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南玻B:2026年一季度报告(英文版)

深圳证券交易所 04-28 00:00 查看全文

南玻B --%

CSG HOLDING CO. LTD.THE First QUARTER REPORT 2026

Chairman of the Board:

CHEN LIN

April 2026

1CSG HOLDING CO. LTD. The First Quarter Report 2026

Stock Code: 000012/200012 Short Form of Stock: Southern Glass A/B Notice No.:2026-015

CSG Holding Co. Ltd.The First Quarter Report 2026

The Company and all members of the Board of Directors guarantee that the contents of the

information disclosed are true accurate and complete and that there are no false representations

misleading statements or material omissions.Important Notice:

1.The Board of Directors and the directors and senior management of the Company guarantee that

the contents of this quarterly report are true accurate and complete and that there are no false

representations misleading statements or material omissions and accept individual and joint legal

liabilities for the same.

2.Head of the Company the person in charge of accounting work and the person in charge of the

accounting institution (Chief Financial Officer) hereby declare that they guarantee the financial

information disclosed in this quarterly report to be true accurate and complete.

3.Whether the First Quarterly Financial Report has been audited.

□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. Key Financial Data

(I) Key Accounting Data and Financial Indicators

Whether the Company is required to retrospectively adjust or restate accounting data of prior years.□Yes□No

The current reporting Same period of the prior Year-on-year change

period year (%)

Operating Revenue (RMB) 2990246615 3068825224 -2.56%

Net profit attributable to shareholders of the

listed company (RMB) -98642973 15869985 -721.57%

Net profit attributable to shareholders of the

listed company excluding non-recurring gains -120943547 -15069846 -702.55%

and losses (RMB)

1CSG HOLDING CO. LTD. The First Quarter Report 2026

Net cash flows from operating activities (RMB) 39071248 69245929 -43.58%

Basic earnings per share (RMB/share) -0.03 0.005 -700%

Diluted earnings per share (RMB/share) -0.03 0.005 -700%

Weighted average return on equity (ROE) -0.75% 0.12% -0.87%

End of the current Change from end of

reporting period End of the prior year prior year (%)

Total assets (RMB) 31689536306 31305028835 1.23%

Net assets attributable to shareholders of the

listed company (RMB) 13034107139 13145488958 -0.85%

(II) Items and Amounts of Non-recurring Gains and Losses

□Applicable □Not applicable

Unit: RMB

Item Amount in the currentreporting period Explanation

Gain/loss on disposal of non-current assets (including the write-off portion of

accrued asset impairment provisions) 2836751

Government grants recognised in profit or loss (excluding those that are closely

related to the Company’s normal business activities comply with national

policies are entitled under specified standards and have a continuing effect on 15661980

the Company’s profit or loss)

Gains/losses arising from changes in fair value of financial assets and financial

liabilities held by non-financial enterprises and gains/losses from disposal of

financial assets and financial liabilities excluding effective hedging activities 3627874

related to the Company’s normal business operations

Reversal of provision for impairment of receivables that were individually tested

for impairment 2986056

Gain/loss on debt restructuring 1567278

Other non-operating income and expenses other than those mentioned above -722453

Less: Tax effect amount 3015291

Effect on non-controlling interests (after tax) 641621

Total 22300574 --

Details of Other Profit/Loss Items That Meet the Definition of Non-recurring Gains and Losses

□Applicable□Not applicable

The Company has no other profit/loss items that meet the definition of non-recurring gains and losses.Explanation of Items Listed as Non-recurring Gains and Losses in the “Explanatory Announcement No. 1 onInformation Disclosure for Companies Offering Their Securities to the Public — Non-recurring Gains and Losses”

that are Classified as Recurring Gains and Losses

□Applicable□Not applicableThe Company has no items that are listed as non-recurring gains and losses in the “Explanatory Announcement No. 1on Information Disclosure for Companies Offering Their Securities to the Public — Non-recurring Gains and Losses”

that are classified as recurring gains and losses.(III) Explanation of Changes in Key Accounting Data and Financial Indicators

□Applicable □Not applicable

Unit: RMB

2CSG HOLDING CO. LTD. The First Quarter Report 2026

Balance Sheet Items Note 31 March 2026 31 December 2025 Change (%)

