Company code: 688111 Company abbreviation: Kingsoft Office

Beijing Kingsoft Office Software Co., Ltd

Summary of the 2024 Annual Report

Section 1 Important Notice

1. The summary of this annual report is from the full text of the annual report, in order to fully understand the company's operating results, financial status and future development plan, investors should go to the www.sse.com.cn website to read the full text of the annual report carefully.

2. Major risk warning

The Company has detailed the various risks that the Company may face in the course of its operations and the measures to deal with them, please refer to Section III "Management Discussion and Analysis" of this report.

3. The Board of Directors, the Board of Supervisors, the directors, supervisors and senior management of the Company guarantee the authenticity, accuracy and completeness of the contents of the annual report, and that there are no false records, misleading statements or material omissions, and bear individual and joint legal liabilities.

4. All directors of the company attend the meeting of the board of directors.

5. ShineWing Certified Public Accountants (Special General Partnership) issued a standard unqualified audit report for the Company.

6. The company is not profitable and has not yet achieved profitability at the time of listing

□ Yes √ No

7. The profit distribution plan or the plan for the conversion of provident fund into share capital for the reporting period approved by the board of directors

The company's 2024 profit distribution plan (plan) is: based on the total share capital registered on the record date of the implementation of equity distribution, the shares in the company's special securities account for repurchase are the base, and a cash dividend of 9.00 yuan (tax included) is planned to be distributed to all shareholders for every 10 shares. Based on this calculation, the total proposed cash dividend is 415,991,268.90 yuan (tax included). The plan still needs to be submitted to the general meeting of shareholders for deliberation, and the actual amount of distribution is subject to the announcement on the implementation of equity distribution issued by the company.

8. Whether there are special arrangements for corporate governance and other important matters

□ Applicable √ Not applicable

Section 2 Basic information of the company

1. Company profile

1.1 Company Shares

√ Applicable □ Not applicable

Company stock profile

Stock Type Stock Listed Exchange Stock Abbreviation Stock Code Stock Abbreviation Before the change

and plates

A-shares: Shanghai Stock Exchange, Jinshan Office, 688111 None

Science and Technology Innovation Board

1.2 Brief description of the Company's Depositary Receipts

□ Applicable √ Not applicable

1.3 Contacts and Contact Details

Secretary of the Board of Directors and Representative of Securities Affairs

Name: Pan Lei, Zhao Meihan

Address: Jinshan Software, No. 33 Xiaoying West Road, Haidian District, Beijing Jin, No. 33, Xiaoying West Road, Haidian District, Beijing

Building of Mountain Software Building

Tel: (010)62927777-6210 (010)62927777-6210

Fax (010)82325655 (010)82325655

E-mail Ir@wps.cn Ir@wps.cn

2. Brief introduction of the company's main business during the reporting period

2.1 Main business, main products or services

1. Main business

The company is a leading provider of office software products and services in China, with the help of WPS Office, WPS 365, WPS AI, etc

Representative office products, providing office services to users from more than 220 countries and regions around the world.

The company has more than 35 years of R&D experience and technology accumulation in the field of office software, and all its main products and services are independently developed, and has independent intellectual property rights of core technologies. The company focuses on the in-depth research of various key technologies such as text typesetting technology, spreadsheet computing technology, animation rendering technology, online collaborative editing, secure documents and data collaborative sharing, and has successfully built a cloud, collaboration, and AI office application service system through breakthroughs in core technologies, creating a new model of smart office, and bringing users a new experience of smart office.

2. Main products, services and solutions

(1) Personal business

(1) WPS Personal

WPS Personal Edition is a one-stop office application service for individual users, and WPS Office Desktop Edition (applicable to

Windows, macOS, Linux, and HarmonyOS) and mobile (for Android, iOS, and HarmonyOS),

It achieves comprehensive coverage across platforms to ensure that users can enjoy consistent document processing capabilities across different end devices. The newly upgraded WPS Personal Edition has built-in smart documents, smart forms, smart forms, multi-dimensional tables, flowcharts, mind maps and other rich components, supporting multi-person collaboration, real-time editing, and collaboration barrier-free, meeting the office needs of all kinds of users.

