Stock Code: 000761 Abbreviation: Bengang Bancai Announcement No.：2025-058

Bengang Steel Plates Co., Ltd.Third Quarter Report 2025

material omission.Important Notice:

1. The Board of Directors, the Supervisory Committee and the Directors, members of the Supervisory

Committee and senior management of the Company guarantee that there are no misrepresentationsor misleading statements, or material omission in this report, and individually and collectively acceptfull responsibility for the authenticity, accuracy and integrity of the information contained in thisreport.

2. The person in charge of the company, the person in charge of accounting work, and the person in

charge of the accounting organization (accounting officer), hereby confirm that the financial reportin this quarterly report is true, accurate and complete.

3. Whether the third quarter report is audited

□ Yes √ No

I. Summary of Financial Index

1. Summary of Accounting data and Financial index

Whether the Company makes retroactive adjustment or restatement of the accounting data of the previous year

√ Yes □ No

Reasons for retrospective adjustment or restatementBusiness Combination under Common Control

Currentreportingperiod

The same period of previous

year

decrease in

thisreportingperiod overthe previous

From thebeginning ofthis year tothe end ofthe currentreportingperiod

The same period of previous

year

decrease in

thisreportingperiod overthe previous

-11.35%

-12.47%

attributable

shareholdersof the listedcompany

-816,510,848.

-1,654,743,26

4.77

-1,651,401,06

6.67

50.56%

-2,215,788,62

9.71

-3,205,693,40

2.48

-3,192,607,07

4.11

30.60%

attributable

shareholders

companyafterdeductingnon-recurringgain/loss

-843,434,416.

-1,707,422,43

1.70

-1,707,421,08

8.70

50.60%

-2,293,814,21

2.61

-3,329,075,03

7.62

-3,329,075,03

7.62

31.10%

flowsgenerated byoperatingactivities

— — — —

-98,960,183.5

1,310,460,63

0.00

1,299,996,35

8.43

-107.61%

EPS(RMB/s

-0.198 -0.403 -0.402 50.75% -0.539 -0.78 -0.777 30.63%

-0.198 -0.403 -0.402 50.75% -0.539 -0.78 -0.777 30.63%

average

-8.04% -11.25% -11.06% 3.02% -20.54% -20.80% -20.44% -0.10%

At the end of the currentreporting period

At the end of previous year

end of this reporting period

attributabletoshareholdersof the listedcompany

9,646,598,322.03 11,887,217,861.48 11,887,217,861.48 -18.85%

2. Items and amount of non-recurring profit and loss

√ Applicable □ Not applicable

Unit: RMB YuanItems This reporting period

From the beginning of the yearto the end of the current period

NotesProfit or loss from disposal of non-current assets (including the write-offpart for which assets impairmentprovision is made)

42,206.65

-31,494,700.37

Details of government subsidiesrecorded into current profits and loss（except such government subsidyclosely related to the company’s normalbusiness operation, meeting the

constantly in certain quota or quantityaccording to a certain standard）

21,183,105.41

100,176,688.54

Reversal of impairment provisions forindividually tested receivables

10,820,884.61

21,641,769.22

Gains or losses from debt restructuring 35,922.98

43,138.62

Other non-operating revenue andexpenditure other than above items

-7,556,011.13

-2,815,692.16

Less: Impact of income tax -1,982,874.65

11,059,512.89

Impact of non-controlling interests(after tax)

-414,584.94

-1,533,891.94

Total 26,923,568.11

78,025,582.90

--Other circumstances can be defined as non-recurring profit and loss:

□ Applicable √ Not applicable

There is no other circumstances can be defined as non-recurring profit and loss.For the Company’s non-recurring profit and loss items as defined in “the Explanatory Announcement No.1 on informationdisclosure for Companies Offering their Securities to the Public-Non-recurring Profits and Losses” and its non-recurring profit andloss items as illustrated in “the Explanatory Announcement No.1 on information disclosure for Companies Offering their Securitiesto the Public-Non-recurring Profits and Losses” which have been defined as recurring profits and losses, it is necessary to explainthe reason.

□ Applicable √ Not applicable

None of Non-recurring profit and loss items recognized as recurring profit and loss items as defined by “the ExplanatoryAnnouncement No.1 on information disclosure for Companies Offering their Securities to the Public-Non-recurring Profits andLosses” in the report period.

