Hanhbo Advanced Materials (Hefei) Co., Ltd. Summary of the 2026 Interim Report

I. Important Notice
The summary of this interim report is derived from the full text of the interim report. In order to comprehensively understand the Company’s operating results, financial position, and future development plans, investors should read the full text of the interim report carefully via the media designated by the CSRC.
All directors have attended the board meeting deliberating on this report.
Non-standard audit opinion disclaimer
□ Applicable √ Not applicable
Profit distribution proposal for the reporting period or capital reserve capitalization proposal considered by the Board of Directors
□ Applicable √ Not applicable
The Company does not plan to distribute any cash dividends, does not distribute bonus shares, and does not capitalize capital reserves into share capital.
Profit distribution proposal for preferred shares for the reporting period approved by the Board of Directors
□ Applicable √ Not applicable
II. Basic information of the Company
1. Company profile
■
2. Key accounting data and financial indicators
Whether the Company needs to make retrospective adjustments or restate prior-year accounting data
√ Yes □ No
Reasons for retrospective adjustment or restatement
Business combination under common control
■
3. Number of the Company’s shareholders and their shareholding
Unit: shares
■
Details of shares lent out through refinancing and lending by shareholders holding more than 5%, the top 10 shareholders, and the top 10 shareholders of unrestricted tradable shares
□ Applicable √ Not applicable
Changes from the prior period in the top 10 shareholders and the top 10 shareholders of unrestricted tradable shares due to the lending/returning of shares through refinancing and lending
□ Applicable √ Not applicable
Whether the Company has arrangements with different voting rights
□ Yes √ No
4. Changes in the controlling shareholder or the actual controller
Change of controlling shareholder during the reporting period
□ Applicable √ Not applicable
The Company’s controlling shareholder did not change during the reporting period.
Change of the actual controller during the reporting period
□ Applicable √ Not applicable
The actual controller of the Company did not change during the reporting period.
5. Total number of the Company’s preferred shareholders and shareholding of the top 10 preferred shareholders
The Company has no preferred shareholders holding shares during the reporting period.
6. Bonds outstanding as of the date of approval and issuance of the interim report
□ Applicable √ Not applicable
III. Significant matters
1. On February 12, 2026, the Company convened its 25th meeting of the fourth session of the Board of Directors, which considered and approved (the proposal on the acquisition of assets by an investee company). Hefei Xindongjin New Materials Technology Co., Ltd. (the “Xindongjin”) plans to acquire 70% of the equity interest in Dongjin Semichem (Shanghai) New Materials Co., Ltd. held by a special purpose company jointly established by Dongjin Semichem Co., Ltd. and its wholly-owned subsidiary Dongjin Global Holdings Limited. The consideration for the target equity transfer is USD 142.1 million. For details, please refer to the Company’s announcement disclosed on February 12, 2026 on the Cninfo website (http://www.cninfo.com.cn), titled (Announcement on the Acquisition of Assets by an Investee Company) (Announcement No. 2026-008).
2. On March 6, 2026, the Company convened its 26th meeting of the fourth session of the Board of Directors and approved the proposal on (the waiver of the priority right to purchase equity interests in an investee company and related-party transactions). Beijing Xinjing Technology Co., Ltd. plans to transfer its 10% equity interest in Xindongjin (corresponding to registered capital of RMB 44.0 million, not yet paid in) to Hanbo Holdings for RMB 0. Since the equity transferee, Hanbo Holdings, is an entity controlled by the Company’s controlling shareholder, actual controller, and Chairman and CEO, Mr. Wang Zhaozhong, and holds more than 5% of the Company’s shares, this waiver of the priority right to purchase equity interests in the investee company constitutes joint investment with related parties. For details, please refer to the Company’s announcement disclosed on March 10, 2026 on the Cninfo website (http://www.cninfo.com.cn), titled (Announcement on Waiving the Priority Right to Purchase Equity Interests in an Investee Company and Related-Party Transactions) (Announcement No. 2026-013).
3. On March 6, 2026, the Company convened its 26th meeting of the fourth session of the Board of Directors, which considered and approved (the proposal on providing guarantee for a subsidiary in which the Company holds an equity interest and related-party transactions). Due to the merger and acquisition and business development needs of its investee, Xindongjin (Haining) Co., Ltd., the Company plans to apply to banks and other financial institutions for a comprehensive credit facility of no more than RMB 9,000 million. The Company and other shareholders of the investee other parties intend to provide guarantee for the above comprehensive credit facility in proportion to their respective shareholding percentages. The Company holds 45.4545% of the equity interest in Xindongjin; therefore, the guarantee amount under this transaction shall not exceed RMB 4,090.905 million. Mr. Pan Dasheng, Secretary of the Board of Directors of the Company, serves as a director, and also the Chief Executive Officer and Finance Director of Xindongjin; Ms. Zhu Jing serves as the Finance Director of Xindongjin. The corporate entity Hanbo Holdings controlled by the Company’s controlling shareholder, actual controller, and Chairman and CEO, Mr. Wang Zhaozhong, holds 10% of the equity interest in Xindongjin. The Company’s guarantee in favor of Xindongjin constitutes a related-party transaction. For details, please refer to the Company’s announcement disclosed on March 10, 2026 on the Cninfo website (http://www.cninfo.com.cn), titled (Announcement on Guarantee Provision for an Investee Company and Related-Party Transactions) (Announcement No. 2026-014).
4. In June 2025, the Company attempted to use its subsidiary, Bojing Technology (Chuzhou) Co., Ltd. (the “Bojing Technology”), as a platform to carry out supply chain finance business with Dongyang Weidong Technology Co., Ltd. (the “Dongyang Weidong”). By the date when the internal control audit report for 2025 was issued, the Company had not recovered the relevant amounts in accordance with the contract, resulting in other receivables of RMB 31.9144 million. On April 23, 2026, Ruihua Certified Public Accountants (Special General Partnership) conducted an audit of the Company’s internal controls for fiscal year 2025 and issued an internal control audit report with an emphasized matters section and an unqualified opinion. The Company’s Board of Directors and the Audit Committee provided special explanations for the matters involved in the internal control audit report with the emphasized matters section and an unqualified opinion. To mitigate the risk of delayed recoveries caused by the downstream debtor’s insufficient performance capability, the Company proceeded with credit enhancement for its claims, followed up on the signing of guarantee agreements and equity pledge agreements with Dongyang Weidong’s parent company, Zhejiang Weilan Chuangzao Technology Group Co., Ltd., and its actual controller. Sufficient provision for bad debts corresponding to the relevant claims was made. As of August 7, 2026, Bojing Technology had fully recovered all receivables of RMB 31.9144 million from Dongyang Weidong.