(2) Kingsoft Documents

Kingsoft Docs is an online document service that supports real-time collaboration between multiple people. Based on HTML5 technology, Kingsoft Docs is available in Windows,

macOS, Linux, Android, iOS, iPadOS, and HarmonyOS via browsers, WeChat Mini Programs, and QQ Mini Programs

It supports the management, viewing, editing, and collaboration of Office documents and online intelligent documents. The online document format provided by Kingsoft Docs is oriented to lightweight collaborative creation and sharing scenarios, helping users to focus on content creation and expression on different platforms, especially when collaboration participants span desktop and mobile platforms, and reduce the time for adjusting document styles. Kingsoft Docs supports independent setting of viewing or editing permissions for different collaboration members to ensure that document data is safe and controllable, automatically saved and synchronized in real time, providing users with a diversified cloud office experience. At the same time, relying on the company's self-developed Office kernel engine as a service, Kingsoft Docs can be seamlessly integrated with WPS personal version client products.

(3) WPS AI Office Assistant

For personal office efficiency scenarios, WPS Personal Edition and Kingsoft Docs are connected to the newly upgraded WPS AI office assistant, covering AI

Writing assistant, AI reading assistant, AI data assistant, AI design assistant. The AI writing assistant can provide users with functions such as generation, editing, rewriting, and companion writing, greatly improving the efficiency of text creation. The AI reading assistant can help users parse, summarize, and answer questions about documents. AI data assistant can help users complete AI calculation, analysis, and classification of large-scale data through natural language interaction. The AI design assistant can help users quickly complete typesetting, style design, image processing, etc., further improving users' office efficiency.

(2) Institutional business

① WPS 365

WPS 365 is a new workplace productivity platform for organizations and enterprises, including WPS Office, WPS Collaboration, and WPS

AI Enterprise Edition. The platform connects the three capabilities of documents, AI, and collaboration, allowing seamless switching between various components, comprehensively covering an organization's office needs, from document creation to instant messaging (IM), meetings, email, and AI applications, providing one-stop AI office. WPS 365 matches business development through the digital office concept of unified tools, unified collaboration, and unified management, and realizes efficient collaboration and security control for the entire organization.

(2) WPS AI Enterprise Edition

For organization management and efficiency improvement scenarios, WPS AI Enterprise Edition integrates AI Hub (intelligent base), AI Docs (intelligent document library),

The three core modules of Copilot Pro (Enterprise Intelligent Assistant) are integrated to help customers build their own "enterprise brain". The AI Hub supports multiple large model switching, and the invocation process can be audited and traced, achieving efficient and intelligent business and ensuring data invocation security. AI Docs (Intelligent Document Library) enables cloud documents to upgrade the intelligent document library with one click, quickly retrieve information through Q&A, and intelligently create information based on enterprise knowledge. File. Copilot Pro (Enterprise Intelligent Assistant) can efficiently process data through dialogue and support calls

WPS 365 APIs and enterprise-owned APIs perform various tasks.

(3) WPS AI Government Edition

For the vertical application scenarios of government office, the company has launched the WPS AI government version to provide enterprise customers with special models for government office

services, such as electronic document material library and official document writing, focusing on capabilities such as government AI writing, government AI Q&A, and government AI tools.

It fully realizes the goals of "content comes from trusted knowledge", "strictly controls content permissions", "eliminates model illusions" and "trusted content traceability", provides intelligent support for government affairs scenarios, and meets the needs of customers for government affairs.

2.2 Main business model

1. Profit model

(1) Individual business model

Users can experience the basic functions for free by downloading company office software products such as WPS Office or directly using them online. user

You can choose to register a WPS account with email, QQ, WeChat, mobile phone number, etc., and enjoy more functions and services after logging in. Compared with free users, members can also enjoy a large number of value-added services such as output conversion, document processing, sharing and collaboration, and content resources after payment, helping to work efficiently. All members of the company can choose to pay on a monthly, quarterly or annual basis to meet the needs of different users.