Financial assets held for trading (1) 100000000 230000000 -57%

Inventories (2) 2556643370 1969149555 30%

Other non-current assets (3) 547315537 192896549 184%

Employee compensation payable (4) 206626515 329941978 -37%

Income Statement Items Note January–March 2026 January–March 2025 Change (%)

Finance costs (5) 59805874 45714584 31%

Other income (6) 24633396 42484302 -42%

Investment income (7) -775373 -4756507 -84%

Credit impairment losses (8) -27547996 -1307285 2007%

Gain on disposal of assets (9) 239472 1111342 -78%

Non-operating expenses (10) 2550936 441260 478%

Income tax expense (11) -15718060 2568703 -712%

Net amount of other comprehensive income after tax (12) -13096048 -2976861 340%

Notes:( 1)The decrease in financial assets held for trading was mainly due to the redemption of certain structured

deposits during the current reporting period.

(2)The increase in inventories was mainly due to an increase in finished goods during the current reporting period.

(3)The increase in other non-current assets was mainly due to an increase in large-denomination certificates of

deposit with a term of more than one year.

(4)The decrease in employee compensation payable was mainly due to the reduction in accrued compensation

from the prior year and the payment of such accrued compensation during the current reporting period.

(5)The increase in finance costs was mainly due to an increase in exchange losses and a decrease in interest

income among others.

(6)The decrease in other income was mainly due to a decrease in VAT additional deduction and government

grants among others.

(7)The change in investment income was mainly due to an increase in wealth management income during the

current reporting period among others.( 8) The increase in credit impairment losses was mainly due to an increase in provision for impairment of

accounts receivable during the current reporting period.

(9)The decrease in gain on disposal of assets was mainly due to a decrease in disposals of non-current assets

during the current reporting period.

(10)The increase in non-operating expenses was mainly due to an increase in penalty expenses among others.

(11)The decrease in income tax expense was mainly due to a decrease in profits of certain subsidiaries compared

with the same period of the prior year.

(12)The change in the net amount of other comprehensive income after tax was mainly due to the change in the

exchange difference on translation of foreign currency financial statements.

3CSG HOLDING CO. LTD. The First Quarter Report 2026

II. Shareholder Information

(I) Number of Holders of Ordinary Shares and Preferred Shares with Restored Voting Rights and

Shareholding of the Top 10 Shareholders

Unit: Share

Total number of preferred

Total number of ordinary shareholders at the end of the reporting 130522 shareholders with restored votingperiod rights at the end of the reporting 0

period (if any)

Shareholding of the Top 10 Shareholders (excluding shares lent through refinancing)

Total shares Number Pledged marked or

Name Nature of held at the Number of

of frozen

shareholder end of report shares held restricted

period (%) shares Share status Numberheld

Domestic Non-

Foresea Life Insurance Co. Ltd. – HailiNiannian state-owned 15.33% 466386874 0 N/A 0

Legal Person

Domestic Non-

Shenzhen Sigma C&T Co. Ltd. state-owned 3.96% 120385406 0 N/A 0

Legal Person

Foresea Life Insurance Co. Ltd. – Universal Domestic Non-

Insurance Products state-owned 3.89% 118425007 0 N/A 0Legal Person

Domestic Non-

Foresea Life Insurance Co. Ltd. – Own Fund state-owned 2.13% 64765161 0 N/A 0

Legal Person

China Galaxy International Securities (Hong Overseas Legal

Kong) Co. Limited Person 1.35% 41034578 0 N/A 0

Hong Kong Securities Clearing Co. Ltd. Overseas LegalPerson 1.06% 32172772 0 N/A 0

Li Xinqiang DomesticNatural Person 0.61% 18556000 0 N/A 0

VANGUARD TOTAL INTERNATIONAL Overseas Legal

STOCK INDEX FUND Person 0.58% 17537213 0 N/A 0

China Merchants Securities (Hong Kong) Limited Overseas LegalPerson 0.55% 16753823 0 N/A 0

NORGES BANK Overseas LegalPerson 0.52% 15766387 0 N/A 0

Particulars about top ten shareholders with unrestricted shares held

(Excluding shares lent through refinancing and executive lock-in shares)

Amount of Type of shares

Name unrestrictedshares held

at year-end Type Amount

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

Shenzhen Sigma C&T Co. Ltd. 120385406 RMB ordinary shares 120385406

Foresea Life Insurance Co. Ltd. – Universal Insurance Products 118425007 RMB ordinary shares 118425007

