Summary of 2026 Semi-Annual Report of CHANGHONG MEILING CO. LTD.Stock Code: 000521 200521 Stock Abbreviation: Changhong Meiling Changhong Meiling B Announcement No.: 2026-046

Summary of 2026 Semi-Annual Report of CHANGHONG

MEILING CO. LTD.I. Important Notice

(I) This summary of semi-annual report is extracted from the full text of the semi-annual

report. To fully understand the operating results financial position and future development

plan of the Company investors shall carefully read the full semi-annual report published on

the designated media of the China Securities Regulatory Commission.(II) No director or senior management of the Company has stated that they are unable to

guarantee or have objections to the authenticity accuracy and completeness of the contents

of this semi-annual report.(III) All directors attended the Board meeting for deliberating this report via on-site

participation combined with remote communication.(IV) Modified audit opinions notes

□Applicable √ Not applicable

(V) Profit distribution pre-plan or capital reserve capitalization pre-plan deliberated by the

board of directors in the reporting period

□Applicable √ Not applicable

The Company plans not to distribute cash dividends issue bonus shares or increase share capital

by transferring capital reserves.(VI) Profit distribution pre-plan of preferred stock deliberated and approved by the Board

in the reporting period

□Applicable √ Not applicable

1Summary of 2026 Semi-Annual Report of CHANGHONG MEILING CO. LTD.

II. Basic Information of the Company

(I) Company profile

Short form of the stock Changhong MeilingHongmeiling B Stock code 000521 200521

Stock exchange for listing Shenzhen Stock Exchange

Short form of the stock after

changed (if applicable) Not applicable

Person/way to contact Board Secretary Securities Affairs Representative

Name Yang Liuxu Xiao Li

Office address No. 2163 Lianhua Road Economic and No. 2163 Lianhua Road Economic andTechnological Development Zone Hefei Technological Development Zone Hefei

Tel. 0551-62219021 0551-62219021

E-mail address liuxu.yang@meiling.com li.xiao@meiling.com

(II) Main accounting data and financial indexes

Does it have retroactive adjustment or re-statement on previous accounting data

□ Yes ? No

Reporting period Corresponding prior Change compared to theperiod same period of last year

Operating revenue (RMB) 16136185712.66 18071515842.15 -10.71%

Net profit attributable to shareholders of

the listed company (RMB) 57982645.46 417187345.27 -86.10%

Net profit attributable to shareholders of

the listed company after deducting non- -8961122.19 391047124.53 -102.29%

recurring gains and losses (RMB)

Net cash flows generated from operating

activities (RMB) 323637801.01 1360573661.71 -76.21%

Basic earnings per share (RMB/share) 0.0574 0.4051 -85.83%

Diluted earnings per share (RMB/share) 0.0574 0.4051 -85.83%

Weighted average return on net assets Decreased by 5.68 percentage0.95% 6.63% points

End of the reporting End of last year Change compared to end ofperiod last year

Total assets (RMB) 27292583494.04 22302792548.16 22.37%

Net assets attributable to shareholder of

listed company (RMB) 5875541859.07 6083548865.34 -3.42%

(III) Number of shareholders and shareholding

Unit: Shares

Total number of ordinary Total number of preferred

shareholders at the end of the 63379 shareholders with restored 0

2Summary of 2026 Semi-Annual Report of CHANGHONG MEILING CO. LTD.

reporting period voting rights at the end of

the reporting period (if

any)

