Stock code: 300450 Stock name: LEAD INTELLIGENT Statement number: 2025-018

Wuxi Lead Intelligent Equipment Co. Ltd.2024 Annual Report Summary

SECTION I IMPORTANT NOTICE

This summary of the annual report is from the full text of the annual report. To fully understand the business performance

financial condition and future development planning of the Company investors should read the full text of the annual

report for details.All members of the board of directors have attended the Board meeting to review this report.The audit opinion of Baker Tilly China Certified Public Accountants to the Company is: umodified opinion

Change of accounting firm during this reporting period: The Company's accounting firm for this year is still Baker Tilly China

Certified Public Accountants.Non-standard audit opinion reminder

□Applicable□ Not Applicable

The company was not profitable at the time of its listing and is currently still not profitable.□Applicable□ Not Applicable

Profit distribution plan or plan for converting capital reserve to share capital for the reporting period reviewed by the

board of directors

□Applicable □Not Applicable

The profit distribution plan approved by the board of directors this time is as follows: based on total share capital of

1554889537 a cash dividend of 0.56 RMB (including tax) will be distributed to all shareholders for every 10 shares with 0

bonus shares (including tax) given and 0 additional shares will be issued to all shareholders for every 10 shares using capital

reserves.The profit distribution plan for preferred shares approved by the board of directors during this reporting period

□ApplicableNot Applicable

SECTION II COMPANY PROFILE

1. Company Profile

Stock name LEAD INTELLIGENT Stock code 300450

Stock exchange Shenzhen Stock Exchange

Contact person and means of contact Secretary of the Board Securities affairs representative

Name Yao Yao Zhu Qi

No. 18 Xinzhou Rd. Xinwu District No. 18 Xinzhou Rd. Xinwu District

Office address

Wuxi Jiangsu Province Wuxi Jiangsu Province

Fax 0510-81163648 0510-81163648

Telephone 0510-81163600 0510-81163600

Email lead@leadintelligent.com lead@leadintelligent.com

2. Main Business/Products of the Company during the Reporting Period

(1) Main business and products

The Company specializes in the R&D manufacture and sales of high-end non-standard intelligent equipment. It focuses on

"new energy + high-end equipment" and is a world-leading provider of new energy intelligent manufacturing solutions. The

1 / 13Stock code: 300450 Stock name: LEAD INTELLIGENT Statement number: 2025-018

Company covers lithium battery intelligent equipment photovoltaic intelligent equipment 3C intelligent equipment intelligent

logistics automobile intelligent production line hydrogen energy equipment laser precision processing equipment etc. and is

able to provide customers with smart factory turnkey solutions integrating production and service.

1. Lithium-ion battery intelligent equipment: Offers lithium battery manufacturing equipment and whole line solutions.

The main products include: new slurry mixing system dry electrode processing system coating machine calendaring (and slitting)

machine notching machine winding machine stacking machine (including cutting and stacking machine heat lamination stacking

machine) cell assembly line formation and grading system magnetron sputtering coating machine electrolyte membrane forming

machine anode lithiation machine densification machine etc. LEAD's whole-line intelligent manufacturing solutions cover

various types of batteries including cylindrical prismatic pouch solid-state and sodium-ion batteries and apply to the batteries

of electrical vehicles energy storage and consumer electronics. Furthermore LEAD's independently developed LEADACE

intelligent manufacturing platform with equipment predictive maintenance and product quality improvement at its core helps

creating intelligent factories for customers.

2. Photovoltaic intelligent equipment: Provides photovoltaic module and photovoltaic cell manufacturing equipment and

whole-line solutions. LEAD's photovoltaic module intelligent equipment includes BC/0BB/SMBB stringer cutting stringer

shingling welding machine busbar welding machine IBC stringer and module production line solution etc. The photovoltaic cell

intelligent equipment includes screen printing machine sintering machine inspection and sorting machine texturing/alkaline

polishing/cleaning/BSG removal/PSG removal wet process machine as well as whole-line solutions for TOPCon HJT XBC

perovskite and other photovoltaic cells.

