Announcement regarding Frost & Sullivan’s Policy Guidelines for Implementing the “Guidelines for Enforcement of Advertising Citation Content” Recently, Frost & Sullivan has observed that the General Office of the State Administration for Market Regulation has issued relevant notices to strengthen the supervision of suggestive terms in advertising. Subsequently, an announcement was made regarding the “Guidelines for Enforcement of Advertising Citation Content” (referred to as the Guidelines). Frost & Sullivan promptly organized its internal compliance team to carefully study the specific policy points of the Guidelines at the moment of their release. In addition, comprehensive notifications and risk warnings were provided to all related clients of Frost & Sullivan regarding the possible details related to Frost & Sullivan’s market position statement services, in order to prevent clients from improperly applying past research findings to various advertising citation scenarios. Over the past few years, during interactions with brand owners through market research services, Frost & Sullivan has gradually realized that traditional advertising creative forms cannot meet the increasing needs of brand owners. Brand owners urgently need to establish a unified brand recognition framework for their target audiences from a trustworthy, compliant, and reusable perspective. This demand has directly led to the emergence of the third-party consulting company market position statement as a new research service model. When conducting such research, Frost & Sullivan always adheres to professional research standards. In the complete reports and market position statement documents, pre-defined conditions such as statistical criteria, applicable time, sample scope, and data limitations are clearly indicated. The research conclusions also have strict application boundaries, and the original research is not suitable for direct use as a marketing slogan by brand owners. However Frost & Sullivan has found that some brand owners, when conducting advertising campaigns, extract favorable conclusions from reports in isolation, omit all or part of the underlying constraints, and remove the statistical boundaries. They simplify and transform a professionally conducted research conclusion into a marketing advertisement slogan for public dissemination, resulting in misleading advertising effects. To prevent the misuse of research results from misleading consumers, now officially released the following statement: Frost & Sullivan will completely cease research conclusions containing absolute advertising terms in market position statement services within the Chinese market. At the same time, a comprehensive review of the usage of historical research conclusions will be carried out, and relevant brand owners are required to immediately stop using historical research outputs that have exceeded the authorized period or do not meet the new advertising regulatory requirements. Frost & Sullivan will strictly comply with the policy requirements of the “Guidelines for Enforcement of Advertising Citation Content” and firmly oppose the abuse or misuse of serious industry research results. As a professional industry research institution, Frost & Sullivan is committed to building a trustworthy and compliant research ecosystem and delivering more research-based and meaningful products to society. Frost & Sullivan will also actively explore more scientific, rigorous, transparent, traceable, and verifiable research methodologies to convey more objective and neutral market research outcomes to the public. Frost & Sullivan 2026 8 month 1 4 day

沙利文全球成立65周年暨沙利文峰会落地中国20周年庆典晚宴 The Celebratory Banquet for the 65ᵗʰ Anniversary of Frost & Sullivan Global and the 20ᵗʰ Anniversary of the GIL Summit in China Frost & Sullivan   8月4日，2026沙利文第二十届全球增长、科创与领导力峰会暨第五届新投资大会（以下简称 “2026沙利文新投资大会”）在上海静安香格里拉大酒店盛大开幕。 On August 4, the 20th Frost & Sullivan Global Growth, Innovation and Leadership (GIL) Summit and the 5th New Investment Event (the "2026 Frost & Sullivan New Investment Event") officially opened at Jing An Shangri-La, Shanghai. 适逢大会举办之际， 沙利文全球 成立65周年暨沙利文峰会落地中国20周年庆典晚宴隆重举行，现场揭晓了2026年度沙利文全球奖、中国奖。 In conjunction with the Summit, the Celebratory Banquet for the 65ᵗʰ Anniversary of Frost & Sullivan Global and the 20ᵗʰ Anniversary of the GIL Summit in China was held, where the 2026 Frost & Sullivan Global Awards and China Awards were announced. 活动现场宾客如云，热闹非凡，汇聚了政府要员、学协会精英、资本界代表、行业领军企业的领袖、主流媒体人士以及高等学府的专家学者等各界嘉宾，大家欢聚一堂，共襄盛会。 The gala was attended by hundreds of distinguished guests, including government officials, industry association leaders, capital market representatives, heads of leading enterprises, mainstream media representatives, and experts and scholars from top universities, gathering together to celebrate the milestone. 沙利文全球董事局主席兼首席执行官 富大为 （David Frigstad），沙利文全球总裁兼主管合伙人、全球董事局执行董事祖亚儒（Aroop Zutshi），沙利文全球高级副总裁、亚太区联合主席、中国董事长王昕博士分别为晚宴致辞。 David Frigstad, Global Chairman and CEO, Frost & Sullivan; Aroop Zutshi, Global President & Managing Partner, Executive Board Member, Frost & Sullivan; and Dr. Neil Wang, Global Senior VP, Co-Chairman of Asia Pacific, and Chairman of China, Frost & Sullivan, delivered remarks at the banquet. 沙利文全球董事局主席兼首席执行官富大为（David Frigstad）首先发表致辞。他表示，65年来，沙利文始终以专业主义和长期主义深耕行业研究，陪伴全球企业穿越周期、实现转型增长；GIL峰会落地中国20年，正是这份全球经验与中国市场深度融合的见证——中国企业已经从"学习全球最佳实践"迈向"贡献全球商业范式"的历史性跨越；中国经济的下一个伟大篇章，将属于那些拥有全球品牌、全球布局和强大故事的世界级企业。面向未来，沙利文将继续依托65年积累的全球经验与转型增长平台，帮助中国CEO讲好品牌故事、打造全球领导力团队、在最佳实践层面落地全球战略，助力成千上万的中国优秀企业从本土走向全球。他在致辞中向所有获奖企业表示祝贺，并指出，本次奖项所表彰的增长、科创与领导力，正是穿越周期、实现韧性增长的核心要素；在人工智能深刻重塑产业格局的时代，获奖企业展现出的转型魄力与长期主义值得全球商业界借鉴。他期待未来有更多中国企业站上全球舞台，成为世界经济增长的新标杆。  David Frigstad, Global Chairman and CEO, Frost & Sullivan, delivered the opening address. He noted that for 65 years, Frost & Sullivan has remained committed to professionalism and long-termism in industry research, supporting global enterprises in navigating cycles and achieving transformational growth. The 20-year history of the GIL Summit in China serves as a testament to the deep integration of global experience and the Chinese market: Chinese enterprises have made the historic leap from "learning global best practices" to "contributing to global business paradigms", and the next great chapter of China's economy will belong to world-class companies with global brands, global footprints and compelling narratives. Going forward, Frost & Sullivan will continue to leverage its 65 years of global experience and Transformational Growth Platform to help Chinese CEOs craft compelling brand stories, build global leadership teams, and execute global strategies with best practices, supporting thousands of outstanding Chinese companies in expanding from domestic markets to the world. He congratulated all award recipients, noting that the growth, innovation and leadership recognized by these awards are core factors in navigating cycles and achieving resilient growth. In an era where AI is profoundly reshaping industry landscapes, the courage to transform and long-termism demonstrated by award-winning enterprises set an example for global business. He looks forward to seeing more Chinese enterprises take the global stage and become new benchmarks for world economic growth. 沙利文全球董事局主席兼首席执行官 富大为 David Frigstad, Global Chairman and CEO, Frost & Sullivan   随后，沙利文全球总裁兼主管合伙人、全球董事局执行董事祖亚儒（Aroop Zutshi）上台发言，并与沙利文全球高级副总裁、亚太区联合主席、中国董事长王昕博士一同为富大为（David Frigstad）颁发“远见领导力”最佳实践奖，以表彰其四十余年来以非凡远见和领导力塑造沙利文、并持续推动全球企业实现转型增长的卓越贡献。 Aroop Zutshi, Global President & Managing Partner, Executive Board Member, Frost & Sullivan, then delivered remarks, and together with Dr. Neil Wang, presented David Frigstad with the Visionary Leadership Best Practice Award, in recognition of his extraordinary vision and leadership over four decades in building Frost & Sullivan and continuously driving transformational growth for enterprises worldwide. 祖亚儒（Aroop Zutshi）在致辞中回顾，富大为自创业之初便展现出对全球品牌价值的深刻洞察，以" 3G战略 "——增长咨询、增长伙伴服务与全球化——重新定义了行业研究公司的价值：率先将研究服务从单份报告转向持续交付的订阅模式，在互联网兴起之初即引领公司完成数字化转型，并将业务从单一国家拓展至全球38个国家、45个办公室，服务超过16,000家企业、政府机构、金融机构及研发组织客户。他创立的最佳实践奖项体系（Best Practices Recognition Program），如今已成为全球产业界最具公信力的荣誉之一；早在人工智能成为全球焦点之前，他便确立了以AI为增长催化剂的战略方向，引领沙利文向"AI驱动、人力赋能、数字化交付"的转型增长伙伴演进。在中国，沙利文深耕28年，已成为广受认可的专业服务机构，在企业上市融资的行业顾问服务中保持领先。 In his remarks, Aroop Zutshi recalled that since the firm's inception, Frigstad demonstrated deep insight into global brand value, redefining the value of industry research firms through the "3G Strategy" — Growth Consulting, Growth Partnership Services and Globalization. He pioneered the shift from single research reports to continuous subscription delivery, led the firm's digital transformation at the dawn of the internet, and expanded the business from a single country to 38 countries with 45 offices, serving more than 16,000 enterprises, government agencies, financial institutions and R&D organizations. The Best Practices Recognition Program he founded has become one of the most credible honors in global industry; long before AI became a global focus, he established a strategy utilizing AI as a growth catalyst, leading Frost & Sullivan to evolve into an "AI-powered, human-enabled, digitally delivered" transformational growth partner. In China, where Frost & Sullivan has operated for 28 years, the firm has become a widely recognized professional services leader, holding a leading position in industry advisory services for enterprise listing and financing. 沙利文全球总裁兼主管合伙人、全球董事局执行董事 祖亚儒 Aroop Zutshi, Global President & Managing Partner, Executive Board Member, Frost & Sullivan   沙利文全球高级副总裁、亚太区联合主席、中国董事长王昕博士表示，今晚超500位来自全球各地的新朋老友欢聚一堂，共同见证沙利文全球成立65周年、进入中国28年，以及GIL峰会落地中国20周年的里程碑时刻，意义非凡。他指出，进入中国以来，沙利文始终为企业赋予增长价值、为行业赋予创新能量、为国家发展赋予专业服务，以"立足上海、服务中国、面向全球、合作共赢"的定位，向世界传递中国的增长、科创与领导力，让世界更清晰地看懂中国的价值，也让中国加速拥抱世界的机遇。20年来，沙利文GIL峰会已搭建起一个具有中国特色、跨越产、学、研、投、媒的高端交流社区。最后，王昕博士向荣获本年度GIL大奖的企业表示热烈祝贺，并向长期支持沙利文发展的各界伙伴致以诚挚感谢。 Dr. Neil Wang, Global Senior VP, Co-Chairman of Asia Pacific, and Chairman of China, Frost & Sullivan noted that it was of great significance to have over 500 old and new friends from around the world gather to witness the milestones of Frost & Sullivan's 65th global anniversary, 28 years in China, and 20 years of GIL Summit in China. He pointed out that since entering China, Frost & Sullivan has delivered growth value to enterprises, injected innovation energy into industries, and provided professional services to national development. With the positioning of "based in Shanghai, serving China, facing the world, win-win cooperation", we communicate China's growth, innovation and leadership to the world, helping the world clearly understand China's value, and accelerating China's embrace of global opportunities. Over 20 years, the Frost & Sullivan GIL Summit has built a high-end exchange community with Chinese characteristics across industry, academia, research, investment and media. In closing, Dr. Neil Wang extended warm congratulations to enterprises receiving this year's GIL Awards, and sincere thanks to partners across sectors who have long supported Frost & Sullivan's development. 