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

4CSG HOLDING CO. LTD. The First Quarter Report 2026

China Galaxy International Securities (Hong Kong) Co. Limited 41034578 Domestically listed foreign shares 41034578

Hong Kong Securities Clearing Co. Ltd. 32172772 RMB ordinary shares 32172772

Li Xinqiang 18556000 RMB ordinary shares 18556000

VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND 17537213 Domestically listed foreign shares 17537213

China Merchants Securities (Hong Kong) Limited 16753823 Domestically listed foreign shares 16753823

NORGES BANK 15766387 Domestically listed foreign shares 15766387

As of the end of the reporting period among the above

Explanation of the Related Party Relationships or Acting in Concert shareholders it is known that Foresea Life Insurance Co. Ltd.among the Above Shareholders – HailiNiannian Foresea Life Insurance Co. Ltd. - UniversalInsurance Products and Foresea Life Insurance Co. Ltd. -

Own Funds are all held by Foresea Life Insurance Co. Ltd.As of the end of the reporting period shareholder Shenzhen

Sigma C&T Co. Ltd. held 0 shares of the Company through

an ordinary securities account and 120385406 shares of the

Company through the margin account maintained with Huatai

Explanation of the Participation of the Top 10 Shareholders in Securities Co. Ltd. holding an aggregate of 120385406

Margin Trading and Short Selling Business (if any) shares of the Company. Shareholder Li Xinqiang held

17200000 shares of the Company through an ordinary

securities account and 1356000 shares through the margin

account maintained with China Merchants Securities Co. Ltd.holding an aggregate of 18556000 shares of the Company.Special Note: Among the top 10 shareholders CSG Holding Co. Ltd. has a repurchase special securities account

which as required is not included in the list of top 10 shareholders. As of 31 March 2026 the Company had

repurchased an aggregate of 52838338 A shares through the repurchase special securities account by way of

centralized bidding trading representing 1.74% of the Company's total share capital.Information on Lending of Shares under the Refinancing Business by Shareholders with 5% or More Shareholding

the Top 10 Shareholders and the Top 10 Unrestricted Tradable Shareholders

□Applicable□Not applicable

Changes in the Shareholdings of the Top 10 Shareholders and the Top 10 Unrestricted Tradable Shareholders due to

the Lending and Return of Shares under the Refinancing Business as Compared with the Prior Period

□Applicable□Not applicable

(II) Number of Preferred Shareholders of the Company and Shareholding of the Top 10 Preferred

Shareholders

□Applicable□Not applicable

III. Other Significant Events

□Applicable □Not applicable

1. Ultra-short-term financing bills

5CSG HOLDING CO. LTD. The First Quarter Report 2026

On 16 May 2022 the Company’s 2021 Annual General Meeting reviewed and approved the Proposal on the

Application for Registration and Issuance of Medium-Term Notes and Ultra-short-term financing bills approving the

Company to register and issue Ultra-short-term financing bills with a registered amount not exceeding RMB 1.0

billion. The Company may issue the Ultra-short-term financing bills in one or more tranches within the validity

period of the registration based on its actual funding needs and the funding conditions in the interbank market. On 25

April 2025 the Company issued the first tranche of its 2025 Ultra-short-term financing bills (Sci-Tech Innovation

Notes) with an aggregate amount of RMB 300 million and a term of 270 days at an issue rate of 2.27% and

completed the redemption on 23 January 2026.

2. Guarantees

The Company’s 2024 Annual General Meeting reviewed and approved the Proposal on the 2025 Guarantee Plan

authorizing the Company and its subsidiaries to provide guarantees of up to RMB 25.8 billion (or its equivalent in

foreign currency) (including amounts already effective but not yet due) to each guaranteed entity within the scope of

consolidation with respect to credit facilities granted by financial institutions for 2025. Within the total authorized

amount guarantees of up to RMB 6.2 billion (or its equivalent in foreign currency) (including amounts already

effective but not yet due) may be provided to guaranteed entities with a gearing ratio of 70% or above. The

Company’s external guarantees are all provided to its subsidiaries within the scope of consolidation. As of 31 March

2026 the outstanding guarantee balance amounted to RMB 8457.29 million (of which the outstanding balance of

guarantees provided to entities with a gearing ratio of 70% or above was RMB 2575.76 million) representing

