Era, New FEHORIZON,” it demonstrates how the Company makes a correct assessment of the situation and seeks changes through exploration as it has always been doing over the past year, facing up to the opportunities and challenges of the new era and striving to create a new Fehorizon persistently.

New Business Mode Demonstrates Great Vitality; Financial Development Holds a Promising Future

In the financial report, Executive Director and CFO of Fehorizon Mr. Wang Mingzhe pointed out that throughout the year, the traditional business sector practiced the Company’s strategy unswervingly and “held the field” eventually. In the independent sector, multi-level development of inclusive finance customer groups was achieved while the basic operation philosophy still remains effective; Fehorizon AMC reshaped its business strategy, and preliminary results were achieved in asset investment; CDHORIZON’s overall strategy adapted to environmental changes, with product input and service capability remaining in the lead; HCHORIZON’s cost reduction and efficiency enhancement proved remarkably effective. Meanwhile, the Company’s whole-new business mode has demonstrated advantages of great vitality. All of these are only the first step of the evolution of the Company’s financial gene; its financial development holds a promising future. 

Targeting the requirements for 2025, the report pointed out that in all directions, we must race against the time and go all out in the new year. Relevant directions of the “9500 ecology” must make concerted efforts towards a common goal; in the city direction, upgrade and update must be realized, with the overall task being adjusted constantly; the independent sector should accelerate its own iteration; the functional department of the headquarters must completely change its operating condition, transform itself towards a service-oriented one, and construct a functional B2C service assurance system.

Fehorizon Officially Enters 3.0 Era—Comprehensively Reshaping and Constructing a New Ecosystem

In the strategic report, Vice President of Fehorizon and General Manager of Strategy Center Mr. Xu Huibin systematically reviewed the history of the Company’s development in pace with the environment. Fehorizon has successively gone through the 1.0 Era of insolvency when the Company was on the verge of bankruptcy during the initial period of founding and the 2.0 Era of high-speed development and self-establishment since its relocation to Shanghai. In 2024, the Company once again broke away from convention and blazed a trail that leads to the 3.0 Era!

The 3.0 Era of Fehorizon is a new era for its people to say farewells to the past and start a new revolution—a new era of self-denial and systematic remodeling while striving to construct a brand-new business ecosystem.

l  Strategic rebirth: Surrounding the brand-new business ecosystem, form close interaction, co-existence and co-prosperity with customers through one-stop integration of global resources, and achieve unique value discovery, exchange and value-added way.

l  Systematic reconstruction: Through organizational restructuring with intensive regional efforts and operation remodeling with service assurance at the core, promote comprehensive upgrade of the management system to match the brand-new business ecosystem.

l  Team recasting: Create an elite team with an open-minded talent strategy, with each member being a fierce warrior; transform the philosophy of team management and advocate employee self-governance with each employee assuming responsibility for themselves.

At the same time, the conference report put forward specific requirements for business development in all directions in the new year, demanding that the Company jump into action and do its best!

Firmly Implementing Comprehensive Strategic Upgrade and Together Seeking Fehorizon’s Path of Development

In the afternoon of the same day, various leaders of the Company reported on their work with focus on their respective areas of responsibility. Focusing on “internationalization, marketization and specialization” and “dual services” as well as the construction of a whole-new business ecosystem, they summarized experience, analyzed deficiencies and planned development.

The attending leaders believed that the Company has the remarkable gene of self-revolution. Today, the construction of its whole-new business ecosystem is already in full swing with initial success achieved; the advanced nature of strategy, the effectiveness of competition and the continuity of service have been preliminarily verified. In 2025, only by fully focusing on business ecosystem construction and firmly implementing strategic upgrade can Fehorizon stand ahead of the tide.

CEO Mr. Kong Fanxing:

Deeply Understanding “Internationalization, Marketization and Specialization” and “Dual Services” and Embarking on a New Journey with a New Strategy

At the end of the conference, concluding remarks were given by Mr. Kong Fanxing, Chairman of the Board of Directors, Executive Director and CEO of Fehorizon.

Mr. Kong indicated that the Company’s strategic direction with “internationalization, marketization and specialization” and “dual services” as the core has been verified to be correct and effective, which injects vitality and confidence into the future development of Fehorizon. 

1. Developing Towards Greater Openness from Closure under the Strategy of “Internationalization, Marketization and Specialization” and “Dual Services”

According to Mr. Kong, to flourish continuously we must conquer ourselves, leave the comfort zone and enter a new world. As a Hong Kong-listed company, we should exploit the advantages of our domestic and overseas linkage, and offer clients unique integrated services with an open mind and system, thereby building the future    of Fehorizon.

2. Exploiting the “Uniqueness” of Strategy and Serving Enterprises Full of Vitality  

Mr. Kong indicated that the service philosophy and service logic under the strategy of “internationalization, marketization and specialization” and “dual services” are unique. On the one hand, it originates from the industrial service accumulated by the Company over the past decades; on the other hand, with its unique advantages of internationalization, marketization and specialization, Fehorizon can closely integrate domestic & overseas, B-end & C-end as well as financial & non-financial resources to provide comprehensive services for enterprises, entrepreneurs and their families, which is unparalleled throughout the market.

3. Fully Satisfying the Inflexible Demand of Clients through Strategic Upgrade

After its strategic upgrade, with a whole-new organizational structure and operating pattern, Fehorizon can be called a “whole-new life form”. Mr. Kong said, for entrepreneurs full of vitality, the new Fehorizon is capable of connecting them with each other and fully satisfying their inflexible demand. 

4. Serving New Client Bases Well in the Industrial Direction and Maintaining the Formation in Other Directions

Mr. Kong pointed out that, in the industrial direction, we must strive to seek enterprises of vitality, and serve whole-new clients with our new service system; in other directions, while maintaining our formation, we must endeavor to assist the industrial direction to perfect customer services and plan the Company’s development as a whole.

In the end, CEO Mr. Kong encouraged the people of Fehorizon to brighten up their spirit, fight relentlessly and always strive for a better tomorrow, to advance triumphantly by transcending themselves and leave no regrets for their own lives and Fehorizon’s development!