沙利文全球高级副总裁、亚太区联合主席、中国董事长 王昕博士 Dr. Neil Wang, Global Senior VP, Co-Chairman of Asia Pacific, and Chairman of China, Frost & Sullivan 沙利文全球65周年庆典启动仪式 The Lunch Ceremony of the 65ᵗʰ Anniversary of Frost & Sullivan Global   沙利文增长、科创与领导力最佳实践奖（简称：GIL奖项）旨在表彰各行业中作出突出贡献，取得领导地位的杰出企业。在全球范围内经过近30年的发展，奖项的权威性和公正性受到投资界和金融界，及行业内的广泛认可。截至目前，全球范围已累计表彰5,000+优秀企业。 The Frost & Sullivan Growth, Innovation and Leadership Best Practices Awards (GIL Awards) recognize outstanding enterprises across industries that have made remarkable contributions and achieved market leadership. Developed over nearly 30 years globally, the authority and impartiality of the awards are widely recognized by the investment and financial communities, as well as across industries. To date, more than 5,000 outstanding enterprises have been recognized worldwide. 获得2026 沙利文GIL全球奖的企业有：上海君赛生物股份有限公司、凌科药业（浙江）股份有限公司、上海影禾医脉智能科技有限公司、 普洛药业股份有限公司 、新石器、杭州暖芯迦电子科技有限公司、成都施贝康生物医药科技有限公司、杭州虚之实科技有限公司、杰华生物技术（青岛）有限公司、酶好生活集团、好盈科技、闪魔、吉林巨美生物有限公司、世浦泰、深圳赛桥生物创新技术有限公司、极巡科技、美国BHF生殖中心、杜蕾斯、 广州派真生物技术有限公司 、薇姿、骑士鲜森(上海)贸易有限公司、北京基因启明生物科技有限公司。 2026 Frost & Sullivan GIL Global Award Recipients: SHANGHAI JUNCELL THERAPEUTICS CO., LTD.，LYNK PHARMACEUTICALS CO., LTD.，SHANGHAI MEDICAL IMAGE INSIGHTS INTELLIGENT TECHNOLOGY CO., LTD.，APELOA PHARMACEUTICAL CO., LTD.，NEOLIX，NANOCHAP ELECTRONICS CO., LTD.，CHENGDU SHIBEIKANG BIOMEDICAL TECHNOLOGY CO., LTD.，HANGZHOU NEUREAL TECHNOLOGY CO., LTD.，GENOVA BIOTECH (QINGDAO) CO., LTD.，Bestzyme & Bestlife Group HOBBYWING TECHNOLOGY CO., LTD.，SmartDevil，JUMEI，Supratec，SHENZHEN CELLBRI BIO-INNOVATION TECHNOLOGY CO., LTD.，Jixun Technology，Beverly Hills Fertility，durex，PACKGENE BIOTECH INC.，Vichy，KNIGHT SENCE (SHANGHAI) TRADING., LTD.，BEIJING GENE KEY LIFE TECHNOLOGY CO., LTD. 沙利文全球总裁兼主管合伙人、全球董事局执行董事祖亚儒（Aroop Zutshi)和沙利文全球专家顾问、中国肝炎防治基金会理事长、原中国疾病预防控制中心（CDC）主任王宇教授给上海君赛生物股份有限公司颁奖 Aroop Zutshi, Global President & Managing Partner, Executive Board Member, Frost & Sullivan, and Professor Wang Yu, Member of Frost & Sullivan Global Expert Advisory Board, Chairman of China Foundation for Hepatitis Prevention and Control, former Director of the Chinese Center for Disease Control and Prevention (China CDC), presented the award to Shanghai Juncell Therapeutics Co., Ltd.   沙利文全球总裁兼主管合伙人、全球董事局执行董事祖亚儒（Aroop Zutshi)和沙利文全球专家顾问、中国肝炎防治基金会理事长、原中国疾病预防控制中心（CDC）主任王宇教授给凌科药业（浙江）股份有限公司颁奖 Aroop Zutshi, Global President & Managing Partner, Executive Board Member, Frost & Sullivan, and Professor Wang Yu, Member of Frost & Sullivan Global Expert Advisory Board, Chairman of China Foundation for Hepatitis Prevention and Control, former Director of the Chinese Center for Disease Control and Prevention (China CDC), presented the award to Lynk Pharmaceuticals Co., Ltd.   沙利文全球总裁兼主管合伙人、全球董事局执行董事祖亚儒（Aroop Zutshi)和沙利文全球专家顾问、中国肝炎防治基金会理事长、原中国疾病预防控制中心（CDC）主任王宇教授给上海影禾医脉智能科技有限公司颁奖 Aroop Zutshi, Global President & Managing Partner, Executive Board Member, Frost & Sullivan, and Professor Wang Yu, Member of Frost & Sullivan Global Expert Advisory Board, Chairman of China Foundation for Hepatitis Prevention and Control, former Director of the Chinese Center for Disease Control and Prevention (China CDC), presented the award to Shanghai Medical Image Insights Intelligent Technology Co., Ltd.   沙利文全球总裁兼主管合伙人、全球董事局执行董事祖亚儒（Aroop Zutshi)和沙利文全球专家顾问、中国肝炎防治基金会理事长、原中国疾病预防控制中心（CDC）主任王宇教授给普洛药业股份有限公司颁奖 Aroop Zutshi, Global President & Managing Partner, Executive Board Member, Frost & Sullivan, and Professor Wang Yu, Member of Frost & Sullivan Global Expert Advisory Board, Chairman of China Foundation for Hepatitis Prevention and Control, former Director of the Chinese Center for Disease Control and Prevention (China CDC), presented the award to Apeloa Pharmaceutical Co., Ltd.   沙利文全球总裁兼主管合伙人、全球董事局执行董事祖亚儒（Aroop Zutshi)和沙利文增长战略专家委员会执委会主席、原汇丰银行环球银行中国区总经理兼副主席孟怡给新石器颁奖 Aroop Zutshi, Global President & Managing Partner, Executive Board Member, Frost & Sullivan, and Mr. Meng Yi, Chairman of the Executive Committee of the Frost & Sullivan Growth Strategy Expert Committee, President of Shanghai Emerging Industry Investment Promotion Association, Founder of Yangtze River Economic Belt Entrepreneurs Alliance, Chairman of Shanghai Harbour Group, presented the award to Neolix.   沙利文全球总裁兼主管合伙人、全球董事局执行董事祖亚儒（Aroop Zutshi)和全国政协委员、沙利文新质生产力专家委员会主席、上海新兴产业投资促进会会长、长江经济带企业家联盟创始人、上海港湾集团董事长徐士龙给杭州暖芯迦电子科技有限公司颁奖 Aroop Zutshi, Global President & Managing Partner, Executive Board Member, Frost & Sullivan, and Xu Shilong, Member of the National Committee of CPPCC, Chairman of Frost & Sullivan New Quality Productive Forces Expert Committee, President of Shanghai Emerging Industry Investment Promotion Association, Founder of Yangtze River Economic Belt Entrepreneurs Alliance, Chairman of Shanghai Harbour Group, presented the award to Nanochap Electronics Co., Ltd.   沙利文全球总裁兼主管合伙人、全球董事局执行董事祖亚儒（Aroop Zutshi)和沙利文增长战略专家委员会执委会主席、原汇丰银行环球银行中国区总经理兼副主席孟怡给成都施贝康生物医药科技有限公司颁奖 Aroop Zutshi, Global President & Managing Partner, Executive Board Member, Frost & Sullivan, and Mr. Meng Yi, Chairman of the Executive Committee of the Frost & Sullivan Growth Strategy Expert Committee, and Former General Manager and Vice Chairman of HSBC Global Banking, China, presented the award to Chengdu Shibeikang Biomedical Technology Co., Ltd.   沙利文全球总裁兼主管合伙人、全球董事局执行董事祖亚儒（Aroop Zutshi)和沙利文增长战略专家委员会执委会主席、原汇丰银行环球银行中国区总经理兼副主席孟怡给杭州虚之实科技有限公司颁奖 Aroop Zutshi, Global President & Managing Partner, Executive Board Member, Frost & Sullivan, and Mr. Meng Yi, Chairman of the Executive Committee of the Frost & Sullivan Growth Strategy Expert Committee, and Former General Manager and Vice Chairman of HSBC Global Banking, China, presented the award to Hangzhou Neureal Technology Co., Ltd.   沙利文全球总裁兼主管合伙人、全球董事局执行董事祖亚儒（Aroop Zutshi)和沙利文增长战略专家委员会执委会主席、原汇丰银行环球银行中国区总经理兼副主席孟怡给杰华生物技术（青岛）有限公司颁奖 Aroop Zutshi, Global President & Managing Partner, Executive Board Member, Frost & Sullivan, and Mr. Meng Yi, Chairman of the Executive Committee of the Frost & Sullivan Growth Strategy Expert Committee, and Former General Manager and Vice Chairman of HSBC Global Banking, China, presented the award to Genova Biotech (Qingdao) Co., Ltd.   沙利文全球高级副总裁、亚太区联合主席、中国董事长王昕博士和沙利文专业机构专委会主席，沙利文全球专家顾问、安永大中华区业务主管合伙人毕舜杰给酶好生活集团颁奖 Dr. Neil Wang, Global Senior Vice President, Co-Chairman of Asia Pacific and Chairman of China, Frost & Sullivan, and Michael Bi, Chairperson of the Frost & Sullivan Professional Services Expert Committee, Member of Frost & Sullivan Global Expert Advisory Group, Managing Partner of Greater China Markets, Ernst & Young, presented the award to Bestzyme & Bestlife Group.   沙利文全球高级副总裁、亚太区联合主席、中国董事长王昕博士和沙利文专业机构专委会主席，沙利文全球专家顾问、安永大中华区业务主管合伙人毕舜杰给好盈科技颁奖 Dr. Neil Wang, Global Senior Vice President, Co-Chairman of Asia Pacific and Chairman of China, Frost & Sullivan, and Michael Bi, Chairperson of the Frost & Sullivan Professional Services Expert Committee, Member of Frost & Sullivan Global Expert Advisory Group, Managing Partner of Greater China Markets, Ernst & Young, presented the award to Hobbywing Technology Co., Ltd.   沙利文全球高级副总裁、亚太区联合主席、中国董事长王昕博士和沙利文专业机构专委会主席，沙利文全球专家顾问、安永大中华区业务主管合伙人毕舜杰给闪魔颁奖 Dr. Neil Wang, Global Senior Vice President, Co-Chairman of Asia Pacific and Chairman of China, Frost & Sullivan, and Michael Bi, Chairperson of the Frost & Sullivan Professional Services Expert Committee, Member of Frost & Sullivan Global Expert Advisory Group, Managing Partner of Greater China Markets, Ernst & Young, presented the award to SmartDevil.   沙利文全球高级副总裁、亚太区联合主席、中国董事长王昕博士和沙利文专业机构专委会主席，沙利文全球专家顾问、安永大中华区业务主管合伙人毕舜杰给吉林巨美生物有限公司颁奖 Dr. Neil Wang, Global Senior Vice President, Co-Chairman of Asia Pacific and Chairman of China, Frost & Sullivan, and Michael Bi, Chairperson of the Frost & Sullivan Professional Services Expert Committee, Member of Frost & Sullivan Global Expert Advisory Group, Managing Partner of Greater China Markets, Ernst & Young, presented the award to JUMEI.   沙利文全球高级副总裁、亚太区联合主席、中国董事长王昕博士和沙利文增长战略委员会主席、大众交通集团董事长杨国平给世浦泰颁奖 Dr. Neil Wang, Global Senior Vice President, Co-Chairman of Asia Pacific and Chairman of China, Frost & Sullivan, and Yang Guoping, Chairman of Frost & Sullivan Growth Strategy Committee, Chairman of Dazhong Transportation Group, presented the award to Supratec.   沙利文全球高级副总裁、亚太区联合主席、中国董事长王昕博士和沙利文增长战略委员会主席、大众交通集团董事长杨国平给深圳赛桥生物创新技术有限公司颁奖 Dr. Neil Wang, Global Senior Vice President, Co-Chairman of Asia Pacific and Chairman of China, Frost & Sullivan, and Yang Guoping, Chairman of Frost & Sullivan Growth Strategy Committee, Chairman of Dazhong Transportation Group, presented the award to Shenzhen Cellbri Bio-Innovation Technology Co., Ltd.   沙利文全球高级副总裁、亚太区联合主席、中国董事长王昕博士和沙利文增长战略委员会主席、大众交通集团董事长杨国平给极巡科技颁奖 Dr. Neil Wang, Global Senior Vice President, Co-Chairman of Asia Pacific and Chairman of China, Frost & Sullivan, and Yang Guoping, Chairman of Frost & Sullivan Growth Strategy Committee, Chairman of Dazhong Transportation Group, presented the award to Jixun Technology.   沙利文全球高级副总裁、亚太区联合主席、中国董事长王昕博士和沙利文增长战略委员会主席、大众交通集团董事长杨国平给美国BHF生殖中心颁奖 Dr. Neil Wang, Global Senior Vice President, Co-Chairman of Asia Pacific and Chairman of China, Frost & Sullivan, and Yang Guoping, Chairman of Frost & Sullivan Growth Strategy Committee, Chairman of Dazhong Transportation Group, presented the award to Beverly Hills Fertility.   沙利文全球首席经济学家、加州大学伯克利分校杰出教授、伯克利亚太经合组织（APEC）研究中心主任葛万威教授（Prof,Vinod K. Aggarwal）和沙利文专精特新专委会主席，日联科技董事长刘骏博士给杜蕾斯颁奖 Prof. Vinod K. Aggarwal, Global Chief Economist of Frost & Sullivan, Distinguished Professor at UC Berkeley, Director of Berkeley APEC Study Center, and Dr. Liu Jun, Chairman of Frost & Sullivan Specialized & Sophisticated Enterprises Expert Committee, Chairman of UNICOMP, presented the award to Durex.   沙利文全球首席经济学家、加州大学伯克利分校杰出教授、伯克利亚太经合组织（APEC）研究中心主任葛万威教授（Prof. Vinod K. Aggarwal）和沙利文专精特新专委会主席，日联科技董事长刘骏博士给广州派真生物技术有限公司颁奖 Prof. Vinod K. Aggarwal, Global Chief Economist of Frost & Sullivan, Distinguished Professor at UC Berkeley, Director of Berkeley APEC Study Center, and Dr. Liu Jun, Chairman of Frost & Sullivan Specialized & Sophisticated Enterprises Expert Committee, Chairman of UNICOMP, presented the award to PackGene Biotech Inc.   沙利文全球首席经济学家、加州大学伯克利分校杰出教授、伯克利亚太经合组织（APEC）研究中心主任葛万威教授（Prof,Vinod K. Aaaarwal）和沙利文增长战略专家委员会委员、摩根士丹利中国区副主席胡霁光博士给骑士鲜森(上海)贸易有限公司颁奖 Prof. Vinod K. Aggarwal, Global Chief Economist of Frost & Sullivan, Distinguished Professor at UC Berkeley, Director of Berkeley APEC Study Center, and Dr. Hu Jiguang, Member of the Frost & Sullivan Growth Strategy Expert Committee, and Vice Chairman of Morgan Stanley China, presented the award to Knight Sence (Shanghai) Trading Co., Ltd.   