64.34% of the net assets attributable to shareholders of the Company as at 31 December 2025 of RMB 13145.49

million and 27.02% of the total assets of RMB 31305.03 million. The Company had no overdue guarantees.The Company’s 2024 Annual General Meeting reviewed and approved the Proposal on Carrying Out Asset Pooling

Arrangements. In order to meet the Company’s needs for the centralized management of notes letters of credit and

other assets held by it the General Meeting approved the Company and its subsidiaries to carry out asset pooling

arrangements of no more than RMB 2.0 billion. Under the precondition that risks were controllable various

guarantee methods such as maximum amount pledge general pledge certificate of deposit pledge notes pledge and

margin pledge may be adopted for such arrangements. As of 31 March 2026 the amount actually pledged under the

asset pooling arrangements was RMB 864.66 million and the outstanding financing balance was RMB 850.36

million.

3. Postponement of the Re-election of the Board of Directors

The term of the Company’s ninth session of the Board of Directors expired on 21 May 2023 and as of the date of this

report the re-election process is being steadily advanced. Pursuant to Article 100 of the Articles of Association of

CSG Holding Co. Ltd. where the term of a director expires but the re-election has not been carried out in a timely

manner the original director shall continue to perform his/her duties in accordance with the provisions of laws

administrative regulations departmental rules and the Articles of Association until the re-elected director assumes

office. Accordingly the members of the ninth session of the Board of Directors continue to perform their duties

normally and the postponement of the re-election of the Board of Directors will not have any adverse effect on the

Company’s operations and management or its corporate governance.

4. Share Repurchase

The Company convened an interim meeting of the ninth session of the Board of Directors on 13 February 2025 and

the first interim General Meeting of 2025 on 4 March 2025. The meetings reviewed and approved the Proposal on the

Repurchase of Part of the Company’s RMB Ordinary Shares (A Shares) and Domestically Listed Foreign Shares (B

Shares) authorising the Company to use its own funds and self-raised funds (including commercial bank special

6CSG HOLDING CO. LTD. The First Quarter Report 2026

loans for repurchase etc.) to repurchase part of its A shares and B shares through the trading system of the Shenzhen

Stock Exchange by way of centralized bidding trading. The total amount of funds to be used for the repurchase of A

shares was not less than RMB 24300000 and not more than RMB 48500000 including transaction handling fees

and other related expenses; the total amount of funds to be used for the repurchase of B shares was not less than

HK$50000000 and not more than HK$100000000 including foreign exchange purchase costs transaction

handling fees and other related expenses. The repurchase price for A shares was set at not more than RMB 7.60 per

share and for B shares at not more than HK$3.13 per share. All A shares repurchased by the Company will be used

for equity incentives or employee stock ownership plans (the implementation of such equity incentives or employee

stock ownership plans is subject to the approval of the Board of Directors and the General Meeting of the Company);

all B shares repurchased will be cancelled. The implementation period of this repurchase is twelve months from the

date of approval of the repurchase plan by the General Meeting of the Company. For details see the Report on the

Repurchase of Part of the Company’s RMB Ordinary Shares (A Shares) and Domestically Listed Foreign Shares (B

Shares) disclosed by the Company on CNINFO (www.cninfo.com.cn) on 25 March 2025.Following the completion of the implementation of the Company’s 2024 Annual Equity Distribution the upper limit

of the repurchase price for A shares was adjusted from not more than RMB 7.60 per share to not more than RMB

7.53 per share and the estimated repurchase volume after adjustment was not less than 44443773 shares and not

more than 76581887 shares; the repurchase price for B shares was adjusted from not more than HK$3.13 per share

to not more than HK$3.05 per share and the estimated repurchase volume after adjustment was not less than

22139398 shares and not more than 38532841 shares.

