Investor Relations Activity Category

□ Targeted Research                   □ Analyst Conference               □ Media Interview                 □   Earnings Conference Call

□ Press Conference                        □ Roadshow Event                    □ On-site visit                  ☑ Other (2025 Shenzhen Jurisdiction Listed Companies’ Online Collective Investor Reception Day Event)

Name of Participating Organization

Investors who participated in the 2025 Online Collective Investor Reception Day for Listed Companies in the Shenzhen Jurisdiction via AllView Network

Time

Thursday, November 20, 2025, 2:30 PM–5:00 PM

Location

“Panoramic Roadshow” website (http://rs.p5w.net)

Name of the接待 personnel for the listed company

Chairman: Wu Xian
Independent Director: Wang Wenguang
Secretary of the Board and Deputy General Manager: Zhang Liang
Chief Financial Officer: Chen Yu

Overview of the Main Activities in Investor Relations

Questions Raised by Investors and the Company’s Responses

The company responded to the questions raised by investors during this event:

1. Could you provide a detailed overview of the company’s AI server thermal-management materials? Is this product a necessity or an optional feature for customers? Are there significant opportunities for substantial volume growth in the future? Given that AI-powered smartphones will also face thermal-management challenges, how is the company positioned in this space, and what is the competitive edge of its offerings? In thermal-management systems, are LCP materials considered core components, and what proportion of the overall cost do they represent?

Hello! In the server sector, air cooling will complement liquid cooling to form a comprehensive thermal management solution, tailored to meet the diverse needs of different customer applications. The company has already leveraged technological advancements to extend its server air-cooling solutions to mobile devices. Applications in the thermal management field. Currently, the company’s active thermal-management materials include standard-grade products, ultra-thin, high-flow formulations, carbon-fiber-reinforced antistatic grades, and air-cooled solutions with ultra-high rotational speeds exceeding 50,000 rpm per minute; LCP thermal-management materials represent one of these product lines. Thank you!

2. Could you please tell us by how much this year’s LCP material orders have increased compared with last year? What is the current production capacity of the Chongqing plant? Has the Huawei Mate 80 smartphone incorporated your company’s materials?

Hello! The company is seeing strong order momentum for LCP materials, and the 20,000-ton LCP resin polymerization production line at our Chongqing facility officially commenced operations in May of this year. Due to confidentiality requirements, we are unable to disclose specific details regarding downstream application customers. Thank you!

3. Does the company provide thermal management fan solutions for Huawei smartphones? Are these solutions in mass production?

Hello! Our company has collaborated with downstream customers to develop materials for multiple models of active cooling fans for smartphones, and several related smartphone models are now available on the market. Thank you!

4. Recently, leading smartphone manufacturers such as Huawei have equipped their latest models with LCP active cooling fans. Could you please provide information on the company’s market share in this segment? Is the company currently the industry leader?

Hello! Our company’s active thermal management materials include standard-grade products, ultra-thin, high-flow formulations, carbon-fiber-reinforced antistatic grades, and air-cooled solutions designed for ultra-high rotational speeds exceeding 50,000 RPM. Our downstream applications span a wide range of end products, including servers, smartphones, and laptops. Thank you!

5. What lightweight-related products does the company offer? Have these been deployed in downstream applications?

Hello! Based on customer needs, our company has successfully developed a range of lightweight materials that are widely used in various sectors, including the low-altitude economy, new-energy vehicles, and robotics. Our drone lightweight-material solutions have been successfully implemented in critical components across multiple application areas, such as drone propellers, airframes, gimbals, motors, and remote-control handles. These solutions not only help downstream and end customers effectively achieve their lightweighting objectives but also fully meet the demanding requirements of complex operating scenarios, including high strength, heavy payloads, corrosion resistance, and extended endurance. In addition, our PPS materials have been adopted in mass production for key components in new-energy vehicles, significantly enhancing the vehicle’s high-temperature resistance and overall lightweighting while securing a leading share of the core market among top-tier automakers. Meanwhile, our carbon-fiber composites have also been successfully applied in lightweight robotic structures, substantially improving the overall efficiency of moving parts. Thank you!

6. How does the company view the future market potential of emerging sectors such as robotics, the low-altitude economy, and AI servers? Which areas will the company focus on cultivating in the next phase?

Hello! Our company is highly focused on the application of polymer materials in emerging fields such as robotics, the low-altitude economy, and AI servers. We have already achieved the deployment of certain material products in these areas and are collaborating with customers to explore additional future application scenarios and conduct product validation.
Do it. Thank you!

