Third Anniversary of Listing: Letter to Shareholders | Riding the Momentum, Embarking on a New Journey

　　Dear Jinlv Environmental Shareholders:

　　In an era of rapid change, only those who adapt thrive! Amidst the surging wave of ecological civilization construction, the acceleration of "waste-free cities," and the realization of the "Beautiful China" blueprint, the environmental sanitation and protection industry is experiencing a golden age of technological advancement, model reconstruction, and value enhancement. On the third anniversary of the company's listing, we would like to express our sincerest gratitude to all shareholders who trust and support Jinlv Environmental!

　　This is an era where challenges and opportunities are deeply intertwined. We clearly recognize that: clinging to tradition is a risk, embracing intelligence is an opportunity; single-point breakthroughs are a risk, whole-region collaboration is an opportunity; extensive growth is a risk, lean management is an opportunity; passive following is a risk, active innovation is an opportunity.

　　The past three years have been a period of rapid development and firm transformation for Jinlv Environmental. We have deeply understood national policies and industry changes, focusing on the dual-core drive of "intelligent equipment manufacturing + digital environmental services," making steady progress and achieving remarkable results.

　　Strategic Upgrading, Blueprint for the Future

　　We firmly implement the core strategy of "One Core, Two Engines, Intelligent Future," using technological innovation as the engine, focusing on breakthroughs in new energy sanitation equipment and autonomous driving technology, accelerating the application of AI large models in sanitation scenarios, and strongly promoting the comprehensive upgrading of equipment to "electrification, intelligence, networking, and unmanned operation." While deeply cultivating the domestic market, the company is actively expanding its overseas business, achieving globalization through technological innovation and model output.

　　Value Foundation, Steady Growth

　　The operating foundation continues to be strengthened, and performance is steadily improving. In 2024, revenue reached 1.539 billion yuan, and net profit attributable to the parent company reached 141 million yuan; in the first quarter of 2025, the strong momentum continued, with revenue reaching 380 million yuan and net profit reaching 39 million yuan. The steady growth of operating indicators demonstrates excellent cost control and lean operation capabilities. The equipment sales network has deep coverage, and the service map continues to expand, laying a solid foundation for long-term development.

　　Intelligent Manufacturing Empowerment, Leading the Transformation

　　We continue to increase investment in research and development, making significant progress in key areas such as new energy equipment and intelligent sanitation equipment, with 116 newly authorized patents. The intelligent manufacturing base has achieved high-efficiency production, and the efficiency of the intelligent production line has increased significantly, continuously outputting efficient, low-carbon, and intelligent environmental operation equipment. The intelligent sanitation cloud platform continues to be upgraded, realizing intelligent and refined management of "people, vehicles, objects, and events," significantly improving operational efficiency and customer satisfaction, and driving a comprehensive upgrade of project operation efficiency and service quality.

　　Capital Support, Sharing Results

　　IPO proceeds are focused on three areas: intelligent upgrading of production lines, sanitation project operation, and the construction of a smart cloud platform. Share buybacks and equity incentive plans are being implemented in an orderly manner. We attach great importance to shareholder returns and have maintained annual cash dividends since listing, with a total of 103 million yuan in dividends over the past three years, accounting for 78.24% of the average net profit over the past three years, demonstrating our firm commitment to sharing development results with shareholders.

　　Looking to the Future with Confidence

　　The value of an enterprise lies not only in creating economic returns but also in serving society and people's livelihood. From improving the living environment to developing new energy equipment to implement "dual carbon" goals, from safeguarding urban cleanliness and safety to using AI to empower a new intelligent sanitation ecosystem, Jinlv Environmental always remembers its responsibilities, using professional strength to protect green mountains and clear waters, and intelligently creating a clean future. The country's determination to promote ecological civilization, develop new productive forces, and accelerate urban digital transformation remains unwavering. Jinlv Environmental will firmly grasp the strategic opportunities provided by the times, taking "intelligent upgrading" as the core engine, and moving forward resolutely:

　　◆ Deepen intelligent applications: Accelerate the deep integration and innovative application of AI, the Internet of Things, and big data in the entire sanitation chain to create an industry-leading intelligent brain.

　　◆ Expand intelligent services: Relying on the intelligent cloud platform, build more efficient, intelligent, and green whole-region environmental service solutions to lead the upgrade of service models.

　　◆ Consolidate core advantages: Continue to invest in research and development, maintain a leading position in cutting-edge fields such as new energy and autonomous driving, and build a technological moat.

　　◆ Optimize shareholder returns: Maintain steady operations, improve investor communication, and continuously create and share value.

　　Three Years of Innovation, Shared Journey

　　2025 is the closing year of the "14th Five-Year Plan" and a crucial year for Jinlv Environmental to embrace the intelligent wave and achieve leapfrog development. We firmly believe that with the strong support of our shareholders, and with our firm strategic determination and strong innovative momentum, Jinlv Environmental will surely move forward, creating an even brighter clean future, creating greater returns for shareholders, and contributing more outstanding value to society!

　　When all the sails have passed, looking back, the mountains and rivers are clean. The clean scroll we have built with our hard work will surely be the most moving poem dedicated to the times, and the new chapter belonging to Jinlv and all our fellow travelers is slowly unfolding towards the distance, accompanied by the clear wind and bright moon.

　　Jinlv Environmental Technology Co., Ltd.

　　July 15, 2025