Guangdong Meiyan Jixiang Hydropower Co., Ltd. 2025 Annual Report Summary

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Company Code: 600868 Company Short Name: Meiyan Jixiang

First Section Important Notices

1. The summary of this annual report comes from the full text of the annual report. To fully understand the Company’s operating results, financial position, and future development plans, investors should go to the Shanghai Stock Exchange website http://www.sse.com.cn and carefully read the full text of the annual report.

2. The Board of Directors of the Company and the directors and senior management guarantee that the content of the annual report is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions, and shall assume individual and joint legal responsibility.

3. All directors of the Company attended the board meeting.

4. Shinewing Certified Public Accountants (Special General Partnership) has issued for the Company an audit report with a standard unmodified opinion.

5. The profit distribution proposal for this reporting period approved by the Board of Directors, or the proposal for conversion of capital reserve into share capital

According to the audit report “XYZH/2026SZAA4B0078” issued by Shinewing Certified Public Accountants (Special General Partnership), the audited net profit of the parent company for 2025 was -1,361,997.68 yuan, and retained earnings were 272,192,369.36 yuan; the consolidated statement shows that the net profit attributable to shareholders of listed companies for 2025 was -97,090,047.63 yuan, and retained earnings were -271,899,626.05 yuan. Taking into comprehensive account the Company’s business development strategy and the development plan for its future primary businesses, to ensure the Company’s sustainable, stable, and healthy development, better safeguard the long-term interests of the Company and all its shareholders, and ensure the Company has the necessary and sufficient funds to implement the future Company’s operating plan and capital needs. The Company proposes the 2025 profit distribution proposal as follows: to not distribute cash dividends, not to issue bonus shares, and not to convert capital reserve into share capital. This proposal is subject to submission to and approval by the Company’s 2025 annual general meeting of shareholders before implementation.

As of the end of the reporting period, the parent company has related circumstances of unremedied losses and their impact on matters such as the Company’s dividend distribution

□Applicable √Not applicable

Second Section Basic Information about the Company

1. Company Overview

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2. Summary of the Company’s Main Business During the Reporting Period

In 2025, the development of industries such as the energy and resources sector and geospatial information, as well as the modern services industry (BPO), generally showed a trend of stabilizing for the better and structural optimization. Policy support and technological iteration became the core driving forces. The overall industry is moving toward greener, more digital, and higher-quality development directions.

In the energy sector, the power industry accelerated structural transformation led by the “dual carbon” goals. The small hydropower industry entered a new stage of green renovation and modernization improvements. At the policy level, the ecological priority principle was implemented, ecological flow monitoring was strengthened, and the industry’s focus shifted from existing capacity development to green renovation and intelligent upgrades. The clean energy energy storage industry achieved leapfrog growth; new installed capacity scaled up significantly year over year. Independent energy storage became the main market participant. The proportion of long-duration energy storage technology applications increased, and large-scale, integrated delivery models became the industry mainstream, providing key support for stable operation of power systems.

In the resources sector, the strategic attributes of antimony-silver mineral resources became increasingly prominent. Affected by stricter environmental supervision, export controls, and shutdowns in the main production areas, antimony supply experienced a rigid contraction. With strong demand and an ever-widening supply-demand gap, the value of resource reserves became even more outstanding.

In the geospatial information sector, the industry also saw a boost from the dividend of digital reform. At the policy level, the accelerated rollout of the construction of a “single map” for territorial spatial planning and the advancement of “Real 3D China” were progressing. The reform of surveying and mapping qualifications lowered market access thresholds. In terms of application scenarios, demand surged in areas such as autonomous driving, smart cities, and digital rural areas. The industry’s total output value surpassed 900 billion yuan. The value of data elements became increasingly prominent, serving as a core spatiotemporal foundation for building a Digital China.

During the reporting period, for the addition of BPO modern services industry, the level of policy support to the industry continued to increase. The “Suggestion of the 15th Five-Year Plan for National Economic and Social Development of Guangdong Province” adopted at the Seventh Plenary Session of the 13th Guangdong Provincial Committee of the CPC clarified support for the development of modern services. The document states that it is necessary to adhere to the primary role of the real economy, promote “manufacturing as the backbone” and “modern services improving in quality” as a dual-engine drive, promote deep integration between manufacturing and services, and focus on developing high value-added productive services such as software information, digital services, and outsourcing economy (BPO), so as to strengthen the digital economy and enable industrial upgrading. It also clearly stated to strengthen factor supply and policy support for the aforementioned industries, optimize the business environment, cultivate new quality productive forces through means such as science and technology finance and green finance, and provide safeguard measures for high-quality development. The Municipal Committee and Municipal Government of Meizhou place great importance, and, together with the “Several Measures of Meizhou City to Support the Development of the Call Industry” (“Call Industry 9 Articles”) and the deployment in “Suggestions of the 15th Five-Year Plan for National Economic and Social Development of Meizhou City” adopted by the CPC Municipal Committee of Meizhou City for accelerating the development of BPO digital industry, they provided the company with “case-by-case” policy support for its BPO business, thereby ensuring the company’s BPO business for large-scale expansion and high-quality development.

Faced with the combined effects of multiple factors such as the decline in operating revenue from the Company’s main business hydropower generation in 2025, as well as continued pressure on accounts receivable for geospatial information business and intensifying industry competition, the Company’s progress in some businesses and investment effectiveness were not as expected, and the operating performance faced period-based pressure. In terms of main businesses, the Company has green energy as its foundation, focuses on enhancing the quality and efficiency of its hydropower core business, and consolidates safe and stable operation of hydropower business. In 2025, hydropower generation business was affected by reduced rainfall in the Meizhou region; the station’s total cumulative generation for the year was 369.43M kWh, representing a year-on-year decrease of 31%.

The geospatial surveying and mapping information business revenue during the reporting period increased by 4.61% compared with the same period last year. The difficulty in collecting accounts receivable remains a key challenge faced by the Company. On the one hand, the Company continuously strengthens the collection of accounts receivable. On the other hand, through deepening market layout, it promotes the integrated development of businesses such as geospatial information data processing and technical services, comprehensively enhances its digital operations capabilities and intelligent management level, and ensures the operation and development of its geospatial surveying and mapping businesses.

In other businesses, the Company adheres to the operating philosophy of “unity, dedication, effectiveness first, science-based stability, and innovation with win-win outcomes.” In line with the development needs of each business, it adjusts operational directions and decision-making in a timely manner, thereby promoting the healthy and stable development of each business. On the one hand, the Company continues to promote emerging tracks such as new-type energy storage, cultivates new drivers of green and low-carbon development, and continues to advance the operation of projects of controlling subsidiaries such as biomass natural gas, biogas power generation business, and multi-layer highly catalytic active coating titanium electrodes for electrolysis copper foil. On the other hand, the Company actively participates in the management and promotion of flywheel energy storage pilot projects, providing solid support for the formal launch of projects and market expansion.