沙利文全球首席经济学家、加州大学伯克利分校杰出教授、伯克利亚太经合组织（APEC）研究中心主任葛万威教授（Prof,Vinod K. Aaaarwal）和沙利文增长战略专家委员会委员、摩根士丹利中国区副主席胡霁光博士给北京基因启明生物科技有限公司颁奖 Prof. Vinod K. Aggarwal, Global Chief Economist of Frost & Sullivan, Distinguished Professor at UC Berkeley, Director of Berkeley APEC Study Center, and Dr. Hu Jiguang, Member of the Frost & Sullivan Growth Strategy Expert Committee, and Vice Chairman of Morgan Stanley China, presented the award to Beijing Gene Key Life Technology Co., Ltd.   沙利文全球执行董事会成员、首席AI架构师Subhranshu和沙利文中国主管合伙人兼总裁王晨晖给薇姿颁奖 Subhranshu Shekhar Das, Member of Frost & Sullivan Global Executive Board, Chief AI Architect, and Yves Wang, Managing Partner and President of Frost & Sullivan China, presented the award to Vichy.   获得2026沙利文GIL中国奖的企业有：未岚大陆、杭州联汇科技股份有限公司、深圳泽医细胞治疗集团、顾家家居、格林美股份有限公司、浙江晶通新材料集团股份有限公司、云南百年绿色食品有限公司、白云山、西藏成功红天麓酒庄有限公司、富祥股份集团、九章云极、锐仕方达人才科技集团有限公司、薇姿、苏州易助能源管理有限公司、甫康生物科技(上海)股份有限公司、研源医疗、青民数科(青岛)技术服务有限公司。 2026 Frost & Sullivan GIL China Award Recipients：NAVIMOW, Om Al, Shenzhen Zeyi Cell Therapy, Kuka Home, GEM CO., LTD., Zhejiang Kingdom New Material Group Co., Ltd., Yunnan Century Green Food Co., Ltd., Baiyunshan, XIZANG CHENGGONGHONGCHATEAU TIANLU CO., LTD., Hydrexia (China), DataCanvas, Risfond Talent Technology Group Co., Ltd., Vichy, China Epower Solutions Corporation Limited, CONVALIFE PHARMACEUTICALS, NEOLOGY (China), Qingmin Digital Science (Qingdao) Technology Service Co., Ltd. 沙利文全球执行董事会成员、首席AI架构师Subhranshu Shekhar Das和沙利文中国主管合伙人兼总裁王晨晖给未岚大陆颁奖 Subhranshu Shekhar Das, Member of Frost & Sullivan Global Executive Board, Chief AI Architect, and Yves Wang, Managing Partner and President of Frost & Sullivan China, Chief Producer of *Great Nation Brands*, presented the award to Navimow.   沙利文全球执行董事会成员、首席AI架构师Subhranshu Shekhar Das和沙利文中国主管合伙人兼总裁王晨晖给杭州联汇科技股份有限公司颁奖 Subhranshu Shekhar Das, Member of Frost & Sullivan Global Executive Board, Chief AI Architect, and Wu Gang, Member of Frost & Sullivan New Quality Productive Forces Expert Committee and Yves Wang, Managing Partner and President of Frost & Sullivan China, presented the award to Omni AI (Hangzhou Lianhui Technology Co., Ltd.).   沙利文全球执行董事会成员、首席AI架构师Subhranshu Shekhar Das和沙利文中国主管合伙人兼总裁王晨晖给深圳泽医细胞治疗集团颁奖 Subhranshu Shekhar Das, Member of Frost & Sullivan Global Executive Board, Chief AI Architect, and Yves Wang, Managing Partner and President of Frost & Sullivan China, presented the award to Shenzhen Zeyi Cell Therapy Group.   沙利文全球执行董事会成员、首席AI架构师Subhranshu Shekhar Das和沙利文中国主管合伙人兼总裁王晨晖给顾家家居颁奖 Subhranshu Shekhar Das, Member of Frost & Sullivan Global Executive Board, Chief AI Architect, and Yves Wang, Managing Partner and President of Frost & Sullivan China, presented the award to KUKA Home.   沙利文亚太区合伙人曾赛英（Cecilia Chang）与沙利文中国主管合伙人兼总裁王晨晖共同为浙江晶通新材料集团股份有限公司颁奖 Cecilia Chang, Associate Partner of Frost & Sullivan Asia Pacific, and Yves Wang, Managing Partner and President of Frost & Sullivan China, presented the award to Zhejiang Kingdom New Material Group Co., Ltd.   沙利文亚太区合伙人曾赛英（Cecilia Chang）与沙利文中国主管合伙人兼总裁王晨晖为云南百年绿色食品有限公司颁奖 Cecilia Chang, Associate Partner of Frost & Sullivan Asia Pacific, and Yves Wang, Managing Partner and President of Frost & Sullivan China, presented the award to Yunnan Century Green Food Co., Ltd.   沙利文亚洲首席分析师Georgia Edell与沙利文亚洲分析师Jihun Kang(Will)为云南百年绿色食品有限公司颁奖 Georgia Edell, Chief Analyst of Frost & Sullivan Asia, and Yves Wang, Managing Partner and Jihun Kang (Will), Analyst of Frost & Sullivan Asia, presented the award to Yunnan Century Green Food Co., Ltd.   沙利文亚太区合伙人曾赛英（Cecilia Chang）与沙利文中国主管合伙人兼总裁王晨晖为白云山颁奖 Cecilia Chang, Associate Partner of Frost & Sullivan Asia Pacific, and Yves Wang, Managing Partner and President of Frost & Sullivan China, presented the award to Baiyunshan.   沙利文亚太区合伙人曾赛英（Cecilia Chang）与沙利文中国主管合伙人兼总裁王晨晖为西藏成功红天麓酒庄有限公司颁奖 Cecilia Chang, Associate Partner of Frost & Sullivan Asia Pacific, and Yves Wang, Managing Partner and President of Frost & Sullivan China, presented the award to Xizang Chenggonghong Chateau Tianlu Co., Ltd.   沙利文亚洲首席分析师Georgia Edell与沙利文亚洲分析师Diego Shimizu为富祥股份集团颁奖 Georgia Edell, Chief Analyst of Frost & Sullivan Asia, and Diego Shimizu, Analyst of Frost & Sullivan Asia, presented the award to Hydrexia (China).   沙利文亚洲首席分析师Georgia Edell与沙利文亚洲分析师Diego Shimizu为九章云极颁奖 Georgia Edell, Chief Analyst of Frost & Sullivan Asia, and Diego Shimizu, Analyst of Frost & Sullivan Asia, presented the award to DataCanvas.   沙利文亚洲首席分析师Georgia Edell与沙利文亚洲分析师Diego Shimizu为锐仕方达人才科技集团有限公司颁奖 Georgia Edell, Chief Analyst of Frost & Sullivan Asia, and Diego Shimizu, Analyst of Frost & Sullivan Asia, presented the award to Risfond Talent Technology Group Co., Ltd.   沙利文亚洲首席分析师Georgia Edell与沙利文亚洲分析师Diego Shimizu为薇姿颁奖 Georgia Edell, Chief Analyst of Frost & Sullivan Asia, and Diego Shimizu, Analyst of Frost & Sullivan Asia, presented the award to Vichy.   沙利文亚洲首席分析师Georgia Edell与沙利文亚洲分析师Jihun Kang(Will)为苏州易助能源管理有限公司颁奖 Georgia Edell, Chief Analyst of Frost & Sullivan Asia, and Jihun Kang (Will), Analyst of Frost & Sullivan Asia, presented the award to China Epower Solutions Corporation Limited.   沙利文亚洲首席分析师Georgia Edell与沙利文亚洲分析师Jihun Kang(Will)为甫康生物科技（上海）股份有限公司颁奖 Georgia Edell, Chief Analyst of Frost & Sullivan Asia, and Jihun Kang (Will), Analyst of Frost & Sullivan Asia, presented the award to Convalife Pharmaceuticals.   沙利文亚洲首席分析师Georgia Edell与沙利文亚洲分析师Jihun Kang(Will)为研源医疗颁奖 Georgia Edell, Chief Analyst of Frost & Sullivan Asia, and Jihun Kang (Will), Analyst of Frost & Sullivan Asia, presented the award to Neology (China).   沙利文亚洲首席分析师Georgia Edell与沙利文亚洲分析师Jihun Kang(Will)为青民数科（青岛）技术服务有限公司颁奖 Georgia Edell, Chief Analyst of Frost & Sullivan Asia, and Jihun Kang (Will), Analyst of Frost & Sullivan Asia, presented the award to Qingmin Digital Science (Qingdao) Technology Service Co., Ltd.   沙利文中国主管合伙人兼总裁王晨晖和沙利文中国高级合伙人兼董事总经理杨晓骋给上海具身慧智科技有限公司颁奖 Yves Wang, Managing Partner & President, China, Frost & Sullivan, and Jacky Yang, Senior Partner and Managing Director of Frost & Sullivan China, presented the award to Shanghai Jushen Huizhi Technology Co., Ltd.   进入中国二十八载，沙利文的蓬勃发展离不开所有客户、合作伙伴的信任、支持与帮助，沙利文真诚期待能与大家永续良缘，也期望能与更多的朋友一起，携手相伴，共绘未来发展的新蓝图。 Over 28 years in China, Frost & Sullivan's development would not have been possible without the trust, support and help of all our clients and partners. We sincerely look forward to continuing our long-standing partnership with all of you, and working together with more friends to draw a new blueprint for future development.   感谢施坦威钢琴、成功红、星享铁旅、美尚洁生物、海洋至尊、正典燕窝、星月生物、如凤凰、斐缦、仅三生物品牌对本场晚宴的大力支持。 Special thanks to Steinway & Sons, C&G Hong Group, Train of Glamour Group, Meishangjie Biotech, Haiyang Zhizun, PT SWIFT, Xingyue Biotech, Rufenghuang, Feiman, and GeneIII Biotech for their generous support of this banquet.   更多精彩瞬间  ✨ More Highlights

2026年8月4日，沙利文专业机构专家委员会聘任仪式在2026沙利文第二十届全球增长、科创与领导力峰会暨第五届新投资大会开幕式现场隆重举行。 On 4 August 2026, the Appointment Ceremony of the Frost & Sullivan Professional Institution Expert Committee took place at the Opening Ceremony of the 20th Frost & Sullivan Global Growth, Innovation and Leadership Summit and the 5th New Investment Event.   该专委会广纳全球英才，汇聚境内外头部券商、国际投资银行、审计、法律、产业咨询等核心服务领域的权威资深专家，打通资本市场与产业服务全链条，全方位升级沙利文的研究深度、服务精度与战略高度。 The Committee brings together distinguished experts from leading domestic and international securities firms, investment banks, audit and legal institutions, as well as industry consulting organizations and other key professional services sectors. By connecting expertise across the entire capital markets and industry services ecosystem, the Committee further strengthens Frost & Sullivan's research capabilities, service excellence, and strategic insight. 通过与专业机构专家委员会各位专家的深度协作，沙利文将持续精进研究深度与咨询品质，为企业客户的上市之路提供更专业、更前瞻、更具全球视野的智力支持。 Through close collaboration with the members of the Professional Institution Expert Committee, Frost & Sullivan will continue to advance the depth of its research and the quality of its consulting services, providing corporate clients with more professional, forward-looking, and globally oriented strategic support throughout their journey toward public listing. 以下是沙利文专业机构专家委员会具体名单： The following is the List of the Frost & Sullivan Professional Institution Expert Committee：   沙利文专业机构专家委员会主席 Chairman of the Professional Institution Expert Committee 安永 大中华区业务主管合伙人 毕舜杰先生 Mr. Michael Bi, Managing Partner of Greater China Markets, Ernst & Young   专业机构专家委员会专家顾问 Senior Advisors of the Professional Institution Expert  Committee 高伟绅律师事务所中国业务主席、合伙人 王彦峰先生 Mr. Tim Wang, Chairman of China Practice and Partner, Clifford Chance LLP   中金公司 董事总经理、东南亚业务负责人、新加坡办公室首席执行官 伍顺辉先生 Mr. Stephen Ng, Managing Director, Head of Southeast Asia and CEO of Singapore Office, China International Capital Corporation Limited (CICC)   贝克.麦坚时 国际律师事务所合伙人 欧阳丹女士 Ms. Ouyang Dan, Partner, Baker McKenzie   通商律师事务所 管理合伙人 ‌张新阳先生 Mr. Zhang Xinyang, Managing Partner, Commerce & Finance Law Offices   光源资本 合伙人 李昊先生 Mr. Howie Li, Partner, Lighthouse Capital   北京市金杜律师事务所上海分所合伙人 徐辉先生 Mr. Xu Hui, Partner, Shanghai Office, King & Wood Mallesons   美迈斯律师事务所合伙人 耿科先生 Mr. Geng Ke, Partner, O'Melveny & Myers LLP *排名不分先后 *Listed in no particular order   据悉， 沙利文专业机构专家委员会 由毕舜杰先生担任主席。 Mr. Michael Bi serves as Chairman of the Frost & Sullivan Professional Institution Expert Committee. 同时，聘任王彦峰先生、伍顺辉先生、欧阳丹女士、张新阳先生、李昊先生、徐辉先生、耿科先生为专家顾问。 Meanwhile, the Committee also appointed Mr. Tim Wang, Mr. Stephen Ng, Ms. Ouyang Dan, Mr. Zhang Xinyang, Mr. Howie Li, Mr. Xu Hui and Mr. Geng Ke as Senior Advisors. 聘任仪式上，沙利文全球董事局主席兼首席执行官富大为（David Frigstad）以及沙利文全球高级副总裁、亚太区联合主席、中国董事长王昕博士登台，共同为沙利文专业机构专家委员会成员颁发证书和水晶杯，并合影留念。 At the appointment ceremony, Mr. David Frigstad, Global Chairman and CEO, Frost & Sullivan, together with Dr. Neil Wang, Global Senior Vice President, Co-Chairman of Asia Pacific, and Chairman of China, Frost & Sullivan, presented appointment certificates and commemorative crystal trophies to the members of the Frost & Sullivan Professional Institution Expert Committee. The ceremony concluded with a group photograph to commemorate the occasion. 沙利文全球董事局主席兼首席执行官富大为（David Frigstad）以及沙利文全球高级副总裁、亚太区联合主席、中国董事长王昕博士登台，共同为沙利文专业机构专家委员会成员颁发证书和水晶杯 Mr. David Frigstad, Global Chairman and CEO, Frost & Sullivan, together with Dr. Neil Wang, Global Senior Vice President, Co-Chairman of Asia Pacific, and Chairman of China, Frost & Sullivan, presented appointment certificates and commemorative crystal trophies to the members of the Frost & Sullivan Professional Institution Expert Committee.   未来， 沙利文专业机构专家委员会 将充分发挥自身优势专长，凝聚各界智识，为企业资本运作赋予价值，为行业繁荣赋予能量，为国家发展赋予服务，共同促进中国经济高质量发展。 Going forward, the Frost & Sullivan Professional Institution Expert Committee will leverage its collective strengths and expertise, harness cross-sector insights, create value for corporate capital market operations, drive industry prosperity, and contribute to national development — jointly advancing the high-quality growth of China's economy.