Shareholdings of the top 10 shareholders

Number of Pledge marking

Name of shareholder Nature of

Sharehol

ding Number of

shares or freezing status

shareholders shares held subject toratio restricted Status of Numbe

conditions shares r

State-owned

Sichuan Changhong Electric Co. Ltd. 24.12% 248457724 0 — —

legal person

Hong Kong Securities Clearing Company Overseas legal

2.85%293239810——

Limited person

Overseas legal

CHANGHONG (HK) TRADING LIMITED 2.63% 27077797 0 — —

person

Hefei Industry Investment Holding (Group) State-owned

1.83%188648960——

Co. Ltd. legal person

Overseas

CAO SHENGCHUN 1.43% 14766086 0 — —

natural person

Domestic

Wang Jialing 1.18% 12200018 0 — —

natural person

Domestic non-

Bank of China Co. Ltd. – Bosera CSI

state-owned 1.16% 11926602 0 — —

Dividend Low Volatility 100 ETF

legal person

Domestic

# Li Tao 0.92% 9500000 0 — —

natural person

Bank of Communications Co. Ltd. – Domestic non-

Invesco Great Wall CSI Dividend Low state-owned 0.92% 9492300 0 — —

Volatility 100 ETF legal person

Guotai Haitong Securities Co. Ltd. – Domestic non-

Tianhong CSI Dividend Low Volatility 100 state-owned 0.88% 9048300 0 — —

ETF legal person

Among the above shareholders CHANGHONG (HK) TRADING LIMITED is a

wholly-owned subsidiary of Sichuan Changhong Electric Co. Ltd. In addition to

directly holding the Company’s B shares Hong Kong Changhong also holds

Explanation of related-party relationships or 6296913 B shares of the Company through Phillip Securities (Hong Kong)

acting-in-concert arrangements among the Limited. Sichuan Changhong and Hong Kong Changhong have a related party

above shareholders relationship and constitute acting-in-concert parties. The Company is unaware of

whether there are any related party relationships among other shareholders and

also unaware whether other shareholders constitute acting-in-concert parties as

defined in the Administrative Measures for the Takeover of Listed Companies.Description of shareholders participating in

margin financing and securities lending N/A

business (if any)

3Summary of 2026 Semi-Annual Report of CHANGHONG MEILING CO. LTD.

Participation of shareholders holding more than 5% the top 10 shareholders and the top 10

unrestricted circulating shareholders in securities lending under the margin trading and securities

lending scheme

□ Applicable √ Not applicable

Changes in the top 10 shareholders and top 10 unrestricted circulating shareholders’ holdings

compared to the previous period due to lending/return under the margin trading and securities

lending scheme

□ Applicable √ Not applicable

(IV) Changes in controlling shareholder or actual controller

1. Changes in controlling shareholder during the reporting period

□Applicable √ Not applicable

There were no changes to the Company’s controlling shareholder during the reporting period.

2. Changes in actual controller during the reporting period

□Applicable √ Not applicable

There were no changes to the Company’s actual controller during the reporting period.(V) Total number of preference shareholders of the Company and shareholdings of the top

10 preference shareholders

□Applicable √ Not applicable

The Company had no preference shareholders during the reporting period.(VI) Status of bonds outstanding as at the date of approval and disclosure of the semi-

annual report

□Applicable √ Not applicable

III. Important Events

1. On January 21 2026 Ms. Li Xia resigned from the positions of Vice President Chief

Compliance Officer General Counsel and all other positions due to a job transfer. She is now

employed by the controlling shareholder's related unit. Details were disclosed by the Company in

the form of an announcement (Announcement No. 2026-002) on January 22 2026 in the

designated information disclosure media Securities Times China Securities Journal and Juchao

Website (www.cninfo.com.cn).

4Summary of 2026 Semi-Annual Report of CHANGHONG MEILING CO. LTD.

2. On January 26 2026 Mr. Wu Dinggang resigned from his positions as Director Chairman

Chair of the Strategy Committee Member of the Audit Committee Member of the Nomination

Committee Member of the Compensation and Appraisal Committee Chair of the ESG

Management Committee and all other positions of the 11th Board of Directors due to a job

transfer. He still holds positions in the controlling shareholder's unit. Details were disclosed by the

Company in the form of an announcement (Announcement No. 2026-003 2026-004) on January

26 2026 in the designated information disclosure media Securities Times China Securities

Journal and Juchao Website (www.cninfo.com.cn).

