The First Quarter Financial Report of 2026 To be a Global Leading Crop Protection Company

Stock code: 301035 Stock abbreviation: Rainbow Agro

Announcement No.: 2026-029

SHANDONG WEIFANG RAINBOW CHEMICAL CO. LTD

The First Quarter Financial Report of 2026

The Company and all members of the Board of Directors warrant that the information disclosed is true

accurate and complete without false records misleading statements or material omissions.

1. Consolidated Balance Sheet

Prepared by: Shandong Weifang Rainbow Chemical Co. Ltd

March 31 2026

Unit: RMB

Item Closing balance Opening balance

Current assets:

Monetary funds 3335827812.36 3545858415.42

Deposit reservation for balance

Lending to banks and other

financial institutions

Financial assets held for trading 11945626.33

Derivative financial assets 2446101.37 4263716.98

Notes receivable 9333926.05 11569561.38

Accounts receivable 5409371397.09 5195696624.20

Receivables financing 3873739.96 477415.21

Pre-payments 141356779.29 100972866.06

Premium receivable

Re-insurance accounts

receivable

Reserves for re-insurance

contract receivable

Other receivables 66810850.88 60549718.50

Including: interest receivable

Dividends receivable

Financial assets purchased

under resale agreement

Inventory 3527796079.13 2653810498.34

Including: Data resources

Contracted assets

1The First Quarter Financial Report of 2026 To be a Global Leading Crop Protection Company

Assets held for sale 9893148.30 9636456.50

Non-current assets that mature

within one year

Other current assets 455827121.95 358606869.13

Total current assets 12974482582.71 11941442141.72

Non-current assets:

Disbursed loans and advances

Debt investments

Other debt investment

Long-term receivables

Long-term equity investment 848599.60 938787.85

Other equity instrument

investment

Other non-current financial

assets

Investment real estate 7008200.34 7263907.46

Fixed assets 2811063077.32 2833607463.75

Construction in progress 335314037.26 251267590.56

Productive biological assets

Oil and gas assets

Assets with rights of use 58383724.88 42571790.44

Intangible assets 375862849.57 346009832.70

Including: Data resources

Development expenditure 398444960.01 406092665.80

Including: Data resources

Goodwill 89560239.36 89560239.36

Long-term deferred expenses 26893185.80 26098818.90

Deferred income tax assets 468227412.01 403051310.07

Other non-current assets 81855332.31 63663107.82

Total non-current assets 4653461618.46 4470125514.71

Total assets 17627944201.17 16411567656.43

Current liabilities:

Short-term loan 2555215722.21 1704533162.11

Borrowings from the central

bank

Borrowing from banks and

financial institutions

Financial liabilities held for

trading

Derivative financial liabilities 84853457.33 43957273.82

Notes payable 3366231376.30 3968470098.87

Accounts payable 2185686553.69 1377868841.20

Advance receipts

Contract liability 65636739.84 51042591.49

2The First Quarter Financial Report of 2026 To be a Global Leading Crop Protection Company

Financial assets sold for

repurchase

Deposits and interbank deposits

received

Amount received from agency

trading of securities

Amount received from agency

underwriting of securities

Payroll payable 235586721.00 316866749.65

Taxes payable 196715754.23 206121355.82

Other payables 67321507.99 82123529.85

Including: Interests payable

Dividends payable

Charges and commissions

payable

Re-insurance accounts payable

Liabilities held for sale

Non-current liabilities due within

one year 185462894.92 218992467.52

Other current liabilities 2667275.00 14798321.16

Total current liabilities 8945378002.51 7984774391.49

Non-current liabilities:

Provision for insurance contracts

Long-term loan 280800000.00 232800000.00

Bonds payable

Including: Preferred shares

Perpetual bonds

Lease liability 49062447.56 38402680.42

Long-term payables

Long-term payroll payable

Accrued liabilities 26555248.00 26945248.00

Deferred income 19759330.86 20317043.46

Deferred income tax liabilities 165083944.53 130779705.66

Other non-current liabilities

Total non-current liabilities 541260970.95 449244677.54

Total liabilities 9486638973.46 8434019069.03

Owner’s equity:

Share capital 280770974.00 280770974.00

Other equity instruments

Including: Preferred shares

Perpetual bonds

Capital reserve 2475219710.25 2470852835.25

Less: Treasury stock 124837079.67 124837079.67

Other comprehensive income -4455146.56 27594464.95

3The First Quarter Financial Report of 2026 To be a Global Leading Crop Protection Company

