CSG HOLDING CO. LTD.THE THIRD QUARTER REPORT 2023

Chairman of the Board:

CHEN LIN

October 2023CSG HOLDING CO. LTD. The Third Quarter Report 2023

Stock code: 000012; 200012 Short form of the stock: CSG A; CSG B Notice No.: 2023-035

CSG HOLDING CO. LTD.THE THIRD QUARTER REPORT 2023

The Company and all members of the Board of Directors guarantee that the information disclosed is true

accurate and complete and there are no any fictitious statements misleading statements or important omissions

carried in this report.Important Content Notice：

1. Board of Directors and the Supervisory Committee of CSG Holding Co. Ltd. (hereinafter referred to as the

Company) and its directors supervisors and senior executives hereby confirm that there are no any fictitious

statements misleading statements or important omissions carried in this report and shall take all

responsibilities individual and/or joint for the facticity accuracy and completeness of the whole contents.

2. Principal of the Company responsible person in charge of accounting and principal of the financial

department (accounting officer) confirm that the Financial Report enclosed in the Third Quarter Report of 2023

of the Company is true accurate and complete.

3. Whether the third quarter report has been audited or not

□Yes √No

This report is prepared both in Chinese and English. Should there be any inconsistency between the Chinese and

English versions the Chinese version shall prevail.I. Main financial data

(I) Main accounting data and financial indices

Whether retrospective adjustment has been carried out on financial reports of previous periods or not

□Yes √No

Increase/decr

Increase/decrease in ease in

comparison with the From 1 January to comparison

The report period same period of the 30 September 2023 with the same

previous year period of

2022

Operating income (RMB) 5090592927 18.81% 13479933172 24.77%

Net profit attributable to shareholders of the

listed company (RMB) 577193230 -11.11% 1466672010 -11.14%

Net profit attributable to shareholders of the

listed company after deducting non-recurring 538045199 -9.36% 1376283967 -7.08%

gains and losses (RMB)

Net cash flow arising from operating

——16242462720.35%

activities (RMB)

1CSG HOLDING CO. LTD. The Third Quarter Report 2023

Basic earnings per share (RMB/Share) 0.19 -9.52% 0.48 -11.11%

Diluted earnings per share (RMB/Share) 0.19 -9.52% 0.48 -11.11%

Weighted average ROE 4.18% -1.17% 10.98% -2.83%

The end of the The end of the Increase/decrease in comparison

report period previous year with the end of the previous year

Total assets (RMB ) 28880915246 25904013306 11.49%

Net assets attributable to shareholders of the

Company (RMB ) 13864253102 12854883706 7.85%

(II)Items and amounts of non-recurring gains and losses

√Applicable □Not applicable

Unit: RMB

Amount from

the beginning of

The report

Item year to the end Note

period

of the report

period

Gains/losses from the disposal of non-current asset (including the

write-off that accrued for impairment of assets) 23069 76520

Governmental subsidy reckoned into current gains/losses (not

including the subsidy enjoyed in quota or ration according to

national standards which are closely relevant to enterprise’s 41825659 90402558

business)

In addition to the effective hedging business related to the normal

business of the company the profit and loss from changes in fair

value arising from the holding of trading financial assets trading

financial liabilities and the investment income from the disposal of 786344 2320525

trading financial assets trading financial liabilities and available for

sale financial assets

Reversal of provision for impairment of receivables that have been

individually tested for impairment 1671889 4370802

Other non-operating income and expenditure except for the

aforementioned items 3404727 11908100

Less: Impact on income tax 7871335 16829412

Impact on minority shareholders’ equity (post-tax) 692322 1861050

Total 39148031 90388043 --

Particulars about other gains and losses that meet the definition of non-recurring gains and losses:

□ Applicable √ Not applicable

It did not exist that other profit and loss items met the definition of non-recurring gains and losses.Explanation of the non-recurring gains and losses listed in the Explanatory Announcement No.1 on Information Disclosure for

Companies Offering their Securities to the Public - Non-recurring Gains and Losses as recurring gains and losses

□ Applicable √ Not applicable

It did not exist that non-recurring profit and loss items listed in the Explanatory Announcement No. 1 on Information Disclosure of

Companies Offering Securities to the Public - Non-recurring Profit and Loss were defined as recurring profit and loss items in the

report period.

