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Securities code: 605366 Securities abbreviation: Hongbai New Materials Announcement Number: 2026-009

Bond code: 111019 Bond abbreviation: Hongbai Convertible Bonds

Jiangxi Hongbai New Materials Co., Ltd.

Indicative announcement regarding the expected fulfillment of redemption conditions for "Hongbai Convertible Bonds"

The company's board of directors and all directors guarantee that the contents of this announcement do not contain any false records, misleading statements or major omissions, and assume legal responsibility for the authenticity, accuracy and completeness of its contents.

1. Overview of issuance and listing of convertible bonds

(1) Issuance of convertible bonds

As approved by the China Securities Regulatory Commission's Securities Regulatory Commission No. 108, Jiangxi Hongbai New Materials Co., Ltd. (hereinafter referred to as the "Company") publicly issued 9.6 million convertible corporate bonds on April 17, 2024, with a face value of 100 yuan each, and a total issuance of 960 million yuan. The term of the convertible bonds issued this time is 6 years from the date of issuance, from April 17, 2024 to April 16, 2030. The coupon rate is 0.20% in the first year, 0.40% in the second year, 0.80% in the third year, 1.5% in the fourth year, 2.00% in the fifth year, and 2.50% in the sixth year.

(2) Listing status of convertible bonds

As approved by the Shanghai Stock Exchange's Self-Regulatory Decision No. 56, the 960 million yuan convertible corporate bonds issued by the company will be listed and traded on the Shanghai Stock Exchange from May 14, 2024. The bond abbreviation is "Hongbai Convertible Bonds" and the bond code is "111019".

(3) Conversion price of convertible bonds

According to relevant regulations and the relevant provisions of the "Prospectus for the Issuance of Convertible Corporate Bonds by Jiangxi Hongbai New Materials Co., Ltd. to Unspecified Targets" (hereinafter referred to as the "Prospectus"), the "Hongbai Convertible Bonds" issued by the company this time will be from October 23, 2024 to April 2030. The bonds can be converted into shares of the company until the 16th (if it falls on a statutory holiday or rest day, it will be extended to the first working day thereafter; no additional interest will be accrued on interest payments during the postponement period). The initial conversion price of "Hongbai Convertible Bonds" is 7.51 yuan/share. As of the disclosure date of this announcement, the latest conversion price is 5.46 yuan/share. Previous stock conversion price adjustments are as follows:

1. Due to the company completing the repurchase and cancellation of restricted stocks, starting from July 9, 2024, the conversion price of "Hongbai Convertible Bonds" has been adjusted from the original 7.51 yuan/share to 7.53 yuan/share. For details, please refer to the company's announcement on July 9, 2024. The "Announcement on the Completion of the Repurchase and Cancellation of Certain Restricted Stocks and the Adjustment of the Conversion Price of "Hongbai Convertible Bonds"" was disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on the same day (Announcement Number: 2024-068).

2. Due to the company's implementation of equity distribution, starting from July 19, 2024, the conversion price of "Hongbai Convertible Bonds" will be adjusted from 7.53 yuan/share to 7.49 yuan/share. For details, please refer to the "Announcement on Adjusting the Conversion Price of "Hongbai Convertible Bonds" Due to Equity Distribution" disclosed by the company on the Shanghai Stock Exchange website (www.sse.com.cn) on July 13, 2024 (announcement number: 2024-074).

3. Since the closing price of the company's stock has been lower than the current conversion price for fifteen of the thirty consecutive trading days, triggering the conditions for downward revision of the conversion price of "Hongbai Convertible Bonds", the "Proposal on the downward revision of the conversion price of "Hongbai Convertible Bonds" was reviewed and approved by the ninth meeting of the third session of the Board of Directors of the company. Starting from August 7, 2024, The conversion price of "Hongbai Convertible Bonds" was adjusted from 7.49 yuan/share to 5.45 yuan/share. For details, please refer to the "Announcement on the downward revision of the conversion price of "Hongbai Convertible Bonds" disclosed by the company on the website of the Shanghai Stock Exchange (www.sse.com.cn) on August 7, 2024 (Announcement Number: 2024-086).

4. Due to the company completing the repurchase and cancellation of restricted stocks, starting from July 8, 2025, the conversion price of "Hongbai Convertible Bonds" has been adjusted from the original 5.45 yuan/share to 5.46 yuan/share. For details, please refer to the company's announcement on July 7, 2025. The "Announcement on the Completion of the Repurchase and Cancellation of Partial Restricted Stocks and the Adjustment of the Conversion Price of "Hongbai Convertible Bonds"" was disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on the same day (Announcement No.: 2025-065).

2. Convertible bond redemption terms and expected triggering situations

(1) Redemption terms

According to the terms of conditional redemption in the Prospectus:

During the conversion period of the convertible corporate bonds issued this time, if either of the following two situations occurs, the company has the right to redeem all or part of the convertible corporate bonds that have not been converted into shares at the price of the face value of the convertible bonds plus the current accrued interest:

1) The closing price of the company’s stock on at least fifteen of the thirty consecutive trading days shall not be less than 130% (inclusive) of the current conversion price;

2) When the unconverted balance of the convertible bonds is less than RMB 30 million.

The calculation formula for current accrued interest is: IA=B×i×t/365

IA: refers to the current accrued interest;

B: refers to the total par amount of the convertible bonds to be redeemed held by the holders of the convertible bonds;

i: refers to the current year’s coupon rate of the convertible bonds;

t: refers to the number of interest accrual days, before the first interest payment date, which refers to the period from the interest accrual start date to the redemption date of the current interest accrual year.

The actual number of calendar days (the beginning is not counted); after the first interest payment date, it refers to the actual number of calendar days from the last interest payment date to the redemption date of this interest accrual year (the beginning is not counting the last).

The redemption period of this convertible bond is the same as the conversion period, that is, from the first trading day six months after the end of issuance to the maturity date of this convertible bond.

If the conversion price is adjusted within the aforementioned thirty trading days, the conversion price and closing price before the adjustment will be used for calculation on the trading day before the adjustment day, and the conversion price and closing price after the adjustment will be used for the trading days after the adjustment day.

(2) The expected triggering of the redemption clause

From January 20, 2026 to February 12, 2026, the closing price of the company's stock has been no less than 130% of the current conversion price of "Hongbai Convertible Bonds" for 10 trading days (i.e. 7.10 yuan/share). If the closing price of the company's stock on at least fifteen trading days out of thirty consecutive trading days is not less than 130% (inclusive) of the current conversion price of "Hongbai Convertible Bonds", the conditional redemption clause of "Hongbai Convertible Bonds" will be triggered. At that time, according to the relevant provisions of the conditional redemption clause in the "Prospectus", the company's board of directors will have the right to decide to redeem all or part of the "Hongbai Convertible Bonds" that have not been converted into shares at the price of the bond's face value plus current accrued interest.

3. Risk warning

The company will determine whether to redeem the "Hongbai Convertible Bonds" this time after triggering the redemption clause of the convertible bonds in accordance with the provisions of the "Prospectus" and relevant laws and regulations, and will perform its information disclosure obligations in a timely manner.

Investors are advised to learn more about the redemption terms of the convertible bonds and their potential impact, pay attention to the company's subsequent announcements, and pay attention to investment risks.

Announcement is hereby made.

Board of Directors of Jiangxi Hongbai New Materials Co., Ltd.