7. Japan’s LCP material exports to China are primarily high-end, multi-series products from companies such as Polyplastics, covering categories like general-purpose reinforced grades, high-flow precision grades, and high-frequency, low-dielectric grades. Can Wote Shares’ high-end LCP materials fully replace these products?

Hello! Our company’s LCP materials have already been deployed in high-end applications for leading customers in the industry. Thank you!

8. Are the upstream raw materials for the company’s LCP thermal-management materials still dependent on imports? If supply from Europe and the United States were to be cut off, would this impact the company’s products?

Hello! The issue with the relevant raw materials has been resolved. Thank you!

9. With the commissioning of the company’s newly invested and constructed production capacity, is a substantial year-on-year increase in full-year revenue expected this year?

Hello! Please stay tuned for the Company’s subsequent announcements regarding its 2025 operating performance. Thank you!

10. What is this year’s revenue target, and can it be achieved as planned?

Hello! In the first three quarters of 2025, the company’s operating revenue increased by 9.87% year on year. Net profit attributable to owners of the parent company increased by 20.07% year on year, non-recurring net profit rose by 24.70% year on year, and operating cash flow grew by 15.49% year on year. With all business segments advancing steadily, a solid foundation has been laid for achieving the full-year targets. Thank you!

11. Are PEEK materials currently used in humanoid robots?

Hello! Currently, the usage of the relevant products is relatively low. Thank you!

12. Does the company’s graphene material have any application scenarios in thermal management?

Hello! Currently, the company’s carbon nanotube-based thermal-composite materials meet customers’ performance and cost requirements. Graphene-based thermal materials are not yet available for sale. Thank you!

13. Could you please provide information on the capacity utilization rates for the company’s newly built LCP and PEEK production facilities? Have these rates met the expected targets?

Hello! The company’s 20,000-ton LCP resin polymerization line and 1,000-ton PEEK resin polymerization line at its Chongqing base officially commenced production in May 2025 and have already achieved volume sales. With robust demand from downstream sectors such as 5G/6G, semiconductors, new-energy vehicles, and robotics, the company’s production capacity is expected to continue expanding. Thank you!

14. Compared with its peers, what are the company’s core competitive advantages in its semiconductor business portfolio?

Hello! Our company’s semiconductor business is primarily derived from the acquisition of a China-based manufacturing facility formerly owned by Japan’s Walka, a company with nearly a century of history. Our product portfolio includes liners, profiles, and seals for semiconductor equipment, serving leading domestic and international semiconductor equipment manufacturers. Our manufacturing processes and quality control capabilities are among the world’s most advanced. Thank you!

15. How significant are the performance and production-volume gaps between the company’s high-end LCP products and imported Japanese products? What is the likelihood of domestic substitution in this area?

Hello! Several of the company’s specialty polymer materials have already been successfully integrated into the domestic supply chains of leading Chinese customers, achieving localization. Moving forward, the company will deepen collaboration with its customers to continuously increase product penetration. Thank you!

16. Does your company have capabilities in market capitalization management?

Hello! The company places great emphasis on market capitalization management, consistently believing that market capitalization is the external manifestation of a company’s intrinsic value, which in turn stems from sustained profitability, the enhancement of core competitiveness, and sound corporate governance. The company… The Company will focus on its core business to continuously enhance its operating performance and core competitiveness, strengthen communication and engagement with investors, and ensure timely, accurate, and comprehensive information disclosure, thereby enabling the market to fully appreciate the Company’s investment value and aligning its market capitalization with its intrinsic value. Thank you!

17. Could you please tell us whether the company’s polymer materials have any application scenarios in the field of new-energy batteries? And does the company plan to pursue additional M&A deals in the semiconductor materials sector?

Hello! The company’s polymer materials have already been successfully applied in structural components for new-energy batteries, and we are concurrently exploring additional application scenarios. Meanwhile, the semiconductor materials segment has emerged as a new growth driver for the company’s future. We will actively monitor relevant industry opportunities; please refer to the company’s official announcements for specific details. Thank you!

18. Have the United States and Japan engaged in dumping of LCP products exported to China? In particular, does Japan’s high-end LCP continue to enjoy a significant market share advantage in China’s high-end niche segments?

Hello! Whether relevant foreign raw-material products constitute dumping is determined by the competent authorities of the respective countries. Our company’s materials products actively participate in international competition and have currently been recognized and adopted by leading global customers. Thank you!

