On 15 July, Dalipal Holdings Limited (the “Company”) convened its 2025 Interim board meeting in Hong Kong. Chairman of the Board, Meng Fanyong presided over the meeting, with directors of the Company and chairpersons of its subsidiaries in attendance. Senior executives of the Company were also present.

The meeting reviewed work reports submitted by the chairpersons of the subsidiary companies and deliberated on and approved the Proposal on Appointing Additional Directors for Dalipal Pipe Company. Attendees engaged in in-depth discussions on core topics including management upgrades and international expansion strategies. Key resolutions formed during the meeting included focusing on high value-added products; strengthening internal management to enhance risk resilience; continuing to advance the Saudi Arabia project. These strategies have laid a solid foundation for the Company’s operational initiatives in the second half of the year.