厦门象屿:ReportforThirdQuarterof2023

Report for Third Quarter of 2023
Stock Code: 600057 Stock Abbreviation: Xiamen Xiangyu
Xiamen Xiangyu Co. Ltd.Report for Third Quarter of 2023
The Board of Directors and all Directors of the Company shall guarantee that there is no
false recordation misleading statement or material omission in contents of this
Announcement and shall assume the legal liability for authenticity accuracy and
completeness of such contents.Notes to Important Items:
The Board of directors the Board of Supervisors as well as Directors Supervisors and Senior
Management of the Company shall guarantee the authenticity accuracy and completeness of
the contents of the Quarterly Report without any false recordation misleading statement or
material omission and shall assume the joint and several legal liabilities.The person in charge of the Company the person in charge of financial affairs and the leading
member of the accounting body (the person in charge of accounting) shall guarantee the
authenticity accuracy and completeness of the financial information in the Quarterly Report.Whether the financial statements for the third quarter are audited or not
□Yes √No
I. Key financial data
(1) Key accounting data and financial indicators
Unit: million Yuan Currency: RMB
Changes on Changes
The same reporting From beginning The same reporting period
Current a YoY basis on a YoY
period of last year of the year to the of last year
Item reporting (%) basis (%)
end of reporting
period
Before After After period Before After After
adjustment adjustment adjustment adjustment adjustment adjustment
Operating
135085.30137607.92137607.92-1.83368634.67391758.58391758.58-5.90
revenue
1 / 17Report for Third Quarter of 2023
Net profit
attributable to
shareholders of 289.78 8 0 7 . 04 8 1 7 . 7 6 -64.56 1181.20 2 1 73.45 2205.62 -46.45
the listed
company
Net profit
attributable to
shareholders of
the listed
65.54990.431001.15-93.45200.172495.822527.98-92.08
company after
deducting the
non-recurring
profit and loss
Net cash flow
Not Not Not Not Not
from operating 1599.51 -3711.88 -3711.88
applicable applicable applicable applicable applicable
activities
Basic earnings
per share 0.10 0.36 0.36 -72.22 0.47 0.96 0.96 -51.04
(Yuan/share)
Diluted earnings
per share 0.10 0.34 0.34 -70.59 0.46 0.93 0.93 -50.54
(Yuan/share)
Weighted
Decreased Decreased
average return 1.62 5.67 5.67 7.12 15.26 15.26
by 4.05pp by 8.14pp
on equity (%)
Changes compared to the
At the end of reporting At the end of last year
end of last year (%)
period
Before adjustment After adjustment After adjustment
Total assets 126691.82 115056.41 115119.21 10.05
Owner’s equity
attributable to
the shareholders 20777.19 17091.57 17091.57 21.56
of the listed
company
Note: The “Current Reporting Period” means the period of three months from the beginning of
the current quarter to the end of the current quarter; the same as below.Remark:
2 / 17Report for Third Quarter of 2023
1. In the above statement the net profit attributable to the shareholders of the listed company in
the current reporting period includes the interests attributable to the holders of the perpetual
bonds in the reporting period in the amount of RMB 66 million; after deducting such interest the
amount of the net profit attributable to the shareholders of the listed company in the current
reporting period is RMB 224 million. When calculating the basic earnings per share the diluted
earnings per share the weighted average net return on equity and other key financial
indicators the perpetual bonds and the interests accrued thereon are deducted.
2. The Company implemented the provisions of the Interpretation No. 16 of AccountingStandards for Enterprises on “Accounting treatment on deferred income tax on assets andliabilities arising from individual transactions that is not subject to the initial recognitionexemption” and “Accounting treatment on income tax implications of dividends related tofinancial instruments classified by the issuer as equity instruments” and retrospectively
adjusted the relevant items of financial statements of the end of last year or the same period of
last year.