8月3日，2026 沙利文全球 成立65周年庆典贵宾答谢晚宴在上海外滩源壹号隆重举行。 On August 3, the 2026 Frost & Sullivan Global 65ᵗʰ Anniversary VVVIP Appreciation Banquet was successfully held at No. 1 Waitanyuan, Shanghai. 来自全球各地的企业家、投资人、专家学者、行业领袖、财经媒体、合作伙伴、艺术家及各界嘉宾齐聚黄浦江畔，共同见证沙利文全球成立65周年这一重要里程碑，并为即将开启的第二十届沙利文全球增长、科创与领导力峰会预热启幕。 Entrepreneurs, investors, experts, scholars, industry leaders, financial media, partners , artists and distinguished guests from around the world gathered along the Huangpu River to celebrate this important milestone of Frost & Sullivan's 65th global anniversary, and to kick off the upcoming 20th Frost & Sullivan Global Growth, Innovation and Leadership (GIL) Summit. 六十五载全球深耕，二十八载中国同行。值此重要时刻，沙利文与全球客户、合作伙伴及各界朋友相聚上海，在交流与致意中回望长期同行的历程，在携手与共聚中展望增长与创新的未来。 With 65 years of global presence and 28 years in China, Frost & Sullivan gathered with global clients, partners and friends in Shanghai to reflect on our long journey of collaboration, and look ahead to a future of growth and innovation together.   1 全球视野，共话增长新机遇 Global Perspective: Discussing New Growth Opportunities   晚宴现场，沙利文全球董事局主席兼首席执行官富大为（David Frigstad）、沙利文全球总裁兼主管合伙人、全球董事局执行董事祖亚儒（ Aroop Zutshi ），以及沙利文全球高级副总裁、亚太区联合主席、中国董事长王昕博士分别致辞。 At the gala banquet, Mr. David Frigstad, Global Chairman and CEO of Frost & Sullivan; Aroop Zutshi, Global President & Managing Partner, Executive Board Member, Frost & Sullivan; and Dr. Neil Wang, Global Senior VP, Co-Chairman of Asia Pacific, and Chairman of China, Frost & Sullivan, delivered remarks respectively. 沙利文全球董事局主席兼首席执行官 富大为 （David Frigstad）在致辞中回顾了沙利文65年来深耕行业研究、陪伴全球企业成长的历程。他表示，65年来沙利文始终坚持以专业主义和长期主义服务企业客户，而中国已成为全球增长版图中最重要的市场之一。面向未来，沙利文将继续以"将世界视为家园"的全球化视野，担当中国企业转型增长的核心催化剂，助力更多中国企业成长为拥有全球品牌、全球布局和强大故事的世界级企业。 In his speech, Mr. David Frigstad reviewed Frost & Sullivan's 65 years of industry research and supporting enterprise growth worldwide. He noted that for 65 years, Frost & Sullivan has remained committed to serving corporate clients with professionalism and long-termism, and China has become one of the most important markets in the global growth landscape. Going forward, Frost & Sullivan will continue to leverage its global perspective of "the world as our home", act as a core catalyst for the transformation and growth of Chinese enterprises, and support more Chinese companies in growing into world-class businesses with global brands, global footprints and compelling narratives. 沙利文全球董事局主席兼首席执行官 富大为 Mr.David Frigstad, Global Chairman and CEO, Frost & Sullivan   沙利文全球总裁兼主管合伙人、全球董事局执行董事祖亚儒（Aroop Zutshi）在致辞中表示，沙利文65年的发展史，是一部与全球客户共同穿越周期、持续转型的历史。他指出，中国企业的创新活力与增长韧性令人印象深刻，沙利文全球团队将继续与中国团队紧密协同，把全球最佳实践与中国市场的深度洞察相结合，为中国企业的全球化征程提供坚实支撑。 Mr. Aroop Zutshi stated that Frost & Sullivan's 65-year history is a journey of navigating cycles and continuous transformation together with global clients. He noted that the innovation vitality and growth resilience of Chinese enterprises are deeply impressive, and Frost & Sullivan's global team will continue to work closely with the China team, combining global best practices with deep insights into the Chinese market to provide solid support for Chinese enterprises on their globalization journey. 沙利文全球总裁兼主管合伙人、全球董事局执行董事 祖亚儒 Mr.Aroop Zutshi, Global President & Managing Partner, Executive Board Member, Frost & Sullivan   沙利文全球高级副总裁、亚太区联合主席、中国董事长王昕博士表示，六十五年来，沙利文的发展离不开全球管理团队、专家顾问、企业家、合作伙伴及各界朋友的长期信任与支持。他特别向沙利文全球董事局主席兼首席执行官富大为（David Frigstad）、沙利文全球总裁兼主管合伙人、全球董事局执行董事祖亚儒（Aroop Zutshi）以及长期支持沙利文发展的各界同行致以诚挚感谢。王昕博士指出，沙利文始终坚持以专业研究为根基、以信任为纽带，持续深耕中国、连接全球，并通过专家委员会等专业平台汇聚各领域智慧力量，为中国企业成长、创新与国际化发展提供专业支持。他表示，未来沙利文将继续“重仓中国、重仓未来”，与各界伙伴携手同行，共同探索新的增长机遇。最后，王昕博士诚挚邀请各位嘉宾参加第二十届沙利文全球增长、科创与领导力峰会暨第五届新投资大会，并向在场嘉宾致以美好祝愿。 Dr. Neil Wang noted that over 65 years, Frost & Sullivan's development would not have been possible without the long-term trust and support of our global management team, expert advisors, entrepreneurs, partners and friends from all sectors. He extended special thanks to David Frigstad, Aroop Zutshi, and all partners who have long supported Frost & Sullivan's development. Dr. Wang pointed out that Frost & Sullivan has always been rooted in professional research and bonded by trust, continuing to deepen our presence in China and connect with the world, and gathering wisdom across fields through platforms such as the Expert Committees to provide professional support for the growth, innovation and internationalization of Chinese enterprises. He stated that Frost & Sullivan will continue to "invest heavily in China, invest heavily in the future", working hand in hand with partners across sectors to explore new growth opportunities. In closing, Dr. Wang sincerely invited all guests to attend the 20th Frost & Sullivan Global GIL Summit and the 5th New Investment Summit, and extended his best wishes to all present. 沙利文全球高级副总裁、亚太区联合主席、中国董事长 王昕博士 Dr. Neil Wang, Global Senior VP, Co-Chairman of Asia Pacific, and Chairman of China, Frost & Sullivan   三位全球管理团队核心成员的致辞，从不同维度回望沙利文的发展历程，也共同指向一个始终未变的核心命题——在变化中洞察机会，在增长中创造长期价值。 The remarks from the three core members of the global management team reflected on Frost & Sullivan's development journey from different perspectives, and all pointed to one constant core mission: identifying opportunities amid change, and creating long-term value through growth.   2 乾元金海：链接资本与产业，探索增长新路径 Yuan Capital Private Equity Firm: Connecting Capital and Industry, Exploring New Growth Paths   在全球增长咨询业务持续深化的同时，沙利文也在积极拓展资本与产业之间的连接。 As our global growth consulting business continues to deepen, Frost & Sullivan is also actively expanding connections between capital and industry. 晚宴现场，沙利文旗下私募股权公司乾元金海相关业务正式向与会嘉宾进行介绍。 At the gala, the business of Yuan Capital Private Equity Firm, Frost & Sullivan's private equity affiliate, was officially introduced to guests. 在国际咨询行业，顶尖机构往往通过投资布局进一步延伸专业能力与产业价值。沙利文同样走在这一战略前沿，在上海注册成立私募股权公司乾元金海，进一步探索咨询、资本与产业之间的协同价值。 In the international consulting industry, leading firms often extend their professional capabilities and industry value through investment. Frost & Sullivan is at the forefront of this strategy, having established Yuan Capital Private Equity Firm as a private equity firm registered in Shanghai to further explore the synergies between consulting, capital and industry. 现场，乾元金海常务总经理周奕辰围绕相关业务进行了分享，介绍乾元金海的业务布局与发展方向。 Eddie Zhou, General Manager of Yuan Capital Private Equity Firm, delivered a presentation introducing the business layout and development direction of Yuan Capital Private Equity Firm. 从产业研究与增长咨询，到资本投资与产业服务，沙利文正在进一步打通从洞察、战略到资本与产业落地的价值链条，以更加多元的方式服务企业长期增长。 From industry research and growth consulting to capital investment and industry services, Frost & Sullivan is further connecting the value chain from insight and strategy to capital and industry implementation, serving long-term enterprise growth in more diverse ways. 分享结束后，嘉宾共同合影留念，为这一重要环节留下珍贵记录。 Following the presentation, guests took a group photo to mark this important moment. 基金合影 Group photo of the fund team   3 汇聚专业力量，共建产业服务新生态 Gathering Professional Expertise to Build a New Industry Service Ecosystem   专业，是沙利文六十五年来始终坚持的核心底色。 Professionalism has been the core foundation of Frost & Sullivan for 65 years. 沙利文全球高级副总裁、亚太区联合主席、中国董事长 王昕博士 Dr. Neil Wang, Global Senior VP, Co-Chairman of Asia Pacific, and Chairman of China, Frost & Sullivan   近年来，沙利文持续组建专家委员会，汇聚来自不同专业领域的资深专家，进一步强化研究与咨询服务的专业深度。 In recent years, Frost & Sullivan has continued to establish expert committees, bringing together senior experts from different professional fields to further strengthen the professional depth of our research and consulting services. 晚宴现场，沙利文各专业机构专家委员会主席与代表悉数到场。来自增长战略、专精特新、新质生产力、科创、专业机构等领域的专家主席及顾问齐聚一堂，共同见证这一宝贵时刻。出席嘉宾有： At the gala, chairpersons and representatives from all of Frost & Sullivan's professional expert committees were in attendance. Expert Committee Chairman and advisors from fields including growth strategy, SRDI, new quality productive forces, sci-tech innovation, and professional  Services Organizations gathered to witness this special occasion.Attending guests included: 沙利文增长战略专家委员会委员、摩根士丹利中国区副主席—— 胡霁光博士 Dr. Hu Jiguang, Member of the Frost & Sullivan Growth Strategy Expert Committee, and Vice Chairman of Morgan Stanley China 沙利文增长战略专家委员会执委会主席、原汇丰银行环球银行中国区总经理兼副主席—— 孟怡先生 Mr. Meng Yi, Chairman of the Executive Committee of the Frost & Sullivan Growth Strategy Expert Committee, and Former General Manager and Vice Chairman of HSBC Global Banking, China 沙利文专精特新专家委员会名誉主席、华熙生物董事长兼CEO—— 赵燕女士 Ms. Zhao Yan, Honorary Chairwoman of the Frost & Sullivan Expert Committee on SRDI , Chairwoman and CEO of Bloomage Biotechnology Corporation Limited 沙利文专精特新专家委员会主席、日联科技董事长—— 刘骏博士 Dr. Liu Jun, Chairman of the Frost & Sullivan Expert Committee on SRDI, and Chairman of Unicomp Technology 沙利文新质生产力专委会主席、上海港湾集团董事长、长江经济带新兴产业联盟、上海市新兴产业投资促进会会长—— 徐士龙先生 Mr. Xu Shilong, Chairman of the Frost & Sullivan New Quality Productive Forces Expert Committee; President of the Shanghai Emerging Industries Investment Promotion Association; Founder of Yangtze River Economic Belt Entrepreneurs Alliance; Chairman of hanghai Geoharbour Construction Group Co., Ltd. 沙利文·头豹科创专家委员会主席、创新奇智首席执行官——徐辉先生 Mr. Xu Hui, Chairman of the Frost & Sullivan · LeadLeo Science and Technology Innovation Expert Committee, and CEO of AInnovation 沙利文全球专家顾问团专家顾问、沙利文增长战略专家委员会委员、中国肝炎防治基金会理事长、原中国疾病预防控制中心（CDC）主任—— 王宇教授 Prof. Wang Yu, Member of the Frost & Sullivan Global Expert Advisory Group, Member of the Growth Strategy Expert Committee, Chairman of the Chinese Foundation for Hepatitis Prevention and Control, and Former Director of the Chinese Center for Disease Control and Prevention (CDC) 沙利文专业服务机构专家委员会主席、沙利文全球专家顾问、安永大中华区业务主管合伙人——毕舜杰先生 Mr. Michael Bi, Chairman of the Frost & Sullivan Professional Institution Expert Committee, Member of the Frost & Sullivan Global Expert Advisory Group, and Managing Partner of Greater China Markets, Ernst & Young 各专业委员会的成立与持续发展，是沙利文深耕产业研究、服务产业升级的重要力量。通过汇聚来自不同领域的专业智慧，沙利文持续构建更加多元、专业、开放的产业服务生态，为企业客户提供更加深度、精准和具有前瞻性的专业支持。 The establishment and continuous development of the expert committees form an important force for Frost & Sullivan to deepen industry research and serve industrial upgrading. By gathering professional wisdom across fields, Frost & Sullivan continues to build a more diverse, professional and open industry service ecosystem, providing deeper, more precise and forward-looking professional support for corporate clients. 沙利文全球董事局主席兼首席执行官富大为（David Frigstad）、沙利文全球总裁兼主管合伙人、全球董事局执行董事祖亚儒（Aroop Zutshi）及沙利文全球高级副总裁、亚太区联合主席、中国董事长王昕博士，与各专业委员会主席、顾问共同合影。 David Frigstad, Aroop Zutshi and Dr. Neil Wang took a group photo with the chairpersons and advisors of all expert committees. 大合影 A group photo   一张合影，记录的是当晚的相聚；而其背后所汇聚的，则是来自不同专业领域的智慧与力量，也彰显了沙利文持续深化专业能力、连接产业资源、服务企业增长的长期实践。 The photo captures the gathering of the evening; behind it lies the wisdom and strength from different professional fields, demonstrating Frost & Sullivan's long-term practice of continuously deepening professional capabilities, connecting industry resources and serving enterprise growth. 庆典晚宴现场，在全体专委会主席的见证下，沙利文全球董事局主席兼首席执行官富大为（David Frigstad）、沙利文全球总裁兼主管合伙人、全球董事局执行董事祖亚儒（Aroop Zutshi）与沙利文全球高级副总裁、亚太区联合主席、中国董事长王昕博士共同切开沙利文65周年庆典蛋糕，与全场嘉宾共享这一里程碑时刻。 At the gala, witnessed by all committee chairs, David Frigstad, Aroop Zutshi and Dr. Neil Wang jointly cut Frost & Sullivan's 65th anniversary cake, sharing this milestone moment with all guests. 沙利文65周年庆典蛋糕 Frost & Sullivan's 65th anniversary cake   4 当商业遇见艺术：孟华婴女士受聘沙利文全球文化大使 When Business Meets Art: Helen Meng Appointed as Frost & Sullivan Global Cultural Ambassador   晚宴现场，沙利文特别聘任施坦威艺术家 孟华婴 女士（Helen Meng）担任沙利文全球文化大使。这一聘任，是沙利文全球文化大使计划的重要延伸，也是一场跨越商业与艺术的深度联结。 At the gala, Frost & Sullivan specially appointed Steinway Artist Ms. Helen Meng as its Global Cultural Ambassador. This appointment is an important extension of Frost & Sullivan's Global Cultural Ambassador program, and a deep connection across business and art. 富大为与王昕博士为孟华婴女士颁发全球文化大使证书 Mr.David Frigstad and Dr. Neil Wang presented the Global Cultural Ambassador certificate to Ms. Helen Meng   孟华婴女士毕业于英国皇家音乐学院，作为享誉国际的钢琴艺术家，她的演奏足迹遍及欧洲、亚洲与美洲，并曾登上伦敦威格莫尔音乐厅、维也纳金色大厅、上海音乐厅等国际舞台。 As a graduate of the Royal Academy of Music in the UK, Helen Meng is an internationally renowned pianist whose performances have taken her across Europe, Asia and the Americas, with appearances at international venues including Wigmore Hall in London, the Musikverein Golden Hall in Vienna, and Shanghai Concert Hall. 她对于卓越品质与艺术表达的不懈追求，与沙利文长期坚持的专业精神与长期主义理念高度契合。 Her relentless pursuit of excellence and artistic expression highly aligns with the professionalism and long-termism that Frost & Sullivan has long upheld. 