On July 24, FIOCCO Group's 2026 semi-annual work conference was held in the lecture hall on the 6th floor of the Group Headquarters. Shi Yun, Chairman of the Group, Shi Mei, Director & President, Zhou Zaifang, Vice President, together with principal persons-in-charge of all subsidiaries and business departments attended the meeting. The participants comprehensively reviewed the operational performance of the first half of the year and systematically arranged all work for breaking through difficulties in the second half of the year.

During the meeting, persons-in-charge of each subsidiary and relevant departments delivered detailed reports and shared updates on first-half sales performance, customer trends and work plans for the second half of the year. While acknowledging the hard work of all teams, Chairman Shi Yun conducted an in-depth analysis of eight core challenges confronting the Group: shrinking overseas demand, single customer structure, intensified supply chain diversion, vicious low-price competition within the industry, losses caused by exchange rate fluctuations, rigid rise in operating costs, stricter compliance supervision, and insufficient innovation momentum. He also pointed out prominent weaknesses including weak innovation awareness, lack of initiative and lagging technology application, stressing that the Group must face problems head-on, take proactive reform and launch targeted campaigns.

For the work in the second half of the year, Chairman Shi Yun put forward nine actionable implementation guidelines: Stay confident and refuse to slack off; Carry out targeted breakthrough campaigns; Diversify markets, products and cooperation models; Integrate resources through internal and external two-way empowerment; Deepen existing business while exploring new growth points; Leverage AI to expand customer groups intelligently and efficiently; Strictly adhere to internal control and compliance standards; Transform the development model with long-term vision; Pool efforts on investment promotion for Yunshang Valley and drive industrial park upgrading via AI innovation.

The meeting called on all staff to maintain strategic resolve and take proactive responsibility. With innovative breakthroughs and pragmatic actions, all employees shall stay confident, face difficulties squarely, break through bottlenecks, achieve innovative transformation, operate in compliance and pursue progress amid stability, jointly lifting the Group out of its downturn and realizing high-quality development. The Group must abandon short-term profit-driven thinking, step away from the extensive development model reliant on low-price competition and single-source dependence. Based on the enterprise's long-term sustainable development, we shall proactively lay out future business tracks and build long-term core competitiveness for the enterprise.