(2) Institutional business model

Companies can offer products or services included in WPS 365 to organization-level customers, typically on year-to-year or multi-year contracts. at

During the period agreed in the contract, the customer uses the products or services in WPS 365 according to the contract, and the company will charge the corresponding fees in accordance with the contract.

At the same time, the company can also provide organizational customers with the right to use a certain version of WPS software products, usually with customers on an annual, multi-year, or quantitative basis. Quantity licensing contracts usually include maintenance services for a certain period of time, beyond which maintenance or other services need to be purchased separately by the customer.

Customers who purchase a WPS 365 or WPS software product have the option to purchase additional products or value-added services for an additional fee.

2.3 The situation of the industry

(1). The development stage, basic characteristics and main technical thresholds of the industry

(1) The development stage of the industry

The company is a leading provider of office software and services in China, represented by WPS Office, WPS 365, WPS AI, etc

Office products, the company provides office services for users from more than 220 countries and regions around the world, and the products can be smoothly applied on many mainstream operating platforms such as Windows, Linux, MacOS, Android, and iOS. The company has more than 30 years of technology accumulation in office software and the advantages of professional research in the office field, and its main software products and services are formed by the company's independent research and development, and the revenue of core technology-related software and service business accounted for more than 99% of operating income during the reporting period. According to the "Guidelines for the Industry Classification of Listed Companies" and the "Industrial Classification of the National Economy", the large industry to which the company belongs is classified as software and information technology services, and the industry code is I65.

(1) The digital economy drives the development of office software

In recent years, China has deeply implemented the digital economy strategy, successively issued the "Outline of the Digital Economy Development Strategy" and the "14th Five-Year Plan" for the Development of the Digital Economy, accelerated the promotion of digital industrialization and industrial digitization, and promoted the vigorous development of the digital economy. In 2024, the CPC Central Committee will issue a series of important deployments to continue to promote the high-quality development of the digital economy, and the growth rate of China's digital economy will be higher than the global average. The 2024 Government Work Report proposes to "further promote the innovation and development of the digital economy", and has made comprehensive arrangements in terms of building an internationally competitive digital industrial cluster, vigorously promoting the development, openness, circulation and use of data, and accelerating the formation of a national integrated computing power system. During the reporting period, the National Data Bureau issued the "List of Key Points for the Construction of Digital China in 2024".

set up work to make arrangements; The Three-Year Action Plan for the × of Data Elements (2024-2026) proposes to promote the digital transformation of various industries through the high-level application of data elements, and cultivate new industries, new models, and new momentum.

Under the wave of vigorous development of the digital economy, the software industry has ushered in unprecedented development opportunities. At the same time, with its strong technological innovation capabilities and wide application penetration, it also provides important support for the high-quality development of the digital economy. According to data from the Ministry of Industry and Information Technology, China's software business revenue will be 13,727.6 billion yuan in 2024, a year-on-year increase of 10.0%, maintaining steady growth. In the software industry, the state attaches great importance to the development of office software, which provides support for the development of China's digital economy by improving production efficiency, promoting data management and analysis, and promoting industrial digitalization. During the reporting period, the Ministry of Education and the National Copyright Administration issued the Notice on Doing a Good Job in the Legalization of Software in the Education System, proposing to give full play to the important role of promoting the use of genuine software in maintaining information security, developing new quality productivity, and promoting the high-quality development of the digital economy. Driven by policy dividends and technological innovation, domestic office software has ushered in breakthrough development, showing a strategic upgrade from "substitution and adaptation" to "ecological leadership".

