CHANGHONG MEILING CO., LTD.

Semi-Annual Report 2025

August 2025

Section I. Important Notice, Contents and Interpretation

Board of Directors, Supervisory Committee, all directors, supervisors and senior executives of ChanghongMeiling Co., Ltd. (hereinafter referred to as the Company) hereby confirm that there are no any fictitiousstatements, misleading statements, or important omissions carried in this report, and shall take all responsibilities,individual and/or joint, for the reality, accuracy and completion of the whole contents.Mr. Wu Dinggang, Chairman of the Company, Mr. Yang Bing, person in charge of accounting work and Mr.HuXiangfei, person in charge of accounting organ (accountant in charge) hereby confirm that the Financial Report of2025 Semi- Annual Report is authentic, accurate and complete.The Company did not have directors, supervisors and senior executives of the Company could not guarantee thereality, accuracy and completion of the whole contents or have objections.All the directors attended the board meeting to deliberating the Report on-site。Modified audit opinions notes

□ Applicable √ Not applicable

Risk warning of concerning the forward-looking statements with future planning involved in semi-annual report

√ Applicable □Not applicable

Concerning the forward-looking statements with future planning involved in the Report, they do not constitute asubstantial commitment for investors, investors and the person concerned should maintain adequate riskawareness, furthermore, differences between the plans, forecast and commitments should be comprehended.Investors are advised to exercise caution of investment risks.Investors are advised to read the full text of semi-annual report, and pay particular attention to the following riskfactors:

More details about the possible risks and countermeasures in the operation of the Company are described in thereport “X. Risks and countermeasures” of “Section III Management Discussion and Analysis”, investors areadvised to read the relevant content.Securities Times, China Securities Journal and Juchao Website (www.cninfo.com.cn) are the media forinformation disclosure for year of 2025 that appointed by the Company. All public information under the name ofthe Company disclosed on the above said media and website shall prevail, and investors are advised to exercisecaution.Does the Company need to comply with disclosure requirements of the special industry: NoProfit distribution pre-plan or capitalizing of common reserves pre-plan deliberated by the Board in the

semi-annual period

□Applicable √Not applicable

The Company has no plans of cash distribution, bonus shares and capitalizing of common reserves either.Directors, supervisor and senior executives of the Company respectively signed Written Confirmation Opinionsfor 2025 Semi-Annual Report.Supervisory Committee of the Company formed Written Examination Opinions for 2025 Semi-Annual Report.

Contents

I.Important Notice, Table of contents and Definitions 1II. Company Profile and Main Financial Indexes 6III. Management Discussion & Analysis 12IV. Corporate Governance, Environmental & Social Responsibility 41V. Important Events 46VI. Change of share capital and shareholding of Principal Shareholders 132VII. Corporate Bond 140VIII. Financial Report 141

Documents Aavailable for Reference

I.Financial statement carrying the signatures and seals of the Chairman, principal of the accounting works andperson in charge of accounting organ;II. Original documents of the Company and manuscripts of public notices that disclosed in the website designatedby CSRC in the report period.

Definition

II. Company Profile and Main Financial IndexesI.Company Profile

II. Person/Way to contact

III. Others(I) Way of contactWhether registrations address, offices address and codes as well as website and email of the Company changed inreporting period or not

□ Applicable √ Not applicable

Registrations address, offices address and codes as well as website and email of the Company has no change inreporting period, found more details in Annual Report 2024.(II) Information disclosure and preparation placeWhether information disclosure and preparation place changed in reporting period or not

□ Applicable √ Not applicable

The newspaper appointed for information disclosure, website for semi-annual report publish appointed by CSRCand preparation place for semi-annual report have no change in reporting period, found more details in AnnualReport 2024.(III) Other relevant informationWhether other relevant information has changed in reporting period or not

□Applicable √Not applicable

IV. Main accounting data and financial indexesWhether it has retroactive adjustment or re-statement on previous accounting data or not

√Yes □No

Retroactive adjustment or restatementMergers under the same control

Note: In October 2024, the Company acquired 99% of the equity of Hefei Changhong Industrial Co., Ltd.(hereinafter referred to as "Hefei Industrial") held by the controlling shareholder Sichuan Changhong Electric Co.,Ltd. with its own funds; Hefei Meiling IOT Technology Co., Ltd., a subsidiary, acquired 1% of the shares of HefeiIndustrial held by Sichuan Changhong Innovation Investment Co., Ltd., a subsidiary of Sichuan Changhong, withits own funds. On November 20, 2024, Hefei Industrial has completed the industrial and commercial changeregistration procedures for the change of shareholders of the company, and obtained the "Registration Notice"issued by the Market Supervision and Administration Bureau of Hefei Economic and Technological DevelopmentZone, Anhui Province. After the completion of the equity transfer, the Company holds 100% of the equity of HefeiIndustrial. According to the relevant provisions of the No. 33 Accounting Standard for Business

Enterprises-Consolidated Financial Statement, the parent company shall adjust the opening number of theconsolidated statement and at the same time shall adjust the relevant items of the comparative statements due tothe addition of subsidiaries and businesses due to the business combination under the common control during thereporting period, so as to treat the consolidated reporting entity as having existed since the time when the ultimatecontroller began to control. Accordingly, the opening numbers and the numbers of the same period of the previousyear have been restated.V. Accounting data difference under domestic and foreign accounting standards(I) Difference of the net profit and net assets disclosed in financial report, under both IAS (InternationalAccounting Standards) and Chinese GAAP (Generally Accepted Accounting Principles)

□ Applicable √ Not applicable

The Company has no difference of the net profit and net assets disclosed in financial report, under both IAS(International Accounting Standards) and Chinese GAAP (Generally Accepted Accounting Principles) in reportingperiod.(II) Difference of the net profit and net assets disclosed in financial report, under both foreign accountingrules and Chinese GAAP (Generally Accepted Accounting Principles)

√ Applicable □ Not applicable

In RMB

The Company had no difference of the net profit or net assets disclosed in financial report, under either foreignaccounting rules or Chinese GAAP (Generally Accepted Accounting Principles) in the period.(III) Reasons for the differences of accounting data under accounting rules in and out of China

√ Applicable □Not applicable

The “Notice of Relevant Issues of Audit for Company with Domestically Foreign Shares Offering” was issuedfrom CSRC dated 12 September 2007, since the day issuing, cancel the previous “dual audit” requirement forcompanies who offering domestically listed foreign shares (B-share enterprise) while engaging securities practicequalification CPA for auditing. The Company did not compile financial report under foreign accounting rules

since 2007, the financial report of the Company is complying on the “Accounting Standard for BusinessEnterprise” in China, and therefore, there are no differences of accounting data under accounting rules in and outof China at period-end.VI. Items and amounts of non-recurring profit (gains)/losses

√ Applicable □ Not applicable

In RMB

Details of other gains/losses items that meets the definition of non-recurring gains/losses:

□ Applicable √ Not applicable

There are no other gains/losses items that meet the definition of non-recurring gains/losses in the Company.Explain the items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/lossin Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public

--- Extraordinary Profit/loss

□ Applicable √ Not applicable

There are no items defined as recurring profit (gain)/loss according to the lists of extraordinary profit (gain)/lossin Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public--- Extraordinary Profit/loss.

III. Management Discussion & AnalysisI.Main businesses of the company engaged in during the Period

The Company is one of the important electrical appliance manufacturers in China, with four domesticmanufacturing bases in Hefei, Mianyang, Jingdezhen, and Zhongshan, as well as overseas manufacturing bases incountries such as Indonesia. After more than 40 years of development, the Company has evolved from a singlerefrigerator product line to a new multi-category collaborative ecosystem encompassing refrigerators (freezers),air conditioners, washing machines, major kitchen appliances, small home appliances, and biomedical cryogenicstorage equipment.

The Company is a national level benchmark enterprise for technological innovation, carefully building itscore competitiveness through technological and product innovation. With the advanced R&D team and advancedtechnology accumulation, Meiling has made continuous breakthroughs in terms of intelligence, preservation, thinwall, odourlessness, energy saving, air cooling, deep cooling, simulation, ultra-thin, cleaning and clothing care.The Company has a comprehensive system for technological innovation and quality control. Based oninternational management system certifications such as ISO9001 and ISO14001, and relying on multiple nationallevel core platforms and qualifications, The Company possesses a National-level Enterprise Technology Center, aNational-level Industrial Design Center, and holds titles including National Technology InnovationDemonstration Enterprise, National Industrial Product Green Design Demonstration Enterprise, and NationalPostdoctoral Research Workstation. It has also established a 5G Industrial Internet Innovation Application Laband founded Anhui Province's first RoHS Public Testing Center, Anhui Green & Energy-Efficient RefrigeratorEngineering Technology Research Center, Anhui Energy-Saving & Freshness-Preserving Green RefrigeratorEngineering Research Center, and Anhui Smart Home Appliance Manufacturing Innovation Center, ensuringfull-chain quality assurance in R&D and manufacturing. In addition, the Company also operates provincial-levelinnovation platforms such as the Anhui Green & Energy-Efficient Refrigerator Engineering Technology ResearchCenter. It has also obtained industry-leading certifications, including AAA-Level Excellence in the UpgradedIntegration of Informatization and Industrialization Management System and a spot among China's Top 50Industrial Digitalization Leading Enterprises, further strengthening its technological leadership, R&D efficiency,and smart manufacturing capabilities.

