深圳市深粮控股股份有限公司SHENZHENCEREALSHOLDINGSCO.,LTD.ANNUALREPORT2023【April2024】 SectionI.ImportantNotice,ContentsandInterpretationBoardofDirectors,theboardofsupervisors,alldirectors,supervisorsandseniorexecutivesofSHENZHENCEREALSHOLDINGSCO.,LTD.(hereinafterreferredtoastheCompany)herebyconfirmthattherearenoanyfictitiousstatements,misleadingstatements,orimportantomissionscarriedinthisreport,andshalltakeallresponsibilities,individualand/orjoint,forthereality,accuracyandcompletionofthewholecontents.PrincipaloftheCompanyWangZhikai,HeadofAccountingLuYuheandHeadofAccountingInstitution(AccountingSupervisor)HuangXidiherebyconfirmthattheFinancialReportofAnnualReport2023isauthentic,accurateandcomplete.AllDirectorshaveattendedtheBoardMeetingfordeliberationofthisReport.Concerningtheforward-lookingstatementswithfutureplanninginvolvedintheannualreport,theydonotconstituteasubstantialcommitmentforinvestors.SecuritiesTimes,ChinaSecuritiesJournal，shanghaiSecuritiesJournalandJuchaoWebsite(www.cninfo.com.cn)arethemediaappointedbytheCompanyforinformationdisclosure.AllinformationoftheCompanydisclosedintheabovementionedmediashouldprevail.Investorsareadvisedtoexercisecautionofinvestmentrisks.TheCompanyhasanalyzedtheriskfactorsthattheCompanymayexistanditscountermeasuresinthereport.Investorsareadvisedtopayattentiontoread“ProspectforfuturedevelopmentoftheCompany”inthereportofSectionIIIManagementDiscussionandAnalysis.ThisreporthasbeenpreparedinChineseandEnglishversionrespectively.Intheeventofdifferenceininterpretationbetweenthetwoversions,Chinesereportshallprevail.TheprofitdistributionplanthatwasdeliberatedandapprovedbytheBoardMeetingis:basedontotalsharecapitalof1,152,535,254,distributedcashbonusof2.00yuan(taxinclusive)forevery10shares,0sharebonusissued(taxinclusive)andnotransferofcapitalreserveintosharecapital. ContentSectionI.ImportantNotice,ContentsandInterpretation............................................................................................2SectionIICompanyProfileandMainFinancialIndexes............................................................................................6SectionIIIManagementDiscussionandAnalysis.....................................................................................................11SectionIVCorporateGovernance..............................................................................................................................29SectionV.EnvironmentalandSocialResponsibility................................................................................................51SectionVI.ImportantEvents.....................................................................................................................................53SectionVII.ChangesinSharesandParticularsaboutShareholders.........................................................................82SectionVIII.PreferredStock......................................................................................................................................89SectionIX.CorporateBonds......................................................................................................................................90SectionX.FinancialReport........................................................................................................................................91 DocumentsAvailableforReference1.Textoffinancialstatementwithsignatureandsealsoflegalperson,personinchargeofaccountingworksandpersoninchargeofaccountinginstitution;2.OriginalauditreportwithsealofaccountingfirmandsignatureandsealoftheCPA;3.OriginalandofficialcopiesofalldocumentswhichhavebeendisclosedonSecuritiesTimes,ChinaSecuritiesJournalandJuchaoWebsite(www.cninfo.com.cn)inthereportingperiod;4.Originalcopiesof2023AnnualReportwithsignatureofthelegalrepresentative. InterpretationItemsReferstoContentsSZCH/ListedCompany/theCompany/ReferstoShenzhenCerealsHoldingsCo.,Ltd.Shenshenbao/ShenbaoCompanyReferstoShenzhenShenbaoIndustrialCo.,Ltd.SZCGReferstoShenzhenCerealsGroupCo.,LtdDoximiReferstoShenzhenShenliangDoximiBusinessCo.,Ltd.ShenzhenFlour,FlourCompanyReferstoShenzhenFlourCo.,LtdShenliangQualityInspectionReferstoShenliangQualityInspectionCo.,Ltd.DongguanLogisticsReferstoDongguanShenliangLogisticsCo.,Ltd.ShenbaoHuachengReferstoShenzhenShenbaoHuachengTechnologyCo.,Ltd.HualianCompanyReferstoShenzhenHualianGrainandOilTradingCo.,Ltd.ShenliangColdChainReferstoShenzhenShenliangColdChainLogisticsCo.,Ltd.ShenliangPropertyReferstoShenzhenShenliangPropertyDevelopmentCo.,Ltd.SZCHBig,BigKitchenReferstoShenzhenShenliangBigKitchenFoodSupplyChainCo.,LtdGrainandOilPurchaseandSalesBranchReferstoGrainandOilPurchaseandSalesBranchofShenzhenCerealsGroupCo.,LtdDongguanOil&FoodReferstoDongguanShenliangOil&FoodTradeCo.,Ltd.ShenliangColdTransportReferstoShenzhenShenliangColdTransportCo.,Ltd.ShenshenbaoInvestmentReferstoShenzhenShenshenbaoInvestmentCo.,LtdShenzhenShenliangFoodReferstoShenzhenShenliangFoodCo.,Ltd.ZhenpinReferstoZhenpinMarketOperationTechnologyCo.,Ltd.WuhanJiachengRefersto