Lianfa Co., Ltd.

Announcement on the Implementation of the 2025 Annual Equity Distribution

Legal Opinion of JURISINO LAW GROUP on Jiangsu Lianfa Textile Co., Ltd.'s 2025 Annual General Meeting

This legal opinion confirms that the convening, procedures, attendee qualifications, and voting results of Jiangsu Lianfa Textile Co., Ltd.'s 2025 Annual General Meeting complied with relevant laws and regulations. All resolutions passed, including the 2025 Board of Directors' work report and financial reports, were legally valid. The meeting was properly conducted with appropriate notice and participation.

Jiangsu United Fiber Textile Co., Ltd. 2025 Annual General Meeting Resolution Announcement

This announcement details the resolutions passed at Jiangsu United Fiber Textile Co., Ltd.'s 2025 Annual General Meeting. The meeting was held on May 14, 2026, with both in-person and online participation. All 12 proposals, including the 2025 Work Report and financial statements, were approved by a significant majority of shareholders.

Announcement on the Progress of Joint External Investment and Related Transactions with Related Parties

Announcement on Re-appointing the 2026 Audit Institution

Jiangsu Lianfa Textile Co., Ltd. announces its intention to re-appoint Rongcheng Certified Public Accountants (Special General Partnership) as its 2026 audit institution. The decision was approved by the Board of Directors and will be submitted to the 2025 Shareholders' Meeting for approval. The announcement details the qualifications and integrity of the proposed audit firm.

Jiangsu Lianfa Textile Co., Ltd. 2025 Financial Report

Jiangsu Lianfa Textile Co., Ltd. presents its 2025 financial report, audited by Rongcheng Certified Public Accountants. The company reported 4.019 billion yuan in operating revenue, a 3.83% decrease, and 305 million yuan in net profit, a 48.59% increase. Significant changes were observed in asset and liability accounts, including increases in monetary funds and contract liabilities, and decreases in construction in progress and lease liabilities, primarily due to business activities and asset disposals.

2025 Board of Directors Work Report

Three-Year (2026-2028) Shareholder Return Plan

Jiangsu Lianfa Textile Co., Ltd. outlines its three-year shareholder return plan (2026-2028) to improve its profit distribution policy, enhance transparency, and reward shareholders. The plan prioritizes cash dividends, considering the company's long-term development, profitability, and cash flow. It establishes principles for dividend distribution, including a minimum 20% payout of distributable profits for cash dividends, and outlines the decision-making mechanism for the plan.

Independent Director Annual Work Report (Gao Weidong, Term Expired)

Jiangsu United Textile Co., Ltd. 2025 Annual Independent Director Performance Report (Zhao Shuming Term Expiring)

This report details Independent Director Zhao Shuming's performance in 2025. He attended all board and shareholder meetings, actively participated in committee work, and exercised independent judgment on company matters. He fulfilled his duties diligently, ensuring compliance and protecting shareholder interests, particularly those of small and medium shareholders, before his term concluded.

Jiangsu Lianfa Textile Co., Ltd. 2025 Annual Independent Director Performance Report (Shen Chang'e Term Expiring)

This report details Independent Director Shen Chang'e's performance in 2025. She attended all required meetings, fulfilled her duties diligently, and exercised independent judgment. The report confirms her compliance with independence requirements and her role in overseeing financial reporting and auditor appointments. Shen Chang'e is stepping down as her six-year term has concluded.

Jiangsu Lianfa Textile Co., Ltd. 2025 Annual Independent Director Performance Report (Yu Chongwen)

This report details Independent Director Yu Chongwen's performance for Jiangsu Lianfa Textile Co., Ltd. in 2025. He attended all required meetings, actively participated in committee work, and fulfilled his duties diligently. The report confirms his independence and compliance with regulations, highlighting his contributions to corporate governance and shareholder protection.

Independent Director Annual Work Report (Chen Lihua)

Independent Director Annual Work Report (Mao Zhiping)

Announcement on Holding the 2025 Annual Report Performance Briefing

Jiangsu Lianfa Textile Co., Ltd. will hold an online performance briefing for its 2025 annual report on April 28, 2026, from 15:00 to 17:00. The briefing aims to help investors better understand the company's operations. Key personnel, including the Chairman and CFO, will attend. Investors can submit questions in advance.

2025 Social Responsibility Report

Internal Control Audit Report

This report presents the internal control audit for Jiangsu Lianfa Textile Co., Ltd. for the year ended December 31, 2025. RSM Certified Public Accountants (Special General Partnership) audited the effectiveness of the company's financial reporting internal controls. The audit concluded that, in all material respects, the company maintained effective financial reporting internal controls in accordance with the relevant regulations.

