New Year Greetings

Dalian Bingshan Group Co., Ltd.

Chairman and President Ji Zhijian

The winter plum blossoms brave the snow, and the icy mountains herald good fortune. As we bid farewell to the old year and welcome the new, on behalf of the Ice Mountain Group’s management team, I would like to extend our heartfelt gratitude and New Year’s greetings to leaders at all levels and friends from all sectors who have shown concern for and supported Ice Mountain’s development; to our valued customers and partners who have placed their trust in and backed Ice Mountain’s endeavors; and to every Ice Mountain employee who has worked tirelessly to innovate and start businesses.

The past year has been one of arduous challenges as well as abundant rewards. Amid a volatile and unpredictable international landscape and a market environment characterized by stability amid change, the management and employees of Bingshan Group have earnestly put into practice Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, continuously advanced supply-side structural reform in both the cold- and heat-related businesses, adhered to the bottom line of cash-flow–driven operations, and upheld the red line of safe operations. As a result, the Group achieved steady growth in sales revenue and operating profit, delivering a satisfactory performance in celebration of the 40th anniversary of China’s reform and opening-up.

Over the past year, we have aligned our efforts with the long-term development needs of Bingshan, refusing to be blinded by fleeting distractions. Adhering to the principle of knowing what to do and what not to do, we have focused on doing what must be done. We have further refined Bingshan’s business portfolio, embracing the mission and responsibility of our generation to drive a strategic transformation and upgrade of our heating and cooling business. At the same time, we have vigorously developed new businesses such as the Bingshan Industrial Internet, district energy systems, and financial leasing, while building Bingshan Smart Valley into a new engine for Bingshan’s growth. These initiatives have unlocked the full potential of Bingshan’s heating and cooling value chain, supply chain, and ecosystem, establishing a fresh corporate image and enhancing brand value through innovative businesses, models, and approaches—thereby injecting new momentum into the sustained and stable development of our enterprise. Over the past year, we have achieved steady progress amid change, embraced innovation in the face of challenges, overcome obstacles through collective effort, and worked in close synergy to advance new models of production-oriented service industries. We have also collaborated to tap into overseas markets along the Belt and Road Initiative and other international arenas, coordinated efforts to promote integrated business development, and demonstrated a strong sense of responsibility and commitment to our mission. In doing so, we have seen the emergence of both established and emerging “hero” enterprises and employees, highlighting the enduring spirit of Bingshan’s reform and opening-up and raising the banner of innovation and entrepreneurship for the new era. Throughout the year, we have united as one, upheld Bingshan’s corporate culture, and fulfilled our social responsibilities. We hosted the 15th Employee Sports Meet, which saw participation rates as high as 70%, thereby showcasing Bingshan’s vibrant spirit and determination. We also sponsored youth tennis tournaments and joined forces with partners to invest in the future of our city. Furthermore, we have actively pursued targeted poverty alleviation and paired assistance programs, enabling more people to share in our progress and demonstrating the profound depth and innovative传承 of Bingshan’s cultural ethos.

Looking back over the past 40 years, we can take pride in having been pioneers of reform and opening-up, contributing significantly to the development of our industry. Reflecting on the past year, we can be confident that, despite some shortcomings, our work has grown in value—yielding both tangible results and renewed hope.

Looking ahead to the new year, this is a pivotal year for Bingshan—a critical juncture that bridges our past achievements with our mid-term development plan, and a year of hope as we celebrate Bingshan’s 90th anniversary and strive to realize our century-old vision. In the face of today’s more challenging landscape, we have the capability, the confidence, and the sense of responsibility to rise to even greater tests. Forty years of reform and opening-up have given us the confidence to pursue innovation in both our mission and our approach; years of value-driven management have equipped us with the capacity to transform and upgrade, and to drive innovative development. Our meticulously built smart manufacturing facility is poised to take off; the new ventures we have carefully nurtured—such as new cold-and-hot solutions, new environmental technologies, new retail models, and big data—are already sprouting fresh growth; the Bingshan Wisdom Valley we have thoughtfully established has been reborn; and our collaborative partners across industries are gearing up and ready to deliver. As long as we remain steadfast in our determination to hold fast to our core values and principles, and carry forward the bold spirit of reform and innovation that defines the Bingshan ethos, we will surely serve as a powerful engine for innovative development in the new era, a stabilizing anchor for steady growth, and a leading force in the construction of the two pilot zones.

The times call for heroes, and heroes shape the course of history. The command platform for our century-long journey into the future has already been erected—let us join hands to raise the torch of our dreams and illuminate and forge a brighter tomorrow!

Finally, I wish you all good health, family harmony, career success, and every wish fulfilled!

Thank you!

January 1, 2019