Shandong Linglong Tyre Co. Ltd. 2025 Annual

Assessment Report on the Corporate Value and Return

Enhancement Action Plan and the 2026 Annual Corporate Value

and Return Enhancement Action Plan

To further implement the spirit of the 20th National Congress of the

Communist Party of China and the Central Financial Work Conference

earnestly implement the State Council’s Opinions on Further Improving

the Quality of Listed Companies. In proactive response to the Shanghai

Stock Exchange's Initiative on Launching the Corporate Value and Return

Enhancement Action Plan for Shanghai-listed Companies practice the

development concept of "putting investors first" and further improve the

quality and value of the Company's investments the Company formulated

and released the "2025 Annual Corporate Value and Return Enhancement

Action Plan" in April 2025 and actively promoted the implementation of

relevant work based on the plan. In order to promote the long-term

development of this work with high quality the specific implementation

situation of the Company in 2025 and the Corporate Value and Return

Enhancement Action Plan in 2026 are reported as follows：

1.Focus on Strengthening Core Business and Adhere to Long-termism

In 2025 the global development landscape underwent profound

readjustment. Sustained geopolitical conflicts weakening momentum ofeconomic growth and rising trade protectionism among other multiple

challenges have put widespread pressure on the global real industries.Faced with the complex situation the company maintained strategic focus

concentrated on its core business and steadily advanced its globalization

layout resulting in continuously enhanced supply chain resilience. In 2025

the company achieved a cumulative sales volume of 91.3468 million units

a year-on-year increase of 6.90%; Operating revenue was 24.642 billion

yuan a year-on-year increase of 11.72%; The net profit attributable to

shareholders of the listed company was 1.369 billion yuan.In 2026 as the opening year of the 15th Five-Year Plan China’s

rubber industry is entering a critical transformation period shifting from

"scale leadership" to "quality excellence". At this historic juncture

Linglong Tyre adheres to the core lifeline of "quality first" takes the three-

pronged strategy of "product capability + service capability + value

capability" as its driving engine and benchmarks against world-leading

brands in an all-round manner. With excellent quality as the cornerstone

innovative services as the bridge and sustainable value creation as the core

we will steadily enhance our global influence and reputation and

contribute Linglong’s strength to the high-quality development of the

industry!

II. Strengthen technological innovation and accelerate the

development of new quality productive forces.i. Build a Global R&D Network and Consolidate Hard-core Technical

Strength

In 2025 Linglong Tyre will deeply integrate innovation into its

corporate development genes building a globalized R&D network

covering "three countries and eight locations" and continuing to deepen its

roots in basic R&D fields such as materials science compounding and

formulation processes and structural design. Responding to the trend of

consumption upgrading Linglong focuses on the three core demands of

"noise reduction comfort and sustainability" and uses cutting-edge

technology to create high-end product lines such as the "Master Series" and

"Terminator Series". Meanwhile with a forward-looking vision we anchor

our development on the global industrial trends of "safety sustainability

and intelligence". Leveraging cutting-edge technologies we have entered

the core track of future mobility and achieved breakthrough progress in

key innovation projects including dandelion rubber bio-based itaconate

tires tires made with 79% sustainable materials airless tire technology

and environmentally friendly tire recycling and regeneration technology.With our strong independent innovation capabilities Linglong’s first self-

developed 59/80R63 giant all-steel radial off-the-road tire under the

Linglong brand has been successfully rolled off the production line

marking the Company’s entry into the exclusive group of globalmanufacturers capable of producing 63-inch all-steel giant tires.At the 10th Lingxuan Awards Linglong Tyre received two prestigious

honors in recognition of its exceptional innovation capabilities. Among

them the "Technology for Preparing Liquid Reclaimed Rubber from Waste

Tires for Recyclable Tire Applications" has won the Prospective

Excellence Award demonstrating the company's forward-looking layout

and technological breakthroughs in the field of green circular economy.Meanwhile the “New Linglong Master Zhitu” product line was awarded

the Excellent Award in the Mass Production Category reflecting its

outstanding performance in commercialized applications. Linglong has

also delivered remarkable results in international authoritative testing and

evaluation programs: it obtained a “GOOD” rating from AvD (German

Automobile Club); ranked first in the preliminary round of AutoBild’s

summer tire tests; received a “Recommended” endorsement from ACE

(European Automobile Club); and was granted the “High Value” award by

Netzwelt. Linglong’s products have consistently competed on equal

footing with leading international brands and achieved superior results

fully demonstrating its core strengths in key performance indicators such

as braking performance handling stability and wet grip safety. These

achievements not only validate Linglong Tyre’s technological innovation

capabilities but also underscore the growing prominence of Made in China

in the global tire industry.ii. Simultaneously Expanding and Upgrading OE Business and