3. 3C intelligent equipment: The subsidiary LeadTech provides a series of 3C production intelligent equipment featuring

self-developed 3D+AI vision algorithm (HySmart) precision fluid technology (HyFluid) and integrated test platform (HyTest). Its

equipment include machines for vision measurement AI defect detection five-axis high-speed dispensing high volume sealing

camera test electrical test reliability test and 3D assembly. The main applications cover the three major areas of consumer

electronics (MR TWS watch smartphone digital stylus tablets etc.) intelligent vehicles (Pack & CTP intelligent electric

vehicle intelligent cabin intelligent driving etc.) and digital energy (container energy storage system ultra-fast charging station

etc.).

4. Intelligent logistics system: The subsidiary Lead Logistics focuses on "flexible manufacturing" and "smartmanufacturing”. It helps customers to solve problems of warehousing and production logistics management improve the

efficiency of logistics storage and transfer and achieve digital operation. The company offers one-stop integrated logistics

solutions from consulting design planning manufacturing installation commissioning and upgrading. (1) Intelligent

warehousing solutions include: stacker cranes conveyors shuttles/AGVs robots etc.; (2) Production logistics solutions include:

2 / 13Stock code: 300450 Stock name: LEAD INTELLIGENT Statement number: 2025-018

flexible conveyor system palletizing and sorting machine intelligent handling machine etc.; (3) Distribution center solutions

include: packing and unpacking robot automatic unpacking machine high-speed sorting machine etc.; (4) Digital software

solutions include: logistics middle interface system (LMIS) flexible manufacturing system (FMS) warehouse management

system (WMS) warehouse control system (WCS) and AGV control system (ACS).

5. Automotive smart production line: Focuses on the five areas of Pack & CTP intelligent electric vehicles intelligent

cabins bodywork system and intelligent driving and provides customers with comprehensive solutions for fluid testing and

automated assembly of related components.

6 Hydrogen energy equipment: The subsidiary LHI provides comprehensive solutions for the whole hydrogen energy

industry chain including fuel cell production machine PEM/AEM/ALK electrolyzer production machine hydrogen testing

machine and perovskite solar cell production machine. The core product lines include PEM and GDL production line precision

slot die coating machine for multiple substrates MEA processing line stack assembly line and IDC hydrogen testing products.

7. Laser precision processing equipment: The subsidiary LeadLaser is committed to high-precision numerical control

system and offers fine micro-processing measurement and automation solutions for semiconductor consumer electronics and

new display industries. (1) Semiconductor groups: Provides semiconductor FE-BE stealth dicing marking cutting and special

applications such as 3D TSV/TGV; (2) Consumer electronics: It offers a comprehensive solution in the traditional PCB/FPC and

3C fields; (3) New display: It applies innovative laser solutions to LCD/OLED/Micro LED.

(2) Basic industry condition

The Company specializes in the R&D manufacture and sales of high-end non-standard intelligent equipment. It engages in

the Intelligent Equipment Manufacturing Industry mainly involving lithium-ion battery intelligent equipment photovoltaic

intelligent equipment 3C equipment automobile automation production line hydrogen energy equipment etc. According to the

"Guidelines for Industry Classification of Listed Companies" issued by the China Securities Regulatory Commission (CSRC) in

October 2012 the company falls into the "C35 Special Equipment Manufacturing Industry."

(3) Industry status quo and future trends

1. Lithium-ion battery equipment industry

The lithium-ion battery includes EV energy storage and digital types and the lithium-ion battery equipment industry

provides specialized equipment to downstream battery manufacturers.EV battery: 2024 witnessed the growth of the global new energy demand and industry size. However due to the short-term

mismatch between supply and demand the production expansion of Chinese EV battery manufacturers was affected to varying

degrees and the demand for and acceptance of EV battery equipment were under pressure. In May 2024 the Ministry of Industry

and Information Technology solicited public opinions on the "Specifications of the Lithium-ion Battery Manufacturing Industry

3 / 13Stock code: 300450 Stock name: LEAD INTELLIGENT Statement number: 2025-018

(2024 Edition)" intending to guide lithium-ion battery companies to reduce manufacturing projects that simply expand production

capacity strengthen technological innovation improve product quality and reduce production costs. Since the second half of 2024

with the gradual resumption of production expansion plans by leading lithium-ion battery manufacturers the demand for EV

battery equipment gradually recovered. According to the statistics from Frost & Sullivan the global market of Li-ion battery smart

equipment rebounded to 33.3 RMB billion in the second half of 2024 a growth of 28.0% compared to the first half.In terms of overseas markets according to EV Tank the global total sales of new energy vehicles in 2024 reached 18236000

vehicles a year-on-year increase of 24.4%; the global EV battery shipments reached 1051.2 GWh a year-on-year growth of

