01 FEHORIZON Convenes 2025 Year-End Work Conference

On February 6, FEHORIZON held its 2025 year-end work conference for key positions in Shanghai. The conference noted that through three years of dedicated efforts, the company has been "building a new ecosystem upward and creating new models downward," achieving effective strategy implementation and establishing differentiated competitive advantages in a complex environment. Kong Fanxing, Chairman of the Board of Directors, Executive Director and Chief Executive Officer, stated at the conference that in 2025, the company achieved profitability across all business units—a milestone no less significant than its listing year—fully demonstrating the value of our "being needed by society." President Kong also encouraged all FEHORIZON employees to adapt to the new environment with a resolute mindset, enhance cognitive abilities through continuous learning, implement all tasks with collaborative determination, achieve mutual growth with the company, and continue forging ahead!

02 FEHORIZON Inclusive Successfully Issues the Second Small and Micro Targeted Asset-Backed Notes of 2026

On February 6, FEHORIZON Inclusive successfully issued the second small and micro targeted asset-backed notes of 2026, with a total issuance scale of 2.1 billion yuan. The successful issuance provides solid resource support for achieving a strong start in the inclusive finance segment for 2026 and represents another significant breakthrough for the inclusive finance sector in the capital market. It marks the transition of its asset securitization into a new phase of normalized issuance, fully demonstrating the market's high recognition and sustained confidence in FEHORIZON Inclusive's existing and future asset quality, stable operational capabilities, and brand value.

03 Portfolio Company of FE ZENITH CAPITAL, Insight Lifetech, Successfully Lists on the STAR Market of Shanghai Stock Exchange

On February 5, Insight Lifetech Co., Ltd., a portfolio company of FE ZENITH CAPITAL—a wholly-owned specialized private equity investment institution under FEHORIZON—successfully listed on the Science and Technology Innovation Board (STAR Market) of the Shanghai Stock Exchange. Insight Lifetech has become the first medical device enterprise to successfully go public under the fifth set of listing standards of the STAR Market after their reinstatement, and it is also the first medical device company to successfully list on the STAR Market since 2024. The team at FE ZENITH CAPITAL has consistently tracked the development of Insight Lifetech, investing in two consecutive rounds to support the company's growth. On the listing day, Insight Lifetech's issue price was 17.52 yuan per share, and the opening price was 50.31 yuan, representing an increase of 187.16% compared to the issue price. Calculated based on the opening price, the company's market value exceeded 20 billion yuan.

04 KHL Group Visits CDHORIZON Thailand Business Department

Recently, Yao Yanxia, Chief Representative of the Beijing Office and General Manager of KHL Group, a representative enterprise in global construction information and services, along with Steven Webb, General Manager of the Exhibition Department, led a delegation to visit the CDHORIZON Thailand Business Department for a special visit and in-depth exchange. The two parties engaged in discussions on core topics including the construction industry landscape in Thailand, CDHORIZON's business layout in Thailand, and the prospects of the equipment rental market. This exchange laid the foundation for further deepening collaboration and jointly expanding international markets, while also building an efficient platform for CDHORIZON to connect with international resources and enhance its overseas brand influence. In recent years, CDHORIZON has participated multiple times in the authoritative industry rankings published by KHL Group and has repeatedly received accolades. In 2025, it achieved outstanding results, ranking first globally in the Access50 (Top 50 Aerial Work Platform Rental Companies) and 11th globally in the IRN100 (International Rental News 100).

05 HORIZON Education's Class of 2026 Secures 11 Oxbridge Offers

At the beginning of spring, HORIZON Education ushered in its most splendid "blossoming" admissions season. As of February 24, over 230 graduates from member schools of the HORIZON Education Alliance have received 11 offers from the University of Oxford and the University of Cambridge, as well as more than 600 admission letters from renowned universities worldwide, including Imperial College London, University College London, the University of Hong Kong, the University of Melbourne, and the University of New South Wales Sydney. The admitting institutions span major global study destinations and regions, including the United Kingdom, the United States, Canada, Australia, France, Switzerland, and Hong Kong, China. Currently, admission results from more world-renowned universities are still being released gradually.