688100: Announcement on obtaining government subsidies

Securities code: 688100 securities abbreviation: Willfar Information Technology Co.Ltd(688100) Announcement No.: 2022-005 Willfar Information Technology Co.Ltd(688100)

Announcement on obtaining government subsidies

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal responsibility for the authenticity, accuracy and integrity of its contents according to law.

1、 Basic information of subsidies

Willfar Information Technology Co.Ltd(688100) (hereinafter referred to as "the company") and its holding subsidiaries have received a total government subsidy of 27666146.51 yuan from September 9, 2021 to February 9, 2022. 2、 Types of subsidies and their impact on Listed Companies

According to the relevant provisions of the accounting standards for Business Enterprises No. 16 - government subsidies, the above government subsidies of 27666146.51 yuan are income related government subsidies.

The above government subsidies will have a certain impact on the company's profits. The specific accounting treatment and impact on the company shall be subject to the results confirmed by the accountant's annual audit. Please pay attention to the investment risks.

It is hereby announced.

Willfar Information Technology Co.Ltd(688100) board of directors February 10, 2022

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