Shandong Chiway Industry Development Co.Ltd(002374) : Announcement on the reduction of more than 1% of the shares held by the persons acting in concert of the controlling shareholders

Securities code: Shandong Chiway Industry Development Co.Ltd(002374) securities abbreviation: Shandong Chiway Industry Development Co.Ltd(002374) Announcement No.: 2022013

Shandong Chiway Industry Development Co.Ltd(002374)

Announcement on the reduction of more than 1% of the shares held by the persons acting in concert of the controlling shareholders

The shareholder Hangzhou Chenxin investment management partnership (limited partnership) 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.

Shandong Chiway Industry Development Co.Ltd(002374) (hereinafter referred to as “the company”) was published on the information disclosure media designated by the company and cninfo.com.cn on February 23, 2022 The pre disclosure announcement on the reduction of shares held by the concerted action of the controlling shareholder (Announcement No.: 2022010) was disclosed on the. Due to the needs of operation and development, Hangzhou Chenxin investment management partnership (limited partnership), the concerted action of the controlling shareholder of the company, plans to reduce its holdings of no more than 35283722 shares of the company through centralized bidding or block trading, accounting for 3.24% of the total share capital of the company, Accounting for 100% of its shares. If the holdings are reduced through centralized bidding, the reduction period is within 6 months after 15 trading days from the date of announcement and disclosure, and if the holdings are reduced through block trading, the reduction period is within 6 months after 3 trading days from the date of announcement and disclosure.

Recently, the company received a notice from the shareholder Hangzhou Chenxin investment management partnership (limited partnership) (hereinafter referred to as “Hangzhou Chenxin”). Hangzhou Chenxin reduced 11 million shares of the company by block trading on March 25, 2022, accounting for 1.01% of the total share capital of the company. Hangzhou Chenxin and Suzhou Ruichang Investment Management Co., Ltd. (hereinafter referred to as “Ruichang investment”), the controlling shareholder of the company, acted in concert. They jointly reduced 11 million shares of the company, accounting for 1.01% of the total share capital of the company. The details are as follows: 1 Basic information

Information disclosure obligors: Hangzhou Chenxin investment management partnership (limited partnership), Suzhou Ruichang Investment Management Co., Ltd

Address: Hangzhou, Zhejiang Province, Suzhou, Jiangsu Province

Change time of Equity: March 25, 2022

Stock abbreviation Shandong Chiway Industry Development Co.Ltd(002374) stock code Shandong Chiway Industry Development Co.Ltd(002374)

Change type (multiple choices) increase □ decrease □ concerted action person yes □ no □

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 110000 1.01

Total 110000 1.01

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

(multiple choices) block trading through stock exchange

Others: non-public offering of shares by the company □ (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

Name of shareholder share nature proportion in total share capital proportion in total share capital (10000 shares) (%) proportion in total share capital (10000 shares) (%)

Total shares held 192823779 17.72192823779 17.72

Ruichang investment, including: shares with unlimited sales conditions 105104481 9.66105104481 9.66

Shares with limited sales conditions 87719298 8.0687719298 8.06

Total shares held

Hangzhou Chenxin, including: shares with unlimited sales conditions 35283722 3.2424283722 2.23

Shares with limited sales conditions / //

Total shares held 228107501 20.97217107501 19.96

Including: shares with unlimited sales conditions 140388203 12.90129388203 11.89

Shares with limited sales conditions 87719298 8.0687719298 8.06

4. Implementation of commitments, plans, etc

Yes □ no □

On February 23, 2022, the company made an announcement on the information disclosure media designated by the company and cninfo.com.cn The pre disclosure announcement on the reduction of shares held by the concerted action of the controlling shareholder (Announcement No.: 2022010) was disclosed on the. Due to the needs of operation and development, Hangzhou Chenxin investment management partnership (limited partnership), the concerted action of the controlling shareholder of the company, Whether this change is intended to fulfill the commitments made and reduce the holding of no more than 35283722 shares of the company through centralized bidding or block trading, accounting for 3.24% of the total share capital intention and plan of the company and 100% of the shares held by it.

If the holdings are reduced through centralized bidding, the reduction period is within 6 months after 15 trading days from the date of announcement and disclosure, and if the holdings are reduced through block trading, the reduction period is within 6 months after 3 trading days from the date of announcement and disclosure. The reduction is consistent with the disclosed reduction plan. As of the date of disclosure of this announcement, Hangzhou Chenxin has reduced 11 million shares in total. At present, the reduction plan has not been fully implemented.

Does this change violate the securities law

Municipal measures for the administration of company acquisition and other laws and administration yes □ no □

Laws and regulations, departmental rules, normative documents and the exchange if so, please explain the specific situation of violations, rectification plan and treatment measures. Business rules and other provisions 5 Shares with restricted voting rights

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

Whether there are shares that cannot exercise voting rights. If so, please explain the proportion of the corresponding shares in the share capital of the existing listed company.

6. Further explanation on the increase of shares held by more than 30% shareholders (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

Note: the proportion of the above held shares in the total shares is rounded to two decimal places, and the total is different from the sub items

It is caused by rounding tail difference.

It is hereby announced.

Shandong Chiway Industry Development Co.Ltd(002374) board of directors March 28, 2022

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