Guangdong Rongtai Industry Co.Ltd(600589) : Guangdong Rongtai: Announcement on the share increase plan of shareholders holding more than 5%

Securities code: Guangdong Rongtai Industry Co.Ltd(600589) securities abbreviation: St Rongtai Announcement No.: 2022013

Guangdong Rongtai Industry Co.Ltd(600589)

Announcement on the share increase plan of shareholders holding more than 5%

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:

Guangdong Rongtai Industry Co.Ltd(600589) (hereinafter referred to as “the company”) has received a notice from Mr. Gao Dapeng, a shareholder holding more than 5% of the shares. Mr. Gao Dapeng plans to increase the proportion of shares of the company with his own funds or self raised funds by means of centralized bidding trading, block trading, agreement transfer, etc. in the next 12 months, Not more than 3% (including 3%).

Risk tip: there is no price range set in this shareholding increase plan. Mr. Gao Dapeng will gradually implement the shareholding 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.

On March 4, 2022, the company received the notice that Mr. Gao Dapeng, a shareholder holding more than 5% of the shares, intends to increase the holding of A-Shares of the company through centralized bidding trading, block trading and agreement transfer through the trading system of Shanghai stock exchange with his own funds or self raised funds. The relevant information is hereby announced as follows:

1、 Basic information of the increased holding subject

(I) increased holding subject: Gao Dapeng.

(II) number and shareholding ratio of the shares held by the increased holding entities: as of the date of this announcement, the increased holding entities held 82828134 shares of the company, accounting for 11.76% of the total share capital of the company.

(III) completion of the shareholding increase plan within 12 months: Mr. Gao Dapeng issued the notification letter on the shareholding increase plan to the company on February 18, 2022, promising to conduct centralized bidding trading and block trading in the trading system of Shanghai Stock Exchange in the next 12 months, The proportion of increasing the shares of the company with its own funds or self raised funds shall not be less than 1% and not more than 2% (including 2%). For details, see the announcement on the plan of increasing the shares of shareholders holding more than 5% issued by the company on February 19, 2022. On February 21, 2022, Mr. Gao Dapeng increased 13580665 shares of the company through block trading through the trading system of Shanghai Stock Exchange, with an average transaction price of RMB 2.08/share and a cumulative increase of RMB 282478 million. Mr. Gao Dapeng has completed the above increase plan, For details, please refer to the announcement on the results of increasing shares held by shareholders holding more than 5% issued by the company on February 24, 2022.

2、 Main contents of this increase

1. Purpose of this shareholding increase: Mr. Gao Dapeng hopes to promote the improvement of corporate governance structure through shareholding increase, so as to effectively safeguard the interests of all shareholders, especially small and medium-sized shareholders, and decides to implement the shareholding increase plan again when the previous shareholding increase plan has been completed.

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 1.5% and not more than 3% (including 3%) of the total share capital of the company.

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. Implementation period of this share increase plan: within 12 months from the date of disclosure of this announcement, if the trading of the company’s shares is suspended during the implementation 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, agreement transfer, etc.

3、 Uncertainty risk of the implementation of the shareholding increase plan

There is no price range set in this shareholding increase plan. Mr. Gao Dapeng will gradually implement the shareholding 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. 4、 Description of other matters

1. The increased shares comply with the securities law of the people’s Republic of China, the measures for the administration of the acquisition of listed companies and other laws and regulations, departmental rules and the business rules of Shanghai Stock Exchange.

2. Mr. Gao Dapeng promises that this increase will comply with the relevant provisions of the securities law and other laws and regulations, departmental rules and the business rules of Shanghai Stock Exchange. The company’s shares held by the company shall not be reduced during the implementation period of the increase and within the legal period.

3. The company will continue to pay attention to the relevant situation of Mr. Gao Dapeng’s increase in the company’s shares in accordance with the stock listing rules of Shanghai Stock Exchange and other relevant provisions, and fulfill the obligation of information disclosure in time.

It is hereby announced.

Guangdong Rongtai Industry Co.Ltd(600589) board of directors March 5, 2022

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