Dynavolt Renewable Energy Technology (Henan) Co.Ltd(002684) : Announcement on the progress of passive reduction of some shares of the company held by controlling shareholders and the change of shareholding of controlling shareholders and persons acting in concert by more than 1%

Securities code: Dynavolt Renewable Energy Technology (Henan) Co.Ltd(002684) securities abbreviation: Dynavolt Renewable Energy Technology (Henan) Co.Ltd(002684) Announcement No.: 2022020 Lion New Energy Technology (Henan) Co., Ltd

Progress on passive reduction of some company shares held by controlling shareholders

Announcement on the shareholding change of more than 1% by the controlling shareholders and their persons acting in concert

The controlling shareholder Shantou Chenghai Humei Battery Co., Ltd. guarantees that the information provided to the company is true, accurate and complete, and there are no false records, misleading statements or major omissions.

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.

Fierce lion new energy technology (Henan) Co., Ltd. (hereinafter referred to as “the company” or “fierce lion technology”) received the notice from the controlling shareholder of the company, Shantou Chenghai District Humei Battery Co., Ltd. (hereinafter referred to as “Humei company”) on March 10, 2022, and learned that Humei company passively reduced 2150000 shares of the company on March 9, 2022, Accounting for 0.38% of the total share capital of the company. As of the date of this announcement, the cumulative reduction in the passive reduction of the company’s shares held by Humei company and its concerted actors, Shenzhen Qianhai Yide capital advantage equity investment fund partnership (limited partnership) (hereinafter referred to as “Yide advantage”) and Mr. Chen leqiang, has exceeded 1%. The relevant information is hereby announced as follows:

1、 Basic information of passive reduction of shares of the company by Shanghai US company

On February 16, 2022, the company disclosed the announcement on the risk of passive reduction of some company shares held by the controlling shareholders. As the Mengshi technology shares pledged by Humei company to Dongxing Securities Corporation Limited(601198) (hereinafter referred to as “Dongxing securities”) are involved in breach of contract, Dongxing Securities Corporation Limited(601198) plans to continue to reduce the Mengshi technology shares pledged by Humei company to Dongxing securities. On March 9, 2022, Dongxing Securities Corporation Limited(601198) reduced 2150000 shares of lion technology held by Shanghai United States company through centralized bidding transaction, accounting for 0.38% of the total share capital of the company.

2、 The cumulative reduction of the company’s shares held by Shanghai United States company and its persons acting in concert exceeds 1%

1. Basic information disclosure obligor 1 Shantou Chenghai Humei Battery Co., Ltd

Address: east side of 17th floor, Mengshi International Plaza office building, No. 33, Guangyi Road, National Highway 324, Chenghai District, Shantou

Changes in equity from March 24, 2021 to March 9, 2022

Information disclosure obligor 2 Shenzhen qianhaiyide capital advantage equity investment fund partnership (limited partnership)

Address: Room 201, building a, No. 1, Qianwan 1st Road, Qianhai Shenzhen Hong Kong cooperation zone, Shenzhen (settled in Shenzhen Qianhai business secretary Co., Ltd.)

Change time of Equity: June 2, 2021

Information disclosure obligor 3: Chen Lewu

Address: Shantou City, Guangdong Province

The time of equity change does not apply to the information disclosure obligor 4. The time of equity change of Chen leqiang (who has died) is calculated according to the data issued by Shenzhen Branch of China Securities Depository and Clearing Corporation Limited. The time range of equity change is from October 19, 2021 to October 20, 2021.

Securities abbreviation ST lion stock code Dynavolt Renewable Energy Technology (Henan) Co.Ltd(002684)

Change type increase □ decrease □ concerted action person yes □ no □

Whether it is the largest shareholder or actual controller yes □ no \uf0a3

2. Changes in equity this time

Name of shareholder type of shares number of shares (shares) reduction proportion

(A shares, B shares, etc.)

A shares of Shanghai United States company 61215631.08%

Yide advantage A shares 350000.01%

Chen leqiang A shares 5632000 0.10%

Total 67197631.18%

Centralized trading through stock exchange □ agreement transfer □

This equity change is transferred indirectly through block trading of the stock exchange □

Administrative transfer or change of state-owned shares □ execution of court ruling □

(multiple choices) acquisition of new shares issued by listed companies □ succession □

Gift □ transfer of voting rights □

Others □ (please specify)

3. Shares of listed companies owned by investors and persons acting in concert before and after the change

Shares held before this change name of shareholders holding shares after this change nature of shares proportion of total shares proportion of total shares

The company holds 118298083 shares 20.85% and 112176520 shares 19.77%

Including: shares with unlimited sales conditions 11829808320.85% 11217652019.77%

Shares with limited sales conditions 0

Total shares held 290920005.13% 290570005.12%

Advantages of Yide: shares with unlimited sales conditions 290920005.13% 290570005.12%

Shares with limited sales conditions 0

Total shares held: 422709007.45%

Chen Lewu, including: shares with unlimited sales conditions 105677251.86% 105677251.86%

Restricted shares 317031755.59%

Total shares held: 5632000.10%

Chen leqiang, including: 563200 shares with unlimited sales conditions 0.10%

Shares with limited sales conditions 0

4. Implementation of commitments, plans, etc

Yes □ no □

On February 16, 2022, the company disclosed the announcement on the risk of passive reduction of some company shares held by the controlling shareholder. Since the change pledged by Shanghai United States company to Dongxing Securities Corporation Limited(601198) is to fulfill the 16.5 million shares of lion technology, involving breach of contract, Dongxing Securities Corporation Limited(601198) plans to continue to reduce its holdings of Shanghai United States company

Mengshi technology shares pledged to Dongxing Securities Corporation Limited(601198) .

The reduction is consistent with the disclosed reduction plan, which has not been fulfilled.

Is there any violation of the securities law and the income of Listed Companies in this change

Purchase management measures and other laws and regulations yes □ no □

Political and legal regulations, departmental rules, normative documents and the business rules of the exchange 5 The shares with restricted voting rights shall be subject to Article 63 of the securities law

Is there any provision in article? Yes □ no □

Voting shares 6 Documents for future reference

1. Details of shareholding changes of China Securities Depository and Clearing Co., Ltd. □ 2. Relevant written commitment documents □ 3. Written opinions of lawyers □ 4. Other documents required by Shenzhen Stock Exchange □

3、 Other instructions

1. The passive reduction of the company’s shares by Humei company, Yide advantage and Mr. Chen leqiang has not had a direct impact on the company’s control right for the time being. As of the date of this announcement, Mr. Chen Lewu, one of the shareholders holding more than 5% of the shares of the company and the actual controller of the company, held 183504420 shares in total, accounting for 32.34% of the total share capital of the company; The cumulative number of Pledged Shares is 182907451, accounting for 32.24% of the total share capital of the company; The cumulative number of frozen shares is 183504420, accounting for 32.34% of the total share capital of the company, and has been waiting for freezing for many times. Some shares of the company pledged to the pledgee by Humei company, Yide advantage and Mr. Chen Lewu have fallen below the closing price, and there is a risk of passive reduction. If the company’s shares held by Shanghai United States company and its persons acting in concert are reduced by the pledgee or the frozen company’s shares are judicially disposed of, the company has the risk of change of control.

2. The information disclosure media designated by the company are securities times, China Securities News and cninfo (www.cn. Info. Com. CN), All information publicly disclosed by the company shall be subject to the announcement published in the above designated media. Please invest rationally and pay attention to investment risks.

It is hereby announced.

Board of directors of Mengshi new energy technology (Henan) Co., Ltd

March 10, 2002

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