Market Environment - On February 13, 2026, the stock price of Giant Dragon Online (JLHL.OQ) declined, influenced by a mixed performance in the U.S. stock market, with the Nasdaq index falling and technology stocks under pressure. Although the construction equipment sector, to which Giant Dragon Online belongs, saw a slight increase, overall market sentiment remained cautious, potentially restricting capital inflow into individual stocks [1]. Stock Price and Trading Performance - On February 13, 2026, Giant Dragon Online recorded a trading volume of only $16.24 thousand, with a turnover rate of 0.13%, indicating low liquidity. The stock experienced a volatility of 8.27%, reaching a peak of $5.88 during the day before closing at $5.43, reflecting a decline of 3.38%. The low trading volume coupled with price fluctuations may suggest short-term capital speculation or adjustments in positions [2]. Company Fundamentals - The company has a total market capitalization of approximately $11.6 million, categorizing it as a small-cap stock, which makes its price susceptible to minor trading activities. Recently, there have been no significant operational changes or financial disclosures, indicating that fundamental factors are not the direct cause of the stock's movement. Historical data shows that the stock has consistently low trading volumes, with daily trading amounts often below $500 thousand since January 30, 2026, indicating a lack of sustained capital support [3].

Core Viewpoint - Julong Holding Limited has filed its annual report on Form 20-F for the fiscal year ending September 30, 2025, with the SEC, indicating ongoing compliance and transparency in financial reporting [1]. Group 1: Company Overview - Julong Holding Limited, founded in 1997, is a growth-oriented provider of intelligent integrated solutions targeting public utilities, commercial properties, and multifamily residential properties in China [3]. - The company offers a comprehensive suite of solutions, including intelligent security, fire protection, parking, toll collection, broadcasting, identification, data room, emergency command, and city management [3]. - Julong emphasizes successful and timely execution of complex projects through initiatives like "deliveries before deadline" and "customers first," positioning itself to achieve economies of scale and capture future opportunities [3]. Group 2: Financial Reporting - The annual report, which includes audited consolidated financial statements, is available for shareholders upon request, demonstrating the company's commitment to shareholder communication [2]. - Shareholders can request a hard copy of the annual report free of charge, indicating a focus on transparency and accessibility of financial information [2].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FORM 20-F For the transition period from _________to_________ (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2025 OR OR ☐ SHELL COMPANY REPORT PURSUANT TO S ...

Core Viewpoint - The stock price of Giant Dragon Online (JLHL.OQ) has experienced significant volatility over the past week, reflecting market trading behavior rather than any major announcements or news events [1][2] Group 1: Stock Performance - On February 10, the stock price surged by 17.35%, closing at $5.14 with a trading volume of 82,378 shares, indicating increased market activity [1] - On February 11, the stock price corrected by 4.67%, closing at $4.90 with a reduced trading volume of 6,230 shares, showing a narrowing trading range [1] - The overall price fluctuation from February 5 to February 11 was 0.20%, with a total price range of 24.34%, reaching a high of $5.15 on February 10 and a low of $3.96 on February 5 [1] Group 2: Company Financials - The company's total market capitalization is approximately $10.5 million, with a price-to-earnings (P/E) ratio of 38.25 times [1] - As of September 30, 2024, the latest financial data shows revenue of $22.41 million, with engineering solutions accounting for 93% of total revenue [2]

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential investment opportunities before the market opens [1] Premarket Gainers - WhiteFiber, Inc. (WYFI) is up 21% at $17.35 [3] - Rising Dragon Acquisition Corp. (RDAC) is up 21% at $12.63 [3] - Julong Holding Limited (JLHL) is up 13% at $3.45 [3] - Linkhome Holdings Inc. (LHAI) is up 11% at $12.50 [3] - A SPAC III Acquisition Corp. (ASPC) is up 9% at $13.09 [3] - Intuitive Machines, Inc. (LUNR) is up 7% at $11.61 [3] - Ascent Solar Technologies, Inc. (ASTI) is up 7% at $3.31 [3] - Bitmine Immersion Technologies, Inc. (BMNR) is up 6% at $30.39 [3] - Velo3D, Inc. (VELO) is up 5% at $12.10 [3] - Gain Therapeutics, Inc. (GANX) is up 4% at $2.36 [3] Premarket Losers - cbdMD, Inc. (YCBD) is down 17% at $1.60 [4] - Mega Fortune Company Limited (MGRT) is down 16% at $7.33 [4] - Cassava Sciences, Inc. (SAVA) is down 14% at $2.43 [4] - NIKE, Inc. (NKE) is down 10% at $59.01 [4] - InMed Pharmaceuticals Inc. (INM) is down 6% at $1.21 [4] - Datacentrex, Inc. (DTCX) is down 5% at $3.23 [4] - Abundia Global Impact Group Inc (AGIG) is down 5% at $1.50 [4] - PSQ Holdings, Inc. (PSQH) is down 5% at $1.00 [4] - Paranovus Entertainment Technology Ltd. (PAVS) is down 4% at $2.34 [4] - Worksport Ltd. (WKSP) is down 4% at $2.09 [4]