(2) AI-driven office software upgrades

China's application software has gained a historic opportunity to integrate AI capabilities, and has shown a systematic breakthrough trend driven by policy guidance, technological breakthroughs, and ecological reconstruction. The promulgation of the "Interim Measures for the Management of Generative Artificial Intelligence Services" provides a platform for domestic software to integrate AI capabilities

As of December 31, 2024, a total of 302 generative AI services have been filed with the Cyberspace Administration of China.

Among them, 238 new filings will be added in 20241. Technological breakthroughs have become the core engine of industrial transformation. In 2024, DeepSeek and other domestically produced large

With advanced technical concepts and innovative architectures, the model solves the supply problem of domestic large models and greatly reduces the cost of inference. The double breakthrough of "performance leap + cost steep drop" has rapidly spread the penetration rate of AI capabilities from leading enterprises to small and medium-sized enterprises. The reconstruction of the industrial ecology has given rise to multi-dimensional development opportunities, and the domestic forces represented by DeepSeek have built technological potential energy through the open source strategy to promote the intelligent transformation of finance, manufacturing and other fields. This model of "open source technology + deep cultivation of scenarios" is reshaping the global AI competition pattern, marking that China is changing from a technology follower to a rule-maker.

AI has dramatically improved productivity around the world. According to Thomson Reuters research, AI can free up additional work hours at a rate of 4 hours per week in one year, to 8 hours in three years, and to 12 hours in five years. If ordinary workers

A worker working 48 weeks in a year is equivalent to releasing about 200, 400 and 600 hours of work in a year2. According to Nielsen

According to Norman Group's research, business professionals using AI can write 59% more business documents per hour; Using AI's

Programmers can write 126% more project code per week3. According to PwC's 2024 Global CEO Survey, 84% have adopted AI

CEOs believe AI will improve employee productivity, while 70% believe AI will significantly change the way companies create, deliver and capture value over the next three years4. In China, according to the relevant research report of Chinese Renmin University, 56% of professionals in China believe that AI is an inevitable trend in the future5. The CAGR of the AI+ office software market from 2019 to 2023 is 109.09%, and the AI+ office software market size is expected to be 30.864 billion yuan in 2024 and 191.137 billion yuan in 20286.6.

1 Data source: Announcement of the Cyberspace Administration of China on the release of the 2024 filing information of generative AI services

2 Future of Professionals Report, Thomson Reuters

3 AI Improves Employee Productivity by 66%, Nielsen Norman Group

4 Pwc's 2024 AI Jobs Barometer

5 Data from the "2024 Artificial Intelligence and Workplace Research Report" jointly released by Chinese Renmin University, Mingluo Technology Group, and Miaozhen Academy of Marketing Sciences

6 Data from the report overview of the "2024 China AI+ Office Software Industry Research Report" by Toubao Research Institute

(3) Cloud and collaboration are becoming an inevitable choice for enterprise digital transformation

Cloud services are the cornerstone of digital transformation, and enterprise cloud migration has changed from a strategic choice to a survival need. According to Canalys forecasts, 2024

For the full year, global spending on cloud infrastructure services increased 20% year-over-year, from $267.7 billion in 2023 to $3,213 in 2024

billion7. The scale of China's cloud computing market is growing rapidly, and cloud computing is becoming the core driving force for the development of small and medium-sized enterprises in China. In December 2024, the Ministry of Industry and Information Technology (MIIT) and four ministries and commissions jointly issued the Special Action Plan for Digital Empowerment of Small and Medium-sized Enterprises (2025-2027), proposing that by 2027, the cloud migration rate of small and medium-sized enterprises will exceed 40%. According to the International Journal of Computer Engineering and Technology, SMEs have reduced IT costs by 28%, accelerated business response by 41%, and improved data security capabilities by 73% by migrating to the cloud. In terms of deployment methods, hybrid cloud and multi-cloud strategies have become the mainstream, with 87% of enterprises adopting hybrid cloud and 93% partially

multi-cloud architecture, using an average of 2.6 public clouds and 2.9 private clouds8; In China, hybrid cloud and private cloud are accelerating their penetration

Finance, government affairs, manufacturing, healthcare, energy, and transportation will promote digital transformation and upgrading, significantly improve operational efficiency, and meet data security and compliance requirements.