Special reserve 41068782.60 40641595.53

Surplus reserve 158674657.07 158674657.07

General risk reserve

Undistributed profit 4860688119.72 4695381997.25

Total owners' equity attributed to

parent company 7687130017.41 7549079444.38

Minority shareholder's interest 454175210.30 428469143.02

Total owner's equity 8141305227.71 7977548587.40

Total liabilities and owners equity 17627944201.17 16411567656.43

Legal Representative: Chief Accountant in Charge: Chief of

Accounting Institution:

Wicky Wang Xing Bingpeng

Zhang Baolin

2. Consolidated Income Statement

Unit: RMB

Item Q1 2026 Q1 2025

I. Gross Operating Income 3191190916.59 2686285834.39

Including: Operating income 3191190916.59 2686285834.39

Interest income

Premium earned

Handling charges and

commissions income

II. Total Operating Costs 2882382698.19 2356235096.24

Including: Costs of business 2431958173.42 2168741751.45

Interest expenses

Handling charges and

commission expenses

Surrender value

Net payments for insurance

claims

Net withdrawal of reserve for

insurance responsibility contracts

Expenditures of policy

dividend

Re-insurance expense

Taxes and surcharges 14629880.10 17207374.10

Sales expenses 183659614.79 160867196.07

Management expenses 131284737.32 126256414.43

R&D expenditures 46388919.15 41478564.79

Financial expenses 74461373.41 -158316204.60

Including: Interest expenses 18502987.31 32333644.56

Interest income 12388795.94 11294458.69

Add: Other incomes 1375659.24 1625097.42

4The First Quarter Financial Report of 2026 To be a Global Leading Crop Protection Company

Income from investment ("-"

for loss) -16786798.72 -5365136.60

Including: Income from

investment in associated -90188.25 -152123.99

enterprises and joint ventures

Income recognized

at termination of financial assets

measured at amortized cost

Foreign exchange gain ("-" for

loss)

Net exposure hedging

income ("-" for loss)

Income from changes in fair

value ("-" for loss) -42930805.43 -21881219.08

Credit impairment losses ("-"

for loss) -10889589.30 11213514.50

Asset impairment losses ("-" for

loss) 299115.52 2108700.92

Gains from asset disposal ("-"

for loss) 435542.75 6772.08

III. Operating Profit ("-" for loss) 240311342.46 317758467.39

Add: Non-operating income 1521263.26 2199322.29

Less: Non-operating expenses 1999778.70 2479717.43

IV. Total Profit Before Tax (“-” for

total 239832827.02 317478072.25

losses)

Less: Income tax expenses 47750474.77 42981189.38

V. Net Profit ("-" for net loss) 192082352.25 274496882.87

(I) Classification by business

continuity

1. Net profit from continuing

operations ("-" for net loss) 192082352.25 274496882.87

2. Net profit from discontinued

operations ("-" for net loss)

(II) Classification by ownership

1. Net profit attributable to

shareholders of the parent 165306122.47 256742629.50

company

2. Profit and loss of minority

shareholders 26776229.78 17754253.37

VI. Net Amount after Tax of Other

-32049611.5115829268.88

Comprehensive Income

Net amount of other

comprehensive income after tax

attributed to the owners of parent -32049611.51 15829268.88

company

(I) Other comprehensive

income that cannot be

reclassified into profit or loss

5The First Quarter Financial Report of 2026 To be a Global Leading Crop Protection Company

1. Changes due to re-

measurement on defined benefit

plan

2. Other comprehensive

income that cannot be

converted into profit and loss

under the equity method

3. Changes in fair value of

other equity instrument

investments

4. Changes in the fair value

of the credit risk of the enterprise

5. Other

(ii) Other comprehensive

income that will be reclassified -32049611.51 15829268.88

into profit and loss

1. Other comprehensive

income that can be converted to

profit or loss under the equity

method

2. Changes in fair value for

other investment on bonds

3. Amount of financial

assets reclassified into other

comprehensive income

4. Provision for credit

impairment of other creditor's

rights investment

5. Cash flow hedge reserve

6. Difference of foreign

currency financial statement -32049611.51 15829268.88

translation

7. Other

Net amount of other

comprehensive income after tax 0.00

attributed to minority shareholders

VII. Total Comprehensive Income 160032740.74 290326151.75

Total comprehensive income

attributed to parent company 133256510.96 272571898.38

owners

Total comprehensive income

attributed to minority shareholders 26776229.78 17754253.37

VIII. Earnings per Share:

(i) Basic earnings per share 0.59 0.91

(ii) Diluted earnings per share 0.59 0.91

Legal Representative: Chief Accountant in Charge: Chief of

Accounting Institution:

