2025 Annual Report

Important Notes, Directory, and Definitions

The Board of Directors and senior management of Zhuhai Enpower Electric Co., Ltd. guarantee that the content of the annual report is true, accurate, and complete, with no false records, misleading statements, or significant omissions, and bear individual and joint legal responsibilities. The responsible person Jiang Guibin, the head of accounting Liang Xiaotian, and the head of the accounting institution (accounting supervisor) Liang Qingping 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. Any content related to future plans, performance forecasts, etc., in this report does not constitute a commitment by the company to any investors or related parties. Investors and related parties should maintain adequate risk awareness and understand the differences between plans, forecasts, and commitments. The section "11. Outlook for the Company's Future Development" in "Section 3 Management Discussion and Analysis" of this report describes in detail the risks that may exist in the company's operations and the corresponding countermeasures, and investors are advised to pay attention to the relevant content. The profit distribution plan approved by the board of directors is: based on the current total share capital of 306,055,340 shares, a cash dividend of RMB 0.62 (including tax) will be distributed for every 10 shares to all shareholders, with no bonus shares (including tax), and a transfer of 0 shares from capital reserves for every 10 shares to all shareholders.

Directory

1. Important Notes, Directory, and Definitions ............................................................. 2
2. Company Profile and Key Financial Indicators ........................................................... 6
3. Management Discussion and Analysis .................................................................. 11
4. Corporate Governance, Environment, and Society .................................................. 40
5. Important Matters .......................................................................................... 65
6. Share Changes and Shareholder Information ......................................................... 81
7. Bond-Related Information .............................................................................. 91
8. Financial Report ............................................................................................ 96

Documents for Reference

1. Financial statements signed and stamped by the legal representative Jiang Guibin, head of accounting Liang Xiaotian, and head of the accounting institution (accounting supervisor) Liang Qingping.
2. Original audit report stamped by the accounting firm and signed by the certified public accountant.
3. Original and announcement drafts of all company documents publicly disclosed on the website designated by the China Securities Regulatory Commission during the reporting period.
4. Original text of the 2025 Annual Report signed by Chairman Jiang Guibin.
   The above reference documents are kept at the company's securities department.

Definitions