3. On February 11 2026 at the 2026 first extraordinary shareholders’ meeting it was

approved to elect Mr. Li Xiaodong as a non-independent director of the 11th Board of Directors of

the Company effective from the date of approval by the board of shareholders until the expiration

of the 11th Board of Directors’ term. At the 27th meeting of the 11th Board of Directors it was

approved to elect Mr. Li Xiaodong as the Chairman of the 11th Board of Directors effective from

the date of Board approval until the expiration of the 11th Board of Directors' term. Details were

disclosed by the Company in the form of an announcement (Announcement No. 2026-008 2026-

009 and 2026-010) on February 11 2026 in the designated information disclosure media

Securities Times China Securities Journal and Juchao Website (www.cninfo.com.cn).

4. On April 1 2026 due to the restructuring of the Company's governance Mr. Cheng Ping

no longer serves as a Director of the 11th Board of Directors Member of the Strategy Committee

Member of the ESG Management Committee or holds any other position in the Company. He

still holds a position at the controlling shareholder’s related entity. To ensure the standardized

operation of the Company’s Board of Directors and in accordance with relevant provisions the

Company convened an Employee Representative Congress on April 1 2026 and elected Mr. Lu

Haiyang as the employee director of the 11th Board of Directors of the Company. His term of

office commences on the date of election and approval at this Employee Representative Congress

and expires upon the end of the term of the 11th Board of Directors. Details were disclosed by the

Company in the form of an announcement (Announcement No. 2026-014 2026-025) on April 3

2026 in the designated information disclosure media Securities Times China Securities Journal

and Juchao Website (www.cninfo.com.cn).

5. On April 1 2026 Mr. Hu Zhaogui resigned from his position as Vice President due to a

job transfer but continued to serve as the Chairman of the Company’s subsidiary Sichuan

Changhong Air Conditioner Co. Ltd. Mr. Kou Huameng resigned from his position as Vice

President and all other positions due to a job transfer and now works at an entity of a connected

party. Due to work adjustment Mr. Wang Xiaocheng no longer served as Vice President of the

Company and is now employed by a subsidiary controlled by the Company. In accordance with

relevant provisions upon nomination by Mr. Tang Youdao President of the Company review and

approval at the 9th meeting of the Nomination Committee of the 11th Board of Directors and

5Summary of 2026 Semi-Annual Report of CHANGHONG MEILING CO. LTD.

deliberation and approval at the 28th meeting of the 11th Board of Directors the Company

appointed Mr. Huang Herong Mr. Tang Shenjie and Mr. Zhang Hao as Vice Presidents of the

Company. Their terms of office commence on the date of approval by the Board of Directors and

expire upon the end of the term of the 11th Board of Directors. Details were disclosed by the

Company in the form of an announcement (Announcement No. 2026-014 2026-026) on April 3

2026 in the designated information disclosure media Securities Times China Securities Journal

and Juchao Website (www.cninfo.com.cn).

6. On April 1 2026 and June 8 2026 upon deliberation at the 28th meeting of the 11th

Board of Directors and approval at the 2025 Annual General Meeting of Shareholders the 2025

Profit Distribution Proposal of the Company was approved. Based on 1007348217 shares of the

Company’s total share capital excluding 22575498 repurchased shares the Company will

distribute a cash dividend of RMB 2.10 (including tax) for every 10 shares held by all

shareholders. No stock dividend will be issued and no capital reserve will be converted into share

capital. On this basis the total cash dividend to be distributed amounts to RMB 211543125.57

(including tax). On June 16 2026 the Company disclosed the Announcement on the

Implementation of the 2025 Profit Distribution Plan and implemented the aforementioned profit

distribution plan. For detailed information the Company disclosed relevant content via

announcements (Announcement No. 2026-014 2026-016 2026-038 and 2026-039) on designated

information disclosure media including Securities Times China Securities Journal and Juchao

Website (www.cninfo.com.cn) on April 3 2026 June 9 2026 and June 16 2026.

7. On April 1 2026 and June 8 2026 upon deliberation at the 28th meeting of the 11th

Board of Directors and approval at the 2025 Annual General Meeting of Shareholders it was

agreed to reappoint Pan-China Certified Public Accountants LLP as the audit institution for the

Company’s 2026 financial statements and internal control for a term of one year. For detailed

information the Company disclosed relevant content via announcements (Announcement No.

