2024 Semi-Annual Report

Section 1 Important Notes, Directory, and Definitions

The Board of Directors, Supervisory Board, and senior management of Kairuide Holding Co., Ltd. guarantee that the content of the semi-annual report is true, accurate, and complete, with no false records, misleading statements, or significant omissions, and they bear individual and joint legal responsibility. The person in charge, Ji Xiaowen, the head of accounting, Sun Chen, and the head of the accounting institution (accounting supervisor) Sun Chen declare: they ensure the financial report in this semi-annual report is true, accurate, and complete. All directors attended the board meeting to review this semi-annual report. The forward-looking statements regarding future plans and development strategies in the 2024 semi-annual report do not constitute substantial commitments to investors; investors and related parties should maintain sufficient risk awareness and understand the differences between plans, forecasts, and commitments, paying attention to investment risks. The company plans not to distribute cash dividends, issue bonus shares, or increase capital using reserves.

Directory

1. Important Notes, Directory, and Definitions ....................................1

2. Company Profile and Key Financial Indicators ...................................5

3. Management Discussion and Analysis ...........................................7

4. Corporate Governance ..........................................................13

5. Environmental and Social Responsibility ......................................14

6. Important Matters ..............................................................15

7. Share Changes and Shareholder Information ..................................24

8. Preferred Shares Information ......................................................28

9. Bond Information .................................................................29

10. Financial Report .................................................................30

Reference Documents Directory

1. The 2024 semi-annual financial statements signed and sealed by the person in charge, head of accounting, and accounting institution head (accounting supervisor);

2. The 2024 semi-annual report and its summary with the signature of the legal representative and the company seal;

3. Original documents and announcements publicly disclosed on the designated website of the China Securities Regulatory Commission during the reporting period.

Definitions