(2) Non-recurring profit and loss items and amounts thereof
Unit: Yuan Currency: RMB
Amount from beginning
Amount in current
Item of the year to the end of Remark
reporting period
the reporting period
Gain or loss on disposal 2966570.87 1817565.62
of non-current assets
The government 154125970.82 464290872.87 Including the amount of
subsidies (except for government subsidies
those closely related to received in previous years
the Company’s normal and apportioned in the
business operations in current period.line with national
policies and
continuously available at
certain standard quota or
ration) included in the
current profit and loss
Except for the effective -76618939.17 413446560.67 Mainly including the
hedging business related changes in fair value
to the Company’s normal recognized in profit or loss
business operations the and the gains and losses
3 / 17Report for Third Quarter of 2023
changes in fair value on disposal arising from the
recognized in profit or hedging against the
loss derived from holding fluctuation in commodity
trading financial assets price and exchange rate by
derivative financial the Company with futures
assets trading financial instrument and foreign
liabilities and derivative exchange contract in order
financial liabilities and to support the spot
the investment income operation of the main
obtained from disposal of business which are closely
trading financial assets related to the operating
derivative financial profit and loss of the main
assets trading financial business.liabilities derivative
financial liabilities and
other investments in
creditor’s right
Reversal of the 3405408.89 29299603.12
impairment provision for
receivables and
contractual assets for
which the impairment
tests are carried out
separately
Trustee fee from 1686320.76 5058962.26
entrusted operations
Other non-operating 71678263.28 124457685.52
incomes and expenses
than those mentioned
above
Less: Amount of income 47066125.78 318153571.18
tax consequence
Amount of minority -114061984.82 -260812032.47
equity consequence
(after tax)
Total 224239454.49 981029711.35
Note to the fact that the non-recurring profit and loss items are recognized as the recurring profitand loss items as set forth in the “Explanatory Announcement No. 1 on Information Disclosurefor Companies Offering Their Securities to the Public – Non-Recurring Profit and Loss”.□Applicable √Not Applicable
4 / 17Report for Third Quarter of 2023
(3) The circumstances and causes for occurrence of changes in the key accounting data and
financial indicators
√Applicable □Not Applicable
Proportion Main cause
Name of item of change
(%)
Net profit attributable to shareholders of the listed In the first three quarters of 2023 due to
-64.56
company_ current reporting period the sluggish domestic and foreign
Net profit attributable to shareholders of the listed demand commodity prices have shown
company_ from beginning of the year to the end of -46.45 downward trends. Therefore the
reporting period downstream customers’ demand and
Net profit attributable to shareholders of the listed profitability were under pressure
company after deducting the non-recurring profit and -93.45 resulting in the decline of the
loss_ current reporting period Company's gross profit from commodity
Net profit attributable to shareholders of the listed operations.company after deducting the non-recurring profit and
-92.08
loss_ from beginning of the year to the end of
reporting period
The increase in net cash flow from
Net cash flow from operating activities_ from Not operating activities was mainly due to
beginning of the year to the end of reporting period applicable accelerated capital recovery in the
supply chain business.Basic earnings per share (Yuan/share) _ current Mainly due to the decline of net profit
-72.22
reporting period attributable to shareholders of the listed
Basic earnings per share (Yuan/share) _ from company in current period.-51.04
beginning of the year to the end of reporting period
Diluted earnings per share (Yuan/share) _ current
-70.59
reporting period
Diluted earnings per share (Yuan/share) _ from
-50.54
beginning of the year to the end of reporting period
II. Information on shareholders
(1) The total number of common shareholders the number of preferred shareholders whose
voting rights are restored and the shares held by top ten shareholders
Unit: Share
Total number of
Total number of preferred shareholders whose
shareholders at the
49598 voting rights are restored at the end of the 0
end of the reporting
reporting period (if any)
period
5 / 17Report for Third Quarter of 2023
Shares holding by top 10 shareholders
Pledge Marking or
Number of
Proportion of Freezing
Nature of Number of Restricted
Name of Shareholder Shareholding
Shareholder Shares Held Shares Status
(%)
Held of Quantity
Share
Xiamen Xiangyu State-owned
1122603723 49.49 0 No 0
Group Corporation legal person
National Social
Security Fund Others 59000000 2.60 0 No 0
Portfolio 503
National Social
Security Fund Others 51530160 2.27 0 No 0
Portfolio 114
Xiamen CCRE Group State-owned
50226994 2.21 0 No 0
Co. Ltd. legal person
China Agricultural
Reclamation Industry
Others 43149000 1.90 0 No 0
Development Fund
(L.P.)
