KONE Elevator Co., Ltd. 2025 Annual Board of Directors Work Report
In 2025, KONE Elevator Co., Ltd. (hereinafter referred to as "KONE Elevator" or "the Company") Board of Directors strictly abided by the "Company Law," "Securities Law," "Shenzhen Stock Exchange Stock Listing Rules," "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guidelines No. 1 - Standardized Operation of Main Board Listed Companies," and other relevant laws and regulations, as well as the "Articles of Association" and "Board Meeting Rules of Procedure" and other company rules and regulations. With a sense of responsibility to all shareholders, the Board diligently performed its duties entrusted by the shareholders' meeting, standardized operations, made scientific decisions, steadily implemented all resolutions of the shareholders' meeting, continuously improved the company's governance level, effectively protected the interests of the company and all shareholders, and promoted the company's sustained, healthy, and stable development. The work of the Board of Directors in 2025 is hereby reported as follows:
I. Overall Business Operations in 2025
In 2025, real estate regulation was guided by the policy of "stabilizing expectations, stimulating demand, optimizing supply, and defusing risks." Efforts were made to control incremental growth and destock inventories. Indicators such as real estate development investment and new construction area continued to decline. The contraction in supply and optimization of inventory led to a new balance in the industry's deep adjustment. Affected by the situation in downstream industries, competition in the elevator industry intensified, and new order demand and prices remained under pressure.