603129: Zhejiang Cfmoto Power Co.Ltd(603129) announcement on share reduction plan of controlling shareholders acting in concert, some directors and senior executives

Securities code: 603129 securities abbreviation: Zhejiang Cfmoto Power Co.Ltd(603129) Announcement No.: 2022-001 Zhejiang Cfmoto Power Co.Ltd(603129)

Announcement on share reduction plan of controlling shareholders acting in concert, some directors and senior executives

The board of directors, all directors and relevant shareholders 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 tips:

Basic information of controlling shareholders acting in concert, some directors and senior executives

As of the disclosure date of this announcement, Lai Xuehua, the controlling shareholder of Zhejiang Cfmoto Power Co.Ltd(603129) (hereinafter referred to as “the company”) Chunfeng Holding Group Co., Ltd. (hereinafter referred to as “Chunfeng holding”), acting in concert, holds 1010161 shares of the company, accounting for 0.6731% of the total share capital of the company; Lai Jinfa, acting in concert with Chunfeng holdings, holds 1210161 shares of the company, accounting for 0.8064% of the total share capital of the company; Gao Qing, director and deputy general manager of the company, holds 225000 shares of the company, accounting for 0.1499% of the total share capital of the company; Ni Shuxiang, director and deputy general manager of the company, holds 225000 shares of the company, accounting for 0.1499% of the total share capital of the company; Ma Gangjie, deputy general manager of the company, holds 165000 shares of the company, accounting for 0.1099% of the total share capital of the company; Chen Zhiyong, deputy general manager of the company, holds 210000 shares of the company, accounting for 0.1399% of the total share capital of the company; Chen Keliang, deputy general manager of the company, holds 180000 shares of the company, accounting for 0.1199% of the total share capital of the company; Zhou xiongxiu, Secretary of the board of directors of the company, holds 187500 shares of the company, accounting for 0.1249% of the total share capital of the company.

Main contents of share reduction plan

Due to the demand for personal funds, Lai Xuehua, Lai Jinfa, Gao Qing, Ni Shuxiang, Ma Gangjie, Chen Zhiyong, Chen Keliang and Zhou xiongxiu plan to reduce their holdings of no more than 300000 shares, 100000 shares, 56250 shares, 56250 shares, 41250 shares, 52500 shares, 45000 shares and 46875 shares of the company by block trading or centralized bidding trading, The reduction ratio shall not exceed 0.1999%, 0.0666%, 0.0375%, 0.0375%, 0.0275%, 0.0350%, 0.0300% and 0.0312% of the total shares of the company respectively. Among them, if the holdings are reduced by centralized bidding trading, it will be within 6 months after 15 trading days from the date of announcement and disclosure of the reduction plan

Within any 90 consecutive natural days, the total number of shares reduced shall not exceed 1% of the total share capital of the company; If the reduction is made by block trading, it will be made within 6 days after 3 trading days from the date of announcement and disclosure of the reduction plan

Within months. During the implementation of the reduction plan, if the company distributes dividends, bonus shares and capital reserve

For ex rights and ex interest matters such as conversion of share capital, issuance of new shares or allotment of shares, the number and proportion of reduction will be adjusted accordingly.

1、 Basic information of the reducing entity

Number of shares held

Shareholder name shareholder identity shareholding proportion current shareholding source

(shares)

Lai Xuehua’s shareholders below 5% obtained 1010161 shares 0.6731% before IPO

Less than 5% shareholders of Lai Jinfa obtained 1210161 shares 0.8064% before IPO: 1210161 shares

Obtained before IPO: 55000 shares of Gaoqing directors, supervisors and senior managers 225000 0.1499%

Acquired by other means: 170000 shares

Obtained before IPO: 55000 shares of Ni Shuxiang directors, supervisors and senior managers 225000 0.1499%

Acquired by other means: 170000 shares

Ma Gangjie directors, supervisors and senior managers 165000 0.1099% obtained by other means: 165000 shares

Obtained before IPO: 40000 shares, 210000 directors, supervisors and senior managers of Chen Zhiyong, 0.1399%

Acquired by other means: 170000 shares

Obtained before IPO: 20000 shares, 180000 directors, supervisors and senior managers of Chen Keliang, 0.1199%

Acquired by other means: 160000 shares

Obtained before IPO: 17500 shares, 187500 directors, supervisors and senior managers of Zhou xiongxiu, 0.1249%

Acquired by other means: 170000 shares

Note: other means of acquisition are equity incentive.

There are persons acting in concert with the above reduction subjects:

Name of shareholders number of shares (shares) shareholding proportion reason for formation of concerted action relationship

Chunfeng holding 45000808 29.9851% the actual controller of Chunfeng holding is Lai Guogui, chairman of the company

Chongqing Chunfeng Investment Co., Ltd. is the actual controller of Chongqing Chunfeng Investment Co., Ltd. group I Capital Co., Ltd. 12617087. 8.4071% of Lai Guoqiang and Lai Guogui constitute persons acting in concert

Lin Axi 3661890 2.4400% acted in concert due to their kinship with Lai Guogui, the actual controller

Lai Jinfa 1210161 0.8064% acted in concert due to their kinship with Lai Guogui, the actual controller

Lai Xuehua 1010161 0.6731% acted in concert due to their kinship with Lai Guogui, the actual controller

Quanyiping 500000 0.3332% acted in concert due to the relationship with Lai Guogui, the actual controller

Lai Minjie 461238 0.3073% acted in concert because of his kinship with Lai Guogui, the actual controller

Lai Donghua 90000.0600% acted in concert because of his kinship with Lai Guogui, the actual controller

Total 64551345 43.0122% –

Note: 1. In addition to the shares listed in the above table, Chongqing Chunfeng Investment Co., Ltd. has 515000 non tradable shares for refinancing business; 2. If there is any difference in the mantissa between the sum of some total numbers and each detailed number in the above table, it is due to the rounding of the above percentage results.

Reduction of shares held by shareholders and persons acting in concert in the past 12 months and previous reduction of shares held by directors and senior executives

Share situation

Shareholder name reduction quantity reduction proportion reduction price range during reduction disclosure date of previous reduction plan (share) (yuan / share)

Chunfeng Holdings 2061548 1.5341% 2021 / 4 / 16 ~ 135.78-152.00 2021 / 2 / 27 2021 / 6 / 4

20900 0.0156% 2021 / 3 / 23 ~ 137.99-152.40 2021 / 2 / 27 linaxi 2021 / 9 / 17

357,853 0.2384% 2021/11/3~ 175.72-190.00 2021/10/12 2022/1/5

Lai Xuehua 100000 0.0744% 2021 / 4 / 20 ~ 150.00-152.05 2021 / 2 / 27 2021 / 4 / 22

Gaoqing 25000 0.0186% 2020 / 7 / 16 ~ 93.88-95.62 2020 / 6 / 23 2020 / 7 / 16

Ni Shuxiang 25000 0.0186% 2020 / 7 / 16 ~ 89.40-94.38 2020 / 6 / 23 2020 / 7 / 16

Ma Gangjie 5000 0.0037% 2020 / 7 / 16 ~ 92.25-92.57 2020 / 6 / 23 2020 / 7 / 16

Chen Zhiyong 20000 0.0149% 2020 / 7 / 16 ~ 93.52-93.62

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