The year 2026 arrives as promised. Happy New Year, everyone.

Standing at the juncture of time's transition and looking back, we see a world continuously sprouting new opportunities amidst challenges and gathering strength through transformations. Even more, we see a path of Chinese industry—illuminated by the sweat and wisdom of countless strivers—advancing courageously toward the "new."

In 2025, humanoid robots, industrial large models, autonomous vehicles, and more collectively surged forward at a breathtaking pace, as the wave of artificial intelligence swept across with unprecedented momentum. Luculent was successfully selected into the ninth batch of "National Manufacturing Single Champions," honored with the first prize in the national finals of the Seventh Industrial Internet Competition, and had five achievements recognized as "internationally leading"... We advanced through seeking change and innovation, growing resiliently within the process of Chinese modernization.

Every tree must have roots to sprout; every river must have a source to surge.

Luculent's choice is to "sink roots deep."

We deeply integrate industrial knowledge with real-world scenarios, embedding code into the depths of mines, enabling large models to perceive every operation of industrial equipment, transforming risk warning from "post-incident remedy" to "advance prediction." We implant algorithms into steel production lines, allowing AI to capture optimization potential for energy savings in the spark of operation, painting a new picture of green and low-carbon development. In bustling power plants and vast new energy stations, we weave a "cloud-edge collaborative" intelligent network, extending management reach to every corner.

Luculent's persistence is to "grow outward."

We actively embrace the innovation and creation ecosystem, building a full-stack AI+ capability system. We have achieved independent and controllable technological adaptation across seven major domains from chips and operating systems to databases. We have expanded our ecosystem by partnering with Huawei, Inspur, Inovance, JD Industrial, and others. Together with Wuhan University of Technology, we co-established the Industrial Internet Technology Joint Innovation Center, promoting the deep integration of innovation and talent.

Luculent's responsibility is to "walk the path of pragmatism."

With a dedication to "understanding industry," we infuse intelligence into the vital arteries of various sectors: building the Energy Industrial Internet Service Center for China Datang Corporation; creating an "AI+ Penetrating" safety management and control system for Huadian Coal Industry; establishing a new energy intelligent operation platform for Inner Mongolia Energy Group; enabling every piece of equipment and every spare part of Zhongyan Inner Mongolia Chemical to achieve full lifecycle management through the "One-Code-Through" system. Vice Minister of Industry and Information Technology Xiong Jijun made a special visit to investigate our AI benchmark projects developed for China Guodian Power and State Power Investment Corp. The Liaoning provincial government has invited us for five consecutive years to participate in the Global Industrial Internet Conference. This trust stems from our constant grounding in reality and delivery of tangible, perceptible value.

Luculent's horizon is to "be born anew towards the new."

"New" refers to new quality productive forces, to the new efficiencies and models brought by the deep integration of artificial intelligence with industrial scenarios. "New" is also the direction of our aspirations: the long-term confidence brought by the strategic investments from Shandong Development & Investment Holding Group and Jinan Hi-tech Holding Group; the earnest exhortation during the inspection by Nanjing Acting Mayor Li Zhongjun to "contribute to Jiangsu's new quality productive forces"; and the recognition and expectations borne from appearing on CCTV's "Brand Power Project" and being featured on the front page of China Electric Power News.

All these achievements in 2025 are inseparable from every one of you who has journeyed alongside us. It is you who delve into client sites to research needs and refine solution details; you who test repeatedly in the lab, pondering over technological breakthroughs; you who tirelessly rush about on project frontlines ensuring delivery quality; you who return home weary yet silently support the forefront... Every striving figure is amassing the force for growth; every relentless pursuit defines the most beautiful essence of a striving Luculent!

Your perseverance brings a certain warmth to an uncertain world.

Chase the wind and the moon without pause; beyond the plains lie spring mountains.

Facing the "15th Five-Year Plan" period, global competition in technology and industry intensifies. Digital-intelligent technologies are accelerating their penetration and integration across all factors, the entire industrial chain, and the whole value chain of manufacturing. This demands we assess the situation with clearer minds and embrace change with firmer steps. In 2026, Luculent will deepen its "Full-Stack AI+" strategy, empower industries with digital intelligence, journey far with steadfast action, promote the transformation of industrial knowledge into software, platformize software capabilities, and ecosystemize platform value. We will enable more enterprises to share the dividends of digital transformation and assist Chinese industry in sailing forward through the waves of globalization.

"The footprints of every dream-chaser running hard converge into the mighty momentum of a nation marching forward." May every effort shimmer with light. May we advance steadfastly and become our own good fortune.

Forward, 2026! Upward, Luculent!

Salute to every striver of our time, every value creator!

Wishing everyone peace, success in your endeavors, and happiness for your families in the new year!

Luculent Smart Technology Co., Ltd.

December 31, 2025