深圳市深粮控股股份有限公司 SHENZHEN CEREALS HOLDINGS CO., LTD.

SEMI-ANNUAL REPORT 2026

【August 2026】

Section I. Important Notice, Contents and Interpretation

The Board of Directors, all directors, and senior executives of SHENZHEN CEREALS HOLDINGS CO., LTD. (hereinafter referred to as “the Company”) hereby confirm that there are no fictitious statements, misleading statements, or important omissions carried in this report, and shall take all responsibilities, individual and/or joint, for the reality, accuracy and completion of the whole contents.

Principal of the Company Wang Zhikai, Head of Accounting Lu Yuhe and Head of Accounting Institution (Accounting Supervisor) Lu Chengjun hereby confirm that the Financial Report of Annual Report 2025 is authentic, accurate and complete.

All Directors have attended the Board Meeting for deliberation of this Report.

Concerning the forward-looking statements with future planning involved in the annual report, they do not constitute a substantial commitment for investors. Securities Times, China Securities Journal， Shanghai Securities Journal and CNINFO Website (www.cninfo.com.cn) are the media appointed by the Company for information disclosure. All information of the Company disclosed in the above mentioned media should prevail. Investors are advised to exercise caution regarding investment risks.

The Company has analyzed the risk factors that the Company may exist and its countermeasures in the report. Investors are advised to read “Prospect for future development of the Company” in the report of Section III Management Discussion and Analysis. This report has been prepared in Chinese and English version respectively. In the event of difference in interpretation between the two versions, Chinese report shall prevail.

The Company has no plan of cash dividend distributed, no cash bonus and capitalizing of common reserves either carried out.

Contents

• Section I. Important Notice, Contents and Interpretation 2
• Section II Company Profile and Main Financial Indexes 6
• Section III Management Discussion and Analysis 9
• Section IV Corporate Governance, Environmental and Social Responsibilities 19
• Section V. Important Events 21
• Section VI. Changes in Shares and Particulars about Shareholders 25
• Section VII. Corporate Bonds 29
• Section VIII. Financial Report 30

Documents Available for Reference

• 1. Text of financial statement with signature and seals of legal person, person in charge of accounting works and person in charge of accounting institution;
• 2. Original and official copies of all documents which have been disclosed in the reporting period;
• 3. Original copies of semi-annual report 2026 with signature of the company’s principal.

Interpretation

Section II Company Profile and Main Financial Indexes

I. Company information

II. Person/Way to contact

Note: Mr. Chen Xiaohua, Secretary of the Board of the Company, has reached the statutory retirement age and submitted a written resignation report to the Company’s Board of Directors on July 31, 2026. As of the date hereof, the Company has not formally appointed a new Secretary of the Board. During this period, Mr. Wang Zhikai, the Chairman of the Company, shall act as Secretary of the Board on an interim basis. The above‑mentioned contact information remains unchanged.

III. Other information

1. Company contact information

Has the registered address, office address, postal code, website, email address, etc. of the company changed during the reporting period?

□ Applicable Not applicable The registered address, office address, postal code, website, and email address of the company remained unchanged during the reporting period. Please refer to 2025 annual report for details.

2. Information disclosure and location

Has the information disclosure and location changed during the reporting period?

□ Applicable  Not applicable The website and media name and website of the stock exchange where the company disclosed its semi-annual report, and the place of placement of the company’s semi-annual report remains unchanged during the reporting period, as detailed in 2025 annual report.

3. Other relevant information

Is there any change in other relevant information during the reporting period?

□ Applicable Not applicable

IV. Main accounting data and financial indexes

Is the Company required to retrospectively adjust or restate prior year’s accounting data?

 Yes  No

V. Difference of the accounting data under accounting rules in and out of China

1. Difference of the net profit and net assets disclosed in financial report, under both IAS (International Accounting Standards) and Chinese GAAP (Generally Accepted Accounting Principles)

 Applicable □Not applicable

In RMB

2. Difference of the net profit and net assets disclosed in financial report, under both foreign accounting rules and Chinese GAAP (Generally Accepted Accounting Principles)

□ Applicable Not applicable

3. Explanation on data differences under the accounting standards in and out of China; as for the differences adjustment audited by foreign auditing institute, listed name of the institute

□ Applicable  Not applicable

VI. Items and amounts of non-recurring gains/losses

Applicable □Not applicable

Other gains/losses that conform to the definition of non-recurring gains/losses:

In RMB

• □ Applicable  Not applicable

The Company does not have other gains/losses that conform to the definition of non-recurring gains/losses. Information on the definition of non-recurring gains/losses listed in the Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Non-recurring Gains/Losses as Recurring Gains/Losses

• □Applicable Not applicable The Company does not have any non-recurring gains/losses listed in the Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Non-recurring Gains/Losses as Recurring Gains/Losses.

Section III Management Discussion and Analysis

I. Main businesses of the Company during the reporting period

Main business of the Company includes the wholesale and retail business, food processing and manufacturing business, leasing and commerce service business. All business segments synergize to continuously optimize the industrial chain layout of grain, oil and food.

The wholesale and retail business primarily operates basic grain and oil products including wheat, rice, paddy, corn and edible oil, mainly satisfying production demand in downstream sectors including trading, feed processing, flour milling and rice processing. Terminal grain, oil and related food products mainly serve group meals of enterprises and public institutions, chain restaurant and daily consumption of community residents, covering both livelihood consumption and industrial supply.