In recent years, the Company has won multiple national honors such as the "Smart Refrigerator IntelligentManufacturing Pilot Demonstration Project", "National Green Factory", "National Quality Leader in HomeAppliances", "National Technology Innovation Demonstration Enterprise", and "ChinaIndustry-University-Research Collaborative Innovation Demonstration Enterprise". In 2025, the Ministry ofIndustry and Information Technology (MIIT) announced the first batch of "China Consumer Premium Brands",and Changhong Meiling was successfully selected. Furthermore, the Company has won multiple technologicaland product innovation honors with its strong innovation, products, and brand influence. Multiple Meilingproducts have repeatedly won multiple domestic awards, continuously demonstrating the brand ability and

strength in intelligent innovation and technological prowess.Since 2025, the Company's M-Fresh Premium Five-Door Refrigerator (511WQ6F) featuringindustry-leading "Fresh-Lock" Technology (Water Molecule Activation Preservation) has won the AWEInnovation Award for its groundbreaking innovation that extends rose preservation to 33 days, driving industryupgrades in fresh-keeping technology; Meiling's newly launched Slim Zero-Embed Refrigerator(BCD-507WPU9CDZX/BCD-503WPU9CDZX) received the prestigious iF Design Award; Meiling 10KGFlush-Embedded As Hand Washing Drum Washer (RS21H100D/RS11H100D) was certified as a "Good Product"by China Household Electric Appliance Research Institute (CHEARI); Its Living Room Pro Shared AirConditioner achieved "Annual Energy-Saving & Low-Carbon Product" recognition from Chinese Association ofRefrigeration (CAR) for its ultra-grade-I efficiency (APF 5.20) and AI cloud energy-saving technology, saving759kWh/year and reducing 757kg carbon emissions per unit, and setting the new "Smart Cooling & Low-Carbon"industry benchmark with its green design; Meiling's Gas Water Heater (JSQ30-MR-BS16A3) won dual 2025Feiting Quality Awards for "Energy Efficiency Benchmark" and "Usage Comfort"; Meiling Range Hood(CXW-188-MY-KD615Pro) secured two 2025 Feiting Quality Awards for "Low-Noise Benchmark" and"Power-Saving Benchmark".The Company has continuously achieved breakthrough results in the fields of refrigerators, freezers, washingmachines, air conditioners, major kitchen appliances, small home appliances and biomedicine, progressivelyestablishing a dominant industrial matrix centered on large white goods. Looking ahead, the Company will adhereto the business policy of "innovation-driven development, resource integration, industrial synergy, andinternal-external convergence" to continuously lead industry upgrading and strengthen market foundations.During the reporting period, the Company's revenue was primarily generated from its refrigerator (freezer),air conditioner, washing machine, major kitchen appliance, small home appliance, and biomedical equipmentbusinesses, with a total revenue reaching RMB 17.93 billion, accounting for 99.24% of the Company's totaloperating income.II. Core Competitiveness Analysis

(I) Brand influenceThe Company is one of the well-known electrical appliance manufacturers in China, with a comprehensiveindustrial portfolio covering refrigerators, freezers, air conditioners, washing machines, major kitchen appliances,small home appliances, and biomedical equipment.In 2025, the Company continues to implement its "Brand Revitalization" strategy, adhering to the brandproposition of "Beautiful China, Fresh Meiling," while focusing on its development strategy of "Product StrengthDrives Brand Power", thus achieving the dual-engine drive of brand elevation and product innovation. Bydeveloping the freshest products, it will aim to plant the seed of "freshness" in consumers' minds, mold the brandassociation of "Meiling = Fresh" in consumers' mind, enhance brand awareness, reputation and loyalty, and fulfill

the brand mission of "Meiling, Bringing Goodness to Life". The Company enhances brand promotion, expandsbrand communication channels, innovates brand marketing methods, and upgrades the quality of brand operationcontent. It implements targeted brand advertising in subways, light rails and airports to enhance brand awareness,conducts nationwide agricultural support initiatives through social welfare programs to boost brand reputation,comprehensively upgrades content operations and precision marketing capabilities by deeply deploying localizedlifestyle services on Douyin and executing multi-dimensional advertising/content seeding on Xiaohongshu,ultimately achieving effective improvement in brand awareness, reputation and loyalty through refined operationsand high-efficiency reach across its new media matrix.

The Company adheres to a "user-centric" philosophy, driving brand value transformation throughtechnological leadership. The company has successively launched innovative products such as FrozenFresh AIRefrigerator, As Hand Washing Flush-Embedded Drum Washing Machine, Panda Lazy Ultra Air Conditioner,Fresh Water 2.0 Tea Dispenser, and 580L Ultra-Low Temperature Medical Refrigerator, continuously extendingits industrial chain, optimizing its product structure, and effectively enhancing its core brand competitiveness.Looking ahead, Meiling will continue upholding its brand proposition of "Beautiful China, Fresh Meiling",leveraging an integrated communication matrix encompassing new media promotion, user co-created content,subway advertising campaigns, and experiential brand marketing to embed its fresh brand philosophy intoconsumers' hearts worldwide - Meiling, Bringing Goodness to Life.(II) Product CapabilityThe Company has built a whole-chain innovation system of "Technical route + Product route + Promotionroute", and created a "Three-in-one" strategic layout, driving industrial development with technologicalinnovation. It has established an integrated collaborative mechanism for the entire chain of "sales, research,production, and supply", which enhances the success rate of product launch and the value contribution within theproduct lifecycle through team collaboration at various stages. By optimizing inefficient SKUs and reallocatingchannel and retail resources, the Company focuses on developing blockbuster products to improve SKUefficiency.

For refrigerator products, Meiling adheres to the product planning philosophy of "captivating with aesthetics,earning respect through quality, winning with value-for-money, and securing loyalty via experience", focusing onthree core pillars: freshness technology iteration, integrated home appliance design, and AI vertical applications.By establishing a comprehensive product platform matrix, upgrading exterior/interior designs, and implementingtiered freshness/odor-removal solutions, the Company meets diverse consumer needs, enhances product portfoliocompetitiveness, and expands market coverage to drive sales growth. The Company's FrozenFresh505WSPU9BDZ Refrigerator, M-Fresh Ultra502WQ7F Refrigerator and other refrigerator products haveinnovatively applied "AI Self Optimization Technology", deeply integrating AI technology with traditionalrefrigeration technology through dynamic learning and optimization of artificial intelligence. Through intelligentalgorithm optimization, these refrigerators can automatically adjust to optimal operating modes based on food

types, quantities, and both internal/external environmental conditions, featuring self-learning and self-evolvingcapabilities that deliver personalized experiences, ultimately achieving continuously improved freshnesspreservation, progressively reduced noise levels, and increasingly enhanced energy efficiency throughout productusage, deeply responding to consumers' diverse needs and willingness to upgrade, comprehensively consolidatingits industry leadership in "fresh, thin, narrow, and embedded design". For refrigeration products, the Company hasinitiated a comprehensive inverter technology upgrade across its entire range; strategically launched the M-FreshBar Freezer and FrozenFresh Upright Freezer series to meet premium consumption demands, developingfrost-free door models, smart panel series, and high-freezing-capacity freezers, while innovatively developing theFrozenFresh Upright Freezer with constant-temperature fresh-freezing technology and the industry's first invertercommercial kitchen freezer, all dedicated to creating "the industry's best preservation freezers".

For air conditioner products, the Company remains committed to its user-centric approach by focusing onproduct competitiveness enhancement through R&D investment increase and innovation, introducing new smart,energy-efficient, health-conscious and comfort-optimized models to the market. In the first half of 2025, theCompany launched several new products including the "Landscape View"-EA wall-mounted unit,"Living/Dinning Room Pro"-BFB floor-standing unit, and "Giant Energy Saving PRO"-BEW/BGWfloor-standing series. These innovations incorporate advanced intelligent technologies such as "Online/OfflineVoice+DEEPSEEK" and "AI Cloud Energy Saving" to deliver superior smart experiences with up to 42% energyefficiency improvement; are featured by health-focused technology including"Temperature-Humidity-Oxygen-Purification" and "Auto-Cleaning for Indoor/Outdoor Units", creating a"Immersion in Nature" healthy living experience; and apply "Long-distance Projection + Proximate Softness" &"Micro-diffused Gentle Airflow" technologies, ensuring draft-free cooling comfort for users.For washing machine products, the Company consistently adheres to a user-centric philosophy andhigh-quality differentiation strategy, driving product innovation through technological advancement. It is furtheroptimizing its product portfolio by establishing a comprehensive "wash-dry-care" product matrix to promotehigh-quality sustainable development in the washing machine industry. For domestic sales, the Companyleverages its competitive edge in ultra-slim large-drum design to comprehensively popularize fully-flushembedded washing machines, while continuously enhancing the product competitiveness of its "As HandWashing", "BlueOxygen As Hand Washing", "Blue Oxygen Care Dryer" and "Hercules" product series. Forexports, the Company is further enriching and optimizing its overseas product platform by strategically deployinghigh-efficiency products globally, developing new-design drum washers and expanding product lines to enhancecompetitiveness, meet diverse customer needs, and simultaneously improve product premiumization capabilities.

For major kitchen appliances and small home appliances, the Company maintains strategic focus on coreproduct lines while strengthening R&D capabilities and optimizing product structures. In major kitchenappliances, the Company concentrates on gas water heaters, continuously advancing technological innovation.following the Honeycomb Energy Chamber 2.0, it has introduced the 3.0 Honeycomb Sealed Stable-CombustionEnergy Chamber technology, significantly enhancing corrosion resistance. The product also incorporates

Micro-Flame and inverter technologies to improve user experience, delivering eco-friendly energy efficiency withconsistent comfort performance. For small home appliances, the Company continues to focus on its core teabeverage product line, driving technological innovation and core technology research to strengthen its "MeilingFresh Water" product as an industry benchmark and trendsetter. In 2025, the Company collaborated with ChinaUniversity of Geosciences (Wuhan) to develop second-generation strontium-rich mineralization core technology,successfully creating an advanced second-generation strontium-rich mineral filter that supplements zinc andmetasilicic acid alongside strontium enrichment. Having completed technical research and testing verification inthe first half-year, the Company will launch tea dispensers and water purifiers incorporating this breakthrough

technology in the second half of the year.In the field of biomedicine, the Company upholds its brand philosophy of "delivering core value to usersthrough products", maintaining product-focused excellence and user-centric service. Through continuous productinnovation and quality upgrades, the Company provides professional full-scenario solutions, building a safe andreliable brand image while consistently expanding its market influence. The Company focuses onlow-temperature storage, laboratory equipment, and automation applications, driving product upgrades throughtechnological innovation. In the field of cryogenic storage, the Company continues R&D focusing on"intelligence, energy efficiency, safety, and scalability", introducing product series including intelligent inverterrefrigerators, -40°C frost-free cryogenic storage units, explosion-proof lab refrigerators, inverter ultra-lowtemperature freezers, high-capacity blood storage refrigerators, and wide-diameter liquid nitrogen biologicalcontainers, which significantly improve storage efficiency and safety and effectively meet the growing diversifiedsample storage needs; In the field of laboratory equipment, supported by cutting-edge refrigeration and precisiontemperature control technologies combined with intelligent automatic technology, the Company has upgradedbiosafety cabinets and centrifuges with differentiated features, continuously perfecting its lab product matrix toenhance market competitiveness; In the field of automation applications, the Company strategically focuses onfully-automated ultra-low temperature storage systems and biobank solutions, achieving automated biobankupgrades and precise biological sample access through technological innovation, dramatically improving samplestorage quality and efficiency and meeting the stringent requirements of precision medicine.(III) Operational capabilityThe Company continues to improve its operational management system guided by strategy and centered onvalue creation, and effectively drives the achievement of business objectives and quality improvement throughdeep linkage of objective management, value chain collaboration, comprehensive budget and performancemanagement. In terms of objective management, the Company strictly aligns with strategic and business policies,establishing a closed-loop mechanism of "target setting-process monitoring-deviation correction-resultevaluation" following SMART principles to drive continuous improvement in operational quality; In terms ofvalue chain management, it clarifies authority-responsibility-benefit boundaries across business units to fullyactivate internal vitality while strengthening collaboration throughout the industrial chain, building an integrated,efficient operating mechanism with aligned objectives, streamlined processes, and co-created value; In terms of

