Zhejiang Chenfeng Science And Technology Co.Ltd(603685) : the compensation and subsidy for the acquisition and storage of relevant land in Haining City is about 106 million yuan

China Securities News Agency, March 6, Zhejiang Chenfeng Science And Technology Co.Ltd(603685) announced that the people’s Government of Yanguan Town, Haining City collected and stored the company’s state-owned land use right and aboveground houses located at No. 4, Xinghua Road, Yanguan Town, Haining City, with compensation totaling 102 million yuan, and paid 4.612 million yuan of subsidies for shutdown losses. The total amount of the above two compensations and subsidies was 106 million yuan.