600537: Eging Photovoltaic Technology Co.Ltd(600537) announcement on the share reduction plan of shareholders holding more than 5% and their persons acting in concert

Securities code: 600537 securities abbreviation: Eging Photovoltaic Technology Co.Ltd(600537) Announcement No.: 2022-027 Eging Photovoltaic Technology Co.Ltd(600537)

About shareholders holding more than 5% shares and persons acting in concert

Announcement of share reduction plan

The board of directors, all directors and relevant shareholders 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:

Basic information of shareholders holding more than 5% of the shares and their persons acting in concert: as of the date of this announcement, Xun Jianhua and his persons acting in concert Xun Jianping and Yao Zhizhong (hereinafter collectively referred to as “reducing shareholders”) as more than 5% shareholders of Eging Photovoltaic Technology Co.Ltd(600537) (hereinafter referred to as “the company” or “listed company”) hold 90080840 shares of the company’s non tradable shares, Accounting for 7.66% of the total share capital of the company, these shares come from the shares converted from capital reserve when the company issues shares to purchase assets and distributes profits.

Main contents of the reduction plan: within six months after three trading days from the date of the announcement of the reduction plan, the shareholders plan to reduce the total shares of the company held by them through centralized bidding trading and block trading, which is no more than 70581555 shares, that is, no more than 6% of the total share capital of the company. Among them, (1) the number of shares reduced through centralized bidding transaction shall not exceed 23527185 shares (i.e. not more than 2% of the total number of shares of the company), and the total number of shares reduced through centralized bidding within any continuous 90 days shall not exceed 1% of the total number of shares of the company, Moreover, the reduction of shares through centralized bidding will be carried out 15 trading days after the date of the listed company’s announcement of the reduction plan; (2) The number of shares of the company reduced through block trading shall not exceed 47054370 (i.e. not more than 4% of the total number of shares of the company), and the total number of shares reduced through block trading within any continuous 90 days shall not exceed 2% of the total number of shares of the company. If the company has changes in shares such as share distribution and conversion of capital reserve to share capital during the reduction plan, the number of shares to be reduced will be adjusted accordingly. Reduction price

It will be determined according to the market price and relevant regulations when the reduction is implemented. Such as China Securities Regulatory Commission and Shanghai

The stock exchange revised the relevant provisions on the reduction of shares of listed companies by major shareholders to reduce their shareholding

Dongjiang may adjust the reduction plan accordingly according to the new regulations.

1、 Basic information of reducing shareholders

Number of shares held

Shareholder name shareholder identity shareholding proportion current shareholding source (share)

More than 5% of the assets purchased by non issuing shares are taken as Xun Jianhua 78563216 6.68%

One major shareholder: 78563216 shares

The assets purchased by issuing shares are 5758812 0.49% of the shareholders under 5% of Xun Jianping

Gain: 5758812 shares

Issuing shares to purchase assets takes 0.49% of Yao Zhizhong’s 5758812 shareholders with less than 5%

Gain: 5758812 shares

There are persons acting in concert with the above reduction shareholders:

Number of shares held

Name of shareholders shareholding ratio concerted action relationship formation reason (share)

The first group Xun Jianhua 78563216 6.68% Xun Jianhua is the brother of Xun Jianping and Xun Jianhua is the brother-in-law of Yao Zhizhong.

Xun Jianping 5758812 0.49% Xun Jianhua is brother of Xun Jianping and brother-in-law of Yao Zhizhong.

Yao Zhizhong 5758812 0.49% Xun Jianhua is the brother of Xun Jianping and Xun Jianhua is Yao Zhizhong’s brother-in-law.

Total 90080840 7.66% –

Share reduction of shareholders in the past 12 months

Number of reduction price range of reduction of holdings the name of shareholders disclosed in the early reduction plan and the reduction period

(share) proportion (yuan / share) date

Xunhua, 19.68% – 15.05.2027

2022/1/14

Xun Jianping 0% July 19, 2021 ~ 0-0 July 10, 2021

2022/1/14

Yao Zhizhong 0% July 19, 2021 ~ 0-0 July 10, 2021

2022/1/14

2、 Main contents of share reduction plan

Planned reduction

The shareholders plan to reduce the bidding transaction, propose to reduce the shareholding, propose to reduce the original quantity, reduce the way and adjust the price

Name of share source during share reduction due to shareholding ratio

(share) range

Xun Jian no more than: no more than: bidding transaction reduction, 2022 / 3 / 17 ~ the demand for asset purchase at the price of 6.00% 2022 / 9 / 2 of personal capital Hua 70581,55 issued shares in the market

5 shares not exceeding:

23527185 shares

Block trading reduction,

Not more than:

47054370 shares

Xun Jian no more than: no more than: reduction of competitive trading, demand for asset purchase from March 17, 2022 to September 2, 2022 at the price of 0.49% of the average personal capital of 5758812 issued shares in the market

No more than:

5758812 shares

Block trading reduction,

Not more than:

5758812 shares

Yao Zhi no more than: no more than: reduction of competitive trading, demand for asset purchase from March 17, 2022 to September 2, 2022, at the price of 0.49% of 5758812 personal funds issued in the market

No more than:

5758812 shares

Block trading reduction,

Not more than:

5758812 shares

(1) Are there any other arrangements for reducing shareholders □ yes √ no

(2) Prior to the reduction, the shareholders of the reduction have made comments on the shareholding ratio, shareholding quantity, shareholding period, reduction method, reduction quantity and reduction amount

Whether the holding price has made a commitment √ yes □ no

Reducing shareholders have made share lock-in commitments when the listed company issued shares to purchase assets. At present

Completed.

Whether the proposed reduction is consistent with the previously disclosed commitments √ yes □ no

3、 Relevant risk tips

(1) The above reduction plan is independently decided by the reduction shareholders according to their own capital needs, and the reduction shareholders will

Whether and how to implement the above reduction plan shall be determined by the market situation, the company’s share price and other specific circumstances.

(2) Whether the implementation of the share reduction plan may lead to the risk of change in the control of the listed company □ yes √ no

(3) Other risk tips

Please pay attention to investment risks and invest rationally.

It is hereby announced.

Eging Photovoltaic Technology Co.Ltd(600537) board of directors February 24, 2022

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