The food processing and manufacturing business focuses on the processing and production of flour, rice, tea and plant extracts, beverages and condiments, and boasts a diversified brand matrix. Specifically, flour products include bread flour, special flour for pastries and steamed buns, and noodle flour to meet the demands of food processing enterprises and household cooking. Rice products cover the high-, medium- and low-end markets, suitable for daily consumption and gift-giving scenarios. Edible oil products adhere to the health concept to satisfy residents’ demand for a healthy diet. Tea and related products include tea leaves, fresh extracts, and instant tea, catering to both traditional tea drinking and convenient consumption needs. Its beverages are mainly chrysanthemum tea, lemon tea and others, covering end ‑user retail consumption. Condiments are mainly oyster sauce and pastes, serving catering and household cooking scenarios.

Leveraging its brand reputation, operational capacity and facility advantages accumulated in the grain and oil market, the leasing and commercial services business provides a full range of professional services to customers upstream and downstream the industrial chain, covering import and export trade of grain, oil, food and beverages, warehousing, logistics and distribution, quality inspection, information technology services, property leasing and management, and commercial operation management, so as to facilitate the efficient operation of the industrial chain and ensure food security and product quality. Centered on the model of “platform-based services + specialized operation”, the Company integrates industrial chain resources by relying on its core service carriers to provide customers with integrated solutions. Among others, the Dongguan Logistics Comprehensive Park integrates five coordinated functions including grain and oil terminals, transit and storage. As the “National Grain Quality Monitoring Station in Shenzhen, Guangdong”, Shenliang Quality Inspection provides professional quality inspection services. As a professional asset management platform, Shenliang Land Development is responsible for property leasing and commercial operation, forming a coordinated and efficient service system.

II. Core Competitiveness Analysis

The company enhances the endogenous power by deepening reform, strengthens the “extensive” development by innovation cooperation, and continuously upgrades and transforms the governance pattern, development quality, and guarantee ability, and has embarked on a path of sustainable and high-quality development through self-innovation, and become a highly competitive, innovative and influential backbone grain enterprise in the domestic grain industry.

1. Operation mechanism

The core management team of the company has rich experience, and has a strong strategic vision and pragmatic spirit. Combined with the actual development of the Company, formulated a set of effective mechanisms to promote the quality and efficiency of business development. . In business control, built a specialized operational management system that spans the entire value chain of procurement, warehousing, rotation and sale, through the own information management system, realizes link between the “operation” and “planning, capital, quality inspection, inventory, risk control and discipline” to effectively reduce the operational risks while fully participating in the market competition, and achieve deep integration of “ensuring grain security” and “promoting development”. Through deeply promotes the strategy of “talent strengthening the enterprises”, continuously innovative talent training mechanism to creates a high-quality talent supply chain, the company has established an open talent team to

meet the long-term development of enterprises and reserve intelligence for the enterprise upgrading and development. Through the innovative implementation of the performance appraisal mechanism, establish an incentive‑restraint assessment system featuring linkage between salary and performance as well as differentiated classified assessment, so as to stimulate the internal driving force for enterprise development. The company insists on cultivating and advocating the corporate culture with “people-oriented, performance first, excellent quality, and harmony” as the core values, combines the personal development goals of employees with the corporate vision, and enhances the cohesiveness and centripetal force of the enterprise.

2. Business model

The Company has a mature and efficient market-oriented grain and oil rotation mechanism. Through scientific control over inventory rotation cycles, grain and oil products can maintain consistent quality with regular stock renewal. While ensuring regional food security, the Company delivers improved economic returns and preserves and increases the value of state-owned assets. The company deeply engages in segmenting the target market, provides diversified product supply services for customers in different areas of the industry chain, establishes a multi-level product supply network covering online and offline, and realizes the transformation of product supply to “remoteness, intelligentization, and self-service”. In terms of grain and oil trading services, the bulk commodity trading platform www.zglsjy.com.cn created by its subsidiary Hualian Company efficiently integrates business flow, logistics, and information flow, improves circulation efficiency, and provides spot listings, one-way bidding, basis price, financing, logistics, quality inspection, information and other services for internal business units, suppliers and customers. In terms of ecommerce, SZCH Doximi actively promotes the development of new grain retail formats and the deep integration of online and offline e-commerce platforms. In terms of group meal supply, its subsidiary SZCH Big Kitchen has established a one-stop distribution service platform serving large end customers, providing high-quality and safe oil and grain services for group users such as enterprises, schools, and government institutions. For tea beverage processing, the Group’s subsidiary Shenbao Huacheng offers integrated solutions spanning product concept design through commercial realization to food industrial beverage customers and foodservice fresh brew clients. The product lineup includes whole-leaf tea, tea & plant extracts, concentrated tea liquids and instant tea, which has built up a well market reputation.

3. Brand reputation

As a state-owned grain enterprise that has been deeply involved in the grain industry for decades, the SZCH brand has been deeply integrated into the urban grain security system and formed a good market reputation among upstream and downstream customers. The Company is a state-level grain emergency support enterprise and a state-level leading enterprise supporting grain and oil industrialization, and has won many honors such as “China Top 10 Grain and Oil Group” and “Guangdong Provincial Government Quality Nomination Award”. The Company has been awarded the highest "A" rating for information disclosure of listed companies on the main board of Shenzhen Stock Exchange for five consecutive years, and its standardized operation level has been continuously recognized by the market. The reputation and industry reputation of state-owned enterprise formed by long-term market tests have provided strong support for the Company to expand the market and enhance its market competitiveness.

