Liaoning Fangda Group Industrial Co., Ltd. (hereinafter referred to as “Fangda Group”) is a large cross-industry, cross-regional and diversified enterprise group with strong international competitiveness, focusing on five core business segments: carbon materials, steel, pharmaceuticals, commercial retail and civil aviation. The Group’s physical headquarters is based in Beijing, while its finance and pharmaceutical divisions are headquartered in Shanghai. Its subsidiaries are spread across more than 30 provinces, municipalities directly under the Central Government and autonomous regions including Beijing, Shanghai, Tianjin, Chongqing, Liaoning, Gansu, Jiangxi, Sichuan and Hainan. Boasting total assets of nearly RMB 500 billion, around 130,000 on-the-job employees and annual sales revenue exceeding RMB 300 billion, Fangda’s products are widely applied in metallurgy, machinery manufacturing, construction engineering, medical devices, aerospace, healthcare, commercial circulation, public transportation and other fields. It is ranked among China’s Top 100 Enterprises in Strategic Emerging Industries.

Fangda Group owns nine listed companies, namely Fangda Carbon New Material Technology Co., Ltd. (Fangda Carbon, SH600516), Fangda Special Steel Technology Co., Ltd. (Fangda Special Steel, SH600507), Northeast Pharmaceutical Group Co., Ltd. (Northeast Pharmaceutical, SZ000597), Zhongxing – Shenyang Commercial Building (Group) Co., Ltd. (Zhongxing Commercial, SZ000715), Hainan Airlines Holding Co., Ltd. (HNA Holding, SH600221), Chengdu Fangda Carbon Graphite Composite Material Co., Ltd. (Chengdu Carbon Material, 874035), Beijing Shouhang Helicopter Co., Ltd. (Shouhang Helicopter, 832494), Yihang Technology Co., Ltd. (Yihang Technology, 831608), and Hainan Xinsheng Feixiang Media Co., Ltd. (Xinsheng Feixiang, 832297); six large integrated iron and steel enterprises – Fangda Special Steel, Pingxiang Pinggang Anyuan Steel Co., Ltd. (Ping’an Steel), Jiujiang Pinggang Iron and Steel Co., Ltd. (Jiujiang Steel), Sichuan Fangda Vanadium Titanium Group Co., Ltd. (Sichuan Vanadium Titanium), and Yunnan Fangda Vanadium Titanium New Materials Co., Ltd. (Yunnan Vanadium Titanium); one large machinery manufacturing multinational enterprise – Northern Heavy Industries Group Co., Ltd. (Northern Heavy Industries); one large commercial circulation enterprise – Tianjin Yishang Group Co., Ltd. (Tianjin Yishang); and multiple hospitals under its pharmaceutical sector, including Liaoning Fangda General Hospital and The Third Affiliated Hospital of Chongqing Medical University (Fangda Hospital).

Fangda Carbon ranks as the world’s largest integrated carbon enterprise and China’s sole qualified manufacturer of nucleargrade carbon products. Fangda Special Steel is a highend production base for spring flat steel and automotive leaf springs in China and is accredited as a national AAAAlevel tourist attraction. Jiujiang Steel and Ping’an Steel are highly competitive, fullspecification production bases for construction steel in China. Dazhou Iron and Steel is a key highquality vanadiumtitanium steel production base in Southwest China. Sichuan Vanadium Titanium operates one of Western China’s most competitive steel production bases, with comprehensive vanadium resource utilization ranking among the top in the country. Yunnan Vanadium Titanium has built Southwest China’s first fullprocess digital intelligent vanadiumtitanium smelting plant. Northeast Pharmaceutical is an important pharmaceutical production and export base in China and is rapidly entering the bioinnovative drug track. Its subsidiary, Beijing Dingcheng Peiyuan Biotechnology Co., Ltd., is a national hightech enterprise focused on the development and transformation of solid tumor cell therapy products. Built with an investment of nearly RMB 10 billion, Liaoning Fangda General Hospital is the largest single comprehensive hospital in China planned and constructed as one integrated project. The Third Affiliated Hospital of Chongqing Medical University (Fangda Hospital) is a national Grade A tertiary hospital, with overall medical standards ranking firstclass in Chongqing and leading expertise in several medical fields. Northern Heavy Industries is a national hightech enterprise and a core backbone of China’s heavy machinery manufacturing industry, renowned as “the cradle of China’s heavy machinery industry,” with its products sold in global markets. Fangda Equipment Manufacturing Group, built around Northern Heavy Industries, cooperates with enterprises across the global equipment manufacturing industry chain to serve national strategic needs. Zhongxing Commercial is one of the largest modern, multifunctional, onestop department stores in Northeast China, integrating merchandise sales, leisure fitness, catering, and entertainment. Tianjin Yishang, focusing on department store retail, commodity trading, modern logistics, and business services, enjoys the reputation of “No. 1 Commerce in Tianjin.” HNA Aviation Group is the fourth largest aviation group in China. Its airlines operate domestic bases across key first and secondtier cities as well as major tourist cities, forming a core base layout of “two primary plus two auxiliary” – BeijingTianjin & Hainan, GuangzhouShenzhen & ChengduChongqing – and strategic hubs in Shanghai, Xi’an, Kunming, Fuzhou, Zhengzhou, Urumqi, and other key cities. The group operates over 800 aircraft and more than 3,000 routes, with over 23 million cumulative safe flight hours and zero accidents in domestic transport aviation. Since joining Fangda Group, its severe incident rate and humancaused incident rate per 10,000 flight hours have both remained zero, demonstrating industryleading flight safety performance. Among its carriers, Hainan Airlines is the first private airline in China to receive the CAAC “Diamond OneStar Flight Safety Award.” Moreover, since 2011, Hainan Airlines has been honored as a “SKYTRAX FiveStar Airline” for the 14th consecutive time, making it the first and only SKYTRAX FiveStar Airline in Mainland China. Fangda Chongqing Aviation City is an aviation industry cluster project with an investment of over RMB 100 billion by Fangda Group, designed to help upgrade Chongqing’s aviation industry chain and inject new momentum into highquality regional economic development.

