Announcement on Uncovered Losses Reaching One-Third of Share Capital

Xiangyang Automobile Bearing Co., Ltd.·June 21, 2026·2 pages

✨ AI Summary

This announcement details that Xiangyang Bearing's uncovered losses have exceeded one-third of its share capital as of December 31, 2025. The company reported a net loss of RMB 49.12 million for 2025, primarily due to increased losses from its overseas subsidiary. The company outlines measures to address the situation, including market expansion and cost reduction.

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Securities Code: 000678 Securities Abbreviation: Xiangyang Bearing Announcement Number: 2026-020

Xiangyang Bearing Co., Ltd. Announcement on Uncovered Losses Reaching One-Third of Share Capital

The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.

Xiangyang Bearing Co., Ltd. (hereinafter referred to as the "Company") held the 36th meeting of the Seventh Board of Directors on June 18, 2026, and reviewed and approved the "Proposal on Uncovered Losses Reaching One-Third of Share Capital." This proposal needs to be submitted to the shareholders' meeting for review. The relevant situation is hereby announced as follows:

I. Overview

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