Zhiyang Innovation Technology Co.Ltd(688191) : Announcement on the listing and circulation of some restricted shares in the initial public offering

Securities code: Zhiyang Innovation Technology Co.Ltd(688191) securities abbreviation: Zhiyang Innovation Technology Co.Ltd(688191) Announcement No.: 2022011 Zhiyang Innovation Technology Co.Ltd(688191)

Announcement on the listing and circulation of some restricted shares in the initial public offering

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 bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Important note: the number of restricted shares in circulation this time is 34436535, and the restricted period is 12 months from the date of listing of the company’s shares

The listing and circulation date is April 8, 2022

All the restricted shares circulating in this listing are part of the restricted shares issued by Zhiyang Innovation Technology Co.Ltd(688191) (hereinafter referred to as “the company” or ” Zhiyang Innovation Technology Co.Ltd(688191) “) in the initial public offering

1、 Types of restricted shares in circulation this time

According to the reply on Approving the registration of Zhiyang Innovation Technology Co.Ltd(688191) initial public offering (zjxk [2021] No. 614) issued by China Securities Regulatory Commission on March 2, 2021, the company issued 38261512 RMB common shares (A shares) to the public for the first time, and was listed on the science and innovation board of Shanghai Stock Exchange on April 8, 2021. After issuance, the total share capital was 153046047 shares, Among them, 118255823 shares are tradable shares with limited sales conditions and 34790224 shares are tradable shares with unlimited sales conditions.

Among the tradable shares with limited sales conditions, 1558212 shares of restricted shares were placed offline in the initial public offering, which was listed and circulated on October 8, 2021.

The restricted shares traded in this listing are part of the restricted shares issued in the initial public offering. The restricted period is 12 months from the date of listing of the company’s shares, involving a total of 74 shareholders and 34436535 corresponding shares, accounting for 22.50% of the company’s total existing share capital. For details, see the company’s website of Shanghai Stock Exchange on April 1, 2021 (www.sse. Com. CN.) Announcement on the listing of Zhiyang Innovation Technology Co.Ltd(688191) initial public offering of shares on the science and Innovation Board disclosed on the. 34436535 shares have been lifted and applied for listing and circulation this time. The current lock-in period is about to expire and will be listed and circulated from April 8, 2022.

2、 Changes in the number of share capital of the company since the formation of restricted shares listed and circulated this time

The restricted shares listed and circulated this time are part of the restricted shares issued in the initial public offering. From the formation of the restricted shares issued in the initial public offering of the company to the disclosure date of this announcement, the company has not changed the number of share capital due to profit distribution and the conversion of accumulation fund.

3、 Relevant commitments of restricted shares circulating in this listing

According to the prospectus of Zhiyang Innovation Technology Co.Ltd(688191) initial public offering and listing on the science and innovation board, the announcement of Zhiyang Innovation Technology Co.Ltd(688191) initial public offering and listing on the science and innovation board and other documents, the commitments of the shareholders applying for lifting the restrictions on the sale of shares on the listing and circulation of the restricted shares held by them are as follows:

“(I) Chen Xiaojuan, sun Peixiang, Zhang Wanzheng, Xu chuanlun, Xu Ke, Zhan Xingang, Bao chunfei and Qi cunguo, the shareholders of the company as directors, supervisors and senior managers, promise:

(1) Within 12 months from the date of listing of Zhiyang Innovation Technology Co.Ltd(688191) shares, Zhiyang Innovation Technology Co.Ltd(688191) shares that I have directly or indirectly held before this issuance shall not be transferred or entrusted to manage, nor shall Zhiyang Innovation Technology Co.Ltd(688191) repurchase such shares;

(2) If the above shares held by me are reduced within two years after the expiration of the lock-in period, the reduction price shall not be lower than the issue price; If the closing price of Zhiyang Innovation Technology Co.Ltd(688191) shares of the company is lower than the issue price for 20 consecutive trading days within 6 months after listing, or the closing price at the end of 6 months after listing is lower than the issue price, the lock up period of Zhiyang Innovation Technology Co.Ltd(688191) shares held by me will be automatically extended for 6 months; During the period from the listing of Zhiyang Innovation Technology Co.Ltd(688191) shares to the reduction of Zhiyang Innovation Technology Co.Ltd(688191) shares, the above closing price and reduction price will be adjusted accordingly if Zhiyang Innovation Technology Co.Ltd(688191) has ex right and ex interest matters such as dividend distribution, share distribution, conversion of capital reserve into share capital and allotment of shares;

