Xueqi Electric Co., Ltd.

Announcement on the Implementation of the 2025 Annual Equity Distribution

Legal Opinion from Beijing Jiayuan Law Firm Regarding the 2025 Annual Shareholders' Meeting of Hefei Xueqi Electric Co., Ltd.

Announcement on the Resolutions of the 2025 Annual Shareholders' Meeting

Announcement on the change in shareholders' equity holding more than 5% of the shares touching 1% integer multiple and the completion of the implementation of the shareholding reduction plan

Announcement on holding the 2025 and first quarter 2026 results briefing

Announcement on co-investment with professional investment institutions

CITIC Securities' Audit Opinion on Hefei Xueqi Electric's 2025 Internal Control Evaluation Report

CITIC Securities, as the sponsor, has audited Hefei Xueqi Electric's 2025 internal control evaluation report. The audit confirmed that the company's internal control system complies with relevant laws and regulations. The report accurately reflects the company's internal control construction and operation. No major or significant deficiencies were found in financial or non-financial reporting internal controls.

Annual deposit, management and use of raised funds assurance report

CITIC Securities: Audit Opinion on Hefei Xueqi Electric's 2025 Raised Fund Storage, Management, and Use

CITIC Securities, as the sponsor, audited Hefei Xueqi Electric's 2025 raised fund storage, management, and use. The company raised RMB 525.84 million, with a net amount of RMB 457.44 million after expenses. As of December 31, 2025, RMB 388.99 million was invested, with RMB 741.99 million remaining in the special account.

CITIC Securities Co., Ltd. on the results of the on-site inspection of Hefei Xueqi Electric Co., Ltd.'s continuous supervision work in 2025 and the precautions for the company

CITIC Securities Co., Ltd. on the 2025 annual sponsorship work report of Hefei Xueqi Electric Co., Ltd

Announcement on the proposed renewal of accounting firms

Report on the Regular On-Site Inspection of Continuous Supervision Work for Hefei Xueqi Electric Co., Ltd. by CITIC Securities Co., Ltd.

2025 Annual Report of Independent Director (Bao Wangjian)

This report details the independent director's performance in 2025, adhering to laws and company regulations. The director actively participated in board and shareholder meetings, reviewed proposals, and provided professional opinions. Key areas of focus included related-party transactions, financial reporting, and internal controls, ensuring the protection of shareholder interests.

Hefei Xueqi Electric Co., Ltd. 2025 Annual Independent Director Performance Report (Tong Xiaoyong)

This report details the performance of Independent Director Tong Xiaoyong for Hefei Xueqi Electric Co., Ltd. in 2025. It covers attendance at board and shareholder meetings, participation in special committees, and communication with internal and external parties. The director confirms compliance with laws and regulations, diligent performance of duties, and safeguarding shareholder interests, finding no issues with related-party transactions or financial reporting.

Hefei Xueqi Electric Co., Ltd. 2025 Independent Director Performance Report (Zhang Hua)

This report details Zhang Hua's performance as an independent director for Hefei Xueqi Electric Co., Ltd. in 2025. He attended board and shareholder meetings, participated in committee work, and reviewed financial reports and related-party transactions. He confirmed compliance with regulations and acted in the best interests of the company and shareholders.

Internal Control Audit Report

This report presents the internal control audit for Hefei Xueqi Electric Co., Ltd. as of December 31, 2025. The audit was conducted by RSM China Certified Public Accountants (Special General Partnership) in accordance with relevant standards. The report concludes that, in all material respects, the company maintained effective financial reporting internal controls.

2025 Internal Control Evaluation Report

Articles of Association of Hefei Xueqi Electric Co., Ltd

2025 Board of Directors Work Report

Announcement on the 2026 remuneration plan for directors and senior management

Announcement on changing the scope of business, amending the Articles of Association and handling the registration of industrial and commercial changes

Hefei Xueqi Electric Co., Ltd. announced changes to its business scope and amendments to its Articles of Association, which were approved by the board of directors. The new business scope includes expanded activities in household appliances, refrigeration, air conditioning, and electronic components. These changes will be submitted for approval at the 2025 annual shareholders' meeting. The board will handle the registration and filing of these changes with the relevant authorities.

Special Report on the Storage, Management, and Use of Raised Funds in 2025

This report details the 2025 use of raised funds by Hefei Xueqi Electric Co., Ltd. The company raised RMB 525.84 million, with net proceeds of RMB 457.44 million. Funds were primarily used for investment projects, with some allocated to cash management. The report confirms no violations in fund management and disclosure.

Notice of the 2025 Annual Shareholders' Meeting

Resolution Announcement of the 9th Meeting of the 2nd Board of Directors

Announcement on the 2025 Profit Distribution Plan

Hefei Xueqi Electric Co., Ltd. announces its 2025 profit distribution plan, proposing a cash dividend of RMB 2 per 10 shares. The plan is based on the company's net profit and accumulated undistributed profits as of December 31, 2025. The total cash dividend is estimated at RMB 36,606,080.00, representing 37.57% of the net profit attributable to shareholders. The proposal requires approval from the 2025 annual general meeting.

First quarter report of 2026

Hefei Xueqi Electric Co., Ltd. reported a 50.14% increase in operating income for Q1 2026, totaling approximately 662.43 million yuan, while net profit attributable to shareholders decreased by 38.22% to about 11.76 million yuan. The company's total assets rose by 7.97% to approximately 2.73 billion yuan. The report highlights a significant increase in short-term borrowings and a decline in net cash flow from operating activities by 23.36%.

Report on the Evaluation of the Accounting Firm's Performance in 2025 and the Audit Committee's Fulfillment of Supervisory Duties

This report evaluates the performance of Rongcheng Certified Public Accountants (CPA) as the company's auditor for 2025. The Audit Committee reviewed the firm's qualifications, independence, and professional competence, finding them satisfactory. The committee approved the reappointment of Rongcheng CPA for the 2025 audit and internal control review, concluding their supervisory duties were fulfilled.

Special explanation of the occupation of non-operating funds and other related fund transactions

Summary table of non-operating capital occupation and other related fund transactions in 2025

Special Opinion on the Assessment of Independent Directors' Independence by the Board of Directors

The Board of Directors of Hefei Xueqi Electric Co., Ltd. assessed the independence of its three independent directors. The assessment concluded that the directors have strictly adhered to relevant laws, regulations, and company rules, maintaining their independence. No factors were found to compromise their independence.

2025 annual audit report

2025 Annual Report