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I. Performance Differences Between 1-ton Electric and Fuel-powered Excavators As core equipment in engineering construction, electric excavators and fuel-powered excavators have significant performance differences when combined with the operation characteristics of 1-ton models, adapting to different operation needs. The 1-ton fuel-powered excavator is equipped with a small diesel engine, featuring stable and strong power output, suitable for heavy-load operations in small sites, fast start-up speed, no endurance anxiety, and can meet the needs of high-intensity continuous operations. The 1-ton electric excavator has a more agile power response, optimized for lightweight operation scenarios, with operating noise controlled within 60 decibels (much lower than the 75-85 decibels of the same-level fuel-powered model), small vibration, smooth operation, no exhaust emissions, and outstanding environmental protection, but its endurance depends on battery capacity, and the duration of heavy-load operations is limited. II. Energy Consumption Comparison Between 1-ton Electric and Fuel-powered Excavators Based on the 1-ton excavator as the benchmark, the energy consumption difference between the two is significant, which is mainly caused by the difference in energy conversion efficiency. The fuel-powered model is powered by diesel, with a fuel consumption of about 0.8-1.2 liters per hour under conventional operation intensity; the 1-ton electric excavator relies on charging, with a power consumption of about 5-8 kWh per hour, and the unit operation energy consumption is only 30%-50% of that of the same-level fuel-powered model. The core reason for this difference is that electric excavators have no diesel combustion loss, with an energy conversion efficiency of 85%-90%, while fuel-powered models have an energy conversion efficiency of only 30%-40%, with most energy lost in the form of heat. Meanwhile, the fuel-powered model requires regular engine maintenance and oil filter replacement, with a relatively short maintenance cycle (routine maintenance is required every 50-100 hours); the electric model has a simple maintenance process, only requiring regular inspection of battery status and endurance capacity, and motor maintenance, without complex engine maintenance, with significant long-term operational advantages. III. Application Scenario Analysis of 1-ton Electric and Fuel-powered Excavators Combined with the lightweight and flexible characteristics of 1-ton models, the two types of excavators have different applicable scenarios. The fuel-powered model is more suitable for small-scale mines and short-distance heavy-load outdoor operations. With the advantage of no endurance limit, it can meet the needs of long-time continuous operations, and its flexible body can shuttle in narrow outdoor sites. The electric model is more suitable for small-scale urban municipal maintenance, indoor decoration and transportation, and construction around residential areas. Its lightweight body will not damage the road surface, and the low noise (within 60 decibels) and no exhaust emissions can meet the requirements of environmental protection and noise control. It is also applicable to short-distance, intermittent operations and sites with convenient charging.

The hydraulic system serves as the power lifeline of an excavator, using hydraulic oil as the transmission medium to convert the mechanical energy output by the engine into high-pressure hydraulic energy. This energy is then accurately distributed to actuators such as hydraulic cylinders and travel motors via control components, completing a full set of heavy-duty operations including boom lifting, bucket digging, slewing and traveling. Among them, the main pump and multi-way valve are the two core components of the hydraulic system, which directly determine the machine’s operating efficiency, movement smoothness and load capacity. They are also the key targets of daily troubleshooting, and most hydraulic system faults can be resolved by focusing on these two components. As the power source of the system, the main pump mostly adopts a swash-plate axial variable displacement piston pump. Its core function is to complete energy conversion, and automatically adjust the flow according to the load size, increasing speed under light load and enhancing force under heavy load, balancing operating efficiency and digging power. Main pump faults are mostly universal problems, commonly presenting as slow and weak overall movement, abnormal noise and overheating. The root causes are usually oil suction pipe leakage, internal piston pair wear, regulator jamming or excessive internal leakage. Troubleshooting follows the principle from easy to difficult: first check the hydraulic oil level, quality and filter, then test the system pressure to judge internal leakage. The multi-way valve is the control center of the system, integrating various valves such as reversing, overflow, locking and regeneration. It is responsible for accurately regulating the direction, flow and pressure of hydraulic oil to ensure precise single movement and coordinated composite movements. Multi-way valve faults are mostly local problems, commonly including stuck single action, automatic boom sinking, travel drifting and uncoordinated composite movements, mostly caused by spool jamming, locking valve seal failure or excessive valve internal leakage. Focus on cleaning the spool and testing the locking valve performance to quickly locate and fix faults. Regularly replacing qualified hydraulic oil and special filters, and checking pipeline seals can effectively reduce the failure rate of core components and extend the service life of the whole machine.