3. Major Changes in Financial Data and Financial Index and Reasons

√ Applicable □ Not applicable

Items and reasons for the changes of more than 30% compared with the beginning of the year or compared with thesame period of the previous year in the consolidated statement:

1. Statement of Financial Position

Increase/Decrease

Reasons

Cash at bank and on hand -30.23%

Due to the decrease in the discount scale of thisperiod's bills and other factors.Notes receivable 43.67%

Due to the decrease in the discount scale of thisperiod's bills and other factors.Accounts receivable 56.04%

Due to changes in export sales and other factors inthis period.Accounts receivable financing 632.53%

Due to the decrease in the discount scale of thisperiod's bills and other factors.Prepayments 73.04%

Due to the increase in advance payment for rawmaterials and fuels for this period.Other receivables -96.80%

Due to the receipt of arrears, such as life belt showreceivables, etc.Short-term loans 67.95%

Due to the increase in short-term loans anddiscounted unexpired bills.Employee benefit payables 653.10%

Due to the increase in unused employee educationfunds provisioned in this period.Dividend payables -54.80%

Due to the payment made by holding subsidiary ofprevious year’s dividends to minority shareholders.Other payables 41.68% Due to the increase in project payables.Other non-current liabilities due withinone year

554.07% Due to the reclassification of convertible bonds.

Long-term loans 41.28%

Due to the increase in long-term bank loans obtainedin this period.Bonds payables

-

100.00%

Due to the reclassification of convertible bonds tonon-current liabilities due within one year.Other comprehensive income -42.47%

Fair value movement impact of other equityinstrument investments for the current period.Special reserves

1829.93

%

Due to the increase in special reserves alreadyprovisioned but not used.

2. Statement of comprehensive income

Increase

/Decrease

Reasons

Financial expenses 38.89%

Due to the increase in interest on interest-bearingliabilities and exchange losses.

Asset impairment losses

-

356.20%

Due to the reversal of inventory impairment.Credit impairment losses 135.70%

Due to the provision for bad debts of accounts

receivable.Income on investment 44.00%

Due to the decrease in the discount scale of this

period's bills and other factors.Asset disposal gains -99.97% Due to a decrease in asset disposal.Non-operating income -67.06%

Due to the decrease in insurance compensation and

gains from fixed asset scrapping.

3. Statement of cash flows

Increase/Decrease

Reasons

Tax rebate received -90.42% Due to the decrease in tax rebate received.Net cash flows from operating activities

-

107.61%

Due to the decrease in cash sales and notes discounts.Net cash received from disposal of fixedassets, intangible assets and other long-term assets

1795869.

82%

Due to the recovery of foreign exchange during the

current period from disposal of assets previously.Cash paid for acquisition of fixed assets,intangible assets and other long-termassets

90.00%

Due to the increase in foreign exchange for

purchasing and constructing long-term assets.Net cash flows from investing activities -86.34%

Due to the increase in the purchase and construction

of long-term assets and foreign exchange paid for

investment.Proceeds from borrowings 53.54% Due to the increase in bank loans obtained.Cash payments for distribution ofdividends, profit or interest expenses

77.69%

Due to the increase in profit distribution and interest

payment.Net cash flows from financing activities

2039.74

%

Due to the increase in bank loans obtained.Net increase in cash and cash equivalents 238.87% Due to the increase in bank loans obtained.II. Shareholders Information

1. Total number of common shareholders, preferred shareholders whose voting rights

restored, and shareholding of top 10 shareholders

Unit: ShareTotal number of commonshareholders at the end of thereporting period

46,600

The total number of preferredshareholders whose voting rights hasbeen restored at end of the reportingperiod（if any）

Shareholding by Top 10 shareholders (excluding shares loaned through refinancing)Name of the Nature of Proportion of

Amount ofNumber of shares pledged/frozen

shareholder shareholder

shares held sharesrestricted shares

held

State of share Quantity

(Group) Co., Ltd.

State-

person

58.65%

2,409,628,094

Frozen 102,100,000

Bengang GroupCo., Ltd.

State-

person

17.95%

737,371,532

Not applicable 0

Guan Hui

Domesticnaturalperson

0.68%

28,000,000

Not applicable 0

Zhang Wenyou

Domesticnaturalperson

0.43%

17,662,365

Not applicable 0

Lyu Ruijun

Domesticnaturalperson

0.30%

12,289,200

Not applicable 0

Hong KongSecurities

Ltd.

