Guangdong Xianglu Tungsten Industry Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without any false records, misleading statements, or major omissions.
I. Review Procedure
The fifth Board of Directors of Guangdong Xianglu Tungsten Industry Co., Ltd. held its second interim meeting in 2026, where it reviewed and approved the proposal on the profit distribution plan for 2025. This proposal will be submitted to the Company's 2025 annual shareholders' meeting for review.
II. Basic Situation of Profit Distribution and Capital Reserve Fund Transfer to Increase Capital
According to the audit by Guangdong Sinong Accounting Firm (Special General Partnership), the Company achieved a net profit of RMB 109.50 million for the year 2025 (parent company), and a consolidated net profit of RMB 143.70 million. In accordance with the relevant provisions of the Company Law and the Articles of Association, a statutory surplus reserve of RMB 10.95 million will be extracted from the parent company's net profit. As of December 31, 2025, the cumulative distributable profit for shareholders of the parent company is RMB 272.28 million, while the cumulative distributable profit at the consolidated level is RMB 231.23 million. Based on the principle of the lower of the distributable profits from the consolidated and parent company statements, the distributable profit for shareholders this time is RMB 231.23 million.