【Hotai Industrial】Correction to the Company's 2025 Individual and Consolidated Financial Reports and Related Filing Information

1. Date of occurrence of the event: 2026/05/13 2. Company name: Hotai Industrial Co., Ltd. 3. Relationship with the company (please enter 'this company' or 'subsidiary'): This company 4. Mutual shareholding ratio: Not applicable 5. Reason for occurrence: Based on the company's responsibility for preparing financial statements, the company re-examined the accounting treatment and recognition timing of some sales revenue and cost transactions in 2025. After comprehensively evaluating relevant information, the company corrected the 2025 individual and consolidated financial reports and adjusted related financial statement items. The aforementioned correction also consequently affected the company's already filed relevant information, hence the related correction filing is processed. 6. Corrected information items/report names: The company's 2025 individual and consolidated financial reports and related filing information (including iXBRL filing data, financial analysis data, loan and endorsement guarantee information, operating revenue data for March and April 2026, dividend distribution information, China investment information and most recent quarterly financial data, shareholders' meeting handbook, etc.) 7. Amount/content/page before correction: (1) 2025 Individual Financial Report (1) Individual Balance Sheet (P7.P8) 2025/12/31 2024/12/31 Amount Amount Net accounts receivable 2,173,050 2,634,614 Inventory 2,162,105 2,432,623 Total current assets 5,259,400 6,032,803 Total assets $19,916,231 $20,736,160 Deferred income tax liabilities 33,653 49,783 Total non-current liabilities 6,453,481 6,458,648 Total liabilities 12,166,872 11,908,739 Unappropriated earnings 308,707 1,175,298 Total retained earnings 1,152,287 2,124,240 Total equity 7,749,359 8,827,421 Total liabilities and equity $19,916,231 $20,736,160 (2) Individual Comprehensive Income Statement (P9) 2025/1/1-2025/12/31 2024/1/1-2024/12/31 Amount Amount Operating revenue $4,390,387 $5,040,611 Operating costs (4,233,333) (4,433,890) Operating gross profit 157,054 606,721 Net operating gross profit 158,743 611,043 Operating net loss (323,628) (56,224) Other income and expenses (60,328) 215,660 Pre-tax net (loss) profit (784,995) 225,098 Income tax benefit (expense) 28,508 (30,038) Net profit (loss) for the period (756,487) 195,060 Total comprehensive income for the period $(836,075) $308,465 Basic earnings per share $(2.71) $0.70 Diluted earnings per share $(2.71) $0.70 (3) Individual Statement of Changes in Equity (P10) Unappropriated Earnings Total Equity Net profit from January 1 to December 31, 2024 195,060 195,060 Total comprehensive income for the period 196,656 308,465 Balance as of December 31, 2024