Huangshan Capsule Co., Ltd.

Implementation Announcement of 2025 Dividend Distribution

Anhui Huangshan Huayi Co., Ltd. announced its 2025 dividend distribution plan, approved by the shareholders' meeting. The company will distribute 0.50 RMB per share before tax, based on a total share capital of 299,098,170 shares. The total cash dividend amounts to approximately 852,203.01 RMB after tax. The dividend distribution will be implemented through China Securities Depository and Clearing Corporation Limited, with the record date set for May 25, 2026.

Legal Opinion on the 2025 Annual General Meeting of Anhui Huangshan Capsule Co., Ltd. by Zhong Lun Law Firm

Zhong Lun Law Firm provides a legal opinion on Anhui Huangshan Capsule Co., Ltd.'s 2025 Annual General Meeting. The firm reviewed relevant laws and materials, concluding the meeting complied with regulations. Key outcomes include the approval of the 2025 Annual Work Report, 2025 Financial Settlement Report, and 2025 Annual Report Summary, with overwhelming shareholder support indicated by high percentages of total shares.

Announcement of Resolutions of the 2025 Annual Shareholders' Meeting

The 2025 Annual Shareholders' Meeting of Anhui Huangshan Huayi Co., Ltd. was held on April 17, 2026. Shareholders representing 36.81% of total shares attended. All six proposals, including the 2025 Annual Work Report, Financial Report, and Profit Distribution Plan, were overwhelmingly approved with over 99.94% of votes in favor. The meeting and its resolutions were deemed legally valid.

2026 First Quarter Report

This report presents the 2026 first quarter financial results. Operating income decreased by 19.53% to 95,787,626.93 Yuan, and net profit attributable to shareholders fell 7.49% to 17,362,236.43 Yuan, primarily due to reduced market demand and increased costs. Total assets saw a slight increase of 0.73% to 1,115,927,970.19 Yuan. The financial report has been audited.

Announcement on the 2025 Annual Performance Briefing

Anhui Huangshan Mountain Holdings Co., Ltd. will host an online performance briefing on April 8, 2026, to discuss its 2025 annual performance and report. The event aims to foster investor communication, with senior management including the General Manager and CFO participating. Investors can join via the "Investor Online" platform and submit questions in advance for discussion during the interactive session.

2025 Annual Independent Director Work Report - Sha Feng

This report details Sha Feng's work as an independent director in 2025. He attended 5 board meetings and 1 shareholder meeting, and participated in 3 special committee meetings. His focus included ensuring compliance, protecting investor rights, and overseeing related party transactions. Notably, Sha Feng will conclude his term as independent director on December 18, 2025.

2025 Annual Report on the Performance of Independent Directors - Zhao Xibo

This report details Zhao Xibo's performance as an independent director for Anhui Huangshan Yushi Co., Ltd. in 2025. Zhao Xibo attended all 6 board meetings and 2 shareholder meetings as scheduled, and actively participated in 4 Audit Committee and 4 Nomination Committee meetings. He focused on ensuring compliance with disclosure requirements and protecting investor rights, aiming to enhance corporate governance and shareholder interests.

2025 Annual Independent Director's Work Report - Wang Qinghua

This report details Wang Qinghua's work as an independent director for Anhui Huangshan Huayi Co., Ltd. in 2025. She attended all six board meetings and two special committee meetings (Audit and Nomination). Wang maintained communication with management and focused on protecting investor rights and ensuring regulatory compliance. She plans to continue these efforts in 2026 to promote the company's healthy development and safeguard shareholder interests.

2025 Internal Control Audit Report

This report details the internal control audit of Anhui Huangshan Huayi Co., Ltd. as of December 31, 2025. The audit assessed the effectiveness of internal controls over financial reporting. The auditors concluded that the company maintained effective internal controls in accordance with relevant Chinese accounting standards. The report outlines the responsibilities of both the company and the auditors, as well as inherent limitations of internal control systems.

2025 Internal Control Self-Evaluation Report

Anhui Huangshan Capsule Co., Ltd. conducted a self-evaluation of its internal control system as of December 31, 2025. The purpose was to assess the system's effectiveness and ensure operational health. Key figures are not provided, but the evaluation identified significant deficiencies, indicating the system does not fully meet established standards. The material outcome is the company's commitment to implementing necessary changes for continuous improvement, enhancing operational efficiency, and regulatory compliance.

Notice on Convening the 2025 Annual Shareholders' Meeting

The company is convening its 2025 Annual Shareholders' Meeting on April 17, 2026, combining in-person attendance with online voting via the Shenzhen Stock Exchange. Key agenda items include the 2025 Annual Work, Financial, and Reports, profit distribution, the 2026 budget, and various management system proposals. Shareholders must register by April 13, 2026, to participate in voting on these proposals, which have been reviewed by the board of directors and supervisors.

External Investment Decision-Making System

This system regulates the company's external investment behavior to reduce risks and enhance capital efficiency. The board of directors holds final approval authority for investments, including equity, debt, and asset transactions. The investment management department oversees planning, execution, and reporting, ensuring alignment with strategic goals and compliance with regulations. Annual investment plans require board approval and must detail objectives, scale, and expected benefits.

External Guarantee Decision-Making System

Anhui Huangshan Rubber Co., Ltd. has established an external guarantee decision-making system to regulate guarantees and prevent risks. The system outlines procedures and scope, with guarantees for subsidiaries not exceeding 30% of total assets. The finance department manages guarantees, requiring counter-guarantees and board approval. Information on external guarantees will be disclosed according to regulations.

