Zoomlion's success is rooted in the integrity, harmony, and professionalism of its leadership. Two key points must be addressed first. First, Zoomlion has already demonstrated strong leadership qualities within the industry, with consistent top rankings in corporate profits over the years. Second, behind every successful company stands a remarkable entrepreneur, and we believe Zhan Chunxin embodies the traits of an outstanding leader. In the early 1990s, Zoomlion was still in its startup phase. Its concrete pump had just entered the market, and initially, the product struggled to sell. However, as summer approached, the high temperatures caused hydraulic oil to heat up rapidly, leading to poor performance of the pumps. Negative reports began to surface, and the company faced urgent challenges. While the media widely covered similar issues like Zhang Ruimin’s public criticism of refrigerators, Zhan Chunxin’s decision to halt production due to quality concerns remained largely unknown. Over time, he rarely spoke about it, and even many employees were unaware of the incident. Yet, this moment marked the beginning of his entrepreneurial journey. As Zhan once said: “The key to making a company last for a century is having a sense of responsibility among those who run it. Without that, profit is just a one-time gain. How can it be sustained?” Zhan Chunxin’s choice to stop production showcased not only his integrity but also his sense of responsibility. During mergers and acquisitions, his ability to maintain harmony, coordinate effectively, and respect all stakeholders further highlighted his qualities as a great entrepreneur. On a public occasion, he delivered a passionate speech on the merger with Puye, emphasizing the importance of restructuring. He described the process as removing a "bandit" from a growing seedling, allowing the company to expand freely. He stressed that reform required divesting non-performing assets, properly resettling retirees, and lightening the company’s load. He also pointed out the benefits of shared resources—market networks, technical teams, and financial reserves—creating a powerful synergy between companies. The combined strengths of Puye and Zoomlion formed a unique advantage in the industry. Additionally, he believed that the current favorable economic environment offered unprecedented opportunities for growth. Regarding post-merger management, Zhan emphasized a clear structure: capital bonds as the sole relationship, shareholder meetings as the highest authority, and the board of directors as the permanent decision-making body. He insisted on maintaining independence and avoiding administrative overlaps. His vision was to establish a scientific capital operation system, ensuring efficiency and long-term success. Despite being offered a government position, Zhan declined, stating that his passion lay in engineering and business, not politics. Today, as an accomplished entrepreneur, he has embodied the values of honesty, harmony, and professionalism. With the completion of corporate restructuring, he has transitioned from manager to entrepreneur, marking a significant milestone in both his career and Zoomlion’s development. Experts praised Zoomlion’s institutional reform as a balanced and efficient approach, reflecting the central government’s emphasis on harmony. Zhan himself noted that the restructuring was not a compromise but a sincere effort to align interests and maximize resource utilization. He emphasized that the process took ten years of hard work, with each small step representing a breakthrough in the company’s system. These efforts, though risky, ultimately led to sustainable growth and a win-win situation for all stakeholders.

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