Suzhou Sushi Testing Group Co.Ltd(300416) : Announcement on the expiration and completion of the reduction plan of specific shareholders

Securities code: 300416 securities abbreviation: Suzhou Sushi Testing Group Co.Ltd(300416) Announcement No.: 2022-013 bond Code: 123060 bond abbreviation: Jiangsu test convertible bond

Suzhou Sushi Testing Group Co.Ltd(300416)

Announcement on the expiration and completion of the reduction plan of specific shareholders

The specific shareholder Suzhou Honghua Investment Development Co., Ltd. guarantees that the information provided to the company is true, accurate and complete without false records, misleading statements or major omissions.

The company and all members of the board of directors guarantee that the contents of the announcement are consistent with the information provided by the information disclosure obligor.

Suzhou Sushi Testing Group Co.Ltd(300416) (hereinafter referred to as “the company”) disclosed the announcement on pre disclosure of share reduction plan of specific shareholders (Announcement No.: 2021-082) on August 10, 2021, Suzhou Honghua Investment Development Co., Ltd. (hereinafter referred to as “Honghua investment”), a specific shareholder of the company, plans to reduce all its directly held shares of the company by means of centralized bidding transaction or block transaction from August 31, 2021 to February 27, 2022, Among them, 1372200 shares are the shares before the company’s initial public offering and converted from capital reserve to share capital, and 195000 shares are the shares increased in the secondary market and converted from capital reserve to share capital, accounting for 0.53% and 0.07% of the company’s total share capital (excluding repurchase of shares in special account) as of August 6, 2021, respectively.

Recently, the company received the notification letter on the expiration of the reduction plan from Honghua investment. As of the date of this announcement, the above reduction plan of Honghua investment has been implemented. After the reduction, Honghua investment will no longer hold the company’s shares. The relevant information is hereby announced as follows:

1、 Shareholder reduction

1. Share reduction by shareholders

Shareholders’ reduction method: average price of reduction during the reduction period (yuan, number of shares reduced, name of reduction proportion / share) (10000 shares) (%)

Bidding in the secondary market 28.56 156.72 0.56 on September 2, 2021

Honghua transaction – February 25, 2022

Total investment

156.72 0.56

Note: the source of this reduction of shares of Honghua investment is the shares held before the company’s initial public offering and the secondary market

Increased shares and shares converted from corresponding capital reserve into share capital. Among them, 1372200 shares were held before and after the company’s initial public offering

195000 shares converted from capital reserve into share capital are the shares increased in the secondary market and converted from capital reserve into share capital

They account for 0.49% and 0.07% of the total share capital of the company as of February 24, 2022 (excluding repurchase of shares in special account).

2. Shareholding of shareholders before and after this reduction

Shares held before the reduction and shareholders holding shares after the reduction share nature share proportion of total share capital share proportion of total share capital

(10000 shares) (%) (10000 shares) (%)

Total shares held 156.72 0.56 0

Honghua, including: shares with unlimited sales conditions 156.72 0.56 0

investment

Shares with limited sales conditions 0

Note: the proportion in the above table is calculated based on the total share capital of the company deducting the shares in the special account for repurchase as of February 24, 2022.

2、 Other relevant instructions

1. The reduction plan and implementation of Honghua investment meet the requirements of Shenzhen Stock Exchange GEM stocks

Municipal rules, Shenzhen Stock Exchange self regulatory guidelines for listed companies No. 2 – GEM listed companies

Standardized operation, several provisions on the reduction of shares held by shareholders, directors, supervisors and senior executives of listed companies, and Shenzhen Securities Exchange

Detailed rules for the implementation of share reduction by shareholders, directors, supervisors and senior managers of listed companies and other relevant laws

Regulations and normative documents.

2. As of the date of this announcement, the reduction plan of Honghua investment has been implemented, and the implementation of the reduction is consistent with

The disclosed reduction plan is consistent with relevant commitments.

3. The implementation of this reduction plan will not lead to the change of the company’s control and will not affect the company’s shareholding

Impact on continuing operations.

3、 Documents for future reference

1. Notification letter on the expiration of the reduction plan issued by Honghua investment. It is hereby announced.

Suzhou Sushi Testing Group Co.Ltd(300416) board of directors February 25, 2022

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