Announcement on the Progress of Tax Matters

Phoenix Shipping Co., Ltd.·July 3, 2026·2 pages

✨ AI Summary

The company's subsidiary received a notice from the tax bureau deeming certain VAT invoices invalid for deduction. The subsidiary must provide compliant invoices or supporting documents, or the tax bureau will adjust taxable income and disallow expense deductions. The matter does not involve administrative penalties yet and is being monitored.

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Stock Code: 000520 Stock Abbreviation: Phoenix Shipping

Announcement Number: 2026-018

Phoenix Shipping (Wuhan) Co., Ltd.

Announcement on the Progress of Tax Matters

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.

Phoenix Shipping (Wuhan) Co., Ltd. (hereinafter referred to as the "Company") wholly-owned subsidiary Wuhan Changhang Xin Phoenix Logistics Co., Ltd. (hereinafter referred to as "Xin Phoenix") recently received a "Tax Matters Notice" (Wushuiyi Ji Tong [2026] No. 588) (hereinafter referred to as the "Notice") from the First Inspection Bureau of the Wuhan Municipal Tax Bureau of the State Administration of Taxation (hereinafter referred to as the "Inspection Bureau"). The relevant situation is hereby announced as follows:

I. Main Content of the "Tax Matters Notice"

From 2022 to 2024, Xin Phoenix purchased a

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