Stock Code: 002329 Stock Abbreviation: Huangshi Group Announcement No.: 2026 - 009 Announcement on the 2025 Profit Distribution Plan The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions. I. Deliberation Procedures Huangshi Group Co., Ltd. (hereinafter referred to as the "Company") deliberated and passed the "Proposal on the 2025 Profit Distribution Plan" at the 12th meeting of the 7th Board of Directors held on April 23, 2026. In accordance with the "Company Law" and the "Articles of Association" and other relevant regulations, this proposal needs to be submitted to the Company's 2025 Shareholders' Meeting for deliberation. II. Basic Situation of the Company's 2025 Profit Distribution Plan According to the standard unqualified opinion audit report issued by Shenzhen Jiuan Certified Public Accountants (Special General Partnership), the net profit attributable to shareholders of listed companies in 2025 was -448,535,055.88 yuan, and the net profit realized by the Company (parent company) in 2025 was -323,614,088.73 yuan. Adding the undistributed profit at the beginning of the year of -1,086,310,050.36 yuan, the profit available for distribution to shareholders by the parent company at the end of 2025 was -1,409,924,139.09 yuan. Given that the net profit attributable to shareholders of listed companies and the profit available for distribution by the parent company in 2025 are both negative, in order to ensure the Company's sustained, stable, and healthy development, the Board of Directors proposes the 2025 profit distribution plan as follows: The Company will not distribute cash dividends, issue bonus shares, or convert capital reserves into share capital in 2025. This profit distribution plan needs to be submitted to the Company's 2025 Shareholders' Meeting for deliberation. 1 III. Specifics of the Cash Dividend Plan (I) The Company Does Not Trigger Other Risk Warning Situations
- Cash Dividend Plan Indicators Item This Period Previous Period Period Before Previous Cash dividend amount (yuan) 0 0 0 Buyback and cancellation amount (yuan) 0 0 0 Net profit attributable to shareholders of listed companies (yuan) -448,535,055.88 -680,674,972.49 67,345,208.01 Accumulated undistributed profit at the end of the reporting period of the consolidated statements (yuan) -1,499,947,530.95 Accumulated undistributed profit at the end of the reporting period of the parent company statements (yuan) -1,409,924,139.09 Has the listing been for three full accounting years? √ Yes □ No Accumulated cash dividend amount in the last three accounting years (yuan) 0 0 Accumulated buyback and cancellation amount in the last three accounting years (yuan) 0 0 Average net profit in the last three accounting years (yuan) -353,954,940.12 0 Accumulated amount of cash dividends and buybacks/cancellations in the last three accounting years (yuan) 0 Does it fall under Article 9.8.1 (IX) of the "Stock Listing Rules" regarding situations that may lead to other risk warnings? □ Yes √ No
- Reasons why the Company Does Not Trigger Other Risk Warning Situations The net profit attributable to shareholders of listed companies in 2025, the accumulated undistributed profit at the end of the reporting period of the consolidated statements, and the accumulated undistributed profit at the end of the reporting period of the parent company statements are all negative, failing to meet the conditions for dividend distribution. Therefore, the Company does not fall under the circumstances stipulated in Article 9.8.1 (IX) of the "Shenzhen Stock Exchange Stock Listing Rules" that may lead to other risk warnings for stock trading. (II) Explanation of the Reasonableness of the Cash Dividend Plan
- Reasons for Not Distributing Profits in 2025 According to the "Company Law" and the "Articles of Association," the condition for cash dividend distribution is that "the distributable profit for the year (i.e., the net profit remaining after offsetting losses and allocating common reserves) is positive." In 2025, the net profit attributable to shareholders of listed companies and the profit available for distribution by the parent company are both negative, failing to meet the legal conditions for implementing cash dividends and other profit distributions. In 2026, the Company will focus on key tasks such as expanding the East China market and commercializing seed sources. Retained funds will be prioritized for core business expansion, capacity upgrades, and daily operational turnover, aiming to enhance the Company's long-term profitability and ultimately protect the long-term interests of all shareholders. The Company will not distribute cash dividends, issue bonus shares, or convert capital reserves into share capital in 2025. This profit distribution plan complies with the "Supervision Guidelines No. 3 for Listed Companies - Cash Dividends for Listed Companies," the "Articles of Association," and the relevant provisions of the Shareholder Return Plan, and is in line with the Company's profit distribution policy.
- Measures to be Taken by the Company The Company will further optimize its operations and improve its performance, aiming for the Company's long-term healthy and sustainable development and to increase investor returns, sharing the Company's development achievements with investors and strengthening investor returns. IV. Other Disclosures As of the disclosure date of this announcement, the Company has strictly controlled the scope of insiders and conscientiously fulfilled its confidentiality obligations, and has informed relevant insiders of the prohibition of insider trading. This profit distribution plan needs to be submitted to the Company's 2025 Shareholders' Meeting for approval. Investors are advised to pay attention to investment risks. V. Documents for Reference Resolution of the 12th meeting of the 7th Board of Directors of the Company. Hereby announced. 3 Huangshi Group Co., Ltd. Board of Directors April 27, 2026