当咨询的严谨遇见音乐的艺术，当商业的理性遇见人文的感性，增长也拥有了更加丰富的表达。 When the rigor of consulting meets the artistry of music, and the rationality of business meets the empathy of humanity, growth gains richer forms of expression. 施坦威艺术家 孟华婴女士 Ms. Helen Meng, Steinway Artist   沙利文全球董事局主席兼首席执行官富大为先生为孟华婴女士颁发全球文化大使纪念水晶牌，沙利文全球高级副总裁、亚太区联合主席、中国区董事长王昕博士为孟华婴女士颁发聘书。现场嘉宾共同见证这一重要时刻，并合影留念。 Mr. David Frigstad, Chairman of the Global Board of Directors and Chief Executive Officer of Frost & Sullivan, presented Ms. Helen Meng with the commemorative crystal plaque for the Global Cultural Ambassador; and Dr. Neil Wang, Global Senior Vice President, Co-Chairman of Asia-Pacific, and Chairman of China at Frost & Sullivan, presented Ms. Helen Meng with the letter of appointment. All guests witnessed this important moment and took a group photo. 未来，沙利文期待与孟华婴女士共同探索艺术与商业、文化与增长之间更多元的连接，让专业之外的人文温度，成为品牌长期发展的另一种力量。 Going forward, Frost & Sullivan looks forward to exploring more diverse connections between art and business, culture and growth together with Ms. Meng, letting the humanistic warmth beyond professionalism become another force for the brand's long-term development.   5 携手同行，共赴未来 Moving Forward Together into the Future   65周年，是一个值得铭记的时间坐标；而每一个时间坐标背后，都离不开客户、合作伙伴与各界朋友的长期信任与支持。 The 65th anniversary is a milestone worth commemorating; behind every milestone lies the long-term trust and support of clients, partners and friends from all walks of life. 晚宴现场，施坦威钢琴、成功红、星享铁旅、大豫园、东阳光、正典燕窝、星月生物、仅三生物等合作伙伴也通过品牌分享、艺术呈现及特别定制等各种方式，为本次庆典增添了独特的文化与情感表达。 At the gala, partners including Steinway & Sons, C&G Hong Group, Train of Glamour Group, YUYUAN Inc., HEC, PT SWIFT, XINGYUE Biotech and GeneIII Biotech added unique cultural and emotional touches to the celebration through brand sharing, artistic presentations and custom offerings. 成功红则特别为沙利文65周年庆典打造纪念版定制红酒，以一份特别的周年献礼，为这场意义非凡的相聚增添醇厚而温暖的祝福。晚宴现场，成功红董事长苏长山先生分享了这份特别的周年献礼，并由祖亚儒先生和王昕博士为其颁发“2026沙利文峰会中国卓越合作伙伴”证书。 C&G Hong Group specially created a custom commemorative wine for Frost & Sullivan's 65th anniversary, adding a mellow and warm blessing to this meaningful gathering. At the gala, Su Changshan, Chairman of Chenggong Hong, introduced this special anniversary gift, and Mr. Aroop Zutshi and Dr. Neil Wang presented him with the "2026 Frost & Sullivan Summit China Outstanding Partner Award". 成功红定制红酒 C&G Hong Group specially created a custom commemorative wine   祖亚儒先生和王昕博士为成功红颁发“2026沙利文峰会中国卓越合作伙伴”证书 Mr. Aroop Zutshi and Dr. Neil Wang presented the certificate of “2026 Frost & Sullivan Summit China Outstanding Partner” to the honorees   庆典现场，中国当代艺术家、北京雪域秘境文化董事长胡岱谦博士向沙利文王昕博士赠送其重要作品《初照》的限量版画。 At the celebration, Dr. Hu Daiqian, a contemporary Chinese artist and Chairman of Beijing Snowy Land Culture, officially presented a limited edition print of his significant work, “The First Light,” to Dr. Neil Wang. 《初照》 the First Light   此外，晚宴还通过钢琴演奏、国风现代舞、马头琴演奏与蒙语演唱、扬琴独奏等艺术形式，让商业、文化与艺术在黄浦江畔交汇，为沙利文全球65周年庆典增添更加丰富的文化内涵。 In addition, the gala featured piano performances, Chinese-style modern dance, morin khuur performance with Mongolian singing, and yangqin solo, bringing business, culture and art together along the Huangpu River and adding rich cultural meaning to Frost & Sullivan's 65th global anniversary. 一场晚宴，是一次相聚，也是一次致意。 A gala is a gathering, and also a tribute. 感谢每一位远道而来的嘉宾，感谢每一位长期同行的客户与合作伙伴，也感谢每一位为沙利文发展贡献智慧与力量的朋友。 We thank every guest who traveled from near and far, every client and partner who has walked with us over the years, and every friend who has contributed wisdom and strength to Frost & Sullivan's development.   更多精彩瞬间 More Highlights ✨

2026年8月3日，弗若斯特沙利文（Frost & Sullivan，简称“沙利文”）正式宣布：英籍华裔钢琴家 Helen Meng  孟华婴 女士将被特别聘任为 沙利文全球文化大使 。 Frost & Sullivan officially announces the special appointment of British-Chinese pianist  Ms. Helen Meng (Meng Huaying)   as its  Global Cultural Ambassador . Global Cultural Ambassador   在沙利文庆贺全球成立65周年，深耕中国市场二十八年的节点上我们选择了一位能用黑白键讲述“增长”故事的艺术家。这不仅是一次品牌合作的升级，更是沙利文全球形象大使计划的一次重要延伸——当咨询的严谨遇见音乐的艺术，当商业的理性遇见人文的感性，真正的增长便有了可被聆听的频率。 As Frost & Sullivan celebrates its 65th anniversary globally and marks 28 years of deep engagement in the Chinese market, we have selected an artist who tells the story of "growth" through the black and white keys. This is not only an upgrade of brand collaboration, but also an important extension of Frost & Sullivan's Global Ambassador Program: where the rigor of consulting meets the artistry of music, and the rationality of business meets the empathy of humanity, true growth finds its own voice.   第一乐章 Movement I 她的故事——主题呈示 Her Story: Exposition of the Theme Ms. Helen Meng, Steinway Artist   英籍华裔钢琴家孟华婴以其精湛的技艺、优雅的台风与细腻的⾳乐感知⼒⽽⼴受赞誉，被誉为当代最具潜⼒的青年钢琴艺术家之⼀。她荣膺施坦威艺术家称号（ Steinway Artist ），现任皇家⾳乐学院奥德·杰布森钢琴研究员（Aud Jebsen Piano Fellow），并同时担任皇家北⽅⾳乐学院钢琴艺术指导青年院⼠。 Praised for her technical mastery, elegance, and sensitivity, British-born Chinese pianist Helen Meng is a versatile and deeply expressive artist. A Steinway Artist, she is currently an Aud Jebsen Piano Fellow at the Royal Academy of Music and a Junior Fellow in Piano Accompaniment at the Royal Northern College of Music.  她的演出⾜迹遍及亚洲、欧洲与北美，曾登台伦敦威格莫尔⾳乐厅（ Wigmore Hall ）与⽶尔顿⾳乐厅（Milton Court）、维也纳⾳乐协会⾦⾊⼤厅（Musikverein）、意⼤利法奇奥⾥⾳乐厅（Fazioli Hall）、北京中⼭公园⾳乐堂及上海⾳乐厅等世界级艺术殿堂。2015年，她更应丹麦⼥王与亲王之邀，于法国 卡奥尔庄园城堡 为丹麦女王及王室献上私⼈独奏⾳乐会，备受王室赞誉。 She has captivated audiences across Asia, Europe, and the United States, performing in prestigious venues including Wigmore Hall and Milton Court in London, the Musikverein in Vienna, the Fazioli Hall in Italy, the Forbidden City Concert Hall in Beijing, and the Shanghai Concert Hall. In 2015, she was invited to give a private recital for the Danish Royal Family at Cahors Manor Castle in France at the behest of the Queen and Prince of Denmark. Ms. Helen Meng, Steinway Artist   孟华婴的艺术成就曾多次获得国家级电视媒体关注，尤其中国中央电视台⾳乐频道2011年为其制作的个⼈专题纪录⽚，使她成为该系列节⽬迄今第一位获此殊荣的少年⾳乐家。她12岁时便与中国爱乐乐团合作完成交响乐⾸演，演奏贝多芬《 第⼀钢琴协奏曲 》，此后更与上海交响乐团、杭州爱乐乐团等顶尖乐团多次合作，指挥包括余隆、杨洋、Christian Fröhlich等名家。 Helen Meng’s performances have been featured on national television, most notably in a solo documentary for China Central Television’s Music Channel in 2011— making her the first young musician ever profiled in the series. She made her orchestral debut at the age of 12 with the China Philharmonic Orchestra, performing Beethoven’s Piano Concerto No. 1, and has since appeared with leading ensembles including the Shanghai Symphony Orchestra and Hangzhou Philharmonic Orchestra, under conductors such as Long Yu, Yang Yang, Christian Fröhlich, and etc. 2025年是孟华婴艺术⽣涯中具有⾥程碑意义的⼀年。10⽉，作为“青鸟计划”重点推介艺术家，她亮相第⼆⼗⼋届北京⾳乐节及BMF上海系列演出，并与享誉国际的上海弦乐四重奏在北京天坛神乐署联袂呈现室内乐⾳乐会。同年，她更与国际古典⾳乐名⼚拿索斯唱⽚（Naxos Records）签署独家录⾳合约，⾸张专辑即将发⾏，届时将以充满想象⼒的诠释与精雕细琢的艺术质感，为听众呈现⼀幅鲜活的⾳乐⾃画像。 In October 2025, as a featured artist of Project Spring Bird (青鸟计划), Helen Meng performed a series of solo and chamber recitals at the 28th Beijing Music Festival and BMF Shanghai, including a chamber recital at the Divine Music Administration in Beijing's Temple of Heaven with the renowned Shanghai Quartet. In the same year, Helen entered into an exclusive recording partnership with Naxos Records. Her debut release with the label will showcase her imaginative interpretations and refined artistry, offering audiences a vivid portrait of her musical voice. 孟华婴多次在国际钢琴⽐赛中斩获佳绩，包括Pianale国际钢琴⽐赛第⼀名及特别奖、亨利·科⽡尔斯基国际钢琴⽐赛第⼀名等多项殊荣。 Helen Meng has won top prizes at international piano competitions, including First Prize and Special Prize at the Pianale International Piano Competition, and First Prize at the Henryk Kowalski International Piano Competition, among many other honors. 近年其他重要演出还包括伦敦安吉拉·伯吉斯独奏厅（Angela Burgess Recital Hall）、⽪卡迪 利圣詹姆斯教堂（St James's Piccadilly）、韩国⽂化中⼼（Korean Cultural Centre）及国家⾃由俱乐部（National Liberal Club）的独奏会，以及爱丁堡艺穗节与卡姆登艺穗节的跨界探索——她在经典曲⽬之外，亦积极开拓当代作品与多元合作。 Other recent highlights include recitals at the Angela Burgess Recital Hall, St James’s Piccadilly, the Korean Cultural Centre, and the National Liberal Club, as well as appearances at the Edinburgh and Camden Fringe Festivals, where she explored contemporary and cross-genre collaborations alongside her classical repertoire. 孟华婴以优异成绩毕业于英国皇家⾳乐学院，师从乔安娜·麦克格瑞格 (Joanna MacGregor) 与鲁斯特姆·海努迪诺夫 (Rustem Hayroudinoff) 教授，获钢琴专业发展，最⾼演奏家⽂凭；此前她在威廉·冯教授门下以⼀等荣誉学位取得本科与杰出成绩（Distinction）硕⼠学位。她在皇家⾳乐学院求学期间，从本科到院⼠，五个学历层层递进、⼀脉相承，充分展现了其出众的艺术才华与不懈的艺术追求。她亦曾受益于⽶歇尔·贝洛夫（Michel Béroff）、邓泰⼭（Dang Thai Son）、斯蒂芬·科⽡塞维奇（Stephen Kovacevich）、弗拉基⽶尔·阿什肯纳齐（Vladimir Ashkenazy）、斯坦尼斯拉夫·尤丹尼奇（Stanislav Ioudenitch）及马⾥奥斯·帕帕多普洛斯（Marios Papadopoulos）等多位钢琴泰⽃的悉⼼指导。 Helen Meng recently completed her Advanced Diploma at the Royal Academy of Music, where she studied with Professors Joanna MacGregor and Rustem Hayroudinoff. She previously earned her Bachelor’s degree with First Class Honours and her Master’s degree with Distinction under Professor William Fong, and has worked with piano virtuosos including Michel Béroff, Dang Thai Son, Stephen Kovacevich, Vladimir Ashkenazy, Stanislav Ioudenitch, and Marios Papadopoulos. 作为钢琴独奏家的同时，孟华婴亦是⼀位充满热忱的室内乐演奏家。她是“Hygge三重奏”（The Hygge Trio）创始成员之⼀，致⼒于以单簧管、⼤提琴与钢琴的组合，探索传统经典与创新改编曲⽬。该组合曾受邀献演于法国费朗杜⾳乐节、英国佩特沃斯⾳乐节及罗马尼亚爱乐⼤厅等国际舞台，深受乐迷的喜爱与青睐。 Alongside her solo career, Helen Meng is a passionate chamber musician and a founding member of The Hygge Trio, dedicated to exploring repertoire for clarinet, cello, and piano through both traditional works and innovative arrangements. The trio has appeared at Ferrandou Musique, the Petworth Festival, and the Philharmonic Hall in Romania, among others. Ms. Helen Meng, Steinway Artist   第二乐章 Movement II 共鸣的理由——四重变奏 Reasons for Resonance: Four Variations 沙利文选择形象大使，从来不只是选择“名人”，而是选择价值观的共鸣体。 When Frost & Sullivan selects brand ambassadors, we do not simply select "celebrities" — we choose partners whose values resonate with our own. 1. 精准与掌控：咨询与演奏的共通语法 沙利文为全球企业提供增长战略，每一个判断都需要如演奏协奏曲般的精准——在复杂的节奏中把握全局，在多变的声部中掌控平衡。孟华婴全面的技术掌控力与深刻的音乐敏感性，恰是沙利文“严谨分析、专业表达”品牌精神的镜像。 1. Precision and Mastery: The Shared Language of Consulting and Performance Frost & Sullivan delivers growth strategy for global enterprises, and every judgment requires the precision of a concerto performance — maintaining an overview amid complex rhythms, balancing multiple voices amid shifting textures. Helen Meng's comprehensive technical command and profound musical sensitivity mirror Frost & Sullivan's brand ethos of "rigorous analysis, expert delivery." 2. 连接过去、现在与未来：增长的时空轴线 钢琴是少有的能同时承载巴洛克的对位、浪漫主义的激情与现代派实验的乐器。孟华婴的曲目纵贯五百年，她的演奏本身就是一条“联系过去、现在与未来的音乐轴线”。这与沙利文的使命不谋而合：我们既研究产业的百年脉络，也预判下一个十年的技术奇点。 2. Connecting Past, Present and Future: The Temporal Axis of Growth The piano is one of the few instruments that can simultaneously carry Baroque counterpoint, Romantic passion and modernist experimentation. Helen Meng's repertoire spans five centuries; her performances themselves form a "musical bridge connecting past, present and future." This aligns perfectly with Frost & Sullivan's mission: we study the century-long trajectories of industries while anticipating the technological inflection points of the next decade. 3. 活力：不止于速度，更在于持久 沙利文所理解的“活力”，不是短暂的喧嚣，而是持续创造价值的能力。孟华婴从 12 岁首演至今，近二十年的职业生涯始终保持着上升的弧线。真正的活力，是穿越周期的韧性。 3. Vitality: Not Speed, But Endurance For Frost & Sullivan, "vitality" means not fleeting fanfare, but the sustained ability to create value. From her debut at age 12 to today, Helen Meng has maintained an upward trajectory across nearly two decades of her career. True vitality is resilience across cycles. 4. 从体育到音乐：形象大使谱系的自然延伸 此前，沙利文曾聘任世界著名马球冠军、马来西亚拿督 Dato Chevy Beh 马彦山先生为大中华区形象大使，他代表着速度、力量与跨界创新。如今，孟华婴女士以全球文化大使的身份加入，让沙利文的全球大使矩阵进一步延伸。体育教会我们突破极限，音乐教会我们审视内心；两者共同构成沙利文对“卓越”的完整定义。 4. From Sports to Music: A Natural Extension of the Ambassador Portfolio Previously, Frost & Sullivan appointed world-renowned polo champion Dato' Chevy Beh as its Greater China Brand Ambassador, representing speed, strength and cross-sector innovation. Now, with Helen Meng joining as Global Cultural Ambassador, Frost & Sullivan's global ambassador network expands further. Sports teach us to push limits; music teaches us to look inward. Together, they form Frost & Sullivan's complete definition of excellence.   第三乐章 Movement III 施坦威——工匠的咏叹调 Steinway & Sons: An Ode to Craftsmanship 在孟华婴的演奏生涯中，Steinway & Sons（施坦威）是一个无法绕过的名字。这架诞生于1853年的钢琴，与沙利文一样，都是各自领域的“标准制定者”。 Throughout Helen Meng's performance career, Steinway & Sons has played an integral role. Founded in 1853, Steinway, like Frost & Sullivan, is a "standard-setter" in its field. 施坦威拥有128项专利，被视为现代钢琴制造业的奠基者。每一架三角钢琴由12,000多个零部件组成，仅在美国工厂就有约500名来自25个国家的工匠，以近乎偏执的手工技艺，将17层硬枫木琴框、阿拉斯加云杉响板与铸铁板熔铸为一件“会呼吸的乐器”。 