1. Securities code: 600850 securities abbreviation: Cetc Digital Technology Co.Ltd(600850) No.: pro 2022-003 Cetc Digital Technology Co.Ltd(600850) announcement on the revision of the report on issuing shares to purchase assets and related party transactions (Draft) (Revised Version). 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 are responsible for the authenticity and Individual and joint liability for accuracy and completeness. Cetc Digital Technology Co.Ltd(600850) (hereinafter referred to as “the company”) intends to purchase 100.00% equity of Shanghai baifei Electronic Technology Co., Ltd. (hereinafter referred to as “baifei Electronics”) by issuing shares. The company held the 29th meeting of the 9th board of directors on November 10, 2021, deliberated and adopted the report on Cetc Digital Technology Co.Ltd(600850) issuing shares to purchase assets and related party transactions (Draft) (hereinafter referred to as “report (Draft)”) and relevant documents. The benchmark date of the audited financial data of the subject company of this transaction is June 30, 2021, the benchmark date of the appraisal report is December 31, 2020, and the expiration date of the validity period is December 31, 2021 and December 30, 2021 respectively. In order to meet relevant regulatory requirements, Dahua Certified Public Accountants (special general partnership) hired by the company conducted an extended audit on the subject company on October 31, 2021, and Yinxin Asset Appraisal Co., Ltd. conducted an extended evaluation on the subject company on June 30, 2021. Based on the above financial data update, the company disclosed the revised report on Cetc Digital Technology Co.Ltd(600850) issuance of shares to purchase assets and related party transactions (Draft) (hereinafter referred to as “the report (Draft) (Revised)”) on January 4, 2022. The main differences between the report (Draft) (Revised) and the report (Draft) are explained as follows: the chapter of the report (Draft) (Revised) and the interpretation of the revised content of the report (Draft) (Revised) – the relevant interpretations of the audit report, the reference review report and the audit base date are revised; Supplement the asset appraisal report for the additional period, the chapter of the report (Draft) (Revised Version) of the benchmark 2 report for the additional period, and the content of the report (Draft) (Revised Version) on the date of revision. I. overview of the reorganization plan and supplementary disclosure of the additional period appraisal III The approval procedures to be performed for the implementation of this transaction update the “decision-making and approval procedures performed for this transaction” according to the latest progress. 1. The risks related to this transaction are updated according to the extended audit. The risks of high customer concentration, turnover and recovery risk caused by large accounts receivable, turnover and impairment risk caused by large inventory amount The risks and other relevant contents of financial services mainly carried out through CETC finance chapter I overview of this transaction II The decision-making and approval procedures that have been performed and need to be performed in this transaction are updated according to the latest progress “The decision-making and approval procedures that have been performed in this transaction III. The specific scheme of this transaction supplementary discloses the extended evaluation v. the impact of this transaction on the listed company according to the latest audit and review report, the main financial indicators of the listed company before and after this transaction are updated chapter II basic information of the listed company v. equity structure and shareholding of the top ten shareholders are updated Shareholders’ shareholding 7. Main financial data and financial indicators of the last three years update the latest financial data of the listed company Chapter III basic information of the counterparty 2. Basic information of the counterparty this time update Chapter IV basic information of the target company according to the latest information of the counterparty 5. Main business of Bofei Electronics update the sales of the target company according to the extended audit Main raw materials and their procurement; Update the qualification and other relevant contents according to the renewal of the latest qualification certificate. VI. update the financial data of the subject company according to the financial indicators of Bofei electronics according to the extended audit. VII. Update the relevant asset list and financial data according to the extended audit and the latest situation of the subject company. VIII Update the registered address of the joint-stock company according to the latest situation of baifei electronics’s subsidiaries IX. update the number of employees of the subject company and their composition at the end of the reporting period Chapter V: the evaluation value of the subject assets I. supplementary disclosure of the evaluation of the subject assets III. compliance analysis of transactions III This transaction complies with Article 43 of the reorganization management measures, and updates the relevant contents of the related party transactions of the listed company