Overseaslegal person

0.27%

11,007,761

Not applicable 0

Ma Yonghua

Domesticnaturalperson

0.24%

10,033,357

Not applicable 0

Gao Tao

Domesticnaturalperson

0.24%

10,000,000

Not applicable 0

Zhou Wei

Domesticnaturalperson

0.24%

9,696,700

Not applicable 0

Tang Linlin

Domesticnaturalperson

0.21%

8,800,000

Not applicable 0

Shareholding of top 10 shareholders of unrestricted shares (Excluding shares lent through refinancing and shares locked by senior

executives)Name of the shareholder

Number of non-restricted common shares held at the

period-end

Category of sharesCategory of shares Quantity

Ltd.

2,409,628,094

Common shares inRMB

2,409,628,094

Bengang Group Co., Ltd. 737,371,532

Common shares in737,371,532

RMBGuan Hui 28,000,000

Common shares in

RMB

28,000,000

Zhang Wenyou 17,662,365

Common shares in

RMB

17,662,365

Lyu Ruijun 12,289,200

Domestically listed

foreign shares

12,289,200

Company Ltd.

11,007,761

Common shares in

RMB

11,007,761

Ma Yonghua 10,033,357

Domestically listed

foreign shares

10,033,357

Gao Tao 10,000,000

Domestically listed

foreign shares

10,000,000

Zhou Wei 9,696,700

Common shares in

RMB

9,696,700

Tang Linlin 8,800,000

Common shares in

RMB

8,800,000

Related-parties or acting-in-concert parties among theabove-mentioned shareholders

Benxi Steel & Iron (Group) Co., Ltd. and Bengang Group Co., Ltd. are related parties and action-in-concert parties as defined in “Measures for the Administration of the Takeover of ListedCompanies” . It is unknown to the Company whether there is any other related parties or action-in-concert parties as defined in “Measures for the Administration of the Takeover of ListedCompanies”among the above-mentioned shareholders.Shareholders among the top 10participating in securitiesmargin trading (if any)

Zhang Wenyou holds 5,998 shares of the company through an ordinary securities account, andholds 17,656,367 shares of the company through an investor's credit

shares of the company through an investor's credit securities account. Tang Linlin holds8,800,000 shares of the company through an investor's credit securities account.Shareholders holding more than 5% of the shares, the top 10 shareholders and the top 10 shareholders of unrestricted tradableshares participating in the refinancing business and lending shares

□ Applicable √ Not Applicable

The top 10 shareholders and the top 10 shareholders of unrestricted tradable shares have changed compared with the previousperiod due to lending/repayment of refinancing

□ Applicable √ Not Applicable

2. Total Number of Preferred Shareholders and Shareholding of Top 10 Preferred

Shareholders

□ Applicable √ Not applicable

III. Other Major Events

√ Applicable □ Not applicable

On June 20, 2023, the company disclosed the "Major Asset Replacement and Related Transaction Plan"to carry out asset replacement with Benxi Iron and Steel Company, intending to acquire 100% equity ofBenxi Iron and Steel (Group) Mining Co., Ltd., and intending to dispose of all assets and liabilities ofthe listed company except for retained assets and liabilities. The difference between the assets to beacquired and the assets to be disposed of shall be made up by one party to the other in cash. At present,the company is conducting further demonstration and communication and negotiation on the transactionplan. After the relevant matters are determined, the company will convene the board of directors againfor deliberation.IV. Quarterly Financial Statements

1. Financial Statements

(1) CONSOLIDATED STATEMENT OF FINANCIAL POSITION

Prepared by: Bengang Steel Plates Co., Ltd.September 30, 2025

Unit: YuanItems Ending balance Beginning balanceCurrent assets:

Cash at bank and on hand

1,712,179,489.27

2,453,888,470.48

Settlement provisions

Capital lent

Financial assets held for trading

Derivative financial assets

Notes receivable

872,455,531.79

607,279,481.42

Accounts receivable

782,506,098.49

501,484,081.73

Accounts receivable financing

471,751,134.05

64,399,942.70

Prepayments678,027,193.19

391,823,135.87

Premium receivable

Reinsurance accounts receivable

Receivable deposit for reinsurancecontract

Other receivables:

