Announcement of Resolutions of the Seventh Meeting of the Seventh Board of Directors

Securities Code: 002324 Securities Abbreviation: Puliite Announcement No.: 2026-020

Shanghai Puliite Composite Material Co., Ltd. Announcement of Resolutions of the Seventh Meeting of the Seventh Board of Directors

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

I. Convening of the Board Meeting

1. The notice for the seventh meeting of the seventh Board of Directors of Shanghai Puliite Composite Material Co., Ltd. (hereinafter referred to as the "Company") was issued in writing and by communication on April 13, 2026.
2. The board meeting was held on April 23, 2026, at the Company's meeting room located at No. 558 Xinye Road, Qingpu Industrial Park, Shanghai, through on-site and communication voting methods.
3. A total of 7 directors were eligible to attend, and 7 directors were present.
4. Chairman Mr. Zhou Wen presided over the board meeting.
5. The convening and holding of this board meeting comply with the "Company Law," relevant laws and regulations, and the "Articles of Association."

II. Deliberation of Board Meeting Matters

The attending directors carefully deliberated on each proposal of the board meeting and voted through on-site and communication methods, passing the following resolutions:

1. With 7 votes in favor, 0 votes against, and 0 abstentions, the Company's "2025 Annual Report" and its summary were approved. The "2025 Annual Report" and its summary can be found in the Company's designated information disclosure media, including China Securities Journal, Securities Times, Securities Daily, Shanghai Securities News, and the Juchao Information Network (http://www.cninfo.com.cn). This proposal has been reviewed and approved by the Company's Board Audit Committee. This proposal needs to be submitted for review at the 2025 Annual Shareholders' Meeting.

2. With 7 votes in favor, 0 votes against, and 0 abstentions, the "2025 Board of Directors Work Report" was approved.

The "2025 Annual Report" is detailed in the third section, Management Discussion and Analysis. Independent Directors Ms. Qian Junlv, Ms. Tang Yunv, Mr. Shao Wanquan, and former Independent Director Mr. Hu Bing have submitted their "2025 Independent Director Performance Reports" to the Board of Directors, and they will present their reports at the 2025 Annual Shareholders' Meeting. The Company's "2025 Independent Director Performance Reports" can be found in the Company's designated information disclosure media, including China Securities Journal, Securities Times, Securities Daily, Shanghai Securities News, and the Juchao Information Network (http://www.cninfo.com.cn). This proposal needs to be submitted for review at the 2025 Annual Shareholders' Meeting.

1. With 7 votes in favor, 0 votes against, and 0 abstentions, the "2025 General Manager Work Report" was approved. After deliberation by the attending directors, the "2025 General Manager Work Report" was approved.

2. With 7 votes in favor, 0 votes against, and 0 abstentions, the "2025 Financial Statements Report" was approved. As of December 31, 2025, the Company's total consolidated assets were RMB 1,283,317.10 million, total consolidated liabilities were RMB 796,674.97 million, and total consolidated equity attributable to the parent company was RMB 463,896.06 million. In 2025, the Company's total consolidated operating revenue was RMB 989,914.43 million, an increase of 19.07% year-on-year; operating profit was RMB 34,795.97 million, an increase of 142.76% year-on-year; net profit attributable to shareholders of the listed company was RMB 36,748.21 million, an increase of 160.36% year-on-year. The Company's "2025 Audit Report" can be found in the Company's designated information disclosure media, including China Securities Journal, Securities Times, Securities Daily, Shanghai Securities News, and the Juchao Information Network (http://www.cninfo.com.cn). This proposal has been reviewed and approved by the Company's Board Audit Committee. This proposal needs to be submitted for review at the 2025 Annual Shareholders' Meeting.