budget management, it implements comprehensive closed-loop control throughout the budgeting process,adopting dynamic budget adjustments and rolling forecast mechanisms to provide precise, timely financialsupport and decision-making basis for resource allocation optimization, risk prevention, and strategic goalachievement; In terms of performance management, it advances whole-process performance application,enhances communication and feedback mechanisms to effectively align employee growth with corporatedevelopment, fully stimulate value creation momentum, and drive business unit performance fulfillment.(IV) Marketing capabilityIn the domestic market, the Company continuously enhances its sales network and service systems toprovide premium customer service, driving scalable expansion through four strategic pillars of "innovativesuper-product development, precision channel operations, tiered regional upgrades, and focused brand-building".In terms of products, the Company focuses on introducing differentiated trend products, amplifying productmindshare through integrated online-offline campaigns to promote premium offerings. In terms of channels, itadheres to a tiered high-quality operation approach, increasing investment in high-potential channels to scale upbusiness, consolidating existing channel foundations, and strategically developing emerging channels. In terms ofmarket, it implements a user-oriented approach, strengthening brand building and content operations. In terms oforganization, it resolutely drives marketing transformation and accelerates new retail capability enhancement.In the overseas market, for B2B business, the Company focuses on "customer-centered, market-oriented"principles to continuously strengthen internal capabilities. Aligning with international business characteristics, itaccelerates digital deployment while enhancing critical service support competencies in quality, delivery, samples,parts and certification. The Company's B2C business focuses on key strategic home markets, strengthensindustrial synergy, and builds robust core channels, while enhancing brand building through both offline terminalsand online new media platforms. In terms of operation, the Company deepens its "production-to-inventory"strategy in operations to enhance turnover and operational efficiency, increases the CIF ratio while developingdiversified logistics solutions including sea-rail intermodal transport, and strengthens international shippingcapabilities across product lines; In terms of products, it maintains differentiated positioning for mainstreamproducts, optimizes its portfolio by expanding peripheral offerings in core laundry and refrigeration sectors, andlaunching new products such as dryers; In terms of management, it implements a project-based approach, formingcross-functional teams for both mature and emerging markets, integrating strategic insights, competitive analysis,internal initiatives, value chain optimization, and information alignment to build an agile market-responsivemechanism.III. Main Business Analysis

(1)Overview

Whether consistent with the Company's core business disclosure during the current reporting period

□Yes √No

Facing intense competition in the home appliance market, the Company steadfastly implements its businesspolicy of "innovation-driven development, resource integration, industrial synergy, and internal-externalconvergence". In the first half of 2025, the Company achieved year-on-year growth in revenue scale, improvedprofitability, and healthy development.

(2) Progress of the company's development strategy and business plan during the reporting period

During the reporting period, the Company carried out business development according to its business policyof "innovation-driven development, resource integration, industrial synergy, and internal-external convergence",while actively advancing the implementation of its business plans.

1. Refrigerator/Freezer industry

In the domestic market, the Company adheres to a value-oriented strategy by transitioning from businesscustomers to business users, acquiring users through "digital platforms, grassroots and omnichannel scenariomarketing", while driving conversion via "premium product evaluation, flagship model promotion, and precisionoperations" to achieve integrated online/offline traffic convergence. On the channel front, the Company isfocusing on integrated refrigerator-washer-kitchen solutions, transitioning from standalone appliance operationsto complete white goods suite offerings; On the product front, it adheres to an emotion-driven marketing approachthat guides product design, adhering to the user-centric approach, to build a differentiated product portfolio.

In terms of overseas markets, the Company leverages its industrial layout advantages to enhance operationalefficiency of single product via global coordination, enrich product offerings via domestic-international synergies,strengthen customer retention via refrigerator-washer product integration, and expand market coverage viaindustrial collaboration. Focusing on market breakthroughs, the Company targets segmented demand bydeveloping differentiated, compact upright freezer series and launching customized products like large-capacityfreezer lines, achieving "localized design" while maintaining a "globalized platform" strategy. On the marketingfront, the Company is strengthening market capability development by fully leveraging its integrated R&D andsupply chain advantages, along with synergistic domestic sale/export operations, to drive sustainable businessgrowth.

During the reporting period, the Company's refrigerator (freezer) business realized an income of about RMB

4.415 billion, with a year-on-year decrease of 4.17%.

2. Air conditioning industry

In terms of domestic market, the Company consistently implements its core business strategy of "productexcellence, brand prioritization, channel co-creation, and direct-to-consumer", maintaining developing focus andfocused development to drive healthy, sustainable industry advancement. In terms of brand building, theCompany has evolved from "product-driven" to "dual-engine drive of brand and product strategies", continuouslystrengthening product iteration, event marketing, self-operated media, and social media seeding to reinforce thebrand perception of "engineering excellence and comfort in every degree". On the product front, the Company

focuses on industry trends, strengthens technological innovation, and rapidly iterates its product portfolio to meetevolving market and user requirements. The company is (I) enhancing R&D and application of intelligenttechnologies including DEEPSEEK, AI Cloud Energy Saving, and AI Voice, while (II) maintaining its"aesthetics-first" principle to drive CMF innovation and application, achieving significant improvements inproduct appearance and texture. In terms of channels and direct-to-consumer operations, the Company maintainsintegrated online-offline operation while continuously expanding into untapped markets, increasing retailcoverage, and advancing its "all-in-one delivery-installation-service-recycling" system to enhance userexperience.

In terms of overseas markets, the Company consistently executes its five-pillar business strategy of "qualityfoundation strengthening, brand momentum building, production capacity synergy, operational efficiencyenhancement, and talent excellence cultivation", to drive sustainable business growth. In terms of brand building,the Company resolutely implements its brand-first development strategy, concentrating on deep cultivation of itsSoutheast Asian brand strategic home markets to achieve sustained consolidation of brand foundations. In termsof market layout, the Company prioritizes deepening collaboration with key accounts, achieving further scaleexpansion among its TOP15 customers in the first half-year; It simultaneously strengthens mid-tier customerpartnerships to establish stable growth pillars, while actively developing emerging accounts to solidify thefoundation for future performance growth.During the reporting period, the Company's air-conditioning business realized an income of about RMB

11.575 billion, with a year-on-year increase of 36.18%.

3. Washing machine industry

In the washing machine sector, the Company consistently implements its business strategy of "focusedbreakthroughs with systemic integration", driving progress through product innovation as the core whileestablishing market-oriented, user-centric, and manufacturing-optimized development structures. The companymaintains its user-centric approach by continuously developing high-quality products that meet consumer needs,while simultaneously driving technological upgrades and efficiency improvements to rapidly expand productioncapacity for timely deliveries. With the goal of building smart digital factories, it has commenced the constructionof the new Mianyang plant. Additionally, it strengthens its core talent development through human-orientedinitiatives. In the domestic market, the Company focuses on strategic home markets and core channels, primarilypromoting differentiated products such as the As Hand Washing series, BlueOxygen Wash-Dry-Care sets, andHercules line, while comprehensively popularizing fully-flush embedded models to strengthen competitiveadvantages and enhance operational quality. In overseas markets, the company Concentrates on key regions andkey accounts with focus on resource allocation, driving scale and profitability growth through productcustomization, high-efficiency development, and optimized product-platform deployment in core areas.

During the reporting period, the Company's washing machine business realized an income of aboutRMB 1.040 billion, with a year-on-year increase of 32.70%.

4. Major kitchen appliance and small home appliance industry

In the major kitchen appliance and small home appliance sector, the Company executes a three-prongedstrategy of transformation, focus, and efficiency enhancement, yielding substantial improvements. In terms ofstrategy, the Company continues to drive industrial convergence, while in terms of market, it reinforces strategichome market development. The Company accelerates its omnichannel integration strategy, enhancing onlineexperiences through digital marketing and platform collaborations while establishing scenario-based offlinestores, achieving synchronized cross-channel inventory sharing and consumer mode convergence. In terms ofproduct innovation, technological advancements have driven the successful launch of the second-generationFresh Water Series, achieving remarkable market performance. In terms of market services, the Companymaintains its user-centric approach, with management platforms enabling rapid response capabilities whilecontinuously enhancing the professionalism of after-sales teams and the customer satisfaction.During the reporting period, the Company's kitchen, bathroom and household appliance businessrealized an income of about RMB0.699 billion, with a year-on-year decrease of 6.14%.

5. Biomedical industry

In the domestic market, the Company continues to advance user-centric channel reform and restructuring,deepen horizontal expansion and vertical penetration of segmented market networks, focus on key accounts andoptimize channel architecture, significantly enhancing user coverage; Through its "market segmentation +scenario-based engagement" approach, the Company taps into the user demands and strengthens productcompetitiveness. The company has launched "LingXin Service" nationwide maintenance campaign andafter-sales skills enhancement initiative to elevate customer satisfaction through professional services;Simultaneously, it strengthens brand penetration in academic scenarios by establishing university scholarshipsand deepening industry-academia collaboration.

In terms of overseas markets, it continues to strengthen its channel foundation and build a morecomprehensive channel network. The company focuses on emerging market breakthroughs through multi-channelpromotion such as international trade shows and on-site visits to amplify market presence of both flagshipproducts and strategic new products; Concurrently, it strengthens local layout for key accounts, optimizes deliveryefficiency and service excellence, builds a loyalty-driven global distribution network anchored in cooperation andmutual success.

During the reporting period, the Company's biomedical business realized an income of about RMB 0.149billion, with a year-on-year increase of 3.89%.