2CSG HOLDING CO. LTD. The Third Quarter Report 2023

(III) Particulars and explanations about significant changes in main accounting data and financial indices

√Applicable □Not applicable

The Group's major accounting statement items financial indicators changes and reasons

Unit: RMB

Rate of

Item of balance sheet Note 30 September 2023 1 January 2023

increase/decrease

Monetary fund (1) 2614449508 4604607779 -43%

Notes receivable (2) 969647201 156943437 518%

Accounts receivable (3) 2267217956 1179992784 92%

Receivables financing (4) 695694911 1095412643 -36%

Non-current assets due within one

(5)8000000020000000300%

year

Other current assets (6) 182005690 108248545 68%

Intangible assets (7) 2364243320 1438102666 64%

Long-term prepaid expenses (8) 12555193 2647939 374%

Other non-current assets (9) 1337857166 856620485 56%

Notes payable (10) 1761121245 994557496 77%

Accounts payable (11) 2904850666 2033542627 43%

Non-current liabilities due within one

(12)14499338432481433006-42%

year

Other current liabilities (13) 131757363 50407240 161%

Long-term payables (14) 87123485 129236878 -33%

Provisions (15) 7649259 - -

Special reserves (16) 1150949 731580 57%

From January to From January to Rate of

Item of income statement Note

September 2023 September 2022 increase/decrease

Operating costs (17) 10411924063 7693520877 35%

Other income (18) 89046515 153609840 -42%

Investment income (19) -6890163 26097782 -126%

Credit impairment losses (20) -18898917 -5479274 245%

Asset impairment losses (21) -84232 1456 -5885%

Asset disposal income (22) 76520 14717376 -99%

Non-operating expenses (23) 1048888 5065778 -79%

Income tax expense (24) 112486716 282993241 -60%

Minority shareholder gains and

(25)-104851448294552-226%

losses

Net amount of other comprehensive

(26)913950513866992-34%

income after tax

Note:

(1) The decrease in monetary funds was mainly due to the redemption of maturing corporate bonds.

(2) The increase in notes receivable was mainly due to an increase in the collection of payments in the form of acceptance bills and

an increase in notes used for pledge.

(3) The increase in accounts receivable was mainly due to the increase in sales revenue of photovoltaic glass.

(4) The decrease in receivables financing was mainly due to factors such as bill maturity and collection.

(5) The increase in non-current assets due within one year was mainly due to the fact that large certificates of deposit purchased in

3CSG HOLDING CO. LTD. The Third Quarter Report 2023

the previous period would expire within one year.

(6) The increase in other current assets was mainly due to the increase in input taxes to be deducted.

(7) The increase of intangible assets was mainly due to the fact that the mining right payment prepaid in advance had obtained the

mining right certificate and the transfer of other non-current assets to intangible assets.

(8) The increase in long-term prepaid expenses was mainly due to an increase in amortization items.

(9) The increase in other non-current assets was mainly due to the increase in prepayment for construction equipment.

(10) The increase in notes payable was mainly due to the increase in notes issued.

(11) The increase in accounts payable was mainly due to the increase in accounts payable for construction equipment and

materials.

(12) The decrease in non-current liabilities due within one year was mainly due to the redemption of maturing corporate bonds.

(13) The increase in other current liabilities was mainly due to the issuance of electronic debt vouchers etc.

(14) The decrease in long-term payables was mainly due to the payment of finance leases.

(15) The increase in provisions was mainly due to the increase in mine rehabilitation costs.

(16) The increase in special reserves was mainly due to the provision of special reserves.

(17) The increase in operating costs was mainly due to the increase in revenue from the production of photovoltaic glass

production lines which drove the increase in costs.

