HuBei NengTer Technology Co., Ltd.

Legal Opinion on the 2025 Shareholders' Meeting of Hubei Nengte Technology Co., Ltd. by Songzhisheng Law Firm

Announcement of Resolutions from the Company's 2025 Annual Shareholders' Meeting

Hubei Sunshine Law Firm's Legal Opinion on Hubei Nengte Technology Co., Ltd.'s Control Rights Matters

This legal opinion from Hubei Sunshine Law Firm addresses changes in the control rights of Hubei Nengte Technology Co., Ltd. following the expiration of a proxy agreement and renunciations of voting rights. The analysis confirms that despite these changes, Hubei Jingjiang Industrial Investment Group Co., Ltd. remains the largest shareholder and retains significant influence over board appointments and shareholder resolutions. The controlling shareholder, Jingzhou State-owned Assets Supervision and Administration Commission, remains unchanged.

Announcement Regarding 5%+ Shareholders' Declarations of Renouncing Voting Rights and Not Seeking Controlling Shareholder Status, and Change in Equity

This announcement details equity changes at Hubei Nengte Technology Co., Ltd. Key shareholders Deng HaiXiong and Guangzhou Haixu have renounced their voting rights for 7.77% of shares from May 17, 2026, to May 16, 2027. Shareholder Chen LieQuan also declared he will not seek controlling shareholder status. These actions do not alter the company's actual controller or impact its governance.

Simplified Equity Change Report (Jingjiang Industrial)

Announcement on Abnormal Stock Trading Fluctuations

Hubei Nengte Technology Co., Ltd. announces abnormal stock trading fluctuations due to a cumulative price deviation exceeding 12% over two trading days. The company has verified that there is no undisclosed material information, no significant changes in operations, and no insider trading by major shareholders or management. The announcement serves to inform investors of the situation and associated risks.

Announcement on the Progress of Company Share Repurchase

Hubei Nengte Technology Co., Ltd. announces the progress of its share repurchase program. As of April 30, 2026, the company has repurchased 76,218,100 shares, representing 3.08% of the total share capital, at an average price of 3.41 yuan/share. The total amount spent is 259.98 million yuan. The company will continue to implement the repurchase plan within the specified period.

Independent Directors' Opinion on the Special Explanation Regarding the Matters Involved in the Qualified Audit Report and Adverse Internal Control Audit Report for 2025

Independent directors of Hubei Nengte Technology Co., Ltd. reviewed the qualified audit report and adverse internal control audit report for 2025. They respect the auditor's professional judgment and will urge the company to strengthen internal controls and rectify issues to protect shareholder interests. The company will also ensure timely information disclosure.

Hubei Nengte Technology Co., Ltd. 2025 Annual Report Summary

This report summarizes Hubei Nengte Technology's 2025 performance, highlighting a net profit of 645 million RMB from Vitamin E business and a 231 million RMB goodwill impairment for pharmaceutical intermediates. The company is optimizing its structure, divesting non-core assets, and focusing on R&D. A share repurchase program is underway, with 75.7 million shares repurchased as of April 27, 2026.

2025 Annual Report

Hubei Nengte Technology Co., Ltd. 2025 Annual Financial Report

This report details Hubei Nengte Technology Co., Ltd.'s 2025 financial performance. Revenue decreased by 29.14% to 7.27 billion yuan, primarily due to reduced operations at a subsidiary. Net profit attributable to shareholders significantly increased by 172.50% to 248.45 million yuan, driven by strong Vitamin E performance and offset by impairments.

2025 Annual Board Work Report

Announcement on the Investment and Construction of a 20,000 Ton/Year Green Recycled Polyester Project by Wholly-Owned Subsidiary Nengte Company

Hubei Nengte Technology Co., Ltd. announces its wholly-owned subsidiary, Nengte Company, will invest RMB 100 million to build a 20,000 ton/year green recycled polyester project. The project is expected to generate RMB 291.44 million in revenue and RMB 33.39 million in net profit annually, with a payback period of approximately 4 years. This strategic investment aims to expand the company's product portfolio and market reach in the green materials sector.

Audit Report on Accounting Error Correction for Hubei Nengte Technology Co., Ltd. (Daxin Special Audit No. [2026] 2-00311)

This report details an audit of Hubei Nengte Technology's accounting error corrections for 2023 and 2024. The errors stemmed from insufficient evidence for revenue recognition in plastic trading. The corrections involve retrospective adjustments to financial statements, impacting various accounts like receivables, inventory, and net profit, with no change to the overall profit or loss nature of previously disclosed annual reports.

Financial Statements and Related Notes After Correction of Prior Period Accounting Errors

Announcement on Correction and Retrospective Restatement of Prior Accounting Errors

This announcement details the correction of prior accounting errors by Hubei Nengte Technology Co., Ltd. The errors primarily relate to the recognition of revenue from plastic trading business, affecting financial statements from 2023 to the third quarter of 2025. The company has retrospectively restated its financial reports to ensure accuracy and compliance with accounting standards. This correction does not alter the overall profitability or net asset position of previously disclosed periods.

Announcement on Risk Warning of Potential Delisting Risk Warning for Company Stock Trading

Hubei Nengte Technology Co., Ltd. is issuing a risk warning due to an adverse audit opinion on its internal control for fiscal year 2025. This could lead to a delisting risk warning if the issue persists. The company will be suspended for one day and then subject to an ST risk warning. Management is taking measures to address the situation.

