Shenzhen Zhongheng Huafa Co.Ltd(000020) : Announcement on receiving government subsidies

Stock Code: 000020 200020 Stock Name: Shenzhen Zhongheng Huafa Co.Ltd(000020) shenhuafa B No.: 2022-05 Shenzhen Zhongheng Huafa Co.Ltd(000020)

Announcement of obtaining government subsidies

The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.

1、 Basic information

Recently, Wuhan HENGFA Technology Co., Ltd. (hereinafter referred to as the “subsidiary”), a subsidiary of Shenzhen Zhongheng Huafa Co.Ltd(000020) (hereinafter referred to as the “company”), applied for the provincial special fund for foreign economic and trade development in 2021 according to the collection guide for projects with outstanding contribution to export-oriented economy in 2021, and recently received a subsidy of 3.5 million yuan from the Bureau of Commerce of Caidian District, Wuhan city. 2、 Impact on the company’s operation

The company recognizes the above matters and classifies the types of subsidies in accordance with the relevant provisions of the accounting standards for Business Enterprises No. 16 – government subsidies. All the subsidy funds obtained above are related to income and are included in the current profit and loss. The final data shall be subject to the results confirmed by the annual audit of the accounting firm. Investors are invited to pay attention to the investment risks.

It is hereby announced.

Shenzhen Zhongheng Huafa Co.Ltd(000020) February 18, 2022

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