Guochuang High-tech Co., Ltd.

Repurchase report

Legal Opinion on the 2025 Annual General Meeting of Hubei Guochuang High-Tech Materials Co., Ltd.

This legal opinion confirms the legality and validity of the 2025 Annual General Meeting of Hubei Guochuang High-Tech Materials Co., Ltd. It covers the meeting's convocation, procedures, attendee qualifications, and voting results. All resolutions, including the 2025 work reports and financial statements, were passed legally and validly.

Resolution Announcement of the 2025 Annual General Meeting

This announcement details the resolutions passed at the 2025 Annual General Meeting of Hubei Guochuang High-tech Materials Co., Ltd. Key decisions included approving the 2025 Board of Directors' Work Report, the 2025 Annual Report, the 2025 Profit Distribution Plan, and the appointment of the 2026 accounting firm. All resolutions were passed with overwhelming majority support.

Announcement on Obtaining a Commitment Letter for a Financial Institution's Stock Repurchase Special Loan

Hubei Guochuang High-Tech Materials Co., Ltd. announced its receipt of a commitment letter from China CITIC Bank Wuhan Branch for a special loan to repurchase its shares. The loan facility is up to RMB 10 million, with a term of 3 years, and will be used for the company's A-share repurchase plan. This loan is part of the funding for the repurchase, which aims to acquire shares for employee incentives.

Announcement on Controlling Shareholder's Loan Commitment Letter for Share Increase

Hubei Guochuang High-tech Materials Co., Ltd. announces its controlling shareholder, Keyuan Holding Group Co., Ltd., has obtained a loan commitment letter from China Minsheng Bank for RMB 120 million to fund its share increase plan. The plan aims to increase holdings by RMB 60-120 million. The loan is for two years, with the commitment valid for 12 months.

Announcement on the Shareholding of Top Ten Shareholders and Top Ten Unrestricted Shareholders Regarding Share Repurchase

Hubei Guochuang New Materials Co., Ltd. announces the top ten shareholders and top ten unrestricted shareholders as of April 28, 2026, the trading day before the board meeting approving the share repurchase plan. The announcement details their shareholdings and proportions, fulfilling regulatory requirements for share repurchases.

Announcement on Accepting Financial Assistance from Controlling Shareholder and Related Party Transaction

Hubei Guochuang High-New Material Co., Ltd. will accept financial assistance of up to RMB 25 million from its controlling shareholder, Keyuan Holding Group Co., Ltd. The assistance has a term of up to 12 months, with an interest rate not exceeding the LPR. This transaction is considered a related party transaction and does not require shareholder approval or constitute a major asset restructuring.

Resolution Announcement of the 25th Meeting of the 7th Board of Directors

Hubei Guochuang High-tech Materials Co., Ltd. held its 25th Board of Directors meeting. The board approved the Q1 2026 report, accepted financial assistance from the controlling shareholder, and approved a share repurchase plan. The meeting was legally convened and valid.

2026 First Quarter Report

Announcement on the Company's Share Repurchase Plan

Hubei Guochuang High-Tech Materials Co., Ltd. announces a share repurchase plan to be executed via the Shenzhen Stock Exchange. The company intends to repurchase A-shares for employee stock options or equity incentives, with a total repurchase amount between RMB 5 million and RMB 10 million, and a maximum price of RMB 5.04 per share. The repurchase period is 12 months from the board's approval.

Announcement on Holding the 2025 Online Performance Briefing

Hubei Guochuang High-tech Materials Co., Ltd. will hold an online performance briefing for its 2025 annual report on May 8, 2026. The event aims to facilitate investors' understanding of the company's performance and will be held on the Shenzhen Stock Exchange's "Interactive Easy" platform. Investors are invited to submit questions in advance through the platform's "Cloud Interview" section.

Announcement on the Progress of External Guarantees

Announcement on Controlling Shareholder's Share Increase Plan

Hubei Guochuang High-tech Materials Co., Ltd. announced its controlling shareholder, Keyuan Holdings Group Co., Ltd., plans to increase its stake by 60-120 million RMB within 6 months. The increase aims to boost investor confidence, reflecting confidence in the company's future prospects and value. The plan will be executed via open market transactions, with funds from Keyuan Holdings' own capital.

Announcement on the Proposed Re-appointment of the 2026 Fiscal Year Auditor

Hubei Guochuang High-tech Materials Co., Ltd. announces its proposed re-appointment of Beijing Dehao International Certified Public Accountants (Special General Partnership) as its auditor for the 2026 fiscal year. This decision was approved by the Board of Directors and will be submitted to the shareholders' meeting for approval. The company has reviewed the auditor's independence, qualifications, and integrity.

2025 Annual Board of Directors Work Report

This report details the 2025 work of Hubei Guochuang High-tech Materials Co., Ltd.'s Board of Directors. The company achieved a turnaround, with revenue increasing by 156.71% and net profit turning positive. Key strategies included strategic acquisitions, cost reduction, and accounts receivable recovery. The board focused on governance, risk prevention, and investor relations.

