On the afternoon of March 19th, the chairman of the group company arrived in Bangkok, Thailand to begin a two-day inspection of the Thai construction market and attend the first general meeting of shareholders of Yongcheng Construction (Thailand) Co., Ltd.

On the morning of March 20th at 8:00 am, the Chairman, accompanied by the General Manager of the Group and the Deputy General Manager of Yongcheng Construction, visited TC-TOWN, the Investment Promotion Department of the park, and the commercial area invested by nearby Chinese enterprises in the Thai Chinese Rayong Industrial Park. The Thai Chinese Industrial Park is one of the first overseas economic and trade cooperation zones in China, and is a modern industrial zone developed by China Huali Group and Thailand Anmed Group in Thailand for the Chinese manufacturing industry. The park has been identified as one of the first national level overseas economic and trade cooperation zones, and has now formed a well-known and influential Chinese overseas economic and trade cooperation zone in Thailand. The park is expected to accommodate 300 enterprises and create up to 100000 job opportunities for Thailand. Subsequently, the chairman and his delegation went to Jiangsu Zhejiang Shanghai Industrial Park, PINTHONG Industrial Park, Guangxi Zhengda Industrial Park, WHA Weihua Industrial Park, and visited BYD and Haier's ongoing projects in Thailand; Later, the chairman conducted an on-site inspection of the WHA-O plot that the group company was about to cooperate with. After finishing their one-day inspection trip, the chairman and his delegation visited the temporary office of Yongcheng Construction (Thailand) Company, where they had a cordial meeting with all members of the Thai company and inquired about their work and life situations one by one. They then had a discussion and exchange.

At the exchange meeting, we first listened to the "Thailand Construction Market Research and Investigation Report" by Shen Qiang, Marketing Department of Yongcheng Construction. The report comprehensively interpreted the overall objectives, promotion plan, park investment and operation research, Thailand material market research, labor market research, machinery leasing market research, group management system, business summary, construction market trends, expansion direction, and Thailand company's strategic planning for the next five years of the Thailand construction market investigation. After listening to the report, the chairman pointed out that from the content covered in the report, it can be seen that the efforts of the Thai company team for more than half a month are clearly visible. The comprehensiveness of the content, the richness of the data, and the uniqueness of the analysis all demonstrate the team's dedicated results. He stated that based solely on the data from the research report, the Thai market has experienced a frenzy of overseas investment and development in the past three years, and the construction market can be said to be very hot by 2025. He believes that from the overall perspective of the construction industry, it can reach its peak in the next two years. The construction of industrial plants in Thailand is still in the blue ocean stage, and the market will improve in the future. But as the United States continues to increase tariffs on China and build trade barriers, domestic investors will flock to Thailand and other Southeast Asian markets to invest and build factories. At the same time, the construction team will also follow up exponentially, which will inevitably lead to a red ocean phenomenon of competition in the construction market. In addition, the chairman also pointed out that the content of this report needs to be supplemented from two aspects: the advantages and disadvantages of Dongfang Group. It is necessary to make the partners clearly feel what advantages our group company has (stable cooperation in the domestic supply chain, support from our own trading company, professional management system, and talent reserve support, etc.), which can enhance our core competitiveness in market expansion; We also need to make the cooperating units aware of our shortcomings in the short term (such as external relationship coordination, engineering approval procedures, and capturing new project information), which require their strong support. Finally, the chairman gave important instructions on the strategic planning of Yongcheng Construction (Thailand) Company for the next five years. He stated that the establishment of a new company must first have clear strategic goals. If long-term goals cannot be set in the short term, then at least medium or short-term goals should be set. For the formulation of strategic goals for a new company, there should be both a guaranteed goal and a striving goal. This not only allows collaborators to see the future market and benefits, but also allows the team to see results and hope.

On the afternoon of March 21st, the chairman and general manager of the group went to the Marriott Hotel in Bangkok to attend the first general meeting of shareholders of Yongcheng Construction (Thailand) Co., Ltd. The meeting was held on time at 3 pm and was chaired by Lou Decheng, the general manager of Yongcheng Construction (Thailand) Co., Ltd. The meeting had a total of five agenda items: ① confirming the list and identity of shareholders; ② Deliberate the company's articles of association and proxy agreement; ③ Clarify the calculation of operating expenses after the establishment of the company; ④ Deliberate the establishment of an expansion department and read out personnel appointment documents; ⑤ Deliberate the company's business goals for the next five years. At the meeting, each shareholder made important speeches, and the chairman made an important speech. The meeting finally came to a successful and smooth conclusion.

Lou Decheng, Liu Feng, Shen Qiang, and Yao Peng accompanied the first shareholders' meeting.