Zhejiang Wanliyang Co.Ltd(002434) : Announcement on delaying the reply to the letter of concern of Shenzhen Stock Exchange

Securities code: 002434 securities abbreviation: Zhejiang Wanliyang Co.Ltd(002434) Announcement No.: 2022-016 Zhejiang Wanliyang Co.Ltd(002434)

Announcement on delaying the reply to the letter of concern of Shenzhen Stock Exchange

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.

Zhejiang Wanliyang Co.Ltd(002434) (hereinafter referred to as “the company”) received the attention letter on Zhejiang Wanliyang Co.Ltd(002434) issued by Shenzhen Stock Exchange on February 7, 2022 (company Department attention letter [2022] No. 117) (hereinafter referred to as “the attention letter”), requiring the company to reply to and disclose the attention letter before February 14, 2022.

The company attaches great importance to the reply to the letter of concern and immediately organizes relevant personnel to implement the problems in the letter of concern one by one. As the goodwill impairment of the company in the letter of concern involves the evaluation work of the evaluation organization, and requires the accounting firm to express opinions on the goodwill impairment of the company, the relevant work needs a certain time. In order to ensure the authenticity, accuracy and integrity of the reply to the letter of concern, the company applies for an extension of reply to the letter of concern, The reply time is expected to be no later than February 25, 2022. The company will actively promote the reply to the letter of concern, complete the reply as soon as possible and fulfill the obligation of information disclosure in time.

The information disclosure media designated by the company are cninfo.com, securities times, Securities Daily, China Securities News and Shanghai Securities News. All information of the company shall be subject to the information published in the above designated media. Please invest rationally and pay attention to risks.

It is hereby announced.

Zhejiang Wanliyang Co.Ltd(002434) board of directors

February 15, 2022

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