February 13, 2026

Securities code: 605366 Securities abbreviation: Hongbai New Materials Announcement Number: 2026-010

Bond code: 111019 Bond abbreviation: Hongbai Convertible Bonds

Jiangxi Hongbai New Materials Co., Ltd.

Announcement on the progress of using idle raised funds for cash management

The company's board of directors and all directors guarantee that the contents of this announcement do not contain any false records, misleading statements or major omissions, and assume legal responsibility for the authenticity, accuracy and completeness of its contents.

Important content reminder:

Investment type: bank time deposit

Investment amount: RMB 60 million

Review procedures that have been performed and are to be performed: Jiangxi Hongbai New Materials Co., Ltd. (hereinafter referred to as the "Company") held the 19th meeting of the third board of directors and the 13th meeting of the third board of supervisors on April 28, 2025, and reviewed and approved the "Proposal on the Plan to Use Part of the Idle Convertible Corporate Bonds to Raise Funds for Cash Management" ", agreeing that the company will use no more than RMB 700 million (inclusive) of the funds raised from idle convertible corporate bonds for cash management to invest in investment products issued by financial institutions that are highly safe, liquid, and meet capital preservation requirements, and that the products will not be used for pledge or for investment activities for the purpose of securities investment. The period of use is 12 months from the date of review and approval by the board of directors. Within the validity period of the above quota and resolution, the funds can be used on a rolling basis. The company's board of supervisors issued a clear approval opinion on this proposal, and the sponsor issued a special verification opinion that clearly agreed.

Special risk warning: Although the company conducts cash management this time to purchase financial products with high safety, good liquidity, and meeting capital preservation requirements, the financial market is greatly affected by the macroeconomics, and it cannot be ruled out that this investment will be affected by market fluctuations. Investors are kindly requested to make prudent decisions and pay attention to preventing investment risks.

1. Overview of investment situation

(1) Investment purpose

In order to improve the use efficiency and income level of funds raised by convertible corporate bonds, and on the premise of ensuring the funds required for the company's convertible corporate bond investment projects and ensuring the safety of funds raised by convertible corporate bonds, the company plans to use part of the idle convertible corporate bond funds raised for cash management to appropriately increase the company's income and obtain better investment returns for the company and shareholders.

(2) Investment amount

The total investment amount is RMB 60 million.

(3) Source of funds

1. The source of funds for this cash management is funds raised from the company’s temporarily idle convertible corporate bonds.

2. Basic information on raised funds

Note: The "cumulative investment progress" in the above table is based on relevant data as of June 30, 2025.

(4) Investment methods

Jiujiang Hongbai New Materials Co., Ltd., a wholly-owned subsidiary of the company, purchased a bank time deposit from Chengdu Jintang Branch of Bank of Sichuan Co., Ltd. with idle raised funds of RMB 60 million. The product has a term of 1 year and a product expiration date of February 11, 2027. The product meets the conditions of use with high safety, good liquidity, and meets capital preservation requirements. There is no situation that will affect the normal progress of the investment project with raised funds, and there will be no situation that damages the interests of shareholders.

(5) Cash management of the company’s raised funds in the past 12 months to date

The amount and period of cash management products using the raised funds are within the authorized investment amount and period, and the product period does not exceed 12 months. The cash management status of the company’s raised funds in the past 12 months to date is as follows:

2. Review procedures

The company held the 19th meeting of the third board of directors and the 13th meeting of the third board of supervisors on April 28, 2025, and reviewed and approved the "Proposal on Using Part of the Idle Convertible Corporate Bonds to Raise Funds for Cash Management" and agreed that the company will use no more than RMB 70, The funds raised from idle convertible corporate bonds of RMB 0.0 million (including the principal amount) are used for cash management and are used to invest in investment products issued by financial institutions that are highly safe, have good liquidity and meet the requirements of capital preservation, and this product is not used for pledge, and is not used for investment activities for the purpose of securities investment. The period of use is 12 months from the date of review and approval by the board of directors. Within the validity period of the above quota and resolution, the funds can be used on a rolling basis. Within the quota, the general manager is authorized to exercise the investment decision-making power and sign relevant contract documents, including but not limited to: selecting a financial institution as the trustee, clarifying the cash management amount and period, selecting cash management product types, signing contracts and agreements and other legal documents. The company's financial department is authorized to organize and implement specific investment activities.

The company's board of supervisors issued a clear approval opinion on this proposal, and the sponsor issued a special verification opinion that clearly agreed. For details of the above, please refer to the "Announcement of Jiangxi Hongbai New Materials Co., Ltd. on the intention to use part of the funds raised from idle convertible corporate bonds for cash management" published by the company on the website of the Shanghai Stock Exchange (www.sse.com.cn) (Announcement No.: 2025-043).

3. Investment risk analysis and risk control measures

(1) Investment risks

Although the company conducts cash management this time to purchase financial products with high security, good liquidity, and meeting capital preservation requirements, the financial market is greatly affected by the macroeconomics, and it cannot be ruled out that this investment will be affected by market fluctuations. Investors are kindly requested to make prudent decisions and pay attention to preventing investment risks.

(2) Risk control measures

1. Relevant personnel of the company's financial department will promptly analyze and track cash management product investment directions and project progress. If adverse factors are found or judged in the assessment, corresponding measures will be taken in a timely manner to strictly control investment risks.

2. The independent directors, board of supervisors and audit committee have the right to supervise and inspect the use of cash management funds. If necessary, a professional organization can be hired to conduct an audit.

3. The company will perform its information disclosure obligations in a timely manner in accordance with the requirements of relevant regulations and normative documents of the China Securities Regulatory Commission and the Shanghai Stock Exchange.

4. Impact of investment on the company

The company uses the funds raised from idle convertible corporate bonds to subscribe for bank financial products without affecting the normal production and operation and capital needs for investment and construction projects and effectively controlling risks. It will not affect the normal development of the company's main business and the normal operation of daily operating funds. At the same time, it can improve the efficiency of the use of raised funds, further enhance the company's overall performance level, and seek more investment returns for the company and shareholders.

Announcement is hereby made.

Board of Directors of Jiangxi Hongbai New Materials Co., Ltd.

February 13, 2026

I really didn't expect that before the New Year's Eve party, three period dramas would already be on the screen. This year can be called the first year of period dramas.

But after a closer look, you can find that the other two movies are all starring young people, and their acting skills and texture are not interesting at all.

Only this "Good Time" is full of surprises from production to cast.

It does not rely on popular celebrities or exaggerated plots. It is on the news network based on its theme alone. CCTV drama reviewers even praised it for "writing about the changes in the lives of ordinary people and full of warmth over time."

After watching the screening of "Good Time", I found that this drama really has the confidence to compete with "Parents Love".

First look at the sincerity of the production team.

Different from today's crude period dramas, it took 125 days to shoot, just to restore the texture of the 1970s and 1980s.

Director Liu Jiacheng has previously filmed "Under the Zhengyang Gate" and "Love in the Courtyard" and is good at capturing the pyrotechnics of the times. Screenwriter Hao Yan is excellent at controlling emotional details. This is the basis for the delicate and tender drama.

As for the success or failure of a period drama, the acting skills of the actors are also at the core.

"Good Times" has a full cast of talented actors and no popular stars. Every actor has played their role vividly and in different states. Let's talk about them one by one below.

As the flagship of the series, Mei Ting's performance has attracted the most attention.