Group 1 - The core viewpoint of the article highlights the financial performance and market activity of Julong Holding Limited, specifically its subsidiary, Julong Online [1] - On December 16, Julong Online's stock price increased by 2.22%, reaching $3.22 per share, with a total market capitalization of $69.0646 million [1] - As of March 31, 2025, Julong Online reported total revenue of 102 million RMB, reflecting a year-on-year growth of 10.05%, and a net profit attributable to shareholders of 11.5667 million RMB, which is a 30.15% increase year-on-year [1] Group 2 - Julong Holding Limited is registered in the Cayman Islands and operates primarily through its domestic subsidiary, Julong Online (Beijing) Technology Development Co., Ltd [1] - The subsidiary specializes in integrated systems for building intelligence, information networks, fire linkage systems, internet comprehensive services, and large-scale engineering projects, and is recognized as a national high-tech enterprise [1]

Core Viewpoint - Chinese concept stocks experienced significant declines, with several companies facing steep drops in their stock prices, indicating potential volatility in the market [1] Group 1: Stock Performance - Shangao Life Sciences saw a decline of 27.97%, closing at a price of 0.2521, with a drop of 0.0979 and a trading volume of 1203.48 thousand [1] - Julong Online dropped by 23.19%, ending at 3.280, with a decrease of 0.990 and a trading volume of 34.72 thousand [1] - Pupu Culture experienced an 18.57% decline, closing at 0.4329, down by 0.0987, with a trading volume of 92.86 thousand [1] - Yipin Weike fell by 17.86%, with a closing price of 1.380, a decrease of 0.300, and a trading volume of 71.23 thousand [1] - Huacheng Technology decreased by 17.44%, closing at 0.4080, down by 0.0862, with a trading volume of 11.61 thousand [1]

Financial Data and Key Metrics Changes - The company achieved total revenue of over RMB 100 million, up 10% year over year, driven by structural optimization across business lines [10][23] - Gross profit rose 15.6% year over year, with gross margin improving by 0.8 percentage points [23][28] - Operating income and net income increased by 30% and 30.2% year over year, respectively, indicating a shift from scale expansion to quality growth [23][29] Business Line Data and Key Metrics Changes - Engineering solutions for intelligent projects, which contribute over 90% of revenue, delivered 13.4% year-over-year revenue growth [11][26] - Operation and maintenance of intelligent projects segment saw revenues decrease to RMB 4.3 million from RMB 4.9 million year over year [26] - Sales of intelligent system equipment and materials decreased to RMB 10,000 from RMB 1.67 million year over year [26] Market Data and Key Metrics Changes - The company signed 144 new engineering solutions contracts, a 76% increase year over year, indicating strong market demand [11][15] - The average contract value increased year over year, reflecting broad market recognition of the company's capabilities [11] Company Strategy and Development Direction - The company aims to establish its brand as a global benchmark in intelligent engineering while strengthening core domestic operations [18] - There is a focus on tech-driven execution and enhancing service for domestic customers to maintain stable cash flows [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience and ability to navigate macroeconomic conditions while laying a foundation for long-term sustainable growth [9][20] - The global boom in intelligent buildings presents an opportunity for the company to evolve from a domestic leader to a global benchmark [20] Other Important Information - The company holds Class 1 licenses in various engineering sectors, providing a competitive barrier as it potentially expands into overseas markets [17] - As of March 31, 2025, the company had obtained a total of 23 patents and 28 software copyrights, showcasing its commitment to R&D [17] Q&A Session Summary - There were no questions during the Q&A session, indicating a lack of immediate inquiries from participants [33]