21.5%. Among them China’s EV battery export stood at 133.7 GWh up by 5.0% year on year according to the China

Automotive Power Battery Industry Innovation Alliance. In the medium to long term the overseas battery market still offers vast

demand. Top Chinese battery companies are accelerating their overseas expansion and current overseas expansion projects have

entered a substantial phase. Chinese equipment manufacturers with global competitiveness have great potential for growth in the

overseas market.In addition the lithium-ion battery demonstrates a new technological trend featuring the application of various battery types.The solid-state battery possesses two significant advantages high energy density and great safety making it the preferred power

source for high-end new energy vehicle models and low-altitude eVTOLs. With the development of artificial intelligence

aerospace and other fields solid-state batteries will have more application scenarios. According to securities firm research reports

it is predicted that the demand for pilot line equipment of solid-state batteries will significantly increase from 2025 to 2026 and

mass production of solid-state batteries will begin in 2027. Besides the tabless cylindrical battery with its excellent charging and

discharging rate and cycling performance is expected to penetrate emerging markets such as eVTOL and robots. According to

research reports 2025 is expected to see a significant increase in the tabless cylindrical battery production. Moreover due to its

resource abundance and rather high safety the sodium-ion battery has attracted huge investments and research resources. It shows

market potential for application in micro-cars motorcycles car jump starters PHEVs and commercial vehicles. According to

statistics from the research agency SPIR global sodium-ion battery shipments reached 3.6 GWh in 2024 a year-on-year growth of

260%.

Energy storage battery: In the context of carbon neutrality promoting an energy revolution and building a new power

system based on new energy have become a global consensus. As a crucial means to enhance the stability of the power grid new

energy storage is at the core of achieving dynamic balance between power supply and demand. In recent years China has

successively introduced multiple policies to promote the development of the new energy storage industry such as the "Guidelines

on Accelerating the Development of New Energy Storage" and the "Implementation of New Energy Storage Development in the

14th Five-Year Plan Period" which clearly define the goals and tasks of new energy storage development. Local authorities have

4 / 13Stock code: 300450 Stock name: LEAD INTELLIGENT Statement number: 2025-018

also introduced local policies to specify the construction of energy storage projects. Meanwhile with the continuous increase in

energy storage demand from power generation power grid and end users the industrialization process of new energy storage

technologies is accelerating comprehensively. According to the National Energy Administration and the China Energy Storage

Alliance the newly installed capacity of new energy storage in 2024 was approximately 101GWh. The accumulated installed

capacity of new energy storage projects nationwide that have been completed and put into operation has reached 168GWh

representing a growth of over 130% compared to the end of 2023. The growth of the energy storage market has driven the increase

in the shipment of energy storage batteries. According to the China Energy Storage Battery Industry White Paper (2025) the

global energy-storage lithium-ion battery shipments reached 369.8GWh in 2024 a year-on-year increase of 64.9%.Consumer electronics battery: With expanding consumer electronics market more diverse application scenarios and

increasing consumer number China’s consumer electronics lithium-ion battery industry is improving. On one hand the lithium-

ion battery has a relatively stable market size in the traditional consumer electronics sectors such as laptops and smartphones. On

the other hand it will have more opportunities in the emerging electronics sector as wearable devices drones Bluetooth speakers

AR/VR devices AIPC MR devices and other new electronic products show rapid development. Major manufacturers are also

actively developing new electronic products with the rise of AI expecting to lead a new cycle of product innovation in the

consumer electronics industry and further stimulate consumer end demand. According to SPIR the global shipment of consumer

electronics batteries in 2024 reached 66.9Wh with a year-on-year growth of 6.9%. It is projected that the consumer electronics

industry will continue to maintain a slight and steady growth in 2025 driving the global electronics battery shipments to surpass

70GWh a year-on-year increase of 5.8%.

