Yunnan Baiyao Group Co., Ltd. (hereinafter referred to as "the Company") announces that the second meeting of the 11th Board of Directors (hereinafter referred to as "the Meeting") was held on March 31, 2026, in the "Baiyao Space" conference room on the second floor of the Company, combining in-person and video attendance. The meeting notice was sent out in writing and via email on March 21, 2026. A total of 12 directors were supposed to attend, and all 12 directors were present (Independent Director Mr. Liu Guoen attended via video). The convening and procedures of the meeting comply with the relevant provisions of the Company Law of the People's Republic of China and the Articles of Association, making the meeting legal and effective. The meeting was chaired by Mr. Zhang Wenxue, the Chairman of the Company. After thorough discussions, the following resolutions were passed:
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The "2025 Annual Board Work Report" was approved. For details, please refer to the "2025 Annual Board Work Report" disclosed by the Company on the same day on the Giant Tide Information Network (website: http://www.cninfo.com.cn). Voting results: 12 votes in favor, 0 votes against, 0 abstentions. This proposal will be submitted to the Company's 2025 Annual General Meeting for consideration.
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The "2025 Annual Management Work Report" was approved. Voting results: 12 votes in favor, 0 votes against, 0 abstentions.
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The "2025 Annual Sustainability Report" was approved. For details, please refer to the "2025 Annual Sustainability Report" disclosed by the Company on the same day on the Giant Tide Information Network. Voting results: 12 votes in favor, 0 votes against, 0 abstentions.
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The "2025 Annual Internal Control Self-Assessment Report" was approved. For details, please refer to the "2025 Annual Internal Control Self-Assessment Report" disclosed by the Company on the same day on the Giant Tide Information Network. Voting results: 12 votes in favor, 0 votes against, 0 abstentions.
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The "2025 Annual Report" and its summary were approved. For details, please refer to the "2025 Annual Report" and "2025 Annual Report Summary" disclosed by the Company on the same day (Announcement No.: 2026-09). Voting results: 12 votes in favor, 0 votes against, 0 abstentions.
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The "2025 Annual Financial Settlement Report" was approved. The Company achieved an operating income of 41.187 billion yuan in 2025, an increase of 1.154 billion yuan or 2.88% compared to the previous year. The net profit attributable to shareholders of the listed company was 5.153 billion yuan, a year-on-year increase of 8.51%, and the net profit excluding non-recurring gains and losses was 4.865 billion yuan, a year-on-year increase of 7.55%. The report was audited by Tianjian Accounting Firm (Special General Partnership), which issued a standard unqualified audit opinion. For details, please refer to the "2025 Annual Report" disclosed by the Company on the same day. Voting results: 12 votes in favor, 0 votes against, 0 abstentions.