Zhejiang Sanhua Intelligent Controls Co.Ltd(002050) : Announcement on clarification of customer recall

Securities code: 002050 securities abbreviation: Zhejiang Sanhua Intelligent Controls Co.Ltd(002050) Announcement No.: 2022-013 bond Code: 127036 bond abbreviation: Sanhua convertible bond

Zhejiang Sanhua Intelligent Controls Co.Ltd(002050)

Clarification notice on customer recall

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.

Tesla (Shanghai) Co., Ltd. filed a recall plan for some domestic model 3 and model y electric vehicles with China’s state market supervision and administration. The above-mentioned recall has aroused widespread concern in the market, and the management of Zhejiang Sanhua Intelligent Controls Co.Ltd(002050) (hereinafter referred to as “the company”) attaches great importance to it. In order to safeguard the interests of investors, the relevant information is clarified as follows:

It is confirmed that the problem is caused by the interruption of controller communication. When the heat pump model runs the software (version 2021.44 to 2021.44.30.6) and the controller communication is interrupted, the vehicle software cannot close the electronic expansion valve. So far, the company has not received any quality complaints from Tesla about the electronic expansion valve itself related to this problem. This recall has nothing to do with the electronic expansion valve provided by the company. The company’s major factories have stable product quality, strong demand and booming production and sales.

It is hereby announced.

Zhejiang Sanhua Intelligent Controls Co.Ltd(002050) board of directors

February 21, 2022

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