Dynavolt Renewable Energy Technology (Henan) Co.Ltd(002684) : suggestive announcement that some shares of the company held by shareholders holding more than 5% shares will be auctioned by the judiciary

Securities code: Dynavolt Renewable Energy Technology (Henan) Co.Ltd(002684) securities abbreviation: Dynavolt Renewable Energy Technology (Henan) Co.Ltd(002684) Announcement No.: 2022018 Lion New Energy Technology (Henan) Co., Ltd

Suggestive announcement that some shares of the company held by shareholders holding more than 5% of the shares will be auctioned by the judiciary

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.

Special risk tips:

1. Mengshi new energy technology (Henan) Co., Ltd. (hereinafter referred to as “the company”) holds more than 5% of the shareholders, Shenzhen Qianhai Yide capital advantage equity investment fund partnership (limited partnership) (hereinafter referred to as “Yide advantage”) and its concerted actors, Shantou Chenghai Humei Battery Co., Ltd. (hereinafter referred to as “Humei company”) Mr. Chen Lewu, one of the actual controllers of the company, holds 185654420 shares in total, accounting for 32.72% of the total share capital of the company; The cumulative number of Pledged Shares is 185057451, accounting for 99.68% of the total shares of the company and 32.62% of the total share capital of the company; The cumulative number of frozen shares is 185654420, accounting for 100% of the total shares of the company and 32.72% of the total share capital of the company.

2. Yide advantage and some of the company’s shares pledged to the pledgee by Humei company and Mr. Chen Lewu have fallen below the closing price, so there is a risk of passive reduction. Part of the company’s shares held by Yide advantage are auctioned, which has no direct impact on the company’s control right. If the company’s shares held by Yide advantage and its persons acting in concert are reduced by the pledgee or the frozen company’s shares are judicially disposed of, the company has the risk of change of control right.

3. In view of the fact that the judicial auction of some shareholders’ shares is still in the publicity stage, according to relevant regulations, the court has the right to suspend the auction or withdraw the auction before and during the auction. The follow-up may involve auction, payment, equity change and transfer, and the auction results are uncertain.

Please invest rationally and pay attention to investment risks.

The company recently received the notice of auction issued by the higher people’s Court of Hubei Province and learned that some shares of the company held by Yide advantage will be held from 10:00 on March 25, 2022 to 10:00 on March 26, 2022 (postponed)

Public judicial auction of litigation assets of the people’s court is conducted online, and the relevant information is hereby announced as follows:

1、 Basic information of shareholders’ shares being auctioned

1. Basic information of this share auction

Whether the shareholder is the controlling shareholder, whether the proportion of the total company held in this auction is the auction name or the largest shareholder and the number of shares, the proportion of shares, the proportion of share capital, the auction date of restricted shares, the reason for the auctioneer’s concerted action (shares)

On March 25, 2022, the unanimous 2205700075.91% 3.89% no date of Hubei pledged Yide’s controlling shareholders will be from March 10, 2022 to March 26, 2022, when the senior person’s securities return to the superior actor disputes the purchase of the civil court (except for the delay)

2. The accumulated shares of the company held by Yide advantage and its persons acting in concert were auctioned

As of the announcement date, the accumulated shares of the company held by Yide advantage and its persons acting in concert were auctioned as follows:

Name of shareholder number of shares held cumulative number of shares auctioned cumulative number of marked shares in the total proportion of the company (shares) (shares) number of shares (shares) proportion of shares held total share capital

Yide advantage 290570005.12% 142200000 48.94% 2.51%

Humei company 11432652020.15% 12289430 1.07% 0.22%

Chen Lewu 422709007.45% 0

15432442% in total

2、 Other relevant instructions

1. Yide advantage and its persons acting in concert have no record of overdue or default of new large debts in the last year,

There is no reduction in the credit rating of the subject and the debt, and there is no significant new debt involved due to its own debt problems

Litigation or arbitration.

2. The advantages of Yide and its persons acting in concert do not infringe on the public interest, such as non operating fund occupation, illegal guarantee, etc

The interests of the company.

3. Yide advantage and some of the company’s shares pledged to the pledgee by Humei company and Mr. Chen Lewu have fallen below

There is a risk of passive reduction in the closing price. Some of the company’s shares held by Yide advantage were auctioned and have not been sold yet

Have a direct impact on the control of the company, if the shares of the company held by Yide advantage and its persons acting in concert are pledged

If the company’s shares reduced or frozen by the obligee are judicially disposed of, the company has the risk of change of control.

4. In view of the fact that the judicial auction of some shareholders’ shares is still in the publicity stage, according to relevant regulations, the court has the right to suspend the auction or withdraw the auction before and during the auction. The follow-up may involve auction, payment, equity change and transfer, and the auction results are uncertain. The company will pay close attention to the follow-up progress and timely perform the obligation of information disclosure in accordance with the provisions and requirements of relevant laws and regulations. Please invest rationally and pay attention to investment risks.

It is hereby announced.

Board of directors of Mengshi new energy technology (Henan) Co., Ltd

March 2, 2002

- Advertisment -