At the same time, the Company actively promotes the revitalization of existing mineral resources and manufacturing inventory assets. During the reporting period, the Songxi Antimony-Silver Mine resource obtained a breakthrough progress in that it achieved the review filing approval by the National Natural Resources Bureau for the reserve verification report. The transfer of production capacity indicators of the Xuanyao Cement allowed the existing assets to be revitalized, further providing assurance for the Company’s operating cash flows.

During the reporting period, the Company closely aligned with the national strategy for high-quality development of digital economy and modern services industry, and in August 2026 implemented the acquisition of 65% equity interests in Shanghai Xinjiyu Information Technology Service Co., Ltd. (hereinafter referred to as “Shanghai Xinjiyu”), and included Shanghai Xinjiyu into the Company’s consolidated financial statements. After the completion of the acquisition, the Company efficiently completed the business alignment, team integration, qualification handover, and business expansion of the target assets. In accordance with standardized requirements such as the governance rules for listed companies, it further established and improved a standardized and compliant management system for BPO business, achieving a smooth transition from “acquisition and landing” to “operational effectiveness.”

The Company precisely grasped the policy guidance under Guangdong Province’s “15th Five-Year Plan” regarding the deep integration of manufacturing and modern services, and the vigorous development of digital service outsourcing and BPO industry. It fully demonstrated strategic forward-looking and proactive initiative in layout, and proactively connected with governments and departments at all levels in Meizhou. In combination with the “Several Measures of Meizhou City to Support the Development of the Call Industry” (“Call Industry 9 Articles”) and the deployment and policy support in “Suggestions of the 15th Five-Year Plan for National Economic and Social Development of Meizhou City” adopted by the CPC Municipal Committee of Meizhou City regarding accelerating the development of BPO digital industry, it prepared for resource investment and risk prevention and control, promoted the rapid landing of the Company’s BPO industry acquisition plan, and fully worked to secure policy support for its BPO business in Meizhou (South China headquarters base), including industrial agglomeration, site subsidies, talent cultivation and introduction, and operation subsidies.

The CPC Committee and the Municipal Government of Meizhou and the various competent authorities attach great importance. In the “15th Five-Year Plan” work arrangement, the Meizhou Municipal Department of Industry and Information Technology clarified the advancement of benchmark projects including the construction of the Guangdong Xinjiyu BPO Industrial Park base for Shanghai Xinjiyu’s wholly-owned subsidiary, and promoted the supporting implementation and deployment to cover call center industries across all counties (cities, districts), providing the Company with solid policy support and assurance for the South China headquarters to enable its business to develop at a large scale and in a standardized manner.

3. The Company’s Main Accounting Data and Financial Indicators

3.1 The Company’s Major Accounting Data and Financial Indicators for the Past 3 Years

Unit: yuan Currency: RMB

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3.2 Main Accounting Data by Quarter for the Reporting Period

Unit: yuan Currency: RMB

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Explanations of differences between the quarterly data and previously disclosed periodic report data

□Applicable √Not applicable

4. Shareholder Information

4.1 The total number of ordinary shareholders at the end of the reporting period and at the end of the month immediately preceding the disclosure of the annual report, the total number of preferred shareholders with restored voting rights, and the total number of shareholders holding shares with special voting rights, as well as the information of the top 10 shareholders

Unit: shares

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4.2 A box diagram of the property and control relationships between the Company and the controlling shareholder

□Applicable √Not applicable

4.3 A box diagram of the property and control relationships between the Company and the actual controller

□Applicable √Not applicable

4.4 The total number of preferred shareholders of the Company at the end of the reporting period and the information of the top 10 shareholders

□Applicable √Not applicable

5. Corporate Bonds

□Applicable √Not applicable

Third Section Important Matters

1. The Company shall, in accordance with the principle of materiality, disclose any major changes in its operating conditions during the reporting period, as well as any matters that occurred during the reporting period that have a material impact on the Company’s operating conditions and any matters that are expected to have a material impact in the future.

During the reporting period, the Company achieved operating revenue of 97.09M yuan. Due to the impact of the accounts receivable of Guangzhou Guoce, a controlling subsidiary, on credit impairment losses being supplemented and accrued based on aging, and the impairment of assets and intangible assets of Shanghai Shengyin after key equipment such as kilns was legally shut down and dismantled following the transfer of the production capacity of Meiyan Xuanyao Cement Company, the net profit attributable to shareholders of listed companies for this year was -9,709 million yuan. The Company’s total assets were 1.87B yuan, and net assets attributable to shareholders of listed companies were 4.05B yuan.

2. If there are circumstances of risk warning for delisting or termination of listing after the Company’s annual report is disclosed, the reasons leading to the risk warning for delisting or termination of listing shall be disclosed.

□Applicable √Not applicable

Securities Code: 600868 Securities Short Name: Meiyan Jixiang Announcement No.: 2026-020

Guangdong Meiyan Jixiang Hydropower Co., Ltd.

Announcement on Progress in Disposing and Repurchasing Shares

The Board of Directors of this Company, all directors, and relevant shareholders guarantee that this announcement contains no false records, misleading statements, or material omissions, and assume legal responsibility for the truthfulness, accuracy, and completeness of the contents of this announcement.

Highlights of Important Content:

● Basic information of the share repurchase

To safeguard the Company’s value and shareholders’ interests, Guangdong Meiyan Jixiang Hydropower Co., Ltd. (hereinafter referred to as “the Company”) cumulatively repurchased 23,879,700 shares of the Company between June 27, 2024 and September 27, 2024. The shares repurchased under this repurchase will be sold by way of centralized bidding after 12 months from the date of disclosure of the completion announcement of the repurchase, and the sale must be completed within three years from the date of disclosure of the completion announcement of the repurchase. If the Company fails to complete the sale within the above-mentioned period, the portion of shares not sold shall complete the relevant procedures to be cancelled.

● Progress of the disposal plan

The Company disclosed the “Announcement on the Plan to Sell the Company’s Repurchased Shares in 2024” on November 20, 2025 (Announcement No.: 2025-051). The Company plans to sell the above repurchased shares by way of centralized bidding from December 12, 2025 to June 11, 2026, and the planned disposal quantity shall not exceed 23,879,700 shares, accounting for 1.26% of the Company’s total share capital.

