CITIC Europe Holds 2026 Mid-Year Working Meeting

On 10 August, CITIC Europe convened its 2026 Mid-Year Working Meeting. Su Guoxin, Chairman of the Board, delivered the keynote address, in which he reviewed the Company’s business performance in the first half of the year and outlined the arrangements for implementing the upcoming 15th Five-Year Development Plan.

General Manager Zhang Zhiyong conveyed the key messages from CITIC Group’s Mid-Year Working Meeting, reviewed the performance of the subsidiaries, and set out specific tasks and priorities for the second half of the year.
Mr. Su Guoxin delivered a speech entitled “Staying Focused on Our Goals and Striving for Excellence through Hard Work. Writing a New Chapter of Development with Full Commitment.” He noted that the Company delivered stable overall performance in the first half of the year, accelerated the development of its investment platform, strengthened its role as a bridge between China and Europe, deepened collaboration across its business segments, and continued to improve the quality and performance of its existing assets. On behalf of the Board of Directors, he thanked all employees for their hard work and dedication.
The year 2026 marks the first year of implementing the 15th Five-Year Plan and the Group’s “3-3-5” strategy. In light of the new environment and the Company’s new strategic positioning, Su Guoxin called on all employees to seize the opportunities arising from the Company’s transformation and development, align their efforts, and steadily advance all key initiatives.

He highlighted five priorities. First, the Company will strengthen accountability and make every effort to achieve its annual business targets. Second, it will advance strategic planning by defining its medium- and long-term strategic direction and setting clear targets for the next five years. Third, it will accelerate the development of its investment platform, prepare an investment white paper, and deepen cooperation with European investment institutions. Fourth, it will strengthen risk prevention and mitigation, work towards resolving all outstanding litigation cases, and enhance ongoing risk monitoring. Fifth, it will maintain a strong focus on key projects and accelerate initiatives to streamline its organisational structure and asset portfolio, improve energy efficiency and reduce carbon emissions, and renovate its commercial and office properties.
In closing, the meeting called on all employees to remain firmly focused on their goals, join forces, overcome challenges, and work together to advance the Company’s high-quality development.

Zhang Zhiyong conveyed the key messages from CITIC Group’s Mid-Year Working Meeting. He stressed the importance of taking a pragmatic approach, focusing firmly on implementation, and ensuring that the Company fully achieves its annual business targets.
First, the Company will further strengthen its equipment manufacturing business, enhance cooperation with Chinese companies, particularly sister companies within the Group, deepen synergies, and explore new market opportunities. Second, it will ensure the stable development of its brewing business, with a strong focus on compliance and market expansion, while exploring further opportunities to reduce costs and enhance competitiveness. Third, it will continue to improve its real estate and hotel businesses and strengthen detailed project management of the renovation of the former Živnostenská Banka building. Fourth, it will ensure effective penetrative management, safeguard the rights and interests of the state-owned shareholder, and further enhance its cross-cultural management capabilities.

The meeting combined an in-person session at the main venue with participation by video conference. The Finance Department presented the Company’s financial performance for the first half of the year, while the major subsidiaries and business lines provided updates on their latest business developments. Members of the Board of Directors and management of CITIC Europe, heads of functional departments, business lines and subsidiaries, as well as employee representatives, attended the meeting.