4,765,377.99

149,015,138.26

Including: Interest receivables

Dividend receivables

Redemptory financial assets for sale

Items Ending balance Beginning balanceInventories

7,146,120,035.19

7,333,084,694.27

Including: data assets

Contract assets

Assets classified as held for sale

Non-current assets due within one year

Other current assets

482,703,046.03

437,081,260.66

Total current assets12,150,507,906.00

11,938,056,205.39

Non-current assets:

Loan and advances issued

Debt investments

Other debt investments

Long-term receivables

Long-term equity investments

44,800,493.99

45,413,221.72

Other equity instrument investments

886,757,692.57

933,426,254.63

Other non-current financial assets

Investment properties

Fixed assets26,064,132,012.43

26,426,320,453.57

Construction in progress5,046,959,207.72

3,934,442,501.50

Productive biological assets

Oil and gas assets

Right of use assets

1,704,657,075.22

1,685,925,710.14

Intangible assets

386,433,292.04

394,780,068.68

Including: data assets

Development expenditure

Including: data assets

Goodwill

Long-term deferred expenses

Deferred tax assets383,420,623.82

371,234,449.79

Other non-current assets

63,102,773.13

86,297,275.16

Total non-current assets

34,580,263,170.92

33,877,839,935.19

Total assets

46,730,771,076.92

45,815,896,140.58

Current Liabilities:

Short-term loans

623,179,035.07

371,055,490.50

Items Ending balance Beginning balanceLoan from central bank

Absorbed deposit and interbank deposit

Financial liabilities held for trading

Derivative financial liabilities

Notes payable

12,162,230,977.36

12,982,703,669.86

Accounts payable

3,438,989,468.14

2,761,759,439.36

Advance from customers

59,327.21

Contract Liabilities3,560,564,920.73

2,908,598,425.73

Financial assets sold for repurchase

Deposits from customers and interbank

Acting trading securities

Acting underwriting securities

Employee benefits payable

13,352,947.60

1,773,068.35

Current tax liabilities

45,288,234.41

54,070,097.83

Other payables

3,336,213,496.29

2,354,694,200.01

Including: Interest payables

Dividend payables45,054,305.70

99,687,100.35

Handling charges and commissionpayable

Reinsurance accounts payable

Liabilities held for sale

Non-current liabilities due within oneyear

6,740,227,985.03

1,030,502,916.66

Other current liabilities

341,215,657.44

328,981,058.74

Total current liabilities

30,261,262,722.07

22,794,197,694.25

Non-current liabilities:

Provision for insurance contract

Long-term loans4,085,655,636.51

2,891,941,462.40

Bonds payable

5,569,899,459.53

Including: Preferred stock

Perpetual bond

Lease liabilities

1,675,372,218.54

1,633,911,586.51

Long-term payables

Long-term employee benefits payables

Items Ending balance Beginning balanceEstimated liabilities

Deferred income

173,715,862.24

173,919,087.47

Deferred tax liabilities

254,228,254.24

252,893,530.26

Other non-current liabilities

Total non-current liabilities

6,188,971,971.53

10,522,565,126.17

Total liabilities

36,450,234,693.60

33,316,762,820.42

Shareholders’ equity:

Share capital4,108,234,988.00

4,108,228,157.00

Other equity instruments

947,844,698.67

947,850,195.03

Including: Preferred stock

Perpetual bond

Capital reserves

13,225,652,138.96

13,225,632,166.95

Less: treasury shares

Other comprehensive income

-133,075,474.37

-93,407,196.62

Special reserves

15,625,711.01

809,649.65

Surplus reserves

1,195,116,522.37

1,195,116,522.37

General risk reserves

Undistributed profits-9,712,800,262.61

-7,497,011,632.90

Total equity attributable to equity holders ofthe parent company

9,646,598,322.03

11,887,217,861.48

Non-controlling interests

633,938,061.29

611,915,458.68

Total shareholder’s equity10,280,536,383.32

12,499,133,320.16

Total liabilities and shareholder’s equity46,730,771,076.92

45,815,896,140.58

Legal Representative: Huang Zuowei Person in charge of accounting: Liu Tiecheng Accounting Dept. Leader: E Jianan