On February 25, 2026, the Company first sold 18,980,000 shares that had been repurchased by way of centralized bidding, approximately accounting for 1% of the Company’s total share capital (see the Company’s “Announcement on the First Sale of Repurchased Shares” disclosed on February 26, 2026).

According to the requirements, within the first three trading days of each month, progress as of the end of the previous month must be announced. As of March 31, 2026, the Company has sold 18,980,000 repurchased shares by way of centralized bidding, accounting for 1% of the Company’s total share capital. The total transaction amount was 79,060,108 yuan (excluding transaction fees and taxes). The highest transaction price was 4.22 yuan per share, the lowest was 4.12 yuan per share, and the average price was 4.165 yuan per share.

I. Basic information before the disposing party disposes shares

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The above disposing party has no parties acting in concert.

II. Implementation progress of the disposal plan

(I) Disclosure of implementation progress for the following reasons:

Other reasons: According to the requirements, progress as of the end of the previous month shall be announced within the first three trading days of each month

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(I) Whether this disposal matter is consistent with the plan and commitments previously disclosed by the Company

√Yes □No

(II) Within the disposal time interval, whether the listed company has disclosed major matters such as high-share dividend and capital transfer or planning of merger and restructuring

□Yes √No

(III) Other matters required by this office

None

III. Risk warnings related to the disposal plan

(I) Uncertainty risks of the implementation of the disposal plan, such as specific circumstances where the preconditions and restrictive conditions for the plan implementation are met or eliminated, etc.

In accordance with relevant requirements such as “Guidelines for Self-Regulatory Supervision No. 7 — Share Repurchases” of the Shanghai Stock Exchange, the sale of repurchased shares by the Company shall comply with the following requirements:

1. The declared selling price shall not be the price restricted by the daily trading price decline limit for the Company’s stock on that day;

2. No orders may be placed for sale during the opening call auction, within the first half hour before the close, and on trading days when there is no limit on stock price rise or fall;

3. The daily selling quantity may not exceed 25% of the average daily trading volume of the 20 trading days before the pre-disclosure of the selling plan, except for daily selling quantities not exceeding 200k shares;

4. Within any consecutive 90 days, the total number of shares to be sold shall not exceed 1% of the total number of shares of the Company;

5. Other requirements stipulated by the China Securities Regulatory Commission and the Shanghai Stock Exchange.

(II) Risk of whether the implementation of the disposal plan will lead to changes in the controlling rights of the listed company □Yes √No

(III) Other risks

The repurchased shares sold under this disposal comply with the provisions of the “Securities Law of the People’s Republic of China,” the “Rules Governing the Listing of Stocks on the Shanghai Stock Exchange,” the “Guidelines for Self-Regulatory Supervision No. 7 — Share Repurchases” of the Shanghai Stock Exchange, and other relevant laws and regulations.

During the implementation period of the share disposal plan, the Company will strictly comply with the relevant laws and regulations and regulatory requirements, and promptly fulfill information disclosure obligations. Investors are kindly requested to invest rationally and pay attention to investment risks.

This announcement is hereby made.

Guangdong Meiyan Jixiang Hydropower Co., Ltd.

Board of Directors

April 3, 2026

Securities Code: 600868 Securities Short Name: Meiyan Jixiang Announcement No.: 2026-019

Guangdong Meiyan Jixiang Hydropower Co., Ltd.

Notice of Convening the 2025 Annual General Meeting of Shareholders

The Board of Directors of this Company and all directors guarantee that this announcement contains no false records, misleading statements, or material omissions, and assume legal responsibility for the truthfulness, accuracy, and completeness of the contents of this announcement.

Highlights of Important Content:

● Date of the general meeting: April 23, 2026

● Network voting system used for this general meeting: the Shanghai Stock Exchange Shareholders’ Meeting Network Voting System

I. Basic information of the meeting

(I) Type and session of the general meeting

2025 Annual General Meeting of Shareholders

(II) Convener of the general meeting: Board of Directors

(III) Voting method: The voting method used for this general meeting is a combination of onsite voting and network voting

(IV) Date, time, and location of the onsite meeting

Date and time of the meeting: April 23, 2026 at 14:30

Location of the meeting: Company Conference Room, No. 58 South China Avenue, Meijiang District, Meizhou City, Guangdong Province

(V) Network voting system, start and end dates, and voting time.

Network voting system: the Shanghai Stock Exchange Shareholders’ Meeting Network Voting System

Network voting start and end time: from April 23, 2026

to April 23, 2026

Voting time via the Shanghai Stock Exchange network voting system: the voting time via the trading system voting platform is the trading time on the day when the shareholders’ meeting is held, i.e., 9:15-9:25, 9:30-11:30, and 13:00-15:00; the voting time via the internet voting platform is 9:15-15:00 on the day when the shareholders’ meeting is held.

(VI) Voting procedures for financing and securities lending, margin trading and stock transfer, agreed repurchase business accounts, and investors under the Shanghai-Hong Kong Stock Connect

For voting by investors involving financing and securities lending, margin trading and stock transfer, agreed repurchase business related accounts, and investors under the Shanghai-Hong Kong Stock Connect, it shall be conducted in accordance with relevant provisions such as “Guidelines for Self-Regulatory Supervision No. 1 — Standardized Operation” of the Shanghai Stock Exchange listed companies.

(VII) Matters involving soliciting shareholder voting rights in public

None

II. Matters to be Considered by the Meeting

The resolutions to be considered at this general meeting and the types of shareholders voting

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1. The time when each resolution has been disclosed and the disclosure media

The resolutions to be considered at this general meeting have been approved at the second meeting of the 12th session of the Board of Directors. For details, please refer to the relevant announcements disclosed by the Company on April 3, 2026 on “China Securities Journal,” “Shanghai Securities News,” and the website of the Shanghai Stock Exchange (http://www.sse.com.cn/).

2. Special resolution: None

3. Resolutions for separate counting for small and medium investors: 2, 3, 4

4. Resolutions involving related shareholders’ avoidance of voting: None

Names of related shareholders that shall avoid voting: None

5. Resolutions involving preferred shareholders’ participation in voting: None

III. Voting Notice for Shareholders

(I) When the Company’s shareholders exercise their voting rights through the Shanghai Stock Exchange Shareholders’ Meeting Network Voting System, they may vote either by logging in to the trading system voting platform (via the designated securities company trading terminal for the specified transaction) or by logging in to the internet voting platform (URL: vote.sseinfo.com). If shareholders log in to the internet voting platform for the first time to vote, they need to complete shareholder identity verification. For specific operations, please see the instructions on the website of the internet voting platform.

