On the morning of March 14, 2026, the Nylon Division held an open competitive evaluation meeting for the performance of the leadership teams of its factory-based units in the conference room on the second floor of the East Annex Building of Shenma Co., Ltd.

In accordance with the Group’s “Implementation Plan for Organizational Reform, Quality Improvement, and Efficiency Enhancement in the Nylon and Dual‑New Business Segments,” and with the approval of the Group Party Committee, the Nylon Segment has issued the “Notice on Public Competitive Recruitment of Leadership Team Members for Factory‑Based Units,” launching a public competitive recruitment process for the leadership teams of eight factory‑based units: Lianzibu Company, Longtai Company, Ningdong Project, Egypt Project, Puli Materials Company, Long’an Chemical Company, Engineering Plastics Company, and Jiangsu New Materials Company. The primary focus of this performance evaluation meeting is to assess the work performance of applicants over the past three years. Supervisors from the Performance Evaluation Working Group for Publicly Recruited Candidates at Shenma Co., Ltd. provided full‑time oversight throughout the process.

Previously, the nylon sector had already completed the development of tire cord fabric companies, The public selection (and competitive bidding) process for the leadership teams of four entities—Nylon Technology Co., Hydrogen Chemistry Co., and Engineering Plastics Technology Development Co.—has been successfully completed, along with adjustments to the leadership teams of five integrated management units, as well as the signing of “Two Letters and One Agreement” and the payment of performance-based security deposits. This public competitive bidding for leadership positions in factory‑based units aims to identify outstanding managerial talent who are capable, responsible, and deliver exceptional results, thereby… The nylon division is strengthening organizational reform and enhancing quality and efficiency, providing organizational support for these efforts.

Implementing the “Chain Leader + Factory System” management model stems from the Nylon Division’s diligent study of the report on the visit and study tour led by Li Mao, Secretary of the Party Committee and Chairman of the Group, to Shandong Hualu Hengsheng Group. This initiative aligns with the Group’s strategic goal of striving to make the nylon industry world-class, while also putting into practice the Division’s development philosophy of “reform, innovation, and openness.” Restructure the organizational framework and optimize management processes. Specific measures to deepen the reform of the Product Business Unit. Moving forward, the Nylon Division will accelerate efforts to implement competitive bidding for leadership positions within factory-based units, striving to build a modern management system that prioritizes “profitability first, strong core businesses, lean operations, cost leadership, world‑class productivity per employee, and rigorous, meticulous performance evaluation,” thereby supporting the company’s pursuit of high‑quality development.