I. Performance Differences Between 1-ton Electric and Fuel-powered Excavators As core equipment in engineering construction, electric excavators and fuel-powered excavators have significant performance differences when combined with the operation characteristics of 1-ton models, adapting to different operation needs. The 1-ton fuel-powered excavator is equipped with a small diesel engine, featuring stable and strong power output, suitable for heavy-load operations in small sites, fast start-up speed, no endurance anxiety, and can meet the needs of high-intensity continuous operations. The 1-ton electric excavator has a more agile power response, optimized for lightweight operation scenarios, with operating noise controlled within 60 decibels (much lower than the 75-85 decibels of the same-level fuel-powered model), small vibration, smooth operation, no exhaust emissions, and outstanding environmental protection, but its endurance depends on battery capacity, and the duration of heavy-load operations is limited. II. Energy Consumption Comparison Between 1-ton Electric and Fuel-powered Excavators Based on the 1-ton excavator as the benchmark, the energy consumption difference between the two is significant, which is mainly caused by the difference in energy conversion efficiency. The fuel-powered model is powered by diesel, with a fuel consumption of about 0.8-1.2 liters per hour under conventional operation intensity; the 1-ton electric excavator relies on charging, with a power consumption of about 5-8 kWh per hour, and the unit operation energy consumption is only 30%-50% of that of the same-level fuel-powered model. The core reason for this difference is that electric excavators have no diesel combustion loss, with an energy conversion efficiency of 85%-90%, while fuel-powered models have an energy conversion efficiency of only 30%-40%, with most energy lost in the form of heat. Meanwhile, the fuel-powered model requires regular engine maintenance and oil filter replacement, with a relatively short maintenance cycle (routine maintenance is required every 50-100 hours); the electric model has a simple maintenance process, only requiring regular inspection of battery status and endurance capacity, and motor maintenance, without complex engine maintenance, with significant long-term operational advantages. III. Application Scenario Analysis of 1-ton Electric and Fuel-powered Excavators Combined with the lightweight and flexible characteristics of 1-ton models, the two types of excavators have different applicable scenarios. The fuel-powered model is more suitable for small-scale mines and short-distance heavy-load outdoor operations. With the advantage of no endurance limit, it can meet the needs of long-time continuous operations, and its flexible body can shuttle in narrow outdoor sites. The electric model is more suitable for small-scale urban municipal maintenance, indoor decoration and transportation, and construction around residential areas. Its lightweight body will not damage the road surface, and the low noise (within 60 decibels) and no exhaust emissions can meet the requirements of environmental protection and noise control. It is also applicable to short-distance, intermittent operations and sites with convenient charging.

The single-pump and dual-pump systems of excavators differ significantly in structure, function, and application scenarios. The core difference lies in the fact that the dual-pump system provides multiple hydraulic oil outputs through two independent pump bodies, thereby supporting more complex compound actions and higher work efficiency, while the single-pump system has a simple structure and is usually used for small or low-load equipment. Structural Differences: A single-pump system contains only one hydraulic pump, is compact, and has a lower cost, making it suitable for small excavators. A dual-pump system consists of two pump bodies (such as gear pumps or piston pumps) connected by a coupling or flange. Common configurations include dual-pump single-circuit or dual-pump dual-circuit systems. Some models also include a pilot pump (such as a gear pump) in series to simplify layout. Working principle 1. Single pump system: The flow rate is fixed, and the speed is adjusted by a throttle valve. All actuators (such as boom and bucket) share the same oil circuit. Insufficient oil pressure or delayed action may occur during combined operation. 2. Dual-Pump System: Dual-Circuit Design: Two pumps drive different circuits (e.g., one pump controls the boom, the other controls the bucket), enabling independent operation of multiple actions without interference. Power Distribution: The two pumps can operate in parallel or in series. In parallel operation, they utilize engine power to improve efficiency; in series operation, a through-shaft structure enables high-pressure output (rated pressure up to 34MPa). Variable capacity: Modern dual pumps mostly use variable pumps, which automatically match the load by adjusting the swashplate angle to reduce power loss. Performance Characteristics 1. Single-pump system: Advantages include simple structure and low maintenance cost, but low efficiency in compound actions, and it is only suitable for light-load or single-task scenarios. 2. Dual-Pump System: Advantages: Supports simultaneous operation of multiple actuators (such as combined traveling and rotating movements), provides stable oil pressure and fast response; reduces hydraulic shock through dual-circuit design, extending component life. Limitations: Complex structure, higher cost, and stricter requirements for hydraulic oil cleanliness.

