Huangshi Group

Announcement on the 2026 Compensation Plan for Directors and Senior Management

Compensation Management System for Directors and Senior Management

Announcement on Estimated Guarantee Limit for 2026

Notice of 2025 Annual Shareholders' Meeting

Announcement of Resolutions from the 14th Meeting of the 7th Board of Directors

Announcement on the Chairman Acting as Secretary of the Board

Announcement on Holding the 2025 Annual Performance Briefing

Royal Group Co., Ltd. will hold its 2025 Annual Performance Briefing on May 14, 2026, from 15:00 to 17:00 via the "Value Online" platform. The briefing aims to facilitate communication between the company and investors, allowing for a deeper understanding of the company's performance and strategies. Investors can submit questions in advance and will receive responses within the scope of information disclosure.

Progress Announcement on External Guarantees

This announcement details the progress of external guarantees made by Huangshi Group Co., Ltd. and its subsidiaries. The company has approved a total guarantee limit of RMB 378,816 million for 2025. The announcement outlines specific guarantee events, including financing leases and loans for subsidiaries, and provides financial data for the guaranteed entities. The total outstanding guarantee balance is RMB 249,290.86 million, representing 513.26% of the company's net assets.

Royal Group Co., Ltd. 2026 First Quarter Report

This report details Royal Group Co., Ltd.'s financial performance for the first quarter of 2026. Key figures show a slight decrease in operating revenue and a significant drop in net profit attributable to shareholders, largely due to changes in non-recurring gains and losses. The company also reported a substantial increase in net cash flow from operating activities.

2025 Annual Independent Director Performance Report (Meng Lizhen, Resigned Due to Term Expiration)

This report details Independent Director Meng Lizhen's performance for the 2025 term. She fulfilled her duties diligently, attending meetings and reviewing proposals. The report confirms her independence and compliance with regulations. Meng Lizhen is resigning due to term expiration and wishes the company continued success.

2025 Annual Report of Independent Director Performance (Liang Gefu, Term Ending)

This report details the performance of Independent Director Liang Gefu during his 2025 term. He fulfilled his duties diligently, attending meetings and participating in discussions, while maintaining independence. The report confirms his compliance with independence requirements and notes his departure at the end of the term.

2025 Annual Report of Independent Director (Chen Liang)

This report details the performance of Independent Director Chen Liang for the year 2025. He actively participated in board and committee meetings, reviewed financial reports, and focused on protecting shareholder interests, especially those of small and medium shareholders. His work adhered to legal regulations and company policies, contributing to the company's sound and regulated operations.

2025 Annual Report of Independent Director (Xu Chunming)

This report details Independent Director Xu Chunming's performance in 2025. He attended all required meetings, diligently reviewed proposals, and upheld shareholder interests. His duties included overseeing financial reporting, internal controls, and executive compensation, ensuring compliance and promoting sound corporate governance.

2025 Annual Report of Independent Director (Zhou Bailing)

This report details Independent Director Zhou Bailing's performance in 2025. Zhou attended all required meetings, actively participated in board and committee discussions, and focused on protecting shareholder interests. The report confirms compliance with independence requirements and outlines future commitments to supporting the company's sustainable development.

2025 Internal Control Audit Report

This report presents the internal control audit for Hoàng Thị Group Co., Ltd. for the year ended December 31, 2025. The audit was conducted by Shenzhen Jiuan CPAs (Special General Partnership) in accordance with relevant standards. The auditors concluded that the company maintained effective internal financial reporting controls in all material respects. The report also includes the business license and qualification certificates of the accounting firm.

2025 Annual Internal Control Evaluation Report

This report evaluates the effectiveness of the internal control system of Huangshi Group Co., Ltd. as of December 31, 2025. The company found no material weaknesses in its financial or non-financial reporting internal controls. The evaluation covered key units, businesses, and high-risk areas, concluding that the company maintained effective internal controls in all material aspects.

Huangshi Group Co., Ltd. Shareholder Return Plan for the Next Three Years (2026-2028)

This plan outlines Huangshi Group's shareholder return strategy for 2026-2028, focusing on stable and sustainable returns. It prioritizes cash dividends, with specific minimum percentages for mature and growth-stage companies, and outlines conditions for cash and stock dividends. The plan emphasizes shareholder communication and outlines procedures for its formulation and adjustment.

Announcement on Changes to Accounting Policies

Huangshi Group Co., Ltd. is changing its accounting policies in accordance with the Ministry of Finance's "Accounting Standards Interpretation No. 19". This change, effective January 1, 2026, is considered reasonable and will not materially impact the company's financial position, operating results, or cash flows, nor will it harm shareholder interests. The change does not require board or shareholder approval.

Announcement on Provision for Asset Impairment Losses for 2025

This announcement details the provision for asset impairment losses by Huangshi Group Co., Ltd. for 2025. The company conducted impairment tests on assets with impairment indicators, resulting in a total provision of RMB 957,897,887.15. This provision will reduce the company's net profit and owner's equity by RMB 300,494,400.00 in 2025.