19. DuPont of the United States and Wotter have significant overlap in downstream application scenarios for materials such as LCP, and DuPont’s accelerated localization of LCP production has created direct competition with Wotter. DuPont has a market capitalization of US$16 billion, while your company currently has a market cap of RMB 5 billion. Do you aspire to grow your market capitalization to RMB 50 billion? What strategic initiatives are in place to scale up and strengthen the company?

Good afternoon! The company has consistently adhered to a platform-based strategy for specialty polymer materials, striving to achieve high-quality development through technological innovation and market expansion. Market capitalization is a comprehensive reflection of the company’s operational performance. We continuously invest in R&D to strengthen our core technological capabilities, deliver high-quality products and services that meet customer needs, and deliver steady earnings growth as a return to our shareholders and society. Looking ahead, we will further deepen our platform-based strategy for specialty polymer materials, seize opportunities in emerging sectors, continually enhance supply-chain synergy and economies of scale, and drive sustained value creation for the company. Thank you!

20. Could you please tell us which month the LCP material orders for the Chongqing plant are scheduled to be fulfilled by? What is the current production capacity situation?

Hello! The company is seeing strong order performance for LCP materials. However, specific detailed data are considered proprietary business information and cannot be disclosed at this time. Thank you!

21. Could you please tell us about the current production status of your company’s Chongqing Changshou Branch Factory?

Hello! As the company’s synthetic production base, the Chongqing plant is advancing the commissioning of each product line in phases, in strict accordance with the company’s overall plan. This year, the newly added LCP production capacity has been successfully commissioned and has begun to supply customers on a bulk basis. We are supplying products to customers; meanwhile, PEEK products are gradually securing customer orders, with positive market feedback. Thank you!

22. Could you please tell us the company’s PEEK material production capacity in tonnes?

Hello! The company is planning and constructing a 1,000-ton capacity facility for the synthesis of polyaryletherketone (PAEK) resin. In May 2025, Phase I of the 1,000-ton-per-year PAEK resin project will enter formal production. Thank you!

23. The company’s LCP materials are used in thermal management solutions for AI servers, computers, smartphones, and other devices. What is the current status of their application?

Hello! All of the aforementioned products are currently in mass production, and our company is collaborating with customers to develop next-generation product solutions. Thank you!

24. Does the company have any additional collaboration platforms in the field of 3D printing? For example, DJI.

Hello! Our company’s products can be used as 3D printing consumables. Co-ordinated High-Tech, in which our company holds a stake, is the sole operating entity of the Shenzhen 3D Manufacturing Innovation Center. Thank you!

25. When will your company be able to offer margin trading and short selling? Do you have a plan in place?

Hello! Only listed companies that meet the relevant criteria may be designated as eligible securities for margin trading and short selling, and these criteria are influenced by a variety of factors. For specific details, please refer to the exchange’s announcements on adjustments to the list of eligible securities. Thank you!

26. Are the company’s fluorinated materials widely used in PCB boards?

Hello! Our company’s PTFE film has already been deployed on a large scale in the PCB industry. Thank you!

27. What effective measures has the company implemented in cash flow management? How will it ensure healthy cash flow to support future expansion?

Hello! The company has established a comprehensive customer credit assessment system and, through measures such as refined budget management and the strategic diversification of backup financing channels, ensures stable operations and high-quality growth. Thank you!

28. Could you please provide an update on the company’s progress toward its full-year operating targets? What are the outlooks for Q4 and next year?

Good afternoon! In the first three quarters of 2025, the company’s operating revenue increased by 9.87% year on year, net profit attributable to shareholders rose by 20.07%, non-recurring net profit grew by 24.70%, and operating cash flow expanded by 15.49%. All business segments are progressing steadily, laying a solid foundation for achieving the full-year targets. Looking ahead, driven by our forward-looking strategic positioning, the company is poised to enter a new phase of development. With growing demand in emerging sectors such as 5G communications, new energy, the low-altitude economy, semiconductors, AI servers, and robotics, coupled with increasingly stringent requirements from downstream customers for supply-chain self-reliance and controllability, the company—leveraging its deep technological expertise in specialty materials, its platform-based first-mover advantages, and its capability for continuous product iteration and optimization—is well positioned to further expand its market share amid the twin trends of domestic technology self-reliance and high-end manufacturing upgrades, thereby establishing a robust and sustainable foundation for continued earnings growth. Thank you!

List of Attachments (if any)

None

Date

November 20, 2025