600589: Guangdong Rongtai: Announcement on the results of share increase by shareholders holding more than 5%

Securities code: 600589 securities abbreviation: Guangdong Rongtai Announcement No.: 2022-010 Guangdong Rongtai Industry Co.Ltd(600589)

Announcement on the results of the increase of shares held by shareholders holding more than 5%

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:

Guangdong Rongtai Industry Co.Ltd(600589) (hereinafter referred to as “the company”) received a notice from Mr. Gao Dapeng, a shareholder holding more than 5% of the shares, on February 22, 2022. Mr. Gao Dapeng increased 13580665 shares of the company through block trading through the trading system of Shanghai Stock Exchange on February 21, 2022, accounting for 1.93% of the total share capital of the company, with an average transaction price of RMB 2.08 per share, The cumulative increase in holdings was RMB 28.2478 million. After the completion of this increase, Mr. Gao Dapeng held 82828134 shares of the company, accounting for 11.76% of the total share capital of the company. The share increase plan has been implemented.

1、 Basic information of the increased holding subject

(I) increased holding subject: Gao Dapeng

(II) number and shareholding ratio of shares held by the increase subject: before this increase, Mr. Gao Dapeng held 69247469 shares of the company, accounting for 9.84% of the total share capital of the company. After the completion of this increase, Mr. Gao Dapeng held 82828134 shares of the company, accounting for 11.76% of the total share capital of the company.

2、 Main contents of the shareholding increase plan

1. Purpose of this increase: Mr. Gao Dapeng hopes to promote the improvement of corporate governance structure by increasing his shareholding, so as to effectively safeguard the interests of all shareholders, especially small and medium-sized shareholders.

2. Type of shares increased this time: A shares of the company.

3. The number of shares increased this time: the number of shares to be increased shall not be less than 1% and not more than 2% (including 2%) of the company’s total share capital.

4. Price of this increase: there is no price range set in this increase plan. Mr. Gao Dapeng will gradually implement the increase plan based on the reasonable judgment of the company’s stock price and according to the fluctuation of the company’s stock price and the overall trend of the capital market.

5. The implementation period of this share increase plan: within 12 months from the date of announcement and disclosure of the share increase plan to February 19, 2022, if the trading of the company’s shares is suspended during the implementation period of the share increase plan, the implementation of the share increase plan will be postponed after the resumption of trading, and the relevant information will be disclosed in time.

6. Capital arrangement for this increase: self owned funds or self raised funds.

7. The way of this increase: centralized bidding, block trading, etc.

3、 Implementation results of the shareholding increase plan

On February 21, 2022, Mr. Gao Dapeng increased 13580665 shares of the company through block trading through the trading system of Shanghai Stock Exchange, accounting for 1.93% of the total share capital of the company, with an average transaction price of RMB 2.08/share and a cumulative increase of RMB 28.2478 million. After the completion of this increase, Mr. Gao Dapeng held 82828134 shares of the company, accounting for 11.76% of the total share capital of the company. The share increase plan has been implemented. 4、 Other matters

1. This increase complies with the relevant provisions of the securities law and other laws and regulations, departmental rules and the business rules of Shanghai Stock Exchange.

2. The completion of this shareholding increase is consistent with the shareholding increase plan.

It is hereby announced.

Guangdong Rongtai Industry Co.Ltd(600589) board of directors February 24, 2022

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