2026-014 2026-017 and 2026-038) on designated information disclosure media including

Securities Times China Securities Journal and Juchao Website (www.cninfo.com.cn) on April 3

2026 and June 9 2026.

8. On April 1 2026 and June 8 2026 upon deliberation and approval at the 28th meeting of

the 11th Board of Directors and approval at the 2025 Annual General Meeting of Shareholders

the Company and its subsidiaries are permitted to conduct forward foreign exchange transaction

business during the period from July 1 2026 to June 30 2027 mainly including forward foreign

exchange transactions RMB foreign exchange swaps RMB foreign exchange options non-

deliverable forward foreign exchange transactions and other foreign exchange derivative

transactions. The total transaction volume shall not exceed USD 2.222 billion (mainly including

US dollars Australian dollars and euros; all other foreign currencies shall be converted into US

dollars). The maximum settlement period for a single transaction shall not exceed one year. For

6Summary of 2026 Semi-Annual Report of CHANGHONG MEILING CO. LTD.

detailed information the Company disclosed relevant content via announcements (Announcement

No. 2026-014 2026-019 and 2026-038) on designated information disclosure media including

Securities Times China Securities Journal and Juchao Website (www.cninfo.com.cn) on April 3

2026 and June 8 2026.

9. On April 1 2026 and June 8 2026 upon deliberation and approval at the 28th meeting of

the 11th Board of Directors and approval at the 2025 Annual General Meeting of Shareholders

the Company and its subsidiaries are allowed to apply to Industrial Bank Co. Ltd. Hefei Branch

for a special bill pool credit line of up to RMB 600 million with a credit term of 2 years. For

detailed information the Company disclosed relevant content via announcements (Announcement

No. 2026-014 2026-021 and 2026-038) on designated information disclosure media including

Securities Times China Securities Journal and Juchao Website (www.cninfo.com.cn) on April 3

2026 and June 8 2026.

10. On April 1 2026 and June 8 2026 upon deliberation and approval at the 28th meeting of

the 11th Board of Directors and approval at the 2025 Annual General Meeting of Shareholders

the Company formulated the Remuneration Management System for Directors and Senior

Management of the Company and the 2026 Director Remuneration Plan. For detailed information

the Company disclosed relevant content via announcements (Announcement No. 2026-014 2026-

023 and 2026-038) on designated information disclosure media including Securities Times China

Securities Journal and Juchao Website (www.cninfo.com.cn) on April 3 2026 and June 8 2026.

11.On April 21 2026 the 29th meeting of the 11th Board of Directors of the company

passed a resolution agreeing to appoint Mr. Lu Haiyang as the company's Chief Compliance

Officer. The term of office will commence from the date of the resolution being passed at the 29th

meeting of the 11th Board of Directors and end on the date when the term of the 11th Board of

Directors comes to an end. The detailed information was disclosed by the company on April 21

2026 in the form of announcements (Announcements No. 2026-028 and No. 2026-031) on the

designated information disclosure media including Securities Times China Securities Journal

and CNINFO (www.cninfo.com.cn)

12. On May 27 2026 the Company disclosed the Voluntary Information Disclosure

Announcement on Shareholder Appreciation Activities. In order to express gratitude to

shareholders for their long-term support establish diversified shareholder return mechanisms

enable shareholders to experience the Company’s new products and services and enhance

investors’ understanding and recognition of the Company’s intrinsic value the Company held the

“Changhong Meiling Shareholder Appreciation Event” from May 29 to May 31 2026. Details

were disclosed by the Company in the form of an announcement (Announcement No. 2026-036)

on May 27 2026 in the designated information disclosure media Securities Times China

Securities Journal and Juchao Website (www.cninfo.com.cn)..

7Summary of 2026 Semi-Annual Report of CHANGHONG MEILING CO. LTD.

For detailed information the Company disclosed relevant content via announcements

(Announcement No. 2026-033 2026-034 and 2026-038) on designated information disclosure

media including Securities Times China Securities Journal and Juchao Website

(www.cninfo.com.cn) on May 19 2026 and June 8 2026.Changhong Meiling Co. Ltd.Chairman: Li Xiaodong

August 20 2026

8