Nanjing Panda Electronics Co., Ltd. (Nanjing Panda) disclosed in its 2023 report that the company achieved a net loss attributable to shareholders of listed companies of RMB237,862,230.10. According to the relevant regulations, the Company's profit distribution forecast for 2023 is not subject to profit distribution. ALL DIRECTORS OF THE COMPANY ATTENDED THE BOARD MEETING HELD ON 28 MARCH 2024. OSHUI Accounting Firm (Special General Partnership) produces standard unreserved audit reports for the company. The net cash flow generated by the Company's operating activities decreased, mainly due to a decrease in cash received from sales of goods and the provision of labor services. The company's operating income was RMB2,912,311,480.01 and the operating cost was RMB2,398,000,168.52. Corporate income tax expense is RMB20,527,647.56. The Company's end-of-term cash and cash equivalents balance is RMB798,419,753.09. The Company will depreciate the full value of its long-term equity investments in ENC and will continue to monitor the impact of the ENC Special Tax Adjustment and related matters on the Company.

Nanjing Panda Electronics Co., Ltd. (Nanjing Panda) disclosed in its 2023 report that the company achieved a net loss attributable to shareholders of listed companies of RMB237,862,230.10. According to the relevant regulations, the Company's profit distribution forecast for 2023 is not subject to profit distribution. ALL DIRECTORS OF THE COMPANY ATTENDED THE BOARD MEETING HELD ON 28 MARCH 2024. OSHUI Accounting Firm (Special General Partnership) produces standard unreserved audit reports for the company. The net cash flow generated by the Company's operating activities decreased, mainly due to a decrease in cash received from sales of goods and the provision of labor services. The company's operating income was RMB2,912,311,480.01 and the operating cost was RMB2,398,000,168.52. Corporate income tax expense is RMB20,527,647.56. The Company's end-of-term cash and cash equivalents balance is RMB798,419,753.09. The Company will depreciate the full value of its long-term equity investments in ENC and will continue to monitor the impact of the ENC Special Tax Adjustment and related matters on the Company.