When mentioning her, everyone will always think of An Jie in "Parental Love", that delicate and gentle lady. The transformation from youth to old age she performed is deeply rooted in the hearts of the people. There is even a saying that "there will be no An Jie after Mei Ting".

And the Su Xiaoman she plays this time is completely different from An Jie, which is also the biggest attraction.

Su Xiaoman is a single mother with children. She is gentle but tenacious. After marriage setbacks, she still has expectations for life. When she and Zhuang Xianxian form a reorganized family, they have to face the opposition of their children and the trivial life.

She is not as delicate as Anjie, but more smoky and vicissitudes of life. She is the epitome of ordinary women of that era.

Mei Ting has been deeply involved in realism themes for many years. She does not accept popular dramas and polishes each work carefully.

I believe that with her starring role and stable performance, she will be able to support the tone of the series. Moreover, she is paired with Tian Yu, which makes the emotional scenes even more interesting.

Although Tian Yu is a talented actor who often plays supporting roles, he always stands out. Wang Qinian in "Celebrating More Than Years" and Teacher Wang in "Charlotte Trouble" are both impressive.

This time he plays Zhuang Xianxian, a widowed father who is honest, taciturn but considerate. He loves his children and supports each other with Su Xiaoman to build a new family.

This character is in great contrast to his previous comedic image, with less laughter and more warmth and responsibility. He is a typical good man of the era.

Tian Yu perfectly interprets Zhuang Xianjin's honesty and delicacy. He is not good at expressing love with words, but he gives it with actions.

During the movie watching party, when Su Xiaoman fell ill, he was clumsy in making medicine and cooking. His hands and feet were busy but he was extremely serious. The worry in his eyes could not be hidden, which was more contagious than exaggerated lines.

During the Spring Festival Gala, he wore a dark Chinese tunic suit. He had a calm temperament and a tall and straight posture, which fit the role very well. He made the image of a simple and honest father come to life with only the details.

Mei Ting and Tian Yu support the middle-aged emotional line, while Chen Haoyu carries the youth line. The Zhuang Haohao she plays is the most outstanding and empathetic young character in the play.

Chen Haoyu is not as well-known as the first two, but his acting skills are good. He performed brilliantly in "Ruyi's Royal Love in the Palace" and "Twinkle Twinkle Star" and is good at playing layered growth characters.

Zhuang Haohao is the eldest daughter of Zhuang Xianxian. After her father was widowed, she was forced to mature early and take on family responsibilities, take care of her younger siblings, and live like a "little adult".

She initially opposed her father's remarriage, not because she was unreasonable, but because she was worried that her father's love would be taken away and the family burden would be increased. This worry is real and heartbreaking.

Chen Haoyu vividly interprets her precocity, tenacity and sensitivity, with eyes that are sometimes stubborn and sometimes fragile.

During the film screening, the two scenes in which she cried while cleaning up her father's new house, and in which the family of three embraced each other in the rain and let go of their estrangements, were full of emotions and moved people.

The first three actors played tender and delicate roles, and the addition of Li Xueqin added laughter to the series and made the plot more vivid.

Everyone is familiar with her comedy talent, and her Northeastern accent brings laughter. She always makes people laugh in variety shows. At first, many people were worried that she would act in a period drama, but after watching the performance, they were slapped in the face.

She plays Ye Aihua, Su Xiaoman's best friend, a cheerful and enthusiastic northeastern girl who is straightforward and has no scheming, and is Su Xiaoman's most solid backing.

This role fits her own personality, and has the atmosphere of the era. Her carefree appearance hides gentleness, and she will comfort Su Xiaoman and persuade Zhuang Hao.

Li Xueqin did not deliberately act a comedy, but integrated humor into the character. The authentic Northeastern dialect and natural micro-expressions made the character stand up instantly.

After talking about the actors and production, let's look at the plot. This is the key to it being comparable to "Parents' Love".

Different from "Parental Love" which focuses on military officer families, "Good Time" tells the story of the reunion of a reorganized family. Su Xiaoman and Zhuang Xianxian take their children to overcome difficulties and manage their lives, making them closer to ordinary people and giving them a stronger sense of belonging.

There is no bloody plot in the series, but only the triviality and tenderness in the atmosphere. The conflicts in the reorganized family, the mutual help and calculation of the neighbors, and the entanglement of childhood sweethearts are all true reflections of the times.

It does not stereotype the characters, everyone has their own strengths and weaknesses, and it also incorporates the background of the times such as factory reform and the boom in going abroad.

This reality is in the same vein as "Parental Love", and it also gives the work both emotional warmth and contemporary thickness.

And besides, period dramas have become very popular in recent years, but classics are hard to come by. Most of them are idol dramas dressed in the guise of the period, without any memorable points.

But I think "Good Time" has its own characteristics. If it can capture the daily lives of ordinary people, it is a good drama.

Just as everyone loves period dramas, they miss the warmth and sincerity of that era.

"Good Time" does not deliberately sensationalize, but it can inadvertently touch people's hearts and remind people of family and warmth.

I believe it will bring surprises after it is broadcast, and I also hope that it can become a classic that can stand the test of time like "Parents' Love", illuminate our current life, and let us cherish the happiness in front of us.

For more than a year, there has been no progress worth mentioning in the ceasefire between Russia and Ukraine led by the Trump administration. The Europeans, who have been blocked from the negotiating table by the two hegemons, the United States and Russia, have long been unable to bear it.

If Putin and Trump think that Europeans are the ones footing the bill, they are wrong, because Brussels’ dissatisfaction is already written on their faces. Kaya Karas, the "female head" of the EU's security and foreign affairs affairs, is going to flip the table this time: Since the weak Trump does not dare to look down on Putin, whom he has worshiped all his life, and since the Trump administration will only force Ukrainian President Zelensky to make unilateral concessions, it is better for the Europeans to give Putin a "hard dish".

Top EU diplomat Karas | AP

Top EU diplomat Kaya Karas said on Tuesday (February 10) that she was drafting a list of concessions that Russia must make to ensure long-term peace in Ukraine, as U.S.-led talks aimed at ending the four-year-old Russia-Ukraine war have made little progress, the Associated Press reported.

Over the past week, as Russian and Ukrainian delegations were in Abu Dhabi for another round of talks hosted by the U.S. presidential envoy, Russian forces attacked a Ukrainian market using cluster munitions, killing seven people.

Negotiations last week yielded no breakthrough other than an agreement to conduct a prisoner exchange.

U.S. President Trump claimed during the 2024 campaign that he could end the war within one day, and later said it would be within 100 days. But now he has given Russian President Vladimir Putin a deadline to continue the war until June this year – a deadline for a peace agreement.

Despite Trump's repeated claims that he believed Putin wanted peace, European leaders were convinced that Russia had never negotiated seriously. Because Putin doubts the Trump administration can represent Europe and Ukraine.

Trump has always been an admirer of Russian President Vladimir Putin and has never criticized Putin for his war on Ukraine.

Based on the above reality, Karas said that the EU has begun to develop a "sustainable peace plan" to force Moscow to submit.

"We have just seen an intensification of Russian bombing of civilian facilities in Ukraine during these talks," said Karas, the EU's top security and foreign policy official. She was referring to the Russian military's continued attacks on Ukraine's power grid and heating systems during the coldest winter of the war.

Karas said that the 27 EU countries are currently "very grateful" to the diplomatic efforts of the United States, but "to achieve a sustainable peace, everyone sitting around the table, including Russians and Americans, need to understand that any decision you make needs the consent of the Europeans."

