Group 1: Company Overview - Huapengfei Co., Ltd. provides global logistics services, primarily serving clients in the renewable energy, new materials, oversized equipment, and 3C electronics industries [3] - The company has established wholly-owned subsidiaries in Hong Kong and Kazakhstan, with liaison offices in Almaty, Aqtau, and Belarus to support regional operations [4] Group 2: Business Strategy and Growth - The company's future focus will shift towards expanding international logistics while optimizing existing domestic logistics operations [3] - Huapengfei aims to enhance its competitive edge through direct procurement of transportation assets and a modernized fleet for cross-border logistics services [3] Group 3: Operational Insights - The average billing cycle for clients varies, with most clients having an average billing period concentrated between 45-90 days [3] - As of August 2025, there are 240 certified TIR enterprises in China according to the latest statistics from the China Road Transport Association [4] Group 4: Market Position and Competitiveness - The company integrates various social logistics resources through market-oriented methods to improve logistics operation efficiency and reduce costs [3] - Huapengfei is actively developing core operational capabilities along Central Asia, Central Europe, Central Russia, and Southeast Asia routes, maintaining an open attitude towards market exploration [4]

Group 1: Company Overview - Huapengfei Co., Ltd. provides global logistics services, primarily serving clients in the renewable energy, new materials, oversized equipment, and 3C electronics sectors [3] - The company is focusing on expanding its international logistics business while optimizing its existing domestic operations [3] Group 2: Business Operations - The average billing cycle for clients varies, with most clients having a billing period concentrated between 45-90 days [3] - The company has established a modern, high-end fleet for cross-border logistics services, utilizing both direct procurement and reliable social logistics resources to enhance operational efficiency [3] Group 3: International Presence - Huapengfei has set up wholly-owned subsidiaries in Hong Kong and Kazakhstan, with liaison offices in Almaty, Aqtau, and Belarus to support regional operations [3] - The company is developing core operational capabilities along routes in Central Asia, Central Europe, Central Russia, and Southeast Asia, while maintaining an open attitude towards market exploration [4] Group 4: Industry Statistics - As of August 2025, there are 240 certified TIR enterprises in China according to the China Road Transport Association [4] - The company ensures that each vehicle is operated by two drivers to comply with the one vehicle, two drivers requirement [4]

Core Viewpoint - The company has received approval from its board to execute a share buyback plan for its Class B shares, which is seen as undervalued compared to the company's performance and intrinsic value [1] Group 1: Share Buyback Plan - The board has been authorized to repurchase up to 10% of the total issued Class B shares as of the date of the annual general meeting on June 18, 2025 [1] - The buyback is intended to create capital management benefits for shareholders and align with the overall interests of the company and its shareholders [1] Group 2: Market Focus and Strategy - The company aims to solidify its market position in Southeast Asia and China while gradually enhancing its presence in new markets [1] - The company plans to leverage significant growth opportunities from the global expansion of e-commerce platforms [1] Group 3: Operational Efficiency and Financial Health - The company will focus on refined management practices to continuously reduce costs, utilizing its experience in China to empower overseas operations [1] - The board believes that the company's financial condition supports the proposed buyback plan while maintaining sufficient financial resources for ongoing business growth [1]