Jiangsu Lianfa Textile Co., Ltd. 2025 Self-Evaluation Report on Internal Control

This report evaluates the effectiveness of Jiangsu Lianfa Textile Co., Ltd.'s internal control system as of December 31, 2025. The company found no material weaknesses in financial or non-financial reporting internal controls. The evaluation confirms the company's compliance with internal control standards and its commitment to effective governance and operational efficiency.

Compensation System for Directors and Senior Management (April 2026)

This document outlines the compensation system for directors and senior management of Jiangsu Lianfa Textile Co., Ltd. It establishes principles for determining compensation based on responsibilities, market competitiveness, and company performance. The system details the roles of the Compensation and Assessment Committee and the Human Resources and Finance departments in implementing the compensation plan, with provisions for adjustments and recovery of overpaid amounts.

Announcement on the Amendment to the Articles of Association

Jiangsu Lianfa Textile Co., Ltd. announces a proposed amendment to its Articles of Association, driven by legal requirements and company circumstances. The amendment involves changes to company registration details and the composition of the board of directors, including the roles of independent directors and the establishment of special committees. The proposal requires shareholder approval via special resolution.

Announcement on Revising the Company's Governance System

Jiangsu Lintai Textile Co., Ltd. 2026 Board of Directors Compensation Plan

This plan outlines the compensation for the Board of Directors of Jiangsu Lintai Textile Co., Ltd. for 2026. It details compensation standards for independent and non-independent directors, including base salary, performance bonuses, and other incentives. The plan aims to improve the company's incentive and restraint mechanisms and promote sustainable development.

2026 Senior Management Remuneration Plan

Jiangsu Lianfa Textile Co., Ltd. has formulated its 2026 Senior Management Remuneration Plan to improve its incentive and restraint mechanisms and promote sustainable development. The plan applies to senior management from January 1 to December 31, 2026. Remuneration comprises basic salary, performance-based pay, and other incentives, with performance-based pay accounting for at least 50% of the total.

Articles of Association (April 2026)

This document outlines the Articles of Association for Jiangsu Lianfa Textile Co., Ltd., revised in April 2026. It details the company's structure, governance, shareholder rights, and operational procedures. Key areas covered include the board of directors, shareholder meetings, and financial reporting, ensuring compliance with relevant laws and regulations.

Announcement on the Appointment of Senior Management Personnel

Jiangsu Lianfa Textile Co., Ltd. announced the appointment of Liu Guigen as Deputy General Manager. The decision was made at the 7th Board of Directors meeting on April 22, 2026, following a proposal by the General Manager and approval by the Nomination Committee. His term will last until the end of the current Board of Directors.

Feasibility Analysis Report on Developing Foreign Exchange Hedging Business

Jiangsu Fafang Textile Co., Ltd. proposes to conduct foreign exchange hedging to mitigate risks from currency fluctuations impacting its import and export operations. The company plans to use derivatives like forwards and options, with a limit of USD 50 million or equivalent. This initiative aims to stabilize earnings and enhance financial resilience by managing exchange rate volatility, not for speculative profit.

Feasibility Analysis Report on Carrying Out Commodity Futures and Options Hedging Business

Jiangsu Guofa Textile Co., Ltd. proposes to conduct commodity futures and options hedging business using its own funds, with a maximum investment of RMB 50 million. The purpose is to hedge against raw material price fluctuations, control operating risks, and ensure stable and sustainable business performance. The company has established a sound management system and risk control measures, and believes the business is feasible and beneficial.

Announcement on Carrying Out Commodity Futures and Options Hedging Business

Jiangsu Lianfa Textile Co., Ltd. announced its plan to conduct commodity futures and options hedging business, primarily for cotton futures and options, with an investment of no more than RMB 50 million. The purpose is to mitigate the impact of raw material price fluctuations on production and sales, control operational risks, and utilize the hedging function of futures and options. The business will be conducted with the company's own funds and is subject to shareholder approval.

Announcement on Carrying Out Foreign Exchange Hedging Business

Jiangsu Lianfa Textile Co., Ltd. announced its plan to conduct foreign exchange hedging business to mitigate foreign exchange risks and reduce settlement costs. The business will involve up to USD 50 million or equivalent, with funds being rolled over. The proposal requires shareholder approval and will be managed by the company's financial department. The company aims to prevent adverse impacts from exchange rate fluctuations on its operations.

Announcement on Providing Guarantees for Subsidiaries

Jiangsu Lianfa Textile Co., Ltd. proposes to provide guarantees totaling RMB 1.5 billion for its subsidiaries to meet their operational and project financing needs. The guarantees will be provided to financial institutions for various financing businesses. The proposal requires shareholder approval and aims to optimize the company's guarantee resources and support subsidiary development. The company and its subsidiaries have no overdue or litigated external guarantees.