"We also have conditions," Karas told reporters in Brussels. "We should put these conditions on the Russians, not on the Ukrainians who are already under tremendous pressure."

Those conditions could include requiring Russia to return tens of thousands of Ukrainian children who may have been abducted, as well as limiting the size of Russia's armed forces after the war (Russia insists on limiting the size of Ukraine's military).

"The Ukrainian army is not the problem, the Russian army is. Russian military spending is. If they invest so much in military, they will use it again," Karas said.

It is reported that this draft of the European "war ticket" may be circulated among EU member states in the next few days and may be discussed at the EU Foreign Ministers' Meeting on February 23.

In December last year, the EU announced an interest-free loan of 90 billion euros to Ukraine.

Shifting war pressure from Ukraine to Putin

Karas pointed out that Ukraine currently relies on the support of the United States in the hope of ending the war, but this dependence has forced it to make almost all concessions.

"Putting pressure on the weaker party may always get results faster, but it's just a dead letter saying we have peace. It doesn't guarantee Ukraine or anyone else against another Russian attack."

Karas said the Europeans do not want to start an independent peace negotiation track (which is likely to be directly ignored by Russia). Russian officials have said they are waiting for the Trump administration to fulfill the promises he made to Russian President Vladimir Putin at last year's summit.

Karas described Russia's territorial claims as "absolutely extremist demands" and insisted that Europe must "change the narrative" and increase pressure on Putin.

"Everyone wants this war to stop except the Russians," she said. "We can push them to the point where they have to end the war, but they're not there yet. Unfortunately, it's not a simple solution."

Citing recent intelligence assessments, Karas said Putin was struggling to recruit soldiers to continue his war effort and insisted that EU sanctions were hurting Russia's economy, causing it to suffer from high inflation.

"We need to get from where they're pretending to negotiate to where they're actually negotiating, but we're not there yet."

russian president putin

The struggles of the Trump administration over the past year or so since it came to power have shown that the more Americans want a "quick victory" and even let Ukraine cede territory in exchange for peace, the more they are manipulated by Putin and the more they condone Putin's more brutal attacks on Ukraine.

However, EU leaders, who are close to this war, value "long-term security" more. Karas was actually shouting to Trump: "Don't just force Ukraine to cede territory and pay compensation. Putin also has to spit out something! Otherwise, this victory will belong to Putin."

Extended reading: Putin deceived Trump: Zelensky was asked by the United States to cease the war before June

Securities code: 000688 Securities abbreviation: Guocheng Mining Announcement Number: 2026-012

Guocheng Mining Co., Ltd.’s progress announcement on external guarantees

The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and that there are no false records, misleading statements or major omissions.

1. Overview of Guarantee

Guocheng Mining Co., Ltd. (hereinafter referred to as the "Company" or "Guocheng Mining") held the 40th meeting of the 12th Board of Directors and the 2025 Sixth Extraordinary General Meeting of Shareholders on September 8, 2025 and September 24, 2025 respectively for review The "Proposal on Increasing the Amount and Guarantee Objects of External Guarantees in 2025" was passed, and it was agreed to provide an additional guarantee of no more than RMB 1,550 million for the company's subsidiary Sichuan Guocheng Lithium Co., Ltd. (hereinafter referred to as "Guocheng Lithium"). The usage period of the above quota is from the date of approval by the sixth extraordinary general meeting of shareholders in 2025 to March 16, 2026. For details, please refer to the "Announcement on Increasing the Amount of External Guarantees and Guarantee Objects in 2025" (Announcement No.: 2025-071) and the "Announcement on the Resolution of the Sixth Extraordinary General Meeting of Shareholders in 2025" (Announcement No.: 2025-077) disclosed by the company on designated media on September 9, 2025, and September 25, 2025.

Recently, Guocheng Lithium signed a financial leasing contract with Bank of Communications Financial Leasing Co., Ltd. to carry out financial leasing business through direct leasing. The financing amount is RMB 108.445 million. The company provides joint liability guarantee for the above business.

The above guarantees are specific guarantee matters that occurred within the scope of guarantees reviewed and approved at the 40th meeting of the company's 12th board of directors and the sixth extraordinary general meeting of shareholders in 2025, and do not need to be submitted again to the board of directors and shareholders' meeting for review. This guarantee does not constitute a related transaction.

2. Basic information of the guaranteed party

1. Company name: Sichuan Guocheng Lithium Industry Co., Ltd.

2. Date of establishment: February 13, 2023

3. Registered address: Deyang-Aba Ecological Economic Industrial Park, Mianzhu City, Sichuan Province

4. Legal representative: Deng Ziping

5. Registered capital: RMB 1,000,000,000

6. Unified credit code: 91510683MAC86XF20Q

7. Business scope: General projects: manufacturing of basic chemical raw materials (excluding manufacturing of hazardous chemicals and other licensed chemicals); manufacturing of non-ferrous metal alloys; sales of non-ferrous metal alloys; processing of renewable resources; technical services, technology development, technical consultation, technology exchange, technology transfer, technology promotion; import and export of goods. (Except for items that require approval according to law, business activities can be carried out independently with a business license in accordance with the law) Licensed items: road cargo transportation (excluding dangerous goods); inspection and testing services. (Projects that require approval according to law can only be carried out with the approval of relevant departments. Specific business projects shall be subject to the approval documents or licenses of relevant departments)

8. Equity structure: Guocheng Mining holds 75% of the shares, Deyang Investment Holdings Industrial Investment Co., Ltd. holds 25%, and the actual controller is Mr. Wucheng.

9. Main financial data

Unit: 10,000 yuan

10. Guocheng Lithium has a good credit standing and is not a defaulter.

3. Main contents of the guarantee agreement

1. Guarantee method: joint liability guarantee guarantee.

2. Scope of guarantee: The scope of the guarantee is all the debts that the debtor should pay to the creditor under the main contract, including but not limited to the lease principal, rent interest, nominal price of the leased property, liquidated damages for delayed payment, liquidated damages, compensation, and other payables (including but not limited to debt interest and delayed performance fees arising from the debtor's failure to perform the monetary obligation to pay money within the time limit specified in the legal document as stipulated by law). etc.) as well as the litigation fees, preservation fees, preservation guarantee fees (preservation insurance premiums), execution fees, attorney fees (subject to the contract signed by the creditor and the law firm, including all fees paid and payable by the creditor), agency fees, consulting fees, travel expenses, appraisal fees, appraisal fees, notarization fees, certification fees, expenses incurred in recovering and disposing of the leased property and other reasonable expenses paid by the creditor to realize the creditor's rights.

3. Guarantee period: The guarantee period starts from the effective date of this contract and ends three years after the expiration of the performance period of the main contract.

4. Impact of the guarantee provided this time

This time, the company provided guarantee for Guocheng Lithium Industry, which will help Guocheng Lithium Industry's development and its demand for funds. Other shareholders of Guocheng Lithium did not provide guarantees of the same proportion and did not set up counter-guarantees. Guocheng Lithium Industry is a controlled subsidiary of the company. The company can keep abreast of its credit and financial status, and the guarantee risks are controllable. This guarantee will not harm the interests of the company and shareholders, and will not have an adverse impact on the company's normal operations and business development.