(II) Where voting rights are exercised repeatedly through onsite voting, the network voting platform of this exchange, or other methods using the same voting rights, the result of the first vote shall prevail.

(III) Shareholders holding multiple shareholders’ accounts may exercise voting rights equal to the total number of ordinary shares of the same class and preferred shares of the same type held in all accounts under their names.

Shareholders holding multiple shareholders’ accounts who participate in the network voting for the shareholders’ meeting through the network voting system of this Exchange may participate through any of their shareholder accounts. After voting, it is deemed that the ordinary shares of the same class and preferred shares of the same type under all their shareholder accounts have been separately cast the same opinion voting ballots.

For shareholders holding multiple shareholder accounts who conduct voting repeatedly through multiple shareholder accounts, the voting opinions of the ordinary shares of the same class and preferred shares of the same type under all their shareholder accounts shall each be determined based on the results of the first voting under each class and type.

(IV) All resolutions shall be voted on by shareholders before they can submit.

IV. Persons attending the meeting

(I) Shareholders who are registered in the Shanghai branch of China Securities Depository and Clearing Co., Ltd. at the close of the share register on the afternoon of the equity registration date shall have the right to attend the general meeting (for specific circumstances, see the following table), and may also appoint a proxy to attend and vote on their behalf in writing. The proxy does not need to be a shareholder of the Company.

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(II) Directors and senior management of the Company.

(III) Lawyers engaged by the Company.

(IV) Other personnel

V. Meeting registration method

(I) Documents held for onsite meeting registration: legal entity shareholders shall be represented by their legal representative or their appointed proxy to attend the meeting. If the legal representative attends, he/she shall carry a copy of the business license (bearing the company seal), his/her own identity card, and the legal entity shareholder’s account card to register with the Company; if the legal representative appoints a proxy to attend, the proxy shall carry a copy of the business license (bearing the company seal), his/her own identity card, the letter of authorization legally issued by the legal representative, and the legal entity shareholder’s account card to register with the Company. If an individual shareholder attends in person, he/she shall carry his/her own identity card and shareholder account card to register with the Company; if a proxy attends, the proxy shall carry his/her identity card, the letter of authorization, and the shareholder account card to register with the Company. Offsite shareholders may register by mail or fax.

(II) Onsite meeting registration time: April 21, 2026 (morning 9:00-11:30; afternoon 14:30-17:30).

(III) Registration location: Office of the Board of Directors, Company, No. 58 South China Avenue, Meijiang District, Meizhou City, Guangdong Province

Contact persons: Liu Dongmei, Ye Xuanrong

Telephone: 0753-2218286

Fax: 0753-2232983

Email: mysd@chinameiyan.com

Mailing address for letters: Office of the Board of Directors, Company, No. 58 South China Avenue, Meijiang District, Meizhou City, Guangdong Province, Postcode 514071

VI. Other matters

(I) Onsite meeting attendees should arrive at the meeting venue fifteen minutes before the meeting begins and bring original copies of relevant registration documents for verification of entry.

(II) Food, lodging, and transportation expenses for attending shareholders shall be borne by themselves.

This announcement is hereby made.

Guangdong Meiyan Jixiang Hydropower Co., Ltd.

Board of Directors

April 3, 2026

Attachment 1: Letter of Authorization

Letter of Authorization

Guangdong Meiyan Jixiang Hydropower Co., Ltd.:

Hereby appoint Mr. (Ms.) to represent this entity (or myself) to attend the Company’s 2025 Annual General Meeting of Shareholders to be held on April 23, 2026, and to exercise voting rights on behalf of the undersigned.

Number of ordinary shares held by the grantor:

Number of preferred shares held by the grantor:

Account number of the grantor shareholder:

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Signature (stamp) of grantor: Signature of proxy:

Identity card number of grantor: Identity card number of proxy:

Date of authorization: Year Month Day

Remarks:

The grantor shall, in the letter of authorization, select one option among “For,” “Against,” or “Abstain” and mark it with a “√”. If the grantor does not provide specific instructions in this letter of authorization, the proxy shall have the right to vote according to his/her own wishes.

Securities Code: 600868 Securities Short Name: Meiyan Jixiang Announcement No.: 2026-018

Guangdong Meiyan Jixiang Hydropower Co., Ltd.

Announcement on Using Idle Self-owned Funds to Purchase Financial Products

The Board of Directors of this Company and all directors guarantee that this announcement contains no false records, misleading statements, or material omissions, and assume legal responsibility for the truthfulness, accuracy, and completeness of the contents of this announcement in accordance with the law.

Highlights of Important Content:

● Type of investment: financial products with high safety, lower risk, and good liquidity.

● Investment amount: the investment limit shall not exceed RMB 300 million; within the authorized limit, the Company may make recurring investments and use on a rolling basis.

● Procedure for fulfilling the deliberation: Guangdong Meiyan Jixiang Hydropower Co., Ltd. (hereinafter referred to as “the Company”) held the second meeting of the 12th session of the Board of Directors on April 2, 2026 and approved the “Proposal on Using Idle Self-owned Funds to Purchase Financial Products”; this proposal does not require submission to the general meeting of shareholders for approval.

● Risk warning: The Company intends to purchase financial products with high safety, lower risk, and good liquidity. However, the financial market is significantly affected by macroeconomic factors, and there are risks such as market risk, policy risk, liquidity risk, and force majeure risks that may affect the financial investment. Investors are kindly requested to pay attention to investment risks.

I. Overview of Entrusted Financial Management in This Round

(I) Purpose of the entrusted financial management

To improve the efficiency of the Company’s fund utilization, and subject to not affecting the funds required for the Company’s normal production and business operations and ensuring fund safety, the Company plans to reasonably use part of its idle self-owned funds to purchase financial products, with the goal of increasing returns on funds and obtaining more investment returns for the Company and its shareholders.

(II) Investment额度 and term of the entrusted financial management

The Company plans to use idle self-owned funds not exceeding RMB 300 million (including this amount) to purchase financial products with good liquidity and high safety in due course. The usage period shall not exceed 12 months. Within the above amount and the effective period of the resolutions, it may be used on a rolling and recurring basis.

(III) Source of funds

Part of the Company’s and its subsidiaries’ temporarily idle self-owned funds.

(IV) Investment method

The types of financial products in which the Company invests with idle self-owned funds are financial products with high safety and good liquidity, including financial products issued by lawful financial institutions such as commercial banks, securities companies, fund companies, trust companies, and asset management companies. The Company’s cash management using idle self-owned funds will be carried out on the premise of not affecting the funds needed for the Company’s normal production and business operations and fund safety, and it will not have any adverse impact on the Company’s principal businesses and daily operations. The relevant parties from whom the Company purchases the financial products have no related-party relationship with this Company, and therefore do not constitute a related-party transaction.

