公告日期：2025-04-26

2023 Annual Report of DR Corporation Limited

Letter to Shareholders

Let True Love Become the Choice of Our Times

Dear Shareholders,

2024 marks the third year since DRCO became a publicly listed company. Over these three challenging years,
we have witnessed the reshaping of global geopolitical dynamics, experienced the structural divergence of
consumer market, and directly faced the profound transformation brought about by the reversal of China’s
demographic dividend. As the world stands at the crossroads between old and new orders, we now
understand more deeply than ever that embracing change is essential to a company’s growth. In a market
environment full of uncertainties, DR has distinguished itself with its unique positioning—becoming the
world’s only premium jewelry brand dedicated to the expression of true love. Amid fierce industry
competition, we have taken a differentiated path, carving out a distinctive presence in the global jewelry
landscape.
Change and Consistency

In an era of material abundance and emotional anxiety, young people’s views on love and marriage are
undergoing a quiet yet profound transformation. This shift reflects not only economic pressures and a crisis
of social trust but also a re-examination of personal values and lifestyles by a new generation. Marriage, once
considered a “life default,” has gradually become an “optional choice.” Young people are redefining their
own emotional narratives with greater caution and freedom.

DR has always upheld its original mission: to accompany those who believe in true love and those who long
for love but doubt its attainability. We firmly believe that love is a deeply rooted human need, and a timeless
code of civilization. We also believe that true love is one of a kind, just like every DR Diamond Ring,
engraved with a unique code.

In an era of diverse values, DR’s interpretation of “the sole true love in one life” is evolving with the times.
To us, love is not a s……
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