December 1st, 2025, marks a major milestone in our company's evolution. After operating under the Yingmo and Hongxinghua names, we have officially unified under our global brand — ELPHA Formwork (Henan ELPHA Formwork Co., Ltd.). This transformation consolidates our identity and strengthens our strategic positioning for long-term international growth.

ELPHA Formwork moves forward with a powerful ownership structure designed to support global expansion and operational stability:
• 51% — Xiamen Xiangly Investment Co., Ltd., an investmest enterprise of XMXYG oporation (Fortune Global 500)
• 49% — Hongxinghua, the parent company of Yingmo

Becoming part of the Xiangyu ecosystem gives ELPHA Formwork access to deeper capital resources, secure raw-material supply channels, and robust multimodal logistics infrastructure. This foundation enhances ELPHA Formwork's ability to maintain stable delivery schedules, manage supply risks, and support large-scale international projects.

Stronger supply-chain integration means ELPHA Formwork can better serve global customers with consistent quality and timely delivery. Xiangyu’s established network includes international freight corridors and strategic regional partnerships, enabling ELPHA to coordinate materials and components between suppliers, manufacturing facilities, and project sites worldwide.

This strategic partnership also reinforces governance and operational discipline. With Xiangyu's participation, ELPHA Formwork aligns with robust compliance frameworks, financial oversight, and long-term planning, improving reliability and trust among international partners and buyers.

Looking ahead, ELPHA Formwork will build on this strengthened ownership foundation to accelerate product development, expand global market reach, and enhance supply-chain resilience, delivering greater value across international construction markets.