Report on the Trust Management of Nanjing COSMOS Chemical Co., Ltd.'s Convertible Bonds Issued to Unspecified Objects (2025)

Important Statement

CITIC Securities Co., Ltd. (hereinafter referred to as "CITIC Securities") has compiled the content and information of this report based on the public announcements of Nanjing COSMOS Chemical Co., Ltd. (hereinafter referred to as "COSMOS", "the Company", "the Issuer") such as the "2025 Annual Report of Nanjing COSMOS Chemical Co., Ltd." and other relevant public information disclosure documents, as well as professional opinions issued by third-party intermediary institutions. This report does not constitute a recommendation for investors to take or refrain from any action; investors should make independent judgments on relevant matters and should not rely on any content in this report as a commitment or statement made by CITIC Securities.

Table of Contents

1. Important Statement ........................................................................................................................................ 1
2. Overview of Convertible Bonds .................................................................................................................. 3
3. Performance of the Bond Trustee .............................................................................................................. 14
4. Issuer's Operating and Financial Status for 2025 .................................................................................... 16
5. Use of Raised Funds and Operation of Special Accounts .......................................................................... 20
6. Payment of Principal and Interest on Bonds ............................................................................................ 24
7. Analysis of Issuer's Willingness and Ability to Repay Debt .................................................................... 25
8. Execution and Effectiveness of Credit Enhancement Mechanisms and Debt Repayment Guarantees ........ 26
9. Bondholders' Meeting .................................................................................................................................. 27
10. Credit Rating of the Convertible Bonds .................................................................................................. 28
11. Changes in Personnel Responsible for Bond-Related Matters ................................................................ 29
12. Other Matters Related to the Issuer's Debt Repayment Ability and Credit Enhancement Measures ........ 30
13. Execution of Other Obligations Specified in the Convertible Bond Prospectus ..................................... 31
14. Other Matters ............................................................................................................................................. 32

Overview of Convertible Bonds

1. Basic Information of the Issuer

• Chinese Name: 南京科思化学股份有限公司
• Abbreviated Name: 科思股份
• English Name: Nanjing COSMOS Chemical Co., Ltd.
• Abbreviation: COSMOS
• Legal Representative: 周旭明
• Registered Address: 南京市江宁经济技术开发区苏源大道 19 号
• Office Address: 南京市江宁经济技术开发区苏源大道 19 号九龙湖国际企业总部园C1栋10楼
• Postal Code: 211102
• Company Website: http://www.cosmoschem.com
• Email: ksgf@cosmoschem.com