Fuao Group: Related emerging businesses are currently still in the stage of market development and product introduction overall.

Fosun Group recently stated during a institutional research interview that its related emerging businesses are currently still in the stage of market development and product introduction. Although Xiaopeng Huitian's related projects are about to enter the mass production stage, due to the early stage of development in this field, it is expected that the related business will have relatively limited contribution to the company's revenue in 2026 and the near future, and will not have a significant impact on the company's operating results. The company's layout in the aforementioned emerging fields is mainly aimed at nurturing long-term growth momentum and seizing opportunities in future industrial development. As the market gradually matures and the company's subsequent orders are implemented, the contribution of related businesses to operating performance is expected to gradually become apparent.