Jiangxi Special Electric Motor Co.Ltd(002176) : Announcement on receipt of civil ruling

Securities code: Jiangxi Special Electric Motor Co.Ltd(002176) securities abbreviation: Jiangxi Special Electric Motor Co.Ltd(002176) Announcement No.: pro 2022021 Jiangxi Special Electric Motor Co.Ltd(002176)

Announcement on receipt of civil ruling

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.

Special tips:

1. The dispute between the company and Zhao Weidong is based on differences in the follow-up development, construction and investment confirmation of the mining area, which will not affect the work arrangement and progress of “exploration and mining” of Xikeng lithium mine, nor the orderly development of the normal work of “shiziling” mining area.

2. The listed company has hired professional lawyers to actively protect the interests of all shareholders. 1、 Basic information of receiving civil ruling

Jiangxi Special Electric Motor Co.Ltd(002176) (hereinafter referred to as “the company”) received the civil ruling (2022) Gan 0902 min Chu No. 1824 (hereinafter referred to as “the civil ruling”) from the people’s Court of Yuanzhou District, Yichun City, Jiangxi Province on March 22, 2022.

2、 The specific content of the civil ruling is “the preserved person: Jiangxi Special Electric Motor Co.Ltd(002176)

Respondent: Zhao Weidong

In the case of dispute over the exploration right transfer contract between the protected person Jiangxi Special Electric Motor Co.Ltd(002176) (hereinafter referred to as the protected person) and the respondent Zhao Weidong (hereinafter referred to as the respondent), according to the respondent’s application, the court made (2022) Gan 0902 min Chu No. 1824 civil ruling on March 17, 2022, ruling that: 1. The certificate number of the preserved person is t361200907020 , The exploration right of the exploration project named “detailed survey of Xi lithium mine in Yifeng County, Jiangxi Province”; Stop the exploration right with certificate No. t361200907020 , and the name of the exploration project is “detailed investigation of Xi lithium mine in Yifeng County, Jiangxi Province”, and go through all relevant procedures such as transfer of mining right, transfer, change, merger, division, continuation, retention, mortgage and cancellation; 2、 Seal up the mining right with the Certificate No. c3609 Huangshan Novel Co.Ltd(002014) 0571101 , and the mine name is “lithium bearing porcelain ore in Shizi mining area, Yifeng County, Jiangxi Province”; Stop handling all relevant procedures such as transfer, change, merger, division, continuation, retention, mortgage and cancellation of the mining right with certificate No. c3609 Huangshan Novel Co.Ltd(002014) 0571101 , and the name of the mine is “lithium bearing porcelain ore in Shizi mining area, Yifeng County, Jiangxi Province”. On March 21, 2022, the preserved person calculated more than 19 million yuan based on only 20% of the profit and loss value claimed by the respondent, provided the court with equivalent guaranteed property and requested to change the subject matter of preservation. After examination, the court held that the application of the preserved person was in conformity with the provisions of the law. In accordance with Article 167 of the interpretation of the Supreme People’s Court on the application of the Civil Procedure Law of the people’s Republic of China, the court ruled as follows: 1. Freeze the deposit of RMB 19.5 million in the bank (account name: Jiangxi Special Electric Motor Co.Ltd(002176) , account number: 15082008142100 , account bank: Industrial And Commercial Bank Of China Limited(601398) sub branch) under the name of the preserved person;

2、 Rescind the property and behavior preservation measures taken against the preserved person Jiangxi Special Electric Motor Co.Ltd(002176) by the court’s (2022) Gan 0902 min Chu No. 1824 civil ruling.

This ruling shall be enforced immediately. “

3、 Impact of the matter on the company

1. The dispute between the company and Zhao Weidong is based on differences in the follow-up development, construction and investment confirmation of the mining area, which will not affect the work arrangement and progress of “exploration and mining” of Xikeng lithium mine, nor the orderly development of the normal work of “shiziling” mining area.

2. The company has hired professional lawyers to actively respond and fully safeguard the interests of the listed company and all shareholders. 3. In recent years, the company has invested in the sustainable development of the above mining areas. The dispute between the company and Zhao Weidong is about the subsequent development and construction of the mining area and the confirmation of investment. This time, RMB 19.5 million is frozen as the company’s time deposit and asset preservation, which has no impact on the company’s production, operation and operating performance.

4. This matter does not touch the situation that Shenzhen Stock Exchange has implemented other risk warnings for stock trading. 4、 Description of other matters

The company will pay close attention to the progress of the matter and fulfill the obligation of information disclosure in time according to relevant regulations. The information disclosure media designated by the company are securities times and http://www.cn.info.com.cn, For relevant information, please refer to the announcement disclosed by the company in the above designated media. Please pay attention to investment risks.

It is hereby announced.

Jiangxi Special Electric Motor Co.Ltd(002176) board of directors

March 23, 2002

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