On July 11, Far East Horizon held its 2025 mid-year work conference for key positions in Shanghai. Kong Fanxing, Chairman of the Board of Directors, Executive Director, and Chief Executive Officer of Far East Horizon, attended the meeting and delivered an important speech. Wang Mingzhe, Executive Director and Chief Financial Officer, presented the Budget and Performance Analysis Report, while Xu Huibin, Vice President and General Manager of the Strategy Center, delivered the Environmental Analysis and Strategic Review Report. More than 200 managers from various business and functional units participated both on-site and via video links across over ten branch venues in Hong Kong, Beijing, Guangzhou, and other locations.

Strategic Momentum Continues to Build, New Business Ecosystem Drives Operational Growth

Amid a new phase in the global economic landscape, Far East Horizon, having entered the 3.0 Era, continued to adapt to environmental changes in the first half of the year, undergoing comprehensive transformation and reinvention. In the strategic report, Xu Huibin, Vice President and General Manager of the Strategy Center, emphasized that under the efforts to construct a new business ecosystem, the strategic blueprint of the new Far East Horizon has taken shape. Particularly in the industrial services sector, the company has revolutionized its approach by overturning past risk control logic, abandoning singular price competition, breaking away from traditional operational methods, and redefining value creation. By integrating domestic and international resources in a groundbreaking manner and providing holistic services centered on "individuals, families, and enterprises," the company has achieved value output, transmission, and exchange, fostering long-term symbiosis, co-creation, and shared success with China’s outstanding industrial enterprises.

The Mission Remains Unchanged, the Purpose Endures. Guided by the corporate mission of "Pooling Global Resources, Empowering Industrial Development," the company has once again validated the correctness, effectiveness, and remarkable results of its new strategy by accompanying top-tier enterprises through cyclical challenges. This marks an epoch-making breakthrough since the company’s relocation southward, further unleashing its strategic momentum and establishing a virtuous cycle within the new ecosystem.

However, external challenges remain severe, and progress across different sectors varies in pace. The conference report emphasized that the second half of the year demands unwavering focus on objectives and a full-force sprint from all employees!

Financial Performance Tested, Core Business Achieves Milestone Progress

"Always understand the environment and insist on model-driven development," emphasized Wang Mingzhe, Executive Director and Chief Financial Officer, in the financial report. He noted that through strategic leadership and united efforts, the company's overall performance in the first half of the year withstood challenges, with the 9500 ecosystem direction achieving milestone progress.

In terms of performance across business segments, the industrial services sector achieved transformative breakthroughs through precise strategic execution, ecosystem interconnectivity, and continuous individual contributions. Meanwhile, the urban services sector methodically completed current tasks, thereby stabilizing the traditional financial business. Independent business units demonstrated self-sufficient operational capabilities, each showcasing strengths in advancing strategic objectives, improving management efficiency, and enhancing financial outcomes.

The report stressed that "adhering to strategy is the only path forward." In the second half of the year, all divisions must remain unwavering in pursuing their targets and jointly drive the company toward renewed growth momentum.

Resolutely Executing Corporate Strategy, Striving to Achieve Annual Goals

In the afternoon, company leaders delivered work reports based on their respective responsibilities, conducting in-depth analyses of strategic implementation results from the first half of the year. Attending executives unanimously agreed that despite severe environmental challenges, the company's steady performance and continuous success stories—underpinned by its evolving new business ecosystem—prove the correctness, foresight, and indispensability of its strategy.

"Completely breaking from the past and embracing innovative revolution is the only choice for long-term survival," they affirmed. The leadership concluded that in the second half of the year, all business units must steadfastly align with the new business ecosystem, abandon outdated thinking entirely, and race against time with the zeal of "a second startup." Together, they will propel the company to break through harsh market conditions, ensure full-year targets are met, and contribute to sustainable development in the 3.0 Era.

President Kong Fanxing:

Understand the Environment, Firmly Believe in the Effectiveness of the Strategy

Race Against Time, Scale New Heights in the Company's Development

At the conclusion of the conference, Kong Fanxing, Chairman of the Board of Directors, Executive Director, and Chief Executive Officer of Far East Horizon, delivered a closing speech. Facing the pleasantly surprising mid-year report card, President Kong first expressed the highest respect and heartfelt gratitude on behalf of the Board of Directors and management to all Far East Horizon employees fighting on various fronts, in various regions, and across all positions domestically and internationally!

1.     Deeply Understand the Current Environment, Fully Prepare for Long-Term Adaptation

In the face of the new environment, all enterprises must find their new positions. As a model-driven enterprise, we have precisely determined Far East Horizon's coordinates in the new environment through multidimensional, cross-industry iterative upgrades. President Kong emphasized that Far East Horizon employees must face this entirely new and unfamiliar environment with a resolute mindset and prepare for long-term adaptation. Reaching a consensus on environmental understanding is a crucial prerequisite for subsequent actions.

2.     The New Business Ecosystem Is The Company's Long-Term Future Operational Model, With Its Effectiveness Being Indisputable

President Kong pointed out that the company's current strategy involves doing some things while abstaining from others—it is neither expansion nor contraction, but strategic focus. This focus cultivates the company's resonance capability with the market, giving rise to the new business ecosystem. President Kong stated that the effectiveness of the new business ecosystem has been fully validated, and it is also the commercial model that the company must adhere to in the long term.

3.     The New Business Ecosystem Creates a Long-Term Career Stage Worthy of Far East Horizon Employees' Dedication

Under the new business ecosystem, Far East Horizon not only assists veteran employees in making splendid transitions but also provides a platform for striving for more seasoned professionals in the market, predominantly those born in the 1980s. President Kong stated that it is precisely these visionary individuals, midway through their lives yet undiminished in ambition, who uphold the company's development. The company, in turn, will undoubtedly provide them with solid and enduring support. As the strategy continues to mature, the company will balance social recruitment and fresh graduate recruitment in the future, ensuring orderly generational succession of talent at Far East Horizon, perpetuating its vitality.

4.     In the second half of the year, the industrial services sector remains the top priority, while the urban services sector will initiate specialized research.

President Kong stated that the industrial services sector must accelerate its pace, continuously refine entrepreneur services, and ensure smooth transition between phases. The urban services sector will launch specialized research to explore future operational models for urban business and consider iterative upgrades in service methodologies.

Face the new era head-on, reshape the new Far East Horizon. In conclusion, President Kong encouraged all Far East Horizon employees to remain steadfast in their strategy, redouble their efforts, accelerate the pace, race against time, and strive to elevate year-end performance to new heights.