(3) After the expiration of the above share lock-in commitment period, during my tenure as a director, supervisor or senior manager of Zhiyang Innovation Technology Co.Ltd(688191) company, the shares transferred each year shall not exceed 25% of the total number of Zhiyang Innovation Technology Co.Ltd(688191) shares I hold; Do not transfer Zhiyang Innovation Technology Co.Ltd(688191) shares held by myself within half a year after resignation;

(4) Zhiyang Innovation Technology Co.Ltd(688191) where there are major violations of the law and the delisting standards are touched, I shall not reduce the shares of the company from the date of the relevant administrative punishment decision or judicial judgment to the date of the termination of the listing of the company’s shares;

(5) If laws, regulations, rules or normative documents have other provisions on share locking and reduction, such provisions shall prevail;

(6) The above commitments shall not be terminated due to my job change or resignation.

(II) Minsheng Securities Investment Co., Ltd., a shareholder of other companies holding more than 5% of the company’s shares, promises: (1) within 12 months from the date of listing of Zhiyang Innovation Technology Co.Ltd(688191) shares, it will not transfer or entrust others to manage the company’s shares directly or indirectly held by the company before this issuance, nor will Zhiyang Innovation Technology Co.Ltd(688191) repurchase such shares;

(2) The Zhiyang Innovation Technology Co.Ltd(688191) shares held by the company can reduce all the Zhiyang Innovation Technology Co.Ltd(688191) shares held by the company within two years from the expiration of the aforementioned lock up period;

(3) If the company intends to reduce its shares after the expiration of the above-mentioned lock-in period, it will carefully abide by the relevant provisions of the CSRC and Shanghai Stock Exchange on shareholder reduction, carefully formulate a stock reduction plan, reduce its shares through legal means, notify Zhiyang Innovation Technology Co.Ltd(688191) to make an announcement three trading days before the reduction, and timely and accurately perform the obligation of information disclosure in accordance with the provisions of Shanghai Stock Exchange; Unless holding less than 5% of the company’s shares;

(4) If laws, regulations, rules or normative documents have other provisions on share locking and reduction, such provisions shall prevail.

(III) Ningbo Kunshi Tianli equity investment partnership (limited partnership) and its concerted actors, Shenzhen Kunshi Chuangfu investment enterprise (limited partnership), Ningbo Meishan bonded port Kunshi growth equity investment partnership (limited partnership) and Ningbo Kunshi Zhichuang equity investment partnership (limited partnership), which hold more than 5% of the company’s shares, promise:

(1) Within 12 months from the listing date of Zhiyang Innovation Technology Co.Ltd(688191) shares, will not transfer or entrust others to manage the company’s shares directly or indirectly held by the partnership before this issuance, nor will Zhiyang Innovation Technology Co.Ltd(688191) repurchase this part of shares;

(2) The Zhiyang Innovation Technology Co.Ltd(688191) shares held by the partnership may reduce all the Zhiyang Innovation Technology Co.Ltd(688191) shares held by the partnership within two years from the expiration of the above-mentioned lock up period;

(3) If the partnership intends to reduce its shares after the expiration of the above-mentioned lock-in period, it will carefully abide by the relevant provisions of the CSRC and Shanghai Stock Exchange on shareholder reduction, and perform the obligation of information disclosure in a timely and accurate manner in accordance with the provisions of Shanghai Stock Exchange; Unless holding less than 5% of the company’s shares;

(4) If laws, regulations, rules or normative documents have other provisions on share locking and reduction, such provisions shall prevail.

(IV) Wang Shutang and Xu Xuelai, the shareholders of the company’s core technicians, promise:

(1) Within twelve months from the listing date of Zhiyang Innovation Technology Co.Ltd(688191) shares and six months after leaving the company, Zhiyang Innovation Technology Co.Ltd(688191) shares that I have directly or indirectly held before this offering will not be transferred or entrusted to others to manage, nor will Zhiyang Innovation Technology Co.Ltd(688191) repurchase such shares;

(2) Within 4 years from the expiration of the pre IPO share restriction, the pre IPO shares transferred by me each year shall not exceed 25% of the total pre IPO shares of the company I held at the time of listing, and the reduction proportion can be used cumulatively; During the period from the listing of Zhiyang Innovation Technology Co.Ltd(688191) shares to the reduction of Zhiyang Innovation Technology Co.Ltd(688191) shares, if the company’s shares directly or indirectly held by Zhiyang Innovation Technology Co.Ltd(688191) are changed due to equity distribution, the number of shares reduced above shall be adjusted accordingly;

(3) If laws, regulations, rules or normative documents have other provisions on share locking and reduction, such provisions shall prevail;

(4) The above commitments shall not be terminated due to my job change or resignation.