The development of the digital economy is reshaping the modern office paradigm. CNNIC data shows that as of December 2024, online office users in China

The population is close to 570 million, accounting for 51.5% of the total number of Internet users9. With the development of online office habits, enterprises have further shifted their focus on collaborative office to digitalization and agility, and remote collaborative office has evolved from an emergency choice to a normalized mode of organizational operation. iiMedia

According to consulting data, the size of China's collaborative office market has reached 33.01 billion yuan in 2023 and is expected to exceed 41.48 billion yuan in 202510.

The demand for real-time collaboration drives the iteration of office software functions, requiring it to have core capabilities such as instant messaging, video conferencing, and collaboration, and promoting the upgrade of office tools from a single efficiency tool to an integrated collaboration platform. This transformation not only satisfies the needs of enterprises for agile response and data security, but also builds a digital hub covering the entire workflow by integrating modules such as project management, knowledge accumulation, and process automation.

(2) The basic characteristics of the industry

In the context of the in-depth development of the digital economy, China's software industry continues to show strong growth momentum. According to the latest data from the Ministry of Industry and Information Technology, in 2024, the number of enterprises above designated size in the national software and information technology service industry will exceed 40,000, and the software business will be realized throughout the year

revenue was RMB13,727.6 billion, up 10.0% year-on-year; Total profit reached RMB1,695.3 billion, up 8.7% year-on-year.

The large-scale development of the software industry is reshaping the ecology of the office software industry with unprecedented breadth and depth. At present, collaborative office has evolved from occasional demand to normalized mode, and the user base has expanded significantly. AI-driven office scenario innovation, intelligent document processing, cross-platform real-time collaboration and other functions have increased penetration, and the intelligent and industry-vertical office platform based on cloud-native architecture will become a new highland of competition.

(3) Main technical thresholds

The industry in which the company is located is a technology-intensive industry, and the industry needs a high level of technology to enter. The accumulation of core technologies and technological innovation are the key factors to promote the competitive advantage of basic office software enterprises. As a part of the software industry, the technical core of basic office software is the integration, sharing and application of office resources. Whether the enterprise has the ability to integrate resources, share resources, and apply resources

7 Canalys research report, "Global Cloud Services Spending Expected to Grow 19% in 2025"

8 International Journal of Computer Engineering and Technology (IJCET)Volume 15, Issue 6, Nov-Dec 2024

9 Data from the 55th Statistical Report on the Development of China's Internet Network by China Internet Network Information Center

10 Data from iiMedia Consulting's "2024-2025 China Collaborative Office Industry and Benchmark Case Study Report"

Core technology, whether it has the ability to achieve innovation on the accumulated core technology, is an important factor for the sustainable development of enterprises in the field of basic office software.

(2). Analysis of the company's position in the industry and its changes

WPS Office series products began in 1988 and is one of the earliest office software products in the world. At present, the company has developed

To become one of the world's most advanced and leading office software manufacturers in China, and to be a leading office software and service provider in China. As of 2024

In December, the company's WPS global monthly active devices were 632 million, a year-on-year increase of 6.22%. Among them, WPS Office PC Edition is monthly

the number of active devices was 291 million, a year-on-year increase of 9.81%; The number of monthly active devices of WPS Office mobile was 341 million, an increase of 3.33% year-over-year.

During the reporting period, major competitors in the industry did not voluntarily disclose their share of the domestic office software market.

