Jiangsu Zhenjiang Newenergy Equipment Co.Ltd(603507) : Jiangsu Zhenjiang Newenergy Equipment Co.Ltd(603507) announcement on the release of pledge of some shares of controlling shareholders

Securities code: Jiangsu Zhenjiang Newenergy Equipment Co.Ltd(603507) securities abbreviation: Jiangsu Zhenjiang Newenergy Equipment Co.Ltd(603507) Announcement No.: 2022018 Jiangsu Zhenjiang Newenergy Equipment Co.Ltd(603507)

Announcement on the cancellation of pledge of some shares of controlling shareholders

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 content note: as of the disclosure date of this announcement, the controlling shareholders and actual controllers of Jiangsu Zhenjiang Newenergy Equipment Co.Ltd(603507) (hereinafter referred to as “the company”) Mr. Hu Zhen, Ms. Bu Chunhua and Jiangyin Zhenjiang Langwei investment enterprise (limited partnership) (hereinafter referred to as “Langwei investment”) jointly hold 402417400 shares of the company, accounting for 32.03% of the total share capital of the company. After the pledge is lifted, Mr. Hu Zhen Ms. Bu Chunhua and her co-operative Langwei investment pledged 2494336 shares of the company, accounting for 61.98% of the company’s shares and 19.85% of the total shares of the company.

1、 Pledge and release of shares of listed companies

The company received a notice from the controlling shareholder Mr. Hu Zhen on April 1, 2022 and learned that part of the shares of the company held by him had been released from the pledge. The specific matters are as follows.

1. Cancellation of pledge of shareholders’ shares

Unit: 10000 shares

Name of shareholder: Hu Zhen

The number of shares pledged this time is 100

3.10% of its shares

Accounting for 0.80% of the total share capital of the company

Degradation time: March 31, 2022

Number of shares held 32277042

Shareholding ratio 25.69%

Number of remaining Pledged Shares 1986136

The remaining pledged shares accounted for 61.53% of the shares held by them

The remaining pledged shares accounted for 15.81% of the total share capital of the company

At present, there is no plan to release the Pledged Shares for subsequent pledge. If there is any change in the future, it will be based on the actual situation

Fulfill the obligation of information disclosure in time according to the international situation.

2. Cumulative Pledged Shares of shareholders

As of the disclosure date of the announcement, the cumulative Pledged Shares of the above shareholders and their persons acting in concert are as follows:

Pledged shares of the company pledged shares of the company pledged shares of the company pledged shares of the company not pledged shares of the company held shares of the company not pledged shares of the company (10000 shares) Shareholding proportion pledge quantity pledge quantity total number of shares held (10000 shares) (10000 shares) (10000 shares) proportion of shares in restricted shares (10000 shares) (10000 shares) number of frozen shares (10000 shares) number of frozen shares (10000 shares) (10000 shares)

Hu Zhen 32277042 25.69% 20861361986136 61.53% 15.81% 0

Bu Chunhua 100 0.80% 100 0.80% 0 0

Langwei investment 6964698 5.54% 408.20 408.20 58.61% 3.25% 0

Total 4024174 32.03% 25943362494336 61.98% 19.85% 0

It is hereby announced.

Jiangsu Zhenjiang Newenergy Equipment Co.Ltd(603507)

Board of directors

April 2, 2022

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