Announcement on the 2026 Senior Management Remuneration Plan

Hubei Guochuang High-tech Materials Co., Ltd. announces its 2026 Senior Management Remuneration Plan. The plan confirms 2025 remuneration and outlines the 2026 structure, which includes basic and performance-based pay, with performance pay comprising at least 50%. It applies to senior management receiving remuneration from the company for the period January 1 to December 31, 2026.

Announcement on the 2026 Director Remuneration Plan

Hubei Guochuang High-Tech Materials Co., Ltd. announces its 2025 director remuneration confirmation and 2026 remuneration plan. Non-independent directors in management roles will receive remuneration based on company policy and performance. Independent directors will receive a fixed annual allowance. The plan requires shareholder approval.

2025 Annual Report of Independent Director (Li Rui)

This report details the performance of Independent Director Li Rui for 2025. Li Rui attended all required meetings, actively participated in deliberations, and provided professional advice to ensure compliance and protect shareholder interests. The report confirms Li Rui's independence and adherence to regulations, highlighting contributions to corporate governance and decision-making.

2025 Annual Report of Independent Director (Mei Zuwei)

This report details the performance of Independent Director Mei Zuwei for 2025. He attended all board and shareholder meetings, actively participated in deliberations, and exercised independent judgment. The report confirms his compliance with independence requirements and outlines his focus on related-party transactions, financial reporting, and executive compensation, ensuring the protection of shareholder interests.

2025 Annual Report of Independent Director (Qiu Jianping)

This report details the performance of Independent Director Qiu Jianping for 2025. She attended all board and shareholder meetings, actively participated in committee work, and exercised her independent director duties diligently. Her actions focused on ensuring compliance, protecting shareholder interests, and promoting sound corporate governance.

Internal Control Audit Report

This report presents the internal control audit for Hubei Guochuang High-Tech Materials Co., Ltd. as of December 31, 2025. The audit was conducted by Beijing Dehao International Certified Public Accountants. The report concludes that the company maintained effective financial reporting internal controls in all material respects, adhering to relevant standards.

2025 Internal Control Evaluation Report

This report details the internal control effectiveness evaluation for Hubei Guochuang High-Tech Materials Co., Ltd. for the year 2025. The evaluation covered financial and non-financial reporting controls. The company concluded that there were no material weaknesses in its financial reporting internal controls and no material or significant weaknesses in its non-financial reporting internal controls as of December 31, 2025.

Temporary Suspension and Exemption Management System for Information Disclosure

Compensation Management System for Directors and Senior Management

This document outlines the compensation management system for directors and senior management of Hubei Guochuang High-tech Materials Co., Ltd. It details the principles, organizational structure, compensation schemes, adjustments, and payment/recovery mechanisms. The system aims to incentivize performance, align with company strategy, and ensure compliance with regulations.

Articles of Association for the Board Secretary

This document outlines the responsibilities, qualifications, and appointment/dismissal procedures for the Board Secretary of Hubei Guochuang High-Tech Materials Co., Ltd. It details their role in corporate governance, information disclosure, and investor relations, emphasizing compliance with relevant laws and regulations. The rules ensure the Board Secretary acts in the company's best interest and maintains smooth communication with the Shenzhen Stock Exchange.

Announcement on Accounting Policy Change

Hubei Guochuang High-tech Materials Co., Ltd. announces a change in accounting policy effective January 1, 2026, in accordance with new regulations from the Ministry of Finance. This change, driven by "Enterprise Accounting Standards Interpretation No. 19," does not require shareholder approval and is not expected to materially impact the company's financial position, operating results, or cash flows, nor will it harm shareholder interests.

Announcement on Provision for Asset Impairment and Reversal of Credit Impairment

Announcement on Unrecognized Losses Reaching One-Third of Paid-in Capital

Hubei Guochuang High-Tech Materials Co., Ltd. announces that its unrecognized losses have exceeded one-third of its paid-in capital as of December 31, 2025. The company reported a net profit of 19.75 million yuan for 2025, but prior year losses resulted in accumulated unrecognized losses of 417.18 million yuan. The company plans to optimize its business structure, enhance customer relationships, strictly control product quality, and revitalize existing assets to address the situation.

Audit Report on the Achievement of Performance Commitment in Asset Restructuring

Explanation of the Performance Commitment Achievement for the Acquisition of Ningbo Guopei Petrochemical Co., Ltd.

This announcement explains the achievement of the performance commitment for Ningbo Guopei Petrochemical Co., Ltd. (Guopei Petrochemical) following its acquisition by Hubei Guochuang High-Tech Materials Co., Ltd. Guopei Petrochemical achieved a net profit attributable to the parent company's shareholders, excluding non-recurring items, of RMB 20,423,818.80 in 2025, exceeding the promised amount.

Feasibility Analysis Report on Commodity Futures Hedging Business