2025 Semi-Annual Report Summary of Changchai Company Limited

Stock code:000570 200570 Stock name: Changchai Changchai B Announcement Number:2025-038

2025 Semi-Annual Report Summary of Changchai Company Limited

I. Important Notes

This interim report summary is extracted from the full interim report. To gain a comprehensive understanding of

the Company’s operating results financial condition and future development plans investors are advised to

carefully read the full interim report on the media designated by the China Securities Regulatory Commission.All directors attended the board meeting to review this report.Non-standard Audit Opinion

? Applicable ? Not Applicable

Profit Distribution Proposal or Capital Reserve Conversion Proposal for Ordinary Shares Deliberated by the

Board of Directors During the Reporting Period

? Applicable ? Not Applicable

The Company plans not to distribute cash dividends issue bonus shares or convert capital reserves into share

capital.Profit distribution proposal for preferred shares during the reporting period approved by the Board of Directors

? Applicable ? Not Applicable

II. Corporate Information

1. Corporate Information

Stock name Changchai ChangchaiB Stock code 000570、200570

Stock exchange for stock listing Shenzhen Stock Exchange

Contact Information Board Secretary Securities Representative

Name He Jianjiang

Address 123 Huaide Middle RoadChangzhou Jiangsu China

Tel. (86)519-68683155

Email address cchjj@changchai.com

12025 Semi-Annual Report Summary of Changchai Company Limited

2. Principal Activity of the Company in the Reporting Period

Whether the Company needs to retrospectively adjust or restate accounting data from previous years.? Yes ? No

Current Reporting Same Period of

Period Previous Year YoY Change

Operating revenue (RMB) 1561186625.83 1495909152.63 4.36%

Net profit attributable to the listed

company’s shareholders (RMB) 73422814.69 50097655.15 46.56%

Net profit attributable to the listed

company’s shareholders before 56297500.59 59846264.97 -5.93%

exceptional gains and losses (RMB)

Net cash generated from/used in operating

activities (RMB) -74306110.63 -161814513.00 ——

Basic earnings per share (RMB/share) 0.1040 0.0710 46.48%

Diluted earnings per share (RMB/share) 0.1040 0.0710 46.48%

Weighted average return on equity (%) 2.14% 1.47% 0.67%

Change of 30 June

30 June 2025 31 December 2024 2025 over 31

December 2024

Total assets (RMB) 5495820689.71 5381900903.82 2.12%

Equity attributable to the listed company’s

shareholders (RMB) 3498363449.68 3362683464.32 4.03%

3. Share Capital and Shareholders' Information

Unit: share

Total number of preferred

shareholders with restored

Number of ordinary shareholders 49433 voting rights at the end of the 0

reporting period (if

applicable)

Equity holdings of the top 10 shareholders (excluding shares lent through securities lending)

Number of Restricted

Name of Nature of Shareholding Total shares held at shares shares held

shareholder shareholder percentage the period-end subject totrading Status Shar

restrictions es

Changzhou

Investment Group State-ownedlegal person 32.26% 227663417Co. Ltd

Domestic

Chen Jian natural 0.71% 4995800

person 0 N/A 0

Domestic

Dai Xuerong natural 0.56% 3918000

person

KGI ASIA Foreign

LIMITED legal person 0.44% 3100195

22025 Semi-Annual Report Summary of Changchai Company Limited

Bank of China

Limited -

Huashang

Selective Return Others 0.42% 2954200

Mixed Securities

Investment Fund

BARCLAYS Foreign

BANK PLC legal person 0.41% 2883501

Domestic

Cao Yifan natural 0.32% 2249100

person

China Minsheng

Banking Corp.Ltd. - Jinyuan

Shun'an Yuanqi

Flexible Others 0.28% 1950000

Allocation Mixed

Securities

Investment Fund

Domestic

Wang Defu natural 0.23% 1638800

person

Domestic

Li Suinan natural 0.23% 1602000

person

Disclosure of connected The Company is unaware of any connected relationships or whether the top

relationships or concerted actions 10 tradable shareholders and top 10 unrestricted tradable shareholders

among the aforementioned constitute concerted parties as defined by the "Shareholding Change

shareholders Information Management Measures".Explanation regarding

shareholders participating in Shareholders Chen Jian and Wang Defu hold 4995800 shares and

margin trading (if applicable) 1638800 shares respectively through margin trading accounts.Shareholding Status of Major Shareholders (Holding >5% Shares) Top 10 Shareholders and Top 10

Unrestricted Tradable Shareholders Regarding Securities Lending Business

? Applicable ? Not Applicable

Changes in Top 10 Shareholders and Top 10 Unrestricted Tradable Shareholders Due to Securities Lending

(Borrowing/Returning Shares) Compared to the Previous Period

? Applicable ? Not Applicable

4. Changes in Controlling Shareholder or Actual Controller

Changes in Controlling Shareholder During the Reporting Period

? Applicable ? Not Applicable

No change occurred during the reporting period.Actual Controller During the Reporting Period

? Applicable ? Not Applicable

32025 Semi-Annual Report Summary of Changchai Company Limited

No change occurred during the reporting period.

