苏 泊 尔2025年半年度报告（英文版）

Zhejiang Supor Co., Ltd. 2025 Semiannual Report 1 Zhejiang Supor Co., Ltd. 2025 Semiannual Report August 2025 Zhejiang Supor Co., Ltd. 2025 Semiannual Report 2 SECTION I IMPORTANT NOTES, TABLE OF CONTENTS AND DEFINITIONS The Board of Directors and the Board of Supervisors of Zhejiang Supor Co., Ltd. (hereinafter referred to as the "Company") and all its directors, supervisors and senior executives warrant that this semiannual report is true, accurate and complete, and does not contain any fictitious statements, misleading information or significant omissions; all directors, supervisors and senior executives of the Company undertake, separately and jointly, all responsibilities in relation to the truth, accuracy and completeness hereof. Mr. Thierry de LA TOUR D'ARTAISE, person in charge of the Company, and Mr. Xu Bo, person in charge of accounting and person in charge of accounting department (accountant in charge), hereby confirm that the financial report enclosed in this semiannual report is true, accurate and complete. All directors have attended the Board Meeting of semiannual report in person. It is of great uncertainty, for whether it can be realized or not depends on multiple factors, including market change and effort of management team. Please be careful of investment risks. For details of the risk factors faced by the Company, please refer to Part X "Risks Faced by the Company and Countermeasures" of Section III "DISCUSSION AND ANALYSIS OF THE MANAGEMENT". Zhejiang Supor Co., Ltd. 2025 Semiannual Report 3 The Company plans not to distribute cash dividend, issue bonus shares, or transfer reserve to common shares. Zhejiang Supor Co., Ltd. 2025 Semiannual Report 4 Table of Contents SECTION I IMPORTANT NOTES, TABLE OF CONTENTS AND DEFINITIONS ........ 2 SECTION II COMPANY FILE AND MAJOR FINANCIAL INDICATORS ....................... 7 SECTION III DISCUSSION AND ANALYSIS OF THE MANAGEMENT .......................... 10 SECTION IV CORPORATION GOVERNANCE, ENVIRONMENT AND SOCIETY .... 21 SECTION V SIGNIFICANT EVENTS .............................................................................................. 25 SECTION VI CHANGES IN SHARE CAPITAL AND PARTICULARS ABOUT SHAREHOLDERS ................................................................................................................................... 33 SECTION VII BONDS ............................................................................................................................ 39 SECTION VIII FINANCIAL REPORT ............................................................................................ 40 SECTION IX OTHER SUBMISSION DATA .................................................................................. 151 Zhejiang Supor Co., Ltd. 2025 Semiannual Report 5 CATALOG OF REFERENCE DOCUMENTS I. 2025 Semiannual Report of the Company and Abstract with signature of legal representative; II. Financial statements with signature of lega