(V) Effective term

No more than 12 months from the date of approval by the Company’s Board of Directors.

II. Deliberation procedure

On April 2, 2026, the Company held the second meeting of the 12th session of the Board of Directors. The meeting approved the “Proposal on Using Idle Self-owned Funds to Purchase Financial Products” with 7 votes in favor, 0 votes against, and 0 votes abstained. The approval includes agreeing to the Company’s use of idle self-owned funds not exceeding RMB 300 million (including this amount) to purchase financial products with good liquidity and high safety in due course, with a usage period not exceeding 12 months. Within the above amount and the effective period of the resolutions, it may be used on a rolling and recurring basis. The Company’s management level was authorized to handle specific implementation matters.

This proposal does not require submission to and approval by the Company’s general meeting of shareholders.

III. Analysis of Investment Risks and Risk Control Measures

(I) Investment risk analysis

The Company intends to purchase financial products with high safety, lower risk, and good liquidity. However, the financial market is significantly affected by macroeconomic factors, and there are potential situations where financial investments may be affected by risk factors such as market risk, policy risk, liquidity risk, and force majeure risks. Investors are kindly requested to pay attention to investment risks.

(II) Risk control

Before purchasing financial products, the Company will, through procedures such as assessment and selection, strictly prohibit the purchase of high-risk financial products with relatively lower safety and poorer liquidity.

1. The Company’s Finance Department will promptly analyze and track the investment direction and progress of the financial products. If potential risk factors are found, measures will be taken promptly to reduce losses.

2. The Company’s Audit Department will conduct periodic or non-periodic inspections, audits, and verification of financial management matters.

3. Independent directors have the right to conduct periodic or non-periodic checks on the Company’s financial products. If necessary, they may hire professional institutions for audits.

IV. Impact on the Company

The Company’s purchase of financial products using idle self-owned funds is implemented on the premise of ensuring the funds needed for the Company’s daily operations and fund safety. It will not have any adverse impact on the Company’s future principal businesses or financial position. Through appropriate cash management, it is beneficial for improving the efficiency of fund utilization, obtaining certain investment returns, providing better investment return for the Company and shareholders, and further improving the Company’s overall performance level.

This announcement is hereby made.

Guangdong Meiyan Jixiang Hydropower Co., Ltd.

Board of Directors

April 3, 2026

Securities Code: 600868 Securities Short Name: Meiyan Jixiang Announcement No.: 2026-013

Guangdong Meiyan Jixiang Hydropower Co., Ltd.

Resolution Announcement of the Second Meeting of the 12th Session of the Board of Directors

The Board of Directors of this Company and all directors guarantee that this announcement contains no false records, misleading statements, or material omissions, and assume legal responsibility for the truthfulness, accuracy, and completeness of the contents of this announcement.

Guangdong Meiyan Jixiang Hydropower Co., Ltd. (hereinafter referred to as “the Company”) held the second meeting of the 12th session of its Board of Directors on April 2, 2026 by means of onsite and communication voting. The meeting was scheduled to have 7 directors attending; 7 directors actually attended. Senior management members were invited to attend the meeting. The Company issued the notice to convene the meeting on March 20, 2025 by electronic and written means. The convening and holding of the meeting comply with the relevant provisions of the “Company Law” and the “Company Articles of Association.”

The meeting was chaired by Mr. Zhang Nengyong, the Chairman. After deliberation, the following resolutions were passed by voting by name:

I. Resolution passed: the Company’s “2025 Annual General Manager’s Work Report.”

Voting results: 7 votes in favor, 0 votes against, 0 votes abstained.

II. Resolution passed: the Company’s “2025 Annual Board of Directors’ Work Report.”

Voting results: 7 votes in favor, 0 votes against, 0 votes abstained.

This proposal needs to be submitted to the Company’s 2025 annual general meeting of shareholders for approval.

For details, please refer to the “2025 Annual Board of Directors’ Work Report” disclosed on the Shanghai Stock Exchange website on the same day.

III. Resolution passed: the Company’s “2025 Annual Financial Final Accounts Report.”

Voting results: 7 votes in favor, 0 votes against, 0 votes abstained.

IV. Resolution passed: the Company’s “2025 Profit Distribution Proposal.”

Voting results: 7 votes in favor, 0 votes against, 0 votes abstained.

For details, please refer to the “Announcement on the 2025 Profit Distribution Proposal” disclosed on the Shanghai Stock Exchange website on the same day.

This proposal needs to be submitted to the Company’s 2025 annual general meeting of shareholders for approval.

V. Resolution passed: the Company’s “2025 Annual Report” and its summary.

Voting results: 7 votes in favor, 0 votes against, 0 votes abstained.

Before submitting this proposal to the Board of Directors for deliberation, it had already been deliberated and approved by the Company’s Board of Directors’ Audit Committee.

For details, please refer to the “2025 Annual Report” and its summary disclosed on the Shanghai Stock Exchange website on the same day.

VI. Resolution passed: the Company’s “2025 Internal Control Evaluation Report.”

Voting results: 7 votes in favor, 0 votes against, 0 votes abstained.

Before submitting this proposal to the Board of Directors for deliberation, it had already been deliberated and approved by the Company’s Board of Directors’ Audit Committee.

For details, please refer to the “2025 Internal Control Evaluation Report” disclosed on the Shanghai Stock Exchange website on the same day.

VII. Resolution passed: the Company’s “Special Report on the Independent Directors’ Self-Check of Independence for 2025 by the Board of Directors.”

Voting results: 7 votes in favor, 0 votes against, 0 votes abstained.

For details, please refer to the “Special Report on the Independent Directors’ Self-Check of Independence for 2025 by the Board of Directors” disclosed on the Shanghai Stock Exchange website on the same day.

VIII. Resolution passed: the Company’s “2025 Performance of Duty Report of the Board of Directors’ Audit Committee.”

Voting results: 7 votes in favor, 0 votes against, 0 votes abstained.

For details, please refer to the “2025 Performance of Duty Report of the Board of Directors’ Audit Committee” disclosed on the Shanghai Stock Exchange website on the same day.

IX. Resolution passed: “The Company’s 2025 Assessment Report on the Engagement of the Accounting Firm and the Report by the Audit Committee on the Firm’s Fulfillment of Oversight Responsibilities.”

Voting results: 7 votes in favor, 0 votes against, 0 votes abstained.

