Investor

Presentation

Q3 2026 report

Rainbow Global

Spain Manufacturing Base Weifang Qingdao Ningxia U.S. Houston Champaign

Manufacturing Base Manufacturing Bases Manufacturing Bases

Subsidiary / Office

R&D Centers

Weifang Jinan R&D Centers

Weifang Process Development Center

Argentina Manufacturing Base

10 100+ 140+

Factories Operational Overseas

Countries Subsidiaries

380+ 5200+ 9700+

Independent Staffs Registrations

Patents Globally GloballyIndustry Overview

Export Volume Trends of Products Under China HS Code 3808

10k Tons 2026 2025 2024 2023

40.00

36.17

35.00 33.89

33.71

30.86

30.29 30.13

30.00 30.47 28.43 30.86

27.48 26.63 28.62 27.64 25.47 26.17 26.93 27.24 25.18 24.92

25.00 25.01 24.48 23.94 25.19

22.33 24.86 24.06 22.21 23.80

22.99 23.11 22.99

18.90 21.83 22.54 20.00 19.75

17.43 19.57

18.77 19.25

15.00 14.39

17.21 17.10

11.95 14.43 15.41

10.00

10k Tons 1 2 3 4 5 6 7 8 9 10 11 12

Q1-Q3 2026: Total export volume increased by 4.7% YoY.Q3 2026: Total export volume decreased by 15.5% YoY.Industry Overview

Export Value Trends of Products Under China HS Code 3808

Hundred 2026 2025 2024 2023

Million USD

12.00

11.00 10.95

10.13

10.00 9.77

9.12 9.10

9.00 8.80 8.79

8.12 7.91 8.84 7.83 8.18 8.00 7.88 7.69 7.85 7.64

7.02 7.44 7.54

7.67

7.28

7.26 7.65 7.71 7.71

7.00 6.65

6.32 7.15

6.75

7.27 6.66 6.94 6.92 6.58 6.65

6.00 6.12 6.41 6.07 5.42 5.53 5.90

5.60

5.00 4.94 5.41

4.00 4.59

3.00

2.00

Hundred 1 2 3 4 5 6 7 8 9 10 11 12

Million USD

Q1-Q3 2026: Total export value increases by 9.6% YoY.Q3 2026: Total export value decreased by 6.2% YoY.Industry Overview

Export Unit Price Trends of Products Under China HS Code 3808

2026 2025 2024 2023

USD/Kg

5.00

4.57

4.50

4.13 4.17

4.00 3.88

3.59

3.50 3.42 3.29 3.17 3.15 3.26 3.27

2.98 3.25 3.043 .03 3.04 3.15 3.07 3.08

3.00 2.87 3.01 2.79 2.81

2.92 2.97 3.14 3.00 3.05

2.86 2.81 2.99

2.87 2.69 2.75 2.85

3.02

2.85 2.92 2.96 2.92 2.96 2.86

2.50 2.67 2.60 2.70

2.00

1.50

1.00

0.50

-

USD/Kg 1 2 3 4 5 6 7 8 9 10 11 12

Q1-Q3 2026: Monthly average export unit price increased from $ 2.86/kg in January

to $ 3.15/kg in September.Performance Overview

Revenue Growing Gross Margin Rate EBITDA Increasing Core Business

Steadily Steadily Improving Significantly Profitability Improving Significantly

Revenue at RMB 11.511 billion Gross margin increased to 24.16% EBITDA at RMB 1.773 billion for Net profit attributable to the parent

+5.49% YoY (Jan–Sep 2026) (+2.08pp YoY) for Jan–Sep 2026 Jan–Sep 2026 +25.79% YoY at RMB 711 million for Jan–Sep

growing faster than revenue 2026 down 20.04% YoY impacted

Deeper global market expansion Driven by a rising Model C confirming the strengthening of by RMB exchange rate fluctuations

and rapid growth in North America business mix and0 improved high-quality growth drivers. and changes in fair value of FX

and the EU further solidified the margins across all product lines derivatives. Excluding FX-related

core business base. reflecting effective profit structure impacts core business profitability

optimization. improved significantly YoY

reflecting continuously

strengthening core competitiveness.Performance Overview

Revenue Up YoY Reflecting Continued Market Expansion and

Deepening Success

Revenue Comparison Europe & Asia Oceania Brazil

North America and Latin

Unit: RMB billion America

Early-stage Deeper0 market Revenue slightly down

expansion with penetration driving YoY due to delayed

+5.49%

140.00 steadily growing steady growth procurement season60.00 -7.12%

revenue

120.00 11.51110.911 50.00

4.381

100.00 4.069

40.00

80.00

30.00

60.00

20.00

40.00

20.00 10.00

0.00 0.00

Q1-Q3 2025 Q1-Q3 2026 Q3 2025 Q3 2026Performance Overview

Gross Margin Rate Up YoY

Reflecting Improving Earnings Quality

Gross Margin Rate Comparison 1. Model C revenue increased by 6.24pct

Rising from 41.39% to 47.63% with clear contribution from business mix

optimization

+ 208bps + 83bps 2. Non-herbicide share at 29.35% with more balanced growth

30.00% 30.00%

25.00% 24.16% 25.00% 23.08% 23.91% 3. North America/Europe high-value markets steadily ramping up

