Shenzhen Soling Industrial Co.Ltd(002766) : Announcement on the progress of changes in shareholders’ equity

Securities code: 002766 securities abbreviation: * ST soling Announcement No.: 2022-013 Shenzhen Soling Industrial Co.Ltd(002766)

Announcement on the progress of changes in shareholders’ equity

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.

Shenzhen Soling Industrial Co.Ltd(002766) (hereinafter referred to as “soling shares” or “the company”) was applied for reorganization by creditors on August 21, 2020. On November 26, 2021, Shenzhen intermediate people’s Court (hereinafter referred to as “Shenzhen intermediate people’s court”) ruled to accept the case of shensoling reorganization, and appointed Beijing Jindu (Shenzhen) law firm as the manager of the company on November 29, 2021. For details, please refer to the announcement on the court’s decision to accept the company’s reorganization and continued delisting risk warning (Announcement No.: 2021-057) and the announcement on receiving the decision of the court’s designated Manager (Announcement No.: 2021-059) disclosed by the company.

On December 27, 2021, the manager received the civil ruling (2021) Yue 03 Po No. 599 delivered by Shenzhen intermediate people’s court, ruled to approve the soling share restructuring plan and terminate the soling share restructuring procedure. For details, see the announcement on the court’s ruling to approve the reorganization plan (Announcement No.: 2021-084) disclosed by the company on the same day. According to the reorganization plan approved by the Shenzhen intermediate people’s court, based on the existing total share capital of soling shares, it shall be adjusted according to each

In the proportion of 10 shares converted into 10 shares, the capital reserve was converted into share capital, with a total of 421754014 shares converted. After the conversion, the total share capital of soling shares increased to 843508028 shares. The aforesaid converted shares will not be distributed to the original shareholders, of which 180000000 shares are used to introduce investors, and the remaining 241754014 shares are used to offset the debts of soling shares and Guangdong soling Electronic Technology Co., Ltd. The above shares converted from capital reserve into shares have been registered in Shenzhen Branch of China Securities Depository and Clearing Corporation Limited on December 31, 2021 and listed on January 4, 2022. For details, please refer to the notice on no adjustment of the opening reference price on the first trading day after the implementation of the conversion of capital reserve into share capital (Announcement No.: 2021-086).

Due to the implementation of the reorganization plan, the shareholders’ equity of the company holding more than 5% has changed. For details, please refer to the company’s website on cninfo (www.cn. Info. Com. CN.) on January 6, 2022 The disclosed suggestive announcement on changes in shareholders’ equity (Announcement No.: 2022-006). The progress is announced as follows:

1、 Progress

On January 27, 2022, the company received the confirmation of securities transfer registration issued by China Securities Depository and Clearing Corporation and the daily shareholding changes of shareholders holding more than 5% through the system of China Securities Depository and Clearing Corporation. It was learned that on January 25, 2022, the manager had transferred 130000000 shares 50000000 converted shares shall be transferred to the securities accounts of restructuring investor Tanghe Holding Co., Ltd. (hereinafter referred to as “Tanghe holding”) and Shenzhen hi tech Investment Group Co., Ltd. (hereinafter referred to as “Shenzhen hi tech investment”); On January 26, 2022, the manager transferred 103126849 shares to the securities account designated by the creditor in accordance with the provisions of the reorganization plan. As of January 26, 2022, the changes in shareholders’ equity of the company holding more than 5% are as follows:

Remarks before and after the increase: number of shares (shares) shareholding ratio number of shares (shares) shareholding ratio

Zhongshan lexing enterprise management 58575310 13.89% 58575310 6.94% original shareholding ratio Consulting Co., Ltd. passive dilution — 4258786 0.51% debt to equity swap

Shenzhen Qianhai xinhaotou 2736200 0.65% 2736200 0.33% original shareholding ratio Co., Ltd. passive dilution Wang Gang 862100 0.20% 862100 0.10% original shareholding ratio passive dilution Tang He holding Limited company as the reorganization investment company — 1300000000 shares increased by 15.41% of the capital

Jianhua building materials (China) — 19857501 2.35% debt to equity swap

limited company

Subtotal 62173610 14.74% 2162897 25.64%

As a restructuring investment, Shenzhen hi tech investment – 50 million shares increased by 5.92% of investors

— 51252117 6.08% debt to equity swap

Subtotal — 101252117 12.00%

Xiao Xingyi 1433334030 33.99% 1433334030 16.99% original shareholding ratio passive dilution Xiao Xingjie 3141000 0.74% 3141000 0.37% original shareholding ratio passive dilution subtotal 1 46,475,030 34.73% 146,475,030 17.36%

Other shareholders 213105374 50.53% 379490984 45.00%

Total 421754014 100.00% 843508028 100.00%

Note: in addition to the above disclosure information, the company has not learned whether there are other shareholders acting in concert or holding more than 5%. If the company receives the notice from relevant shareholders, it will perform the obligation of information disclosure in time.

The subsequent manager will transfer the corresponding amount of converted shares to the securities account designated by other creditors as soon as possible in accordance with the provisions of the reorganization plan.

2、 Other instructions

1. After this equity change, the controlling shareholder of the company is still Zhongshan lexing Enterprise Management Consulting Co., Ltd. (hereinafter referred to as “Zhongshan lexing”); The actual controller of the company is still Mr. Xu Peifeng (the actual controller of Zhongshan lexing). According to relevant regulations, Zhongshan lexing and its persons acting in concert shall prepare the detailed equity change report on this equity change. The company will urge relevant information disclosure obligors to disclose the detailed equity change report as soon as possible in accordance with relevant regulations.

2. After this equity change, Shenzhen hi tech Investment Co., Ltd., the reorganization investor, shall prepare the short form equity change report on this equity change, and the company will urge relevant information disclosure obligors to disclose the short form equity change report as soon as possible in accordance with relevant regulations.

3. The company will urge the relevant information disclosure obligors to perform the relevant information disclosure obligations as soon as possible in accordance with the relevant provisions from the date when the converted shares obtained by other creditors in the process of reorganization are transferred to their designated securities account.

3、 Documents for future reference

1. Confirmation of securities transfer registration issued by China Securities Depository and Clearing Co., Ltd.

It is hereby announced.

Shenzhen Soling Industrial Co.Ltd(002766) board of directors January 28, 2022

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