Rooted in the corporate culture of “Party building as the soul”, Fangda Group sticks to the enterprise guideline of “following the Party’s instructions and directions”, always keeping in line with the CPC Central Committee. The Group ensures its development complies with the requirements of the CPC Central Committee, relevant laws and regulations, market-oriented rules, public interests and the wellbeing of all employees. Upholding the philosophy that“Fangda develops for employees, relies on employees and shares development fruits with employees”, the Group fosters strong employee loyalty and drives robust corporate growth. Beyond full compliance with national policies, Fangda has rolled out a series of exclusive employee welfare schemes including medical expense subsidies, mobile phones and communication allowances, parental respect stipends, Fangwei Scholarship and Fangda supplementary pension plan, with cumulative welfare expenditure exceeding RMB 6.5 billion to date. Following the tenet of “derive from society and repay society”, Fangda has long been devoted to charity and social responsibility. Since 2005, it has funded the construction of 14 Hope Primary Schools to ease education shortages in remote regions. In 2019, it donated RMB 100 million to Fushun for poverty alleviation and educational support; starting from May 2019, RMB 550 million was injected into industrial poverty alleviation in Dongxiang County, Gansu Province, helping the county shake off poverty and earning the honor of “National Advanced Collective in Poverty Alleviation” awarded by the CPC Central Committee and State Council in February 2021. In 2020, Fangda donated RMB 300 million for COVID-19 containment, ranking first among domestic manufacturing enterprises on the National Anti-Epidemic Hero List and winning the national title of Advanced Private Enterprise in COVID-19 Response. For disaster relief: RMB 200 million of cash and supplies were donated for Henan flood relief and RMB 100 million for Shanxi flood control in 2021; RMB 25 million worth of epidemic prevention supplies went to Shanghai, Haikou and Sanya, alongside RMB 10 million cash for post-quake reconstruction after the Luding Earthquake in 2022; RMB 60 million of funds and supplies for Beijing flood relief and RMB 50 million for Gansu earthquake rescue in 2023. In 2025, the Group donated RMB 30 million for Xizang earthquake relief, RMB 10 million apiece for Beijing flood prevention and Yuzhong flood disaster in Gansu, and cooperated with Hong Kong Airlines to donate RMB 20 million plus HKD 10 million and relevant supplies for Hong Kong fire rescue. Also in 2025, the Group launched the New HNA Bright Vision Program to provide free cataract surgeries for hundreds of impoverished patients in Dunhuang. Up to now, Fangda’s total investment in charity, poverty alleviation and rural vitalization has exceeded RMB 5.7 billion. Its outstanding charitable contributions have won numerous accolades, including the 12th China Charity Award (2023), National Model Unit of Red Cross Society of China (2024), and the Special Contribution Award of Red Cross Society of China in 2024 and 2026.

Looking ahead, Fangda Group will stay true to its original aspiration and mission, closely align development with China’s national strategies and pursue innovation-driven high-quality development. Committed to building an internationalized large enterprise group featuring streamlined core businesses, scientific management and outstanding core competitiveness with strong industrial influence, Fangda will keep fulfilling social responsibilities to make greater contributions to the country and society and realize sustainable long-term high-quality development.