22.08% In early expansion stage with sustained growth momentum

20.00% 20.00%

15.00% 15.00% 4. In-House active ingredients projects delivered smart

manufacturing cost reductions evident

10.00% 10.00% In-house active ingredients technical upgrades and new project

execution combined with lean smart manufacturing in formulation serve

5.00% 5.00% as a dual-engine driving cost reduction and efficiency gains. Gross

margins improved across all business models and product categories

0.00% 0.00%

Q1-Q3 2025 Q1-Q3 2026 Q3 2025 Q3 2026Performance Overview

EBITDA And EBITDA Margin Up YoY

Core Operating Efficiency Strengthening

EBITDA Comparison EBITDA Margin Comparison

Unit: RMB million

18.00% 16.54%

+1.07%

20.00 +25.79% 8.00 16.00% 14.72% 14.76%

17.73 13.99% 14.13%

18.00 13.57%7.00 14.00%

16.00 5.94 6.01

14.10 6.00 12.00%

14.00 10.33%

12.00 5.00 10.00%

10.00 4.00 8.00%

8.00 3.00 6.00%

6.00

2.00 4.00%

4.00

2.00%

2.00 1.00

0.00 0.00 0.00%

Q1-Q3 2025 Q1-Q3 2026 Q3 2025 Q3 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026Performance Overview

Net Profit Attributable To The Owner Of Parent Under Short-Term

Pressure FX Impacts Main Driver Of YoY Variance

Net Profit Attributable to the owner of Parent Net Profit Comparison (Excluding FX)

Parent Comparison

Unit: RMB million Unit: RMB million

-20.04%

-37.28% +48.59% -9.22%

10.00 4.00 12.00 11.13 5.00

8.90

9.00 3.50 3.34

11.00

4.16

10.00

8.00 4.00 3.78

7.11 3.00 9.00

7.00

8.00 7.50

6.00 2.50 2.10 7.00 3.00

5.00 2.00 6.00

4.00 5.001.50 2.00

4.00

3.00

1.00 3.00

2.00 1.00

2.00

1.00 0.50 1.00

0.00 0.00 0.00 0.00

Q1-Q3 2025 Q1-Q3 2026 Q3 2025 Q3 2026 Q1-Q3 2025 Q1-Q3 2026 Q3 2025 Q3 2026Financial Highlights

Q1-Q3 2026 Financial Performance Analysis (YoY)

Currency

RMB Q1-Q3 2026 Q1-Q3 2025 % ▲ Note

Faster growth in North America the EU

Sales Revenue 11510518545.73 10911452781.83 5.49% and Oceania; Brazil's local sales season

was delayed

Gross Margin（%） 24.16% 22.08% 208bps Higher Model C Business with improved gross margins across major product lines

EBITDA 1773292503.06 1409677857.04 25.79% Revenue and gross margin rate both up

EBITDA Margin (%) 15.41% 12.92% 249bps Gross margin rate improvement and optimized expense control

Net Profit Attributable to the

Owner of Parent 711420777.82 889733619.13 -20.04% FX losses weighed on parent net profit

Net Operating Cash Flow 769816184.91 1740314337.78 -55.77% Driven by a higher Model C business and increased raw material procurement

* Q1-Q3 2026: Net Profit Attributable to the Parent at approximately RMB 711 million. Exchange rate-driven forex and hedging losses reduced profit by approximately

RMB 402 million. Excluding this adjusted Net Profit Attributable to the Parent at approximately RMB 1.113 billion.* Q1-Q3 2025: Net Profit Attributable to the Parent at approximately RMB 890 million. Exchange rate-driven forex and hedging gains increased profit by approximately

RMB 140 million. Excluding this adjusted Net Profit Attributable to the Parent at approximately RMB 750 million.Financial Highlights

Q1-Q3 2026 Financial Performance Analysis (YoY)

Currency

RMB Q1-Q3 2026 Q1-Q3 2025 % ▲ Note

Mainly due to increased employee

Selling & Distribution

Expenses 590693593.84 541276149.24 9.13%

compensation lease expenses

sample expenses and export credit

insurance during the reporting period

Higher administrative expenses mainly

General & Administrative

Expenses 419832673.67

due to increased employee

401415429.92 4.59% compensation IT costs and travel

costs

R&D Expenses 151892506.71 13.55% Primarily due to increased R&D 133772534.32 investmentFinancial Highlights

Q3 2026 Financial Performance Analysis (YoY)

Currency

RMB Q3 2026 Q3 2025 % ▲ Note

The delayed local sales season in Brazil

Sales Revenue 4068885589.81 4380677448.62 -7.12% compounded by the company's strengthened gross margin improvement

targets and strict credit risk controls

Gross Margin (%) 23.91% 23.08% 83bps Higher Model C shares with improved gross margins across major product lines

EBITDA 600599699.30 594267382.45 1.07% Higher gross margin rate drives YoY EBITDA growth

EBITDA Margin (%) 14.76% 13.57% 119bps Due to gross margin improvement

Net Profit Attributable to the 209563568.32 334130258.84 -37.28% FX losses and lower revenue drove lower Owner of Parent parent net profit

Net Operating Cash Flow 644730491.13 847132095.62 -23.89% Driven by a higher Model C business and increased raw material procurement

* Q3 2026: Net Profit Attributable to the Parent at approximately RMB 210 million. Exchange rate-driven forex and hedging losses reduced profit by approximately RMB

168 million. Excluding this adjusted Net Profit Attributable to the Parent at approximately RMB 378 million.

