Kangsheng Co., Ltd.

Announcement on Participation in the 2026 Online Collective Reception Day for Investors of Listed Companies in Zhejiang and the 2025 Annual Performance Presentation

Zhejiang KangSheng Co., Ltd. Three-Year (2026-2028) Shareholder Return Plan

This plan outlines Zhejiang KangSheng's strategy for shareholder returns from 2026-2028. It aims to establish a scientific, sustainable, and transparent dividend mechanism, ensuring stable returns for investors while supporting the company's long-term development. The plan details dividend distribution forms, conditions, and proportions, emphasizing cash dividends and outlining decision-making processes and adjustment mechanisms.

Announcement on the 2025 and 2026 Remuneration Plans for Directors and Senior Management

Zhejiang KangSheng Co., Ltd. announces its 2025 and 2026 remuneration plans for directors and senior management. The plans were approved by the Remuneration and Assessment Committee and the Board of Directors. The 2025 remuneration is detailed in the annual report, while the 2026 plan outlines basic and performance-based components for non-independent directors and senior management, and annual allowances for independent directors.

Independent Director's Work Report for the Year 2025 (Zhang Min)

2025 Annual Report of Independent Director (Liu Guoqing)

This report details Liu Guoqing's performance as an independent director of Zhejiang Kang Sheng Co., Ltd. in 2025. He actively participated in board and committee meetings, reviewed proposals, and exercised independent judgment. His duties included overseeing financial reporting, related-party transactions, and executive appointments, ensuring compliance and protecting shareholder interests.

Zhejiang Kangsheng Co., Ltd. 2025 Independent Director Performance Report (Yu Bo)

This report details the performance of Independent Director Yu Bo for Zhejiang Kangsheng Co., Ltd. in 2025. Yu Bo actively participated in board and committee meetings, reviewed proposals, and exercised voting rights to safeguard shareholder interests. The report confirms Yu Bo's independence and compliance with regulations, highlighting contributions to corporate governance and risk prevention.

2025 Annual Report of Independent Director (Yu Liangyao)

This report details the performance of Independent Director Yu Liangyao for Zhejiang Kang Sheng Co., Ltd. in 2025. He actively participated in board and committee meetings, reviewed proposals, and exercised his voting rights to safeguard shareholder interests. The report confirms his independence and compliance with regulations, highlighting his contributions to corporate governance and decision-making.

Zhejiang Kangsheng Co., Ltd. 2025 Annual Independent Director Performance Report (Li Jun)

This report details Li Jun's performance as an independent director for Zhejiang Kangsheng Co., Ltd. during 2025. He actively participated in board and committee meetings, reviewed proposals, and exercised independent judgment to safeguard shareholder interests. The report confirms his independence and compliance with all regulatory requirements.

2025 Annual Report of Independent Director (Yao Yilin)

This report details the performance of Independent Director Yao Yilin for 2025. It covers attendance at board and committee meetings, voting records, and key areas of focus including related-party transactions, financial reporting, and auditor engagement. The director confirms compliance with independence requirements and commitment to protecting shareholder interests.

Internal Control Audit Report for the Year 2025

Internal Control Evaluation Report for Zhejiang Kangsheng Co., Ltd. for the Year 2025

Compensation Management System for Directors and Senior Management

This document outlines the compensation management system for directors and senior management of Zhejiang Kang Sheng Co., Ltd. It establishes principles for fair and performance-based compensation, defines the roles of the board and its compensation committee, and details the components of compensation, including basic salary, performance bonuses, and long-term incentives. The system aims to align compensation with company performance and long-term development.

Announcement on Changes to Accounting Policies

Zhejiang Kangsheng Co., Ltd. announces a change in accounting policies in accordance with the Ministry of Finance's "Interpretation No. 19 of the Enterprise Accounting Standards." This change, effective January 1, 2026, clarifies accounting treatments for specific financial transactions. The company states this adjustment will not materially impact its financial position, operating results, or cash flows and is in compliance with regulations.

Announcement on the Provision for Asset Impairment for the Year 2025

Announcement on House Leasing and Related Party Transactions

Zhejiang Kangsheng Co., Ltd. announces a related party transaction involving house leasing. The company and its subsidiaries will lease production facilities and dormitories from Zhongzhi Automobile Zhejiang Co., Ltd. The total annual rent is RMB 709.13 million. This transaction is deemed necessary for business operations and does not harm the company's interests.