Pursuing Structural Adjustment.In 2025 Linglong Tyre continued to expand its influence in the global

OE (Original Equipment) market. Its OE fitment volumes for passenger car

tires truck and bus tires and off-the-road (OTR) tires increased by

approximately 7% 50% and 30% year-on-year respectively. On the basis

of steady growth in “volume” the company accelerated its transformation

and upgrading toward “quality” achieving notable progress in supporting

high-end automakers premium vehicle models and high-end products in

the OE segment.The Company continues to deepen cooperation with established

international leading OE brands such as Volkswagen BMW Nissan and

Ford as well as rising international Chinese OE brands including BYD and

Geely. It has successfully secured OE fitment contracts for the year’s

blockbuster new models such as the Geely Xingyuan Nissan N7 and

Leapmotor B10. Significant progress has been achieved in mid-to-high-

end OE fitment: Linglong exclusively supplies 18-inch Master Zhijing tires

for the Hongqi HS6 PHEV and provides tires for Hongqi parade vehicles

and multiple Ford models. The joint project with Geely Automobile

Research Institute to develop full-latitude high-performance products has

been successfully completed and accepted. Production capacity at the

Company’s European plant is ramping up rapidly having obtained supplyapprovals from multiple mainstream automakers as well as Ford Q1

certification. Through the continuous improvement of its global support

system and a substantial enhancement in supply assurance capabilities

Linglong Tyre has firmly secured its position in the first tier of Chinese tire

suppliers for the domestic OE market and the global new energy vehicle

(NEV) OE market.iii. Building a Full-coverage Intelligent Ecosystem Engine Achieving

Dual-track Breakthroughs in Markets and Channels.In 2025 Linglong Tyre adopted the core strategy of “productdifferentiation refined channel management service ecosystemizationand digitalized operations” and comprehensively upgraded itself into a

benchmark new retail enterprise centered on users driven by data and

supported by services. Through multi-dimensional efforts including market

expansion in-depth channel cultivation customer structure optimization

and operational efficiency improvement the Company has not only

established long-term strategic cooperation relationships with leading

distributors but also built an in-depth layout in developed markets and

high-potential emerging markets while improving the sales network

system covering Europe America Southeast Asia the Middle East and

North Africa. In terms of business model innovation the Company has

established a presence on core e-commerce platforms such as JD.com

Douyin and Tmall building an omnichannel marketing ecosystem thatintegrates online and offline channels.The Atlas Vehicle Maintenance Workshop which provide

maintenance services for passenger vehicles take the core competitive

concept of “only those who truly understand cars can maintain them well”.Focusing on the two major core pain points of current retail stores they

leverage new energy business and new media to precisely drive new

customer acquisition and existing customer retention and build resilient

terminal competitive barriers through the collaboration of the factory

distributors and stores. They provide one-stop maintenance services for

vehicle owners. In 2025 the business focused deeply on store renovation

starting with the “people goods and premises rectification” initiative and

simultaneously launched the “Two New One Round” special improvement

project which received positive market feedback and industry recognition.As of the end of 2025 the business has covered 554 image stores in 79

domestic cities with a total of more than 1800 partner stores.Based on the independently developed new retail 3.0 digital

intelligent SAAS system Atlas Truck Mate Home which serves

commercial vehicle tires has achieved full coverage of the PC back end

APP and mini programs at the supplier end Truck Mate Home

headquarters end operator end storage and distribution end store end

logistics fleet end and driver owner end. By the end of 2025 a total of 194

prefecture level city operators in 26 provinces have been developed withfull coverage achieved in prefecture level cities in Shandong Henan Hebei