(18) The decrease in other income was mainly due to the decrease in the amortization of deferred income of certain subsidiaries.

(19) The decrease in investment income was mainly due to the decrease in structural deposit income in the current period.

(20) The increase in credit impairment losses was mainly due to the increase in accounts receivable for photovoltaic glass.

(21) The increase in asset impairment losses was mainly due to the provision for inventory depreciation in the current period and

the relatively small amount in the same period last year.

(22) The decrease in asset disposal income was mainly due to the relatively small amount of asset disposal in the current period.

(23) The decrease in non-operating expenses was mainly due to the decrease in donation expenses.

(24) The decrease in income tax expense was mainly due to factors such as the decrease in total profit.

(25) The decrease in minority shareholder gains and losses was mainly due to the decrease in net profit of non-wholly-owned

subsidiaries.

(26) The decrease in net amount of other comprehensive income after tax was mainly due to changes in the translation difference

on foreign currency statements.II. Shareholder information

(I) Particulars about the total number of common shareholders and preference shareholders with voting

rights recovered as well as the shareholdings of the top ten shareholders

Unit: Share

Total number of common

Total number of preference shareholders with voting

shareholders at the end of the 159984 0

rights recovered at end of report period (if applicable)

report period

Particulars about the shareholdings of the top ten shareholders

Amount Number of share pledged

Proportion of marked or frozen

Nature of Amount of

Name of shareholder of shares restricted

shareholder shares held

held (%) shares Share

Amount

held status

4CSG HOLDING CO. LTD. The Third Quarter Report 2023

Domestic non

Foresea Life Insurance Co. Ltd.state-owned legal 15.19% 466386874 0

– HailiNiannian

person

Domestic non

Foresea Life Insurance Co. Ltd.state-owned legal 3.86% 118425007 0

– Universal Insurance Products

person

Domestic non

Foresea Life Insurance Co. Ltd.state-owned legal 2.11% 64765161 0

– Own Fund

person

China Galaxy International

Foreign legal

Securities (Hong Kong) Co. 1.34% 41034578 0

person

Limited

China Merchants Securities Foreign legal

1.11%341298370

(Hong Kong) Limited person

China Life Insurance Co. Ltd. -

Traditional - General Insurance Other 0.80% 24437534 0

Products - 005l-ct001 Hu

Hong Kong Securities Clearing Foreign legal

0.76%232128680

Company Limited person

VANGUARD EMERGING

Foreign legal

MARKETS STOCK INDEX 0.64% 19595573 0

person

FUND

Pledged 18980000

Domestic non

Zhongshan Runtian Investment

state-owned legal 0.62% 18983447 0 Marked 18980000

Co. Ltd.person

Frozen 3447

VANGUARD TOTAL

Foreign legal

INTERNATIONAL STOCK 0.57% 17537213 0

person

INDEX FUND

Particular about top ten shareholders with un-restricted shares held

Amount of unrestricted Type of shares

Name of shareholder

shares held Type Amount

Foresea Life Insurance Co. Ltd. – HailiNiannian 466386874 RMB ordinary shares 466386874

Foresea Life Insurance Co. Ltd. – Universal

118425007 RMB ordinary shares 118425007

Insurance Products

Foresea Life Insurance Co. Ltd. – Own Fund 64765161 RMB ordinary shares 64765161

China Galaxy International Securities (Hong Kong) Domestically listed foreign

4103457841034578

Co. Limited shares

Domestically listed foreign

China Merchants Securities (Hong Kong) Limited 34129837 34129837

shares

China Life Insurance Co. Ltd. - Traditional - General

24437534 RMB ordinary shares 24437534

Insurance Products - 005l-ct001 Hu

Hong Kong Securities Clearing Company Limited 23212868 RMB ordinary shares 23212868

