Shuangxiang Co., Ltd.

Announcement on Abnormal Fluctuations in Stock Trading

Grandall Law Firm (Shanghai) Legal Opinion on Wuxi Shuangxiang Advanced Fiber Materials Co., Ltd.'s 2025 Annual General Meeting

This legal opinion from Grandall Law Firm (Shanghai) reviews the 2025 Annual General Meeting of Wuxi Shuangxiang Advanced Fiber Materials Co., Ltd. It confirms the meeting's convocation, procedures, attendee qualifications, and voting process complied with relevant laws and the company's articles of association. All resolutions passed were deemed legal and valid.

Announcement of the 2025 Annual Shareholders' Meeting Resolutions

Announcement of the Resolutions of the Third Meeting of the Eighth Board of Directors

2026 Q1 Report

Announcement on Re-appointing the Company's 2026 Audit Firm

Wuxi Shuangxiang Advanced Materials Co., Ltd. announces its intention to re-appoint Zhongxinghua Certified Public Accountants (Special General Partnership) as its 2026 audit firm. The decision was approved by the Board of Directors and will be submitted to the shareholders' meeting for approval. The firm has extensive experience and a good track record in auditing listed companies.

Management System for Remuneration of Directors and Senior Management

This document outlines the remuneration management system for directors and senior management of Wuxi Shuangxiang Ultra-fine Fiber Materials Co., Ltd. It establishes principles for determining compensation, including fairness, accountability, long-term development, and performance linkage. The system aims to incentivize performance, ensure compliance, and align executive pay with company strategy and economic conditions.

Three-Year (2026-2028) Shareholder Return Plan

This plan establishes Wuxi Shuangxiang Advanced Materials Co., Ltd.'s shareholder return mechanism for 2026-2028. It prioritizes cash dividends, aiming for at least 10% of distributable profits annually, with a cumulative 30% over three years. The plan outlines conditions for cash and stock dividends, emphasizing transparency and investor rights while balancing development needs.

Announcement on Holding the 2025 Annual Report Online Briefing

Wuxi Shuangxiang Advanced Materials Co., Ltd. will hold an online briefing for its 2025 annual report on April 23, 2026. Investors can participate via the "Quan Jing · Roadshow World" platform. The company is soliciting questions in advance to address investor concerns during the session.

Shuangxiang股份 Internal Control Audit Report (Zhongxinghua Internal Control Audit No. 590003, 2026)

This report presents the internal control audit for Shuangxiang股份 for the year ending December 31, 2025. Zhongxinghua Certified Public Accountants LLP concludes that Shuangxiang股份 maintained effective financial reporting internal controls in all material respects. The report outlines the responsibilities of the company and the auditors, and acknowledges the inherent limitations of internal controls.

Wuxi Shuangxiang Advanced Materials Co., Ltd. 2025 Internal Control Evaluation Report

This report details Wuxi Shuangxiang Advanced Materials Co., Ltd.'s internal control evaluation for 2025. The company found no material weaknesses in financial or non-financial reporting internal controls as of December 31, 2025. The evaluation confirms the company maintained effective financial reporting internal controls in all material aspects. No factors have emerged since the report date to affect the conclusion.

Announcement on Changes to Accounting Policies

Wuxi Shuangxiang Ultra-Fiber Materials Co., Ltd. announces a change in accounting policies effective January 1, 2026, in accordance with the Ministry of Finance's "Accounting Standards Interpretation No. 19." This change is a reasonable adjustment that will more objectively reflect the company's financial status and operating results without impacting previously disclosed financial statements or causing significant effects on financial status, operating results, or cash flows. The change was approved by the Board of Directors and the Audit Committee.

Announcement on Estimated Daily Related Transactions for 2026

Announcement on Related Party Entrusting Company's Wholly-Owned Subsidiary to Dispose of Hazardous Waste

Wuxi Shuangxiang Advanced Materials Co., Ltd. announces a related party transaction where Chongqing Yixiang Chemical and Chongqing Shuangxiang Electronic Materials will entrust the company's wholly-owned subsidiary, Chongqing Shuangxiang Advanced Materials, to dispose of hazardous waste. The total disposal fees are capped at RMB 11 million for Chongqing Yixiang and RMB 70,000 for Chongqing Electronic. This transaction is not considered a major asset restructuring.

Notice of the 2025 Annual General Meeting of Wuxi Shuangxiang Advanced Materials Co., Ltd.

Wuxi Shuangxiang Advanced Materials Co., Ltd. announces its 2025 Annual General Meeting to be held on May 8, 2026. The meeting will discuss 11 proposals, including the 2025 annual report, financial statements, profit distribution, and future investment plans. Shareholders can attend in person or vote online.