(3)Y-o-y changes in the key financial data

In RMB

(4)Major changes on profit composition or profit resources in reporting period

□ Applicable √ Not applicable

No major changes on profit composition or profit resources occurred in reporting period

(5) Constitute of operation revenue/income

In RMB

(6)The industries, products or regions that accounting for over 10% of the Company’s operating revenueor operating profit

√Applicable □ Not applicable

In RMB

Under circumstances of adjustment in reporting period for statistic scope of main business data, adjusted mainbusiness based on latest one year’s scope of period-end

□ Applicable √ Not applicable

IV. Analysis of the non-main business

√ Applicable □Not applicable

In RMB

V. Analysis of assets and liability

(1) Major changes of assets composition

In RMB

(2) Main overseas assets

□ Applicable √ Not applicable

(3) Assets and liability measured by fair value

√Applicable □ Not applicable

In RMB

Other changes:

Other change of Trading financial assets mainly due to the provision of income from financial products; other change of rreceivable financing due to the decrease innote receivable with the objective of both collecting contractual cash flow (collections) and selling (endorsement or discounting)Other changes in other non-current financial assets are caused by the recovery of the cost of Sichuan Hongyun New Generation Information Technology VentureCapital Fund Partnership Enterprise (Limited Partnership).

Whether there have major changes on measurement attributes for main assets of the Company in report period or not

□Yes √ No

(4) Assets right restricted ended as reporting period

Ended as the reporting period, the Company has no major assets been closed down, detain, freeze or pledge and guarantee. As for other assets have restriction onrights found more in relevant content of “25. Assets with restricted ownership or use rights” in “V. Note of consolidate financial statement” carried under Section VIII.Financial ReportVI. Investment analysis

(1) Overall situation

√Applicable □ Not applicable

(2) The major equity investment obtained during the reporting period

√Applicable □ Not applicable

In RMB

(3)The material non-equity investment during the reporting period

□Applicable √ Not applicable

(4)Financial assets investment

1. Securities investment

□ Applicable √ Not applicable

The Company had no securities investment in the reporting period.

2. Derivative investment

√Applicable □ Not applicable

(1) Derivatives investment for hedging purposes during the reporting period

√ Applicable □ Not applicable

In RMB 10,000

(2)Derivative investments for speculation during the reporting period

□ Applicable √ Not applicable

The Company had no derivative investment in the reporting period.

(5)Application of raised proceeds

□ Applicable √ Not applicable

The Company had no Application of raised proceeds in the reporting period.VII. Sales of major assets and equity(i) Sales of major assets

□Applicable √ Not applicable

No major assets are sold in the period(ii) Sales of major equity

□Applicable √ Not applicable

VIII. Analysis of main holding company and stock-jointly companies

√ Applicable □Not applicable

(1) Particular about main subsidiaries and stock-jointly companies net profit over 10%

In RMB

(2) Subsidiary obtained and disposed in the period

√ Applicable □Not applicable

(3) Description of the holding company and stock-jointly companies

□Applicable √ Not applicable

During the reporting period, the company has no important information of the holding or shareholdingcompany that should be disclosed.IX. Structured entity controlled by the Company

□Applicable √ Not applicable

X. Risks and countermeasures

(1) Possible risks and countermeasures

With the diminishing marginal effects of national subsidies and anticipated significant downward pressureon China's major home appliance market in the second half-year, compounded by unfavorable real estate trendsand trade war uncertainties, weakened consumer confidence is expected to intensify industry competition. In thesecond half of 2025, the Company will face multidimensional challenges including intensified industrycompetition, demand contraction risks, currency fluctuations, volatile commodity prices, ongoing trade conflicts,and geopolitical uncertainties.

1. Intensified industry competition and demand contraction risks

Currently, the domestic large home appliance sector operates in a stock-based competition phase,characterized by severe product homogenization and lack of new consumption catalysts. While the 2024 homeappliance trade-in policy partially stimulated demand, its 2025 industry impact remains uncertain, potentiallyleading to consumption slowdown risks. The Company will closely monitor the implementation of national homeappliance consumption stimulus policies, while continuously enhancing product quality and cost competitiveness.Through forward-looking product planning and market strategy development, it aims to secure greater marketshare.Currently, the domestic large home appliance sector operates in a stock-based competition phase,characterized by severe product homogenization and lack of new consumption catalysts. While the 2024 homeappliance trade-in policy partially stimulated demand, its 2025 industry impact remains uncertain, potentiallyleading to consumption slowdown risks. The Company will closely monitor the implementation of national homeappliance consumption stimulus policies, while continuously enhancing product quality and cost competitiveness.Through forward-looking product planning and market strategy development, it aims to secure greater marketshare.

2. Exchange rate fluctuation risk

Given potential significant exchange rate fluctuations arising from evolving global dynamics, the Companyadopts prudent exchange operations from a risk-averse, stable-operation perspective, with ongoing closemonitoring of exchange rate fluctuations to minimize adverse impacts of exchange rate fluctuations .

3. Risk of fluctuations in bulk material prices

The main raw materials of the Company's products are steel, copper, aluminum, plastics and chemicalmaterials, etc. If the prices of bulk raw materials fluctuate greatly, the related costs of the company will alsochange accordingly, which will have a certain impact on its operating performance. The Company will continue topay attention to the price fluctuation of bulk materials and take timely measures to deal with risks and reduce theimpact of price fluctuations.

4. Trade frictions and geopolitical impacts

The Company pays close attention to the impact of international trade frictions and geopolitical uncertaintieson its global business. On the one hand, it actively explores the market, and on the other hand, it makes relevantplans in advance, takes various risk response measures, responds quickly, and mitigates the impact.

(II) Business plan for the second half of the year

In the second half of 2025, the Company will continue to drive industrial development with innovation, assistthe industrial matrix with resource integration, strengthen industrial synergy, consolidate market foundation,accelerate company development through internal and external integration, develop new quality productivity,

promote digital and intelligent transformation and upgrading, and accelerate the realization of high-qualitydevelopment of the Company. In 2025, the Company aims to realize dual growth in both scale and profitability,maintaining a virtuous development trend of profitable expansion. The main work is as follows:

1. Refrigerator/Freezer industry

In the domestic market, the Company advances its "marketing transformation and direct-to-consumer"strategy through "high-value customer engagement and omnichannel user operations", retail transformation viadifferentiated innovation. In terms of products, the Company comprehensively launches its M-Fresh productseries, anchoring consumer perception around "unparalleled freshness preservation and quality thawing" toreinforce the brand identity of "Meiling - Master of Freshness", while focusing on promoting differentiatedofferings such as the "Great Whale Surprise, Big Frozen Room, Little Certainty, As Hand Washing" with uniquevalues. In terms of markets, the Company adopts a user-focused approach by implementing its user operation of"digital platforms, grassroots, triple excellence assessment, and flagship model promotion", while intensifyingteam training on traffic operations and continuously enhancing new media capabilities. In terms of channels, theCompany adheres to premium operations by strengthening existing channel competencies, expanding emergingchannel footprints, accelerating retail transformation for flagship stores, optimizing SKU and inventory efficiency,while deepening industry convergence to advance integrated home solutions. It strengthens brand building,accelerates integrated traffic operations and user ecosystem capabilities, increases brand investment to drivebrand growth through product excellence, regional expansion, and online/offline synergy.In the overseas market, the company is restructuring its product platform for core markets throughmainstream portfolio realignment, while implementing differentiated positioning strategies for homogenizedproducts and continuously increasing product investments. It closely aligns with worldwide consumption upgradetrends by strategically promoting "air-cooled, inverter, multi-door, and energy-efficient" trendy products, whileestablishing a tiered portfolio of "premium high-end, value-driven mid-range, and efficiency-optimizedentry-level" offerings to precisely meet diversified market demands. In terms of business expansion, the Companyis accelerating its layout in Asia, Africa, and Latin America to actively develop new growth opportunities andachieve sustained market share growth; By establishing brand market in key markets, it is accelerating the scaleddevelopment of its overseas proprietary brand operations to cultivate internationally recognized brand image.

2. Air conditioning industry

In the domestic market, the Company will implementing targeted offline promotions while using heroproducts to drive sustained online traffic growth; For product development, it makes proper plans based on theconsumer-centric and innovation-driven approach, with enhanced R&D-to-market alignment to ensuresubsequent product launch and reinforce "tech-advanced" and "smart" product positioning; For channels, it adoptsdiversified synergy, building a mutually beneficial ecosystem through offline quality-efficiency improvementsand online tiered precision operations; It carries out nationwide marketing transformation to shift focus from B2Bto B2C, transitioning from "product-to-customer" to "product-to-user".

In the overseas markets, the Company enhances its product portfolio and accelerates platform-baseddevelopment to meet customer requirements, implementing agile market-following tactics to capture first-moveradvantages; Focusing on Latin America, the Middle East, and Europe, it deepens engagement with regional keyaccounts through end-to-end customer lifecycle service system to strengthen partnership loyalty; It makesstrategic initiatives targeting European and Central Asian markets while capitalizing on Africa's emergingopportunities to drive incremental growth; With brand-first prioritization, it intensifies strategic home marketcultivation to sustain proprietary brand business expansion.

3. Washing machine industry

In terms of products, based on market and user demand trends, the Company prioritizes high-capacityproduct development by expanding its large-capacity portfolio, enhancing the "As Hand Washing" and"BlueOxygen Series" lineups while iteratively upgrading the "Hercules" collection and enriching its heat pumpdryer offerings to continuously strengthen mindshare-dominant product competitiveness. It is extending itssmall-to-medium capacity drum washer lineup while developing inverter-powered pulsator washer. By upgradeand optimization in appearance, function and performance, it comprehensively elevates its overseas productcompetitiveness. By persistent technological upgrades and lean management system introduction, it drivesproduction capability enhancement. It is expediting the construction of its intelligent digital factory for washingmachines in Mianyang. It continuously strengthens the construction of its talent team and comprehensivelyenhances the capabilities of R&D, quality assurance, manufacturing and delivery. In terms of market, theCompany is advancing channel capability development domestically through co-marketing initiatives with keyaccounts, combined with new media operation and promotion to drive online/offline brand integration. In globalmarket, the Company enhances cross-regional industrial collaboration while optimizing its overseas drum washerportfolio through new product launches to further improve profitability.