4. Information technology

The company attaches great importance to the transformation and upgrading of traditional industries with modern technological means, and actively introduces new-generation information technologies such as the Internet of Things, cloud computing, big data, and mobile Internet into grain management, forming an information system that can cover the entire industrial chain of the grain industry, and promoting the “Internet + Grain” industry development. The company took the lead in building the warehouse management of “standardization, mechanization, informatization, and harmlessness” in the industry, the self-developed “Grain Logistics Information System (SZCG GLS)” has built a framework for the construction of grain informatization work, innovated the grain management model, led the development direction of the grain industry, and became a benchmark for the national grain industry. The project was awarded the “National IoT Major Application Demonstration Project” by the National Development and Reform Commission and the Ministry of Finance. The company has undertaken a number of national-level research projects, the results of a number of informatization projects have won national, provincial and municipal awards, and dozens of information systems have been developed and are operating normally.

5. R&D capabilities

The company has strong R&D capabilities in the field of food and beverage, and gathers leading technological advantages and equipment systems.

The subsidiary Shenbao Huacheng owns the Jiangxi provincial enterprise technology center, Shenzhen municipal research and development center (technology center) and Shenzhen plant deep processing technology engineering laboratory and have obtained national high-tech enterprise certification. And also owns a number of patented technologies for tea powder, tea concentrated juice and plant extraction independently researched and developed, and published dozens of scientific papers. and won a number of awards such as Science and Technology Progress Award of the Ministry of Agriculture, Shennong Chinese Agricultural Science & Technology Award of the Chines Society of Agriculture, Science & Technology Achievement Award of Chinese Academy of Agricultural Sciences, Science and Technology Award of China National Light Industry Council, Zhejiang Science and Technology Award, Jiangxi Science and Technology Progress Award and Shenzhen Science & Technology Progress Award, etc., presided over or participated in the preparation of several national standards and industry standards.

6. Quality control

The company implements grain and oil quality standards that are higher than national standards. The subsidiary Shenliang Quality Inspection has been awarded honors including a National Level Grain Quality Monitoring Station, a National Grain and Oil Standard Verification and Testing Workstation, a National Master Studio for Reserve Skills, a Top Talent Studio in the Grain Industry of Guangdong Province, and Five-Star Rating in Site Management by the China Quality Association. It obtained the assessment certificate of agricultural product quality and safety inspection agency (CATL) and the qualification certificate of inspection agency (CMA),and passed the certification of a number of testing capability items. Shenliang Quality Inspection possesses leading grain and oil inspection technologies and equipment in China’ grain industry, lists pesticide residues, heavy metal pollutants, fungal toxins and other hygiene indicators as well as food taste indicators in the daily inspection indicators. It has the ability to detect four types of indicators of generic quality, storage quality, food security & quality and other four types of indicators of testing capacity. The detection capability can meet the relevant quality detection requirements of grain and oil products, and can accurately analyze the nutritional composition and hygienic indicators of the grain and determine its storage and edible quality. It has created the “digital laboratory” in the grain industry, real-time monitoring of the entire process of cuttings, testing, distribution, etc., relying on collaborative platforms to save, retrieve, integrate, analyze and share grain and oil testing data to achieve 100% coverage of grain & oil product inspection.

IV. Main business analysis

Overview

During the reporting period, the Company adhered to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era and the core of ensuring grain security and promoting development, solidly promoted the development planning, steadily implemented industrial upgrading based on its own industrial resources and actual business development, and realize steady progress in operating performance. By the end of June 2026, the Company's total assets were 8.014 billion yuan and the asset-liability ratio was 38.06%. In the first half of the year, the Company achieved operating income of 2.388 billion yuan, with a year-on-year increase of 0.14%, and the total profit was 188.00 million yuan, with a year-on-year decrease of 14.22%. In the first half of 2026, the Company resolutely took the main responsibility of regional grain security, successfully completed the warehousing task of Shenshan Grain Depot, to lay the foundation of grain security solidly; to strengthen the support of industrial chain, the Company strengthened the control of upstream grain sources through the construction of Shuangyashan Base, and continuously improved the supply chain coordination ability by the integration of ports and trades of Dongguan Logistics and Hualian Company, so as to optimize the integrated operation efficiency of "Production, Purchase, Storage, Processing and Sales”; the Company continued to promote the construction of major projects and empower industrial upgrading, to strengthen the foundation and supply chain. Facing the severe and complicated market situation, the Company focused on its main business and operation and scheduling, and persisted in tapping the potential inward and expanding outward, to ensure the healthy development of its businesses.

