New Year Address

As time flows like a pristine stream and seasons shift with silent grace, we have journeyed together through a year of challenges and opportunities in 2024, stepping into the promising dawn of 2025. At this auspicious moment of renewal, I, on behalf of Zhejiang CLASSICAL Construction Co., Ltd., extend heartfelt gratitude and warmest wishes to our leaders, partners, employees, and their families. Your unwavering support and trust have propelled us forward through trials and triumphs, collectively writing a glorious chapter for CLASSICAL Construction.

Looking back at 2024, CLASSICAL Construction achieved growth against market headwinds, advancing resolutely on our strategic path toward becoming a comprehensive general contractor.

Seizing opportunities in the regional construction market’s recovery, we excelled across all sectors—general contracting, interior decoration, curtain wall engineering, municipal engineering, and exhibition design—with a landmark breakthrough in municipal projects. This year, we not only expanded our business volume but also achieved transformative improvements in quality and efficiency, laying a robust foundation for sustainable growth.

In 2024, CLASSICAL’s technological innovation surged. National patents for inventions and utility models were granted across projects, showcasing our prowess in smart construction and scientific innovation.Our digital-intelligent transformation yielded remarkable results. Through the "Five Transformations"—project design, construction organization, cost optimization, safety management, and excellence pursuit—we enhanced efficiency and consistency with smart site management systems. By embedding innovation into every project, we solidified our industry leadership.

In 2024, our brand influence soared, driven by Party-building-guided high-quality development. Management innovations flourished: a refined quality control system boosted efficiency and cost-effectiveness, risk management systems were optimized, and standardized operations reached new heights. The updated corporate culture ignited frontline morale, fostering collective pride in our progress.

We recognize that corporate success lies not only in growth but also in cultural vitality and employee well-being. Thus, we strive to cultivate a harmonious, dynamic workplace where every individual finds belonging and fulfillment.

To every CLASSICAL employee: your dedication and ingenuity have built today’s brilliance. To families: your silent support empowers our workforce. Together, you form the warm, resilient backbone of the CLASSICAL family.

In 2025, amid economic complexities and fiercer competition, we will advance under the principle of "spearheading innovation, prioritizing customer value, and delivering premium quality", fully implementing the "Five Transformations" to achieve our vision of becoming the "Client’s First Choice, Industry Benchmark". With openness and resolve, we will embrace challenges and seize opportunities.

Finally, Wishing everyone a joyous Spring Festival and boundless good fortune! To the CLASSICAL family: may you enjoy abundant blessings, health, peace, and happiness!

Let us march forward together to embrace greater challenges and a brighter future!

Zhejiang CLASSICAL Construction Co., Ltd.

Ye Tiyong, Chairman