5. Cumulative number of external guarantees and number of overdue guarantees

As of the disclosure date of this announcement, the actual external guarantee balance of the company and its holding subsidiaries is 2,126.3512 million yuan, accounting for 71.10% of the company's latest audited net assets. After this guarantee is provided, the actual external guarantee balance of the company and its holding subsidiaries will not exceed RMB 2,234,796,200, accounting for 74.73% of the latest audited net assets of the listed company. Except for the guarantee provided to Malkang Jinxin Mining Co., Ltd., the company and its holding subsidiaries have not provided guarantees to units outside the consolidated statements. The company and its holding subsidiaries have no overdue guarantees, guarantees involved in litigation, or losses due to the judgment of losing the guarantee.

Announcement is hereby made.

Board of Directors of Guocheng Mining Co., Ltd.

February 12, 2026

Securities code: 600488 Securities abbreviation: Jinyao Pharmaceutical No.: 2026-007

Jinyao Pharmaceutical Co., Ltd.

Regarding the products of the company and its subsidiaries that are planned to be selected for centralized drug procurement organized by the country

Announcement on the continuation of procurement of varieties upon expiration of the agreement

The company's board of directors and all directors guarantee that the contents of this announcement do not contain any false records, misleading statements or major omissions, and assume legal responsibility for the authenticity, accuracy and completeness of its contents.

Recently, Jinyao Pharmaceutical Co., Ltd. (hereinafter referred to as the "Company") and its holding subsidiaries participated in the continuation procurement of the 1-8 batches of national centralized procurement drugs upon expiration of the agreement (hereinafter referred to as "this continuation procurement") organized by the State-Organized Procurement Office for the Expiration of Agreements on Centralized Drugs (hereinafter referred to as the "Continuation Procurement Office"). According to the "Announcement of Result of Proposed Continuation Procurement of Variety Expiration of the National Organized Centralized Drug Purchase Agreement" issued by the Continuation Procurement Office on February 10, 2026, some drugs of the company and its holding subsidiaries are planned to be selected for this continuation procurement. The relevant information is now announced as follows:

1. Basic information on the drugs to be selected

Note: This continuation procurement information is subject to the final data released by the Continuation Procurement Office.

2. The impact of this proposed election on the company

According to this continued procurement rule, the company is temporarily unable to obtain the accurate supply price and quantity. The procurement cycle for the drugs to be selected this time is from the date of execution of the winning results to December 31, 2028.

The total sales revenue of the drugs to be selected by the company in 2024 will be RMB 323 million, accounting for 10.03% of the company's operating income in the same period; the sales revenue in the first three quarters of 2025 will total RMB 250 million (unaudited), accounting for 11.20% of the company's operating income in the same period.

The winning results of this continued procurement are expected to be implemented by the end of March 2026, that is, medical institutions in each province will begin to sign purchasing contracts with manufacturers based on the winning results and purchase on a rolling basis. If the subsequent purchase contract is signed and implemented, it will further expand product sales, increase market share, enhance the company's brand image, and promote the further development of the company's preparation business.

3. Risk warning

At present, the subsequent matters such as the signing of the purchase agreement for the above-mentioned drugs and the implementation of market sales are still uncertain. Investors are advised to make prudent decisions and pay attention to investment risks.

Announcement is hereby made.

Board of Directors of Jinyao Pharmaceutical Co., Ltd.

February 12, 2026

I thought that after living in a luxury nursing home, I would get better nursing care services. However, when my son sent me to a luxury nursing home that paid more than 7,000 yuan per month, after living there for a year, I truly understood: No matter how good or expensive a nursing home is, there are some things that you cannot buy no matter how much money you spend.

I am 75 years old and have lived a good life for the first half of my life. When I graduated from high school, my parents arranged for me to work in a state-owned enterprise. In my early 20s, I was matched to marry my wife who was in the system.

Although he only gave birth to one son, he was very promising. He went to college and went to teach in the provincial capital after graduation. Then he relied on his own efforts to settle down in the provincial capital without letting us worry.

I thought that with a family like mine, people would live smoothly and happily in their later years. But before the age of 65, I was still living a good life. When I was 65, after my wife passed away due to illness, I began to feel that life was difficult.

My son lives in the provincial capital all year round. Although he comes back to see me once a month, it is really difficult to live alone every day without his wife.

My filial son has always wanted me to move to the provincial capital, but I tried to live there for a while and found that I really couldn't adapt to the life there. There were cars and people everywhere, and it was noisy and complicated.

Living with my son and his family of three also feels a lot of inconvenience. My habits often conflict with theirs. Although my son and daughter-in-law don’t care about it, I still consciously come back and live by myself. Compared with the discomfort of my family, I would rather work harder on my own.

After my wife left, I lived alone in my hometown for more than ten years. At the beginning, I could still buy groceries, cook, clean, go out for a walk every morning, and chat with old sisters in the community. Once I got used to it, I didn’t feel lonely.

But as I entered my 70s, my health began to deteriorate. My legs and feet are getting worse and worse, and my brain is a little forgetful. I forget to bring my keys when I go out several times, lock myself out, and have to trouble my son to ask someone to unlock the door.

After experiencing this several times, my son became very worried about me and asked me to live in the provincial capital, but I refused every time.

My son couldn't do anything about it, so he discussed with me and said that if I didn't want to go to the provincial capital, he would find a better nursing home for me to live in. He said that there is a nursing home in the city with a good environment and professional care, which is very suitable for me to live in, and he can rest assured that I will go.

Just like that, in the spring of the year before last, I asked my son to send me to that relatively high-end nursing home.

Only after I went there did I realize that this nursing home is really good. I live in a single room that costs 7,000 yuan per month. Although it is not big, only 18 square meters, it is fully equipped with independent bathroom, air conditioner, refrigerator, TV, washing machine, and a small desk.

The facilities in the courtyard are also very good, with gardens, fountains, gyms, chess and card rooms, reading rooms, medical offices, etc. What I like most is its restaurant, which has a rich menu and is very suitable for the elderly.

There are many nursing staff, and they are very enthusiastic and diligent. They come every morning and evening to clean the house, make the bed, and remind me to take medicine on time. If I feel uncomfortable, I can have them come to me with just one click of a call.

In the first few months after I moved in, I was very comfortable and happy. Every day I would follow the elderly people in the courtyard to play Tai Chi and do morning exercises in the garden, go to the chess and card room to play cards, go to the reading room to read, and go to the auditorium to watch some performances by the elderly. Even if you don't go anywhere, you can still watch TV in the room and chat with old friends. Life is quite fulfilling.

But after living there for three months, I gradually felt uncomfortable. For example, I wanted to hang the photos of my parents and my wife in my room, but the caregiver disagreed, saying they were afraid of the negative impact. I brought a pot of green plants from home that my wife planted before she died, but the caregiver refused to let me put it in the room because she was afraid of bugs.

I'm used to going to bed at 11 or 12pm, but the nursing home stipulates that the lights must be turned off before 10pm. If the lights are not turned off at the end of the day, the caregivers will come over to remind me. Although their tone is polite, it always makes me feel uncomfortable.

What makes me even more uncomfortable is that the door of the room cannot be locked. It is said to be convenient for the nursing staff to inspect, and they can come in at any time if anything happens. However, I feel that there is no privacy like this. Sometimes I am really afraid that someone will break in suddenly.

Besides, there is no one here who really cares about me. One time, I caught a cold and didn't want to move. The nurse brought me medicine and warm water, said, "Auntie, take a good rest," and then turned around and left. I lay down all day that day without eating lunch, and no one asked me if I had eaten. It wasn’t until I was so hungry that I went downstairs to look for food, and the nurse realized that I hadn’t eaten all day.

