600321: Announcement on receiving inquiry letter on matters related to share repurchase from Shanghai Stock Exchange

Securities code: 600321 stock abbreviation: Rightway Holdings Co.Ltd(600321) No.: 2022-012 Rightway Holdings Co.Ltd(600321)

Announcement on receiving the inquiry letter on matters related to share repurchase from Shanghai Stock Exchange

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.

Rightway Holdings Co.Ltd(600321) (hereinafter referred to as “the company”) received the inquiry letter on matters related to Rightway Holdings Co.Ltd(600321) share repurchase (szgh [2022] No. 0132) (hereinafter referred to as “the inquiry letter”) issued by Shanghai Stock Exchange on February 21, 2022. Now the specific contents of the inquiry letter are announced as follows:

On February 21, 2022, your company submitted an announcement to terminate the repurchase of the company’s shares. The actual number of shares repurchased by your company is 1660200 shares, accounting for 7.64% of the lower limit specified in the early repurchase plan; The total amount of funds paid is 3.564 million yuan, accounting for 7.01% of the lower limit specified in the early repurchase plan. The actual repurchase situation is quite different from the repurchase plan. In accordance with article 13.1.1 and other relevant provisions of the stock listing rules of the exchange, your company is hereby requested to further verify the following matters and disclose them to the public.

1、 Please explain whether the early-stage decision is prudent in combination with the capital situation when formulating the repurchase plan, the risk of stock pledge of major shareholders and the consideration and evaluation of the company’s own capital use needs. Independent directors and the board of supervisors are invited to express their opinions on the above issues.

2、 Please explain the reason and rationality of the failure to complete the share repurchase in combination with the capital changes and use since the launch of the repurchase plan, and whether the company has given timely and sufficient risk tips for the failure to complete the repurchase on schedule. Independent directors and the board of supervisors are invited to express their opinions on the above issues.

The implementation of share repurchase by listed companies has a great impact on the company and investors. Your company and all directors, supervisors and senior managers should earnestly implement the requirements of this letter and comprehensively verify the situation in a responsible attitude towards investors. Please disclose the information immediately after receiving this inquiry letter, and disclose the reply to this inquiry letter within 5 working days. At present, the company is carrying out the reply to the inquiry letter for the above inquiry, and the company will reply to the above questions in time and fulfill the obligation of information disclosure. The information disclosure media designated by the company are Shanghai Securities News, China Securities News, Securities Daily, securities times and the website of Shanghai Stock Exchange (www.sse. Com. CN), All information of the company shall be subject to the contents disclosed in the above designated information disclosure media. Please invest rationally and pay attention to investment risks.

It is hereby announced.

Rightway Holdings Co.Ltd(600321)

Board of directors

February 22, 2022

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