Important Notes, Directory, and Definitions
The Board of Directors, Supervisory Board, and senior management of Ji Yao Holding Group Co., Ltd. guarantee that the contents of the annual report are true, accurate, and complete, with no false records, misleading statements, or significant omissions, and bear individual and joint legal responsibilities. The responsible person, Lu Zhongkui, the head of accounting, Wei Hejiang, and the head of the accounting institution (accounting supervisor), Ji Wenxin, declare: they ensure the truthfulness, accuracy, and completeness of the financial report in this annual report. All directors have attended the board meeting to review this report. The audit opinion from Beijing Dehao International Accounting Firm (Special General Partnership) on the company's financial report for the year 2024 is: unable to express an opinion. Due to severe liquidity shortages, the company and some subsidiaries have multiple overdue loans and financing lease borrowings from financial institutions in 2024, leading to several lawsuits, freezing of multiple bank accounts, and seizure of various assets, severely impacting the production and operation of the company and some subsidiaries, resulting in a continued net loss attributable to shareholders of the listed company this year. Investors are advised to pay attention to the relevant content and be aware of investment risks. Beijing Dehao International Accounting Firm (Special General Partnership) issued an audit report expressing an inability to provide an opinion on the company's 2024 financial report, indicating significant risks to the company's ability to continue as a going concern. For details, please refer to the "2024 Audit Report" disclosed by the company on April 29, 2025, on the Giant Tide Information Network. The "Section 3 - Management Discussion and Analysis" of this report describes the main risks faced by the company and the corresponding measures in detail; investors are advised to read it carefully. The company plans not to distribute cash dividends, issue bonus shares, or increase capital using reserves.
Directory
- Important Notes, Directory, and Definitions .................................................................................................................... 2
- Company Profile and Key Financial Indicators ................................................................................................................ 7
- Management Discussion and Analysis .............................................................................................................................. 11
- Corporate Governance ....................................................................................................................................................... 27
- Environmental and Social Responsibility ....................................................................................................................... 43
- Important Matters .............................................................................................................................................................. 44
- Changes in Shares and Shareholder Information ........................................................................................................... 62
- Preferred Shares Information ........................................................................................................................................... 68
- Bond Information ............................................................................................................................................................... 69
- Financial Report ............................................................................................................................................................... 70
Documents for Inspection
- Financial statements signed and stamped by the responsible person, head of accounting, and head of the accounting institution;
- Original audit report stamped by the accounting firm and signed by the certified public accountant;
- All original documents and announcements publicly disclosed during the reporting period;
- Original annual report for 2024 signed by the company's legal representative;
- Other relevant documents. The above documents are available at the company's Securities Department.