Hong Kong Securities
Overseas
Clearing Company 31279398 1.38 0 No 0
legal person
Ltd.Xiangyu Real Estate State-owned
30388100 1.34 0 No 0
Group Co. Ltd. legal person
China Merchants
Bank Co. Ltd. - SSE
Dividend Trading
Others 26639038 1.17 0 No 0
Open-ended Index
Securities Investment
Fund
Domestic
Guosen Securities non-state-ow
19169728 0.85 0 No 0
Co.Ltd. ned legal
persons
National Social
Security Fund Others 17712749 0.78 0 No 0
Portfolio 401
Shares holding by top 10 unrestricted shareholders
Class and number of shares
Name of Shareholder Number of unrestricted outstanding shares held Class of Number
shares
6 / 17Report for Third Quarter of 2023
RMB
Xiamen Xiangyu
1122603723 ordinary 1122603723
Group Corporation
shares
National Social RMB
Security Fund 59000000 ordinary 59000000
Portfolio 503 shares
National Social RMB
Security Fund 51530160 ordinary 51530160
Portfolio 114 shares
RMB
Xiamen CCRE Group
50226994 ordinary 50226994
Co. Ltd.shares
China Agricultural
RMB
Reclamation Industry
43149000 ordinary 43149000
Development Fund
shares
(L.P.)
Hong Kong Securities RMB
Clearing Company 31279398 ordinary 31279398
Ltd. shares
RMB
Xiangyu Real Estate
30388100 ordinary 30388100
Group Co. Ltd.shares
China Merchants
Bank Co. Ltd. - SSE
RMB
Dividend Trading
26639038 ordinary 26639038
Open-ended Index
shares
Securities Investment
Fund
RMB
Guosen Securities
19169728 ordinary 19169728
Co.Ltd.shares
National Social RMB
Security Fund 17712749 ordinary 17712749
Portfolio 401 shares
Note to association or Xiangyu Real Estate Group Co. Ltd. is a wholly-owned subsidiary of Xiamen Xiangyu
concerted action of Group Corporation. The Company is not aware that whether there is any association
aforesaid between the other aforesaid shareholders or whether the other aforesaid shareholdersshareholders are the person acting in concert as stipulated in the “Administration of the Takeover ofListed Companies Procedures”.
7 / 17Report for Third Quarter of 2023
Notes to participation
on top 10
shareholders and top
10 unrestricted
shareholders in Not applicable
securities margin
trading and
refinancing business
(if any)
III. Other reminders
Other important information on the Company’s operating conditions during the reporting period
that investors shall be reminded of
√Applicable □Not Applicable
Xiamen Xiangyu Group Co. Ltd. (hereinafter referred to as "Xiangyu Group") the controlling
shareholder of the Company plans to increase its holdings of the Company's shares through
the Shanghai Stock Exchange trading system in a centralized bidding transaction within 3
months from October 31 2023 with the total incremental amount between RMB 150 million and
RMB 200 million and the bidding price no more than RMB 8 per share. Xiangyu Group
guarantees that Xiangyu Group and the persons acting in concert shall not reduce their
holdings of the Company's shares during the statutory period and the implementation of the
shareholding increase plan.IV. Quarterly financial statements
(1) Type of auditor’s opinions
□Applicable √Not Applicable
(2) Financial statements
Consolidated Balance Sheet
As at September 30 2023
Prepared by: Xiamen Xiangyu Co. Ltd.Unit: Yuan Currency: RMB Type of Audit: Unaudited
Item September 30 2023 December 31 2022
Current assets:
Cash and cash equivalents 22219349504.31 19827796711.12
Deposit reservation for balance
Lending to Banks and Other Financial
8 / 17Report for Third Quarter of 2023
Institutions
Held-for-trading financial assets 751870606.43 538653027.86
Derivative financial assets 411155890.40 138164754.84
Notes receivable 116833183.50 185094125.58
Accounts receivable 20257006392.43 20933113354.93
Financing of receivables 502793855.84 629228282.61
Prepayments 27448769331.11 17410891830.39
Premiums receivable
Reinsurance accounts receivable
Provision of cession receivable
Other receivables 4438202668.43 4161774090.37
Including: Interests receivable
Dividends receivable 8438341.52 9772007.84
Redemptory monetary capital for sale
Inventories 28368202497.11 28520230746.65
Contract assets 522641108.04 751734648.98
Held-for-sale assets
Non-current assets due within one year 137691379.65 441411531.56
Other current assets 2622639153.24 3685310008.91
Total current assets 107797155570.49 97223403113.80
Non-current assets:
Loan and advance in cash
Investment in creditor’s right
Other investments in creditor’s right
Long-term receivables 3220000.00 1000000.00