Announcement of Resolutions from the Second Meeting of the Eighth Board of Directors

Announcement on the Proposed Profit Distribution for 2025

Wuxi Shuangxiang Ultra-fiber Materials Co., Ltd. announces its 2025 profit distribution plan. The company proposes a cash dividend of RMB 2 per 10 shares, totaling RMB 53,641,800. This distribution represents 26.55% of the net profit attributable to shareholders. The plan aims to balance business expansion needs with shareholder returns.

Wuxi Shuangxiang Advanced Materials Co., Ltd. Assessment Report on the Performance of the Accounting Firm

This report assesses the performance of Zhongxinghua Certified Public Accountants (Special General Partnership) in auditing Shuangxiang Advanced Materials Co., Ltd. for 2025. The firm followed auditing standards, communicated with management, and issued an unqualified opinion on the financial statements and internal controls. The company concluded that Zhongxinghua fulfilled its duties diligently and issued a true, accurate, and timely report.

Report of the Audit Committee of the Board of Directors of Shuangxiang Co., Ltd. on the Supervision Responsibilities of the Accounting Firm

Special Statement on Fund Occupation by Shuangxiang Shares' Controlling Shareholder and Other Related Parties (Zhongxinghua Report No. 590008, 2026)

This report details fund occupation and related party transactions for Shuangxiang Shares in 2025. The audit confirmed the company's financial statements and reviewed the provided summary table. No material inconsistencies were found between the audited financial statements and the summary table of fund occupation and related party transactions. The statement is solely for disclosure purposes.

Summary Table of Non-operating Fund Occupation and Other Related Fund Transactions of Shuangxiang Co., Ltd.

Wuxi Shuangxiang Advanced Materials Board of Directors' Special Opinion on Independent Director Independence Assessment

The Board of Directors of Wuxi Shuangxiang Advanced Materials Co., Ltd. assessed the independence of its current independent directors. The assessment confirmed that the directors hold no other positions within the company or its major shareholders, have no conflicts of interest, and meet the independence requirements stipulated by relevant regulations. This ensures their ability to make objective judgments.

Wuxi Shuangxiang Advanced Materials Co., Ltd. 2025 Independent Director Performance Report (Jin Xiangyu)

This report details the performance of Independent Director Jin Xiangyu for Wuxi Shuangxiang Advanced Materials Co., Ltd. in 2025. He actively participated in board meetings, reviewed proposals, and fulfilled his duties to protect shareholder interests. Key activities included attending all board and committee meetings, communicating with management and auditors, and focusing on related-party transactions and financial reporting.

Shuangxiang Co., Ltd. 2025 Annual Report of Independent Director (Cai Guiru)

Wuxi Double Elephant Ultra-fine Material Co., Ltd. 2025 Annual Independent Director Performance Report (Li Wenli)

This report details Independent Director Li Wenli's performance for 2025. She attended all required meetings, actively participated in discussions, and fulfilled her duties to protect shareholder interests, especially those of minority shareholders. She focused on financial management, reporting, internal controls, and executive compensation.

Wuxi Shuangxiang Advanced Materials Co., Ltd. 2025 Independent Director Performance Report (Yu Chongwen)

This report details Independent Director Yu Chongwen's performance for Wuxi Shuangxiang Advanced Materials Co., Ltd. in 2025. He diligently fulfilled his duties, attended meetings, reviewed proposals, and maintained communication with management and shareholders, focusing on financial management, reporting, internal controls, and executive compensation to protect shareholder interests.

Shuangxiang Co., Ltd. 2025 Annual Report of Independent Director (Zhang Rongxian)

Wuxi Shuangxiang Advanced Materials Co., Ltd. 2025 Annual Independent Director Report (Li Yuxiang)

This report details the performance of Independent Director Li Yuxiang for Wuxi Shuangxiang Advanced Materials Co., Ltd. in 2025. He attended all board and shareholder meetings, actively participated in discussions, and fulfilled his duties diligently. The report highlights his focus on protecting shareholder interests, particularly those of small and medium shareholders, and ensuring the company's compliance and sound operation.

2025 Annual Audit Report

This audit report presents the findings of the audit of Wuxi Shuangxiang Advanced Materials Co., Ltd.'s 2025 consolidated and parent company financial statements. The auditors, Zhongxinghua Certified Public Accountants LLP, conclude that the financial statements are prepared in accordance with accounting standards and fairly present the company's financial position and results. Key audit matters included revenue recognition and inventory valuation.

2025 Annual Report

Summary of 2025 Annual Report