5CSG HOLDING CO. LTD. The Third Quarter Report 2023

VANGUARD EMERGING MARKETS STOCK Domestically listed foreign

1959557319595573

INDEX FUND shares

Zhongshan Runtian Investment Co. Ltd. 18983447 RMB ordinary shares 18983447

VANGUARD TOTAL INTERNATIONAL STOCK Domestically listed foreign

1753721317537213

INDEX FUND shares

As of the end of the report period among shareholders as listed above

Foresea Life Insurance Co. Ltd.-HailiNiannian Foresea Life Insurance

Co. Ltd.-Universal Insurance Products Foresea Life Insurance Co. Ltd.-

Own Fund are all held by Foresea Life Insurance Co. Ltd. Shenzhen

Statement on associated relationship or consistent

Jushenghua Co. Ltd. which holds 51% equity of Foresea Life Insurance

action among the above shareholders:

Co. Ltd. holds 100% equity of Zhongshan Runtian Investment Co. Ltd.and Chengtai Group Co. Ltd. through Shenzhen Hualitong Investment

Co. Ltd. Chengtai Group Co. Ltd. holds 40187904 shares through

China Galaxy International Securities (Hong Kong) Co. Limited.Description of the top 10 shareholders participating in

N/A

margin trading (if applicable)

Special note: On July 11 2022 at the Company's Second Extraordinary General Meeting in 2022 Foresea Life Insurance Co. Lt d.voted in favor of all proposals and Zhongshan Runtian Investment Co. Ltd. voted against all proposals Chengtai Group Co. Ltd.voted against all the proposals through the shares held by China Galaxy International Securities (Hong Kong) Co. Limited; on

August 3 2022 at the Company's Third Extraordinary General Meeting in 2022 Foresea Life Insurance Co. Ltd. voted in favor of

all proposals and Zhongshan Runtian Investment Co. Ltd. voted against all proposals.(II) Total number of preference shareholders and particulars about the shareholdings of the top ten

preference shareholders

□Applicable √Not applicable

III. Other important matters

√Applicable □ Not applicable

1. Ultra-short-term financing bills

On May 16 2022 the Company's 2021 annual general meeting reviewed and approved the "Proposal on Application for Registration

and Issuance of Medium-Term Notes and Ultra-short-term Financing Bills" which agreed that the Company would register and issue

ultra-short-term financing bills with a registered amount of not more than 1 billion yuan The Company can issue one or more times

within the validity period of the registration according to the actual capital needs and the capital situation of the inter-bank market.

2. Medium-term notes

On May 16 2022 the Company's 2021 annual general meeting reviewed and approved the "Proposal on Application for Registration

and Issuance of Medium-term Notes and Ultra-short-term Financing Bills" which agreed that the Company would register and issue

medium-term notes with a registered amount of not more than 2 billion yuan. Actual capital needs and inter-bank market capital

status can be issued one or more times within the validity period of registration.

3.Public issuance of corporate bondsOn March 2 2017 the 2nd Extraordinary General Meeting of Shareholders in 2017 reviewed and approved “the Proposal on thePublic Issuance of Corporate Bonds for Qualified Investors". On February 27 2019 the First Extraordinary General Meeting of

6CSG HOLDING CO. LTD. The Third Quarter Report 2023Shareholders in 2019 The “Proposal on Extending the Validity Period of the Shareholders' Meeting for the Public Offering ofCorporate Bonds to Qualified Investors” agreed to issue corporate bonds with a total issue of no more than RMB 2 billion and a termof no more than 10 years. On June 26 2019 the Company received the “Approval of Approving CSG Holding Co. Ltd. to IssueCorporate Bonds to Qualified Investors” issued by China Securities Regulatory Commission (ZJXK [2019] No. 1140). On March 24

2020 and March 25 2020 the Company issued the first batch of corporate bonds with total amount of RMB 2 billion and valid t erm

of 3 years at the issuance rate of 6% and completed the redemption and delisting on March 27 2023 (the original redemption date

for this bond was March 25 2023 but due to a statutory rest day it was postponed to the first trading day thereafter).