Except for me, the few elderly people around me don't think such an expensive nursing home is good. For example, Uncle Wang, who lives next door to me, is 81 years old. He was a cadre before retiring. His family is well off and he lives in a suite. He usually seems to be very happy in the nursing home. He sings and dances every day and is very enthusiastic about everyone.

But in private, I often see him hiding on the balcony, holding the photo of his wife’s body and feeling depressed.

One time I asked him why he was so unhappy despite living in such a good nursing home, but he said that life in the nursing home was a routine every day, and it could be seen at a glance, without any hope or meaning.

In addition, life and death are easy to meet here. People who may be playing cards and chatting together today will fall ill, be picked up by their children, or pass away tomorrow. Having experienced the death of his wife himself, he often feels uncomfortable when witnessing such farewells.

And I have a similar experience. The first two friends I met when I entered the nursing home, one passed away half a year after I moved in, and the other was seriously ill and was sent home for treatment. Seeing the two of them suddenly leaving like this, I felt very uncomfortable. It is even easy to think of sudden death, and I will not be in a good mood those days.

So, after living in a nursing home for a year, I couldn't stay any longer and asked my son to go home.

My son didn’t understand at first. He thought this nursing home had a good environment and professional nurses. Many people would never have the chance to come here. Why would I want to leave? But I told my son: No matter how nice this place is, it is not home, and I feel that no matter how expensive a nursing home is, no matter how complete the facilities, no matter how professional the care is, it cannot buy the three things I want.

The first is freedom. At home, you can do whatever you want, but in a nursing home, no matter how good the conditions are, you have to listen to others and be bound by various rules everywhere. Work and rest are strictly controlled. You cannot decorate the room casually, eat your favorite snacks, or go out at will. You must apply in advance every time you go out.

The second thing is true companionship. Although a person will feel lonely at home, he will feel very happy if he can often see his old neighbors and familiar relatives and friends who can often visit his home. Even if there are not many people to accompany you, looking at everything familiar in the house will make you feel warm in your heart.

In a nursing home, no matter how good the caregivers are, they will not really treat me as one of their own. There are also the elderly people in the hospital who seem to live in the same hospital. At the same time, they are very close to chatting and playing cards with each other in their old age. However, when they are in trouble, no one will really care and accompany them. Living in such a good nursing home seems carefree, but in fact, it is restricted in every aspect, and there is no freedom like at home.

The third thing is the warmth of home. Although my house is old, there are traces of the life my wife and I lived here, and there are things I am familiar with. Everything in the house, whether good or bad, cheap or expensive, will be full of memories of the past, making me feel different when I see it. In the nursing home, although it is clean and tidy and has complete facilities, there is nothing that I care about, and there are no memories of the past. After all, it is not as warm as home.

In the end, I feel that for the elderly, they do not need a luxurious retirement environment in their old age. They just need to be given a place where they can live comfortably and warmly.

There are also nursing homes, which are just a last resort for us in our later years, not our best destination. Therefore, it is recommended that the majority of elderly people: if they can live at home, it is better to take care of themselves at home.

If this nationwide online collection and broadcasting event is regarded as a "professional competition" in the field of Internet content creation and communication, then judging from the results, one thing is surprising: there are experts in spreading positive energy online, and there are a group of "sweeping monks" who are not inferior to traditional formal media practitioners in terms of media literacy and professional narrative communication capabilities. The best among them even surpass them in some skill dimensions. Among them, there are aerospace photographers who used their lenses to lock in the miracle of speed and capture the moment when Shenzhou 21 "pierced" the moon; there were blind female college students who recorded that they continued to receive help from kind people on the 1,200-kilometer journey back home; there were people who overcame numerous crises after the founding of the People's Republic of China and walked out of the 300-year journey. The struggle process of the annual cycle is narrated, and it talks about the knowledge blogger in the hearts of the people… These works are either professional, touching sincere, or vivid. The delicacy and freshness of individual perspectives form an active and valuable complement to the solemnity and calmness of the mainstream narrative of media organizations.

It is not difficult to find that a content production and dissemination pattern has emerged: on the supply side of high-quality Internet content, traditional mainstream media, emerging platforms, and an increasing number of individual bloggers who are emerging in the vertical field are forming a value confluence and working together to create a new communication pattern of "diversity coexists and beauty is shared."

Behind the formation of such a new situation, there are profound new characteristics and new trends driving the production and dissemination of Internet content. Looking around, a lot of changes have already taken place. Just recently, China Central Radio and Television's "2026 Spring Festival Gala" and Station B, the exclusive barrage video platform for the Spring Festival Gala, jointly announced that this year's Spring Festival Gala will introduce the participation of UP hosts from Station B for the first time. The Spring Festival Gala director team actively solicited opinions from UP hosts during the planning process of the gala, and the average age of the latter was less than 30 years old. The Spring Festival Gala has always been called the "spiritual New Year's Eve dinner" of the Chinese people. Now it takes the initiative to break the path dependence and strives to break the cultural circle from "watching the Spring Festival Gala" to "playing the Spring Festival Gala".

From the Spring Festival Gala's pursuit of innovation, we can see that the traditional definition of a creator's "identity" is also quietly undergoing adjustments based on Internet thinking. Looking further, today, the "moat" of content creators and disseminators is being redefined – it is no longer a barrier of identity or exclusive privileges, but is characterized by the full flow of creativity. In the vast ocean of the Internet, how can "good voices" become louder? How to discover "good stories" that are marked by the times, how to tell them well, so that more people are willing to like and forward them, and use their fingertips to promote the transmission of positive energy? In the current reshaping of the Internet communication landscape, "content is king" is still fundamental, but the ice-breaking of mechanisms and concepts is even more critical – whoever can tell a good story is a good narrator.

It can be said that with the development of society and the progress of the times, people's needs for spiritual life have become further enriched, and their appreciation and creativity have also increased. More and more people are not only satisfied with reading and watching, but also have the internal drive to participate in the production and dissemination of spiritual culture. Therefore, on the leading mobile Internet channel, mainstream media organizations and emerging platforms as well as outstanding Internet content creators "compete" on the same stage, each showing their strengths, widely stimulating innovation and creativity, and producing more high-quality masterpieces filled with positive energy, which will jointly form the mainstream and normality of online content production and dissemination.

Win large traffic with high quality, let the large traffic surge with positive energy, and the traction of policies is also accelerating. Just last year, the Propaganda Department of the Shanghai Municipal Party Committee and the Cyberspace Administration of the Municipal Party Committee launched the "Shanghai Nine Articles" to promote the creation of high-quality Internet content. Support the construction of high-quality Internet content creation clusters, and provide outstanding content creators with support such as settlement, rewards, and professional title evaluations…Shanghai is actively embracing more individuals with creative enthusiasm and ability through top-level design and policy guidance.

From an online collection of high-quality products, to the opening of the "National New Year's Eve Dinner" to welcome new talents, to a city's institutional introduction of talents, a signal gradually became clear: to stimulate the vitality of innovation and creation, it is entirely possible for the general public to become the main body of cultural creation. Broadly speaking, this is an inevitable requirement for building a culturally powerful country, and we must better gather the wisdom and strength of all people. From a practical perspective, this will further force mainstream media to accelerate the pace of systemic change and win future-oriented initiatives with content advantages through content innovation, expression innovation, and technological innovation.