Jiangsu Jiangxi Liaoning Jilin Anhui Zhejiang Guangdong Shanghai

Chongqing and Tianjin; Completed the establishment of approximately

1500 authorized stores and 176 image stores of Truck Mate Home with

the Truck Mate Home app achieving over 600000 registered and certified

truck drivers.iv. Achieve Effective Strategic Synergy and Enhance Both Brand

Quality and Efficiency

In 2025 Linglong Tyre adopted the core strategy of achieving

breakthroughs in global brand value and systematically advanced four

major initiatives: upgrading its brand portfolio deepening sports marketing

refining self-media content and upholding long-term values. The

Company has precisely positioned its six international brands and built a

differentiated value system around dimensions such as sustainability and

youth appeal. It has also deepened cooperation with top sports IPs

including the Premier League’s Chelsea FC and La Liga’s Real Madrid

strengthening emotional connections through integrated online and offline

activities. Leveraging its data-driven self-media ecosystem the Company

continuously iterates original content to enhance its omnichannel

communication effectiveness.During the reporting period Linglong’s brand value reached 110.216

billion yuan marking the 22nd consecutive time it has been listed amongthe "China’s Top 500 Most Valuable Brands". In the "Global Most Valuable

Tire Brands" ranking released by Brand Finance Linglong is the only

Chinese tire brand to have remained on the list for six consecutive years

further consolidating its global influence. Mr. Wang Feng Chairman of the

Company was honored as "2025 China Top 10 Brand Leaders of the Year".This recognition is not only a high affirmation of his outstanding leadership

but also a profound testament to the Company’s commitment to high-

quality development social responsibility and driving industry progress.v. Improving the Environmental Governance System to Achieve

Systematic Governance Breakthroughs

In 2025 Linglong Tyre demonstrated its systematic layout and

notable progress in the environmental social and governance (ESG) field.With the core philosophy of “Passing on Linglong Strength Building aBetter Society Together” the Company established the “ROUTE”

sustainable development strategy model for the first time. Focusing on five

pillars—low-carbon transition innovation-driven growth shared

responsibility people-centric development and compliance foundation—

the Company is comprehensively advancing to-ward green high-quality

and sustainable development.In the field of environmental governance the Company has obtained

a Band B rating in both the Climate Change and Water Security modules

in the assessment conducted by the Carbon Disclosure Project (CDP).Meanwhile it has been awarded the EcoVadis Bronze Medal which

validates the systematic achievements of the Company’s ESG practices. In

the capital market with a Wind ESG AA rating the Company leads the

auto parts industry highlighting its outstanding performance across

environmental social and governance dimensions. As a member of the

United Nations Global Compact (UNGC) the Company continues to

deepen its global social responsibility commitment and contributes

Chinese solutions and strengths to sustainable development through

concrete actions.vi. Building an Elite Talent Pipeline to Empower the In-depth

Development of the Globalization Strategy

In 2025 the Company took global talent integration multi-level

capability improvement and skills ecosystem development as its core

strategies systematically building an international talent pipeline. Over

4000 training sessions were held throughout the year covering 80000

person-times with 523 specialized skill training programs implemented.Customized initiatives such as dedicated English classes significantly

enhanced the team’s language proficiency. Overseas facilities innovativelyadopted the two-way model of “globally importing technical expertise andlocally exporting experience”: German experts were stationed in Serbia to

drive quality upgrades and the number of employees covered by the

“Chinese mentors guiding foreign apprentices” program increased by 126%year-on-year. Skills competitions at the Thailand and European facilities

achieved 100% full participation with cross-cultural bridges notably

improving team cohesion and brand reputation.With a focus on becoming a world-class enterprise the Company

established a full-chain mechanism for international talent selection

reserve and development. It accelerated the construction of an inter-

national headquarters through a scientific appointment system

continuously injecting core momentum into its globalization strategy.In 2026 the Company will continue to advance its “7+5” global

production strategic layout leveraging its international production system

to build an open and diverse cooperation ecosystem and consolidate its

production capacity foundation for global development. Guided by the

“ROUTE” sustainable development strategy it will deepen the

implementation of “dual carbon” goals by increasing the proportion of

clean energy use accelerating the application of sustainable materials and

enabling coordinated carbon reduction across the entire industrial chain to

drive the overall green transformation of the industry. The Company will

focus on cutting-edge R&D areas such as smart tires and ultra-low rolling

resistance products strengthening core product competitiveness through

technological innovation. It will also implement a dual-wheel-driven

market strategy of “deepening core markets + expanding emerging regions”

to accelerate localized operations. Ultimately by improving its talentecosystem to support the implementation of the globalization strategy the

Company will drive a leapfrog upgrade in brand influence and market

competitive-ness through coordinated brand strategies opening a new

landscape for long-term development.III. Improving Corporate Governance and Enhancing Standardized

