Jiangsu Eastern Shenghong Co.Ltd(000301) : suggestive announcement on the company’s controlling shareholders and some employees of their affiliated enterprises planning to increase their shareholding in the company

Stock Code: Jiangsu Eastern Shenghong Co.Ltd(000301) stock abbreviation: Jiangsu Eastern Shenghong Co.Ltd(000301) Announcement No.: 2022039 bond Code: 127030 bond abbreviation: Shenghong convertible bond

Bond Code: 114578 bond abbreviation: 19 Shenghong G1

Jiangsu Eastern Shenghong Co.Ltd(000301)

Planning for some employees of the company’s controlling shareholders and their affiliated enterprises

Suggestive announcement on increasing shares of the company

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.

Jiangsu Eastern Shenghong Co.Ltd(000301) (hereinafter referred to as “the company” or “the listed company”) received the notice from Jiangsu Shenghong Technology Co., Ltd. (hereinafter referred to as “Shenghong technology”), the controlling shareholder of the company, on March 11, 2022, Some employees of Shenghong technology and its affiliated enterprises (except the listed company and its holding subsidiaries) (hereinafter referred to as “overweight personnel”) intend to increase their holdings of shares of the listed company through secondary market purchase (hereinafter referred to as “this overweight”). The relevant information is hereby announced as follows:

1、 Purpose of this increase

Based on their confidence in the sustainable and stable development of the listed company in the future, the increase personnel increase their shares of the listed company in accordance with the principles of law and compliance, voluntary participation and acting according to their ability.

2、 The scope of this shareholding increase

The increased shareholding personnel are some employees of Shenghong technology and its affiliated enterprises (except listed companies and holding subsidiaries of listed companies).

3、 Scale of this increase

The increase is intended to entrust financial institutions with relevant qualifications to establish collective fund trust plans or asset management plans in line with laws and policies for management. The collective fund trust plan or asset management plan obtains and holds the shares of the listed company through the secondary market purchase (bidding transaction, block transaction) and other ways permitted by laws and regulations.

The shareholding increase is planned to be implemented through the establishment of special financial products, margin trading of securities companies, asset management / trust products and other ways permitted by laws and regulations. The proportion of financing funds to self raised funds shall not exceed 1:1, and the total amount of funds raised shall not exceed 1.468 billion yuan. The specific subscription scale will be determined according to the subscription of participants.

4、 Other matters

1. This shareholding increase was independently and voluntarily participated by some employees of Shenghong technology or its affiliated enterprises (except listed companies and holding subsidiaries of listed companies). Shenghong technology and its affiliated enterprises did not require or interfere with the matters that some employees must, should participate and their participation shares.

2. The financial institutions and custodians involved in this increase will manage the relevant entrusted assets according to the collective fund trust contract. The collective fund trust or asset management plan and its shares of listed companies are not controlled by Shenghong technology and its affiliated enterprises.

5、 Risk tips

1. The establishment of collective fund trust or asset management plan involved in this increase is still uncertain, and the final total scale of funds will be determined according to the actual payment of specific participants and the financing of financial institutions.

2. The company will continue to pay attention to the progress of relevant matters and timely perform the obligation of information disclosure in accordance with the regulations. Please pay attention to and pay attention to the investment risk!

It is hereby announced.

Jiangsu Eastern Shenghong Co.Ltd(000301) board of directors

March 12, 2022

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