As a journalist, I also feel that a group of Internet bloggers and influencers who can easily produce "100,000+" or even "1 million+" or "10 million+" hit works have made many colleagues sigh with emotion, "It's really rolled up." How to learn from the user thinking and quick response capabilities of large platforms? How can we learn from some excellent bloggers the creative experience of "telling big stories through small incisions"? There may be a lot left for practitioners in professional content production and dissemination organizations to think about.

On the evening of February 9, four tourists ignored the previous ban from the four departments of Deqin County, Diqing Prefecture, Yunnan Province, and entered the prohibited undeveloped high-risk area of ​​Yubengshen Lake without reporting and were trapped after hiking and exploring. The local area immediately organized 19 rescue forces to search and rescue overnight. At noon on the 10th, they found and escorted three trapped people down the mountain, and one person was lost. Subsequently, the local area once again mobilized a search and rescue team of 31 people. Overcoming multiple difficulties, the search and rescue method was carried out on foot + drone. The missing person was found at 20:00 on the 11th and was safely escorted down the mountain at 18:00 on the 12th.

The police stated that those who enter undeveloped or unopened areas without authorization, refuse to listen to dissuasion, disrupt the order of the scenic spot or cause dangerous situations will be dealt with in accordance with the law. All rescue costs, legal liabilities and safety consequences arising therefrom shall be borne by the parties themselves.

On the evening of February 9, four tourists entered the undeveloped and unopened area – Yubengshen Lake for a hiking expedition without approval or reporting to the relevant authorities, and were trapped. After receiving the alarm, the Deqin County Public Security Bureau immediately launched an emergency rescue plan, organized the police force of the police station, and combined fire rescue personnel and local guides, a total of 19 people went into the mountain overnight for search and rescue. After all-out search and rescue efforts, the three trapped persons were successfully found and safely escorted down at noon on February 10, while one person was lost.

In order to fully search for and rescue the missing persons, a total of 31 people including public security police, fire rescue personnel, township government staff, forestry and grassland bureau fire fighters, medical staff, scenic area staff, and local people familiar with the terrain were once again mobilized to form a search and rescue team. They entered the mountain again at 18:00 on the 10th to carry out comprehensive search and rescue. Because this area is an undeveloped, unopened, unprotected and unprotected wilderness dangerous area with steep mountains, many cliffs and gravel slopes, and incomplete communication signal coverage, making search and rescue extremely difficult. The rescuers overcame multiple difficulties such as hypoxia, severe cold, and complex terrain, and adopted a "hiking + drone" method to carry out blanket search and rescue. The last missing person was successfully found at around 20:00 on the 11th, and his vital signs were stable. He was safely escorted down the mountain at around 18:00 on February 12.

The Paper noted that on October 14, 2025, Deqin County Culture and Tourism Bureau, Deqin County Forestry and Grassland Bureau, Deqin County Emergency Management Bureau, Deqin Branch of Diqing Prefecture Ecological Environment Bureau, etc. jointly issued a document clearly prohibiting any unit or individual from carrying out tourism, hiking, adventure and other activities in undeveloped, unopened, unsafe and unaided areas in the county. The Yubengshen Lake hiking route is an undeveloped high-risk area that is expressly prohibited from entering. Obvious warning signs and no-entry signs have been set up at the entrances along the route to clearly prohibit tourists from entering. This area is located in the hinterland of Mantsim Peak in the Meili Snow Mountains, with an altitude of up to 4,700 meters and a large drop. The mountains are steep, the snow is deep, and the ice is slippery. There are no stable communication signals, no safe trails, and no emergency supplies. The weather on the plateau is changeable, and the night temperature is extremely low. Search and rescue are extremely difficult. There have been many safety hazards such as people being trapped and missing contact.

The Paper learned from the Deqin police that they will work with scenic spots and towns to increase patrol control and warning and dissuasion measures in undeveloped areas. Anyone who enters an undeveloped or unopened area without authorization, refuses to listen to dissuasion, disrupts the order of the scenic spot or causes a dangerous situation will be dealt with in accordance with the law; all rescue costs, legal liabilities and safety consequences arising therefrom shall be borne by the parties themselves.

"We propose to all retired comrades in the military and all seniors with silver hair…" "We propose to all friends in red scarves…" In the Nanchang August 1st Uprising Memorial Hall, the voices of one old and one young echoed intertwinedly, and a special red inheritance ceremony was underway.

In the winter vacation of 2026, the second phase of the "Splendid Red Road Practical Course" jointly created by the Shanghai Navy Customs Closure Working Committee and the Shanghai Youth Working Committee will start. 10 retired military cadre representatives and 20 red scarf representatives rushed from the birthplace of the Party to Jiangxi, the cradle of the people's army.

If the first practical class successfully built a bridge across ages and regions, then this time the exploration goes further: using art to awaken history, using equality to protect children's innocence, and using thinking to ask about the future.

When history is "awakened" by an opera

The Shanghai Naval Customs and Border Protection Working Committee invited professional actors from the opera "August 1st Uprising" to come to the historical site and sing passionately while the old comrades and children visited.

When the young actors who played Zhou Enlai and He Long sang their inner chants before making the decision, and when the memorial hall reproduced the impassioned moments before the expedition, the abstract history suddenly took on breath and warmth. Wang Aihua, a retired military cadre and the granddaughter of Wang Jinmei, the first representative of the Communist Party of China, said: "The red seeds planted at the historical scene will have a lifelong impact. Next year will celebrate the 100th anniversary of the founding of the army. It is not easy to conquer the country, and protecting the country requires the courage of the younger generations."

The flag presentation by Yan Yupeng, deputy director of the Shanghai Veterans Affairs Bureau, and the torch passed by Zhao Guoqiang, director of the Shanghai Municipal Youth Working Committee, together with the initiative recitation by young and old together and the explanation of the local red scarf, aroused deep resonance at the scene. The flag and torch have also become precious tokens that carry the heartbeat of young and old alike. This is the same frequency of spirit, and it is also an affectionate greeting that spans time and space.

When donations are "replaced" by a bazaar

The "Shanghai Retired Cadres Hope Primary School" located in Quanfeng Town, Xiushui County, Jiangxi Province, embodies the continuous care of the Shanghai Retired Cadres group for 24 years, and is also a destination of special significance for this practical class. Teenagers from Shanghai and Jiangxi formed teams freely to win their favorite books through cooperation.

"Our group won 5 books, that's awesome!" "I like these books very much, and I read some of them during this winter vacation!" The children excitedly asked their grandparents to share their joy. Chen Yong, a retired military cadre, smiled and sighed: "Now the children in the old revolutionary areas are more confident! That look in their eyes is different." He said that this place has long been another "home" for retired military cadres in Shanghai. Every time he comes, he hopes to use his personal experience to encourage the children to study and become talents, and to become rising stars in revitalizing their hometown.

When thinking is ignited by a debate

In Anyuan, the cradle of children's sports in China, a mini debate held in the team room of the Memorial Hall centered on "The key to red inheritance is to change education or change the audience." Retired military cadres come among the children, no longer as lecturers, but as "ideological mentors." "At that time, a child said that if there is no novel form, no matter how good the content is, students will not like to watch it. The example he gave was the opera in the Bayi Pavilion." Han Xinghua, a retired military cadre who served as the instructor, recalled, "I immediately grasped this point and guided him: 'Then what do you think is the novel form or the emotional power contained in the content that moved people?'" A question led to deeper thinking. Historical knowledge has thus become a "weapon" for children to defend their views.

