002377SZSE

Announcement on Unrecognized Losses Reaching One-Third of Paid-in Capital

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Hubei Guochuang High-Tech Materials Co., Ltd. announces that its unrecognized losses have exceeded one-third of its paid-in capital as of December 31, 2025. The company reported a net profit of 19.75 million yuan for 2025, but prior year losses resulted in accumulated unrecognized losses of 417.18 million yuan. The company plans to optimize its business structure, enhance customer relationships, strictly control product quality, and revitalize existing assets to address the situation.

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Stock Code: 002377 Stock Abbreviation: Guochuang High-Tech Announcement No.: 2026-15

Hubei Guochuang High-Tech Materials Co., Ltd. Announcement on Unrecognized Losses Reaching One-Third of Paid-in 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 major omissions.

Hubei Guochuang High-Tech Materials Co., Ltd. (hereinafter referred to as the "Company") held the 24th meeting of the 7th Board of Directors on April 16, 2026, and reviewed and approved the "Proposal on Unrecognized Losses Reaching One-Third of Paid-in Capital." In accordance with the "Company Law," "Articles of Association," and other relevant regulations, this matter needs to be submitted to the Company's shareholders' meeting for deliberation. The relevant situation is hereby announced as follows:

I. Overview

According to the "Hubei Guochuang High-Tech Materials Co., Ltd. 2025 Annual Audit Report" (Dehao Audit [2026]00001281) issued by Beijing Dehao Certified Public Accountants (Special General Partnership), the Company's net profit attributable to listed company shareholders in 2025 was 19.7516 million yuan. As of December 31, 2025, the undistributed profit in the consolidated financial statements was -417,181.22 million yuan. The amount of unrecognized losses is 417,181.22 million yuan, and the paid-in capital is 916,325,201 yuan. The amount of unrecognized losses exceeds one-third of the total paid-in capital.

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