4. Major kitchen appliance and small home appliance industryr

In the major kitchen appliance and small home appliance sector, the Company adheres to a three-prongedstrategy of transformation, focus, and efficiency enhancement, and continuously carries out operations. In termsof products, the Company deepens R&D and application of "Fresh Water" and AI technologies, progressivelylaunching "Fresh Water" kitchen appliances and smart range hoods and cooktops, and gas water heaters tocultivate a "Fresh" and "Smart" product identity. In terms of market, the Company insists on strategic homemarket development by establishing scenario-based stores, collaborating with Changhong and Meiling to deliverintelligent kitchen solutions, while deepening user awareness through online digital communication matrix andenhancing delivery and installation service to elevate consumer experiences.

5. Biomedical industry

The Company focuses on the field of life sciences, adheres to the business philosophy of "technology-based,product-based, market-oriented and customer-centered", and based on "focusing on the sample ecology, verticallydeepening the whole chain of automation; Based on the life science, and horizontally expanding the field of

laboratory general equipment", it continues to promote the construction of market channels, expand the productmatrix, enhance operational capabilities, and strive to improve operational efficiency.In terms of market expansion, the Company focuses on customer requirements, strengthens its servicephilosophy, and enhances its market competitiveness. Guided by a market-oriented approach, the Companycontinues to deepen its presence in the domestic market by optimizing its channel system and enhancing usercoverage; It also accelerates overseas market expansion by adhering to the strategy of "scaling up existingcustomers and aggressively developing new customers", to build a more robust and comprehensive distributionnetwork. It drives synergistic efforts both internally and externally to achieve leapfrog development that balancesboth scale and quality. In terms of product expansion, the Company focuses on cryogenic storage solutions,deepens low-temperature refrigeration technology, vigorously expands new product lineup, achieves productsynergy, further enriches biobank, laboratory and other application scenario solutions, and comprehensivelyenhance its product competitiveness. In terms of operational efficiency enhancement, the Companycomprehensively advances lean management, implements organizational flattening reforms and digitaltransformation updates to drive holistic improvement in operational quality and effectiveness. At the same time,the Company continues to optimize the open and innovative organizational mechanism, attract excellent talentsand partners, build an ecosystem together, and create a new benchmark in the field of life sciences.XI. Formulation and implementation of market value management system and valuation boost planWhether the Company has established a market value management system

□Yes √ No

Whether the Company has disclosed plans for valuation boost.

□Yes √ No

XII. The implementation of the action plan of "Double improvement of quality and return".Whether the Company has disclosed the action plan of "Double improvement of quality and return".

□Yes √ No

Section IV Corporate Governance, Enviornmental and Social ResponsibilityI. Changes of directors, supervisors and senior executives

√ Applicable □Not applicable

II. Profit distribution plan and capitalizing of common reserves plan for the Period

□Applicable √ Not applicable

The Company has no plans of cash dividend distributed, no bonus shares and has no share converted fromcapital reserve either for the semi-annual.III. Implementation of the company’s stock incentive plan, employee stock ownership plan or otheremployee incentives

□Applicable √ Not applicable

The Company had no implementation of the company’s stock incentive plan, employee stock ownership plan orother employee incentives in the reporting period.IV. Environmental information disclosure situationWhether the listed companies and their main subsidiaries are included in the list of enterprises that discloseenvironmental information according to law

√Yes □No

V. Social responsibilityThe Company continues to promote win-win development with its stakeholders, earnestly fulfills its socialresponsibilities, pays close attention to the voices of all stakeholders, and actively gives back and improves, and isdetermined to become an enterprise that is respected by the society and loved by its employees. While achievingsound development, it pays attention to protecting the interests of its shareholders, employees, suppliers,customers and consumers, and actively engages in public welfare undertakings, thus promoting the harmoniousdevelopment of the Company and the whole society.

1. Protection of the rights and interests of shareholders and creditors

The company strictly follows the provisions and requirements formulated by the Articles of Associationand the Rules of Procedure for the General Meeting of Shareholders, regulates the convening, holding andvoting procedures of the general meeting of shareholders, equally treats all shareholders, especially small andmedium shareholders equally, and ensures that all shareholders enjoy equal status and fully exercise their ownrights. Under the premise of strictly implementing the Administrative Measures for Information Disclosure ofListed Companies, the company actively communicates and exchanges information with investors on thecompany's operations and management, financial status, etc. through annual performance briefings, Anhuiservice week for investors by SZSE, investor telephone hotline, e-mails, and the investor relations interactiveplatform of the Shenzhen Stock Exchange, and discloses information to all investors in a truthful, accurate,complete, concise and clear, and easy-to-understand manner; further, the company attaches great importance tothe shareholder return mechanism, According to the Return Plan for Shareholders of Changhong Meiling Co., Ltd.for the Next Three Years (2024 -2026), It guides investors to establish the concept of long-term investment andrational investment, and maintains the continuity and stability of the profit distribution policy. During thereporting period, combined with its own operating conditions and other factors, the Company implemented the2024 profit distribution plan and made cash dividends, accounting for 48.60% of the net profit attributable toshareholders of listed companies in 2024, offered shareholders a reasonable return on investment.

Meanwhile, during the reporting period, the Company held 2024 general meetings of shareholders, andimplemented a combination of on-site voting and online voting, so that the majority of investors could fully

participate and ensure that shareholders have the right to know, participate and vote on the Company's majorissues. When the general meeting of shareholders deliberated on major matters affecting the interests of smalland medium-sized investors, the votes of small and medium-sized investors were counted separately andpublicly disclosed in the resolutions of the general meeting of shareholders in a timely manner, so as to fullyprotect the rights and interests of small and medium-sized investors.In addition, in order to establish a variety of shareholder return mechanisms and thank investors for theirlong-term concern and support for the Company, During the reporting period, the Company carried out the"Changhong Meiling Shareholder Gratitude Feedback Activity" for shareholders, bringing together preferentialpurchases of home appliances such as refrigerators (cabinets), air conditioners, washing machines, kitchenappliances, and small household appliances. Some product models in the feedback activity have a "pricediscount of as low as 50%", allowing shareholders to experience the excellent quality and quality service ofChanghong Meiling products at preferential prices.

2. Protection of the rights and interests of employees

In accordance with relevant laws, regulations and policies, and in light of its own actual situation, thecompany has established a relatively complete employment management system, including labor contractsystem, salary and performance appraisal system, welfare management system, training management system,employee vacation management system, etc..The company attaches importance to the vital interests of employees,protects the legitimate rights and interests of employees to the maximum extent, establishes harmonious laborrelations, and strives to form a good mechanism for the company and employees to create and share together. Atthe same time, the company creates a people-oriented cultural atmosphere by providing various holidays,allowances, condolences and organizing diversified employee activities, benchmarking personnel selection,carnivals, etc., and continuously improves employee satisfaction.

3. Protection of the rights and interests of suppliers, customers and consumersThe Company has built a sound supplier management system, established the "Supplier EvaluationManagement Specification", strictly standardized the supplier access and evaluation system, and regularly carriedout audits and evaluations to continuously improve supplier capabilities and qualifications. In order to ensure thecontinuous stability of the supply chain, the Company has established a supply chain risk identification, riskassessment and risk response mechanism, reduced information barriers with suppliers through digital platforms,increased exchanges and communication with partners, and made full use of its own advantages to promote theharmonious, stable and healthy development of the supply chain. The Company attaches great importance toenhancing supplier capabilities and is committed to collaborative development with suppliers.In order to helpsuppliers improve their awareness of quality control and sustainable development, during the reporting period, theCompany organized supplier conferences, supplier training and exchange activities. Meanwhile, the Companystrictly controls every link of the procurement business, cultivates core and strategic suppliers, and establishes a

high-end product supply chain for high-end products, forming a collaboration, cooperation and win-win situationbetween the Company and suppliers.The Company has a perfect product development process, advanced R&D system, and constantly developsproducts with leading technology. The Company attaches great importance to product quality, has strong qualitycontrol ability, reliable product performance and a refined quality management system, and has passed themanagement system certifications such as ISO9001, ISO14001 and ISO45001. The Company's testing center hasCNAS accreditation qualification, complete test items and strong testing ability, which meets the requirements ofstrict and high-level testing of products. At the same time, it has built one of the few RoHS and intelligent IoTlaboratories in the industry. The Company adheres to the user-centered principle and attaches importance to userreputation. In the domestic market, it increases its attention and support in terminal construction, user experienceand product training to increase the sales of products; In the export market, it fully recognizes the requirements oflocal laws and regulations, strictly certifies products, and fully verifies the reliability and environmentaladaptability of products to ensure the reliability of products in the target market. Its export products have coveredmore than 100 countries or regions. According to different types of customers, it implements classification andsystem management through the information system, and timely feeds back the demands put forward bycustomers, continuously improves quality services and enhances brand image; It also tracks the marketperformance by customer satisfaction and user net recommendation value.For the protection of consumers' rights and interests, the company has a relatively advanced closed-loopmanagement system for user service. In order to meet users' service needs, it gradually improves the functionconstruction of official channel service platforms such as 4008 service hotline, brand official website, WeChatofficial account and Zhihuijia APP, attaches importance to and strengthens the user interaction and experience ofsocial platforms such as Tik Tok, Xiaohongshu, Weibo, Bilibili and Zhihu, and understands and handles users'needs and questions in time. In view of user demand processing, it promotes the process visualizationmanagement and user evaluation system management of work order processing timeline. In addition, thecompany pays attention to improving consumers' product guarantee service ability, and has created Meiling'sexclusive characteristic guarantee service measures, Upgrade and launch Meiling M fresh refrigerator - fullrefund for one year if you are not satisfied with freshness, Meiling drum washing machine - DD direct drive motorfree replacement for ten years, Meiling freezer - thawing compensation, Changhong household air conditionerenjoys the whole machine 10-year repair policy and other services to effectively meet user needs and improveconsumer satisfaction.

