New Year Greetings

Chairman and President of Dalian Bingshan Group Co., Ltd.    Ji Zhijian

As the seasons turn and time moves forward, we at Bingshan Group, on behalf of our management team, would like to extend our heartfelt gratitude and warmest greetings to: the leaders at all levels who have provided steadfast support; the friends from all sectors who have stood shoulder to shoulder with us; our trusted partners who share our vision and values; every one of our dedicated cadres and employees who are committed to Bingshan’s success and well-being; and all our valued customers who have placed their trust in and confidence in us.

Looking back 2017 This year marks a pivotal moment for Bingshan’s transformation, upgrading, and innovative development. With the heartfelt care and strong support of leaders at the central, provincial, and municipal levels, we have closely followed the pulse of the times, strived to become a leader in the supply-side structural reform of China’s refrigeration industry—specifically in the areas of heating and cooling supply—and taken the lead in the new round of revitalization and development in Northeast China. We have aligned Bingshan’s growth closely with national needs, adapted to the prevailing trends of the times, and seized the opportunities presented by industry developments. By embedding the business philosophy of “leading innovation and creating value” into every aspect of our operations, we have comprehensively achieved all the economic targets set by the Board of Directors, realizing steady growth that is both high-quality and profitable. We have successfully completed Bingshan’s dual D The construction of the Hong Kong Industrial Park and the relocation of the Group’s headquarters have given rise to a world-leading smart manufacturing facility for vending machines, establishing a new base that leverages Ice Mountain’s late-mover advantages to foster advanced manufacturing and achieve high-quality development. We have launched the development of Ice Mountain Wisdom Valley, creating new business platforms in regional energy systems, industrial big data, financial leasing, and other areas, thereby continuously enhancing Ice Mountain’s cold-and-heat ecosystem and injecting fresh momentum into its innovative growth. We have formulated a new medium-term development plan, articulating new guiding principles, new development goals, and new strategic initiatives, while relentlessly innovating Ice Mountain’s new businesses, new formats, and new models, thus charting a clearer roadmap toward the realization of Ice Mountain’s centennial vision. We have vigorously advanced the institutionalization of innovation and entrepreneurship, ensuring the continuous incubation of scientific and technological breakthroughs and driving leapfrog growth in both the quantity and quality of our technology patents—providing a powerful impetus for our strategic transformation and product mix optimization. Relying closely on Party and mass organizations at all levels, we have united hearts and minds, championed the exemplary and leading role of model figures of our times, and innovatively organized cultural events such as Employee Family Days and Factory Anniversary Celebrations. Upholding law-based and compliant operations and faithfully fulfilling our corporate social responsibility, we are committed to enhancing employee well-being and forging deeper bonds of genuine care that tie Ice Mountain’s development ever more closely to our employees, their families, and society at large, thereby rallying cohesive strength for the company’s harmonious growth. From output value to value creation, from quantitative change to qualitative transformation, the very substance, mode, and quality of our development have undergone profound changes, marking Ice Mountain’s simultaneous entry into a new era.

New era, new responsibilities, new mission, and new commitment.

Outlook 2018 This year marks the beginning of Bing Shan’s implementation of its new mid-term development plan, and also the year in which Bing Shan will achieve… 2030 This is a pivotal year for achieving the centenary goals. The people’s aspiration for a better life is the very direction in which we must strive and endeavor. Standing at a new starting point, grasping our new position, stepping into a new era, and leading new trends, 2018 This year, we will embrace a fresh spirit, a renewed corporate image, and ambitious new goals to deliver greener, smarter, and safer refrigeration and heating equipment and energy-management solutions that drive the transformation and upgrading of the industrial economy; to provide more effective air-handling and environmental-management technologies for building a Beautiful China; to offer cutting-edge, state-of-the-art AI-powered products and seamless omnichannel service experiences for the new retail sector; to lay the cold-chain logistics infrastructure underpinned by the BingShan brand, BingShan innovation, and BingShan quality in support of the Belt and Road Initiative; and to integrate big data, digital technologies, and other rapidly advancing innovations into the refrigeration and heating industries. We will define high-quality development through a scientifically robust performance-measurement framework, proactively manage operational risks, further strengthen cash-flow-driven operations, and continuously enhance our intrinsic corporate value through sustained, stable, high-quality growth. By forging closer links across the industry chain, building more resilient value chains, expanding our ecosystem, integrating industry with finance, fostering cross-sectoral collaboration, and pursuing global partnerships, we will create immense wealth for our customers while safeguarding our planet’s lush mountains and clear waters.

As the laws of nature usher in the warmth of spring, all things begin to renew. Let us together greet the dawn of a new era, soar toward the dream of breaking through new frontiers, stay true to our original aspirations, press forward with unwavering determination, lead innovation and create value, and, with wisdom and hard work, with openness and inclusiveness, with confidence and courage, strive for steady progress, steady innovation, and steady transformation. Together, let us dedicate ourselves to the century-old glory of this towering mountain of achievement, and together, let us embrace a happy and beautiful future!

  Finally, I wish you all good health and every blessing in the year ahead! May the Bing Shan enterprise soar to new heights and achieve great success!

Thank you!

2018 year 1 month 1 day