2025 Annual Financial Settlement Report

This report details the 2025 annual financial settlement. The company reported total revenue of 46,042.48 million yuan, a 2.76% decrease from 2024. However, total profit significantly increased by 26.28% to 7,444.07 million yuan. Net profit attributable to shareholders also rose by 31.94% to 6,498.59 million yuan. The company aims to enhance market position and financial performance through sustainable development and operational efficiency.

2025 Board of Directors Work Report

Remuneration Management System for Directors and Senior Management

Anhui Huangshan Rubber Co., Ltd. has established a remuneration management system for directors and senior management. The system aims to create a scientific incentive mechanism for sustainable development, based on national laws and company regulations. Remuneration will be determined by a remuneration committee, considering operational performance, market conditions, and individual responsibilities. The system outlines principles of fairness, efficiency, and long-term development, with fixed remuneration standards and regular evaluations.

Independent Director Work System

Anhui Huangshan Rubber Co., Ltd. has formulated a work system for independent directors to improve their effectiveness and safeguard shareholder interests. Independent directors must meet specific qualifications, including at least five years of relevant experience and no conflicts of interest. They are required to participate in board meetings, provide independent opinions on major decisions, and hold at least one-third of the total director positions. The company will ensure they have access to necessary information and resources for their duties.

Related Party Transaction Decision-Making System

Anhui Huangshan Rubber Co., Ltd. has established a decision-making system for related party transactions to regulate dealings with controlling shareholders, actual controllers, and other related parties. The system outlines various transaction types, including asset purchases/sales, investments, and financial assistance. It mandates transparency, fair market pricing, and disclosure in accordance with Shenzhen Stock Exchange regulations. The system aims to protect the company's and shareholders' best interests and will be reviewed and implemented upon board approval.

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

Anhui Huangshan Jinfu Co., Ltd. held its second board meeting on March 20, 2026. The board unanimously approved ten resolutions. These included the 2025 annual work, financial, budget, ESG, and internal control reports. Additionally, plans for profit distribution, capital expenditure, shareholder meetings, board work, and management incentives for 2025 were all passed.

Announcement on the Proposed Deregistration of a Controlling Subsidiary

Anhui Huangshan Capsule Co., Ltd. approved the deregistration of its controlling subsidiary, Huangshan Capsule Inc., on March 20, 2026. The subsidiary, registered in the US and Southeast Asia with a capital of $500,000, had total assets of 198.65 million and net profit of 8.67 million in 2025. This decision is driven by changes in the US market environment and policy adjustments, prompting a strategic business adjustment to optimize operations. The deregistration is not expected to impact the company's stock or require financial statement consolidation.

Announcement on the Company's Application for Comprehensive Credit Facility from Banks

Anhui Huangshan Jinshan Co., Ltd. has applied for a comprehensive credit facility exceeding 500 million yuan from banks including China Construction Bank and Agricultural Bank of China. This facility, valid for one year, aims to support the company's operational and development needs. The board has authorized representatives to manage the credit line, with the final amount subject to operational requirements and bank approval.

Announcement on the Company's Profit Distribution Plan for 2025

The company's board reviewed and approved the 2025 profit distribution plan, proposing a cash dividend of 0.53 RMB per share. The net profit attributable to shareholders for 2025 was 64,985,897.94 RMB. The total proposed cash distribution is 25,722,442.62 RMB. This plan aims to provide reasonable returns to shareholders while supporting sustainable development. The proposal requires shareholder approval.

Evaluation Report on the Performance of the Accounting Firm by the Listed Company

Anhui Huangshan Huamao Co., Ltd. evaluated Beijing Xinghua Certified Public Accountants for its 2025 services. The firm has 143 registered accountants and 30 for securities services, with projected 2025 revenue of 12,898.45 thousand yuan. It possesses 577.90 million yuan in risk protection funds and has a clean credit record. The evaluation concluded the firm has the necessary qualifications and capabilities for the company's auditing needs.

Report on the Evaluation of the Accounting Firm's Performance and Supervision Responsibilities for 2025

The Audit Committee evaluated Beijing Xinhua Certified Public Accountants' 2025 performance and supervision. The firm, established in 2009, reported estimated 2025 business income of 12,898.45 million and audit income of 6,398.46 million. It maintains a risk reserve of 577.90 million and has no administrative penalties in three years. The evaluation concluded the firm met required standards, showing good performance and transparency.

Summary Table of Non-operating Fund Occupation and Other Related Fund Transactions

This document summarizes planned non-operating fund occupations and related fund transactions for 2025. The primary transaction detailed involves Huangshan Capsule Inc., a subsidiary. Planned fund occupation amounts are specified, with reasons provided for the occupation, including figures for both applicable and non-applicable scenarios. The table outlines the financial activities and their justifications for the upcoming fiscal year.

Special Report on the Independence of Independent Directors

This report assesses the independence of Anhui Huangshan Huaneng Co., Ltd.'s independent directors for 2025. The assessment, based on regulatory guidelines, reviewed eight key areas including familial ties, shareholding, past employment, and business relationships. The company confirmed that no factors affect the independence of its current independent directors. Future appointments will also adhere to these independence criteria.

2025 Annual Audit Report