Operation Levels

i. Improving the Company’s Internal Governance System

Pursuant to the Company Law of the People's Republic of China

(2023 Revision) (effective July 1 2024) the Guidelines for the Articles of

Association of Listed Companies (2025 Revision) (effective March 28

2025) and other relevant laws and regulations and in light of the actual

circumstances of the Company the Company hereby abolishes the board

of supervisors. The functions and powers previously exercised by the board

of supervisors shall be performed by the Audit Committee of the Board of

Directors. The Rules of Procedure for the Meetings of the Board of

Supervisors of Shandong Linglong Tyre Co. Ltd. and other relevant

systems concerning the board of supervisors shall be repealed accordingly.Concurrently the Company has revised the current Articles of Association

of Shandong Linglong Tyre Co. Ltd. and relevant internal governance

documents and renamed the Rules of Procedure for the Shareholders'

General Meetings of Shandong Linglong Tyre Co. Ltd. to the Rules of

Procedure for the Shareholders' Meetings of Shandong Linglong Tyre Co.Ltd. laying a solid institutional foundation for the Company's continued

standardized and efficient governance.To regulate the suspension and exemption of information disclosure

strengthen information disclosure management and protect the legitimate

rights and interests of investors the Company formulated and disclosed the

Administrative Measures for the Suspension and Exemption of

Information Disclosure in October 2025.ii. Enhancing the Diversity of the Board of Directors

In 2025 in strict compliance with the requirements of the new

Company Law and related supporting rules the Company continuously

improved its corporate governance structure and internal control system in

light of its actual situation. One employee representative director and one

independent director were newly added increasing the number of directors

from 9 to 11.The Company convened the 2nd Extraordinary General Meeting of

2025 on July 4 2025 to review and approve proposals related to the

election of the new Board of Directors. The Company’s Board of Directors

transitioned from the fifth to the sixth session and the first meeting of the

sixth Board of Directors was held on the same day to complete the

appointment of senior management personnel.To continuously improve the corporate governance system promote

the senior management team to better perform their duties and furtherenhance the Company’s operational decision-making efficiency the

Company completed the change of the CEO position in March 2026.In 2026 the Company will comprehensively deepen standardized

operations strictly abide by the new Company Law and supporting

regulatory rules continuously optimize its corporate governance structure

and internal control system and consolidate the institutional foundation for

high-quality development. By establishing a regular risk control

mechanism conducting compliance inspections and risk assessments on a

regular basis the Company will systematically improve its standardized

operation level and comprehensively enhance its risk prevention and

resolution capabilities.IV. Strengthening the Responsibility of the "Key Minority" and

Promoting Compliance Awareness

The Company always attaches great importance to the development

of the "key minority" team continuously strengthening their awareness and

capacity for compliance performance guiding them to strictly abide by

performance bottom lines and strengthen responsibility-taking thus

providing robust organizational guarantee for the Company’s high-quality

development. In 2025 the Company continued to enhance training for

directors and senior management actively organizing their participation in

various business training sessions held by regulators and associations

including stock exchanges local securities regulatory bureaus and listedcompanies associations. The Company also issued compliance reminders

during blackout periods for periodic reports major events or other specific

matters enhancing relevant personnel’s understanding of their

responsibilities for information disclosure major event reporting and

insider information management and improving the compliance awareness

and performance capabilities of the "key minority" group. No violations of

national laws and regulations regulatory rules or the Company’s internal

management systems occurred in 2025. The Company’s Board of Directors

was recognized as one of the 2025 Best Practice Cases for Listed Company

Boards of Directors by the China Listed Companies Association.On January 23 2025 the Company disclosed the Announcement on

the Completion of the Controlling Shareholder’s Share Increase Plan

(Announcement No.: 2025-007). Between August 9 2024 and January 22

2025 the controlling shareholder Linglong Group acquired a total of

7981100 shares of the Company through the Shanghai Stock Exchange’s

centralized bidding trading system accounting for 0.55% of the

Company’s total share capital with a cumulative investment of 150.0024

million yuan. The share increase plan has been fully implemented.On October 31 2025 the Company disclosed the Announcement on

the Completion of the Controlling Shareholder’s Share Increase Plan and

the Result of the Share Increase of Shandong Linglong Tyre Co. Ltd.

