Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) : Announcement on the restoration of normal bank accounts frozen due to litigation

Xinjiang Zhundong Petroleum Technology Co.Ltd(002207)

XINJIANGZHUNDONGPETROTECHCO., LTD

Securities code: Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) securities abbreviation: Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) Announcement No.: 2022016 Xinjiang Zhundong Petroleum Technology Co.Ltd(002207)

Announcement on the restoration of normal bank accounts frozen due to litigation

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.

The court of Haidian District (hereinafter referred to as "Haidian District People's court") made a ruling on December 15, 2020 on the "civil dispute of Haidian District (hereinafter referred to as" Haidian District People's court ") According to the request of the plaintiff Zhong'an Rongjin (Shenzhen) commercial factoring Co., Ltd. (hereinafter referred to as "Zhong'an Rongjin"), it was ordered to seal up the corresponding properties of the company, chuangyue Energy Group Co., Ltd. and Qin Yong. Upon inquiry, Haidian District Court frozen the account opened by the company in Industrial Bank Co.Ltd(601166) according to the ruling. For details, please refer to the announcement on the progress of litigation matters (Announcement No.: 2021016) issued by the company on the designated information disclosure media on March 13, 2021.

On December 31, 2021, the company received the civil judgment (2020) Jing 0108 min Chu No. 27067 made by Haidian court on December 30, 2021, which rejected all litigation claims of Zhongan financing. For details, see the announcement on progress of litigation matters (Announcement No.: 2022001) issued by the company on January 4, 2022. Subsequently, the company entrusted an attorney to apply to Haidian court for lifting the freezing of the above-mentioned bank accounts of the company. According to the record of preservation inquiry issued by Haidian court on February 25, 2022, the court made it clear that the freezing period of the company's bank accounts was until March 3, 2022.

According to the inquiry of the company on March 4, 2022, the available balance of the above bank account is the same as the account balance, and it is restored to normal use.

This announcement does not constitute any investment proposal, and investors should not substitute such information for their independent judgment or make decisions only based on such information. The information disclosure media designated by the company are securities times, China Securities News and cninfo (www.cn. Info. Com. CN), All information of the company shall be subject to the announcements and information disclosure documents published by the company in the above designated information disclosure media. Please invest rationally and pay attention to risks.

It is hereby announced.

Xinjiang Zhundong Petroleum Technology Co.Ltd(002207)

Board of directors

February 2023

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