Steinway holds 128 patents and is regarded as the founder of modern piano manufacturing. Each grand piano comprises more than 12,000 individual parts; at its U.S. factory alone, approximately 500 craftspeople from 25 countries use almost obsessive artisanal skill to forge 17 layers of hard maple rim, Alaskan spruce soundboard and cast iron plate into a "living instrument." 从亨利·施坦威提出“尽可能打造最顶级的钢琴，品质不容妥协”，到今日全球97%以上的职业钢琴家选择在施坦威上演奏，这个品牌用170余年证明了一个道理：真正的增长从不来自对成本的妥协，而来自对标准的偏执。 From Henry Steinway's founding principle to "build the best piano possible, with no compromise on quality," to today where over 97% of professional pianists worldwide choose to perform on Steinway, the brand has proven one truth over 170+ years: true growth never comes from compromising on cost, but from devotion to standards. 施坦威的“全施坦威学校”与“施坦威艺术家计划”构建了一个跨越时空的生态系统——正如沙利文的GIL（Growth, Innovation & Leadership）峰会，连接着全球的增长领导者。当孟华婴的手指落在施坦威的琴键上，她不仅是在演奏音符，更是在延续一种以时间为友的人文传统。 Steinway's "All-Steinway Schools" initiative and "Steinway Artist" program build an ecosystem spanning time and space — much like Frost & Sullivan's GIL (Growth, Innovation & Leadership) Summit, which connects growth leaders worldwide. When Helen Meng's fingers rest on Steinway's keys, she is not merely playing notes; she is carrying forward a tradition of craftsmanship and artistry that takes time as its companion. Ms. Helen Meng, Steinway Artist Ms. Helen Meng, Steinway Artist   第四乐章 Movement IV 听见，增长的声音——终曲与回声 Hear the Sound of Growth: Finale and Echo 有人说，咨询报告是商业世界的乐谱；而我们更愿意相信，每一次真正的增长，都是一场酣畅淋漓的艺术表达——它需要对过去的深刻理解，对当下的敏锐捕捉，以及对未来的大胆想象。 Some said consulting reports are the sheet music of the business world; we prefer to believe that every instance of true growth is a spirited artistic expression — it requires deep understanding of the past, sharp perception of the present, and bold imagination for the future. 孟华婴代表着这种“轴线式”的活力：她的左手是巴赫的严谨，右手是贝多芬的激情，而目光始终望向未完成的乐章。 Helen Meng embodies this "axial" vitality: her left hand carries the rigor of Bach, her right hand the passion of Beethoven, and her gaze remains fixed on the unfinished movement. 欢迎 Helen。 Welcome, Helen. 在沙利文，增长从此有了另一种动人频率。 At Frost & Sullivan, growth now has another beautiful frequency.   预告 Announcement 沙利文全球成立65周年庆典 Frost & Sullivan 65th Global Anniversary Celebration 2026年8月4日，孟华婴女士将以沙利文全球文化大使的身份，在沙利文全球成立65周年庆典暨沙利文峰会落地中国20周年庆典现场为来宾献演中西两首经典名曲，敬请期待。 On August 4, 2026, Ms. Helen Meng, in her capacity as Frost & Sullivan Global Cultural Ambassador, will perform two classical masterpieces — one Chinese and one Western — for guests at the Frost & Sullivan 65th Global Anniversary & 20th Anniversary of Frost & Sullivan Summit in China. Stay tuned.

2026 World Internet Conference On the afternoon of July 22, 2026, the Digital Silk Road Development Forum of the 2026 World Internet Conference—Digital Silk Road E-commerce Cooperation and Development Forum was held in Xi'an, Shaanxi. Wang Chenhui, Partner and President of Frost & Sullivan China, was invited to attend the forum and participated in the roundtable discussion on “Inclusive E-commerce Path for the Global South.” He shared Frost & Sullivan’s research insights regarding the structural challenges faced by the e-commerce industry ecosystem in countries in the Global South and the core value and practical approaches of AI technology in promoting inclusive e-commerce. With the theme “Opportunities and Practices in E-commerce in the AI Era,” the forum engaged in in-depth discussions on opportunities in e-commerce during the era of artificial intelligence, innovative practices in digital trade, and digital transformation of small and medium-sized enterprises. Nearly a hundred representatives from government departments, international organizations, members of the World Internet Conference, e-commerce professional committees, and e-commerce companies attended the event to discuss important issues such as regional e-commerce cooperation, governance of cross-border e-commerce trade rules, establishment of the Digital Silk Road system, inclusive e-commerce for the Global South, and AI applications by small and medium-sized enterprises, providing practical solutions and cooperation paths for advancing the Digital Silk Road and deepening global digital economy cooperation. During the roundtable discussion, Wang Chenhui pointed out that based on Frost & Sullivan’s long-term research on the development of the global digital economy, e-commerce, and corporate globalization, countries in the Global South do not lack demand for e-commerce. The main constraints currently are structural deficiencies in digital infrastructure, corporate digital capabilities, and cross-border trade facilitation systems. The widespread use of AI technology is expected to further reduce the entry barriers for small and medium-sized enterprises in global trade, allowing professional capabilities previously dominated by large enterprises to be transformed into more inclusive digital tools. 01 Market has sufficient demand: Three structural challenges in the development of e-commerce in the Global South According to Frost & Sullivan’s long-term research on the development of the global digital economy, e-commerce, and corporate globalization, the main challenge in developing e-commerce in countries in the Global South is not insufficient market demand, but rather structural constraints in the e-commerce industry ecosystem, including digital infrastructure, corporate digital capabilities, and cross-border trade facilitation systems. Firstly, digital infrastructure and connectivity remain the foundation for inclusive e-commerce development. E-commerce is not simply about building online trading platforms; it requires basic capabilities such as network connection, digital payment, logistics fulfillment, and digital services. Data from Frost & Sullivan shows that in 2025, the number of internet users worldwide reached approximately 6 billion, accounting for about three-quarters of the global population. However, still about 2.2 billion people have not accessed the internet, most of whom are from low- and middle-income countries. Internet usage rates in high-income countries reach 94%, while in low-income countries they are only 23%, indicating a significant difference in digital connectivity. Secondly, the digital management capabilities of local enterprises in global trade need to be improved. Many countries in the Global South possess rich industrial resources, a young population structure, and growing consumer demand. However, many small and medium-sized enterprises still face challenges such as brand building, digital marketing, multilingual operations, cross-border customer service, and supply chain management when entering the international market. Additionally, the cross-border trade facilitation system needs further improvement. Cross-border e-commerce involves multiple aspects such as customs, taxation, product certification, cross-border payment, data flow, and consumer protection. If relevant rule systems and supporting services do not develop simultaneously, the overall cost for enterprises to participate in global trade will remain high. 02 From “Platform Connection” to “Ecosystem Co-construction”: Inclusive E-commerce Requires a Complete Industrial System Wang Chenhui noted that a mature e-commerce ecosystem is not driven by a single trading platform, but is composed of multiple components such as industrial supply chains, trading platforms, logistics fulfillment, digital payments, technical services, and operational services. For small and medium-sized enterprises to truly enter the global market, they need not just a new sales channel, but a set of digital capabilities covering product display, customer acquisition marketing, transaction fulfillment, customer service, and compliance operations. From China’s experience, the rapid development of the e-commerce industry is the result of the combined effect of digital infrastructure, logistics networks, payment systems, industrial chain capabilities, and policy environments. According to Frost & Sullivan’s research, the scale of cross-border e-commerce in China is expected to grow from approximately 15.7 trillion yuan in 2022 to around 26.3 trillion yuan in 2027, maintaining steady growth. Therefore, the key for countries in the Global South to develop e-commerce is not simply replicating a single platform or business model, but to gradually improve digital infrastructure, business capabilities, and trade facilitation systems by integrating their industrial structures, unique resources, and market conditions, thereby building a digital trade ecosystem suitable for their development stage. 03 AI Empowers Inclusive E-commerce: Transforming Large Enterprise Capabilities into Inclusive Tools for Small and Medium-Sized Enterprises Currently, AI is being gradually applied in various e-commerce aspects such as product information generation, multi-language communication, customer service, market analysis, demand forecasting, inventory management, supply chain optimization, and targeted marketing, shifting industry competition from single trading channels to comprehensive operational efficiency. For example, leading Chinese cross-border e-commerce platforms like Alibaba International Station are using AI capabilities to help merchants optimize product displays, improve communication efficiency between buyers and sellers, and reduce operating costs for small and medium-sized enterprises in international trade. More and more enterprises can also use AI tools to build independent websites and digital marketing systems, and local e-commerce platforms may gain new development opportunities in the AI era. According to Frost & Sullivan’s research, China has developed a relatively complete industrial ecosystem for cross-border e-commerce. Many small and medium-sized enterprises connect with overseas consumers through digital platforms and transform local manufacturing and supply chain capabilities into global sales capabilities. This practice shows that the deep integration of digital platforms, industrial chains, and intelligent technology tools is an important path for small and medium-sized enterprises to globalize. 04 Connecting Local Industry with Global Market: Making AI Truly Transformative into Inclusive Business Capabilities For markets in the Global South such as Africa, many local enterprises possess unique products, cultural resources, and industrial foundations. However, in the past, they have been limited by language, marketing, customer access, and cross-border operation capabilities, making it difficult to enter broader international markets. AI can significantly reduce costs in these areas and help more local enterprises improve product display, customer communication, and market operation capabilities. In the future, the development of e-commerce will not be limited to digitalization in the trading process, but will gradually move toward intelligence across the entire trade chain. AI will become an essential foundation for connecting enterprises, consumers, and global markets, and will enable more small and medium-sized enterprises to move from “using platforms” to “operating independently,” participating in global trade in a more equal manner. Wang Chenhui said that countries in the Global South need to focus not only on AI technology itself, but also on integrating AI with local industries, digital infrastructure, enterprise service systems, and talent development, so that technology can truly transform into inclusive and sustainable business capabilities. For a long time, Frost & Sullivan has continuously tracked the development trends of the global digital economy, e-commerce, cross-border trade, and corporate globalization, and provides professional support to enterprises in grasping opportunities in digitalization, intelligence, and globalization through industry research and practical insights. In the future, Frost & Sullivan will continue to leverage its global research network and industry think tank advantages, pay attention to the integration innovation of AI and cross-border e-commerce, and help more small and medium-sized enterprises connect with global markets, contributing to the construction of the Digital Silk Road and the inclusive development of the global digital economy. This forum was organized by the E-commerce Professional Committee of the World Internet Conference, with the assistance of the Shaanxi Provincial Department of Commerce and the Shaanxi Provincial Internet Information Office.