At the Miners' Movement Memorial Hall on Anyuan Road, the children searched for clues at the historical site and turned around to interview their retired military grandparents. The "spirit of the labor movement" instantly changed from a concept to an understandable life choice. Another retired military cadre mentor was also deeply touched, "I realize the value of this mentoring model. The children's outstanding performance confirms that 'pair mentoring' is an effective way to pass on the red gene. I hope the children will cultivate their interests in practice, strengthen their learning in their interests, and thrive."

The "cross-age, cross-province, and cross-border" "Splendid Red Road Practical Course" integrates the role of military retired cadres between the birthplace of the Party and the birthplace of the Chinese revolution, between Shanghai military retired cadres and Shanghai "red scarves", between Shanghai military retired cadres and Hope Primary School, between Shanghai "red scarves" and children in old areas, and between Shanghai retired military cadres and retired soldiers in old revolutionary areas, realizing a "five-stage" two-way journey on the Long March in the new era.

The inheritance of the red gene can no longer rely on one-way narration and admiration, but can be sublimated into the same frequency resonance of the spirit between old and young. Its ultimate purpose is to cultivate thinkers and actors who can use historical wisdom to create the future. The "Splendid Red Road" is not only a study route, but also a warm and righteous path that allows good traditions and the new era to embrace each other, keeps the red blood alive forever, and allows the spiritual river to flow warmly and vigorously in the lives of one generation after another.

Securities Code: 002008 Securities Abbreviation: Han’s Laser Announcement Number: 2026011

Han's Laser Technology Industry Group Co., Ltd.

Pre-disclosure announcement on reduction of shares held by controlling shareholders

The controlling shareholder Han's Holding Group Co., Ltd. guarantees that the information provided to the company is true, accurate and complete and contains no false records, misleading statements or major omissions.

The company and all members of the board of directors guarantee that the content of the announcement is consistent with the information provided by the information disclosure obligor.

Special reminder

Han’s Laser Technology Industry Group Co., Ltd. (referred to as the “Company” or “Han’s Laser” in this announcement) is the controlling shareholder that holds 161,773,306 shares (accounting for 15.71% of the company’s total share capital). Han’s Holding Group Co., Ltd. (referred to in this announcement as "Han's Holdings") plans to reduce its holdings of the company's shares by no more than 9,958,170 shares (accounting for 0.9672% of the company's total share capital of 1,029,603,408 shares) through centralized bidding within 3 months after 15 trading days from the date of disclosure of this announcement.

The company recently received the "Notification Letter of Shareholding Reduction Plan" issued by its controlling shareholder Han's Holdings, and the specific information is now announced as follows:

1. Basic information of shareholders

As of the disclosure date of this announcement, Han's Holdings is the company's controlling shareholder, holding 161,773,306 shares of the company, accounting for 15.71% of the company's total share capital; Mr. Gao Yunfeng, a person acting in concert with Han's Holdings, holds 96,319,535 shares of the company, accounting for 9.36% of the company's total share capital. Han's Holdings and its person acting in concert, Mr. Gao Yunfeng, hold a total of 258,092,841 shares of the company, accounting for 25.07% of the company's total share capital.

2. Main contents of this shareholding reduction plan

(1) Specific arrangements for the shareholding reduction plan

1. Reason for proposed reduction: shareholders’ own capital needs

2. Sources of shares to be reduced: shares before the company’s initial public offering, shares transferred before the share-trading reform, and additional shares issued after listing (including shares obtained by the company’s implementation of capital reserve conversion into share capital over the years)

3. The number of shares planned to be reduced and the proportion of the company's total share capital: the number of shares planned to be reduced shall not exceed 9,958,170 shares, accounting for 0.9672% of the company's total share capital of 1,029,603,408 shares

4. Planned reduction method: centralized bidding transactions will be adopted. Within any 90 consecutive natural days, the total number of shares to be reduced shall not exceed 0.9672% of the company’s total shares. The specific conditions are as follows:

During the reduction period, if there are changes in shares such as bonus shares, transfer of capital reserves to share capital, allotment of shares, etc., the number of shares to be reduced and the reduction ratio will be adjusted accordingly.

5. Holding reduction period: Within three months after 15 trading days from the date of disclosure of this announcement (from March 16, 2026 to June 12, 2026, except for the period when reduction of holdings is not allowed in accordance with laws, regulations and normative documents)

6. Holding reduction price: determined based on the secondary market transaction price at the time of holding reduction

7. Han’s Holdings does not have the circumstances stipulated in Articles 5 to 9 of the “Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 18 – Reduction of Shareholdings by Shareholders, Directors and Senior Management Personnel”.

(2) Shareholders’ commitments and implementation

Han's Holdings promised on March 20, 2003 that the issuer's shares it holds will not be transferred within three years from the date of establishment of the issuer, and will not be transferred within one year from the date of listing of the issuer's shares on the stock exchange.

Han’s Holdings’ commitment to voluntarily lock up the shares held before the initial public offering: within 12 months from the date of the company’s listing, the company’s shares will not be transferred, nor will the company repurchase its shares.

Han's Holdings promised in the "Ownership Split-Trading Reform Statement" that the company's non-tradable shares held by it will not be listed for trading or transferred within 12 months from the date of implementation of the equity split reform plan; after the expiration of the above commitment period, the company's original non-tradable shares will be sold through listings on the Shenzhen Stock Exchange. The proportion of the sales amount to the total number of the company's original non-tradable shares held by the promisee will not exceed 10% within 12 months, and will not exceed 30% within 24 months.

As of the disclosure date of this announcement, the controlling shareholder Han’s Holdings has strictly fulfilled its commitments and has not violated the above commitments.

3. Related risk warnings

1. Han’s Holdings, which plans to reduce its shareholding this time, will decide whether to fully or partially implement this shareholding reduction plan during the reduction period based on factors such as market conditions, the company’s stock price, etc., so the implementation of this shareholding reduction plan is uncertain;

2. The implementation of this shareholding reduction plan will not lead to a change in the company’s control, nor will it have an impact on the company’s governance structure and ongoing operations;

3. This shareholding reduction plan complies with the relevant provisions of laws, regulations, departmental rules and normative documents such as the "Securities Law of the People's Republic of China", "Interim Measures for the Management of Share Reductions by Shareholders of Listed Companies", "Shenzhen Stock Exchange Stock Listing Rules", "Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 1 – Standardized Operations of Main Board Listed Companies", "Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 18 – Reduction of Shareholdings by Shareholders, Directors and Senior Management" and other laws and regulations, departmental rules and normative documents;

4. There is no situation in this shareholding reduction plan that should be disclosed in accordance with relevant laws, regulations, departmental rules, normative documents and relevant provisions of the China Securities Regulatory Commission but has not been disclosed, nor is there any situation in which interests are transferred or used to damage the interests of the company and investors in other ways.

5. During the implementation of this shareholding reduction plan, the company will continue to pay attention to the progress of the shareholding reduction implementation and share changes, urge Han's Holdings to strictly abide by relevant laws, regulations, departmental rules and normative documents, and perform information disclosure obligations in a timely manner. Investors are kindly requested to invest rationally and pay attention to investment risks.

4. Documents available for inspection

1. "Notification Letter of Shareholding Reduction Plan" issued by Han's Holdings.

Announcement is hereby made.

Han's Laser Technology Industry Group Co., Ltd.

February 13, 2026