2025 Board of Directors Work Report
In 2025, the Board of Directors strictly adhered to the provisions of the Company Law, Securities Law, and other laws and regulations, as well as the Company's Articles of Association and internal control systems. It diligently fulfilled its duties entrusted by the shareholders' meeting, rigorously implemented all resolutions of the shareholders' meeting, actively promoted the implementation of all resolutions of the Board of Directors, continuously standardized the company's corporate governance structure, and ensured scientific decision-making and standardized operations of the Board of Directors. In terms of company management, the Board of Directors diligently carried out its work, conscientiously implemented the company's development strategy, and executed the work plan formulated at the beginning of the year, maintaining the company's high-quality development.
The company's work in 2025 is hereby reported as follows:
I. Overall Business Performance in 2025
In 2025, the insufficient momentum of global economic recovery and the intensification of international trade barriers affected overseas market demand to a certain extent. Domestically, the consumer market showed structural differentiation, with domestic demand for apparel growing at a slower pace than the overall retail sales of consumer goods. Facing a complex and changing domestic and international economic environment, the company adopted "Consolidating the Real Economy, Expanding Sources and Reducing Expenditures; Mustering Efforts, Pioneering and Forging Ahead" as the annual corporate theme. Under the correct leadership of the Board of Directors, all employees overcame difficulties and effectively responded to multiple challenges posed by international situations and market environment changes. All business segments achieved steady development, and the overall business performance showed a good trend of steady progress with simultaneous improvements in quality and efficiency.