Lu Thai Textile Co. Ltd. Annual Report 2024 (Summary) Stock Code: 000726 200726 Stock Name: LTTC LTTC-B Announcement No. 2025-011 Bond Code: 127016 Bond Name: LTTC Convertible Bonds LU THAI TEXTILE CO. LTD.ANNUAL REPORT 2024 (SUMMARY) Part I Important Notes This Summary is based on the full Annual Report of Lu Thai Textile Co. Ltd. (together with its consolidated subsidiaries the “Company” except where the context otherwise requires). In order for a full understanding of the Company’s operating results financial position and future development plans investors should carefully read the aforesaid full text which has been disclosed together with this Summary on the media designated by the China Securities Regulatory Commission (the “CSRC”).All the Company’s directors have attended the Board meeting for the review of this Report and its summary.Independent auditor’s modified opinion: □ Applicable □ Not applicable Board-approved final cash and/or stock dividend plan for ordinary shareholders for the Reporting Period: □ Applicable □ Not applicable Bonus issue from capital reserves: □ Yes □ No The Board has approved a final dividend plan as follows: based on the share capital of 817306010 shares a cash dividend of RMB1.00(tax inclusive) per 10 shares is to be distributed to the shareholders with no bonus issue from either profit or capital reserves.Board-approved final cash and/or stock dividend plan for preferred shareholders for the Reporting Period: □ Applicable □ Not applicable Part II Key Corporate Information 1. Stock Profile 000726 Stock name LTTC-A LTTC-B Stock code 200726 Stock exchange for stock listing Shenzhen Stock Exchange Previous stock name (if any) None Contact information Board Secretary Securities Representative Name Zheng Weiyin Li Kun 81 Songling East Road Zichuan 81 Songling East Road Zichuan Address District Zibo City Shandong District Zibo City Shandong Province P.R.China Province P.R.China Fax 0533-5418805 0533-5418805 Tel. 0533-5285166 0533-5285166 Email address wyzheng@lttc.com.cn likun@lttc.com.cn 1Lu Thai Textile Co. Ltd. Annual Report 2024 (Summary) 2. Principal Activities or Products in the Reporting PeriodLu Thai has always adhered to its mission of “clothing the world and weaving our way to every corner of the globe greenintelligence manufacturing and improving lives” as well as to its values of “customer first striving for progress pursuing excellenceand integrity for win-win outcome”. It has gradually become a textile and garment enterprise group with comprehensive and vertical production capacities integrating spinning bleaching and dyeing weaving afterfinish and clothing manufacture. Lu Thai produces and sells middle and high-grade yarn-dyed fabric dyeing fabric functional fabric and knitted fabric for shirts as well as garment. It claimed its fame for its comprehensive management R&D ability advanced technology stable quality and international operations.Moreover it also attaches great importance to improving the added value of its products explore the emerging market and renew its service philosophy. Lu Thai has become the world’s largest high-grade yarn dyed fabric producer and a world-class premium shirt provider. It had paved its development pattern featured in going green low-carbon growth science and technology and humanism.Over 60% of Lu Thai’s products are exported to over 60 countries and regions. Moreover the Company has established strategic partnership with renowned brand owners at home and abroad. 3. Key Financial Information (1) Key Financial Information of the Past Three Years Indicate by tick mark whether there is any retrospectively restated datum in the table below.□ Yes □ No Unit: RMB Change of 31 December 2024 31 December 2024 31 December 2023 over 31 31 December 2022 December 2023 (%) Total assets 13929715649.21 13430286222.94 3.72% 13351097602.03 Equity attributable to the listed 9438728389.289230806905.802.25%9014156872.71 company’s shareholders 2024-over-2023 202420232022 change (%) Operating revenue 6090615025.20 5961477252.98 2.17% 6938342135.90 Net profit attributable to the listed 410321398.17403444254.421.70%963864819.43 company’s shareholders Net profit attributable to the listed company’s shareholders before 482338741.63 386135437.00 24.91% 795473953.21 exceptional gains and losses Net cash generated from/used in 1244212151.94854864537.4245.54%1422310774.26 operating activities Basic earnings per share 0.500.476.38%1.10 (RMB/share) Diluted earnings per share 0.470.4211.90%0.95 (RMB/share) Weighted average return on 4.39%4.40%-0.01%11.31% equity (%) (2) Key Financial Information by Quarter Unit: RMB Q1 Q2 Q3 Q4 Operating revenue 1382655063.47 1447833622.14 1570583102.90 1689543236.69 Net profit attributable to the 68241726.33101318243.21118293394.86122468033.77 listed company’s shareholders Net profit attributable to the listed company’s shareholders 122504699.15141226585.4087100142.55131507314.53 before exceptional gains and losses 2Lu Thai Textile Co. Ltd. Annual Report 2024 (Summary) Net cash generated from/used in 93395090.36358026562.33309665213.19483125286.06 operating activities Indicate by tick mark whether any of the quarterly financial data in the table above or their summations differs materially from what have been disclosed in the Company’s quarterly or interim reports.