2. Photovoltaic equipment industry

The photovoltaic equipment industry provides machines for the production of photovoltaic cells and modules.According to the data from the National Energy Administration China’s installed capacity of PV power in 2024 was 278GW

up by 28% from the previous year showing a slight slowdown in the growth rate. The Ministry of Industry and Information

Technology solicited public opinions on the "Specifications of the Photovoltaic Manufacturing Industry (2024 Edition)." The

China Photovoltaic Industry Association also encouraged mergers and reorganizations facilitated market exit mechanisms and

strengthened efforts to crack down on selling below cost and vicious competition. A series of policy measures released by the

national and local governments are expected to optimize the development environment of the photovoltaic manufacturing industry

and promote its healthy and orderly development.

3. 3C equipment industry

The 3C equipment industry provides machines of visual measurement AI defect detection precision fluid 3D assembly and

imaging testing for the consumer electronics smart automobile and digital energy industries.

5 / 13Stock code: 300450 Stock name: LEAD INTELLIGENT Statement number: 2025-018

Consumer electronics: In 2024 the consumer electronics industry showed a certain recovery driving the upstream and

downstream of the industrial chain to improve. According to the data from Canalys and Techlnsights the global smartphone

shipments reached 1.22 billion units in 2024 with a year-on-year growth of 7%. The global laptop shipments reached 203.7

million units a year-on-year growth of 5%. Furthermore emerging electronic sectors such as wearable devices consumer drones

Bluetooth speakers and AR/VR devices continue to demonstrate rapid development trends. With the rise of AI major electronics

manufacturers are also actively exploring new opportunities to integrate with large-scale AI models expecting to lead a new cycle

of product innovation in consumer electronics and thereby stimulating further growth in consumer demand. According to the data

from Wellsenn the global sales of AI smart glasses reached 1.52 million pairs in 2024 and are expected to grow to 3.5 million

pairs in 2025 up by 230% year on year.Smart automobile: In recent years as China continues to introduce policies to support the commercialization of autonomous

driving the intelligent automobile industry has been developing at a faster pace. In January 2024 the Ministry of Industry and

Information Technology the Ministry of Public Security the Ministry of Natural Resources the Ministry of Housing and Urban-

Rural Development and the Ministry of Transport jointly issued the "Notice on Carrying out Pilot Work on the Application of

Vehicle-Road-Cloud Integration of Intelligent Connected Vehicles" promoting the large-scale industrial application of ICVs. On

July 1 2024 the Ministry of Industry and Information Technology the Ministry of Public Security and three other ministries

identified the first batch of 20 cities as pilot cities for the vehicle-road-cloud integration application. With the orderly

implementation of the pilot work it will promote the functions and performance of ICVs as well as the iteration of the industry

ecosystem thus promoting the high-quality development of China's ICV industry.Digital energy: Digital energy represents the deep integration of Internet of Things technology and the energy industry. It

enables the physical world to connect with the digital world through the IoT access of energy facilities. With the support of big

data and AI it enables the interaction between information flow and energy flow. This enables the breakthrough of energy

categories and boundaries amplifies the efficiency of facilities and optimizes category coordination. It is an effective approach to

support the construction of modern energy systems. According to the report In-depth Analysis and Development Prospects of

China's Digital Energy Industry from 2024 to 2029 published by the ChinaIRN the digitalization market of the global energy

sector is projected to grow to 64 billion USD by 2025. The digital technologies involved include big data machine learning AI

cloud computing block chain and more.

4. Automotive production line automation equipment industry

The automotive production line automation equipment industry provides dedicated machines for cell module assembly lines

PACK lines and electric drive production lines.

6 / 13Stock code: 300450 Stock name: LEAD INTELLIGENT Statement number: 2025-018

The automotive industry has a relatively high level of automation and improves assembly quality and shortens the production

cycle through modular production. In the past when the new energy vehicle industry was still at the growth stage the automation

level in the production and manufacturing of battery modules PACK and electric drives was relatively low. However since 2020

the new energy vehicle industry at home and abroad has accelerated. Global leading car makers such as Volkswagen BMW and

Daimler have expedited their transition to electrification and the industry scale has rapidly expanded. This has posed higher

requirements for the automation level of the entire production line. The automotive industry is building a new modular production

platform based on key links such as new energy powertrains (batteries and electric drives). In particular there is a growing

demand for smarter and more automated solutions in battery module production lines PACK production lines electric drive

production lines and equipment upgrading of existing production lines.