• (1) Held the main responsibility of grain storage firmly, and continuously consolidated the foundation of supply and demand. Focusing on the

core function of grain security and supply, the Company adhered to the combination of overall planning and fine management, and made simultaneous efforts in reserve services, warehousing layout, management and control system, quality and safety. In the first half of the year, the Company completed the Shenzhen-level grain and oil storage service with good quality and quantity, and completed the grain storage task of Shenshan Grain Depot one month ahead of schedule, to systematically improve the level of grain storage management; optimized the storage layout,

smoothly and efficiently completed the transfer of Sungang Grain Depot and the acceptance of Pingshan Grain Depot, and further rationalized the storage layout of finished grain in the city, to realize centralized management and control of core depots and overall allocation of resources, and significantly enhance the carrying capacity of core hubs; revised the quality and safety management methods of grain and oil, refined the service requirements of warehousing management, and improved the grain storage management and control system, to make the reserve management more refined and standardized; Smart Warehousing promoted intelligent depot closing and aerial inspection equipment, and Shenshan Grain Depot was awarded the national demonstration carrier of integrated application of green grain storage technology, to effectively implement the green grain storage. In the first half of the year, the Company successfully passed the special inspection of municipal grain and oil inventory, achieving the consistency of accounts and objects, to ensure safe and stable grain storage, and achieve standardized and effective warehousing management.

• (2) Focused on the main business and continuously consolidated the foundation. Oil and Fat Branch accurately judged the market conditions,

and seized the favorable price windows, to achieve double growth in revenue and profit year-on-year; China Union set up a "Production Area – Northern Port - Sales Area” corn logistics channel, to increase the sales of corn and rice, and the sales and gross profit margin of "Shenliang Shuangbao" rice simultaneously; Flour Company's integrated production and sales of wheat and flour was synergistic, to increase the sales of civil flour year-on-year, iterate over a variety of industrial special flour and add a number of large grain processing customers; the terminal throughput and container operation of Dongguan Logistics increased year-on-year, and the park completed large-scale property investment and introduced Yuanguxiang oat processing enterprise; Grain and Oil Purchase and Sales Branch deeply involved in the industrial rice track, and continued to expand the market outside the province, to increase the purchase and sales scale of imported rice; Big Kitchen focused on catering and group meal channels, to increase the sales of its own rice brands steadily; Shenbao Huacheng bound KA (heading tea brand) customers and deepened the cooperation of tea business, to realize the first sale of a number of new products in the market; Shenzhen Shenliang Food stabilized the inherent market, expanded new channels and the launched new products effectively; Doximi integrated the product resources in the system as a whole, to increase the sales income of retail business and private brand year-on-year.

• (3) Promoted project construction and stabilized growth momentum. Oil and Fat Branch cooperated to implement the Bright Edible Vegetable

Oil Reserve Project, and completed some key tasks such as industry selection and land delisting. Dongguan Logistics improved the multi-modal transportation supply chain system of grain and oil, accelerated the preliminary proposal of the Mayong Berth Construction Project, and continued to promote the construction of the core logistics nodes of Greater Bay Area's northern grain transportation to the south and imported raw grain transit; Shenbao Huacheng completed the installation and debugging of the new Quality Productivity Technology Upgrade Project of Beverage & Tea and Matcha Production Line Project, and actively promoted the construction of deep processing production line to enhance the competitiveness of tea products; Shenliang Property completed the renovation of key properties in Sungang and World Trade Plaza, to revitalize the idle property space, and continuously release the asset value.

• (4) Strengthened brand building and enhanced marketing synergy. According to the brand development plan, the Company took its

subordinate Doximi as the main body, promoted the construction of marketing integration, and focused on building the core brand of "Shenliang Doximi".Doximi sorted out the brand system in the system as a whole, integrated the product resources in the system, optimized the product matrix, improved the dual-channel system of online shopping malls and offline government and enterprise welfare purchase, participated in many largescale brand exhibition activities such as the Spring Festival Flower Market, the Asia-Europe Expo, etc., and promoted the products into the enterprises offline to achieve accurate customer expansion, won the well-known brand honor in Shenzhen and Bay Area, and continuously increased its brand influence and market penetration. With the two-wheel drive of "Health + Cultural and Creative”, Doximi launched low GI rice to enhance the added value of main grain products, and jointly launched "Five Elements Tea" ready-made tea and retail tea bags with Peking University Shenzhen Hospital. The sales quantity of the festival and creative gift box “Duanyang Naxi” reached a new high during the Dragon Boat Festival, and the series of "Rich Wedding Ceremony", "Four Happiness in Life" and "Happy Wine Ganhong" accurately covered the gift-giving banquet scenes. In the first half of the year, the sales income of retail business of Doximi increased by 18% year-on-year.

Year-on-year changes in major financial data

In RMB

There have been significant changes in the component or sources of profits during the reporting period of the company

□Applicable Not applicable There have been no significant changes in the composition or sources of profits during the reporting period of the company. Component of operating income

In RMB

Industries, products or regions that account for more than 10% of the operating income or operating profit of the Company  Applicable □Not applicable

In RMB

In the event that the statistical caliber of the company’s main business data is adjusted during the reporting period, the main business data of the company has been adjusted according to the caliber at the end of the reporting period in the past year.

□ Applicable Not applicable

IV. Analysis of non-main business Applicable □Not applicable

In RMB

V. Analysis of assets and liabilities

• 1. Major changes of assets component In RMB

2. Major oversea assets

□ Applicable  Not applicable

3. Assets and liabilities measured at fair value

 Applicable ☑ Not applicable

4. The assets rights restricted till end of the period

At the period-end, the monetary funds restricted to use, which are letter of credit deposit and guarantee deposit, amounted to 3,090,418.00 yuan.