As spring breezes once again sweep across the land, Hightop Group stands ready to embark on its exhibition journey for the first half of 2026. From North America to Europe, from Australia to Asia, we will showcase our flagship products and technical solutions, meeting global partners at six major international exhibitions. These are not merely exhibitions—they are handshakes across oceans and mountains, deep dialogues for future collaborations. First Stop—United States Exhibition Name: CONEXPO-CON/AGG 2026 Dates: March 3–7, 2026 Venue: Las Vegas Convention Center, USA Booth Number: N-10413 Address: 3150 Paradise Rd, Las Vegas, NV 89109 As one of the world's largest gatherings for the construction equipment industry, CONEXPO-CON/AGG brings together top global enterprises and cutting-edge technologies. Hightop will showcase intelligent equipment solutions tailored for the North American market, competing alongside industry giants to demonstrate the formidable strength of Chinese manufacturing. Second Stop—Spain Exhibition Name: SMOPYC 2026 Dates: April 15-18, 2026 Venue: Zaragoza Exhibition Center, Spain Booth Number: Outdoor AES 06 Address: Autovia A-2 km 311, 50012 Zaragoza, Spain As one of Southern Europe's most influential construction machinery exhibitions, SMOPYC represents a crucial stop for Hightop's deepening engagement in the European market. We will showcase environmentally friendly equipment compliant with EU standards, engaging in face-to-face discussions with Iberian Peninsula clients to explore new collaboration opportunities. Third Stop—Australia Exhibition Name: 2026 National Diesel Dirt & Turf Expo Exhibition Dates: April 17–19, 2026 Venue: Dragway, Sydney Booth Number: SITE C32 Address: Ferrers Rd, Eastern Creek NSW 2766, Australia Australia's vast, sparsely populated landscape with thriving agriculture and mining sectors creates unique demands for construction machinery. Hightop will showcase models tailored to local operating conditions in Sydney, eager to explore expanded mechanization possibilities with Australian clients. Fourth Stop—Canada Exhibition Name: NATIONAL HEAVY EQUIPMENT SHOW 2026 Exhibition Dates: April 23–24, 2026 Venue: Toronto International Centre Booth Number: 1242 Address: 6900 Airport Road, Mississauga, ON L4V 1E8 As a key North American market, Canada demands stringent standards for equipment quality and after-sales service. Hightop will showcase its precision engineering and comprehensive service system to meet Canadian clients' expectations, laying the groundwork for deeper market penetration in North America. Fifth Stop—Italy Exhibition Name: SaMoTer 2026 Dates: May 6–9, 2026 Venue: Verona, Italy Booth Number: Hall 10, C3-1 In Italy, the capital of industrial design, Hightop will showcase the craftsmanship and technological innovations of its products. Verona is not only a city of romance but also a vital gateway to Europe's core markets. We look forward to meeting European clients here. Sixth Stop—Russia Exhibition Name: CTT EXPO 2026 Exhibition Dates: May 26–29, 2026 Venue: Krasnogorsk, Moscow Address: 16, 18, 20 Mezhdunarodnaya St., Krasnogorsk, Moscow Region 143402 As a traditional stronghold for Hightop, Russia remains a strategic priority in our global expansion. Equipment specially optimized for harsh cold-weather conditions will undergo evaluation by local clients in Moscow, further cementing Hightop's deep-rooted connection with the Russian market. Six exhibitions, six global coordinates—this spring and summer, Hightop will traverse the world's breadth with every step. We bring not only equipment, but also: Customized solutions tailored to diverse markets; Reliable quality validated across over 100 countries worldwide; Comprehensive overseas warehousing and rapid response services; and on-site technical consultations with our expert team. Whether you're a long-time Hightop partner or a new acquaintance, we warmly invite you to visit our booth. Experience the true performance of Hightop products firsthand and explore collaboration opportunities face-to-face. Every encounter marks the beginning of a story. Every handshake could be the prelude to future partnerships. Hightop awaits you globally in the first half of 2026!