5. Hydrogen energy equipment industry

The hydrogen energy equipment industry provides specialized machines for the production of fuel cells electrolyzers and

hydrogen testing.Hydrogen energy clean and efficient has a growing value for decarbonization in hard-to-abate sectors and has attracted

unprecedented attention to its role in promoting renewable energy consumption and ensuring energy security. In 2024 hydrogen

energy policies continued to be strengthened driving green transition and energy revolution. As of December 25 2024 Hydrogen

World a hydrogen energy industry data platform has collected a total of 556 hydrogen energy policies released by local

governments an increase of 105 policies compared to 2023 these policies cover multiple areas including development planning

financial support and project support. As for the production side renewable hydrogen continues to advance and the scale of

hydrogen production projects are expanding as of December 25 2024 Hydrogen World has included 89 renewable energy

hydrogen projects in total an increase of 30 compared to 2023 with a total capacity of 1145.4 MW. Regarding hydrogen

refueling stations as of December 25 2024 Hydrogen World has recorded a total of 540 stations that have been built and put into

operation an increase of 66 compared to the end of 2023.

(4) Company status in the industry

LEAD contributed to the global energy transition with the power of intelligent manufacturing in 2024. According to Frost &

Sullivan LEAD is the world's largest provider of new energy intelligent equipment and solutions in terms of the 2024 order value

with a market share of 9.1% an increase of 3.3 percentage points from 2023. Among them its intelligent equipment for Li-ion

battery accounted for 22.4% of the global market share and 34.1% of the Chinese market. Its Li-ion battery smart logistics

equipment was 23.8% of the global market. In addition LEAD ranked first among global photovoltaic intelligent equipment

providers in terms of shipment volume of XBC ultra-high speed stringer for photovoltaic module manufacturing. LEAD's self-

7 / 13Stock code: 300450 Stock name: LEAD INTELLIGENT Statement number: 2025-018

developed MEAR2R assembly line Generation 4 can be used for fuel cell and electrolyzer membrane manufacturing effectively

promoting the industrialization of hydrogen energy and fuel cells.

3. MajorAccounting Data and Financial Indicators

(1) Major accounting data and financial indicators in the past three years

Does the Company need to retrospectively adjust or restate accounting data of previous years

□YesNo

Unit: RMB

Increase or

decrease over

At the end of 2024 At the end of 2023 At the end of 2023

that of the

previous year

Total assets 36182558952.99 35293330312.84 2.52% 32977103065.35

Net assets attributable to stockholders of the

11597531383.3711848337372.87-2.12%11125213190.76

Company

Increase or

decrease over

202420232022

that of the

previous year

Operating income 11855098145.55 16628361009.42 -28.71% 13932352081.34

Net profit attributable to stockholders of the

286100791.801774565501.49-83.88%2318133360.87

Company

Net profit attributable to stockholders of the

Company after deducting nonrecurring profit or 360244971.24 1724509317.18 -79.11% 2256392871.30

loss

Net cash flow from the operating activities -1567132795.63 -862790560.80 -81.64% 1691030346.50

Basic earnings per share (RMB/share) 0.1840 1.1311 -83.73% 1.4819

Diluted earnings per share (RMB/share) 0.1839 1.1323 -83.76% 1.4813

ROE 2.44% 15.31% -12.87% 22.55%

(2) Major accounting data by quarters

Unit: RMB

Q1 Q2 Q3 Q4

Operating income 3310928547.41 2441318963.18 3359410584.45 2743440050.51

Net profit attributable to stockholders of the

564502405.41-105250353.12149227232.10-322378492.59

Company

Net profit attributable to stockholders of the

551097245.23-103067303.04140452457.19-228237428.14

Company after deducting nonrecurring profit or loss

-

Net cash flow from the operating activities -710246622.25 -797233080.59 1022150493.68