2026 World Artificial Intelligence Conference The 2026 World Artificial Intelligence Conference (WAIC 2026) opened today. Hosted jointly by ten ministries and commissions including the Ministry of Foreign Affairs, the National Development and Reform Commission, and the Ministry of Industry and Information Technology, the conference involves 12 national ministries and commissions, 8 national-level laboratories, and over ten international organizations. It focuses on global AI regulations, security governance, and cross-border collaboration issues. This is the highest-level international AI governance dialogue platform in China. With the theme “Smart Partners, Co-creating the Future,” the conference will be held simultaneously in Shanghai Pudong Expo, Zhangjiang, and Xujiahui West Coast from July 17 to 20. Over 1,400 important guests from China and abroad will attend, including Nobel and Turing Award winners, CEOs of top global technology companies, international governance experts, and leading scholars from industry, academia, and research. More than 140 parallel forums will be organized, with core topics including world models, general intelligence agents, AI4S scientific intelligence, global AI governance, computing power infrastructure, and embodied intelligence. WAIC 2026 has successfully held its eighth edition since 2018 and has become an important platform for showcasing cutting-edge AI technologies in China and globally, as well as for deepening international cooperation. It is one of the most influential top-level events in the field of AI. Frost & Sullivan executives were invited to participate in several important forums, such as the RISC-V and AI Integration Development Forum and the Think Tank Meeting on AI-Driven Industrial Transformation, engaging deeply in discussions on cutting-edge AI topics. As a strategic technology that leads a new round of technological revolution and industrial transformation, AI is profoundly changing human production and lifestyle. This conference combines industrial exhibitions, top academic research, and global governance dialogues, serving as a key platform for implementing President Xi Jinping’s important remarks on AI: internally, it promotes the transformation and upgrading of domestic intelligent technologies; externally, it provides a global dialogue window to share inclusive and equitable AI governance insights from China. Dr. Wang Xin Vice President Global, Asia-Pacific Co-Chair, Chairman of Frost & Sullivan China As a leading global investment, financing, and business growth consulting firm, Frost & Sullivan is committed to providing professional consulting services for high-growth, strategic, and pioneering industries. Over the past 30 years, through professional industry analysis, market insights, and investment and financing consulting capabilities, Frost & Sullivan has helped nearly 3,000 companies go public on the global capital market, including many outstanding enterprises in advanced manufacturing, computing power, AI, semiconductors, and innovative drugs. Currently, Shanghai has emerged as a global innovation hub for the AI industry due to its open and inclusive industrial ecosystem and continuous innovation momentum. It has nurtured a group of leading AI innovation companies with core technical barriers and strong growth potential. We are pleased to see that Shanghai, as a global AI hub, is fostering a world-leading AI enterprise cluster with an open ecosystem and innovative vitality. Frost & Sullivan looks forward to working with pioneers in this region—through deep industry insights, global resource connections, and digital strategy empowerment—to help companies achieve a transition from technical breakthroughs to commercial success. As a leading growth consulting company in the global capital market, Frost & Sullivan remains rooted in Shanghai’s innovation environment and works alongside high-quality AI companies in China. Leveraging extensive industry research, global industrial resources, and mature capital market service experience, Frost & Sullivan accurately identifies trends in cutting-edge areas such as AI, smart computing economy, embodied intelligence, and large models. It provides comprehensive support to AI innovation companies, including technical value assessment, business prospecting, industry resource matching, and capitalization path planning, helping companies complete the entire growth journey from innovation breakthroughs to industrial iteration and capital appreciation. In the field of capital market services, Frost & Sullivan continues to maintain a leading position in the industry. During the first half of 2026, Frost & Sullivan provided exclusive industry consulting services to 58 companies undergoing IPO in the Hong Kong stock market. By number of projects, its market share reached 69%, maintaining its top position in the industry. According to LiveReport’s big data statistics, there were 24 A+H stocks in the first half of 2026, and Frost & Sullivan served 20 of them, with a market share of 83%. The total fundraising amount in this segment was approximately HK$1,217 billion, accounting for 57.9% of the total market fundraising amount. This indicates that Frost & Sullivan had an absolute advantage in the largest and most stringent leading return-to-HK track. Among the 18 Hong Kong Stock Exchange listed companies related to AI in the first half of the year, Frost & Sullivan provided exclusive IPO industry consulting services to 13 companies, with a service market share of 72% in the AI sector. At the same time, Frost & Sullivan continues to embrace the AI industry transformation, actively integrating cutting-edge AI technologies into think tank research, industry analysis, and consulting services, and comprehensively upgrading its digital and intelligent professional service capabilities. With “trust in knowledge” and “trust in delivery” as its dual pillars, Frost & Sullivan has established a complete AI-native cognitive system. It integrates AI technologies in a more open manner, continuously focuses on niche innovation sectors, and seizes new opportunities in global industrial transformation. Frost & Sullivan has rich research achievements in the AI field , including the consecutive publication of the “Hong Kong AI Industry Development White Paper” and the “AI Empowering All Industries White Paper,” which continuously cover key areas such as AI infrastructure, large models, edge AI, embodied intelligence, AI healthcare, AI agents, AI solutions, and physical AI. Early research findings align with current industry and capital market concerns. Looking toward the future of the booming AI industry, Frost & Sullivan will continue to leverage its core advantages in investment and financing strategic consulting, connect global capital and industrial resources, focus on innovation empowerment, capital empowerment, and ecosystem empowerment. Together with leading AI industry leaders, we will explore a new blue ocean in the smart computing economy and build a new future for high-quality development of the AI industry!

The 20th Frost & Sullivan Global Growth, Innovation and Leadership Summit and the 5th New Investment Conference (hereinafter referred to as "2026 Frost & Sullivan Summit" or "Conference"), organized by Frost & Sullivan, a world-leading growth consulting firm, will be held grandly in Shanghai from August 4-5, 2026. During the conference, a new investment forum for life sciences will be launched. The forum will feature three parallel sessions focusing on biomedicine, medical devices, and health technology, presenting cutting-edge topics and latest insights. With the core concept “Driving Change through Innovation, Staying Resilient and Achieving Long-Term Success”, the forum invites industry leaders, biomedicine and medical device companies, health technology firms, investment institutions, and professional service organizations to deeply discuss emerging trends in life sciences, innovative technologies, and global development paths, aiming to promote industrial advancement and global collaboration. The “2026 China Biopharmaceutical Internationalization Development Blue Book” will be released during the biomedicine session of the new investment forum for life sciences on August 5. Host City: Shanghai, China Date: August 4-5, 2026 Conference Scale: 5,000+ Conference Format: Offline + Online Live Streaming Organizer: Frost & Sullivan Scan the QR code to register immediately Blue Book Release The “2026 China Biopharmaceutical Internationalization Development Blue Book” will be released during the biomedicine session of the new investment forum for life sciences on August 5. “Internationalization” of Chinese biopharmaceutical companies is an inevitable choice for China’s innovative drug industry after completing early capacity accumulation, as it actively participates in global industrial division of labor and seeks larger market opportunities and higher value realization paths. In the past, Chinese biopharmaceutical companies relied more on local clinical resources, engineer advantages, and rapid iteration capabilities to start their innovation journey. However, as local market competition intensifies, payment constraints increase, and there are more homogeneous products, internationalization becomes an important direction for companies to break through growth boundaries, verify innovation value, and enhance capital recognition. Meanwhile, global pharmaceutical companies are re-evaluating China’s innovative strength, considering Chinese companies as important research and development partners, asset sources, and industrial chain partners. Under this context, Chinese biopharmaceutical companies are moving from “product internationalization” to “capability and system internationalization” through various methods such as overseas clinical development, international registration applications, licensing transactions, overseas production, and commercialization strategies. True internationalization requires companies to have globally competitive products, as well as comprehensive capabilities in clinical design, registration communication, quality systems, intellectual property, business cooperation, and cross-cultural management that align with international standards. How to identify reliable opportunities in changing global industrial patterns and convert Chinese innovation into global market value has become a core question for China’s biopharmaceutical industry as it enters a new stage. Based on this, Frost & Sullivan releases the “2026 China Biopharmaceutical Internationalization Development Blue Book” to systematically outline the stage characteristics, driving factors, main paths, and future trends of internationalization development of Chinese biopharmaceutical companies, and to discuss the long-term value and development blueprint of China’s biopharmaceutical industry in global markets with industry participants, investors, and stakeholders. Overview of Main Contents of the “2026 China Biopharmaceutical Internationalization Development Blue Book” Analysis of the Background of China’s Biopharmaceutical Internationalization Provides an overview of the current state of China’s biopharmaceutical industry and analyzes internal and external driving factors for internationalization development, such as the pressure of medical insurance negotiations and centralized procurement, significant improvements in China’s biopharmaceutical R&D capabilities and quality, and potential in overseas markets. Internationalization has become a strategic development path for Chinese biopharmaceutical companies. General Overview of the History of Biopharmaceutical Internationalization Outlines the development process of China’s biopharmaceutical internationalization, from active pharmaceutical ingredients to generic drugs, to the globalization of innovative drugs, and explains the characteristics, export scale, and representative events of different internationalization stages, thereby drawing up a roadmap for China’s biopharmaceutical internationalization. Development and Trends of Internationalization of Active Pharmaceutical Ingredients and Generic Drugs Analyzes the global market structure of active pharmaceutical ingredients and generic drugs, outlines the export scale, regional distribution, product category structure, and current status of internationalization of Chinese generic drugs, summarizes the competitive advantages of Chinese companies in cost, quality, registration, and supply chain, and predicts future internationalization trends based on representative cases. Current Status and Trends of Internationalization of Innovative Drugs Systematically analyzes the current status, main models, and development trends of internationalization of Chinese innovative drugs across different drug types such as antibodies, chemical drugs, peptides, and CGT. By using representative cases, it compares the applicable scenarios and advantages of overseas licensing, joint development, independent registration and marketing, NewCo, and commercialization partnerships. It also examines the core elements, main challenges, and future opportunities of internationalization of Chinese innovative drugs from aspects such as overseas clinical development, special regulatory qualifications, license-out transactions, overseas approval and marketing, regional access and distribution policies, and overseas team building. Introduction to Internationalized/Planned to Be Internationalized Companies and Internationalization Service Providers The blue book will include partner companies, presenting their business areas, pipeline layouts, technology platforms, and differentiated advantages. It will also show the internationalization development strategies, overseas layout, and practical experience of partner companies, highlighting their global competitive advantages and the core value of their internationalized or planned to be internationalized products. For internationalization service providers, the blue book will display their internationalization business content, internationalization service regions, and representative service company cases, showcasing the service highlights and advantages of internationalization service providers. Highlights from the Previous Conference Review of the Previous Forum: Strengthening Foundations, Navigating Challenges – The 2025 Frost & Sullivan New Investment Forum for Life Sciences Conclsed Successfully! More Summit Information and Consultations New Investment Forum for Life Sciences Event Consultation | Sponsorship Cooperation | Conference Registration 📞 Conference Consultation Hotline: 021-3209-6800 ext. 8672 📧 Conference Consultation Email: gil@frostchina.com

2026 Future Health Industry Conference Conference Background: On June 28, 2026, the 2026 Future Health Industry Conference and Synthetic Biology Innovation Industry Summit with the theme "Symbiotic Synthesis, Mutual Benefit Transformation" was successfully held in Shanghai. The conference was guided by the Shanghai Science and Technology Commission and organized by the Shanghai Synthetic Biology Innovation Center. Academicians, experts, government leaders, leading industry companies, investment institutions, and various industrial innovation entities gathered together to explore cutting-edge technology trends, address challenges in industrial transformation, and build a healthy industrial ecosystem. The goal is to establish a coordinated development pathway integrating "government, industry, academia, research, medicine, application, finance, and services" and continue to support the large-scale and high-quality development of China’s synthetic biology industry. "Synthetic Biology Innovation Transformation Ecosystem Partner" Established: Frost & Sullivan China Senior Partner and Managing Director Yang Xiaocheng Invited to the main forum of the conference, Yang Xiaocheng joined the "Synthetic Biology Innovation Transformation Ecosystem Partner" as a third-party professional service provider. The ecosystem partner network operates on the core principles of "joint technical research, platform sharing, market expansion, and capital investment," bringing together various forces from "government, industry, academia, research, medicine, application, finance, and services" to create a collaborative innovation platform focused on the entire chain of synthetic biology transformation. Frost & Sullivan’s Deep Research Expertise in Synthetic Biology: This summit featured numerous experts and a strong academic atmosphere. Academician Zhao Guoping, Academician Liu Zhongmin, Academician Liu Dehua and other industry academics and leading company representatives delivered keynote speeches. Following this, Yang Xiaocheng, Senior Partner and Managing Director of Frost & Sullivan China, gave a speech based on the "Shanghai Synthetic Biology and Biomanufacturing Industry Development White Paper (2025)" released last year. From a global perspective, he analyzed the current state of the synthetic biology industry, emerging technology trends, and future market opportunities, sharing professional insights on industry implementation, commercialization upgrades, and global expansion. Yang Xiaocheng, Senior Partner and Managing Director of Frost & Sullivan China In his speech at the summit, Yang Xiaocheng pointed out