Financial Data and Key Metrics Changes - The company achieved total revenue of over RMB 100 million, representing a 10% year-over-year increase, driven by structural optimization across business lines [5][13][14] - Gross profit rose by 15.6% year-over-year, with gross margin improving by 0.8 percentage points [13][17] - Operating income and net income increased by 30% and 30.2% year-over-year, respectively, indicating a shift from scale expansion to quality growth [13][18] Business Line Data and Key Metrics Changes - Engineering solutions for intelligent projects, which account for over 90% of revenue, saw a 13.4% year-over-year revenue growth, with new contracts signed increasing from 82 to 144, a 76% increase [6][15] - Revenue from operation and maintenance of intelligent projects decreased to RMB 4.3 million from RMB 4.9 million year-over-year [15] - Sales of intelligent system equipment and materials dropped to RMB 10,000 from RMB 1.67 million year-over-year [16] Market Data and Key Metrics Changes - The company is positioned to capitalize on the global demand for intelligent building solutions, leveraging its tech-powered execution and strong credibility post-IPO [5][11] - The company holds Class 1 licenses in various engineering sectors, enhancing its competitive advantage in both domestic and potential overseas markets [9] Company Strategy and Development Direction - The company aims to establish itself as a global benchmark in intelligent engineering while strengthening its core domestic operations [10] - Strategic integration of maintenance services with new projects is expected to enhance customer retention and lifecycle value [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience and ability to navigate macroeconomic conditions, emphasizing the importance of tech-driven execution and high-margin returns [11][13] - The global boom in intelligent buildings presents significant opportunities for the company to evolve from a domestic leader to a global benchmark [11] Other Important Information - The company has obtained a total of 23 patents and 28 software copyrights, reflecting its commitment to R&D in intelligent security and other technologies [9] - Cash and cash equivalents as of March 31, 2025, were reported at RMB 21.4 million, slightly up from RMB 20.8 million [19] Q&A Session Summary - There were no questions during the Q&A session, indicating a lack of immediate inquiries from participants [21]

Financial Data and Key Metrics Changes - The company achieved total revenue of over CNY 100 million, up 10% year-over-year, with gross profit rising 15.6% year-over-year [8][20][24] - Operating income and net income increased by 30% and 30.2% year-over-year, respectively, indicating a shift from scale expansion to quality growth [20][28] - Gross margin improved to 16.4% from 15.6% in the same period of last fiscal year, primarily due to reduced human resource costs [25] Business Line Data and Key Metrics Changes - Engineering solutions for intelligent projects, which contribute over 90% of revenue, delivered 13.4% year-over-year revenue growth [9] - Revenues from operation and maintenance of intelligent projects decreased to CNY 4.3 million from CNY 4.9 million year-over-year [22] - Revenues from sales of intelligent system equipment and materials fell to CNY 10,000 from CNY 1.67 million year-over-year [22] Market Data and Key Metrics Changes - The company signed 144 new engineering solutions contracts, a 76% increase year-over-year, indicating strong market demand [9][13] - The average contract value increased year-over-year, reflecting broad market recognition of the company's capabilities [9] Company Strategy and Development Direction - The company aims to establish its brand as a global benchmark in intelligent engineering while expanding into overseas markets [16] - Strategic integration of maintenance services with new projects is expected to strengthen customer retention and overall lifecycle value [11] - Continuous investment in R&D for intelligent security, fire protection, IoT, and emergency command systems is a key focus [15] Management's Comments on Operating Environment and Future Outlook - The management expressed confidence in the company's resilience and ability to navigate macroeconomic conditions while laying a foundation for long-term sustainable growth [7][17] - The global boom in intelligent buildings presents an opportunity for the company to evolve from a domestic leader to a global benchmark [17] Other Important Information - The company holds Class 1 licenses in various engineering sectors, providing a competitive barrier as it potentially expands into overseas markets [15] - As of March 31, 2025, the company had cash and cash equivalents of CNY 21.4 million, showing a slight increase from the previous period [30] Q&A Session Summary - There were no questions during the Q&A session, and the call concluded without any inquiries from participants [33][34]