The meeting presented the company's results for the first quarter of 2026 and invited investors to ask questions. The senior management team participated from abroad. The meeting provided bilingual support in Chinese and English. The performance was displayed through PPT, and the legal statement was emphasized, aiming to communicate the company's financial situation with investors.

In the first quarter of 2020, the company achieved a 3.7 percent year-on-year increase in sales in a highly competitive market environment, mainly due to increased sales. Despite a 4 per cent year-on-year price decline, gross profit increased by 5 per cent and gross margin improved to 30.6 per cent. Net profit increased from US $44 million to US $58 million, financial expenses decreased year-on-year, and adjusted net profit increased significantly, thanks to favorable exchange rate trends and cost control. The company's performance in Israel was particularly impressive, with a significant increase in net profit, partly due to capital gains from the sale of the logistics center.

Sales in the Europe, Africa and Middle East and North America regions increased significantly, with strong sales volume driving sales. The Asia-Pacific region has shown a downward trend due to the initiative to reduce sales of low-margin products, but is seen as a favorable decision for the future. Latin American markets, especially Brazil, saw prices fall due to fierce competition, with overall sales down 2 per cent despite sales growth.

Analyzed first-quarter sales, gross profit, and cash flow changes, emphasizing increased sales and positive exchange rates, as well as ESG progress, including hazardous waste recovery, coal fuel phase-out, greenhouse gas emission reduction, and ESG rating upgrades.

Discusses the recovery of the Israeli factory warehouse damage incident and its impact on the company's performance, noting that the impact is small and alternative options are available. At the same time, the impact of global chemical price increases on the company's sales price and cost transfer is analyzed, indicating that the cost pressure has been successfully transferred through price increases.

This paper discusses the impact of rising industry costs on gross profit margin, and how to further improve gross profit margin by adjusting product mix and market strategy, and puts forward the importance of paying attention to global price trends and supply chain optimization.

Discussed the goal of achieving sustained gross margin growth from a low baseline, emphasizing the need to improve financial health through cost reduction and restructuring, and to continue to improve sales and profitability despite a possible slowdown in growth, while facing the opposite trend of net profit growth and cash flow decline in financial data.

The dialogue revolved around the improvement of the company's financial position, mentioning the benefits of improved cash flow, cost reduction, structural optimization and tax and monetary accounting standards. In addition, the possible impact of the upcoming El Niño on the demand for crop protection products in the global regions was discussed.

Discussed the potential positive and negative impact of geographic location and crops such as corn and soybeans on the market, while mentioning that the company's management expenses decreased by 20% year-on-year in the first quarter, and asked whether the annual management expense reduction would be similar to or further reduced in the first quarter, pointing out that there may be risks in some regions and opportunities in others.

Discussed the challenges of the 2026 business plan, including the management of the negative impact of the exchange rate, as well as the possibility of sales recovery and compliance progress in Turkey. Mentioned the 2025-2026 U.S. tariff issue and its impact on net profit, as well as the expected impact of future tariff rebates on businesses.

The potential impact of the U.S. tax rebate mechanism on Andormai's business was discussed, emphasizing the small proportion of U.S. business and the limited impact of tax rebates. At the same time, in the face of the global glyphosate resistance problem, andomai, as a generic product company with a wealth of alternatives, has gradually withdrawn from the glyphosate business to provide more value to growers. In the summary, the company expressed confidence in the future and will continue to grow its business and meet market challenges.