2026 Semi-annual Report

Full text of 2026 Semi-Annual Report Full text of 2026 Semi-Annual Report 1 / 214 Section I Important Notice, Table of Contents and Definitions The Board of Directors, the Directors and Senior Management of the Company warrant that the contents in this semi-annual report are true, accurate, and complete and have no false representations, misleading statements or material omissions, and they will severally and jointly accept legal responsibility for such contents. Mr. Li Shuirong, Principal of the Company, Ms. Wang Yafang, Person in Charge of Accounting Work, and Ms. Zhang Shaoying, Person in Charge of the Accounting Department (Accounting Officer), hereby declare that they warrant the truthfulness, accuracy, and completeness of the financial report in this semi-annual report. All Directors have attended the Board meeting to deliberate on the report. The Company does not plan to distribute cash dividends, issue bonus shares or convert capital reserves into share capital. This semi-annual report has been prepared in both Chinese and English. In case of any discrepancy between the two versions, the Chinese version shall prevail. Full text of 2026 Semi-Annual Report 2 / 214 Contents Section I Important Notice, Table of Contents and Definitions ............................. 1 Section II Company Profile and Key Financial Indicators ..................................... 5 Section III Management Discussion and Analysis ................................................... 8 Section IV Corporate Governance, Environment and Society ............................. 33 Section V Important Matters ................................................................................... 37 Section VI Changes in Shares and Shareholders ................................................... 75 Section VII Bonds ..................................................................................................... 82 Section VIII Financial Reports ................................................................................ 83 Full text of 2026 Semi-Annual Report 3 / 214 Contents of Documents for Future Reference (I) The financial statements containing signatures and seals of the person in charge of the Company, the person in charge of accounting work and the person in charge of the Accounting Department (Accounting Officer); (II) Written confirmation from Directors and Senior Management of the Company on the 2026 Semi-Annual Report; (III) The originals of all company documents and announcements that are disclosed to the public via media designated by CSRC during the reporting period; (IV) The place where the above-mentioned documents are maintained: Office of the Board of Directors. Full text of 2026 Semi-Annual Report 4 / 214 Definitions Term Refers to Definition Company, the Company, Rongsheng Petrochemical Refers to Rongsheng Petrochemical Co., Ltd. Rongsheng Holdings Refers to Zhejiang Rongsheng Holding Group Co., Ltd., controlling shareholder of t