1081803586.47

Is there any significant difference between the above financial indicators or their aggregates and the financial indicators of the

disclosed quarterly reports and semi-annual reports

□YesNo

8 / 13Stock code: 300450 Stock name: LEAD INTELLIGENT Statement number: 2025-018

4. Share Capital and Information on Shareholders

(1) Total number of holders of ordinary shares total number of holders of preferred shares with restored voting rights and

shareholdings of top 10 shareholders

Unit: share

Total

Total number

Total number of number of

Total number of of holders of

holders of holders

holders of preferred

Total number of preferred shares with

ordinary shares shares with

holders of ordinary with restored shares of

122246 one month prior 112196 restored 0 0 0

shares at the end of voting rights one special

to the annual voting rights

the reporting period month prior to the voting

report disclosure at the end of

annual report rights

date the reporting

disclosure date shares (if

period

any)

Shareholdings of the top 10 shareholders (excluding shares lent through stock pledged repo transaction)

Number of Pledged marked or frozen

Nature of Shareholding

Name of shareholders Number of shares held restricted

shareholders proportion

shares held Share status Number

Domestic

Lhasa Xindao

non-state- Not

Venture Capital Co. 21.46% 336039506.00 0.00 0.00

owned legal applicable

Ltd.person

Shanghai ZhuoAo Domestic

Enterprise non-state- Not

5.88%92041983.000.000.00

Management owned legal applicable

(Limited Partnership) person

Domestic

Contemporary

non-state- Not

Amperex Technology 5.00% 78308051.00 0.00 0.00

owned legal applicable

Co. Ltd.person

Domestic

Wuxi Yuxi non-state- Not

4.43%69414157.000.000.00

Technology Co. Ltd. owned legal applicable

person

Hong Kong

Securities Clearing Overseas Not

2.60%40765035.000.000.00

Company Ltd. legal person applicable

(HKSCC)

Industrial and

Commercial Bank of

China (ICBC) - E

Not

Fund ChiNext Board Others 1.94% 30311898.00 0.00 0.00

applicable

Exchange Traded

Index Securities

Investment Fund

ICBC - Huatai-

Pinebridge CSI 300

Not

Exchange Traded Others 1.21% 18912450.00 0.00 0.00

applicable

Index Securities

Investment Fund

China Construction

Bank Corporation - E Not

Others 0.83% 13053871.00 0.00 0.00

Fund CSI 300 applicable

Exchange Traded

9 / 13Stock code: 300450 Stock name: LEAD INTELLIGENT Statement number: 2025-018

Index Sponsored

Securities Investment

Fund

China Construction

Bank Corporation -

HuaAn ChiNext 50 Not

Others 0.81% 12638317.00 0.00 0.00

Exchange Traded applicable

Index Securities

Investment Fund

Bank of

Communications -

ICBC Credit Suisse

Not

New Energy Vehicle Others 0.61% 9544830.00 0.00 0.00

applicable

Theme Mixed

Securities Investment

Fund

Explanation of associations or Lhasa Xindao Venture Capital Co. Ltd. Shanghai ZhuoAo Enterprise Management (Limited

concerted actions of the above Partnership) and Wuxi Yuxi Technology Co. Ltd. are all controlled by Wang Yanqing the

shareholders actual controller of the Company.The situation of shareholders with more than 5% shares the top 10 shareholders and the top 10 unrestricted circulating

shareholders participating in stock pledged repo transactions by lending their shares

□Applicable □Not Applicable

Unit: share

The situation of shareholders with more than 5% shares the top 10 shareholders and the top 10 unrestricted circulating shareholders

participating in stock pledged repo transactions by lending their shares

Initial ordinary account Ordinary account and credit Lending shares and yet

Initial lending shares

and credit account account shareholding at the not repaid at the end of

Full name of and yet not repaidshareholdings end of the period the period

shareholders

Number of Number Number of Number

Percentage Percentage Percentage Percentage

shares of shares shares of shares

China Construction

Bank Corporation -

E Fund CSI 300

Exchange Traded

24721710.16%5646000.04%130538710.83%00.00%

Index Sponsored

Securities

Investment

Fund

ICBC - Huitianfu

China Securities

New Energy

Vehicle Industry

75080160.48%3399000.02%76678330.49%00.00%

Index Sponsored

Securities

Investment Fund

(LOF)

