Hongbo Co.Ltd(002229) : Hongbo Co.Ltd(002229) explanation of the board of directors on the fluctuation of the company’s stock price before the announcement of the reorganization information

Hongbo Co.Ltd(002229) board of directors

Explanation on the fluctuation of the company’s stock price before the announcement of the reorganization information

Hongbo Co.Ltd(002229) (hereinafter referred to as “the company”) intends to purchase 51.00% shares of Guangzhou Keyu Siasun Robot&Automation Co.Ltd(300024) Co., Ltd. held by Guangdong Baole Siasun Robot&Automation Co.Ltd(300024) Co., Ltd. in cash. (the above transactions are hereinafter collectively referred to as “this transaction”).

The trading of the company’s shares in this restructuring has not been suspended. According to relevant regulations, the company has conducted a self-examination on the fluctuation of the stock price in the 20 trading days before the announcement of major information sensitive to the stock price, as well as the fluctuation of Shenzhen Component Index and industry index during this period. The results are as follows:

Stock price unit: yuan / share

Rise and fall of the project from January 10, 2022 to February 14, 2022

The closing price of the company’s shares (yuan / share) 6.82 6.40 – 6.16%

Shenzhen Composite Index closing price (399001. SZ) 14406.97 13123.21 -8.91%

Shenzhen Stock Exchange printing index 3077.24 3007.91 – 2.25% (cn6042. SZ)

Excluding the impact of the market, the rise and fall was 2.75%

Excluding the influence of the same industry sector, the rise and fall was – 3.91%

Data source: wind information

Note: the discrepancy of mantissa in the above table is caused by rounding.

The closing price of the 21st trading day (January 10, 2022) before the announcement of the company’s major asset restructuring information was 6.82 yuan / share, and the closing price of the previous trading day (February 14, 2022) was 6.40 yuan / share. The cumulative decline in the 20 trading days before the disclosure of the restructuring information was 6.16%. Over the same period, the Shenzhen Composite Index (399001. SZ) fell from 14406.97 points to 13123.21 points, a decrease of 8.91%; Over the same period, the Shenzhen Stock Exchange printing index (cn6042. SZ) fell from 3077.24 points to 3007.91 points, a decrease of 2.25%. After excluding the influence of market factors, compared with Shenzhen composite index, the company’s share price rose by 2.75% in the 20 trading days before the disclosure of restructuring information; After excluding the influence of printing sector factors, compared with Shenzhen Composite Index and Shenzhen Stock Exchange printing index, the company’s share price fell by 3.91% in the 20 trading days before the disclosure of restructuring information. To sum up, after excluding the influence of market factors and industry sector factors respectively, the cumulative increase of the company’s shares in the 20 trading days before the release of sensitive and important information of stock price did not exceed 20%, and there was no abnormal fluctuation.

It is hereby explained.

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(there is no text on this page, which is the signature page of the Hongbo Co.Ltd(002229) board of directors’ explanation on the fluctuation of the company’s stock price before the announcement of the restructuring information)

Hongbo Co.Ltd(002229) board of directors

February 14, 2022

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