For details, please refer to the “2025 Assessment Report on the Engagement of the Accounting Firm and the Report by the Audit Committee on the Firm’s Fulfillment of Oversight Responsibilities” disclosed on the Shanghai Stock Exchange website on the same day.

X. Resolution passed: the Company’s resolution on making provisions for asset impairment.

Voting results: 7 votes in favor, 0 votes against, 0 votes abstained.

For details, please refer to the “Announcement on Making Provisions for Asset Impairment” disclosed on the Shanghai Stock Exchange website on the same day.

XI. Resolution passed: resolution on using idle self-owned funds to purchase financial products.

Voting results: 7 votes in favor, 0 votes against, 0 votes abstained.

For details, please refer to the “Announcement on Using Idle Self-owned Funds to Purchase Financial Products” disclosed on the Shanghai Stock Exchange website on the same day.

XII. Resolution passed: resolution on revising the Company’s internal control system.

The Company will have the Board of Directors’ Audit Committee assume and exercise the relevant powers of the supervisory board as stipulated in the “Company Law.” The Company no longer maintains a supervisory board and supervisors. The provisions in the existing system involving matters related to the supervisory board and supervisors are no longer applicable. At the same time, in light of the Company’s actual operational and management needs, the Company will comprehensively revise its internal control system.

Voting results: 7 votes in favor, 0 votes against, 0 votes abstained

XIII. Resolution passed: resolution on the Company’s plan to provide guarantees to its subsidiaries.

Voting results: 7 votes in favor, 0 votes against, 0 votes abstained

This proposal needs to be submitted to the Company’s 2025 annual general meeting of shareholders for approval.

For details, please refer to the “Announcement on the Plan to Provide Guarantees to Subsidiaries” disclosed on the Shanghai Stock Exchange website on the same day.

XIV. Resolution passed: resolution on the reappointment of Shinewing Certified Public Accountants (Special General Partnership) as the Company’s auditing institution for 2026.

Voting results: 7 votes in favor, 0 votes against, 0 votes abstained

Before submitting this proposal to the Board of Directors for deliberation, it had already been deliberated and approved by the Company’s Board of Directors’ Audit Committee.

This proposal needs to be submitted to the Company’s 2025 annual general meeting of shareholders for approval.

For details, please refer to the “Announcement on the Reappointment of the Accounting Firm” disclosed on the Shanghai Stock Exchange website on the same day.

XV. Resolution passed on establishing a Business Development Department.

Voting results: 7 votes in favor, 0 votes against, 0 votes abstained

XVI. Resolution passed on the time, place, and agenda for convening the Company’s 2025 annual general meeting of shareholders.

Voting results: 7 votes in favor, 0 votes against, 0 votes abstained.

For details, please refer to the “Notice of Convening the 2025 Annual General Meeting of Shareholders” disclosed on the Shanghai Stock Exchange website on the same day.

XVII. The Company’s independent directors’ fulfillment report for 2025.

The Company’s Board of Directors heard the independent directors currently in office: Ms. Zhang Chunyan, Mr. Chen Yugang, and Mr. Liu Dahong, as well as the departing independent directors: Ms. Liu Eping, Mr. Liu Jixian, and Ms. Ni Jieyun, who submitted their “Independent Directors’ Performance of Duty Reports for 2025” to the Board of Directors, respectively. The above independent directors will present their reports at the 2025 annual general meeting of shareholders.

For details, please refer to the “Independent Directors’ Performance of Duty Reports for 2025” disclosed on the Shanghai Stock Exchange website on the same day.

This announcement is hereby made.

Guangdong Meiyan Jixiang Hydropower Co., Ltd.

Board of Directors

April 3, 2026

Securities Code: 600868 Securities Short Name: Meiyan Jixiang Announcement No.: 2026-014

Guangdong Meiyan Jixiang Hydropower Co., Ltd.

Announcement on the 2025 Annual Profit Distribution Proposal

The Board of Directors of this Company and all directors guarantee that this announcement contains no false records, misleading statements, or material omissions, and assume legal responsibility for the truthfulness, accuracy, and completeness of the contents of this announcement.

Highlights of Important Content:

1. Distribution ratio: Guangdong Meiyan Jixiang Hydropower Co., Ltd. (hereinafter referred to as “the Company”) has proposed for its 2025 profit distribution as follows: no cash dividends to be distributed, no bonus shares, and no conversion of capital reserve into share capital.

2. The profit distribution proposal for this time has been approved at the second meeting of the 12th session of the Board of Directors, and is still subject to submission to the Company’s 2025 annual general meeting of shareholders for approval.

3. The Company does not involve any circumstances under Item (8) of Paragraph 1 of Article 9.8.1 of the “Rules Governing the Listing of Stocks on the Shanghai Stock Exchange” that may lead to other risk warnings being implemented.

I. Content of the Profit Distribution Proposal

(I) Specific content of the profit distribution proposal

According to the audit report “XYZH/2026SZAA4B0078” issued by Shinewing Certified Public Accountants (Special General Partnership), the audited net profit of the parent company for 2025 was -1,361,997.68 yuan, and undistributed profits were 272,192,369.36 yuan; the consolidated statement shows that the net profit attributable to shareholders of listed companies for 2025 was

-97,090,047.63 yuan, and undistributed profits were -271,899,626.05 yuan.

Based on deliberation and approval at the second meeting of the 12th session of the Board of Directors, the Company’s 2025 annual profit distribution proposal is as follows: to not distribute cash dividends, not to issue bonus shares, and not to convert capital reserve into share capital.

This profit distribution proposal is still subject to submission to the Company’s 2025 annual general meeting of shareholders for approval.

(II) Whether it may involve other risk warning circumstances

Since the Company’s profits available for distribution to shareholders at the end of 2025 are negative, it does not involve the circumstances under Item (8) of Paragraph 1 of Article 9.8.1 of the “Rules Governing the Listing of Stocks on the Shanghai Stock Exchange (April 2025 Revised)” that may lead to other risk warnings being implemented.

II. Explanation of the Company’s failure to distribute profit for 2025

Since the Company’s profits available for distribution to shareholders at the end of 2025 are negative, taking into comprehensive account the Company’s business development strategy and the development plan for its future principal businesses, and to ensure the Company’s sustainable, stable, and healthy development, better safeguard the long-term interests of the Company and all shareholders, and ensure the Company has necessary and sufficient funds to implement the Company’s future operating plan and capital needs, the Company proposes not to distribute profit for 2025, and thus not to distribute cash dividends, not to issue bonus shares, and not to convert capital reserve into share capital.