VI. Investment analysis

1. Overall situation

 Applicable □ Not applicable

2. The major equity investment obtained in the reporting period

 Applicable ☑ Not applicable

3. The major non-equity investment performed in the reporting period

 Applicable ☑ Not applicable

4. Financial assets investment

• (1) Securities investment

 Applicable ☑ Not applicable The Company has no securities investment in the Period

• (2) Derivative investment

□ Applicable Not applicable The Company has no derivatives investment in the Period

5. Application of raised proceeds

□ Applicable Not applicable There was no use of raised funds during the reporting period of the company.

VII. Sales of major assets and equity

• 1. Sales of major assets

□ Applicable Not applicable The Company had no sales of major assets in the reporting period.

• 2. Sales of major equity

□ Applicable  Not applicable

VIII. Analysis of main holding companies and stock-jointly companies  Applicable □Not applicable

Particular about main subsidiaries and stock-jointly companies net profit over 10%

In RMB

Particular about subsidiaries obtained or disposed in reporting period Applicable ☑ Not applicable Explanation on main holding/stock-jointly companies:

Shenzhen Cereals Group Co., Ltd: Business scope: general business items: grain and oil purchase and sales, grain and oil storage; grain and oil and products management and processing (operated by branches); operation and processing of feed (operated by outsourcing); investment in grain and oil, feed logistics projects; establishing grain and oil and feed trading market (including e-commerce market) (market license is also available); storage (operated by branches); development, operation and management of free property; providing management services for hotels; investing and setting up industries (specific projects are separately declared); domestic trade; engaging in import and export business; E-commerce and information construction; and grain circulation service. Licensed business items: the following projects shall be operated only with the relevant examination and approval documents if they are involved in obtaining approval: information services (internet information service only); general

freight, professional transport (refrigerated preservation). Register capital is 1,530,000,000.00 yuan. As of the end of current period, total assets reached 7,197,185,248.30 yuan, and net assets amounted to 3,121,966,054.34 yuan, and shareholders’ equity attributable to parent company was 2,816,274,484.77 yuan; in the reporting period, the operation revenue, net profit and net profit attributable to shareholder of parent company were 2,065,408,539.25 yuan, 54,130,639.42 yuan and 54,004,301.48 yuan respectively.

IX. Structured vehicle controlled by the Company

□ Applicable  Not applicable

X. Possible risks and countermeasures

1. Risk of the procurement and sale price fluctuations of grain and oil

International geopolitical conflicts, extreme weather and other uncertain external factors may lead to large procurement and sale price fluctuations of grain and oil at home and abroad, with big structural differences. The aforementioned risks may affect the company's profitability and lead to fluctuations in inventory value.

The company will actively respond to the risk of grain and oil price fluctuations by strengthening market forecast, establishing strategic cooperation, refining procurement and sales management, strengthening internal coordination and optimizing product structure.

1. Food safety risks

"Quality and safety" is the lifeline of enterprise's sustainable development and an insurmountable red line. The regulatory authorities have promulgated a series of laws and regulations on food safety hazards, enterprise responsibilities, production management compliance, quality and safety inspection, risk monitoring and control, to implement the "Four Strictest" requirements of food safety management.

According to the regulatory requirements and the actual management, the company has issued and strictly implemented the Measures for the Administration of Food Quality and Safety of SZCH. As the superior system of the company's food safety management, the system covers the quality management of grain, oil and non-grain foods, comprehensively clarifies the responsibilities of key posts, and strengthens the supervision of key links, to ensure that food products meet the quality standards, hygiene standards and relevant regulations.

1. Risk of intensified market competition

As a representative enterprise of regional grain, oil and food business, the company still has a certain gap in scale and brand awareness compared with central enterprises and large multinational grain, oil and food enterprises. In the future, the competition in the grain, oil and food industry will become increasingly fierce. If the company cannot effectively promote its own brand and broaden its marketing channels, it may face greater risks under fierce market competition.

In view of possible market and operational risks, on the one hand, the company will make an overall plan for annual procurement and carefully optimize procurement channels, to ensure adequate and orderly supply of grain; on the other hand, the company will continue to strengthen communication with upstream and downstream customers in the industrial chain, vigorously expand sales channels, focus on customer needs, deepen brand and services, and enhance the brand value and competitiveness; in addition, the company will promote brand building, strengthen brand exchanges and cooperation within the industry, open up high-quality brand element resources, create unified brand application norms, and gradually establish brand advantages.

XI. The formulation and implementation of the market capitalization management system and valuation enhancement plan

Whether the company formulated a market capitalization management system or not?

☑Yes No Whether the company disclosed the valuation enhancement plan or not?

□Yes No

To strengthen the company's market value management, effectively promote the enhancement of the company's investment value, increase investor returns, and safeguard investor interests, the Market Value Management System was formulated in accordance with laws and regulations such as the Company Law, the Securities Law, the Measures for the Administration of Information Disclosure by Listed Companies, the Listed Company Supervision Guidelines No. 10 – Market Value Management, as well as the provisions of the Articles of Association and based on the actual situation of the company. It was reviewed and adopted at the 21st meeting of the 11th session of the Board of Directors. Its main contents include the basic principles of market value management, market value management institutions and personnel, main methods of market value management, monitoring and early warning mechanisms, and emergency measures. For details, please refer to the Market Value Management System disclosed on CNINFO Website (www.cninfo.com.cn) on October 28, 2025.