China Construction

Bank Corporation -

HuaAn ChiNext 50

86388040.55%2932000.02%126383170.81%00.00%

Exchange Traded

Index Securities

Investment Fund

Bank of China -

Huaxia China 7275819 0.46% 94400 0.01% 4446519 0.28% 0 0.00%

Securities New

10 / 13Stock code: 300450 Stock name: LEAD INTELLIGENT Statement number: 2025-018

Energy Vehicle

Exchange Traded

Index Securities

Investment Fund

Industrial and

Commercial Bank

of China (ICBC) -

E Fund ChiNext

146728160.94%747000.00%303118981.94%00.00%

Board Exchange

Traded Index

Securities

Investment Fund

ICBC - Huatai-

Pinebridge CSI 300

Exchange Traded 8172150 0.52% 19500 0.00% 18912450 1.21% 0 0.00%

Index Securities

Investment Fund

There is change in top 10 shareholders and top 10 unrestricted circulating shareholders due to stock pledged repo lending/returning.□ Applicable□ Not Applicable

Does the company have arrangements for voting rights differences

□ Applicable□ Not Applicable

(2) Total number of preferred shareholders and top 10 preferred shareholders of the Company

There is no shareholding of preferred shareholders at the reporting period.

(3) Diagram of the equity and controlling relationship between the Company and the defector controller

11 / 13Stock code: 300450 Stock name: LEAD INTELLIGENT Statement number: 2025-018

5. Corporate Bond

□Applicable□ Not Applicable

SECTION III IMPORTANT EVENTS

1. On February 2 2024 the Company held the first employee representative meeting of the year. Mr. Hua Wei was elected as

the employee supervisor of the Company's 5th Board of Supervisors with a term the same as the 5th Board of Supervisors.

2. On February 19 2024 the Company held the first extraordinary shareholders meeting of the year. Wang Yanqing Wang

Jianxin You Zhiliang and Wang Lei were elected as non-independent directors of the 5th Board of Directors. Zhang Mingyan

Dai Jianjun and Guo Xiasheng were elected as independent directors of the 5th Board of Directors. Bian Fenxiang and Wang

Qingyan were elected as non-employee representative supervisors of the 5th Board of Supervisors with a term of three years from

the date of approval. On the same day the Company held the first meeting of the 5th Board of Directors and the first meeting of

the 5th Board of Supervisors respectively approving resolutions about the election of the Chairman the members of various

committees of the Board of Directors and the chairman of the Board of Supervisors as well as the appointment of senior

management personnel and securities affairs representative.

3. On February 19 2024 the Company held the first extraordinary shareholders meeting of the year approving resolutions

such as "Resolution on the Issuance Plan for Additional Domestic Underlying Shares in Connection with the Company’s Overseas

GDR Offering" and the promotion of GDR offering on the Swiss Stock Exchange.

4. On April 24 2024 the Company held the second meeting of the 5th Board of Directors and the second meeting of the 5th

Board of Supervisors approving the Resolution on the Profit Distribution Plan for 2023. It was also approved at the 2023 annual

general meeting held on May 16 2024. On July 1 2024 the Company completed equity distribution for the year 2023.

5. From October 30 2023 to April 29 2024 Mr. Wang Yanqing increased his shareholding by 5925877 shares through call

auction representing 0.3811% of the total share capital of the Company with a total of 150018062 RMB and an average price of

25.32 RMB/share. During the reporting period Mr. Wang's shareholding increase plan was successfully completed.

6. As of June 11 2024 the Company had repurchased a total of 11273497 shares through call auction via the stock

repurchase special securities account representing 0.7198% of the total share capital of the Company. The highest transaction

price was 36.61 RMB/share and the lowest transaction price was 22.75 RMB/share. The total transaction amount was

350019486.68 RMB (excluding transaction fees). Thus far the Company's share repurchase program was fully implemented and

this repurchase complies with the company's repurchase proposal and relevant laws and regulations.

12 / 13Stock code: 300450 Stock name: LEAD INTELLIGENT Statement number: 2025-018

7. On September 30 2024 the Company held the sixth meeting of the 5th Board of Directors and the fifth meeting of the 5th

Board of Supervisors reviewing and approving the Resolution on the 2024 Restricted Stock Incentive Plan (Draft) and its

Summary. On October 18 the second extraordinary shareholders meeting also approved the resolution. The resolution granted

9110300 shares to 745 incentive recipients at a grant price of 9.25 RMB/share.