In the construction machinery sector, hydraulic systems are hailed as the “power heart” of excavators, directly determining equipment efficiency, control precision, and energy consumption levels. Particularly in the mini excavator segment, where operators face confined urban workspaces, complex conditions, and energy-saving/environmental requirements, hydraulic system upgrades are pivotal to core competitiveness. As a dedicated pioneer, the company leverages breakthroughs in hydraulic technology R&D to develop high-speed, low-energy, and highly reliable hydraulic systems, revolutionizing small-scale engineering operations. Mini excavators are widely used in urban landscaping, municipal maintenance, agricultural planting, and other scenarios. Constrained by limited workspaces and variable conditions, they impose stringent demands on hydraulic systems: precise control for fine-tuned operations, rapid energy conversion to reduce consumption, and robust stability to handle load switching. Traditional mini excavator hydraulic systems suffer from significant shortcomings: First, substantial energy loss—open-loop overflow causes increased fuel consumption and excessive oil temperatures. Second, inadequate control precision—interference during multi-actuator compound movements reduces efficiency. Third, poor adaptability—inability to dynamically match varying load demands. Addressing these industry pain points, the company collaborated with core suppliers to develop a new-generation intelligent hydraulic system. Through triple upgrades in circuit architecture, core components, and control strategies, it achieves three key advantages: First, a revolutionary rapid circuit architecture. Abandoning traditional open circuits, it adopts a load-sensing + closed-loop circuit combination design. This real-time matching of actuator load demands enables precise flow distribution, significantly reducing overflow losses. The closed-loop circuit also enhances the system's contamination resistance, adapting to dust interference in complex operating environments. Second, high-precision core component integration. Equipped with a high-performance axial piston variable displacement pump and premium electromagnetic proportional valves, it delivers rapid response and real-time hydraulic oil flow adjustment to prevent overflow waste. Upgraded cylinder seal structures minimize internal leakage, enhancing system sealing integrity and reliability. Third, intelligent energy-saving control strategies. Through electronic proportional control and adaptive operating condition algorithms, it dynamically adjusts pump displacement and valve opening, optimizes composite action priority allocation, and reduces operational interference. It achieves intelligent power matching between the engine and hydraulic system, reducing displacement and unnecessary work during idle periods while ensuring digging force under heavy loads. Energy consumption is reduced by 15% under equivalent operating conditions. In actual operations, the company's mini excavators demonstrate significant advantages. During urban renovation projects in older neighborhoods, precise hydraulic control enables rapid completion of intricate tasks like trench excavation in confined spaces, boosting daily output by 10%. In agricultural greenhouse construction, the machine maintains stable oil temperatures during 8-hour continuous operation, offering longer lifespan and lower maintenance costs than conventional models. User feedback indicates that core hydraulic components come with a 1-year warranty, combined with online monitoring and early warning systems, significantly reducing unplanned downtime. As the mini excavator market transitions toward intelligent and low-carbon solutions, hydraulic technology innovation is key to competitiveness. The company states it will continue deepening the integration of hydraulic systems with smart technologies to explore faster, more energy-efficient solutions. Through technological breakthroughs, it not only addresses pain points of traditional equipment but also drives the upgrade of small construction machinery. Remaining user-demand oriented, it will continue providing reliable solutions for urban construction, agricultural development, and other scenarios.

