Bear Electric Appliance Co.Ltd(002959) : Announcement on fire accident in cooperative warehouse of the company

Securities code: Bear Electric Appliance Co.Ltd(002959) securities abbreviation: Bear Electric Appliance Co.Ltd(002959) Announcement No.: 2022024

Bear Electric Appliance Co.Ltd(002959)

Announcement on fire accident in cooperative warehouse of the company

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.

Bear Electric Appliance Co.Ltd(002959) (hereinafter referred to as “the company”) received the statement on the fire in the storage warehouse of Zhongcang supply chain plant in Jiuhua Economic Development Zone, Xiangtan City from the cooperative warehouse Hunan Zhongcang Supply Chain Management Co., Ltd. (hereinafter referred to as “Zhongcang supply chain”) on April 2, 2022, The main contents are as follows: the warehouse of Zhongcang supply chain located in the comprehensive free trade zone of Jiuhua Economic Development Zone, Xiangtan City, Hunan Province caught fire at about 9:40 on April 1, 2022, resulting in damage to the company’s inventory. After the fire, the local fire department quickly arrived at the scene to carry out rescue. With the help of the local fire emergency department, the fire has been extinguished. The fire did not cause any casualties. At present, the cause of the fire accident is under investigation and verification. Zhongcang supply chain has insured property insurance from the insurance company, which has been accepted by the insurance company, and the fire loss is being evaluated. Zhongcang supply chain promises to be fully liable for the losses incurred by the company in this accident.

According to preliminary statistics, the damaged goods entrusted by the company to the Zhongcang supply chain to keep and provide delivery services are worth about 55 million yuan. Through the emergency deployment of inventory products, the company makes this fire accident have little impact on the recent sales and delivery. The fire accident does not affect the normal production and operation of the company. At present, all businesses of the company are carried out normally. The company will start relevant claim and claim settlement procedures, and urge third-party service providers to strengthen safety management to prevent similar accidents from happening again. The company will perform the obligation of information disclosure in time according to the progress of accident investigation, claim and claim settlement. Please pay attention to the investment risk.

It is hereby announced.

Bear Electric Appliance Co.Ltd(002959)

Board of directors

April 5, 2022

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