Liko Global Continues to Strengthen Its Industry Research Framework

To further strengthen its industry knowledge, project assessment, and resource coordination capabilities, HONG KONG LIKO GLOBAL LIMITED continues to develop a more systematic, standardized, and continuously evolving industry research framework.

Industry research connects macroeconomic trends and industry developments with individual projects. In rapidly changing emerging industries, market attention, isolated data points, or information supplied solely by project owners are rarely sufficient to support a complete assessment.

Continuous research helps develop a deeper understanding of industry development stages, real-world demand, value-chain structures, technological progress, and material risks. It therefore provides an important foundation for project discovery and assessment.

Focusing on Key Industry Areas

In line with the Company’s positioning and long-term areas of interest, the Liko Global industry research framework will focus on:

• Smart shipping and maritime digitalization;
• Marine technology and deep-sea industries;
• The low-altitude economy and aerospace logistics;
• Green industries and related infrastructure;
• Digital industries and industrial digitalization;
• Other emerging industries with long-term growth potential.

Research will examine both overall industry development and specific application scenarios, critical processes, and specialized market segments. This approach helps avoid assessing projects solely through broad industry concepts.

Establishing a Multidimensional Research Framework

Industrial projects involve technological, commercial, operational, asset, team, and capital considerations. To develop a more complete understanding, the research framework analyzes projects and industries across multiple dimensions.

Industry Environment

Research covers macroeconomic conditions, market size, industry cycles, policies and regulations, competitive structures, and long-term trends. The objective is to determine whether industry demand is genuine and sustainable.

Industry and Value Chains

The framework examines upstream raw materials and core equipment, midstream products and services, downstream applications, and customer structures. This helps identify critical processes, value distribution, supply-chain risks, and potential opportunities for collaboration.

Real Demand and Application Scenarios

Research considers the practical problem addressed by a project, its target customers, operating environment, and existing alternatives. It then assesses whether the product or service can create verifiable value in actual operations.

Technology and Product Capabilities

Relevant areas include technological maturity, product reliability, intellectual property, engineering capabilities, production, delivery, and maintenance. The analysis considers whether technological advantages can be transformed into stable products and services.

Business Model and Operating Quality

Research examines revenue sources, customer structure, cost composition, order quality, payment cycles, cash flow, and scalability. The objective is to determine whether a project has a foundation for sustainable operations and responsible expansion.

Assets and Infrastructure

For capital-intensive projects, the framework considers asset ownership, construction progress, capacity utilization, maintenance costs, operating efficiency, and long-term service capabilities.

Team and Governance

Research examines the core team’s industry experience, technical capabilities, organizational responsibilities, decision-making processes, ownership structure, and risk-management capabilities.

Capital Strategy and Risk Control

The framework analyzes funding requirements, the intended use of capital, development stage, financing arrangements, and potential risks. It considers whether the capital strategy is aligned with the project’s actual progress and industry cycle.

Developing a Continuously Evolving Research Process

Industry research is not a one-time collection of information. It is an ongoing process of raising questions, collecting evidence, validating assumptions, and refining conclusions.

Depending on the research topic, the process may include the following stages:

1. Defining the Research Topic
   Research directions and key questions are identified based on industry trends, business needs, and project opportunities.

2. Collecting Public Information
   Relevant policies, industry reports, corporate information, market data, technical materials, and public case studies are reviewed.

3. Mapping the Industry Chain
   Major participants, value-chain structures, critical processes, and upstream and downstream relationships are analyzed.

4. Expert and Industry Interviews
   Where appropriate, discussions may be conducted with industry specialists, business operators, technical professionals, and professional institutions.

5. Project and Application Validation
   Research assumptions may be tested through project materials, customer feedback, operating data, or direct project communication.

6. Cross-Validation and Risk Identification
   Information from different sources is compared to identify inconsistencies, key assumptions, and potential risks.

7. Review and Continuous Updating
   Research conclusions are reviewed and updated in response to industry developments and project experience.

Through this process, industry research progressively moves beyond static information analysis and becomes more closely connected with real projects, operating environments, and measurable results.

Turning Research into Practical Support

The value of industry research lies not only in producing reports, but also in supporting practical business judgment.

Depending on the research topic, research outputs may include:

• Industry-chain and value-chain maps;
• Lists of priority application scenarios and market needs;
• Watchlists of relevant companies and projects;
• Preliminary project assessment frameworks;
• Due diligence question lists;
• Maps of industry resources and expert networks;
• Risk registers and ongoing monitoring lists;
• Recommendations for project cooperation and resource coordination.

These outputs can support project discovery, preliminary screening, value assessment, due diligence, and industry resource coordination.

Following Principles of Accuracy, Prudence, and Long-Term Thinking

Liko Global’s industry research is based on public information and verifiable materials. The framework distinguishes between established facts, professional judgments, and untested assumptions.

Research does not rely on a single source or short-term market sentiment as a substitute for structured analysis.

Where information has not been fully validated, appropriate uncertainty will be retained. In rapidly changing industries, research conclusions will be reviewed and updated as new information becomes available.

Industry research cannot eliminate uncertainty, but it can help identify sources of value, critical variables, and material risks more clearly, improving the quality of project communication and assessment.

Continuously Strengthening Industry Knowledge

As industrial structures, technological pathways, and market demand continue to evolve, Liko Global will further develop its research methods, information management, expert collaboration, and internal review mechanisms.

The Company will continue to integrate industry research with project practice, using real-world applications to validate research conclusions and project feedback to refine its understanding of each industry.

This approach will provide a stronger foundation for identifying promising projects, assessing long-term value, and coordinating relevant industry resources.

Disclaimer

This article is provided solely to introduce the Company’s industry research framework and for general information purposes. It does not constitute investment advice, a solicitation for financing, or any guarantee of returns. Industry and project assessments involve uncertainty, and any decision should be based on the specific circumstances, appropriate professional advice, and sufficient due diligence.