Long-term equity investment 1546744821.61 1540300091.86
Investment in other equity instruments
Other non-current financial assets 144347323.39 131864209.36
Investment properties 1275314734.30 952156611.55
Fixed assets 10088058582.68 10146632651.99
Construction in progress 240722107.27 156422328.19
Productive biological assets
Oil and gas assets
Right-of-use assets 597996110.62 682921518.69
Intangible assets 2067661541.79 2003922574.33
Development expenditure 1211320.77 4181708.15
Goodwill 12669186.90 12669186.90
Long-term unamortized expenses 142603192.84 161514818.57
Deferred income tax assets 1791397808.73 1300458448.83
Other non-current assets 982717350.44 801759447.88
Total non-current assets 18894664081.34 17895803596.30
Total assets 126691819651.83 115119206710.10
9 / 17Report for Third Quarter of 2023
Current liabilities:
Short-term borrowing 19998586120.46 11959353120.86
Borrowings from central bank
Loans from other banks and other financial
institutions
Trading financial liabilities
Derivative financial liabilities 1053777757.18 634229744.63
Notes payable 24658054323.97 22379641249.44
Accounts payable 12630219090.73 15474006986.14
Account collected in advance 34328952.09 23973470.01
Contract liabilities 11950750790.11 9814717739.54
Financial assets sold for repurchase
Deposits from customers and interbank
Acting trading securities
Acting underwriting securities
Payroll payable 999615482.14 1513866366.33
Taxes payable 551002396.82 1088143594.54
Other payables 1489917665.77 4034085616.27
Including: Interests payable
Dividends payable 82016131.77 32959704.04
Handling charges and commissions payable
Accounts payable for reinsurance
Held-for-sale liabilities
Non-current liabilities due within one year 2984699144.62 1592931420.36
Other current liabilities 5653449275.69 2457156640.32
Total current liabilities 82004400999.58 70972105948.44
Non-current liabilities:
Provision for insurance contracts
Long-term borrowings 1819212447.97 3195496636.04
Bonds payable 2998492261.94
Including: Preferred shares
Perpetual bonds
Lease liabilities 230873891.44 262679235.20
Long-term payables 210451715.22
Long-term payroll payable 789847034.07 801127149.96
Estimated liabilities 8705609.52 10119882.43
Deferred income 270074883.21 284870248.05
Deferred income tax liabilities 211259613.87 202686720.51
Other non-current liabilities 1430000000.00
Total non-current liabilities 4970425195.30 7755472134.13
Total liabilities 86974826194.88 78727578082.57
Owner’s equity (or shareholders’ equity):
10 / 17Report for Third Quarter of 2023
Paid-up capital (or capital stock) 2268205992.00 2254093987.00
Other equity instruments 6118300000.00 2300000000.00
Including: Preferred shares
Perpetual bonds 6118300000.00 2300000000.00
Capital reserve 6241564330.12 6089010364.68
Less: Treasury stock 460513885.55 465765108.41
Other comprehensive income 154794754.77 131398941.62
Appropriative reserve
Surplus reserve 690741981.76 690741981.76
General risk reserve
Undistributed profits 5764098454.61 6092085505.05
Total owner’s equity (or shareholders’ equity) 20777191627.71 17091565671.70
attributable to parent company
Minority equity 18939801829.24 19300062955.83
Total owner’s equity (or shareholders’ 39716993456.95 36391628627.53
equity)
Total liabilities and owner’s equity (or 126691819651.83 115119206710.10
shareholders’ equity)
Person in charge of Company: Deng Qidong Person in charge of financial affairs: Qi
Weidong Leading member of accounting body: Lin Jing
Consolidated Income Statement
January – September 2023
Prepared by: Xiamen Xiangyu Co. Ltd.Unit: Yuan Currency: RMB Type of Audit: Unaudited
First Three Quarters (January – First Three Quarters (January
Item
September) of 2023 – September) of 2022
I. Total operating revenue 368634671437.87 391758578523.22
Including: Operating revenue 368634671437.87 391758578523.22
Interest income
Insurance premium earned
Handling charges and
commissions income
II. Total operating cost 367436722522.24 386646327930.95
Including: Operating cost 362698835985.33 382825413037.51
Interest expense
Handling charge and
commissions expense
Surrender value
Net payment of insurance
claims
11 / 17Report for Third Quarter of 2023
Net provision in insurance
reserve
Policy dividend
Amortized reinsurance
expenditures
Taxes and surcharges 397537672.44 466293280.56
Selling expenses 1507492932.69 1721322259.07