(2) CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FROM THE BEGINNING OF

THE YEAR TO THE END OF THE CURRENT REPORTING PERIOD

Unit: Yuan

Items Current Period Previous Period

1. Total operating income

35,200,834,025.70

40,214,610,054.66

Including: Operating income 35,200,834,025.70

40,214,610,054.66

Interest income

Premium earned

Income from handling charges

Items Current Period Previous Periodand commission

2. Total operating cost 37,453,193,556.63

43,421,772,425.32

Including: Operating cost 36,391,267,201.93

42,399,247,663.38

Interest cost

Expenditure for handling chargesand commission

Surrender value

Net expenditure for compensation

Net provision for insurancecontract appropriated

Bonus payment for policy

Reinsurance premium

Taxes and surcharges 155,564,063.78

153,151,382.44

Selling and distribution expenses 92,001,137.07

108,019,990.87

General and administrativeexpenses

464,341,927.18

494,830,793.70

Research and developmentexpenses

54,752,626.05

53,925,267.51

Financial expenses 295,266,600.62

212,597,327.42

Including: interest expenses 309,697,561.12

295,000,248.90

Interest incomes 26,689,803.89

31,499,958.19

Add: Other incomes 154,366,417.48

141,548,112.50

Income on investment ("-" for loss) -22,695,482.30

-40,524,050.79

Including: Income from associates andjoint ventures

-612,727.73

Income from derecognition

of financial assets measured at amortised cost

-2,505,428.74

Exchange Income ("-" for loss)

Hedging income from net exposure (“-"for loss)

Gains from the change in fair value (“-"for loss)

Expected credit losses (“-" for loss) -12,677,662.88

35,515,359.27

Asset impairment losses (“-" for loss) 36,671,170.60

-14,313,228.28

Assets disposal gains（“-” for loss） 3,008.85

11,020,778.49

Items Current Period Previous Period

3. Operating profit ("-" for loss)

-2,096,692,079.18

-3,073,915,399.47

Add: Non-operating income 13,540,857.60

41,106,155.16

Less: Non-operating expenses47,854,258.98

50,847,144.88

4. Total profit ("-" for loss) -2,131,005,480.56

-3,083,656,389.19

Less: Income tax expenses32,724,492.30

54,795,869.13

5. Net Profit ("-" for loss) -2,163,729,972.86

-3,138,452,258.32

(1) Classification by continuing

operating

1 Net profit from continuingoperation ("-" for loss)

-2,163,729,972.86

-3,138,452,258.32

2 Net profit from discontinuedoperation ("-" for loss)

(2) Classification by ownership

1 Net profit attributable to theowners of parent company

-2,215,788,629.71

-3,192,607,074.11

2 Net profit attributable to non-controlling shareholders

52,058,656.85

54,154,815.79

6. Other comprehensive income after tax -39,668,277.75

Other comprehensive income attributable toowners of parent company after tax

-39,668,277.75

1) Other comprehensive income items

that will not be reclassified into gains/losses

-39,668,277.75

(1) . Re-measurement of defined

benefit plans of changes in net debt or netassets

(2) . Other comprehensive income

under the equity method cannot be reclassifiedinto profit or loss

(3). Changes of fair value of other

equity instrument investments

-39,668,277.75

(4). Changes in the fair value of

the company's own credit risk

(5). Others

2) Other comprehensive income that will

be reclassified into profit or loss

(1) . Other comprehensive income

under the equity method can be reclassified

Items Current Period Previous Periodinto profit or loss

(2). Gains and losses from fair

value changes of other debt investments

(3). Gains and losses resulting

from reclassification of financial assetsrecognised in other comprehensive income

(4). Credit impairment losses of

other debt investments

(5). Effective portion of gains or

losses from cash flow hedging

(6). Translation differences in

foreign currency financial statements

(7). Others

Other comprehensive income attributable tonon-controlling shareholders after tax

7. Total comprehensive income -2,203,398,250.61

-3,138,452,258.32

Total comprehensive income attributableto owners of parent company

-2,255,456,907.46

-3,192,607,074.11

Total comprehensive income attributableto non-controlling shareholders

52,058,656.85

54,154,815.79

8. Earnings per share:

1) Basic earnings per share -0.539

-0.777

2) Diluted earnings per share -0.539

-0.777

The current business combination under common control, the net profits of the combined party before achieved: 0 Yuan, net profitof previous period of the combined party realized: 0 Yuan.Legal Representative: Huang Zuowei Person in charge of accounting: Liu Tiecheng Accounting Dept. Leader: E Jianan