To enhance the Company’s investment value and capacity for shareholder returns, promote reasonable reflection of the Company’s intrinsic value in line with its operating fundamentals, boost investor confidence, safeguard the interests of all shareholders and facilitate high‑quality development of the Company, the Company has formulated a valuation‑enhancement plan covering operational improvement, cash dividend distribution, investor‑relations management, information disclosure and standardized operation. For details, please refer to the Company Valuation‑Enhancement Plan published on August 25, 2026 in the Securities Times, China Securities Journal, Shanghai Securities News and on CNINFO (www.cninfo.com.cn).

XII. Implementation of the Action Plan for “Double Improvement of Quality and Return”

Whether the company disclosed the Action Plan for “Double Improvement of Quality and Return” or not?

☑Yes No

Based on its actual operation, the Company formulated the Action Plan for "Dual Improvement of Quality and Return". It planned to improve corporate quality and shareholder return capacity by focusing on its core business, enhancing operation quality, improving corporate governance, attaching importance to shareholder return, strengthening investor communication, and conducting high-standard information disclosure. For details, please refer to the Announcement on the Action Plan for "Dual Improvement of Quality and Return" disclosed on CNINFO website (www.cninfo.com.cn) disclosed on April 28, 2026.

During the reporting period, various measures of the Company's action plan of "Double Improvement of Quality Returns" were solidly promoted. Firstly, the Company focused the main business and comprehensively enhanced its core competitiveness; secondly, the Company speeded up the cultivation of new quality productive forces and steadily enhanced comprehensive strength; thirdly, the Company continuously improved the corporate governance system and the standard operation level; fourthly, the Company continued to stabilize dividends and enhanced investors' sense of gain; Fifthly, the Company strengthened information disclosure and investment management, and actively conveyed the Company`s value. For details, please refer to the Company's Progress Report on the Action Plan of "Double Improvement of Quality Returns" published in the Securities Times, China Securities Journal, Shanghai Securities News and on CNINFO (www.cninfo.com.cn) disclosed on Aug. 25, 2026.

Section IV Corporate Governance, Environmental and Social Responsibilities

I. Changes in directors and senior executives

□Applicable  Not applicable There are no changes in directors and senior executives. Refer to 2025 annual report for details.

II. Profit distribution plan and capitalizing of common reserves plan for the Period

□Applicable Not applicable The Company has no plan of cash dividend distributed, no cash bonus and capitalizing of common reserves either carried out.

III. Implementation of the Company’s stock incentive plan, employee stock ownership plan or other employee incentives

□Applicable Not applicable The company didn’t implement stock incentive plan, employee stock ownership plan or other employee incentives.

IV. Environment information disclosure

Are the listed company and its major subsidiaries included in the list of enterprises required to disclose environment information in accordance with laws?  Yes □ No`

V. Social responsibility

In the first half of 2026, the Company thoroughly implemented the superior's decision-making arrangements on promoting the comprehensive revitalization of rural areas, actively integrated into the overall situation of the "Project for High-Quality Development of Hundreds of Counties, Thousands of Towns, and Ten Thousand Villages", to continuously consolidate and expand the achievements of poverty alleviation and effectively connect with rural revitalization. In terms of fixed-point assistance, based on the unified deployment of superiors, the selected backbone forces continued to participate in the assistance work of Longtian Town and Chaozhou Headquarters in Shantou City, to support the implementation of various tasks for local rural revitalization. In terms of industrial assistance, the Company focused on upstream planting, raw material purchase and sales channel construction, to promote industrial assistance in the whole chain. The subsidiary Hualian Company deeply involved in the construction of upstream bases, the subsidiary Shuangyashan Company jointly built a grain planting base with 597# Farm to deepen the exchange of industrial resources, enhance the traceability of products and build the brand of "Shenliang Shuangbao"; Shenbao Huacheng took bulk raw material purchase as an important starting point and purchased 134.75 tons of raw materials in the assistance regions of Yunnan in the first half of the year, to enhance some power into industrial development and increasing farmers' income in the regions. Doximi relied on "Xunwei Kitchen" to introduce 7

new products with regional characteristics, such as Volcanic rice, enriched the supply matrix of high-quality agricultural products, and relied on the platform of double shopping malls to carry out multiple marketing activities to enhance online shopping capacity, and simultaneously promoted offline activities in enterprises and institutions, to accurately meet the needs of B-end customers, and effectively expand the sales path of agricultural products in assistance regions.

The Company will continue to play the role of "from Field to Table" platform link, and promote the deepening of industrial assistance, to ensure regional grain security and help rural revitalization.

Section V. Important Events

I. Commitments completed in Period and those completed till the end of the Period from actual controller, shareholders, related parties, purchaser and companies

Applicable ☑ Not applicable

There are no commitments which are not completed in Period and those completed till the end of the Period from actual controller, shareholders, related parties, purchaser and companies.

II. Non-operational fund occupation by controlling shareholders and their related parties

□ Applicable  Not applicable No non-operational fund occupation by controlling shareholders and their related parties in period.

