Announcement on Uncovered Losses Reaching One-Third of Paid-in Capital
The company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
I. Situation Overview
Shenzhen Soling Industrial Co., Ltd. (hereinafter referred to as "Soling Shares" or "the Company") held its second meeting of the Sixth Board of Directors on March 20, 2026, and approved the "Proposal on Uncovered Losses Reaching One-Third of Paid-in Capital."
According to the "Audit Report" issued by Unite Zhenqing Certified Public Accountants (Special General Partnership) on March 20, 2026, "Audit Report" Zhenzhen Audit [2026] No. 0095 for the year 2025 shows that as of December 31, 2025, the Company's undistributed profits were -2,725,423,317.51 yuan, the amount of uncovered losses was 2,725,423,317.51 yuan, and the paid-in capital was 863,725,624.00 yuan. The amount of uncovered losses reached 1/3 of the total paid-in capital.
This proposal needs to be submitted for deliberation at the Company's 2025 Annual General Meeting of Shareholders.