2025 Annual Report

Important Notes, Directory, and Definitions

The Board of Directors and senior management of GloryView Technology 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 they bear individual and joint legal responsibility. The person in charge of the company, Ouyang Hua, the head of accounting, Xia Ming, and the head of the accounting institution (accounting supervisor), Xu Danyun, 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 forward-looking descriptions in this report regarding future plans and development strategies do not constitute a substantive commitment to investors; investors are advised to pay attention to investment risks. The company describes potential risk factors in its future operations in Section 3, "Management Discussion and Analysis," under "11. Outlook for the Company's Future Development," and investors are encouraged to pay attention to the relevant content.

The profit distribution plan approved by the Board of Directors is as follows: based on the current total share capital of 153,517,547 shares, a cash dividend of 2 yuan (tax included) will be distributed for every 10 shares to all shareholders, with no bonus shares (tax included), and 4 bonus shares will be issued for every 10 shares from the capital reserve to all shareholders.

Directory

1. Important Notes, Directory, and Definitions .......................................................................................................................................................... 2
2. Company Profile and Key Financial Indicators ...................................................................................................................................................... 8
3. Management Discussion and Analysis .................................................................................................................................................................. 12
4. Corporate Governance, Environment, and Society .................................................................................................................................................. 48
5. Important Matters .......................................................................................................................................................................................... 66
6. Share Changes and Shareholder Information .......................................................................................................................................................... 120
7. Bond-Related Information .................................................................................................................................................................................. 127
8. Financial Report .................................................................................................................................................................................................. 128

Reference Documents

1. Financial statements signed and sealed by the company's legal representative, head of accounting, and head of the accounting institution;
2. Original audit report stamped by the accounting firm and signed by the certified public accountant;
3. All company documents publicly disclosed in designated media by the China Securities Regulatory Commission during the reporting period, along with the original announcements;
4. Original full text of the 2025 Annual Report signed by the company's legal representative;
5. Other reference documents.

Definitions