Suzhou Victory Precision Manufacture Co.Ltd(002426) : Announcement on the controlling shareholder’s receipt of the decision on administrative supervision measures of Jiangsu Securities Regulatory Bureau

Securities code: 002426 securities abbreviation: Suzhou Victory Precision Manufacture Co.Ltd(002426) Announcement No.: 2022-020 Suzhou Victory Precision Manufacture Co.Ltd(002426)

Announcement on the controlling shareholder’s receipt of the decision on administrative supervision measures of Jiangsu Securities Regulatory Bureau

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.

The controlling shareholder of Suzhou Victory Precision Manufacture Co.Ltd(002426) (hereinafter referred to as “the company”) On February 15, 2022, Mr. Gao Yugen, the actual controller, received the decision on taking regulatory measures to issue warning letters to Gao Yugen (administrative regulatory measures decision [2022] No. 15) (hereinafter referred to as the “decision”) issued by Jiangsu regulatory bureau of China Securities Regulatory Commission (hereinafter referred to as “Jiangsu securities regulatory bureau”), and now announced the contents of the decision as follows:

1、 Decision on regulatory measures for issuing warning letters to Gao Yugen

“According to the investigation, from November 4, 2019 to November 28, 2019, the shares of Suzhou Suzhou Victory Precision Manufacture Co.Ltd(002426) Manufacturing Co., Ltd. (hereinafter referred to as Suzhou Victory Precision Manufacture Co.Ltd(002426) or the company) you held were forcibly closed by the pledgee Citic Securities Company Limited(600030) , and you reduced 9.1915 million shares through centralized bidding, accounting for 0.27% of the total share capital of the company. As Suzhou Victory Precision Manufacture Co.Ltd(002426) The controlling shareholder of the company did not pre disclose the reduction plan 15 trading days before the first reduction of the company’s shares.

The above acts violate the provisions of Article 8 of Several Provisions on the reduction of shares held by shareholders and directors, supervisors and senior managers of listed companies (CSRC announcement (2017) No. 9) and paragraph 1 of Article 2 of the measures for the administration of information disclosure of listed companies (CSRC Order No. 40). According to the provisions of Article 59 of the measures for the administration of information disclosure of listed companies (Order No. 40 of the CSRC), our bureau has decided to take regulatory measures to issue warning letters to you and record them in the integrity archives of the securities and futures market.

You should strengthen the study of securities laws, regulations and relevant systems, further improve the awareness of standardization, consciously maintain the order of the securities market, earnestly fulfill the obligation of information disclosure according to law, actively cooperate with listed companies in information disclosure, and submit a written report to our bureau within 15 working days after receiving this supervision and management measures.

If you are not satisfied with the supervision and administration measures, you can apply to the China Securities Regulatory Commission for administrative reconsideration within 60 days from the date of receiving the decision, or you can bring a lawsuit to the people’s court with jurisdiction within 6 months from the date of receiving the decision. During the period of reconsideration and litigation, the above supervision and management measures shall not be suspended. “

2、 Relevant description

After receiving the above administrative supervision measures, Mr. Gao Yugen, the controlling shareholder and actual controller of the company, attaches great importance to it, and will seriously learn lessons, earnestly strengthen the study of relevant laws, regulations and normative documents, strengthen the awareness of standardized operation, strictly regulate the trading of shares of listed companies, and timely fulfill the obligation of information disclosure. The above administrative supervision measures have no significant impact on the production and operation of the company. Please invest rationally and pay attention to investment risks.

Suzhou Victory Precision Manufacture Co.Ltd(002426) board of directors February 15, 2022

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