Yutong Bus Co.Ltd(600066) : Announcement on the progress of the controlling shareholder’s shareholding increase plan and the first shareholding increase of the company

Securities code: Yutong Bus Co.Ltd(600066) securities abbreviation: Yutong Bus Co.Ltd(600066) No.: pro 2022015 Yutong Bus Co.Ltd(600066)

The board of directors and all directors 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:

Contents of the shareholding increase plan: the controlling shareholder of the company, Zhengzhou Yutong Group Co., Ltd. (hereinafter referred to as “Yutong group”) and its persons acting in concert plan to increase the shares of the company with their own funds within 6 months from March 8, 2022, with a cumulative increase of no less than RMB 100 million and no more than RMB 200 million; No price range is set for this increase.

Progress of shareholding increase plan: on March 8, 2022, Yutong group increased its holdings of 2226800 shares of the company, accounting for 0.098% of the total issued shares of the company, with an increase of RMB 198668 million (excluding transaction costs).

Risk warning: there may be a risk that the share increase plan cannot be implemented due to changes in the capital market and factors that cannot be predicted at present.

On March 8, 2022, the company received a notice from the controlling shareholder Yutong group that it increased its shares in the company by means of centralized bidding transaction. The relevant information is hereby announced as follows:

1、 This increase

On March 8, 2022, Yutong group increased its holdings of 2226800 shares of the company through centralized bidding trading through the trading system of Shanghai Stock Exchange, accounting for 0.098% of the total issued shares of the company, with an increase of RMB 198668 million (excluding transaction costs).

Before the increase, Yutong group and its wholly-owned subsidiaries held 910742300 shares of the company, accounting for 40.25% of the total issued shares of the company; After this increase, Yutong group and its wholly-owned subsidiaries held a total of 912969100 shares of the company, accounting for 40.34% of the total issued shares of the company.

2、 Shareholding increase plan

Yutong group, the controlling shareholder of the company, and its persons acting in concert plan to increase the shares of the company with their own funds within 6 months from March 8, 2022, with a cumulative increase of no less than RMB 100 million and no more than RMB 200 million; No price range is set for this increase.

For details, please refer to the announcement on the plan of controlling shareholders to increase shares of the company (Announcement No.: pro 2022014) disclosed by the company on March 8, 2022.

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

There may be risks that the share increase plan cannot be implemented due to changes in the capital market and factors that cannot be predicted at present.

4、 Yutong group commitment

The company’s shares held by the company shall not be reduced during the implementation period of the increase and within the legal period. In accordance with the measures for the administration of the acquisition of listed companies, the Listing Rules of Shanghai Stock Exchange and other relevant provisions, the company will continue to pay attention to the increase of shares held by Yutong group and its persons acting in concert, and fulfill the obligation of information disclosure in a timely manner.

It is hereby announced.

Yutong Bus Co.Ltd(600066) board of directors March 8, 2002

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