4. Guarantee situation

The 2022 Annual General Meeting of the Company reviewed and passed the Proposal on the 2023 Guarantee Plan and approved the

Company and its subsidiaries to provide guarantees in a total amount of not exceeding RMB 21832 million (including effective but

unexpired limit) for the 2023 credit lines from financial institutions to guaranteed entities within the scope of consolidated statements.Among them the total amount of guarantees for all guaranteed entities with asset liability ratio of 70% or above shall not exceed the

equivalent amount of RMB 920 million (including effective but unexpired limit). The Company’s external guarantees are all

provided for subsidiaries within the scope of consolidated statement. As of 30 Sep tember 2023 the actual guarantee balance was

RMB 5855.02 million (of which the actual guarantee balance with asset liability ratio of 70% or above was RMB 351.82 million)

accounting for 45.55% of the parent company’s net assets of RMB 12854.88 million at the end of 2022 and 22.60% of the total

assets of RMB 25904.01 million. The Company has no overdue guarantee.The Company’s 2022 Annual General Meeting reviewed and passed the Proposal on the Development of Asset Pool Business in 2023.In order to achieve the overall management of the Company’s assets such as bills and letters of credit the General Meeting of

Shareholders approved the Company and its subsidiaries to conduct asset pool business of no more than RMB 1600 million. Under

the premise of controllable risks various guarantee methods such as maximum pledge general pledge deposit certificate pledge bill

pledge and margin pledge can be adopted for business development. As of 30 September 2023 the actual pledge amount of the asset

pool business was RMB 1048.9947 million and the financing balance was RMB 931.4523 million.

5. Public offering of A-share convertible corporate bonds

On 11 July 2022 the Company’s 2nd Extraordinary General Meeting of Shareholders in 2022 reviewed and approved relevant

proposals on the Company's public offering of A-share convertible corporate bonds and agreed to issue A-share convertible

corporate bonds to raise a total amount not exceed RMB 2800 million (inclusive) with a term of six years from the date of issuance.Due to factors such as changes in the capital market and the timing of financing which resulted in immature application and issuance

conditions the Company did not make any substantial progress on the public offering of A-share convertible corporate bonds during

the valid period as resolved. As of 11 July 2023 the Company’s plan for the public offering of A -share convertible corporate bonds

expired and automatically lapsed. For further information see the Announcement on the Expiry of the Plan for the Public Offering of

A-share Convertible Corporate Bonds (Announcement number: 2023-025) disclosed by the Company on

http://www.cninfo.com.cn dated 12 July 2023.

6. The matter of the special fund of RMB 171 million for talent introduction

Regarding the special fund of RMB 171 million for talent introduction the Company filed an infringement compensation lawsuit

against Zeng Nan and others and Yichang Hongtai Real Estate Co. Ltd. on December 15 2021 and Shenzhen Intermediate

People's Court officially accepted it on January 28 2022. The first trial of the case was completed in Shenzhen Intermediate

People's Court on June 21 2022 and is currently awaiting judgment.

7. Postponed re-election of the Board of Directors and the Supervisory Committee

The term of office of the ninth Board of Directors and Supervisory Committee of the Company expired on 21 May 2023 and re-

election is progressing steadily as of now. According to Articles 96 and 138 of the Articles of Association of CSG Holding Co. Ltd.if a new director/supervisor is not re-elected in time upon the expiry of the term of office of a director/supervisor before the re-

elected director/supervisor assumes his/her office the former director/supervisor shall still perform the duties of a

director/supervisor in accordance with the provisions of laws administrative regulations departmental rules and the Articles of

7CSG HOLDING CO. LTD. The Third Quarter Report 2023

Association. Therefore the members of the ninth Board of Directors and Supervisory Committee are still performing their duties

in a normal manner and the re-election of the Board of Directors and the Supervisory Committee would not have any adverse

impact on the Company’s operation and governance.IV. Quarterly financial statement