Tongzhixin De (Beijing) Asset Evaluation: Asset Evaluation Report on the Asset Group Related to Nengte Technology Co., Ltd. for Goodwill Impairment Testing for Financial Reporting Purposes [Tongzhixin De Evaluation Report No. (2026) 010116]

Tongzhi Xinde (Beijing) Appraisal: Asset Appraisal Report for Shanghai Wutian Industrial Co., Ltd. Investment Property for Financial Reporting Purposes [Tongzhi Xinde Appraisal Report No. 010142, 2026]

This report details the appraisal of investment property owned by Shanghai Wutian Industrial Co., Ltd., commissioned by Hubei Nengte Technology Co., Ltd. for financial reporting. The appraisal was conducted using the income approach, with a valuation date of December 31, 2025. The property's appraised value is RMB 530.53 million, a decrease of RMB 15.55 million from its book value.

2025 Annual Report of Independent Director (Zha Yanyun)

This report details the independent director's performance in 2025, focusing on attendance at meetings, participation in special committee work, and communication with shareholders. The director fulfilled duties diligently, ensuring compliance and protecting shareholder interests, particularly those of small and medium shareholders. Recommendations for the upcoming year include strengthening communication and continuing to uphold independent director responsibilities.

2025 Annual Independent Director's Performance Report (Xu Qianquan)

This report details the performance of Independent Director Xu Qianquan for Hubei Nengte Technology Co., Ltd. in 2025. It covers attendance at board and shareholder meetings, participation in independent director committee meetings, and contributions to corporate governance. The director affirmed adherence to regulations and exercised duties with diligence and objectivity, supporting the company's healthy development.

2025 Annual Independent Director's Performance Report (Mei Ping)

This report details the performance of Independent Director Mei Ping for 2025. Mei Ping attended all board and shareholder meetings, participated in four independent director committee meetings, and served as chair of the Nomination Committee. The director focused on ensuring fair related-party transactions, reviewing financial reports, and overseeing the appointment of auditors, ultimately protecting shareholder interests.

Notice of 2025 Annual Report Performance Briefing

Hubei Nengte Technology Co., Ltd. will hold an online performance briefing for its 2025 annual report on May 12, 2026. Investors can participate via the P5W.net platform. The company is soliciting questions from investors in advance to enhance the targeted nature of the discussion. Key company executives will attend and answer questions.

2025 Annual Social Responsibility Report

Internal Control Audit Report - Daxin Audit [2026] No. 2-01213

This report details the internal control audit of Hubei Nengte Technology Co., Ltd. for the year ended December 31, 2025. The audit identified material weaknesses in financial reporting internal controls, specifically related to the correction of prior period accounting errors and restatement of financial statements. Consequently, the company has not maintained effective financial reporting internal controls in all material aspects.

Hubei Nengte Technology Co., Ltd. 2025 Internal Control Self-Evaluation Report

This report evaluates the effectiveness of Hubei Nengte Technology Co., Ltd.'s internal controls as of December 31, 2025. The company identified one material weakness in financial reporting internal controls related to revenue recognition. No material weaknesses were found in non-financial reporting internal controls. The company has taken corrective actions and is strengthening its accounting foundation and staff training.

Revised Compensation Management System for Directors and Senior Management

Announcement on the Revision of the "Measures for the Management of Remuneration for Directors and Senior Management"

Hubei Nengte Technology Co., Ltd. is revising its "Measures for the Management of Remuneration for Directors and Senior Management" to align with regulatory requirements and improve corporate governance. The revised system, renamed "System for the Management of Remuneration for Directors and Senior Management," updates content and structure. The revision requires approval from the 2025 annual general meeting.

2025 Annual Goodwill Impairment Test Report

Announcement on Accruing Asset Impairment Provisions

Hubei Nute Technology Co., Ltd. announces its decision to accrue asset impairment provisions totaling RMB 230,551,136.32 for 2025, primarily due to goodwill impairment. This provision is expected to reduce net profit attributable to shareholders by the same amount and will not significantly impact normal operations. The decision has been reviewed and approved by the Audit Committee and the Board of Directors.

Announcement on the Estimated Annual Related Party Transactions (II) for 2026

Hubei Nutech Advanced Materials Co., Ltd. announces its estimated related party transactions for 2026, totaling RMB 31.20 million. These transactions, covering procurement, sales, and leasing, are deemed normal operational activities. The board of directors approved the proposal, with related directors abstaining, and it does not require shareholder approval. The company asserts these transactions are fair, equitable, and will not harm shareholder interests or company independence.

Announcement on Subsidiary Nengte Company Applying for Comprehensive Credit Line from Financial Institution and Company Providing Counter-Guarantee and Connected Transaction

Hubei Nengte Technology Co., Ltd. announces its wholly-owned subsidiary, Nengte Company, will apply for a RMB 500 million credit line from the Export-Import Bank of China, Hubei Branch. The company's controlling shareholder's parent, Chenfa Group, will provide a guarantee, and Nengte Technology will provide a counter-guarantee. This aims to support the subsidiary's operational needs and is deemed beneficial for the company.