As of 4 March 2026 the implementation period of this share repurchase had expired. The Company repurchased an

aggregate of 52838338 A shares and 28223296 B shares through the repurchase special securities account by way

of centralized bidding trading representing 2.6398% of the Company’s total share capital. The highest transaction

price for the repurchased A shares was RMB 5.04 per share (not exceeding the upper limit of RMB 7.53 per share

under the repurchase plan) the lowest transaction price was RMB 4.54 per share and the total amount of funds paid

was RMB 249974737.84 (excluding stamp duty trading commissions and other transaction fees). The highest

transaction price for the repurchased B shares was HK$1.94 per share (not exceeding the upper limit of HK$3.05 per

share under the repurchase plan) the lowest transaction price was HK$1.65 per share and the total amount of funds

paid was HK$50989016.13. The implementation of this share repurchase by the Company complied with all

applicable laws and regulations and conformed to the approved repurchase plan. The repurchase plan has been fully

implemented.As of 12 March 2026 the Company had completed the cancellation of the 28223296 B shares repurchased with the

Shenzhen Branch of China Securities Depository and Clearing Corporation Limited. Following the completion of the

cancellation of these repurchased shares the Company’s total share capital decreased from 3070692107 shares to

3042468811 shares.

IV. Quarterly Financial Statements

(I) Financial Statements

1. Consolidated Balance Sheet

Prepared by: CSG Holding Co. Ltd

31 March 2026

Unit: RMB

7CSG HOLDING CO. LTD. The First Quarter Report 2026

Item Balance at end of period Balance at beginning of period

Current assets:

Cash and cash equivalents 3182547430 3141975147

Financial assets held for trading 100000000 230000000

Notes receivable 1113771095 1420061226

Accounts receivable 1834123958 1802165051

Receivables financing 427478520 533418878

Prepayments 147695197 134771994

Other receivables 70109721 54386121

Inventories 2556643370 1969149555

Assets held for sale 5262859 5262859

Other current assets 540610776 474226753

Total current assets 9978242926 9765417584

Non-current assets:

Investment properties 286145387 286145387

Fixed assets 13675198136 13897777933

Construction in progress 4460748458 4420551577

Right-of-use assets 68164275 64277229

Intangible assets 2202241233 2238041467

Goodwill 3039946 3039946

Long-term prepaid expenses 66144888 68644513

Deferred tax assets 402295520 368236650

Other non-current assets 547315537 192896549

Total non-current assets 21711293380 21539611251

Total assets 31689536306 31305028835

Current liabilities:

Short-term borrowings 831891601 1158648329

Notes payable 2923935605 2557712651

Accounts payable 2743550468 2769745963

Contract liabilities 327368070 369377265

Employee compensation payable 206626515 329941978

Taxes payable 89478470 73812602

Other payables 407556068 369513739

Including: Interest payable 9817710 13362151

Dividends payable 34482724 34482724

Non-current liabilities due within one year 2181301567 1881828060

Other current liabilities 244984259 320616877

Total current liabilities 9956692623 9831197464

Non-current liabilities:

Long-term borrowings 7225451856 6882862147

Lease liabilities 25179310 23057883

Long-term payables 634668156 594270580

Provisions 27509100 27378869

Deferred income 292078040 301071111

Deferred tax liabilities 89494581 90503199

Total non-current liabilities 8294381043 7919143789

Total liabilities 18251073666 17750341253

Owners’ equity:

Share capital 3042468811 3070692107

Capital reserve 572217440 590739414

Less: Treasury shares 250024757 296770027

Other comprehensive income 137720860 150816908

Special reserve 6660112 6302910

Surplus reserve 1534714228 1534714228

Retained earnings 7990350445 8088993418

Total equity attributable to owners of the

parent 13034107139 13145488958

8CSG HOLDING CO. LTD. The First Quarter Report 2026

Non-controlling interests 404355501 409198624

Total equity 13438462640 13554687582

Total liabilities and equity 31689536306 31305028835

Legal Representative: Chen Lin Responsible person in charge of the accounting: Wang Wenxin Principal of the