* Q3 2025: Net Profit Attributable to the Parent at approximately RMB 334 million. Exchange rate-driven forex and hedging losses reduced profit by approximately RMB

82 million. Excluding this adjusted Net Profit Attributable to the Parent at approximately RMB 416 million.Financial Highlights

Q3 2026 Financial Performance Analysis (YoY)

Currency

RMB Q3 2026 Q3 2025 % ▲ Note

Selling & Distribution

Expenses 199317275.64 200431556.18 -0.56%

General & Administrative

Expenses 143134177.32 148272592.23 -3.47%

R&D Expenses Primarily due to increased R&D 51739700.99 50344221.33 2.77% investmentFinancial Highlights

Q1-Q3 2026 New Global Registration Status by Geographic Segment

Q1-Q3 2026

New Approvals:

800+

Brazil Latin North Europe Middle Asia (China

3.65% America America 10.49% East/Africa inclusive)

Oceania

31.36% 8.56% 14.02% 31.24% 0.68%Financial Highlights

Total Global Registration Status by Geographic Segment as of September 2026

Total Approvals :

9700+

Brazil Latin North Middle Asia (China

2.14% America America

Europe

8.60% East/Africa inclusive)

Oceania

40.28% 1.20% 16.27% 26.08% 5.43%Financial Highlights

Q1-Q3 2026 Revenue Status by Geographic Segment

Q1-Q3 2026 Revenue :

11.511 billion RMB

Brazil Latin North America America Europe

Middle Asia (China

Q1-Q3 25.95% 7.56% East/Africa inclusive)

Oceania

25.23% 10.85% 9.54% 13.84% 7.03%

2026

Brazil Latin North Middle Asia (China

Q1-Q3 32.10% America America

Europe

6.30% East/Africa inclusive)

Oceania

24.97% 7.30% 10.18% 13.30% 5.85%

2025Financial Highlights

Revenue Share by Segment (YoY)

Revenue by Segment(Q1-Q3) Quarterly Revenue by Segment

Mode C Mode A + Mode C Mode A + Mode C Mode A + Mode C Mode A +

41.39% Mode B 47.63% Mode B 43.25% Mode B 47.36% Mode B

58.61% 52.37% 56.75% 52.64%

Q1-Q3 2025 Q1-Q3 2026 Q3 2025 Q3 2026Financial Highlights

Gross Margin Rate Comparison by Segment

Gross Margin Rate by Segment (Q1-Q3) Quarterly Gross Margin Rate by Segment

35.00%

32.64% 35.00%

30.88% 31.80% 32.03%

30.00% 30.00%

25.00% 25.00%

20.00% 20.00%

15.87% 16.44% 16.43% 16.59%

15.00% 15.00%

10.00% 10.00%

5.00% 5.00%

0.00% 0.00%

Model A + Model B Model C Model A + Model B Model C

Q1-Q3 2025 Q1-Q3 2026 Q3 2025 Q3 2026Financial Highlights

Revenue by Product Category

Revenue by Product Category (Q1-Q3) Revenue by Product Category

other other other other

1.36% 1.61% 1.34% 1.02%

Fungicide Fungicide Fungicide

Fungicide

10.21% 8.46%9.94% 10.03%

Insecticide

Insecticide Insecticide Insecticide 20.77%

18.43% 17.80% 21.67%

Herbicide Herbicide

70.65% Herbicide

Herbicide

70.00% 66.96% 69.75%

Q1-Q3 2025 Q1-Q3 2026 Q3 2025 Q3 2026Financial Highlights

Gross Margin Rate Comparison by Product Category

Gross Margin Rate by Product Category (Q1-Q3) Quarterly Gross Margin Rate by Product Category

35.00% 35.00%

31.69% 32.09%

30.00% 29.70% 30.00% 29.83%28.05% 27.90% 27.33%

25.68%

25.00% 25.00%

19.90% 21.07% 20.88% 20.65%

20.00% 20.00%

15.00% 15.00%

10.00% 10.00%

5.00% 5.00%

0.00% 0.00%

He除rb草ic剂ide Ins杀ec虫t剂icide Fu杀ng菌ic剂ide He除rb草ic剂ide Ins杀ec虫ti剂cide Fu杀ng菌ic剂ide

Q1-Q230 22052年51-9月 202Q61年-Q13- 92月026 Q3 22002255Q3 2026Q3 Q3 2026To be a Global Leading Crop

Protection Company

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