GOLDLOK 2025 Board of Directors Work Report
I. Review of Key Work in 2025
In 2025, the company's Board of Directors strictly adhered to the relevant provisions of the Company Law, Securities Law, and the Articles of Association, diligently fulfilling its duties as stipulated in the Articles of Association, ensuring standardized operations and scientific decision-making. The Board diligently implemented all resolutions of the Shareholders' Meeting, actively and conscientiously carried out various tasks with the annual production and operation goals as the central focus. In 2025, the company faced challenges such as the ongoing international geopolitical conflicts, a severe and complex external operating environment, shrinking demand, and economic downturn. In the face of these multiple challenges, the company's management team actively explored new markets, continuously strengthened the expansion of domestic and international markets and product research and development. The company focused on internal improvements, strengthened internal management, enhanced refined management, reduced costs and increased efficiency, promoted the improvement of the company's operational efficiency and effectiveness, and advanced the healthy and sustainable development of the company's main business. With the support of the major shareholder, the company obtained bank financing, ensuring normal cash flow turnover and stable company operations. During the reporting period, the company made progress in product R&D, customer expansion, and deepening customer cooperation in the toy and related business segments, which drove the stable development of overall revenue.