financial department: Wang Wenxin

2. Consolidated Income Statement

Unit: RMB

Item Amount for the current period Amount for the same periodof the prior year

I. Total operating revenue 2990246615 3068825224

Including: Operating revenue 2990246615 3068825224

II. Total operating costs 3107569095 3099435788

Including: Operating cost 2660696039 2659427953

Taxes and surcharges 35140165 33730603

Selling expenses 55502713 67077091

Administrative expenses 182348574 176529548

Research and development expenses 114075730 116956009

Finance costs 59805874 45714584

Including: Interest expenses 61874114 60636256

Interest income 6499958 11032075

Add: Other income 24633396 42484302

Investment income (loss is indicated by “-” sign) -775373 -4756507

Credit impairment losses (loss is indicated by “-” sign) -27547996 -1307285

Gain on disposal of assets (loss is indicated by “-” sign) 239472 1111342

III. Operating profit (loss is indicated by “-” sign) -120772981 6921288

Add: Non-operating income 4119761 5272159

Less: Non-operating expenses 2550936 441260

IV. Total profit (total loss is indicated by “-” sign) -119204156 11752187

Less: Income tax expense -15718060 2568703

V. Net profit (net loss is indicated by “-” sign) -103486096 9183484

(I) By nature of operations

1. Net profit from continuing operations (net loss is

indicated by “-” sign) -103486096 9183484

(II) By ownership

1. Net profit attributable to owners of the parent -98642973 15869985

2. Profit/loss attributable to non-controlling interests -4843123 -6686501

VI. Net amount of other comprehensive income after tax -13096048 -2976861

Net amount of other comprehensive income after tax

attributable to owners of the parent -13096048 -2976861

(I) Other comprehensive income that will be reclassified

to profit or loss -13096048 -2976861

1. Exchange difference on translation of foreign

currency financial statements -13096048 -2976861

VII. Total comprehensive income -116582144 6206623

Total comprehensive income attributable to owners of the

parent -111739021 12893124

Total comprehensive income attributable to non-controlling

interests -4843123 -6686501

VIII. Earnings per share:

(I) Basic earnings per share -0.03 0.005

(II) Diluted earnings per share -0.03 0.005

Legal Representative: Chen Lin Responsible person in charge of the accounting: Wang Wenxin Principal of the

financial department: Wang Wenxin

9CSG HOLDING CO. LTD. The First Quarter Report 2026

3. Consolidated Cash Flow Statement

Unit: RMB

Item Amount for the current period Amount for the same period ofthe prior year

I. Cash flows from operating activities:

Cash received from sales of goods and rendering of

services 3173852936 3040297234

Refunds of taxes and levies 2311064 1645898

Other cash received relating to operating activities 65740029 37263834

Subtotal of cash inflows from operating activities 3241904029 3079206966

Cash paid for goods and services 2425842017 2177958548

Cash paid to and on behalf of employees 582952607 591305907

Cash paid for taxes and levies 106318584 110616466

Other cash paid relating to operating activities 87719573 130080116

Subtotal of cash outflows from operating activities 3202832781 3009961037

Net cash flows from operating activities 39071248 69245929

II. Cash flows from investing activities:

Cash received from disposal of investments 1318243598 721454000

Cash received from investment income 2361622 1320670

Net cash received from disposal of fixed assets

intangible assets and other long-term assets 8576274 4233004

Subtotal of cash inflows from investing activities 1329181494 727007674

Cash paid for acquisition and construction of fixed

assets intangible assets and other long-term assets 150270773 235334225

Cash paid for investments 1602767199 689000000

Other cash paid relating to investing activities 49115553 8504624

Subtotal of cash outflows from investing activities 1802153525 932838849

Net cash flows from investing activities -472972031 -205831175

III. Cash flows from financing activities:

Cash received from borrowings 1504690102 1934022067

Other cash received relating to financing activities 86775000

Subtotal of cash inflows from financing activities 1591465102 1934022067

Cash paid for repayment of borrowings 1068743352 1617842269

Cash paid for distribution of dividends or profits or for

payment of interest 70174319 67059301

Other cash paid relating to financing activities 77361834 73757544

Subtotal of cash outflows from financing activities 1216279505 1758659114

Net cash flows from financing activities 375185597 175362953

IV. Effect of foreign exchange rate changes on cash and

cash equivalents -5836192 2074225

V. Net increase in cash and cash equivalents -64551378 40851932

Add: Cash and cash equivalents at beginning of period 2981170323 3367873386

VI. Cash and cash equivalents at end of period 2916618945 3408725318

(II) Adjustments to Items in the Financial Statements at the Beginning of the Current Year Arising from the

First-Time Adoption of New Accounting Standards in 2026

□Applicable□Not applicable

(III) Audit Report

Whether the First Quarterly Financial Report has been audited

□Yes□No

10CSG HOLDING CO. LTD. The First Quarter Report 2026

The First Quarterly Financial Report of the Company has not been audited.Board of Directors of

CSG Holding Co. Ltd.

28 April 2026

11

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