III. Decision-making procedures fulfilled by the Company

On April 2, 2026, the second meeting of the 12th session of the Board of Directors approved the “Company’s 2025 Profit Distribution Proposal” with 7 votes in favor, 0 votes against, and 0 votes abstained, and agreed to submit the profit distribution proposal to the Company’s 2025 annual general meeting of shareholders for approval.

IV. Relevant Risk Warnings

This profit distribution proposal considers factors such as the Company’s future capital needs, and will not affect the Company’s normal operations, cash flows, or long-term development.

This profit distribution proposal is still subject to approval by the general meeting of shareholders before it can be implemented. Investors are kindly requested to make rational judgments and pay attention to investment risks.

This announcement is hereby made.

Guangdong Meiyan Jixiang Hydropower Co., Ltd.

Board of Directors

April 3, 2026

Securities Code: 600868 Securities Short Name: Meiyan Jixiang Announcement No.: 2026-016

Guangdong Meiyan Jixiang Hydropower Co., Ltd.

Announcement on the Plan to Provide Guarantees to Subsidiaries

The Board of Directors of this Company and all directors guarantee that this announcement contains no false records, misleading statements, or material omissions, and assume legal responsibility for the truthfulness, accuracy, and completeness of the contents of this announcement.

Highlights of Important Content:

● Name of guaranteed party: Guangzhou Guoce Planning Information Technology Co., Ltd., a controlling subsidiary (hereinafter referred to as “Guangzhou Guoce”). This guarantee is not a related-party guarantee.

● Guarantee amount: the estimated guarantee credit line to be provided for Guangzhou Guoce shall not exceed RMB 100 million.

● Counter-guarantee: will be determined based on the signing of future guarantee agreements.

● Cumulative number of overdue external guarantees: none.

● The ratio of guarantee credit line to the Company’s most recent audited net assets: 5.34%:

● Special risk warning: the guaranteed party Guangzhou Guoce has an asset-liability ratio exceeding 70%.

I. Overview of the guarantee

(I) Basic information on the guarantee

According to the needs of business development, Guangdong Meiyan Jixiang Hydropower Co., Ltd. (hereinafter referred to as “the Company”) plans to provide guarantees to Guangzhou Guoce, its controlling subsidiary, for situations related to providing credit lines to financial institutions and performance needed for business operations. The guarantee methods include, but are not limited to, guarantee, mortgage, or pledge. The guarantee credit line shall not exceed RMB 100 million. Within the authorized period, the credit line may be used on a rolling basis. The authorized effective period for this guarantee plan is 12 months from the date when this matter is approved by the general meeting of shareholders.

On April 2, 2026, the second meeting of the 12th session of the Company’s Board of Directors approved the “Proposal on the Company’s Plan to Provide Guarantees to Subsidiaries.” This proposal is still subject to submission to and approval by the Company’s 2025 annual general meeting of shareholders.

(II) Estimated basic information on the guarantee

■

II. Basic information on the guaranteed party

■

III. Main contents of the guarantee agreement

Apart from the guarantees already disclosed, the Company has not yet signed specific guarantee agreements at present. The total guarantee amount under the above plan is only the guarantee credit line proposed by the Company. The specific contents of the guarantee agreement, including specific guarantee amount, term, and other terms, within the scope of the above guarantee plan shall be subject to the actual guarantee agreements signed. The Company will promptly fulfill information disclosure obligations in accordance with the specific progress of guarantee occurrences.

IV. Necessity and reasonableness of the guarantee

This guarantee is intended to meet the production and operating needs of Guangzhou Guoce, the guaranteed party. Its operations are stable and it has no record of bad loans. Meanwhile, the Company has actual control over it in terms of operating management, financial management, and other aspects, and is able to effectively supervise and manage risks. This will not affect the normal conduct of the Company’s principal business, and there is no situation that harms the interests of all shareholders, especially the interests of minority shareholders.

V. Board of Directors’ Opinion

The second meeting of the 12th session of the Company’s Board of Directors approved the “Proposal on the Company’s Plan to Provide Guarantees to Subsidiaries” with 7 votes in favor, 0 votes against, and 0 votes abstained. The Board of Directors believes that providing guarantees to Guangzhou Guoce is beneficial for providing assurance for its business development, can promote its further development in production and operations, and is consistent with the Company’s overall interests. In addition, the Company can effectively control and prevent related risks.

This proposal is still subject to submission to the Company’s 2025 annual general meeting of shareholders for approval.

VI. Total accumulated external guarantees and overdue guarantees

As of the date of disclosure of this announcement, the total amount of external guarantees provided by the listed company and its controlling subsidiaries is RMB 315 million, accounting for 16.82% of the Company’s most recent audited net assets. The Company has no circumstances of providing guarantees to controlling shareholders and actual controllers and their related parties, and there are no overdue guarantees.

This announcement is hereby made.

Board of Directors of Guangdong Meiyan Jixiang Hydropower Co., Ltd.

April 3, 2026

Securities Code: 600868 Securities Short Name: Meiyan Jixiang Announcement No.: 2026-017

Guangdong Meiyan Jixiang Hydropower Co., Ltd.

Announcement on the Reappointment of an Accounting Firm

The Board of Directors of this Company and all directors guarantee that this announcement contains no false records, misleading statements, or material omissions, and assume legal responsibility for the truthfulness, accuracy, and completeness of the contents of this announcement.

Highlights of Important Content:

● Proposed reappointment of accounting firm: Shinewing Certified Public Accountants (Special General Partnership) (hereinafter referred to as “Shinewing”).

● This proposal is still subject to submission to and approval by the 2025 annual general meeting of shareholders of Guangdong Meiyan Jixiang Hydropower Co., Ltd. (hereinafter referred to as “the Company”).

I. Basic information on the accounting firm proposed to be engaged

(I) Information about the organization

1. Basic information

Name: Shinewing Certified Public Accountants (Special General Partnership)

Date of establishment: March 2, 2012

Form of organization: Special General Partnership

Registered address: Level 8, Tower A, Fuhua Building, No. 8 Chaoyangmen North Avenue, Dongcheng District, Beijing

Managing partner: Mr. Tan Xiaoqing

As of December 31, 2025, Shinewing had 257 partners (shareholders) and 1,799 certified public accountants. The number of certified public accountants who have signed audit reports for securities services business exceeds 700.

Shinewing’s business income for 2024 was RMB 2.59B (including unified operations). Among this, audit business income was RMB 976M and securities business income was RMB 136.67M. In 2024, Shinewing conducted annual report audit projects for 383 listed companies, with total fees of RMB 471 million. The main industries involved include manufacturing; information transmission, software, and information technology services; transportation, warehousing, and postal services; power, heat, gas and water production and supply; finance; culture and sports and entertainment; wholesale and retail; construction; mining; leasing and business services; water conservancy, environment and public facilities management, and others. The number of audit clients among listed companies in the same industry as the Company was 13.