5. Total Number of Preferred Shareholders & Shareholding Details of Top 10 Preferred Shareholders

? Applicable ? Not Applicable

The Company had no preferred shareholders during the reporting period.

6. Bond Information Outstanding as of the Semi-Annual Report Approval Date

? Applicable ? Not Applicable

III. Significant Events

1. Expropriation and Compensation for the Company's Foundry Plant

On March 6 2025 the Company received the Expropriation Decision for State-Owned Land and Buildings

(Chang Xin Zheng [2025] No. 1) issued by the People's Government of Xinbei District Changzhou. Due to

public interest requirements for urban redevelopment the government decided to expropriate buildings within

the scope of the Sanjing Subdistrict Foundry Plant and surrounding area urban renewal project (Phase I).On May 8 2025 the Company convened the Second Interim Board Meeting and Second Interim

Supervisory Committee Meeting of 2025 approving the Proposal on Signing the Expropriation Compensation

Agreement for Non-Residential Buildings in Xinbei District Changzhou. The matter was further approved at

the First Interim Shareholders’ Meeting of 2025 on May 26 2025 authorizing the Company to sign a

compensation agreement with the Xinbei District Housing and Urban-Rural Development Bureau and Sanjing

Subdistrict with a total compensation amount of RMB 346.8569 million. The final signing of the expropriation

agreement is pending completion of approval procedures by the Xinbei District Housing and Urban-Rural

Development Bureau and the Sanjing Subdistrict Expropriation and Compensation Service Center.

2. Expropriation and Compensation for Part of the Company’s Headquarters (Street-Facing Shops)

On February 26 2025 the Company received the Announcement on the Expropriation Compensation Plan

for the West Hengjie Station Project of Changzhou Metro Line 5 issued by the People's Government of

Zhonglou District Changzhou. Due to public interest needs the government proposed expropriating part of the

buildings at No. 123 Huaide Middle Road (i.e. the Company’s street-facing shops at its headquarters).On July 21 2025 the Company convened the Fourth Interim Board Meeting and Third Interim

Supervisory Committee Meeting of 2025 approving the Proposal on Signing the Expropriation Compensation

Agreement for State-Owned Land and Buildings for the Headquarters’ Street-Facing Shops. The matter was

further approved at the Second Interim Shareholders’ Meeting of 2025 on August 6 2025 authorizing the

Company to sign a compensation agreement with the Zhonglou District Housing and Urban-Rural Development

Bureau with a total compensation amount of RMB 48.7877 million.

3. Merger of Changchai Robin with Horizon Agricultural Equipment

On November 22 2024 the Company convened the Fifth Interim Board Meeting of 2024 approving the

Proposal on the Merger of Changzhou Changchai Horizon Agricultural Equipment Co. Ltd. and Changzhou

Fuji Changchai Robin Gasoline Engine Co. Ltd. The Board agreed that the wholly-owned subsidiary

Changzhou Fuji Changchai Robin Gasoline Engine Co. Ltd. ("Changchai Robin") would absorb and succeed

all assets liabilities business operations and other rights and obligations of the wholly-owned subsidiary

42025 Semi-Annual Report Summary of Changchai Company Limited

Changzhou Changchai Horizon Agricultural Equipment Co. Ltd. ("Horizon Agricultural Equipment") through

a statutory merger.Following the merger Changchai Robin continues normal operations while Horizon Agricultural

Equipment’s legal entity status was deregistered. In February 2025 the Company received the Registration

Notice (No. Deng Zi [2025] 02270081) issued by the Administrative Service Office of Changzhou High-Tech

Industrial Development Zone (Xinbei District) confirming the deregistration of Horizon Agricultural

Equipment and the completion of the merger.

4. Merger of Changniu Company with Changchai Benniu

On June 9 2025 the Company convened the Third Interim Board Meeting of 2025 approving the

Proposal on the Merger of Changzhou Changchai Benniu Diesel Engine Parts Co. Ltd. and Changzhou

Changniu Machinery Co. Ltd. The Board agreed that Changzhou Changniu Machinery Co. Ltd. ("Changniu

Company") would absorb and succeed all assets liabilities business operations and other rights and obligations

of Changzhou Changchai Benniu Diesel Engine Parts Co. Ltd. ("Changchai Benniu") through a statutory

merger while retaining Changchai Benniu’s registered capital equity structure and governance framework.Following the merger Changniu Company continues normal operations while Changchai Benniu’s legal

entity status will be deregistered.

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