Zhongshan Public Utilities Group Co.Ltd(000685) : 2022018 - Announcement on the planned reduction of shareholders holding more than 5% of shares by more than half and the reduction of shares of the company by 1%

Securities code: Zhongshan Public Utilities Group Co.Ltd(000685) securities abbreviation: Zhongshan Public Utilities Group Co.Ltd(000685) Announcement No.: 2022018 Zhongshan Public Utilities Group Co.Ltd(000685)

Announcement on the reduction plan of shareholders holding more than 5% shares for more than half and the reduction of shares of the company to 1%

Shanghai Fosun high tech (Group) Co., Ltd., a shareholder holding more than 5%, guarantees that the information provided to the company is true, accurate and complete without false records, misleading statements or major omissions. The company and all members of the board of directors guarantee that the contents of the announcement are consistent with the information provided by the information disclosure obligor.

Zhongshan Public Utilities Group Co.Ltd(000685) (hereinafter referred to as "the company") was posted on cninfo.com on November 25, 2021( http://www.cn.info.com.cn./ )Disclosed the pre disclosure announcement on the reduction plan of shareholders holding more than 5% (Announcement No. 2021076). The total shareholding of Fosun Group Co., Ltd. (hereinafter referred to as "Fosun Group") shall not exceed 665% by means of competitive trading, and the total shareholding of Fosun Group Co., Ltd. (hereinafter referred to as "Fosun Group") shall not exceed 885%. Among them, the reduction of shares of the company by means of centralized bidding transaction will be carried out within 6 months after 15 trading days from the date of disclosure of the announcement of the reduction plan, and the total number of shares reduced shall not exceed 1% of the total share capital of the company within any continuous 90 natural days; If the shares of the company are reduced by block trading, it will be carried out within 6 months after 3 trading days from the date of disclosure of the announcement of the reduction plan, and the total number of shares reduced shall not exceed 2% of the total share capital of the company within any continuous 90 natural days.

On March 16, 2022, the company received the notification letter on the implementation progress of the share reduction plan issued by Fosun Group (hereinafter referred to as the "notification letter"). As of the date of issuance of the notification letter, the time of Fosun Group's share reduction plan has been more than half, and the implementation of the share reduction plan has not been completed. From December 16, 2021 to March 16, 2022, Fosun Group reduced 16291052 shares of the company through centralized bidding transactions, accounting for 1.10% of the total share capital of 1475111351 shares of the company. According to certain provisions on reducing shares of shareholders, directors, supervisors and senior managers of listed companies Reduction of shareholders, directors, supervisors and senior managers of Listed Companies in Shenzhen Stock Exchange

The detailed rules for the implementation of share holding and other relevant provisions are hereby announced as follows:

1、 Share reduction of shareholders after more than half of the planned reduction time

Average price of share reduction share reduction proportion in the total share capital of the company (yuan) (%)

Shanghai Fosun high centralized bidding 202112.162022.3.16 8.75162910521.10

Technology (Group)

Limited company block transaction ----

Total 162910521.10

2、 The cumulative reduction of shares reached 1%

1. Basic information

Information disclosure obligor: Shanghai Fosun high tech (Group) Co., Ltd

Address: 236 seats, 16 / F, building S1, No. 600, Zhongshan 2nd Road, Huangpu District, Shanghai

Changes in equity from December 16, 2021 to March 16, 2022

Stock abbreviation Zhongshan Public Utilities Group Co.Ltd(000685) Stock Code: Zhongshan Public Utilities Group Co.Ltd(000685)

Change type increase □ decrease □ concerted action □ none □

(multiple choices are allowed)

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

2. Changes in equity this time

Share types (A shares, B shares, etc.) number of shares reduced (10000 shares) reduction proportion (%)

A shares 162910521.1

Total 162910521.1

The way of this equity change is through the centralized trading of the stock exchange

(multiple choice) block trading through stock exchange □

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 shares held after this change

Nature of shares proportion of shares in total share capital proportion of shares in total share capital (10000 shares) (%) (10000 shares) (%)

Total shares held 18221187212.3516592082011.25

Including: shares with unlimited sales conditions 18221187212.3516592082011.25

Shares with limited sales conditions 0

4. Implementation of commitments, plans, etc

Yes □ no □

Fosun Group's share reduction plan has been disclosed in advance, and this reduction is consistent with the previously disclosed reduction intention, commitment and reduction plan.

The quantity of this reduction is within the scope of whether the change of this reduction is implemented, and the reduction plan has not been fully implemented. See the commitments, intentions and plans made by the company on November 25, 2021 in China Securities Journal, securities times, securities daily and cninfo.com for details( http://www.cn.info.com.cn./ )Pre disclosure announcement on the reduction plan of shareholders holding more than 5% (Announcement No. 2021076) disclosed on the. As of March 16, 2022, the planned reduction time has passed half and the reduction of shares has reached 1.10%

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 □

If yes, please specify the specific situation, rectification plan and treatment measures of the violation.

5. Shares with restricted voting rights

According to Article 63 of the securities law, yes □ no □

If yes, please explain the proportion of the corresponding number of shares in the share capital of the existing listed company. Notes on the increase of shares held by shareholders with more than 6.30% of voting shares (not applicable) 7. 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 SZSE

3、 Shareholding of shareholders

Shares held before the reduction name of shareholders holding shares after the reduction number of shares (shares) in total share capital number of shares (shares) in total share capital proportion (%)

Total number of shares held 18221187212.3516592082011.25 Shanghai Fosun high tech

Technology (Group) Co., Ltd., including: 18221187212.3516592082011.25 shares with unlimited sales conditions

company

Shares with limited sales conditions 0

4、 Other relevant instructions

1. The relevant parties involved in this reduction strictly abide by the securities law, the stock listing rules of Shenzhen Stock Exchange, the guidelines for the standardized operation of listed companies of Shenzhen Stock Exchange, several provisions on the reduction of shares by shareholders, directors, supervisors and senior managers of listed companies, the implementation rules for the reduction of shares by shareholders, directors, supervisors and senior managers of listed companies of Shenzhen Stock Exchange and other laws Regulations and normative documents, and timely perform the obligation of information disclosure.

2. The reduction has been pre disclosed in accordance with relevant regulations, and the reduction of shares is consistent with the previously disclosed intention and reduction plan. The relevant parties of this reduction strictly abide by the reduction plan disclosed in the pre disclosure announcement, and there is no violation of the disclosed reduction plan. The share reduction plan has not been implemented yet. Fosun Group will choose how to implement the share reduction plan according to the market situation, the company's stock price and other factors. The specific reduction time and price are also uncertain. Please pay attention to the investment risk.

3. The implementation of this share reduction plan will not lead to the change of control of the listed company and will not have an impact on the sustainable operation of the listed company.

4. The company will continue to pay attention to the implementation progress of the reduction plan of the above shareholders, and timely fulfill the obligation of information disclosure in accordance with the provisions of relevant laws and regulations.

5、 Documents for future reference

Notification letter on implementation progress of share reduction plan issued by Fosun Group

It is hereby announced.

Zhongshan Public Utilities Group Co.Ltd(000685) board of directors

March 16, 2002

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