□ Yes □ No 4. Share Capital and Shareholder Information at the Period-End (1) Numbers of Ordinary Shareholders and Preferred Shareholders with Resumed Voting Rights as well as Holdings of Top 10 Shareholders Unit: share Number of Number of Number of preferred preferred ordinary shareholders shareholders shareholders at with resumed Number of ordinary 472 with 47043 the month-end 0 voting rights at 0 shareholders at the period-end 19 resumed prior to the the month-end voting rights disclosure of prior to the at the this Report disclosure of this period-end Report Top 10 shareholders (exclusive of shares lent in refinancing) Shares in pledge Nature of Shareholding Total shares held at Restricted Name of shareholder marked or frozen shareholder percentage the period-end shares held Status Shares Domestic Zibo Lucheng Textile non-state- 17.17% 140353583 0 N/A 0 Investment Co. Ltd. owned legal person Tailun (Thailand) Textile Co. Foreign legal 14.10% 115232400 0 N/A 0 Ltd. person Central Huijin Asset State-owned 2.43% 19884100 0 N/A 0 Management Ltd. legal person National Social Security Fund Other 1.82% 14910051 0 N/A 0 Portfolio 413 ICBC Credit Suisse Innovation Power Stock Type Securities Other 1.47% 12000000 0 N/A 0 Investment Fund Dongfanghong Zhihua Three- Year Holding Mixed Securities Other 0.81% 6600000 0 N/A 0 Investment Fund FEDERATED HERMES GLOBAL INVESTMENT FD (CAYMAN) MASTER SPC Foreign legal 0.78% 6334711 0 N/A 0 OBOAFTAO FEDERATED person HERMES EMG ASIA EQUITY FD MASTER S.P.Dongfanghong JD Big Data Flexible Allocation Mixed Other 0.72% 5889382 0 N/A 0 Securities Investment Fund Dongfanghong New Power Flexible Allocation Mixed Other 0.60% 4893800 0 N/A 0 Securities Investment Fund Domestic Chen Aiting 0.57% 4631466 0 N/A 0 natural person Zibo Lucheng Textile Investment Co. Ltd. is the largest shareholder and the actual controller of the Company. Tailun (Thailand) Textile Co. Ltd. is the Related or acting-in-concert parties among the second largest shareholder and the foreign sponsor of the Company. All the shareholders above other shareholders are holding tradable A-shares or B-shares. And it is unknown whether there is any related party or acting-in-concert party among them.Shareholders involved in securities margin Naught trading (if any) Participation of shareholders with a shareholding bigger than 5% the top ten shareholders and the top ten shareholders of non- restricted tradable shares in the lending of shares through refinancing 3Lu Thai Textile Co. Ltd. Annual Report 2024 (Summary) □ Applicable □ Not applicable Changes in the top ten shareholders and the top ten shareholders of non-restricted tradable shares from the previous Period due to lending/return through refinancing □ Applicable □ Not applicable (2) Number of Preferred Shareholders and Shareholdings of Top 10 of Them □ Applicable □ Not applicable No preferred shareholders in the Reporting Period. (3) Ownership and Control Relations between the Actual Controller and the Company Liu Zibin Liu Deming Zibo Lucheng Textile Investment Co. Ltd.Lu Thai Textile Co. Ltd. 5. Outstanding Bonds at the Date when this Report Was Authorized for Issue □Applicable □ Not applicable (1) Bond Profile Bond Balance Coupon Bond name Abbr. Date of issue Maturity code (RMB’0000) rate Convertible Corporate LTTC Bonds of Lu Thai Convertible 127016 9 April 2020 8 April 2026 139984.47 Textile Co. Ltd. Bonds 1. For LTTC Convertible Bonds the coupon rates are: 0.3% for the first year 0.6% for the second year 1.0% for the third year 1.5% for the fourth year 1.8% for the fifth Redemption and interest payments year and 2.0% for the sixth year.during the Reporting Period 2. On 9 April 2024 the Company paid the interest for the fourth year according to thepar value of the bonds i.e. interest of RMB15.00 (tax inclusive) for every 10 “LTTCConvertible Bonds” (par value: RMB1000). (2) Latest Follow-up Ratings and Rating Changes of the Bonds The credit rating of the Company's convertible bonds for the Reporting Period is AA+ which has not changed compared with that of the same period of last year. (3) Key Financial Information of the Company for the Past Two Years Unit: RMB’0000 Item 2024 2023 Change Debt/asset ratio 29.49% 28.39% 1.10% Net profit before exceptional 48233.8738613.5424.91% gains and losses EBITDA/debt ratio 39.11% 41.97% -2.86% Interest coverage (times) 5.55 5.29 4.91% Part III Significant Events The Proposal on Repurchase of Domestically Listed Foreign Shares (B-Stock) was approved at the 10th Meeting of the 10th Board 4Lu Thai Textile Co. Ltd. Annual Report 2024 (Summary) of Directors and the First Extraordinary General Meeting of 2023. As such an amount of no more than RMB200 million would be used to repurchase shares with a price limit of HKD4.80 per share within 12 months from the date when the share repurchase plan was approved at the general meeting. On 21 August 2023 the Company first implemented a repurchase plan. As at 21 February 2024 the repurchase of the Company's B-shares listed domestically had been completed with a total of 46176428 shares repurchased accounting for 5.35% of the total share capital. The highest repurchase price was HKD4.80 per share and the lowest was HKD4.53 per share. The total payment amounted to HKD218386229.84 (including commissions etc.).On 1 March 2024 the repurchased B-shares were cancelled and the procedure was completed with China Securities Depository and Clearing Corporation Limited Shenzhen Branch. For details see the relevant announcement (No.: 2024-015) disclosed on 2 March 2024 on www.cninfo.com.cn. Chairman of the Board: Liu Zibin Lu Thai Textile Co. Ltd. 10 April 2025 5