(3) The development and future development trend of new technologies, new industries, new forms of business and new models during the reporting period

During the reporting period, there was a new development trend in the industry in which the company operates. First, there is a trend of lightweight and multi-platform office software. The office software based on cloud-native technology realizes seamless collaboration between multiple terminals, supports real-time synchronization of PC, mobile and web terminals, and increases the average daily switching frequency of users across devices. Lightweight office software allows enterprises to customize functional modules on demand through modular functional components and low-code platforms; At the same time, office software and business processes are deeply integrated, transforming from tool attributes to "digital hubs", and office software transforms business data into decision-making resources through built-in BI tools to help enterprises realize dynamic adjustment of business strategies; The third is to reconstruct office scenarios with large AI models. AI has evolved from an assistant tool to a collaboration partner, and AI assistants are closely integrated with office scenarios to continuously help users reduce repetitive work time. Looking forward to the future, office software will continue to expand the capability boundaries with the advancement of AI large model technology, and the office software will evolve to the agent, providing AI automatic analysis, risk warning and other functions, and linking business systems to perform operations. Office software will also be able to provide more personalized applications and recommendations based on user data; Focusing on more vertical industries, office software is expected to provide a variety of collaborative office solutions as well as AI application solutions.

3. The company's main accounting data and financial indicators

3.1 Key accounting data and financial indicators for the past 3 years

Unit: Yuan Currency: RMB

2024 2023 This year is compared to 2022

Increase/decrease (%)

Total assets 15,912,888,756.23 13,974,021,307.95 13.87 12,057,676,594.66

Attributable to the listed company

Net assets of shareholders 11,355,557,559.61 9,948,797,727.75 14.14 8,724,302,169.55

give birth

Operating income 5,120,838,798.82 4,555,968,287.39 12.40 3,884,959,481.38

Attributable to listed companies 1,645,080,509.02 1,317,737,042.69 24.84 1,117,529,482.04

Net profit of the company's shareholders

moistening

Attributable to the listed company

Deductions for shareholders 1,556,338,879.94 1,262,287,835.30 23.30 938,853,046.53

Non-recurring gains and losses

net profit

Business activities generated

Net cash flow 2,195,573,981.93 2,057,547,079.30 6.71 1,602,924,775.80

forehead

The weighted average net assets increased by 1.33 hundred

yield yield (% 15.51 14.18 points 13.64

）

Basic earnings per share 3.56 2.86 24.48 2.42

(RMB/Share)

Diluted earnings per share 3.56 2.85 24.91 2.42

(RMB/Share)

R&D investment accounted for 0.79 percent of revenue

Ratio of income 33.11 32.32 34.27

（%）

3.2 Key accounting data by quarter in the reporting period

Unit: Yuan Currency: RMB

Q1 Q2 Q3 Q4

(January-March) (April-June) (July-September) (October-December)

Operating income 1,225,297,495.19 1,187,696,432.87 1,213,824,108.41 1,494,020,762.35

Attribution

Municipal company shares 367,017,201.69 354,420,613.65 318,439,231.61 605,203,462.07

East's net profit

moistening

Attribution

Municipal Corporation Shares

East deduction 352,094,578.62 335,554,738.43 303,174,367.22 565,515,195.67

Non-recurring

After profit or loss

Net profit

Business Activities

153,444,865.17 474,883,433.92 451,156,862.60 1,116,088,820.24

Gold flow net

forehead

Explanation of the discrepancies between the quarterly data and the data disclosed in the periodic report

□ Applicable √ Not applicable

4. Shareholders

4.1 The total number of common shareholders, the total number of preferred shareholders whose voting rights have been restored, and the total number of shareholders holding special voting shares and the top 10

shareholders

Unit: Shares

The total number of ordinary shareholders (households) at the end of the reporting period was 24,176

The total number of common shareholders at the end of the previous month prior to the disclosure date of the annual report was 24,124

Shareholdings of the top 10 shareholders (excluding shares lent through refinancing)

Hold staking, tokenizing, or freezing

Limited Situation

Name of shareholder Increase in number of shares held at the end of the period Proportion of shareholders sold during the reporting period

(Full name) Reduction (%) Shares Nature of shares

Number of copies, status, quantity

measure

Kingsoft WPS Foreign Law

Corporation 0 238,387,351 51.54 0 None 0

Limited

Tianjin Qiwen five-dimensional enterprise

Management Consulting Partnership 0 21,963,716 4.75 0 None 0 Other

(Limited Partnership)

