603496: Announcement on lifting the ban on the listing and circulation of restricted shares of non-public offering

Securities code: 603496 securities abbreviation: Embedway Technologies (Shanghai) Corporation(603496) Announcement No.: 2022-006 Embedway Technologies (Shanghai) Corporation(603496) (Shanghai) Co., Ltd

Announcement on lifting the ban on the listing and circulation of non-public offering shares and restricted shares

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 number of restricted shares listed and circulated this time is 28932436

The listing and circulation date of restricted shares is February 24, 2022

1、 Types of restricted shares listed this time

With the approval of the reply on Approving the non-public development of shares of Embedway Technologies (Shanghai) Corporation(603496) (Shanghai) Co., Ltd. (zjxk [2020] No. 1827) issued by the CSRC, Embedway Technologies (Shanghai) Corporation(603496) (Shanghai) Co., Ltd. (hereinafter referred to as “the company” or “the company”) is approved to issue 28932436 RMB ordinary shares in the form of non-public development of shares. The registration and custody procedures of the company’s new shares in this non-public offering were completed in Shanghai Branch of China Securities Depository and Clearing Co., Ltd. on August 23, 2021.

According to the relevant provisions of the measures for the administration of securities issuance by listed companies and the detailed rules for the implementation of non-public offering of shares by listed companies, the restricted period for non-public issuance of allocated shares is 6 months, which will be listed and traded on the Shanghai Stock Exchange from the next trading day after the expiration of the restricted period. In case of legal holidays or rest days, it will be postponed to the first trading day thereafter.

2、 Changes in the number of share capital of the company since the formation of the restricted shares

After the registration of new shares in this non-public offering is completed, the total number of shares of the company has increased by 28932436 shares, and the total number of shares of the company has increased from 199046493 shares to 227978929 shares. On October 27, 2021, the eighth meeting of the third board of directors and the eighth meeting of the third board of supervisors deliberated and adopted the proposal on the proposed repurchase and cancellation of some restricted shares and cancellation of some stock options. The total number of shares repurchased and cancelled this time was 24424, and the total number of shares of the company was changed from 227978929 to 227954505. In addition to the above, there has been no other change in the number of share capital of the company since the formation of restricted shares in this non-public offering.

3、 Relevant commitments on the listing and circulation of restricted shares

All 13 issuers who lifted the restrictions on the sale of restricted shares in this non-public offering promised that the shares subscribed for would not be transferred within 6 months from the date of completion of the issuance.

As of the date of this announcement, the relevant shareholders who lifted the restricted shares have strictly fulfilled the relevant commitments, and there is no situation that the failure to fulfill the relevant commitments affects the listing and circulation of the restricted shares.

The holders of restricted shares applying for listing this time have no special commitment to listing.

4、 Verification opinions of intermediary institutions

After verification, the company’s sponsor Citic Securities Company Limited(600030) believes that:

“1. The listing and circulation of restricted shares complies with the company law, the Listing Rules of Shanghai Stock Exchange and other relevant provisions;

2. The number of restricted shares lifted and the listing and circulation time are in line with relevant laws and regulations and the commitment of restricted shares;

3. The information disclosure of the circulation and listing of restricted shares is true, accurate and complete;

The recommendation institution has no objection to Embedway Technologies (Shanghai) Corporation(603496) the lifting of the ban on the listing and circulation of restricted shares in this non-public offering. “

5、 Listing and circulation of restricted shares

The number of restricted shares listed and circulated this time is 28932436;

The listing and circulation date of restricted shares is February 24, 2022;

The listing and circulation details of restricted shares are as follows:

Number of names of remaining restricted shareholders holding restricted shares and limited share capital in the secondary listing flow (unit: proportion in the total number of shares of the company (number of shares sold only) (unit: share) (unit: share)

1 CAITONG Fund Management Co., Ltd. 4662218 2.05% 4662218 0

2 Guotai Junan Securities Co.Ltd(601211) Securities Co., Ltd. 4170141 1.83% 4170141 0

company

3 Nord Fund Management Co., Ltd. 3002502 1.32% 3002502 0

4 Huang Zhichun 2585487 1.13% 2585487 0

5 Shanghai Mingda industry (Group) 2502085 1.10% 2502085 0 Co., Ltd

6 Dong Weiguo 2168473 0.95% 2168473 0

7 BNP Paribas 2085070 0.91%

8 Xinyu selects investment partnership 1668056 0.73% (limited partnership)

9 li Wenlin 1668056 0.73%

10 UBSAG 1,668,056 0.73% 1,668,056 0

11 Xingzheng Global Fund Management Co., Ltd. 1084236 0.48%

Ningbo ningju asset management center

12 (limited partnership) – ningju Yingshan 834028 0.37% hong9 private securities investment base

gold

13 Lin Dachun 834028 0.37%

Total 28932436 12.69% 0

6、 Statement of changes in share capital structure

Unit: changes in share capital before the listing and after the listing

1. Shares held by state-owned legal persons 4170141 – 4170141 0

2. Shares held by domestic natural persons 7410611 – 7256044 154567

Limited sales conditions 3. Overseas legal person (including QFII, 3753126 – 3753126 0)

Outstanding shares (rqfii)

4. Others 13753125 – 13753125 0

Total outstanding shares with limited sales conditions 29087003 – 28932436 154567

Tradable shares of A-shares 198867502 28932436 227799938 with no sale conditions total of tradable shares 198867502 28932436 227799938 with no sale conditions

Total shares 227954505 0 227954505

7、 Online announcement attachment

1. Verification opinions on lifting the ban on the listing and circulation of restricted shares of non-public development banks of Embedway Technologies (Shanghai) Corporation(603496) (Shanghai) Co., Ltd. issued by Citic Securities Company Limited(600030) .

It is hereby announced.

Board of directors of Embedway Technologies (Shanghai) Corporation(603496) (Shanghai) Co., Ltd

February 21, 2022

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