III. External guarantee out of regulations

□ Applicable  Not applicable No external guarantee out of the regulations occurred in the period.

IV. Appointment and dismissal of CPA

Has the semi-annual financial report been audited?

□ Yes ☑ No The company's semi-annual report has not been audited.

V. Explanation from the BOD, the board of supervisors and independent directors (if applicable) for “Qualified Audit Opinion” issued by CPA

□ Applicable Not applicable

VI. Explanation from the BOD for “Qualified Audit Opinion” of last period

□ Applicable Not applicable

VII. Bankruptcy reorganization

☑ Applicable Not applicable

On November 28, 2025, the Binjiang District People's Court of Hangzhou accepted the bankruptcy liquidation application of Shanghai Baoyan Catering Co., Ltd. for Hangzhou Fuhaitang Catering Management Chain Co., Ltd. (hereinafter referred to as "Fuhaitang Catering"), a wholly-owned subsidiary of the Company, and appointed the bankruptcy liquidation administrator on December 2, 2025. On December 16, 2025, the assets, account books and seals of Fuhaitang Catering were handed over to the bankruptcy liquidation administrator, and the industrial and commercial cancellation will be handled after the Binjiang District People's Court decides to declare the bankruptcy. By the end of the reporting period, Fuhaitang Catering had the total book assets of 122,000.00 yuan, the liabilities of 4,256,200.00 yuan and the net assets of -4,134,200 yuan, which were insolvent. The bankruptcy liquidation of Fuhaitang Catering will not affect the production and operation of the Company's existing businesses.

VIII. Lawsuits Material litigation and arbitration matters

□ Applicable ☑ Not Applicable

During the reporting period, the company has no material litigation or arbitration matters.

Other litigation matters

☑ Applicable □ Not Applicable

IX. Penalty and rectification

□ Applicable Not applicable No penalty and rectification for the Company in reporting period.

X. Integrity of the Company, its controlling shareholder and actual controller

□ Applicable Not applicable

XI. Major related transaction

1. Related transaction with routine operation concerned

□ Applicable  Not applicable The company had no related transaction with routine operation concerned at the end of the reporting period.

2. Assets or equity acquisition, and sales of assets and equity

□ Applicable  Not applicable The company had no assets or equity acquisition, and sales of assets and equity at the end of the reporting period.

3. Related transaction of joint external investment

□ Applicable Not applicable No related transaction of joint external investment occurred in the period

4. Related credits and liabilities

□ Applicable  Not applicable No related credits and liabilities occurred in period

5. Contact with the related finance companies

□ Applicable Not applicable There are no deposits, loans, credits or other financial businesses between the finance companies with associated relationship and related parties

6. Transactions between the finance company controlled by the Company and related parties

□ Applicable  Not applicable There are no deposits, loans, credits or other financial business between the finance companies controlled by the Company and related parties

7. Other major related transaction

□ Applicable Not applicable No other major related transaction in the Period.

XII. Significant contract and implementation

• 1. Trusteeship, contract and leasing

• 1) Trusteeship

□ Applicable Not applicable No trusteeship for the Company in reporting period

• 2) Contract

□ Applicable Not applicable No contract for the Company in reporting period

• 3) Leasing

□ Applicable Not applicable No leasing in the Period

• 2. Major guarantee

Applicable ☑ Not applicable There is no major guarantee in reporting period.

• 3. Entrusted financing

 Applicable ☑Not applicable There is no entrusted financing in reporting period.

• 4. Other material contracts

□ Applicable  Not applicable No other material contracts in the period.

XIII. Reception of research, communication and interview during the reporting period Applicable □Not applicable

XIV. Explanation on other significant events

Applicable ☑ Not applicable There are no other significant events to be enplaned.

XV. Significant event of subsidiaries of the Company

☑Applicable Not applicable

• 1. On March 31, 2026, the Company convened the 23rd meeting of the 11th session of its Board of Directors, deliberated and approved the Proposal on the Deliberating the Acquisition of 60% Equity in Shenzhen Shenyuan Data Tech. Co., Ltd., and agreed the Company’ s acquisition of 60% equity in Shenzhen Shenyuan Data Tech. Co., Ltd. For details, please refer to the Announcement on the Resolution of the 23rd Meeting of the 11th Session of the Board of Directors of the Company published on April 1, 2026 in the Securities Times, China Securities Journal, Shanghai Securities News and on CNINFO (www.cninfo.com.cn). As of the end of the reporting period, the delisting procedure for the acquisition of 60% equity in Shenyuan Data had been completed. The Company has signed a Property Rights Transaction Contract with the transferor and obtained the property rights transaction certificate issued by the Shanghai United Assets and Equity Exchange.
• 2. On April 24, 2026, the Company held the 24th meeting of the 11th session of its Board of Directors, deliberated and approved the Proposal on Capital Increase in Dongguan Shenliang Logistics Co., Ltd., approving that the Company and its wholly-owned subsidiary Shenzhen Cereals Group Co., Ltd (hereinafter referred to as “SZCG”) make a cash capital increase of 202.00 million yuan to Dongguan Shenliang Logistics Co., Ltd. (hereinafter referred to as “Dongguan Logistics”) in proportion to their respective existing equity holdings. For details, please refer to the Announcement on the Resolution of the 24th Meeting of the 11th Session of the Company’s Board of Directors published on April 28, 2026 in the Securities Times, China Securities Journal, Shanghai Securities News and on CNINFO (www.cninfo.com.cn). As of the end of the reporting period, the Company and SZCG had completed the capital increase in Dongguan Logistics in accordance with their equity ratios. The registered capital of Dongguan Logistics was increased from 298.00 million yuan to 500.00 million yuan.
• 3. On June 12, 2026, the Company convened the 25th meeting of the 11th session of its Board of Directors, which deliberated and approved the Proposal on Investment in the Shenzhen Edible Vegetable Oil Reserve Depot (Guangming) Project, approving the Company to invest in and construct the Shenzhen Edible Vegetable Oil Reserve Depot (Guangming) Project. For details, please refer to the Announcement on the Resolution of the 25th Meeting of the 11th Session of the Company’s Board of Directors and the Announcement on the Company’s Investment in the Shenzhen Edible Vegetable Oil Reserve Depot (Guangming) Project published on June13, 2026 in the Securities Times, China Securities Journal, Shanghai Securities News and on CNINFO (www.cninfo.com.cn). As of the end of the reporting period, Shenliang Hongli Grain and Oil (Shenzhen) Co., Ltd, the operating and implementing entity of the Project, had successfully obtained the land use right of the project plot through the land listing bidding procedure.