Wicky Wang Xing Bingpeng

Zhang Baolin

6The First Quarter Financial Report of 2026 To be a Global Leading Crop Protection Company

3. Consolidated Cash Flow Statement

Unit: RMB

Item Q1 2026 Q1 2025

I. Cash Flows Generated from

Operating Activities:

Cash received from sales of 2986251331.49 2787407822.34

goods and services

Net increase in deposit from

customers and interbank

Net increase in borrowing

from central bank

Net increase in borrowings

from other financial

institutions

Cash receipts from

premiums under direct

insurance contracts

Net cash receipts from re-

insurance business

Net cash receipts from

policyholders' deposits and

investments

Cash receipts from interest

handling fees and

commissions

Net increase in capital

borrowed from banks and

other financial institutions

Net increase in repurchase

business capital

Net cash received from

securities trading brokerage

Cash receipts from tax refunds 208180479.81 193285292.63

Cash received relating

to other operating 15938801.77 15118878.40

activities

Subtotal of cash inflow in 3210370613.07 2995811993.37

business activities

Cash payments for goods

acquired and services 3154063382.71 2471204965.87

received

Net increase in customer

loans and advances

Net increase in deposits in

central bank and interbank

Cash payments for original

insurance contract claims

Net increase in lending funds

from banks and other financial

institutions

Cash payments for interest

fee and commission

Cash payments for

7The First Quarter Financial Report of 2026 To be a Global Leading Crop Protection Company

insurance

policyholder

dividends

Cash payments to

employees and on behalf of 365080481.02 309909235.87

employees

Cash payments for taxes 129935580.10 104327001.93

Other cash payments

relating to operating 203442918.40 177131056.75

activities

Subtotal of cash outflow in 3852522362.23 3062572260.42

business activities

Net cash flow from operating

activities -642151749.16 -66760267.05

II. Cash Flows from Investing

Activities:

Cash receipts from

investment withdrawal

Cash receipts from

return on investments

Net cash receipts from

disposals of fixed assets 1157644.00

intangible assets and other

long- term assets

Net cash receipts from disposal

of

subsidiary or any other business

unit

Other cash receipts relating to 1185012.46

investing activities

Subtotal of cash inflow in 2342656.46

investment activities

Cash payments to acquire or

construct fixed assets 85876169.55 232698396.20

intangible assets and other

long-term assets

Cash payments for investment

Net increase in pledged loans

Net cash payments to acquire

subsidiary and other business

units

Other cash payments

relating to investment 17914561.78 5213012.61

activities

Subtotal of cash outflow in

investment activities 103790731.33 237911408.81

Net cash flow in investment

activities -101448074.87 -237911408.81

III. Cash Flows from Financing

Activities:

Cash received from capital

contributions

Including: Cash received from

investment of minority

shareholder from subsidiary

Cash receipts from borrowings 1528328080.55 1027634410.10

Other cash receipts relating to

financing activities

8The First Quarter Financial Report of 2026 To be a Global Leading Crop Protection Company

Subtotal of cash inflow in 1528328080.55 1027634410.10

financing activities

Cash repayments of borrowings 676691981.07 703963732.59

Cash payments for distribution of

dividends profits or cash 9531665.21 19596054.68

payments for interest expenses

Including: Dividends and

profits paid to minority

shareholders by subsidiaries

Other cash paid related to

financing activities

Subtotal of cash outflow in 686223646.28 723559787.27

financing activities

Net cash flow from financing

activities 842104434.27 304074622.83

IV. Effect of Exchange Rate

Changes on Cash and Cash -472615.69 31037664.69

Equivalents

V. Net Increase in Cash 98031994.55 30440611.66

and Cash Equivalents

Add: Beginning balance of 1455356930.03 1288636135.42

cash and cash equivalents

VI. Closing Balance of Cash 1553388924.58 1319076747.08

and Cash Equivalents

Should there be any difference in the interpretation of the contents the Chinese version of the First Quarter

Report of 2026 shall prevail.SHANDONG WEIFANG RAINBOW CHEMICAL CO.LTD

Board of Directors

April 27 2026

9