688418: Announcement on the results of share reduction by specific shareholders

Securities code: 688418 securities abbreviation: Genew Technologies Co.Ltd(688418) Announcement No.: 2022-013

Genew Technologies Co.Ltd(688418)

Announcement on the results of share reduction by specific shareholders

The board of directors, all directors and relevant shareholders 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.

Important content tips:

Basic information of shareholders' shareholding: prior to the implementation of the reduction plan, the specific shareholder of Shenzhen Genew Technologies Co.Ltd(688418) Co., Ltd. (hereinafter referred to as " Genew Technologies Co.Ltd(688418) " or "the company") Xinjiang Dongfan equity investment partnership (limited partnership) (hereinafter referred to as "Xinjiang Dongfan") held 9155028 tradable shares with unlimited sales conditions, Accounting for 4.73% of the total shares of the company.

Implementation results of the share reduction plan: on July 24, 2021, the company disclosed the announcement on the share reduction plan of specific shareholders (Announcement No.: 2021-033). On November 16, 2021, the company disclosed the announcement on the progress of more than half the reduction time of specific shareholders (Announcement No.: 2021 - 053). On February 15, 2022, the company received the notification letter on the results of reducing the shares of Zhenyou technology sent by the shareholder Xinjiang Dongfan. During the period of this reduction plan, Xinjiang Dongfan did not reduce the shares of the company. As of the date of this announcement, Xinjiang Dongfan still holds 9155028 shares of the company's tradable shares with unlimited sales conditions, accounting for 4.73% of the total shares of the company.

1、 Basic information of the reducing entity before the reduction

Number of shares held current shareholding shareholder name shareholder identity shareholding proportion

(stock) source

Xinjiang Dongfan's equity investment accounts for 4.73% of shareholders with less than 5% of 9155028 shares obtained before IPO: 9155028 shares of partnership (limited partnership)

The above reduction subjects have no concerted action.

2、 Implementation results of the reduction plan (I) shareholders disclose the implementation results of the reduction plan due to the following matters: the disclosed reduction time interval expires

Current reduction

Reduction price reduction total reduction shareholding current number of shareholders holding reduction period reduction interval amount completed number of shareholding scale (inter share ratio method (yuan) (share ratio) (example /)

Shares)

Xinjiang East 0% 2021 / 8 / centralized 0-0 0 unfinished 9155, 4.73 all equity 16 ~ bidding: 028% investment, 2022 / 2 / transaction 3872,

Joint venture 15 200

(limited shares)

Partnership)

(II) whether the actual reduction is consistent with the previously disclosed reduction plan and commitment √ yes □ no (III) whether the reduction period expires and whether the reduction has not been implemented √ not implemented □ implemented

During this reduction plan, Xinjiang Dongfan did not implement the reduction. (IV) whether the actual reduction has not reached the minimum reduction quantity (proportion) of the reduction plan □ not reached √ reached (V) whether the reduction plan is terminated in advance □ yes √ no

It is hereby announced.

Genew Technologies Co.Ltd(688418) board of directors February 16, 2022

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