Announcement on the Company and Its Subsidiaries Carrying Out Accounts Receivable Factoring Business

Zhejiang Kangsheng Co., Ltd. announces its board of directors approved a factoring business plan. The company and its subsidiaries can transfer accounts receivable to qualified institutions for financing, with a total financing limit of RMB 500 million. This aims to shorten accounts receivable recovery time, improve capital turnover efficiency, and optimize the company's financial structure. The plan requires shareholder approval.

Announcement on Purchasing Directors' and Senior Management Liability Insurance

Zhejiang Kangsheng Co., Ltd. announced its plan to purchase Directors' and Senior Management Liability Insurance. The insurance aims to cover the company, its directors, senior management, and relevant personnel. The proposed coverage limit is RMB 30 million, with an annual premium not exceeding RMB 0.5 million. This resolution requires shareholder approval at the 2025 Annual General Meeting.

Announcement on the Estimated Guarantee Limit for the Company in 2026

Notice of Convening the 2025 Annual General Meeting of Shareholders

Zhejiang Kang Sheng Co., Ltd. announces the convening of its 2025 Annual General Meeting of Shareholders on May 26, 2026. The meeting will discuss 9 proposals, including the 2025 Annual Work Report and Profit Distribution Proposal. Shareholders can vote in person or via online systems. The deadline for registration is May 25, 2026.

Resolution Announcement of the Fifth Meeting of the Seventh Board of Directors

This announcement details the resolutions passed at the fifth meeting of the seventh Board of Directors of Zhejiang Kang Sheng Co., Ltd. Key decisions included approving the 2025 work reports for the General Manager and the Board, the 2025 financial statements, and the 2025 annual report. The board also approved the 2025 profit distribution plan and other proposals related to internal controls, executive compensation, and future business activities.

Announcement on Proposed Non-Distribution of Profits for 2025

Zhejiang Kangsheng Co., Ltd. announces its 2025 profit distribution proposal: no cash dividends, no bonus shares, and no capital reserve transfer to share capital. This decision is based on the company's operating environment, future development strategy, and the need to maintain financial health, particularly given a negative accumulated undistributed profit on the consolidated statement. The proposal requires shareholder approval.

2026 First Quarterly Report

Zhejiang Kangsheng Co., Ltd. presents its 2026 first quarterly report. The company reported operating revenue of 622.9 million yuan, a 12.53% decrease year-on-year. Net profit attributable to shareholders was 4.83 million yuan, down 61.47%. The report also details non-recurring items, including government subsidies and other non-operating income and expenses.

Evaluation Report on the Performance of the Accounting Firm

Report on the Audit Committee's Supervision of the Accounting Firm

This report details the Audit Committee's supervision of the accounting firm, Lixin Zhonglian, for the 2025 fiscal year. The committee reviewed the firm's qualifications, independence, and performance, finding them satisfactory. Lixin Zhonglian issued standard unqualified opinions on the company's financial statements and internal controls, fulfilling its duties effectively.

Special Audit Report on the Fund Occupation by Controlling Shareholders and Other Related Parties of Zhejiang Kang Sheng Co., Ltd.

This special audit report details the fund occupation by controlling shareholders and other related parties of Zhejiang Kang Sheng Co., Ltd. for the year 2025. It confirms that the company's management is responsible for the preparation and presentation of the summary table of non-operating fund occupation and other related party fund transactions. The audit found no material inconsistencies with the audited financial statements.

Zhejiang Kangsheng Co., Ltd. 2025 Non-operating Fund Occupation and Other Related Party Fund Transactions Summary Table

This table summarizes Zhejiang Kangsheng Co., Ltd.'s non-operating fund occupation and other related party fund transactions for 2025. It details fund flows between the company, its controlling shareholders, and other related parties, including balances at the beginning and end of the period, amounts occupied, interest, and repayments. The data highlights significant related party transactions and their nature.

Special Opinion on the Assessment of Independent Directors' Independence by the Board of Directors

The Board of Directors of Zhejiang Kang Sheng Co., Ltd. assessed the independence of its former and current independent directors. The assessment concluded that all evaluated directors meet the independence requirements stipulated by regulatory rules, ensuring their ability to make objective judgments.

Annual Audit Report for the Year 2025

Annual Report for the Year 2025

Zhejiang Kang Sheng Co., Ltd. 2025 Annual Report Summary

This report summarizes Zhejiang Kang Sheng Co., Ltd.'s 2025 annual performance. Key financial figures show total assets of 3.34 billion yuan and net profit attributable to shareholders of 25.08 million yuan, a significant increase from the previous year. The company's core businesses include home appliance components, new energy commercial vehicles, liquid cooling technology, and copper alloy materials, with a global market presence.