Administrative expenses 1151934258.69 917861645.09
Research & development 111775961.91 25904658.97
expense
Financial expense 1569145711.18 689533049.75
Including: Interest expense 1472252358.16 1240836592.83
Interest income 216869123.72 161056886.66
Add: Other income 469595415.92 373499258.19
Income from investment (Loss 237428534.88 -172659152.92
to be filled in with “-”)
Including: Income from 49735188.05 120219107.93
investment in associated enterprise
and joint venture
Income from -29647779.64 -97599805.16
derecognition of financial assets
measured at amortized cost
Profit or loss on exchange
(Loss to be filled in with “-”)
Net profit on exposure hedging
(Loss to be filled in with “-”)
Income from change in fair 105132346.76 -721563230.34
value (Loss to be filled in with “-”)
Loss on credit impairment -265326203.76 -70633462.81
(Loss to be filled in with “-”)
Asset impairment loss (Loss to -183034634.79 -559406568.91
be filled in with “-”)
Income from disposal of assets 3656865.33 23719537.16
(Loss to be filled in with “-”)
III. Operating profit (Loss to be filled in 1565401239.97 3985206972.64
with “-”)
Add: Non-operating income 163192725.57 307067609.19
Less: Non-operating expense 40474339.76 217387091.06
IV. Total profits (Total losses to be 1688119625.78 4074887490.77
filled in with “-”)
Less: Income tax expense 229453951.44 984910718.32
V. Net profit (Net loss to be filled in 1458665674.34 3089976772.45
with “-”)
12 / 17Report for Third Quarter of 2023
(I) Classified by sustainability operation
1. Net profit from sustainable 1458665674.34 3089976772.45
operation (Net loss to be filled in with
“-”)
2. Net profit from discontinued
operation (Net loss to be filled in with
“-”)
(II) Classified by attribution of ownership
1. Net profit attributable to the 1181200576.03 2205616005.22
shareholders of the parent company
(Net loss to be filled in with “-”)
2. Minority interest income (Net 277465098.31 884360767.23
loss to be filled in with “-”)
VI. Net-of-tax other comprehensive 42863570.43 332030149.87
income
(I) Net-of-tax other comprehensive 23395813.15 322058018.76
income attributable to the parent
company
1. Other comprehensive income
that cannot be reclassified as profit
and loss
(1) Amount of changes in
re-measurement of defined benefit
plans
(2) Other comprehensive income
that cannot be transferred to profit
and loss under the equity method
(3) Change in fair value of other
investments in equity instruments
(4) Changes in fair value of
enterprise’s own credit risk
2. Other comprehensive income 23395813.15 322058018.76
to be reclassified as profit and income
(1) Other comprehensive income -10475.10 -275917.58
that can be transferred to profit and
loss under the equity method
(2) Changes in fair value of other
investments on bonds
(3) Amount of financial assets
reclassified and included in other
comprehensive income
(4) Provision for credit
impairment of other investments in
13 / 17Report for Third Quarter of 2023
bonds
(5) Reserve for cash flow hedge -51008076.03 -13704450.00
(6) Translation difference of 74414364.28 336038386.34
foreign currency financial statements
(7) Others
(II) Net-of-tax other comprehensive 19467757.28 9972131.11
income attributable to the minority
VII. Total comprehensive income 1501529244.77 3422006922.32
(I) Total comprehensive income 1204596389.18 2527674023.98
attributable to the owners of the
parent company
(II) Total comprehensive income 296932855.59 894332898.34
attributable to the minority
VIII. Earnings per share:
(I) Basic earnings per share 0.47 0.96
(Yuan/share)
(II) Diluted earnings per share 0.46 0.93
(Yuan/share)
In case of the merger of enterprises under the same control occurring in the current period the
net profit realized by the merged party before the merger shall be RMB 0.00 and the net profit
realized by the merged party in the previous period shall be RMB 0.00.Person in charge of Company: Deng Qidong Person in charge of financial affairs: Qi
Weidong Leading member of accounting body: Lin Jing
Consolidated Cash Flow Statement
January – September 2023
Prepared by: Xiamen Xiangyu Co. Ltd.Unit: Yuan Currency: RMB Type of Audit: Unaudited
First Three Quarters First Three Quarters
Item (January – September) of (January – September) of
20232022
I. Cash flow from operating activities:
Cash receiving from sales of goods and 434863290609.69 442619625454.19
rendering of services
