2026 Semi-Annual Report

Section I Important Tips, Table of Contents and Definitions

The Board of Directors, the Board of Supervisors, and the directors, supervisors, and senior management of the Company guarantee the authenticity, accuracy, and completeness of the contents of the semi-annual report, and that there are no false records, misleading statements, or major omissions, and they bear individual and joint legal liability.

Company head Li Yong, the person in charge of accounting work Huang Gaoyuan, and the head of the accounting department (accounting supervisor) Cheng Xiangping declare: The financial reports in this semi-annual report are guaranteed to be true, accurate, and complete.

All directors have attended the board meeting to review this semi-annual report.

Forward-looking statements in this report, such as future plans or projections, do not constitute substantive commitments by the Company to investors. Investors and related parties should maintain sufficient risk awareness and understand the differences between plans, forecasts, and commitments.

For risk factors that may exist in the Company's operations, please refer to the "X. Risks faced by the Company and countermeasures" section in "Section III Management Discussion and Analysis" of this report. Investors are advised to pay attention to investment risks.

The Company plans not to distribute cash dividends, not to issue bonus shares, and not to convert capital reserves into share capital.

Table of Contents

Section I Important Tips, Table of Contents and Definitions 2

Section II Company Profile and Key Financial Indicators 6

Section III Management Discussion and Analysis 9

Section IV Corporate Governance, Environment and Society 19

Section V Important Matters 21

Section VI Changes in Shares and Shareholders 27

Section VII Bond-related Matters 34

Section VIII Financial Report 35

List of Documents for Inspection

(1) Financial statements signed and sealed by the Company's head, the person in charge of accounting work, and the head of the accounting department (accounting supervisor);

(2) Originals of all company documents and public announcements disclosed during the reporting period;

(3) Semi-annual reports published in other securities markets.

Place for inspection of the above documents: Securities Affairs Department of the Company.

Definitions

Section II Company Profile and Key Financial Indicators

I. Company Profile