Shanghai Zhongyida Co.Ltd(600610) : Shanghai Zhongyida Co.Ltd(600610) : Announcement on the progress of shareholders' reduction of shares through centralized bidding

Securities code: Shanghai Zhongyida Co.Ltd(600610) securities abbreviation: Shanghai Zhongyida Co.Ltd(600610) Announcement No.: 2022006 securities code: 900906 securities abbreviation: Shanghai Zhongyida Co.Ltd(600610) B

Shanghai Zhongyida Co.Ltd(600610)

Announcement on the progress of shareholders' reduction of shares through centralized bidding

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:

The total number of shares held by the shareholders of the company (hereinafter referred to as "Tibet Co., Ltd.") (hereinafter referred to as "Tibet Co., Ltd."), accounting for 59% of the total assets of the company under the "first share reduction plan"), The above shares are tradable shares with unlimited sales conditions and are in the state of pledge. The announcement on the release of the pledge of shares of the company with the number of more than 200000 shares disclosed by the shareholders of the company on January 2022 (the announcement on the release of the pledge of shares of the company with the number of more than 200000 shares, accounting for 58% of the total share capital of the company as of January 2022).

Main contents of the centralized bidding reduction plan: the company disclosed the announcement of shareholders' centralized bidding reduction plan (Announcement No.: 2022002) on January 15, 2022. Tibet YIB plans to reduce the company's shares by centralized bidding within three months from February 14, 2022, not more than 10710000 shares, not more than 1% of the total share capital. Comply with the provisions that the reduction of shares shall not exceed 1% of the total share capital of the company through centralized bidding within any continuous 90 days, and reduce shares in accordance with the requirements of relevant laws and regulations. The source of the shares to be reduced is the shares obtained by judicial transfer and other means. The proposed reduction price shall be determined according to the market price when the reduction is implemented. During the reduction period, if there is a window limit on trading stocks, the reduction of shares will be stopped during the period.

Progress of the centralized bidding reduction plan: the company received the notification letter on the progress of share reduction from Tibet YIB on March 3, 2022. More than half of the shares were reduced in this centralized bidding transaction. Tibet YIB passed the centralized bidding from February 14, 2022 to March 3, 2022

5509000 shares of the company were reduced through competitive trading, accounting for 0.51% of the total share capital of the company

The plan has not been implemented yet.

1、 Basic information of the subject of centralized bidding reduction before reduction

Number of shares held

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

Obtained by judicial transfer:

Tibet YIB asset management has more than 5% non 92 China High-Speed Railway Technology Co.Ltd(000008) .59% 52000000 shares

A major shareholder of the limited company obtains by other means:

40000000 shares

The above reduction subjects have no concerted action.

2、 Implementation progress of centralized bidding reduction plan

(I) shareholders holding more than 5% of shares disclose the implementation progress of the centralized bidding reduction plan for the following reasons:

More than half of the reduction in centralized bidding transactions

Total holdings reduction current holdings reduction ratio reduction period reduction price area

Shareholder name amount number of shares holding amount of shares (shares) inter case method (yuan / share)

(yuan) (share) ratio

Tibet YIB 2022 / 2 / 14

77,315,1 86,491,0

Asset management 55090000.51% ~ bidding 13.31 -14.78 8.07% 75 00

Limited company 2022 / 3 / 3 transaction

(II) whether the reduction is consistent with the plans and commitments previously disclosed by major shareholders or directors, supervisors and senior executives

√ yes □ no

(III) whether the listed company has disclosed major issues such as high transfer or planning merger and reorganization within the reduction time period

□ yes √ no

(IV) impact of this reduction on the company

Tibet YIB is not the controlling shareholder or actual controller of the company. This reduction will not lead to the control of listed companies

The change of ownership will not have a significant impact on the corporate governance structure, equity structure and sustainable operation.

(V) other matters required by Shanghai Stock Exchange

3、 Risk tips related to the centralized bidding reduction plan (I) at present, more than half of the reduction of tibet-b centralized bidding transaction has been completed, and the reduction plan has not been implemented yet. Tibet YIB will choose whether to continue the implementation and how to implement the share reduction plan according to its own needs, stock market conditions and other factors. There is uncertainty in the number and price of share reduction. (II) whether the implementation of the share reduction plan will lead to the risk of change in the control of the listed company □ yes √ no (III) the company will urge relevant shareholders to strictly abide by the provisions on share reduction by shareholders, directors, supervisors and senior executives of listed companies The detailed rules for the implementation of share reduction by shareholders, directors, supervisors and senior managers of Listed Companies in Shanghai Stock Exchange and other relevant laws and regulations shall reduce their shares, and timely fulfill the obligation of information disclosure. Please invest rationally.

It is hereby announced.

Shanghai Zhongyida Co.Ltd(600610) board of directors March 3, 2022

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