Resolution Announcement of the 12th Meeting of the 7th Board of Directors

This announcement details the resolutions passed at the 12th meeting of the 7th Board of Directors of Huangshi Group Co., Ltd. Key decisions included approving the 2025 annual report, the Chairman's work report, the President's work report, and the internal control evaluation report. The board also resolved not to distribute dividends for 2025 due to accumulated losses.

Announcement on the 2025 Profit Distribution Plan

This announcement details the 2025 profit distribution plan for Huangshi Group Co., Ltd. Due to net losses in 2025, the company will not distribute cash dividends, issue bonus shares, or convert capital reserves into share capital. The plan aims to support sustainable development and enhance long-term profitability.

Special Verification Report on the Deduction of Operating Income for Huangshi Group Co., Ltd. in 2025

2025 Annual Report on the Performance Evaluation of the Accounting Firm

This report evaluates the performance of Shenzhen Jiu'an Certified Public Accountants (Special General Partnership) in auditing the company's 2025 financial statements and internal controls. The firm was re-appointed after a bidding process and successfully completed the audit, issuing a standard unqualified opinion. The company found the firm to be fair, objective, and professional, completing the work on time.

Report of the Audit Committee on the Performance of Supervisory Duties for the Accountant Firm in 2025

The Audit Committee of Huangshi Group Co., Ltd. reports on its supervision of Shenzhen Jiuan Certified Public Accountants (Special General Partnership) for the 2025 audit. The committee reviewed the firm's qualifications, independence, and audit process, finding it capable of meeting the company's 2025 audit needs. The firm's audit revenue was RMB 49.85 million, with RMB 22.03 million from securities business.

Special Explanation on the Company's Non-operating Fund Occupation and Other Related Party Fund Transactions in 2025

This report details the non-operating fund occupation and other related party fund transactions of Huangshi Group Co., Ltd. for the year 2025. It confirms that the company's management is responsible for the accuracy of the provided summary table. The auditors have cross-checked the table with audited financial statements and found no material inconsistencies. The report is intended for the company's annual report disclosure.

Summary Table of Non-Operating Fund Occupation and Other Related Party Fund Transactions for the Year 2025

This table summarizes non-operating fund occupation and other related party fund transactions for the year 2025. It details fund occupation by controlling shareholders, former controlling shareholders, and other related parties. Key figures include initial and ending balances, amounts occupied, interest, and repayment amounts, with a total of RMB 6,869.48 thousand in other related party fund transactions.

Special Report on the Self-Inspection of Independent Directors' Independence by the Board of Directors of Huangshi Group Co., Ltd.

The Board of Directors of Huangshi Group Co., Ltd. has conducted a special report on the independence of its independent directors. The report confirms that the independent directors meet the requirements of relevant regulations and have no conflicts of interest or other relationships that could hinder their independent judgment.

2025 Annual Audit Report

2025 Annual Report

Royal Group Co., Ltd. 2025 Annual Report Summary

This report summarizes Royal Group's 2025 performance, highlighting a revenue of 1.77 billion yuan despite a net loss of 448.5 million yuan attributable to listed company shareholders. The company is focusing on high-quality development in the water buffalo milk sector, addressing industry challenges, and optimizing its business structure. Key initiatives include advancing the water buffalo breeding program and expanding smart manufacturing facilities.

Notice on the Agreement Transfer of Some Shares by the Controlling Shareholder and Changes in Equity

Simplified Report on Equity Changes (Huang Jiadi)

Simplified Report on Equity Changes (Beijing Shengxiang Investment Co., Ltd.)

Revised Announcement of 2025 Performance Forecast

This announcement revises the 2025 performance forecast for Huangshi Group Co., Ltd. due to a re-evaluation of long-term equity investment impairment. The company now expects a net profit attributable to shareholders of RMB -280 million to -420 million, a wider loss than previously forecast. This revision is based on a third-party assessment of the recoverable amount of an investment in Tai'an Shuzhi City Operations Co., Ltd.

Announcement on the Resignation of the Company's Secretary of the Board of Directors

This announcement concerns the resignation of Mr. Luo Bo as the Secretary of the Board of Directors of Huangshi Group Co., Ltd. due to personal family reasons. His resignation is effective immediately. The company expresses gratitude for his contributions and will promptly appoint a new secretary, with Director Huang Junxiang serving as interim secretary.

Announcement on Progress of External Guarantees

This announcement details the progress of external guarantees made by Huangshi Group Co., Ltd. and its subsidiaries. The company has approved a total guarantee limit of RMB 378,816.00 million for 2025. The announcement outlines specific guarantee agreements entered into with various banks to support subsidiaries' operational needs, with the total outstanding guarantee balance reported at RMB 246,170.86 million.