that synthetic biology, as a cutting-edge research paradigm, focuses on the fundamental design and reconstruction of living systems, representing a key breakthrough in the R&D stage. Biomanufacturing emphasizes the large-scale and stable production of technologies, serving as a crucial foundation for the "from 1 to 100" scale-up of the industry. These two fields work synergistically and mutually enhance each other. Currently, synthetic biology is rapidly penetrating core areas of the national economy, covering six key application scenarios: biomedicine, advanced materials, consumer goods, energy, environmental protection, and agriculture. It provides sustainable industrial solutions and strategic support for addressing major challenges such as resource scarcity, environmental governance, and public health worldwide. Under the context of the rapid development of new productive forces, Yang Xiaocheng emphasized that vigorously developing synthetic biology and biomanufacturing industries is not only a strategic opportunity for China to seize global industry leadership but also a key path to promoting technological innovation, achieving high-level scientific self-reliance, and fostering new productive forces. He analyzed the current state and trends of the global and Chinese synthetic biology and biomanufacturing industries from four dimensions: The industry policy and regulatory system continues to improve, and institutional support is being accelerated; Global competition and cooperation are intensifying, making the need for autonomous and controllable supply chains more urgent; Capital market investment becomes more rational and cautious, while product innovation and selection requirements increase; The regional clustering effect of the industry remains prominent, and the industrial ecosystem and supporting systems become increasingly complete. Additionally, Yang Xiaocheng conducted a deep comparative analysis of the global synthetic biology industry development pattern. Synthetic biology has become a strategic high point for countries around the world to invest in. The United States, with long-term national strategic investments, a well-developed innovation ecosystem, and a highly market-oriented capital operation mechanism, remains at the forefront of the global synthetic biology and biomanufacturing industry. The UK, as one of the core sources of synthetic biology research and industrialization, has a strong research foundation, stable funding, and systematic policy support. With the adjustment of regulations after Brexit, it has developed a unique industry development path. Based on a deep analysis of the industry development paths in European and American benchmark regions, Yang Xiaocheng summarized four key insights that provide important references for the strategic layout and high-quality development of China’s synthetic biology industry. When choosing an industrialization path, we must pay great attention to the top-level design of the business model and carefully plan high-value sectors. We should actively guide innovation entities to focus on high-value areas such as medical health, green materials, and high-end components, avoiding low-end scale competition in cutting-edge technologies, so as to truly leverage the technical premium and disruptive potential of synthetic biology. The construction of regulatory frameworks should emphasize stability and predictability. Clear rules are more important than rapid approvals. We need to establish a classified, scientific, transparent, efficient, and internationally compatible regulatory system to provide clear access paths and development expectations for new products and technologies, thereby stabilizing market confidence, reducing compliance costs, and effectively stimulating innovation vitality over the long term. We must accurately identify and overcome the core bottlenecks from the laboratory to the factory. In particular, pilot scale up and process validation have become common obstacles to the transformation of many excellent results. By learning from international experience, through the establishment of open and shared pilot platforms, demonstration lines, and industrial collaboration networks, we can provide key infrastructure support for innovation enterprises, systematically overcoming the "last mile" of industrialization. The development of synthetic biology essentially depends on an open, collaborative, and talent-driven innovation ecosystem. We need to build a full-chain collaboration mechanism spanning "basic research, technology development, industrial transformation, and market application," strengthen deep integration of industry, academia, and research, and protect intellectual property rights. At the same time, we should attract and cultivate top talents with multi-disciplinary backgrounds in biology, engineering, and data to form a sustainable innovation cycle. In summary, the future development of China’s synthetic biology industry cannot be limited to mere technological catching-up. It requires systematic and comprehensive planning from multiple dimensions such as strategic choices, regulatory science, industrial foundation, and ecosystem construction. By comprehensively addressing the shortcomings of industrial development and optimizing the industrial development pattern, we can help China build core advantages in the new round of global bio-economy competition and develop a distinctive development path that suits China’s industrial foundation, combines innovation vitality, and is sustainable. Frost & Sullivan has long been involved in global cutting-edge technology fields and continuously conducts frequent and systematic in-depth industry research, accumulating rich insights into cutting-edge technology and related industry research experience. In August this year, the "Global Synthetic Biology Industry Development Blue Book (2026)" will be launched globally. This white paper relies on in-depth research and collaborative efforts from "government, industry, academia, research, medicine, application, finance, and services" to systematically review the current state of industry development, core challenges, and future trends. It aims to provide professional, forward-looking, and structured authoritative references for government decision-making, institutional investment, industrial layout, and industry development. Therefore, Frost & Sullivan sincerely invites high-quality enterprises, benchmark parks, and industrial platforms from the upstream and downstream of the industry to participate deeply. Through a first-person perspective, they will share how to face existing challenges and capitalize on business opportunities, demonstrating their core competitiveness in business models, technology platforms, advanced processes, and ecological cooperation. These empirical cases will provide authoritative voices and focused dissemination opportunities for cooperative enterprises globally, while also offering references for investors, research institutions, and the industry, attracting upstream and downstream partners to join the enterprise ecosystem. Participating in this white paper project will help cooperative enterprises enhance their brand presence in the global market and support global brand building and product layout. To participate in the cooperation, please long-press and scan the QR code below. We will contact you.

As the Large Model and AI search become widely available, the way users obtain information is undergoing fundamental changes. In the past, brands mainly competed for rankings and clicks on search results pages; now, brands need to enter the realm of AI-generated answers and become sources of information that are cited, recommended, and trusted. Under this change, GEO (Generative Engine Optimization) is becoming a new track for brand growth. GEO is a professional service mechanism based on generative artificial intelligence information processing mechanism. While adhering to laws and regulations, platform rules, and ethical requirements, it combines content governance, technical adaptation, credible source development, and multi-channel collaborative dissemination to structure relevant information, provide credible offerings, and optimize it systematically, thereby enhancing its generative AI engine capabilities in recognizability, understandability, callable nature, replicability, and recommendation adaptability. Currently, while the GEO field is developing rapidly, it also faces challenges such as increasing information pollution risks, variable service capabilities, inconsistent performance evaluation systems, and non-compliant competition that restricts the space for compliant entities. There is an urgent need for industry standards and self-regulation. To implement the national overall plan for digital economy and artificial intelligence development, the China Advertising Association officially launched the standardization work in the GEO field in March 2026. It has formulated industry self-regulation standards and operational guidelines regarding technical capabilities, technical operation norms, service process criteria, compliance management requirements, and performance evaluation systems. The aim is to curb industry chaos at the source and promote a healthy development pattern where good products dominate bad ones. Given the above background, Frost & Sullivan, a global growth consulting company, under the guidance of the China Advertising Association, continues to advance the preparation of the "China GEO Marketing Practices and Compliance Development Report (2026)" and the collection of corporate cases. This report follows the standardization system for the GEO field established by the China Advertising Association, aiming to build a systematic understanding framework for the GEO industry in China. It provides authoritative references for enterprises to understand the value logic of GEO, grasp application directions, analyze market competitiveness, learn from industry practices, and align with the standardization process. We sincerely invite GEO service providers, AI search and content intelligent platforms, brand owners, technology service providers, and ecosystem partners to actively participate, jointly sort out industry practice experiences, analyze development trends, reach industry consensus, and together create a compliant, transparent, credible, and sustainable new ecosystem for GEO development to support the construction of Digital China. Research Content of the Report Based on industrial research perspective and multi-source case studies, this report aligns with the overall standardization system for the GEO field established by the China Advertising Association. It covers five chapters: "Industry Definition and Development Background, Current Status, Marketing Practices and Credible Communication System, Future Development Analysis, Benchmark Enterprises and Product Cases." The report focuses on the definition boundaries, demand side changes, industrial chain operation mechanisms, implementation paths, credible communication and compliance evaluation systems, providing authoritative references for enterprises to understand the value logic of GEO, grasp application directions, analyze market competitiveness, learn from industry practices, and align with the standardization process. Core Research Content: 1. Definition and Development Background of the China GEO Industry Clarify the research boundaries and core characteristics of GEO, outline industry demand background, development history, policy environment, and market potential from 2024 to 2030, and establish a unified analysis framework. 2. Analysis of the Current Status of the China GEO Industry Break down the full industrial chain and upstream, midstream, and downstream application segments, analyze the service chain, value division of labor, commercialization path, and demand side market validation, including the use of AI tools, changes in user search behavior, and the impact of AI on consumer decision-making processes. 3. Construction of GEO Marketing Practices and Credible Communication System Focusing on implementation approaches such as brand AI visibility diagnosis, user intent and scenario identification, content asset optimization, credible source development, and multi-channel collaborative dissemination, analyze directions for credible content, credible sources, credible communication, credible evaluation, multi-party collaborative governance, and evaluation system construction. 4. Analysis of the Future Development of the China GEO Industry Evaluate industry competitive barriers, value upgrading, development trends, and prospects, analyze the commercial and social value of GEO, and provide references for enterprise capacity building and ecosystem layout. 5. Benchmark Enterprises and Product Cases in the China GEO Industry Select representative enterprises and product cases, analyze service models, product capabilities, technical paths, customer scenarios, and implementation effects, extract key industry best practices, and systematically display the differentiated advantages, compliance practices, and market representativeness of enterprises in the GEO field. Value of Participation The "China GEO Marketing Practices and Compliance Development Report (2026)" is compiled and released by Frost & Sullivan and completed under the guidance of the China Advertising Association. LeadLeo as a communication support unit. The report will be widely published through Frost & Sullivan China’s official website, the China Advertising Association’s official website, LeadLeo Research Institute, Wind, Tonghua, Oriental Fortune, and other financial terminals and professional channels. Eligible participating enterprises will have the opportunity to receive a certificate for being included in the "Credible Generative Engine Optimization (GEO) Typical" case of the "China GEO Marketing Practices and Compliance Development Report (2026)", which systematically demonstrates their technical capabilities, service capabilities, customer cases, methodology accumulation, and ecological value in the GEO industry, helping outstanding enterprises enhance their industry recognition, professional endorsement, and capital market attention in the new AI search entrance, and jointly promoting a healthy industry development pattern where good products dominate bad ones. 1. Strengthen Industry Position and Brand Influence : Participate in report research and case co-creation, obtain authoritative third-party research endorsement under association official guidance, and enhance enterprises' professional recognition, compliance image, and market trust in the GEO sector. 2. Gain Industry Insights : Conduct joint discussions on brand needs, AI visibility management, credible communication system, technical paths, commercial models, and compliance evaluation directions, providing references for enterprise product iteration, market strategies, and investment communication. 3. Authoritative Case Exposure and Capital Access : Excellent cases have the opportunity to be included in the report’s benchmark cases, industrial ecosystem map, and series of communication content. Through the China Advertising Association’s official website, Frost & Sullivan China’s official website, LeadLeo Research Institute, Wind, Tonghua, Oriental Fortune, and other financial terminals, as well as over a hundred cooperative media, professional brand exposure will be achieved, precisely reaching the capital market and investment institutions. 4. High-End Industrial Ecosystem Connection : Priority access to research interviews and closed-door discussions, and participation in top industry events such as the 2026 China International Advertising Festival , to deeply connect with brand owners, technology providers, content service providers, investment institutions, and industry experts, expand business cooperation, resource connection, and strategic partnerships, and jointly build a compliant, transparent, credible, and sustainable new ecosystem for GEO development. Participation Methods 1. Application Registration : Enterprises interested in participation please scan the code to fill out the application form, submit basic enterprise information and participation intentions, and obtain the report research framework and case submission requirements. 2. Participation in Research and Exchanges : During subsequent research and exchange activities, submit excellent case materials related to enterprises and products, participate in interviews, discussions, or supplementary material communications, and jointly contribute industry practice experiences to the report writing. Enterprise Case Collection and Publication Plan Targeted Entities for Case Collection : Open to GEO service providers, AI search and content intelligent platforms, brand owners, technology service providers, and ecosystem partners. Relevant GEO industry enterprises are welcome to participate. Case Collection Period : June 1, 2026 – July 31, 2026 (continuous collection) Application and Evaluation of Enterprise Products and Cases : August 1, 2026 – August 31, 2026 Report Release Date : Expected to be released during the 2026 China International Advertising Festival in October 2026. Contact Information Long-press to recognize the QR code for participation in collection