Section VI. Changes in Shares and Particulars about Shareholders

I. Changes in shares

1. Changes in shares Unit: Share

Reasons for changes in share

☑ Applicable  Not applicable

During the reporting period, the number of restricted shares held by Ms. You Hongxia, former supervisor of the Company, decreased. As a result, the Company’s restricted shares decreased by 2,500 shares and unrestricted shares increased by 2,500 shares at the end of the reporting period, while the Company’s total share capital remained unchanged.

Approval of changes in share

• □ Applicable  Not applicable

• Ownership transfer of changes in share
• □ Applicable  Not applicable

Implementation progress of share repurchase

• □ Applicable  Not applicable

Implementation progress of reducing repurchased shares by concentrated auction method

• □ Applicable  Not applicable

Influence of changes in share on basic EPS, diluted EPS as well as other financial indexes of net assets per share attributable to common shareholders of the Company in latest year and period

• □ Applicable  Not applicable

Other information necessary to be disclosed in the viewpoint of the Company or that required to be disclosed by securities regulators

• □ Applicable  Not applicable

2. Changes in restricted shares

☑ Applicable Not applicable

In share

II. Securities issuance and listing

□ Applicable Not applicable

III. Number of shareholders and particulars about shares holding Unit: Share

Shareholders with over 5% of shares, top ten shareholders, and top ten shareholders of unrestricted shares participate in the lending of shares through refinancing

• □ Applicable Not applicable

The top 10 shareholders and the top 10 shareholders of unrestricted tradable shares have changed compared to the previous period due to the reasons of lending/returning of shares through refinancing

• □Applicable Not applicable

Whether top ten common stock shareholders or top ten common stock shareholders of un-restrict shares have buy-back agreement dealing in reporting period or not?

• □ Yes  No

The top ten common stock shareholders or top ten common stock shareholders of un-restrict shares didn’t have buy-back agreement dealing in reporting period.

IV. Changes in shareholdings of directors and senior management

□ Applicable ☑ Not Applicable During the reporting period, there were no changes in the shareholdings of the company's directors and senior management. For details, please refer to 2025 annual report.

V. Changes in controlling shareholders or actual controllers

If the Company has previously disclosed that its actual controller is planning a change of control which has not yet been completed, please describe the progress of such change of control.

• □ Applicable ☑ Not Applicable Changes in controlling shareholders during the reporting period
• □ Applicable ☑ Not Applicable There were no changes in the company's controlling shareholders during the reporting period. Changes in actual controllers during the reporting period
• □ Applicable ☑ Not Applicable There were no changes in the company's actual controllers during the reporting period. VI. Matters related to preferred shares
• □ Applicable ☑ Not Applicable The company had no preferred shares during the reporting period.

• Section VII. Corporate Bonds
• □ Applicable Not applicable

Section VIII. Financial Report

I. Audit Report

Whether the semi-annual report is audited or not?

□Yes No The company's semi-annual financial report has not been audited.

II. Financial statements Statement in Financial Notes are carried in RMB/CNY.

1. Consolidated balance sheet

Prepared by SHENZHEN CEREALS HOLDINGS CO., LTD

June 30, 2026

In RMB

Legal representative: Wang Zhikai Person in charge of accounting works: Lu Yuhe Person in charge of accounting institute: Lu Chengjun

2. Balance Sheet of Parent Company

In RMB

3. Consolidated Profit Statement

In RMB

• As for the enterprise combined under the same control, the net profit achieved by the merged party before combination is*yuan and the net profit achieved by the merged party in last period is negative*yuan. Legal representative: Wang Zhikai Person in charge of accounting works: Lu Yuhe Person in charge of accounting institute: Lu Chengjun

4. Profit Statement of Parent Company

In RMB

5. Consolidated Cash Flow Statement

In RMB

6. Cash Flow Statement of Parent Company

In RMB

7. Consolidated Statement of Changes in Owners’ Equity

Current period

In RMB

Last period

In RMB

8. Statement of changes in owners’ equity of parent company

Current period

In RMB