2. Investor protection capability

Shinewing has purchased professional liability insurance in accordance with relevant laws and regulations. The combined total of the cumulative compensation limit under professional liability insurance and the professional risk fund exceeds RMB 200 million, and the professional risk fund accruals and/or purchase of professional liability insurance meet the relevant requirements.

(1) LeTV.com Information Technology (Beijing) Co., Ltd. securities false disclosure liability dispute case: in the first-instance judgment by the Beijing Financial Court ((2021) Jing 74 Min Chu No. 111), the court found that this firm shall bear joint and several compensation liability of 0.5% for the losses of plaintiff investors who had purchased LeTV.com shares after the relevant dates. The amount was over RMB 71.97M. This firm has filed an appeal, and as of now, the case is still in the second-instance litigation procedure.

(2) Suzhou Yangtze River New Materials Co., Ltd. securities false disclosure liability dispute case: in the first-instance judgment by the Suzhou Intermediate People’s Court ((2023) Su 05 Min Chu No. 1736), the court found that this firm shall bear joint and several compensation liability of 5% with an amount of about RMB 65.47M. As of now, the case is still in the second-instance litigation procedure.

(3) Hengxin Xili Industrial Co., Ltd. securities false disclosure liability dispute case: in the first-instance judgment by the Lhasa Intermediate People’s Court ((2025) Zang 01 Min Chu No. 11, 12), the court found that this firm shall bear joint and several compensation liability of 20% with an amount of about RMB 6.48M. The case has been concluded.

Apart from the above three items, in the past three years, Shinewing has not had any other cases where it assumed civil liability in related civil lawsuits due to professional conduct.

3. Integrity records

As of December 31, 2025, over the past three years, Shinewing Certified Public Accountants had received 0 criminal penalties, 3 administrative penalties, 21 supervisory management measures, 8 self-regulatory supervision measures, and 1 disciplinary action due to professional conduct. Among 76 practitioners, over the past three years, they had received 0 criminal penalties, 8 administrative penalties, 21 supervisory management measures, 11 self-regulatory supervision measures, and 2 disciplinary actions due to professional conduct.

(II) Project information

1. Basic information

Proposed signed project partner: Mr. Hou Guanglan. He obtained the PRC certified public accountant qualification in 2009. He began engaging in listed company auditing in 2009 and has been practicing at Shinewing since 2009. He began providing audit services for this Company in 2024. Over the past three years, he has signed and reviewed more than 5 listed companies.

Proposed project quality review partner: Mr. Tang Qimei. He obtained PRC certified public accountant qualification in 1996. He began engaging in listed company auditing in 2004 and has been practicing at Shinewing since 2019. He began providing audit services for this Company in 2023. Over the past three years, he has signed and reviewed 8 listed companies.

Proposed signed certified public accountant: Mr. Wu Yiyu. He obtained PRC certified public accountant qualification in 2015. He began engaging in listed company auditing in 2013 and has been practicing at Shinewing since 2012. He began providing audit services for this Company in 2024. Over the past three years, he has signed audit reports for 2 listed companies.

2. Integrity records

Over the past three years, the project partner and the project quality control reviewer have not been subject to any criminal penalties for professional conduct, nor have they been subject to any administrative penalties, supervisory management measures, or self-regulatory supervision measures or disciplinary actions by the CSRC or its dispatched institutions, industry competent authorities, securities trading venues, industry associations, or other self-regulatory organizations. During the performance of a client’s initial public offering of shares and listing on the Growth Enterprise Market project, the signed certified public accountant, due to issues such as insufficient execution of overseas client verification procedures, received a regulatory letter/self-regulatory supervision measure from the Shenzhen Stock Exchange’s listing review center on August 9, 2024. They were not subject to criminal penalties, administrative penalties, supervisory management measures, or disciplinary actions.

3. Independence

Shinewing Certified Public Accountants and professionals such as the project partner, signed certified public accountants, and the project quality review partner have no circumstances violating the requirements for independence under the “Code of Professional Ethics for Chinese Certified Public Accountants,” and the “Independence Requirements for CPA No. 1 — Audit and Review of Financial Statements.”

4. Audit fees

The proposed audit fees for 2026 are RMB 1.8 million, including RMB 1.1 million for financial statement audit and RMB 0.7 million for internal control system audit. The fees are determined based on the professional skills required, the nature of the work, and the workload undertaken by the accounting firm, using the required number of staff, number of days, and the daily fee rate per staff member.

II. Procedures for Reappointing the Accounting Firm

(I) Review opinions of the Audit Committee

The Company’s Board of Directors’ Audit Committee conducted sufficient understanding and review of Shinewing’s basic information, qualification to perform the work, personnel information, business scale, investor protection capability, independence, and integrity records. It unanimously considered that Shinewing has the experience and capabilities to provide audit services to listed companies and can provide the Company with fair, reasonable, and independent audit services, meeting the Company’s requirements for its audit work in 2026. The committee agreed to hire Shinewing Certified Public Accountants (Special General Partnership) as the Company’s financial report audit institution and internal control audit institution for 2026 and agreed to submit the proposal to the second meeting of the 12th session of the Company’s Board of Directors for deliberation.

(II) Deliberation and voting by the Board of Directors

On April 2, 2026, at the second meeting of the 12th session of the Company’s Board of Directors, the “Proposal on Reappointing Shinewing Certified Public Accountants (Special General Partnership) as the Company’s Audit Institution for 2026” was approved with 7 votes in favor, 0 votes against, and 0 votes abstained.

(III) Effective date

The reappointment of the accounting firm proposed in this matter is still subject to being submitted to and approved by the Company’s 2025 annual general meeting of shareholders, and shall take effect from the date when such approval is obtained by the shareholders.

This announcement is hereby made.

Guangdong Meiyan Jixiang Hydropower Co., Ltd.

Board of Directors

April 3, 2026

Securities Code: 600868 Securities Short Name: Meiyan Jixiang Announcement No.: 2026-015

Guangdong Meiyan Jixiang Hydropower Co., Ltd.

Announcement on the Company’s Recognition of Provisions for Asset Impairment in 2025

The Board of Directors of this Company and all directors guarantee that this announcement contains no false records, misleading statements, or material omissions, and assume legal responsibility for the truthfulness, accuracy, and completeness of the contents of this announcement.

Guangdong Meiyan Jixiang Hydropower Co., Ltd. (hereinafter referred to as “the Company”) held the seco