On February 12th, the afterglow of the afternoon awards ceremony lingered as the evening stage ignited with celebration. From the breathtaking laser show at 7:00 PM to the final song at 9:00 PM, Hightop employees shed the year's fatigue, passionately closing 2025 and ushering in 2026. Raise Your Glasses, Embark on a New Journey Lights dimmed abruptly as music surged forth. A laser display cascaded like a starry river, weaving the eight characters “Leap Over Mountains and Seas, Explore New Horizons Together” across the center stage. As the light patterns settled, the host, dressed in formal attire, took the stage and declared the Hightop Group 2026 New Year Gala officially open! Group General Manager Jiang, accompanied by all senior executives, took the stage to propose a toast. Eleven cups were raised—to the past, to the present, and to the future. “3, 2, 1—Cheers!” The entire audience rose, emptying their glasses in unison. 2026 had officially begun. Starlight Shines Bright, Talent Takes Center Stage Performances and applause intertwined throughout the night, as the stage belonged entirely to Hightop's own. Ode to the Workers · Jingtuo Manufacturing The opening act featured 58 colleagues from the production line. With powerful voices, they sang of sweat in the workshops and steadfast dedication on the assembly lines—a tribute to all Hightop strivers. Prosperity from All Directions · Cross-Border Retail Group Vibrant dance steps spread good fortune throughout the venue, wishing everyone financial success in 2026. Little Luck · Cross-Border Retail Group A warm female voice sang of unexpected kindness and tenderness encountered in the workplace. Foreign Trade Edition Fake News Broadcast · Mingke Machinery Company “Today's Headlines: A foreign trade salesperson, racing against the time difference, sent an email to a client at 3 a.m. only to receive an instant reply...” Laughter and applause from the audience affirmed this “fake broadcast.” ZOO · Domestic Trade Group Residents of “Zootopia” descended upon the stage. Judy and Nick transformed into hosts, leading a troupe of agile dancers to ignite the performance. Radiance · Cross-Border Retail Group Sleeves fluttered lightly, figures moved with grace. Amidst the interplay of light and shadow, it felt like traversing a century. Back To December · Foreign Trade Group A heartfelt melody paid tribute to those cherished moments worth revisiting. Lead the Charge, Make Big Money · Foreign Trade Group As the gongs and drums sounded, catchphrases flowed freely. Profit is the driving force; unity is the secret weapon. Special Guest · Zhang Wei When the intro to “Machine Spirit, Chopping Knife” began, the entire venue raised glow sticks, forming a sea of stars. This original rapper from Jiaxiang, Jining, whose dialect raps moved countless 80s and 90s kids to tears, now shares that emotion with Hightop tonight. Office Comedy Show · Group Operations Department One person plays multiple roles, switching voices effortlessly. Turns out, the “office drones” are all hidden voice talents. Dance Medley · Group Headquarters All-Department Sweet Girls Squad Swirling skirts, sweet smiles, and upbeat tunes softened the atmosphere throughout the venue. Four Literary Masters · Domestic Trade Group The “literary masters” delivered witty banter and endless punchlines, leaving the audience doubled over with laughter. Bajiquan · Foreign Trade Group Powerful punches, steady footwork—the noble spirit of Chinese martial arts shone through in this moment. Nonstop Action · 8 Lucky Audience Members Game time! Blindfolded participants had to stay in place for 60 seconds—some stood as steady as a rock, while others quietly “escaped.” Amidst roaring laughter, the Year of the Horse plushies found their new owners. I Love Selling Excavators · Foreign Trade Group “I love selling excavators—I love their roaring engines, their steel frames, and most of all, the value they create for every customer!” This is the romance of Hightop people. Shanghai Nights · Bega International Trade Group Cheongsams swayed with alluring charm as melodies of bygone eras echoed anew through the night. Got It? · Group Order Follow-up Department The art of communication unfolded through repeated “misunderstandings” and “aha moments,” leaving everyone laughing until tears streamed down their faces. Echoes of Time · Cross-Department Collaboration From “I Believe” to “True Heroes,” seven songs weave together the youthful memories of generations. On stage and off, everyone joined in the chorus. Koi Leaping Through the Gate, Endless Fortune Grand Lucky Draw During the dinner break, the thrilling moment belonged to the raffle. Three rounds of draws brought 101 lucky winners and 101 beaming smiles. May this fortune accompany every Hightop employee into each day of 2026. Champions Crowned, Glory Bestowed After all performances concluded, both the Business Group and Production Group simultaneously began voting. Within five minutes, hundreds of ballots were cast, and six acts emerged victorious from fierce competition. President Jiang presented red envelopes to the award recipients. Applause and camera flashes brought the evening to a perfect close. The echoes linger, and the journey continues We extend our deepest gratitude to every performer for their heartfelt dedication, to the annual meeting planning team for their tireless efforts both on and off stage, and most of all, to every Hightop member for their enthusiastic participation. See you next year! 2025, you've worked hard. 2026, we'll meet at greater heights.