(V) other shareholders promise:

(1) Within 12 months from the date when Zhiyang Innovation Technology Co.Ltd(688191) shares are listed and traded on the Shanghai Stock Exchange, Zhiyang Innovation Technology Co.Ltd(688191) will not transfer the above Zhiyang Innovation Technology Co.Ltd(688191) shares held by myself / the enterprise, nor will Zhiyang Innovation Technology Co.Ltd(688191) repurchase such shares. (2) Where laws, regulations, rules or normative documents have other provisions on share locking and reduction, such provisions shall prevail. “

In addition to the above commitments, the shareholders of restricted shares applying for listing this time have no other special commitments. As of the disclosure date of this announcement, the shareholders of restricted shares applying for listing have strictly fulfilled the corresponding commitments, and there is no situation that the non performance of relevant commitments affects the listing and circulation of restricted shares.

4、 Verification opinions of intermediary institutions

After verification, Minsheng Securities Co., Ltd. (hereinafter referred to as the “sponsor”) believes that as of the date of issuance of this verification opinion, the holders of restricted shares in circulation in the company’s current listing have strictly complied with their share locking commitments made when the company’s initial public offering and listing on the science and innovation board; The matters related to the listing and circulation of restricted shares comply with the requirements of relevant laws, regulations and normative documents such as the company law of the people’s Republic of China, the securities law of the people’s Republic of China, the measures for the administration of securities issuance and listing recommendation business, and the Listing Rules of Shanghai Stock Exchange on the science and innovation board; The true and complete information about the shares of the listed company is disclosed.

The recommendation institution has no objection to the listing and circulation of some restricted shares of the company.

5、 Restricted shares circulating in this listing

(I) the total number of restricted shares in circulation this time is 34436535

(II) the listing and circulation date is April 8, 2022

(III) listing and circulation list of restricted shares:

Serial number shareholder name shareholding quantity shareholding proportion number of restricted shares remaining in circulation this time

Number of (shares) (shares)

1 Minsheng securities investment 91130765.95% 72 Ping An Bank Co.Ltd(000001) 913076 Capital Co., Ltd

2 Ningbo kunshitian 69813354.56% 69813350

Profit equity investment

Partnership

(limited combination)

(partner)

Guogao (Zibo)

3. There are 27664001.81% limited companies in venture capital

Ningbo meishanbao

Kunshi tax port

4. Growth equity investment 21920001.43% 21920000 capital partnership

(limited combination)

(partner)

5 gufengqin 16240001.06% 16240000

Lhasa Hongxin capital

Property Management Co., Ltd

Company – Dangtu

6. Hongxin intelligent system 16 Ping An Bank Co.Ltd(000001) .05% 1 Shanghai Pudong Development Bank Co.Ltd(600000) manufacturing industry fund

(limited combination)

(partner)

Lhasa hongzhenxuan

Jie venture capital

Management limited liability

7-ning 152 China Baoan Group Co.Ltd(000009) 9% Bohong zhenxuanjie

Equity investment portfolio

Enterprise (partnership)

Limited partnership)

Shenzhen Kunshi

8. Wealth creation investment enterprise 150 China Baoan Group Co.Ltd(000009) 8% 1500000 industry (limited partnership)

(partner)

Ningbo kunshizhi

Chuang equity investment

9. Partnership 15 China Baoan Group Co.Ltd(000009) 8% (limited partnership)

(partner)

10 Chen Xiaojuan 10960000.72%

Gongqing City Pan Sheng

11. Investment management: 10000000.65% enterprises (with)

Limited partnership)

12 sun Peixiang 6240000.41%

13 Geng Yanan 5280000.34%

14 Zhang Wanzheng 4352000.28%

15 Bao chunfei 3792000.25%

16 Wang Jiantao 3536000.23%

17 meiyang 2960000.19%

18 XG 2496000.16%

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