(Announcement No.: 2025-075). During the period from May 7 to October30 2025 Linglong Group increased its holdings in the Company by

purchasing 13295095 A-shares through the centralized bidding trading

system of the Shanghai Stock Exchange. The funds used included its own

capital and self-raised capital (including special refinancing loans for share

subscription). The increased shares account for approximately 0.91% of

the Company’s total share capital with a cumulative investment of RMB

200 million. The aforesaid share increase plan has been fully completed.

In 2026 the Company will focus on building the capacity of core

governance bodies. On the one hand it will strengthen professional

training for the "key minority" including controlling shareholders actual

controllers directors and senior management to continuously improve

their performance effectiveness. On the other hand it will fully support

independent directors in performing their duties providing solid support in

terms of resources information and services to ensure that independent

directors fully exercise their supervisory and decision-making functions

laying a solid governance foundation for the Company’s steady

development. In addition the Company will formulate the Measures for

the Remuneration Management of Directors and Senior Management

further optimizing the incentive and restraint mechanism for the

management by reasonably linking the remuneration of directors and

senior management with the listed company’s operating performance

promoting the deep alignment of the long-term interests of the "keyminority" with those of the Company and driving the Company’s

sustainable and high-quality development.V. Enhancing Investor Returns and Sharing the Company’s

Development Achievements

The Company attaches great importance to investor returns firmly

establishes the awareness of rewarding shareholders and actively

improves its capacity and level of investor returns. Since its listing in 2016

the Company has always provided long-term and stable returns to investors

through continuous and stable dividends sharing the fruits of the

Company’s operational development with shareholders. In 2025 to

continue implementing the "long-term stable and sustainable"

shareholder value return mechanism and enhance investors’ sense of gain

the Company implemented quarterly cash dividends. On the premise that

the total annual cash dividends account for no less than 30% and no more

than 40% of the 2025 net profit attributable to shareholders of the listed

company the Board of Directors formulated the quarterly profit

distribution plans for 2025 based on the Company’s profitability and

capital needs and implemented them within the specified time limit.The Company completed the profit distributions for the fourth quarter

of 2024 and the first quarter of 2025 on July 10 2025. For the fourth quarter

of 2024 a cash dividend of RMB 0.014 per share (including tax) was

distributed with a total cash dividend of RMB 20.489 million accountingfor 50.52% of the net profit attributable to shareholders of the listed

company in the consolidated financial statements for the fourth quarter of

2024. For the first quarter of 2025 a cash dividend of RMB 0.07 per share

(including tax) was distributed with a total cash dividend of RMB

102.4452 million accounting for 30.08% of the net profit attributable to

shareholders of the listed company in the consolidated financial statements

for the first quarter of 2025.The Company completed the profit distribution for the second

quarter of 2025 on October 23 2025. For the second quarter of 2025 a

cash dividend of RMB 0.11 per share (including tax) was distributed with

a total cash dividend of RMB 160.9853 million accounting for 31.33% of

the net profit attributable to shareholders of the listed company in the

consolidated financial statements for the second quarter of 2025.The Company completed the profit distribution for the third quarter

of 2025 on December 19 2025. For the third quarter of 2025 a cash

dividend of RMB 0.065 per share (including tax) was distributed with a

total cash dividend of RMB 95.1277 million accounting for 30.41% of the

net profit attributable to shareholders of the listed company in the

consolidated financial statements for the third quarter of 2025.Pending approval by the Company’s 2025 Annual General Meeting

the Company will implement the profit distribution plan for the fourth

quarter of 2025 within the specified time limit. The Company willdistribute a cash dividend of RMB 0.042 per share (including tax) to all

shareholders based on the total share capital on the record date for the

fourth quarter 2025 profit distribution. Based on the Company’s total share

capital of 1463502683 shares as of March 31 2026 the total cash

dividend will be RMB 61.4671 million accounting for 30.50% of the net

profit attributable to shareholders of the listed company in the consolidated

financial statements for the fourth quarter of 2025. No other forms of

distribution will be made by the Company.To continue implementing the "long-term stable and sustainable"

shareholder value return mechanism and enhance investors’ sense of gain

the Company will conduct interim cash dividends in 2026. The total cash

dividends will account for no less than 30% of the net profit attributable to

shareholders of the listed company for the current period.In addition to establish a long-term and diversified shareholder return

mechanism express gratitude to shareholders for their long-term support

help shareholders gain a more intuitive and in-depth understanding of the

Company’s intrinsic value and technical capabilities and further enhance

brand awareness of the Company’s "Linglong Master" product line the

Company will launch a "Shareholder Appreciation Program" in 2026. The

Company also attaches great importance to market value management. In

2026 the Company will establish a Market Value Management Committee

to advance research on the Company’s market value management narrativeand related metrics and to deeply integrate market value management with