Hong Kong Securities Clearing Company Limited 1,875,160 15,249,754 3.30 0 N/A 0 Foreign

Company people

China Merchants Bank Co., Ltd

Company-China Shanghai Securities Branch

50 Component Trading -3,137,042 15,110,926 3.27 0 None 0 Other

Open-ended index securities investment

funds

Industrial and Commercial Bank of China shares

Co., Ltd. - E Fund

SSE STAR Market 50 Ingredients 3,521,986 9,678,036 2.09 0 None 0 Others

ETFs

Securities investment funds

Tianjin Qiwen four-dimensional enterprise

Management Consulting Partnership 0 4,605,006 1.00 0 None 0 Other

(Limited Partnership)

Industrial and Commercial Bank of China - on

CSE 50 Open-ended 1,563,839 4,369,970 0.94 0 None 0 Others

Index Securities Investment Funds

Industrial and Commercial Bank of China shares

Co., Ltd. - Huatai Park

CSI 300 Trading 2,544,462 4,106,849 0.89 0 N/A 0 Others

Open-ended index securities investment

funds

Tianjin Qiwen Qiwei Enterprise

Management Consulting Partnership 0 3,642,752 0.79 0 None 0 Other

(Limited Partnership)

China Construction Bank shares

Co., Ltd. - E Fund

CSI 300 TradingOpen 2,186,360 2,775,176 0.60 0 None 0 Other

Exponential index initiators

Bond investment funds

Description of the above-mentioned shareholder affiliation or concerted action As of December 31, 2024, Tianjin Qiwen Siwei Enterprise

Management Consulting Partnership (Limited Partnership), Tianjin Qiwen Five

Wei Enterprise Management Consulting Partnership (Limited Partnership), Tianjin

Qiwen 7D Enterprise Management Consulting Partnership (Limited Partnership)

The general partners of Beijing Kingsoft Qiwen Enterprise Management Consulting

Consult LLC. Other than that, the company does not know the top 10

It is also unknown whether the shareholders are related to each other or not

Persons acting in concert.

Explanation of preferred shareholders whose voting rights have been restored and the number of shares held is not applicable

Holders of depositary receipts

□ Applicable √ Not applicable

The top 10 shareholders in terms of the number of voting rights as of the end of the reporting period

□ Applicable √ Not applicable

4.2 Block diagram of the property rights and control relationship between the company and the controlling shareholder

√ Applicable □ Not applicable

4.3 Block diagram of the property rights and control relationship between the company and the actual controller

√ Applicable □ Not applicable

4.4 The total number of preferred shareholders and the top 10 shareholders of the company at the end of the reporting period

□ Applicable √ Not applicable

5. Corporate bonds

□ Applicable √ Not applicable

Section 3: Important Matters

1. The company shall, in accordance with the principle of materiality, disclose the major changes in the company's operation during the reporting period, as well as the events that have a significant impact on the company's operation during the reporting period and are expected to have a significant impact in the future.

During the reporting period, the company achieved operating income of 5120.84 million yuan, a year-on-year increase of 12.40%; Net profit attributable to owners of the parent company

1645.08 million yuan, a year-on-year increase of 24.84%; net profit attributable to owners of the parent company after deducting non-recurring gains and losses was 1556.34 million yuan,

This represents a year-on-year increase of 23.30%. In the main business, WPS's personal business income was 3283.29 million yuan, a year-on-year increase of 18.00%; WPS 365 industry

business revenue was 436.5 million yuan, a year-on-year increase of 149.33%; WPS software business revenue was 1267.95 million yuan, down 8.56% year-on-year; that

His business income was 131.72 million yuan, a year-on-year decrease of 37.17%.

2. If there is a delisting risk warning or termination of listing after the disclosure of the company's annual report, the reasons for the delisting risk warning or termination of listing shall be disclosed.

□ Applicable √ Not applicable