(I) Financial Statements

1. Consolidated Balance Sheet

Prepared by CSG Holding Co. Ltd.Unit: RMB

Item 30 September 2023 1 January 2023

Current asset:

Monetary capital 2614449508 4604607779

Notes receivable 969647201 156943437

Accounts receivable 2267217956 1179992784

Receivables financing 695694911 1095412643

Prepayments 166718419 183629823

Other receivables 183782934 193847322

Inventory 1753481732 1783941982

Non-current assets due within one year 80000000 20000000

Other current assets 182005690 108248545

Total current assets 8912998351 9326624315

Non-current assets:

Investment real estate 290368105 290368105

Fixed assets 13100158756 11243236175

Construction in progress 2615282414 2520362291

Right-of-use assets 9430367 9908413

Intangible assets 2364243320 1438102666

Development expenditure 57266554 46755816

Goodwill 8593352 7897352

Long-term prepaid expenses 12555193 2647939

Deferred tax assets 172161668 161489749

Other non-current assets 1337857166 856620485

Total non-current assets 19967916895 16577388991

Total assets 28880915246 25904013306

Current liabilities:

Short-term loan 429513774 345000000

Notes payable 1761121245 994557496

Accounts payable 2904850666 2033542627

Contractual liabilities 459591197 418051975

Payroll payable 374306675 473616428

Taxes payable 204332044 161134638

8CSG HOLDING CO. LTD. The Third Quarter Report 2023

Other payables 458564453 537065184

Including: interest payable 7384409 99945325

Non-current liabilities due within one

14499338432481433006

year

Other current liabilities 131757363 50407240

Total current liabilities 8173971260 7494808594

Non-current liabilities:

Long term borrowing 5633282758 4353589980

Lease liability 3691309 3564330

Long- term payables 87123485 129236878

Provisions 7649259

Deferred income 432794175 449875380

Deferred income tax liabilities 93589774 97266841

Total non-current liabilities 6258130760 5033533409

Total Liabilities 14432102020 12528342003

Owners' equity:

Share capital 3070692107 3070692107

Capital reserve 590739414 596997085

Other comprehensive income 179999983 170860478

Special reserves 1150949 731580

Surplus reserve 1228634001 1228634001

Undistributed profit 8793036648 7786968455

Total owner's equity attributable to the

1386425310212854883706

parent company

Minority shareholders' equity 584560124 520787597

Total owner's equity 14448813226 13375671303

Total Liabilities and Owner's Equity 28880915246 25904013306

Legal Representative:Chen Lin Principal in charge of accounting: Wang Wenxin Principal of the financial department:Wang Wenxin

2. Consolidated income statement from the beginning of the year to the end of the report period

Unit: RMB

Item Balance of this period Balance of last period

I. Total operating income 13479933172 10803775346

Including: operating income 13479933172 10803775346

II. Total operating costs 11986880573 9061719117

Including: Operating costs 10411924063 7693520877

Taxes and surcharges 119629477 101698686

sales expense 227015823 218466493

Management costs 566835376 508685496

R&D expenses 547735584 433359500

Financial expenses 113740250 105988065

Including: interest expense 168803141 149099132

Interest income 59319450 48209444

9CSG HOLDING CO. LTD. The Third Quarter Report 2023

Plus: other income 89046515 153609840

Investment income (“-” for loss) -6890163 26097782

Credit impairment loss (“-” for loss) -18898917 -5479274

Asset impairment loss (“-” for loss) -84232 1456

Asset disposal income (“-” for loss) 76520 14717376

III. Operating profit (“-” for loss) 1556302322 1931003409

Plus: non-operating income 13420148 15878218

Less: non-operating expenses 1048888 5065778

IV. Gross profit (“-” for loss) 1568673582 1941815849

Less: Income tax expenses 112486716 282993241

V. Net profit (“-” for net loss) 1456186866 1658822608

(I) Classification by business continuity

1. Net profit from continuing operations (“-” for net loss) 1456186866 1658822608

2. Net profit from discontinued operations (“-” for net loss)

(II) )Classification by ownership

1. Net profit attributable to the owners of parent company(“-”

14666720101650528056

for net loss)