On February 12, 2026, the 25th day of the twelfth lunar month in the Year of the Earth Snake, the 2025 Year-End Awards Ceremony unfolded as scheduled under the theme “Leaping Over Mountains and Seas, Pioneering New Horizons Together.” This day marked both the echoes of Hightop's decade-long journey and the prelude to its 2026 expedition. Applause rang out solely for the strivers, and spotlights shone exclusively on fellow travelers. Below, we invite you to revisit this moment of glory shared by all Hightop members. Chapter One: Leadership First, we welcome Mr. Jiang, General Manager of Hightop Group, to the stage for his opening remarks. As the presentation slid to its first page, four words came into view: “Unite Our Strengths, Win the Future with Quality.” Standing at the ten-year milestone, he used three phrases to encapsulate Hightop's journey from 2015 to 2025: Warmth of Heart. It was the lamp burning late into the night during the early entrepreneurial days, the company-wide cheers upon securing the first overseas order, and the unwavering dedication of every Hightop employee treating the company's affairs as their own. Over ten years, Hightop's warmth has never cooled. Awe. A reverence for the market, never allowing temporary success to breed arrogance; a reverence for products, ensuring every piece of equipment undergoes rigorous inspection before leaving the factory; a reverence for customers, embedding “trustworthy” into the very core of the brand. Over ten years, Hightop's humility has never wavered. Dependence. It is the reliance clients place in Hightop, the trust partners place in Hightop, and above all, the mutual dependence among our 800+ Hightop members. This reliance is not a burden, but our confidence. Ten years on, Hightop's trust has never been betrayed. At this moment, the audience holds focused gazes, offers unending applause, and shares the collective anticipation of all Hightop members for the next decade. Chapter Two: The Sprint The Year-End Sprint Awards ceremony commences. This honor celebrates teams and individuals who, during the final push of 2025, chose to “give it one more push, one more effort.” They were the pillars of the fourth-quarter offensive, the game-changers at the final hurdle before achieving annual targets. Every sprint deserves to be remembered. Chapter Three: Craftsmanship The Second Skills Competition Technology is Hightop's foundation. In the second skills competition, master craftsmen from the production lines competed side by side, demonstrating “artisan-driven manufacturing” through precision measured in millimeters. Five-Year Service Anniversary Five years represent 1,826 days and nights of steadfast dedication. Employees celebrating their fifth anniversary have entrusted their youth to Hightop, and Hightop has reciprocated with invaluable trust. Golden Key Award The Golden Key Award honors those who have journeyed alongside Hightop through challenging times. This key unlocks not just a door, but a shared chapter in our history. Outstanding Employee The production line is Hightop's solid foundation; the business frontline is its sharp edge. Whether it's the sweat-drenched figures in the workshop or the trailblazing strides in the marketplace; whether it's the meticulous polishing of every component or the relentless pursuit of every order. They embody Hightop's spirit of craftsmanship. Every steadfast commitment deserves recognition; every contribution deserves to be remembered. Service Stars There exists a group who, though not in the spotlight, safeguard Hightop's quality and reputation in every detail. They are the 2025 Service Stars of the headquarters functional departments, the 2025 Service Stars of Jingtuo Manufacturing, and the unsung heroes behind the scenes in Warehouse Information, Shipping, and Procurement. Outstanding Frontline Managers / Management Stars They are the backbone of Hightop, the pillars supporting a decade of steadfast foundation. Chapter Four: Win-Win The year-end bonus ceremony brought the gala to its climax—Hightop's simple yet solemn tribute to its “value creators.” Behind every award lies a year of tireless effort, each representing a unique story of perseverance. This year, you've worked hard. This year, we've earned it. Chapter Five: Captured Moments The annual group photo is a solemn ritual at this moment each year. As the camera was positioned and lights brightened, 833 smiling faces gathered from all directions. With the click of the shutter, Hightop's 2026 family portrait was captured. In this moment, we are colleagues and family alike. Final Chapter: Setting Sail for 2026 The glory of 2025 is now packed in our luggage; the journey of 2026 unfolds before us. Warmth, reverence, and mutual reliance—these are the foundations forged over a decade. United in purpose, quality triumphs over the future—this is our shared creed for the year ahead. Boundless horizons, frontiers we carve ourselves. Thank you to every Hightop member—it is you who have made this decade shine brilliantly. Onward to greater heights.