4. Social welfare

Over the years, the company has been actively participating in social welfare undertakings and varioussocial welfare activities. The Company actively carries out actions such as helping employees with serious illnessor difficulties, advocating voluntary donations from employees, paying attention to occupational disease

prevention and control, and organizing safety education and training. During the reporting period, the Company'sparty committee actively participated in the 4th micro-public welfare venture capital party building project of"Party Building Pilot Yidong Jinxiu" in the Jinxiu Community Social Organization Incubation Park of HefeiEconomic Development Zone, helping children better understand, express and manage their emotions andpromote healthy growth through the integration of science and technology and education; The Company and theFederation of Trade Unions of Hefei Economic and Technological Development Zone jointly organized the publicwelfare action of "Building a Trade Union Happiness Station and Conveying Love Knowledge", and donatedbooks to new business workers, outdoor workers and community members. As a national level intelligentmanufacturing demonstration enterprise, the Company fully leverages its industrial and technological advantagesto support the development of quality education in primary and secondary schools. During the reporting period,the Company planned and carried out 12 research and practice activities with distinct themes, receiving more than1,300 primary and secondary school students, not only vividly popularizing the scientific and technologicalknowledge of modern home appliances, but also innovatively opening interesting experimental classes, creativelabor classes and brand history courses, effectively stimulating young people's scientific interest, hands-on abilityand innovative thinking, and sowing the seeds of science and technology and wisdom in the hearts of children.During the reporting period, the Company's subsidiary Zhongke Meiling awarded special scholarships toTsinghua University, Lanzhou University and other universities, and has awarded a total of 2 million yuan ofspecial scholarships to universities so far.VI. Consolidate and expand the achievements of poverty alleviation and rural revitalizationThe Company unswervingly and fully implements the decisions and arrangements made by the CPC CentralCommittee and the State Council for rural revitalization, actively responds to the call, promotes ruralrevitalization, and contributes to rural development. During the reporting period, the Company carried out toshoot a number of heart-warming videos to help farmers. Relying on Meiling's social media platform to expose, itdrew approximately 120,000 user visits. Meanwhile, by taken multiple measures, it deeply cultivated contentdissemination, and produced and released a number of in-depth manuscripts on the theme of helping farmers, andhelped farmers sell and promote unsold agricultural products through Sina.com, Baidu.com, Guangming.com,etc.

Section V Important EventsI. Commitments that the actual controller, shareholders, related party, the buyer and the company havefulfilled during the reporting period and have not yet fulfilled by the end of reporting period

□ Applicable √ Not applicable

The Company has no commitments that the actual controller, shareholders, related party, the buyer and thecompany have fulfilled during the reporting period and have not yet fulfilled by the end of reporting periodII. Non-operational fund occupation from controlling shareholders and its related party

□ Applicable √ Not applicable

No non-operational fund occupation from controlling shareholders and its related party in period.III. External guarantee out of the regulations

□ Applicable √ Not applicable

No external guarantee out of the regulations occurred in the period.IV. Appointment and non-reappointment (dismissal) of CPAWhether the semi-annual financial report had been audited

□Yes √ No

The semi-annual report was not auditedV. Explanation on “non Qualified Opinion” from CPA by the Board and Supervisory Committee

□ Applicable √ Not applicable

VI. Explanation from the Board for “non Qualified Opinion” of last year’s

□ Applicable √ Not applicable

VII. Bankruptcy reorganization

□ Applicable √ Not applicable

No bankruptcy reorganization for the Company in reporting periodVIII. Lawsuit(i) Major Litigation and Arbitration Matters

√ Applicable □Not applicable

Note 1: On June 30,2025,An estimated liability of 1,932,959.71 yuan will be confirmed. For specificdetails, please refer to the relevant content of "40. Estimated Liabilities" in "V. Annotations to Key Items inConsolidated Financial Statements" of "Section 8 Financial Report" in this report.Note 2: The Company's shareholding in Zhiyijia is 50%, and the products are sold through Zhiyijia's smarttrading platform. The customers, channels and sales transactions corresponding to the products sold arecontrolled and docked by the company itself, and the external transaction object is Zhiyijia, and relatedtransactions are formed between the Company and Zhiyijia. In terms of payment settlement, the Company and

Zhiyijia follow the principle of "external customer account period is Zhiyijia's account period to the Company,and external customer payment is Zhiyijia's payment to the Company, which is not allowed to be remained ortransited at Zhiyijia". The amounts involved in this case are all accounts receivable and liquidated damages foroverdue payment caused by the Company's sales through the smart trading platform of Zhiyijia, but the subjectof the agreement is Zhiyijia, and this lawsuit will be filed by Zhiyijia. The Company and its affiliated enterpriseZhiyijia will claim their legitimate rights and interests according to law and actively take relevant measures tosafeguard the legitimate rights and interests of the Company, Zhiyijia and the investors.(ii) Other litigation matters

□ Applicable √ Not applicable

IX. Penalty and rectification

□ Applicable √ Not applicable

During the reporting period, the Company had no Penalty and rectification.X. Integrity of the company and its controlling shareholders and actual controllers

□ Applicable √ Not applicable

XI. Major related party transaction(i) Related party transaction with routine operation concerned

√ Applicable □ Not applicable

(ii) Related transactions by assets acquisition and sold

□Applicable √ Not applicable

There are no related transactions by assets acquisition and sold in the period(iii) Related party transaction of joint foreign investment

□Applicable √ Not applicable

There are no related transactions by joint foreign investment in the period(iv) Connect of related liability and debt

√ Applicable □ Not applicable

Whether has non-operational contact of related liability and debts or not

□Yes √ No

No non-operational contact of related liability or debts in Period(v) Contact with the related finance companies

√ Applicable □ Not applicable

Deposit business

Credit extension or other financial business

Note 1: As of June 30,2025, registered capital of Changhong Finance Company is 2,693,938,365.84 yuan. TheCompany and Changhong Huayi holds 14.96% equity of Chonghong Finance Company respectively, andcontrolling shareholder of the Company -Sichuan Changhong Electric Co., Ltd and its controlling shareholderSichuan Changhong Electronics Holding Group Co., Ltd holds 35.04% equity of Changhong Finance Companyrespectively.Note 2: After deliberated and approved by the 35th session of 9

th BOD and 2

thextraordinary shareholdersgeneral meeting of 2023 held on 16 October 2023 and 3 November , it is agreed to continue the financialservices cooperation between the Company and Changhong Finance Company and renew the “Financial ServiceAgreement” for a period of three years. Changhong Finance Company will provides a series of financialservices such as deposit and loans within scope of operation according to the requirements of Company and itssubsidiaries(Excluding Zhongke Meiling and its subsidiaries).Note 3:On December 11 and December 27, 2024, the "Proposal on Expected Continuous Related PartyTransactions between the Company and Its Subsidiaries and Sichuan Changhong Group Finance Co., Ltd. in2025" was deliberated and passed in the eighth meeting of the 11th board of directors of the Company and thethird extraordinary general meeting of shareholders in 2024, which estimated the amount of related transactionsof financial service such as deposits, loans, credit, bill issuance, bill discounting, and guarantee businessbetween the Company and its subsidiaries (excluding Zhongke Meiling and its subsidiaries) and ChanghongFinance Co., Ltd. in 2025.(vi) Transactions between the finance company controlled by the Company and related parties

□ Applicable √ Not applicable

(vii) Other related party transactions

√Applicable□ Not applicable

1. On May 23, 2025, after deliberation and approval at the 16th meeting of the 11th board of directors and the10th meeting of the 11th board of supervisors of the Company, it’s agreed that the Company will increase theexpected amount of routinerelated party transactions including selling goods to Sichuan Changhong in 2025 byno more than 12.5 million yuan (excluding tax). After this increase, the Company and its subsidiaries expect thatthe total amount of routine related party transactions such as selling goods, providing fuel and power to SichuanChanghong will not exceed 17.5 million yuan (excluding tax) in 2025.

2. On May 23, 2025, after deliberation and approval at the 16th meeting of the 11th board of directors and the10th meeting of the 11th board of supervisors of the Company, according to the Company's strategicdevelopment plan and the business development needs of its subsidiary Zhongshan Changhong, in order tosolve the capacity demand for air conditioning business sales in overseas markets, the board of directors of theCompany agreed that Zhongshan Changhong will invest in the construction of an air conditioning project withan annual output of 4 million sets per shift (hereinafter referred to as the "air conditioning project") withself-raised funds of about 296.42 million yuan. In order to meet the needs of the implementation site ofZhongshan Changhong air conditioning project, after field research, repeated demonstration and evaluation,with the support of the Company's controlling shareholder, Zhongshan Changhong intends to sign the"Industrial Plant Lease Intention Contract" with Guangdong Changhong Electronics Co., Ltd. (hereinafterreferred to as "Guangdong Changhong"), a holding subsidiary of Sichuan Changhong, to build a new plant byGuangdong Changhong and leased by Zhongshan Changhong for the implementation of Zhongshan ChanghongConstruction with an annual output of 4 million sets of air conditioning project per shift. The intended leaseperiod is 5 years (from January 1, 2027 to December 31, 2031), and after the expiration of the lease period, thetwo parties will continue to negotiate the follow-up lease. The rental price refers to the market price, and thepreliminary intention determines that the monthly rent standard is 20 yuan/square meter (excluding tax,including house rent, security fees, etc.), and the total rent for 5 years is expected to not exceed 212.3 millionyuan, and the actual amount will be determined according to market conditions after the completion of the plant.The aforesaid term and price are only intentional agreements, and the final lease agreement signed by bothparties shall prevail.Related searches for disclosure website of interim report with major related transaction concerned

Lease Intention Contract"namely the related partytransaction by its subsidiary(2025-039)Announcement on Increasing the Daily Related PartyTransactions in 2025（2025-040）

XII. Significant contract and implementations(i) Entrust, contract and leasing

1. Entrust

□Applicable √ Not applicable

No entrust in Period.

2. Contract

□Applicable √ Not applicable

No contract in Period.

3. Leasing

√Applicable □Not applicable

NoteFor the operational leasing of the company, please refer to "investment real estate", "fixed assets", "use assets","use assets", "related party lease" and "related party lease" in the notes to the financial statements.Project which generates profit or loss reaching over 10% of total profits of the Company during the ReportingPeriod

□ Applicable √ Not applicable

There were no leases with a 10% or greater impact on the Company’s gross profit in the Reporting Period.

