11 Mar 2026 Yue Yuen Industrial 2025 Annual Results Disclaimer Yue Yuen and Pou Sheng have taken every reasonable care in preparing this presentation. However, please be reminded that the information, materials, opinions and statements contained or referred to in this presentation are all provided on an "as is" basis. None of the aforesaid information, materials, opinions and statements constitutes or will be viewed as investment advice or an offer, or a solicitation, recommendation or suggestion by Yue Yue ...

Core Insights - CES 2026 highlighted cutting-edge AI technology, with Hangzhou Staray Technology Co., Ltd (STARAY) showcasing its innovative 3D printed integrated shoes, gaining significant attention for its smart manufacturing capabilities and globalization strategy [1] Group 1: Product Experience - Attendees at CES experienced 3D printed footwear for the first time, noting sensations such as lightweight, flexible, and snug, leading to a high volume of on-site orders for STARAY [2] - STARAY's product philosophy emphasizes daily walking comfort, aiming to make shoes a supportive companion for long hours of walking and standing, resonating with diverse audiences [4] - The integrated shoe structure of STARAY's products reduces discomfort associated with traditional footwear, enhancing the natural walking experience through a supportive lattice design [5] Group 2: Design and Comfort - STARAY's footwear strikes a balance between technology and everyday life, providing a comfortable experience that is neither too rigid nor too loose, making it suitable for all-day wear [7][8] - The brand's design language is appreciated for its simplistic yet futuristic aesthetic, allowing the shoes to fit seamlessly into various cultural contexts without overemphasizing functional attributes [9] Group 3: Recognition and Manufacturing - STARAY received the Best Media Impact Innovation Award at CES, reflecting a consensus that when technology translates into comfort, it becomes more appealing to consumers [11] - The manufacturing process of STARAY focuses on sustainability, utilizing a bio-based, glue-free method that aligns with environmental values, reducing resource waste and energy consumption [12] Group 4: Globalization Strategy - Since its establishment in 2020, STARAY has developed a globalization framework encompassing R&D, design, manufacturing, and branding, with a design center in Italy and localized production lines [14] - The brand has successfully entered key consumer markets such as Japan, the United States, and Europe, establishing a phased presence in Japan through direct operations and boutique channels [14] Group 5: Long-term Vision - The founder emphasizes that STARAY's focus is not solely on leading technology but on delivering a precise, comfortable walking experience, viewing footwear as an extension of lifestyle [16] - STARAY aims to establish a long-term value path for Chinese innovation, ensuring its products resonate with global consumers and enhance the reputation of Chinese manufacturing [17]

Market Overview - Pre-market futures indicate a positive market sentiment with the Dow up 300 points, S&P 500 up 50 points, Nasdaq up 250 points, and Russell 2000 up 25 points, despite less favorable economic reports [1] Employment Data - Initial Jobless Claims were reported at 228K, slightly below the estimated 230K, marking a decrease of 13K from the previous week's revised figure of 241K, indicating stability in the labor market [2] - Continuing Claims reached 1.879 million, consistent with trends over the past six months, although the previous week reported 1.916 million, the first print above 1.9 million since November 2021 [3][4] Productivity and Labor Costs - Q1 U.S. Productivity showed a negative growth of -0.8%, which is 10 basis points lower than expectations, following a +1.5% growth in Q4 2024, marking the first negative print since Q2 2022 [5] - Unit Labor Costs increased by 5.7%, exceeding the expected 5.1%, the highest level since Q3 2020, indicating potential challenges for economic growth [6] Company Earnings Reports - Shopify (SHOP) reported Q1 earnings of $0.25 per share, missing consensus by a penny, while revenues of $2.36 billion exceeded expectations by 1.32%, but shares fell by 7% [7] - ConocoPhillips (COP) surpassed earnings estimates with $2.09 per share and revenues of $17.1 billion, outperforming the previous year's $14.48 billion, leading to a 1.6% increase in shares [8] - Crocs (CROX) reported earnings of $3.00 per share, exceeding expectations by 19.5%, with revenues of $937.3 million slightly below year-ago levels, resulting in a 4.7% increase in shares [9]