Net increase in customer deposit and deposit
from other banks
Net increase in borrowing from central bank
Net increase in funds borrowed from other
financial institutions
14 / 17Report for Third Quarter of 2023
Cash obtained by receipt of premiums from
original insurance contracts
Net cash received from reinsurance business
Net increase in deposit of insured and
investment
Cash received from interests handling
charges and commissions
Net increase in loans from other banks and
other financial institutions
Net increase in funds for repurchase
business
Net cash received from acting trading
securities
Refund of tax received 437890162.41 1073603152.73
Other cash received in relation to operating 1088570930.09 1751592485.09
activities
Subtotal of cash inflow from operating 436389751702.19 445444821092.01
activities
Cash paid for sales of goods and rendering 427362776096.62 440601153058.48
of services
Net increase in customer loans and
advances
Net increase in deposit in the Central Bank
and other banks
Cash paid for claims under the original
insurance contract
Net increase in lending to banks and other
financial institutions
Cash paid for interest handling charges and
commissions
Cash paid for policy dividend
Cash paid to and for the employees 1850356782.35 1472727889.55
Taxes paid 2285598011.74 2566655467.95
Other cash paid in relation to operating 3291510917.73 4516160120.71
activities
Subtotal of cash outflow from operating 434790241808.44 449156696536.69
activities
Net cash flow from operating activities 1599509893.75 -3711875444.68
II. Cash flow from investment activities
Cash receiving from investment withdrawal 4849062017.86 7174804557.11
Cash receiving from return on investment 87199295.74 175587638.87
Net amount of cash receiving from disposal 20763280.86 254724676.60
of fixed assets intangible assets and other
15 / 17Report for Third Quarter of 2023
long-term assets
Net amount of cash receiving from disposal 356643099.28
of subsidiary and other business unit
Other cash receiving related to investment 4250388.57
activities
Subtotal of cash inflow from investment 4961274983.03 7961759971.86
activities
Cash paid to acquire fixed assets intangible 960478969.15 191475209.40
assets and other long-term assets
Cash paid to acquire investment 1965031951.88 8662700619.49
Net increase in pledge loan
Net amount of cash paid to acquire
subsidiary and other business unit
Other cash paid related to investment 97904.00
activities
Subtotal of cash outflow from investment 2925608825.03 8854175828.89
activities
Net cash flow from investment activities 2035666158.00 -892415857.03
III. Cash flow from financing activities:
Cash received from investment by others 6492553593.24 8173666157.40
Including: Cash received from subsidiary 1583457537.24 7798746826.80
investments from minority shareholders
Cash receiving from borrowings 81142879901.43 93815076767.06
Other cash receiving related to financing 2114079779.30 6040522.65
activities
Subtotal of cash inflow from financing 89749513273.97 101994783447.11
activities
Cash paid for repayment of debt 79747609447.63 81520141115.38
Cash paid for distribution of dividend profit 3740252775.79 3051722905.92
or payment of interest
Including: Dividend and profit paid by 953670286.28 724293316.77
subsidiary to minority shareholders
Other cash paid relating to financing 5116259368.68 3863141097.91
activities
Subtotal of cash outflow from financing 88604121592.10 88435005119.21
activities
Net cash flow from financing activities 1145391681.87 13559778327.90
IV. Effect of exchange rate changes on cash 95027381.00 409581640.90
and cash equivalents
V. Net increase in cash and cash 4875595114.62 9365068667.09
equivalents
Add: Beginning balance of cash and cash 15648477435.10 10635311053.24
equivalents
16 / 17Report for Third Quarter of 2023
VI. Ending balance of cash and cash 20524072549.72 20000379720.33
equivalents
Person in charge of Company: Deng Qidong Person in charge of financial affairs: Qi
Weidong Leading member of accounting body: Lin Jing
The implementation of new accounting standards or the new interpretations to the accounting
standards since 2023 involves the adjustment of the financial statements at the beginning of the
year when they are implemented for the first time.□Applicable √Not Applicable
It is hereby announced.The Board of Directors of Xiamen Xiangyu Co. Ltd.October 30 2023