2. Minor shareholders’ equity(“-” for net loss) -10485144 8294552

VI. Net amount of other gains after tax 9139505 13866992

Net amount of other gains after tax attributable to owners of

913950513866992

parent company

(I)Other comprehensive income that will be reclassified into

913950513866992

profit or loss

1. Foreign currency financial statement translation difference 9139505 13866992

VII. Total comprehensive incomes 1465326371 1672689600

(I)Total comprehensive incomes attributable to the owners of

14758115151664395048

the parent company

(II) Total comprehensive incomes attributable to the minor

-104851448294552

shareholders

VIII. Earnings per share:

(I) Basic earnings per share 0.48 0.54

(II) Diluted earnings per share 0.48 0.54

Legal Representative:Chen Lin Principal in charge of accounting: Wang Wenxin Principal of the financial department:Wang Wenxin

3. Consolidated cash flow statement from the beginning of the year to the end of the report period

Unit: RMB

Item Balance of this period Balance of last period

I. Net cash flow from business operation

Cash received from sales of products and providing of services 12804613983 11127539633

Tax returned 142833477 288749170

Other cash received from business operation 241778916 138811038

Sub-total of cash inflow from business activities 13189226376 11555099841

Cash paid for purchasing of merchandise and services 8894605626 7571106945

Cash paid to staffs or paid for staffs 1639320393 1358371110

Taxes paid 723844134 675024573

10CSG HOLDING CO. LTD. The Third Quarter Report 2023

Other cash paid for business activities 307209951 331986406

Sub-total of cash outflow from business activities 11564980104 9936489034

Net cash flow generated by business operation 1624246272 1618610807

II. Cash flow generated by investing

Cash received from investment recovery 20000000 3097760000

Cash received from investment income 1151742 24877210

Net cash retrieved from disposal of fixed assets intangible

33017822396477

assets and other long-term assets

Other investment-related cash received 37246122

Sub-total of cash inflow due to investment activities 58728042 3145033687

Cash paid for construction of fixed assets intangible assets and

33568629252804447839

other long-term assets

Cash paid for investment 20000000 2698160000

Obtain net cash payments from subsidiaries and other operating

696000

units

Other cash paid for investment activities 10076360

Sub-total of cash outflow due to investment activities 3377558925 5512684199

Net cash flow generated by investment -3318830883 -2367650512

III. Cash flow generated by financing

Absorb cash received from investment 68000000 78000000

Including: cash received by the subsidiary from absorbing

6800000078000000

minority shareholders' investment

Cash received as loans 2766410839 3524137657

Other financing-related cash received 12000000 8927153

Subtotal of cash inflow from financing activities 2846410839 3611064810

Cash to repay debts 2430592680 718073523

Cash paid as dividend profit or interests 748477707 832800949

Other cash paid for financing activities 46582943 54284085

Subtotal of cash outflow due to financing activities 3225653330 1605158557

Net cash flow generated by financing -379242491 2005906253

IV. Influence of exchange rate alternation on cash and cash

51158629486463

equivalents

V. Net increase of cash and cash equivalents -2068711240 1266353011

Plus: Balance of cash and cash equivalents at the beginning of

45940182512756477572

term

VI. Balance of cash and cash equivalents at the end of term 2525307011 4022830583

Legal Representative:Chen Lin Principal in charge of accounting: Wang Wenxin Principal of the financial department:Wang Wenxin

11CSG HOLDING CO. LTD. The Third Quarter Report 2023（II）Implementation of new accounting standards for the first time starting from 2023

and adjustment of the relevant items in the financial statements at the beginning of the year

for the first implementation

□Applicable √Not applicable

(III) Report of the Auditors

Whether the Third Quarter Report has been audited or not

□ Yes √ No

The Third Quarter Report hasn’t been audited.Board of Directors of

CSG Holding Co. Ltd.

31 October 2023

12