(3) CONSOLIDATED STATEMENT OF CASH FLOWS FROM THE BEGINNING OF THE YEAR TO

THE END OF THE CURRENT PERIOD

Unit: Yuan

Items Current Period Previous Period

1. Cash flows from operating activities:

Cash received from sale of goods orrendering of services

38,842,429,425.11

42,616,477,825.56

Net increase of customers’ deposit andinterbank deposit

Net increase of loan from central bank

Items Current Period Previous PeriodNet increase of loans from otherfinancial institutions

Cash received for premium of originalinsurance contract

Net cash received for reinsurancebusiness

Net increase of deposit and investmentof the insured

Net increase of Financial assets at fairvalue through profit or loss

Cash from receiving interest, handlingcharge and commission

Net increase of loans from otherfinancial institutions

Net increase of fund for buy-backbusiness

Tax rebate received9,630,463.34

100,527,760.34

Other cash received relating tooperating activities

148,554,958.96

153,221,070.41

Subtotal of cash inflows from operationactivities

39,000,614,847.41

42,870,226,656.31

Cash paid for goods and services 37,084,963,204.13

39,423,557,861.60

Net increase of customer’s loan andadvances

Net increase of deposit in central bankand interbank deposit

Cash for payment of compensation fororiginal insurance contract

Net increase in funds lent

Cash for payment of interest, handlingcharge and commission

Cash for payment of policy bonus

Cash paid to and on behalf ofemployees

1,430,321,392.67

1,505,397,400.28

Cash paid for all types of taxes 283,327,290.53

345,924,915.56

Other cash paid relating to operatingactivities

300,963,143.58

295,350,120.44

Items Current Period Previous PeriodSubtotal of cash outflows from operationactivities

39,099,575,030.91

41,570,230,297.88

Net cash flows from operating activities -98,960,183.50

1,299,996,358.43

2. Cash flows from investing activities:

Cash received from return oninvestments

Cash received from distribution ofdividends or profit

Net cash received from disposal offixed assets, intangible assets and other long-term assets

87,183,020.00

4,854.37

Net cash received from disposal ofsubsidiary and other operating units

Other cash received relating toinvesting activities

Subtotal of cash inflows from investingactivities

87,183,020.00

4,854.37

Cash paid for acquisition of fixedassets, intangible assets and other long-termassets

1,410,008,415.92

742,099,442.88

Cash paid for acquisition of investments

60,000,000.00

Net increase of mortgage loan

Net cash paid for acquisition ofsubsidiary and other operating unit

Other cash paid relating to investingactivities

Subtotal of cash outflows from investingactivities

1,470,008,415.92

742,099,442.88

Net cash flows from investing activities -1,382,825,395.92

-742,094,588.51

3. Cash flows from financing activities:

Proceeds from investment 29,400,000.00

Including: Proceeds from investment ofnon-controlling shareholders of subsidiary

29,400,000.00

Proceeds from borrowings 4,206,897,823.71

2,740,000,000.00

Other proceeds relating to financingactivities

2,707,393,578.90

2,928,779,109.74

Subtotal of cash inflows from financing6,943,691,402.61

5,668,779,109.74

Items Current Period Previous Periodactivities Cash repayments of borrowings 3,065,289,832.66

2,558,590,268.00

Cash payments for distribution ofdividends, profit or interest expenses

436,417,933.62

245,601,803.85

Including: Cash paid to non-controllingshareholders as dividend and profit bysubsidiaries

109,257,912.53

Other cash payments relating tofinancing activities

2,728,904,662.57

2,901,348,657.05

Subtotal of cash outflows from financingactivities

6,230,612,428.85

5,705,540,728.90

Net cash flows from financing activities 713,078,973.76

-36,761,619.16

cash and cash equivalents

17,036,249.85

20,142,085.80

5. Net increase in cash and cash equivalents -751,670,355.81

541,282,236.56

Add: Cash and cash equivalents at thebeginning of the period

1,590,205,218.91

1,199,685,408.38

6. Cash and cash equivalents at the end of

the period

838,534,863.10

1,740,967,644.94

2. Adjustments to beginning balance due to the first-time implementation of new accounting

standards from 2025

□ Applicable √ Not applicable

3. Audit report

Whether the third quarter report is audited

□ Yes √ No

The third quarter report is not audited.

Board of Directors of Bengang Steel Plates Co., Ltd.

October 29, 2025