On July 31, Lianhua Holdings held its 2025 mid-year work meeting, comprehensively summarizing and thoroughly reviewing the first half's operations, analyzing the current business development situation, and optimizing and deploying key tasks for the second half. Li Houwen, Chairman of the Board, attended the meeting and delivered an important speech. Li Bin, Vice Chairman and CEO, presided over the meeting and presented a work summary and deployment. All members of the company's management team, heads of various business units and functional departments, attended the meeting.

Following work reports from various business and functional units, Li Bin presented a comprehensive summary of the first half's operations and key deployments for the second half. Li Bin pointed out that in the first half of the year, guided by the "brand revival strategy," the company continued to consolidate and expand its basic advantages, focusing on the "six new" initiatives, accelerating the innovative practices of new models, new mechanisms, new products, and new channels in business development, achieving new breakthroughs, and driving the sustained growth of its main business. At the same time, solid work was done in computing power-related businesses, continuously improving core competitiveness and achieving significant new results.
Li Bin noted that while significant achievements have been made, it is crucial to clearly review existing shortcomings. Development among various business units remains uneven, the back-office organizational support has weak links, operational management efficiency needs improvement, and there are many bottlenecks to be addressed, pain points to be resolved, and difficulties to be overcome in mechanism reform. Li Bin emphasized that three key areas of work should be focused on in the second half of the year: First, to further optimize the product structure. On the basis of continuously consolidating and expanding the advantages of existing products, greater breakthroughs should be achieved in the research and development and sales promotion of new products, significantly improving the market share and reputation of new products; second, to strengthen business synergy. Effectively promote significant results in the synergy between online and offline, domestic and international, and R&D and sales; third, to continue deepening reforms. Build a more scientific, comprehensive, efficient, and powerful "production, supply, sales, storage, and transportation" system.
After listening to the company's overall business operation report, Li Houwen delivered an important speech entitled "Deepening the "Dual-Wheel Drive" Strategy and Ushering in a New Chapter of High-Quality Development at a Higher Starting Point."
Li Houwen first expressed the board's full affirmation of the company's achievements in business development during the first half of the year. He pointed out that 2025 is the final year of the company's brand revival strategy, a year to seize opportunities and achieve greater breakthroughs in business development, and a year for planning and layout for the next five years. This meeting not only summarizes the first half's business work and deploys key tasks for the second half to ensure the achievement of annual performance targets, but also lays a solid foundation for the completion of the brand revival strategy and a good start for the next five years. In the first half of the year, facing a complex and changing external environment, the company deeply implemented the brand revival strategy, seizing opportunities and achieving new breakthroughs in both business scale and efficiency, with year-on-year growth leading the industry. Regarding the second half of the year and Lianhua's future development, Li Houwen put forward three requirements.
First, unswervingly advance the "dual-wheel drive" strategy of consumption + technology, opening a new chapter of high-quality development. In the consumer sector, focus on the areas of seasonings, beverages, and food, and prioritize consolidating and expanding the existing advantages of the seasoning sector. In the technology sector, the focus will be on business areas related to computing power, algorithms, intelligent bodies, semiconductor materials, and new energy materials, innovating business models, strengthening independent R&D capabilities, and enhancing the company's core competitiveness.
Second, consolidate the "123456" operational management system to provide strong organizational support for the implementation of the strategy. Focus on one strategic center, cultivate two major directions of consumption + technology, improve the combination of three major scenarios, strengthen the four unifications of business and support and guarantee systems, deepen the synergy of five major functions, and enhance six dimensions of innovation.
Third, create "six Lianhua" characteristics, building a corporate culture with Lianhua characteristics. With the "Lian" (lotus) culture as the core, focusing on the six aspects of "Lianjie" (lotus purity), "Lianxin" (lotus heart), "Lianli" (lotus power), "Lianchuang" (lotus creation), "Lianxiang" (lotus enjoyment), and "Lianfu" (lotus wealth), complementing each other and organically unified, to create a corporate culture system with Lianhua characteristics, creating a more suitable development environment for the implementation of the "dual-wheel drive" strategy.
Li Houwen finally emphasized that all units should plan and lay out in advance, ensure the implementation of work, strive to achieve more outstanding results in the second half of the year, and lay a solid foundation for the successful completion of annual targets, the completion of the brand revival strategy, and the planning and layout for the next five years. As long as we persist in advancing the "dual-wheel drive" strategy, maintain our determination, and remain confident, we will surely overcome new challenges, seize new opportunities, and open a new chapter of high-quality development for Lianhua at a higher starting point.