the Company’s strategic development and operational quality

improvement. By supporting capital market value through high-quality

development the Company aims to achieve the alignment of long-term

shareholder returns corporate sustainable development and capital market

recognition.VI. Strengthening Investor Relations Management to Effectively

Convey the Company’s Value

i. Standardizing Information Disclosure to Promote Quality

Improvement

The Company continuously standardizes its information disclosure

practices in accordance with the information disclosure rules actively and

properly fulfilling its disclosure obligations to ensure that disclosures are

timely accurate and complete. In 2025 the Company published 4 periodic

reports 81 ad-hoc announcements and 89 other listed documents. This

enables investors to stay informed of the Company’s operations and

internal governance in a timely manner ensures all shareholders receive

information fairly and equally and protects the interests of all shareholders

especially minority share-holders. In October 2025 the Shanghai Stock

Exchange (SSE) issued the Circular on the 2024-2025 Information

Disclosure Work Evaluation Results. Linglong Tyre was awarded the

highest rating of Grade A in this assessment making it the only enterprisein the tire industry to have received this highest rating for six consecutive

years. This achievement reflects the Company’s comprehensive strength

and demonstrates the SSE’s high recognition of the Company’s

standardized operations quality of information disclosure and investor

relations maintenance.ii. Improving Investor Relations Management Effectiveness and

Strengthening Shareholder Communication

The Company has always attached great importance to the

management of minority investors treats all shareholders equally and

actively builds multi-dimensional investor communication channels to

ensure efficient and effective communication. In 2025 the Company held

the 2024 Annual and 2025 Q1 Earnings Briefing the 2025 Half-Year

Earnings Briefing and the 2025 Q3 Earnings Briefing. It also actively

participated in the 2025 Online Collective Investor Reception Day for

Listed Companies under the Shandong Regulatory Jurisdiction and

responded to 519 investor inquiries via the E-Interaction platform.Meanwhile the Company has established the Investor Relations Map

which regularly tracks and analyzes the characteristics and changes of

institutional shareholders summarizes and records communication

progress and market feedback promptly forwards investors’ suggestions or

opinions to the management and provides references for the Company to

reasonably formulate and adjust investor relations strategies at variousstages.In 2026 the Company will continue to uphold the working philosophy

centered on information disclosure and supported by investor relations

management striving to build a positive interaction mechanism of

“effective value transmission and broad market recognition”. The

Company will strictly comply with capital market regulatory rules

faithfully fulfill its statutory obligations for information disclosure and

adhere to the bottom line of legality and compliance ensuring that

disclosed information is true accurate complete timely and fair. At the

same time the Company will smooth its regular communication channels

with investors establishing a multi-level and diversified communication

system covering earnings briefings shareholders’ meetings analyst

conference calls roadshows and reverse roadshows investor open days

investor hotlines and the SSE E-Interaction platform. It will invite

investors to conduct on-site research on an irregular basis to directly

demonstrate the Company’s operational management achievements

development layout and core competitiveness thereby enhancing investor

confidence. The Company will conduct in-depth and thorough exchanges

with investors on topics of concern including development strategy

operational status financial position development prospects and

accounting policies helping investors to comprehensively and objectively

understand the Company’s value. It will continue to improve operationaltransparency proactively communicate its true investment value and

maintain a good capital market image characterized by integrity and

transparency.In the future the Company will continue to track and evaluate the

implementation of the Corporate Value and Return Enhancement Action

Plan at all stages strictly fulfill its information disclosure obligations and

continue to focus on its main business strive to improve its management

level continuously enhance its core competitiveness profitability and risk

management capabilities. Through standardized corporate governance

good performance and stable investor returns the Company will

effectively fulfill its responsibilities and obligations as a listed company

give back investor trust maintain the Company's market image and jointly

promote the stable and healthy development of the capital market.Risk warning: the Corporate Value and Return Enhancement Action

Plan is based on the current situation of the Company. In the future it may

be affected by macroeconomic policy adjustments fluctuations in the tire

industry and the secondary market environment and there is a certain

degree of uncertainty. Investors are advised to invest rationally and pay

attention to investment risks.Announcement is hereby given.Board of Directors of Shandong Linglong Tyre Co. LtdApril 27 2026