Securities Code: 002348 Securities Abbreviation: Gaole Co. Guangdong Gaole Co., Ltd. Announcement No.: 2026-034 Announcement on Proposed Non-Distribution of Profits for 2025 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 material omissions.
Special Notice:
- The Company proposes not to distribute cash dividends, bonus shares, or transfer capital reserves to share capital for 2025.
- The Company's 2025 profit distribution proposal does not fall under the circumstances that may be subject to other risk warnings as stipulated in Rule 9.8.1 of the Shenzhen Stock Exchange Stock Listing Rules.
I. Deliberation Procedures Guangdong Gaole Co., Ltd. (hereinafter referred to as the "Company") held the second meeting of the Ninth Board of Directors on April 27, 2026, which deliberated and approved the "2025 Profit Distribution Proposal." The Company proposes the 2025 profit distribution plan as follows: no cash dividends, no bonus shares, and no transfer of capital reserves to share capital. This proposal needs to be submitted to the Company's 2025 Annual Shareholders' Meeting for deliberation.
II. Basic Information of the 2025 Profit Distribution Proposal According to the audit by Unite Zhenqing Certified Public Accountants (Special General Partnership), the Company's consolidated net profit attributable to the parent company's shareholders for 2025 was -43,232,762.99 yuan, and the consolidated undistributed profit at the end of 2025 was -612,816,166.34 yuan. The net profit realized by the parent company in 2025 was -24,575,130.38 yuan, and the undistributed profit of the parent company at the end of 2025 was -596,515,312.44 yuan. In accordance with the "Notice on Further Implementing the Matters Concerning Cash Dividends of Listed Companies" issued by the China Securities Regulatory Commission, "Guidelines for Supervision of Listed Companies No. 3 - Cash Dividends of Listed Companies," and the "Articles of Association," etc., given that the Company did not achieve profitability in the current period and has uncompensated losses at the end of the period, the Company's 2025 profit distribution proposal is: no cash dividends, no bonus shares, and no transfer of capital reserves to share capital for 2025.