Hangzhou Oxygen Plant Group Co.Ltd(002430) : Announcement on the implementation progress of the reduction plan for shareholders holding more than 5%

Securities code: 002430 securities abbreviation: Hangzhou Oxygen Plant Group Co.Ltd(002430) Announcement No.: 2022-019 Hangzhou Oxygen Plant Group Co.Ltd(002430)

Announcement on the implementation progress of the reduction plan of shareholders holding more than 5%

China Huarong Asset Management Co., Ltd., a shareholder holding more than 5% of the company's shares, guarantees that the information provided to the company is true, accurate and complete without false records, misleading statements or major omissions. The company and all members of the board of directors guarantee that the contents of the announcement are consistent with the information provided by the information disclosure obligor.

Hangzhou Oxygen Plant Group Co.Ltd(002430) (hereinafter referred to as "the company" or "the company") disclosed the pre disclosure announcement of Hangzhou Oxygen Plant Group Co.Ltd(002430) on the reduction plan of shareholders holding more than 5% (Announcement No.: 2021-101) on October 26, 2021, China Huarong Asset Management Co., Ltd. (hereinafter referred to as "China Huarong"), a shareholder holding more than 5% of the company's shares, plans to reduce its holdings of no more than 19292075 shares of the company through centralized bidding trading at the stock exchange within six months from the date of the announcement, accounting for 2.00% of the total share capital of the company.

On February 15, 2022, the company received the notice on more than half of the time of China Huarong's share reduction plan issued by China Huarong. As of February 14, 2022, the time of China Huarong's share reduction plan has been more than half, and the share reduction plan has not been implemented yet. In accordance with the provisions on the reduction of shares held by shareholders, directors, supervisors and senior managers of listed companies, the detailed rules for the implementation of the reduction of shares held by shareholders, directors, supervisors and senior managers of listed companies of Shenzhen Stock Exchange and other relevant provisions, the relevant information is hereby announced as follows: 1. The reduction of shares held by shareholders

Proportion of reduced shares in the average price of reduced shares of the company

Shareholder name reduction method proportion of total share capital during reduction period (yuan) (share)

(%)

Centralized bidding transaction of China financing and property management from November 17, 2021 to February 14, 2022 30.48 3663013 0.38

Li Co., Ltd. total 3663013 0.38

2、 Shareholding of shareholders

Shares held before this reduction and shares held after this reduction

Name of shareholder nature of shares proportion of total share capital proportion of total share capital number of shares (shares) number of shares (shares)

Cases (%)

Total number of shares held by China finance 59504580 6.17 55841567 5.79

Property management shares, including: shares with unlimited sales conditions 59504580 6.17 55841567 5.79

Limited company limited sale condition shares 0

3、 Other relevant instructions

1. China Huarong is not the controlling shareholder or actual controller of the company. This reduction will not lead to the change of the company's control and will not have a significant impact on the company's governance structure and sustainable operation.

2. China Huarong did not violate the securities law and the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 - standardized operation of listed companies on the main board Several provisions on the reduction of shares held by shareholders, directors, supervisors and senior managers of listed companies and the implementation rules for the reduction of shares held by shareholders, directors, supervisors and senior managers of listed companies of Shenzhen Stock Exchange.

3. The company has previously disclosed the reduction plan of China Huarong in accordance with relevant regulations, and the actual progress of the reduction is in line with the previously disclosed reduction plan.

4. China Huarong has not completed the implementation of this reduction plan, and China Huarong promises to continue to implement the reduction plan in the pre disclosure announcement. The company will continue to pay attention to the progress of the implementation of China Huarong's shareholding reduction plan, and urge China Huarong to strictly abide by relevant regulations and timely fulfill its obligation of information disclosure in accordance with relevant laws and regulations. 4、 Documents for future reference

Notice on more than half of the planned time of China Huarong holdings reduction sealed by China Huarong Asset Management Co., Ltd.

It is hereby announced.

Hangzhou Oxygen Plant Group Co.Ltd(002430) board of directors

February 15, 2022

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