To systematically review achievements in 2025 and scientifically plan for 2026 development, Hightop Group successfully convened its 2025 Year-End Summary Conference from February 9 to 11, 2026, under the theme “Striving for Excellence · Breaking Through · Building the Future Together.” Adhering to the principle of “top-down, full coverage,” the conference proceeded with year-end summaries from division leaders, business specialists, and business managers. The tightly scheduled agenda delivered substantive content, achieving its objectives of unifying perspectives, building consensus, and clarifying strategic direction. I. Strategic Planning: Focusing on “Advancement” to Chart the Course The conference officially commenced on the afternoon of February 9. In the first agenda item, leaders overseeing core divisions such as the Marketing Center and Functional Centers delivered their year-end summary reports. Grounded in the Group's strategic vision of “globalization, intelligence, and low-carbonization,” these leaders objectively reviewed key achievements, breakthrough progress, and valuable lessons within their respective domains over the past year. These reports not only showcased 2025's achievements through detailed data and case studies but also conducted in-depth analyses of current opportunities and challenges. They systematically planned and deployed initiatives for 2026, charting a clear strategic course for the Group's new year and establishing a solid foundation for decision-making. II. Core Contributors: Pursuing Breakthroughs and Showcasing Frontline Achievements Following the leadership's strategic guidance, the conference proceeded to its second core agenda item—year-end reports from business specialists. Over the course of one and a half days, dozens of key personnel from the Domestic Trade Group, Foreign Trade Group, MIngko Machinery Group, Cross-Border Retail Group, and subsidiaries (including Hightop Machinery, Jinkung Machinery, New Energy Company, CNMC Machinery, etc.) took the stage in succession. Grounded in their respective roles, they presented detailed reports using solid data and vivid case studies. These covered their personal performance achievements over the past year, core client service experiences, market trend insights, as well as existing shortcomings and improvement strategies. This segment fully demonstrated the professional competence, fighting spirit, and solid foundation of Hightop's frontline teams, serving as a true reflection of the effective implementation of the Group's strategy. III. Core Responsibility: Building Foundations Together, Charting Team Futures As a pivotal bridge between past and future, year-end reports from managers across business groups and core departments followed in rapid succession. Managerial teams from Cross-Border Retail Group, Domestic Trade Group, Foreign Trade Group, and Mingke Group delivered in-depth presentations covering their respective sectors' overall operations, team management achievements, major project progress, and growth plans for the coming year. Their presentations went beyond performance metrics, emphasizing business model exploration, process optimization solutions, and team capability development. This approach aimed to break down departmental silos, foster synergistic efficiency, and consolidate robust mid-level execution power to achieve the Group's more challenging 2026 objectives. This conference served not only as a fruitful review session but also as a forward-looking mobilization meeting. Through layered implementation and in-depth discussions on the theme “Refine, Breakthrough, Build the Future Together,” all Hightop members further strengthened their commitment to continuous improvement, solidified their resolve to overcome challenges, and united their efforts for collaborative progress. The clarion call for a new journey has sounded. Taking this conference as a new starting point, all Hightop Group colleagues will join hands to build an even more outstanding future with greater professionalism and a more determined spirit!