600872: Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) announcement that some shares of the company held by controlling shareholders will be auctioned by judicial auction

Securities code: 600872 securities abbreviation: Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) Announcement No.: 2022-007

Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) technology industry (Group) Co., Ltd

About some shares of the company held by controlling shareholders

A suggestive announcement that will be auctioned by the judiciary

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

Important content tips

The subject matter to be judicially disposed of this time is 27243590 non restricted circulating shares of the company held by Zhongshan Runtian Investment Co., Ltd. (hereinafter referred to as “Zhongshan Runtian”), the controlling shareholder of Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) technology industry (Group) Co., Ltd. (hereinafter referred to as “the company”), accounting for 3.42% of the total share capital of the company.

The judicial auction of shares will not lead to the change of the controlling right of the company, affect the production and operation of the company, or cause the equity distribution of the company not to meet the listing conditions.

At present, the judicial auction is still in the publicity stage, and the follow-up will involve auction, payment, equity change and transfer, and the auction results are still uncertain. If the above procedures are completed, the company will timely perform the obligation of information disclosure according to the follow-up progress.

On February 20, 2022, the company received the notice from the controlling shareholder Zhongshan Runtian, who received the notice [(2022) Zang 01 Zhi No. 76] of Lhasa intermediate people’s Court of Tibet Autonomous Region (hereinafter referred to as “Lhasa intermediate people’s court”) on the financial loan case of Bank of Tibet Co., Ltd. (hereinafter referred to as “Bank of Tibet”), Lhasa intermediate people’s court will be on the Alibaba judicial auction network platform of Lhasa intermediate people’s Court (court account name: Lhasa) from 10:00 on March 22, 2022 to 10:00 on March 23, 2022 (except for delay)

Securities code: 600872 securities abbreviation: Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) Announcement No.: 2022-007

Intermediate people’s court, homepage of the court: SF taobao. com.) Judicial auction of 27243590 non restricted tradable shares held by Zhongshan Runtian, accounting for 3.42% of the total share capital of the company. The judicial auction is hereby announced as follows:

1、 Main contents of judicial auction

1. Auction object

The company’s 27243590 non restricted tradable shares held by Zhongshan Runtian. The auction is divided into four batches. 7966372 shares are auctioned in the first to third batches, accounting for 1% of the total share capital of the company respectively; 3344474 shares were auctioned in the fourth batch, accounting for 0.42% of the total share capital of the company. The four auctions totaled 27243590 shares, accounting for 3.42% of the total share capital of the company.

2. Auction time

From 10:00 on March 22, 2022 to 10:00 on March 23, 2022 (except for delay). 3. Starting price and price increase range of each bid

Starting price: refer to the average closing price of the 20 trading days before the auction day or the closing price of the day before the auction day multiplied by the total number of shares and multiplied by the discount (range 95% to 85%). 7966372 shares will be auctioned in the first to third batches of shares; Deposit: RMB 25 million; Price increase: RMB 1 million. Auction 3344474 shares in the fourth batch of shares; Deposit: RMB 10 million, price increase: RMB 400000.

4. Bidder’s conditions

Legal persons or natural persons who are prohibited by laws and administrative regulations from holding or trading stocks of listed companies shall not participate in bidding; A legal person or natural person shall not participate in bidding if it is prohibited to acquire a listed company as stipulated by laws, administrative regulations and recognized by the CSRC; The cumulative amount of shares of the listed company already held by the bidder and its persons acting in concert and the amount of shares they bid for shall not exceed the issued shares of the listed company

Securities code: 600872 securities abbreviation: Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) Announcement No.: 2022-007

30% of the amount of shares. If the bidder and its persons acting in concert still participate in the bidding after accumulating 30% of the shares of the listed company, the bidder shall handle it in accordance with the relevant provisions of the securities law of the people’s Republic of China and the measures for the administration of the acquisition of listed companies of the China Securities Regulatory Commission, and report in writing to the Executive Court during this period, Lhasa intermediate people’s court shall suspend the auction procedure according to law. 5. Auction mode

In the way of price increase auction with reservation price, the reservation price is equal to the starting price. Only when at least one person signs up and the bid is not lower than the starting price can the transaction be concluded.

6. If you have any objection to the ownership of the above subject matter, please contact Lhasa intermediate people’s court three working days before the auction.

7. After the buyer completes the bidding and transfers the ownership, its rights and obligations are bound by the securities law and other laws and regulations. 2、 Other relevant instructions and risk tips

1. At present, the above judicial auction matters are still in the publicity stage, and the follow-up will involve auction, payment, equity change and transfer, and the auction results are still uncertain. If the above procedures are completed, the company will timely perform the obligation of information disclosure according to the follow-up progress.

2. As of the disclosure date of this announcement, Zhongshan Runtian held 192990905 shares of the company, accounting for 24.23% of the total share capital of the company. If the judicial auction is successful, it will not lead to the change of the company’s actual control, affect the company’s production and operation, and cause the company’s equity distribution not to meet the listing conditions.

3. As of the disclosure date of this announcement, the freezing of shares held by Zhongshan Runtian is as follows: 163621710 shares have been pledged, accounting for 84.78% of its shares and 20.54% of the total share capital of the company; The cumulative number of judicial marks is 111622253 shares, accounting for 57.84% of the shares held by the company and 20% of the total share capital of the company

Securities code: 600872 securities abbreviation: Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) Announcement No.: 2022-007

14.01%; The cumulative number of judicial frozen shares is 34919195, accounting for 18.09% of its shares and 4.38% of the total share capital of the company; The cumulative number of judicial waiting to be frozen is 48243590 shares, accounting for 25.00% of its shares and 6.06% of the total share capital of the company. In view of the high proportion of pledged (frozen) shares of the company held by Zhongshan Runtian, the company’s shares held by Zhongshan Runtian still have the risk of being disposed of due to other lawsuits. Zhongshan Runtian said that facing temporary financial difficulties, the group is accelerating the sales of real estate projects, accelerating the sale of special assets, trying to recover funds, properly solve the debt problem and ensure the controlling shareholder status of Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) .

The company will pay close attention to the progress of the above-mentioned information disclosure in accordance with the provisions of the Shanghai Stock Exchange. The information disclosure media designated by the company are Shanghai Securities News, China Securities News, securities times, securities daily and the website of Shanghai Stock Exchange (www.sse. Com. CN), The information publicly disclosed by the company shall be subject to the content published in the above designated information disclosure media. Please pay attention to the follow-up announcement and pay attention to the investment risk.

It is hereby announced.

Board of directors of Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) technology industry (Group) Co., Ltd. February 20, 2022

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