JINGMEN, China – From January 9 to 10, 2026, GEM convened its "2025 Annual Summary and 2026 Outlook Conference" at the Jingmen Industrial Park. Centered on the theme "Compliance and Steadiness, Quality and Efficiency, Building Global Competitiveness," the assembly comprehensively reviewed GEM's operational performance in 2025 and systematically deployed strategic goals and work plans for 2026. The event brought together the core management team, including Directors, Executives, and heads of various business centers, industrial parks, and research institutes, to chart the course for the company's future development.

▲ 2025 Annual Management Summary and 2026 Outlook Conference (Main Venue: Jingmen Industrial Park)

The year 2025 was an extraordinary year for GEM. Facing a complex environment characterized by profound adjustments in the global economic landscape, intensifying competition in the new energy industrial chain, and escalating international requirements for compliance and ESG, GEM remained steadfast. Upholding the core concept of "Limited Resources, Unlimited Recycling," and driven by technological innovation and globalization strategies, GEM forged ahead through challenges and opened new chapters amidst opportunities, achieving steady growth in operating performance and significant progress across all business sectors.

Representatives from various subsidiaries and business departments delivered specialized reports on their respective annual operations, providing a comprehensive showcase of their achievements in 2025. During the subsequent group discussion session, the subsidiaries and departments engaged in detailed deliberations regarding the execution of key tasks and the realization of annual objectives for the upcoming year, followed by reports to the assessment committees. Through these discussions, GEM's strategic goals for the new year were effectively broken down and assigned to specific subsidiaries and business segments. Afterward, the heads of the subsidiaries and business segments took the stage to solemnly sign the "2026 Annual Operational Target Responsibility Agreement." This solemn ceremony marked the full commencement of GEM's new journey of endeavor, signifying that responsibilities and missions have been firmly placed upon the shoulders of every manager.  Taking this as a starting point, all GEM employees are committed to translating GEM's strategy into concrete actions, thereby effectively guaranteeing the implementation and achievement of GEM's 2026 strategic goals.

▲ Signing Ceremony of 2026 Annual Operational Target Responsibility Agreement

Looking back on 2025, GEM achieved fruitful results across its various business sectors:

1. Industrial parks surmounted difficulties to deliver outstanding performance.

The Jingmen Industrial Park successfully completed the mass production transition of next-generation precursor products, achieving significant cost reductions through process innovation and a substantial increase in operational efficiency; the QMB Industrial Park achieved technological breakthroughs, resulting in significant annual cost-reduction achievements; the Taixing Industrial Park recorded its best historical performance, with production costs decreasing significantly; the Cathode Material Industrial Park achieved batch supply of new products, with prominent results in cost reduction and efficiency enhancement; the Fu'an Industrial Park successfully turned losses into profits; Green Tungsten achieved record-high performance; Wuhan Battery Recycling capacity achieved a doubling of its production capacity; Urban Mining Group achieved significant results in loss reduction; and the Overseas Market Department made important contributions to GEM’s profit growth.

2. Continuous leadership in technological innovation leads to the steady enhancement of global competitiveness.

GEM achieved industrialization breakthroughs in multiple core technologies throughout the year, yielding fruitful research and innovation results; furthermore, its patent applications and standard-setting remained industry-leading, with several technologies venturing into the "No Man's Land" of international innovation. The Indonesian base achieved a full industrial chain integration from resources to materials, while the domestic circular industrial chain maintained highly efficient synergy, resulting in a more refined global industrial layout. Significant achievements were made in ESG construction, leading to a continuous rise in brand influence and further consolidating GEM's leading position in the industry.

3. Management efficiency improved significantly as capital vitality continued to be stimulated.

Quality management achieved new breakthroughs, driving the transition from "meeting standards" to "leading standards". The capital structure was continuously optimized, highlighted by the successful issuance of innovative financial products. Key progress was made in the H-share listing, with value communication gaining high recognition from the capital market, marking a solid step forward in the development of an international capital platform.

The year 2026 marks the inaugural year of the "15th Five-Year Plan" and a critical year for GEM’s evolution into a world-class green and low-carbon industrial enterprise. GEM underscored that compliance is the bottom line, requiring strict adherence to the red lines of laws and regulations and alignment with international rules to build a globally advanced compliant enterprise. Steadiness is the cornerstone, necessitating an increase in core business gross margins, rigorous cost and expense control, and the safeguarding of capital chain security. Quality and efficiency enhancement serve as both the path and the goal; GEM aims to comprehensively upgrade product quality, management standards, and the caliber of its talent pool. Management teams at all levels must shoulder their operational responsibilities to generate tangible profits and ensure that all business objectives are implemented with substantive results.

In the new year, GEM will focus on its three core businesses: Key Metal Recovery and Extraction, Lithium Power Battery Recycling, and New Energy Materials Core Manufacturing. Simultaneously, GEM will comprehensively advance ten "Upgrade Projects," covering compliance governance, financial stability, capital chain security, market and supply chain management, core business optimization, innovation drive, quality branding, lean management, team building and talent cultivation, as well as capital value and Environmental and Social Responsibility (ESG). By strengthening internal capabilities and implementing extreme cost reduction, GEM aims to multiply its innovation outcomes and fully forge global competitiveness.

Guided by dreams that span mountains and seas, distance is never an obstacle; though the road ahead is long, we march forward with bold strides." GEM calls upon all employees to embrace the courage of a galloping steed, the vitality of a surging tide, and the unceasing drive of a tireless pioneer. It is imperative to integrate compliance awareness into our very lifeblood, make steady operation the norm, and translate quality and efficiency enhancement into decisive action. Together, we shall fortify the foundation of the company’s high-quality development, hoisting our sails and riding the waves toward the strategic goals of GEM in 2026.

The conference concluded to a resounding and prolonged ovation. It was not only a grand celebration to reflect on past endeavors and honor achievements but also a solemn swearing-in ceremony to anchor future goals and ignite the spirit of progress. Participating executives voiced their commitments, expressing unwavering confidence in the full realization of all 2026 operational targets. Standing at this new starting point, GEM, armed with steadfast strategic resolve, a clear and powerful action plan, and surging enthusiasm, has sounded the clarion call for a new journey of high-quality development. With full momentum, GEM is charging toward the grand vision of building a world-class, green, and low-carbon industrial enterprise!