(ii) Major guarantee

√ Applicable □ Not applicable

In RMB 10,000

Note 1: In order to unify the currency for aggregation, the exchange rate here adopted is 7.1586 of the US dollar to RMB exchange rate on June 30, 2025.The above-mentioned guarantee objects are the wholly-owned and holding subsidiaries of the Company, and these wholly-owned and holding subsidiaries are in normal production andoperation, there are no overdue loans, and the guarantee risks are controllable.During the reporting period, there were no external guarantees for the Company and its subsidiaries, but there were guarantees from the Company to itssubsidiaries, or from such subsidiaries to their subsidiaries.By the end of the reporting period, the total approved amount of the Company's guarantee provided to its subsidiaries and the guarantee provided by suchsubsidiaries to their subsidiaries was RMB 2,763 million, the actual amount was RMB 1,574.793 million, The total actual guarantee balance is 545.793 million yuan，accounting for8.84% of the Company's latest net assets.Explanation on guarantee with composite way: Not applicable(iii) Trust financing

√ Applicable □ Not applicable

In RMB 10,000

Details of the single major amount, or high-risk trust investment with low security, poor fluidity

□ Applicable √ Not applicable

During the reporting period, the bank wealth management products with high safety, good liquidity, low risk and stability purchased by the Companywithin one year are as follows:

Note: Zhongke Meiling, a subsidiary of the Company, is a listed company of the Beijing Stock Exchange. For details of its entrusted financial management, please refer to

Zhongke Meiling's 2025 Semi-annual Report.Entrust financial expected to be unable to recover the principal or impairment might be occurred

□ Applicable √ Not applicable

(iv) Other material contracts

□ Applicable √ Not applicable

No other material contracts in the period.

XIII. Explanation on other significant events

√ Applicable □ Not applicable

1. Passed by the 10th meeting of the 11th board of directors and the resolution of the 7th meeting of the 11thboard of supervisors of the Company, in order to ensure the safety of funds and ensure the compliance andsoundness of the cooperation between the Company and Sichuan Changhong Group Finance Co., Ltd., andcombined with the actual situation of the Company, it’s agreed to revise some provisions of the "Risk DisposalPlan of Changhong Meiling Co., Ltd. for Deposit and Loan Financial Business in Sichuan Changhong GroupFinance Co., Ltd.". Found more on appointed media “Securities Times”, “China Securities Journal” and JuchaoWebsite (www.cninfo.com.cn) that the Company disclosed in the form of announcement (Announcement No.2025-001, 2025-002 and 2025-003) on January 2,2025 .

2.On January 23, 2025, the Company held the first extraordinary general meeting of partners in 2025 ofSichuan Hongyun Information Technology Venture Capital Fund Partnership (Limited Partnership) (hereinafterreferred to as "Hongyun Fund Phase II")-the Company invested it as a limited partner (LP). Since the secondphase of Hongyun Fund Phase II has not yet completed the product filing and has not actually carried outexternalinvestment business, all partners unanimouslyvoted to terminate the operation of the partnership, dissolvethe partnership, set up a liquidation team to handle the termination and liquidation of the partnership, andauthorize the fund manager to handle matters related to liquidation and cancellation.On January 24, 2025, theCompany has received a total of 18,152,000 yuan from the paid-in capital contribution and the income from thecash management of the fund. As of June 10, 2025, the Company has received the remaining property distributionof 38,829.19 yuan, as well as the "Registration Notice" issued by the Smart City Operation Bureau of SichuanTianfu New Area, and the Hongyun FundPhase II has been liquidated and cancelled. Found more on appointedmedia “Securities Times”, “China Securities Journal” and Juchao Website (www.cninfo.com.cn) that the Companydisclosed in the form of announcement (Announcement No. 2025-004 and 2025-044) on January 24,2025 andJune 12, 2025. .

3. On March 17, 2025, the "Proposal on Investing in the Establishment of Subsidiary and Participating in theBidding for Land Use Rights"was passed in the 11th meeting of the 11th board of directors of the Company.According to the Company's strategic development plan and business development needs, in order to solve thefuture sales capacity gap of the washing machine industry and meet market demand, it’s agreed that the Companyand its subsidiary Mianyang Meiling shall invest a total of 500 million yuan with their own funds to invest in theestablishment of a subsidiary, Mianyang Changhong Smart Home Appliance Co., Ltd. (hereinafter referred to asthe "Smart Home Appliance Company"), Among them, the Company invested 495 million yuan, holding 99% ofthe equity, and Mianyang Meiling invested 5 million yuan, holding 1% of the equity; The Smart Home ApplianceCompany participated in the bidding for an industrial land located in Fuxin Community, Songya Town, MianyangEconomic and Technological Development Zone, Sichuan Province, which is for the construction land of theCompany's washing machine project, with a land area of about 136,737.72 square meters (about 205.11 acres),

and the total authorized bidding price shall not exceed 59.5 million yuan. On March 21, 2025, the Smart HomeAppliance Company has completed the registration of industrial and commercial establishment and obtained the"Business License" issued by the Mianyang Municipal Market Supervision and Administration Bureau. On April18, 2025, the Smart Home Appliance Company has bid for the right to use state-owned construction land locatedin Fuxin Community, Songya Town, Economic Development Zone, and signed the "Transaction Confirmation ofthe Transfer of the Right to Use State-owned Construction Land", with a total transaction price of 59,008,598yuan.On April 25, 2025, the "Proposal on the Investment and Construction of a Single Shift Annual Output of 1Million Washing Machine Project by Subordinate Subsidiary" was deliberated and passed by the 14th meeting ofthe 11th board of directors of he Company, agreeing that the Smart Home Appliance Company will invest about520 million yuan to build a single-shift annual output of 1 million washing machine project in MianyangEconomic and Technological Development Zone (including the above-mentioned bidden land, plant, equipmentinvestment, etc.), to achieve the ability to add 1 million washing machines per shift per year.Found more on appointed media “Securities Times”, “China Securities Journal” and Juchao Website(www.cninfo.com.cn) that the Company disclosed in the form of announcement (Announcement No.2025-005,2025-006,2025-021, 2025-028 and 2025-029) on March 18,2025,April 18,2025 and April 26, 2025.

4.On April 1, 2025 and April 25, 2025, after the resolution of the 12th meeting of the 11th board of directorsof the Company, the 8th meeting of the 11th board of supervisors, and the 2024 annual general meeting ofshareholders,it’s approved that the Company's 2024 profit distribution plan-based on the Company's total sharecapital of 1,029,923,715 shares as of December 31, 2024, a cash dividend of 3.3 yuan (including tax) will bedistributed to all shareholders for every 10 shares, no bonus shares, no provident fund will be used to increaseshare capital, and it is expected to distribute cash dividends of 339,874,825.95 yuan (including tax), accountingfor 48.60% of the net profit attributable to shareholders of the listed company in 2024. On June 5, 2025, theCompany disclosed the "Announcement on the Implementation of the 2024 Profit Distribution Plan" andimplemented the aforementioned profit distribution plan. Found more on appointed media “Securities Times”,“China Securities Journal” and Juchao Website (www.cninfo.com.cn) that the Company disclosed in the form ofannouncement (Announcement No. 2025-007,2025-008,2025-010,2025-030 and 2025-042) on April 3, 2025,April 26,2025 and June 5, 2025.

5. On April 1, 2025 and April 25, 2025, after the resolution ofthe 12th meeting of the 11th board of directorsof the Company and the resolution of the 2024 annual general meeting of shareholders, it’s agreed to continue toappoint Tianjian Certified Public Accountants (LLP) as the auditor of the Company's 2025 annual financial reportand the Company's internal control for a period of one year. Found more on appointed media “Securities Times”,“China Securities Journal” and Juchao Website (www.cninfo.com.cn) that the Company disclosed in the form ofannouncement (Announcement No. 2025-007,2025-011 and 2025-030) on April 3, 2025 and April 26,2025.

6. On April 1, 2025 and April 25, 2025, after the resolution ofthe 12th meeting of the 11th board of directors

of the Company and the resolution of the 2024 annual general meeting of shareholders, it’s agreed that theCompany and its subsidiaries will carry out forward foreign exchange fund trading business from July 1, 2025 toJune 30, 2026, mainly including forward foreign exchange trading business, RMB foreign exchange swapbusiness, RMB foreign exchange options business, non-deliverable forward foreign exchange trading business andother foreign exchange derivatives trading. The transaction balance does not exceed US$2.009 billion (mainlyincluding: US dollars, Australian dollars, euros, and all other foreign exchange converted into US dollars). Foundmore on appointed media “Securities Times”, “China Securities Journal” and Juchao Website(www.cninfo.com.cn) that the Company disclosed in the form of announcement (Announcement No.2025-007,2025-015 and 2025-030) on April 3, 2025 and April 26,2025.

7. On April 1, 2025, after the resolution ofthe 12th meeting of the 11th board of directors and the 8th meetingof the 11th board of supervisors of the Company, it’s agreed that the Company will change its accounting policy inaccordance with the relevant provisions of the Ministry of Finance's Interpretation of Enterprise AccountingStandards No. 17 and Interpretation of Enterprise Accounting Standards No. 18. Found more on appointed media“Securities Times”, “China Securities Journal” and Juchao Website (www.cninfo.com.cn) that the Companydisclosed in the form of announcement (Announcement No. 2025-007,2025-008 and 2025-013) on April 3, 2025.

8.On April 1, 2025 and April 25, 2025, after the resolution of the 12th meeting of the 11th board of directorsof the Company and the resolution of the 2024 annual general meeting of shareholders, it’s agreed that theCompany and its subsidiary will apply for a special credit line of up to RMB 400 million for the bill pool from theHefei Branch of Industrial Bank Co., Ltd, and apply to Hefei Branch of Ping An Bank Co., Ltd. for a specialcredit line of up to RMB 500 million for the bill pool. Found more on appointed media “Securities Times”, “ChinaSecurities Journal” and Juchao Website (www.cninfo.com.cn) that the Company disclosed in the form ofannouncement (Announcement No. 2025-007,2025-017 and 2025-030) on April 3, 2025 and April 26, 2025.

9. On May 21, 2025, the Company disclosed the "Voluntary Information Disclosure Announcement onShareholder Gratitude and Feedback Activities", in order to thank the long-term support of all shareholders,establish a variety of shareholder return mechanisms, and meanwhile allow shareholders to experience theCompany's new products and services, and improve investors' understanding and recognition of the Company'sintrinsic value, the Company held the “Changhong Meiling Shareholder Gratitude Feedback Activity" from May21, 2025 to May 25, 2025. Found more on appointed media “Securities Times”, “China Securities Journal” andJuchao Website (www.cninfo.com.cn) that the Company disclosed in the form of announcement (AnnouncementNo. 2025-035) on May 21, 2025 .

10. On May 8, 2025, nominated by Mr. Tang Youdao, vice president (acting president) of the Company,reviewed and approved by the nomination committee of the board of directors, and approved by the resolution ofthe 15th meeting of the 11th board of directors of the Company, the board of directors of the Company agreed toappoint Mr. Wang Xiaocheng as the vice president of the Company for a term from the date of deliberation andapproval by the board of directors to the expiration of the term of office of the current board of directors. Foundmore on appointed media “Securities Times”, “China Securities Journal” and Juchao Website

(www.cninfo.com.cn) that the Company disclosed in the form of announcement (Announcement No. 2025-031and 2025-033) on May 9, 2025.

11.On June 18, 2025, in view of the resignation of Mr. Pang Haitao from the Company's financial directordue to work changes, nominated by Mr. Tang Youdao, vice president (acting president) of the Company, reviewedand approved bythe nomination committee of the board of directors and the audit committee of the board ofdirectors respectively, and approved by the resolution of the 18th meeting of the 11th board of directors of theCompany, the board of directors of the Company agreed to appoint Mr. Yang Bing as the financial director of theCompany for a term from the date of deliberation and approval by the board of directors to the expiration date ofthe current board of directors. Found more on appointed media “Securities Times”, “China Securities Journal” andJuchao Website (www.cninfo.com.cn) that the Company disclosed in the form of announcement (AnnouncementNo. 2025-045 and 2025-047) on June 19, 2025 .XIV. Major event of the subsidiary

√ Applicable □ Not applicable

1. On May 8, 2025, after the resolution of the 16th meeting of the 11th board of directors of the Company, it‘s agreed that Changhong Air Conditioning will implement a special renovation project to improve the utilizationrate of the park with its self-raised funds of 28,355,000 yuan to ensure its future business development. Foundmore on appointed media “Securities Times”, “China Securities Journal” and Juchao Website(www.cninfo.com.cn) that the Company disclosed in the form of announcement (Announcement No. 2025-031)on May 9, 2025 .

2. On May 23, 2025, after the resolution of the 16th meeting of the 11th board of directors of the Company,it’s agreed that Zhongshan Changhong plans to invest in the construction of an air conditioning project with anannual output of 4 million units per shift with self-raised funds of about 296.42 million yuan in the future, so as toachieve adding the capacity of 4 million units of air conditioners per shift per year. The project investment contentincludes production lines, equipment, working capital, etc.; The project implementation site is to lease the newplant to be built by Guangdong Changhong Electronics Co., Ltd., a holding subsidiary of Sichuan ChanghongElectric Appliance Co., Ltd.; The project implementation time is expected to start in 2027 after the completion ofthe new plant by GuangdongChanghong. After the project is put into operation, it will directly improve the airconditioning production capacity of Zhongshan Changhong, effectively meet the production capacity needs of theCompany's air conditioning industry in the future for overseas air conditioning sales, and promote the sustainabledevelopment of the Company. Found more on appointed media “Securities Times”, “China Securities Journal”and Juchao Website (www.cninfo.com.cn) that the Company disclosed in the form of announcement(Announcement No. 2025-036 and 2025-038) on May 24, 2025 .

3. On June 18, 2025, after the resolution of the 18th meeting of the 11th board of directors of theCompany,it’s agreed that its subsidiary Hefei Changhong Industrial Co., Ltd. will invest in the construction ofHefei Changhong Smart Home Appliance Industrial Park Project (hereinafter referred to as the "Project"), with a

total investment of 877.05 million yuan, and the source of funds is self-raised. After the Project is put intooperation, it will effectively increase the production capacity of medium and large volume refrigerators, create a"flexible, digital smart, and green" smart home appliance industrial park, and promote the sustainabledevelopment of the Company. The Project still needs to be submitted to the Company's general meeting ofshareholders for consideration.Found more on appointed media “Securities Times”, “China Securities Journal”and Juchao Website (www.cninfo.com.cn) that the Company disclosed in the form of announcement(Announcement No. 2025-045 and 2025-046) on June 19, 2025 .

Section VI Changes in Shares and Particular about ShareholdersI. Changes in Share Capital(i) Changes in Share Capital

In Shares

1. Reasons for share changed

√ Applicable □ Not applicable

The Company held the 15th meeting of the 11th board of directors on May 8, 2025, in whichthe "Proposal onthe Appointment of Vice President of the Company" was deliberated and passed.Nominated by Mr. Tang Youdao,vice president of the Company (acting president), and reviewed and approved by the nomination committee underthe board of directors, the board of directors of the Company agreed to appoint Mr. Wang Xiaocheng as the vicepresident of the Company for a term from the date of deliberation and approval by the board of directors to theexpiration of the term of office of the current board of directors. Mr. Wang Xiaocheng holds 144 shares of theCompany, and in accordance with the "Rules for the Management of the Company's Shares Held by Directors,Supervisors and Senior Management of Listed Companies and Their Changes" and other relevant regulations, 75%of the total number of shares of the Company, that is, 108 shares,shall be restricted as executive restricted shares.

2. Approval of share changed

□ Applicable √ Not applicable

3. Ownership transfer of share changed

□ Applicable √ Not applicable

4. Implementation progress of shares buy-back

√ Applicable □ Not applicable

Based on the proposal of the chairman of the Company to repurchase the Company's A shares on April 9,2025, the Company held the 15th meeting of the 11th board of directors on May 8, 2025, in which the "Proposalon the Plan to Repurchase the Company's A Shares" was deliberated and passed, and the "Proposal on Increasingthe Source of Funds for the Repurchase of the Company's A Shares" was approved in the 17th meeting of the 11thboard of directors on June 3, 2025.The plan for repurchasing A-shares is as follows: the Company uses its ownfunds and self-raised funds (including special loans for stock repurchase from financial institutions) of not lessthan 150,000,000 yuan (inclusive) and no more than 300,000,000 yuan (inclusive) to repurchase part of theCompany's A-shares through centralized bidding for the implementation of equity incentives, and the repurchaseprice is no more than 10.67 yuan per share (due to the Company's implementation of profit distribution, the upperlimit of the repurchase price is adjusted from 11 yuan per share (inclusive) to 10.67 yuan per share (inclusive)).The repurchase period is within 12 months from the date of deliberation and approval of the repurchase plan bythe board of directors. The specific number and amount of shares repurchased shall be subject to the actualnumber and amount of shares repurchased at the expiration of the repurchase period or the completion of theimplementation of the repurchased shares.

On July 15, 2025, the Company repurchased the Company's A-shares for the first time through a specialsecurities account for stock repurchase through centralized bidding transactions. As of the disclosure date of thisannouncement, the Company has repurchased a total of 1,237,200 A shares of the Company, accounting for

0.1201% of the Company's total share capital, and the highest transaction price of the repurchased A shares is 7.45yuan per share, the lowest transaction price is 7.26 yuan per share, and the total transaction amount is 9,021,808yuan (excluding transaction fees). Found more on appointed media “Securities Times”, “China Securities Journal”and Juchao Website (www.cninfo.com.cn) that the Company disclosed in the form of announcement(Announcement No.2025-019,2025-031, 2025-032, 2025-041, 2025-043, 2025-049,2025-050, 2025-051,2025-052 and 2025-053) on April 10, 2025, May 9, 2025, June 5, 2025, July 2, 2025, July 4, 2025, July 16, 2025and August 5, 2025. .

5. Implementation progress of reducing holdings of shares buy-back by centralized bidding

□ Applicable √ Not applicable

6. Influence on the basic EPS and diluted EPS as well as other financial indexes of net assets per shareattributable to common shareholders of Company in latest year and period

□ Applicable √ Not applicable

7. Other information necessary to disclose or need to disclosed under requirement from security regulators

□ Applicable √ Not applicable

(ii) Changes of lock-up stocks

√ Applicable □ Not applicable

In: Shares

II. Securities issuance and listing

□ Applicable √ Not applicable

III. Amount of shareholders of the Company and particulars about shares holding

In Shares

Information of shareholders holding more than 5% of the shares, the top 10 shareholders and the top 10shareholders of unrestricted tradable shares participating in the lending of shares in securities lending andborrowing business

□ Applicable √ Not applicable

The top 10 shareholders and the top 10 shareholders of unrestricted tradable shares have changed compared withthe previous period due to the securities lending/returning,

□ Applicable √ Not applicable

Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have abuy-back agreement dealing in reporting period.

□ Yes √ No

The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Companyhave no buy –back agreement dealing in reporting period.IV. Changes of shares held by directors, supervisors and senior executives

□ Applicable √ Not applicable

The shareholding of directors, supervisors and senior managers of the Company has not changed during thereporting period. For details, please refer to the 2024 annual reportV. Changes in controlling shareholders or actual controllers

(i) Controlling shareholder changes in reporting period

□ Applicable √ Not applicable

Controlling shareholder stays the same in Period.(ii) Changes of actual controller in Period

□ Applicable √ Not applicable

Actual controller stays the same in PeriodVI.Preferred stock

□Applicable √ Not applicable

The Company had no preferred stock in the Period.

Section VII Corporate Bonds

□ Applicable √ Not applicable

Section VIII Financial Report

I. Audit reportWhether the semi-annual report is audited

□Yes ?No

The company's semi-annual financial report has not been auditedII. Financial StatementStatement in Financial Notes are carried in RMB/CNY

1. Consolidated Balance Sheet

Prepared by CHANGHONG MEILING CO., LTD.

June 30, 2025

In RMB

Other account receivable

Expense on Research and Development

Dividend payable

Including: Preferred stock

Legal Representative: Wu Dinggang Person in charge of accounting works: Yang BingPerson in charge of accounting institute: Hu Xiangfei

2. Balance Sheet of Parent Company

In RMB

Other account receivable

Data resources

Bonds payable

Legal Representative: Wu Dinggang Person in charge of accounting works: Yang Bing

Person in charge of accounting institute: Hu Xiangfei

3. Consolidated Profit Statement

In RMB

Investment income (Loss is listed with “-”)

reclassified subsequently to profit of loss

(ii) Diluted earnings per share

In the event of a business merger under the same control in the current period, the net profitrealized by the merged party before the merger was 0.00 yuan, and the net profit realized by themerged party in the previous period was 0.00 yuan.Legal Representative: Wu Dinggang Person in charge of accounting works: Yang BingPerson in charge of accounting institute: Hu Xiangfei

4. Profit Statement of Parent Company

In RMB

Loss of credit impairment (Loss is listed with“-”)

loss