600238: Hai Nan Yedao (Group) Co.Ltd(600238) announcement of share reduction plan through centralized bidding by shareholders

Securities code: 600238 securities abbreviation: Hai Nan Yedao (Group) Co.Ltd(600238) Announcement No.: 2022-001

Announcement on share reduction plan of shareholders of Hai Nan Yedao (Group) Co.Ltd(600238) (Group) Co., Ltd. through centralized bidding

The board of directors, all directors and relevant shareholders of the company guarantee that there are no false records

Misleading statements or material omissions, and assume individual and joint responsibility for the authenticity, accuracy and completeness of their contents

Take responsibility.

Important content tips:

As of the date of this announcement, Haikou state owned Assets Management Co., Ltd. (hereinafter referred to as “state owned assets company”) holds

There are Hai Nan Yedao (Group) Co.Ltd(600238) 60819632 shares, accounting for 13.57% of the total share capital of Hai Nan Yedao (Group) Co.Ltd(600238) . The source of shares is the first time

The shares before public offering and the proceeds from increased holdings through centralized bidding trading are tradable shares with unlimited sales conditions. The state-owned assets company plans to reduce its first holding by means of centralized bidding through the securities trading system of Shanghai Stock Exchange

The reduction of Hai Nan Yedao (Group) Co.Ltd(600238) shares before the public offering shall not exceed 2% of the total share capital of Hai Nan Yedao (Group) Co.Ltd(600238) ,

That is, 8964000 shares, and the total number of shares reduced within any continuous 90 natural days shall not exceed the shares of the company

1% of the total, and the reduction price shall be determined according to the secondary market price at the time of reduction. The reduction was announced 15 months ago

Within 6 months after the trading day.

1、 Basic information of centralized bidding reduction entities

Shareholder name shareholder identity shareholding number (shares) shareholding proportion current shareholding source

Obtained before IPO: 54947295 non shares with more than 5% of state-owned assets in Haikou

60,819,632 13.57%

A major shareholder of the Operation Co., Ltd. obtained 5872337 shares through centralized bidding transaction

The above reduction subjects have no concerted action.

Share reduction by shareholders in the past 12 months

Reduction quantity reduction price range early reduction plan

Name of shareholder reduction proportion reduction period

(share) (yuan / share) disclosure date

Haikou state owned assets 17918000 3.9978% June 29, 2021 ~ 20.05-30.20 June 7, 2021

Operation Co., Ltd. August 12, 2021

2、 Main contents of centralized bidding reduction plan

reduce one’s shares in a listed company

Planned reduction number planned reduction competitive trading reasonable proposed reduction of shareholding proposed reduction name of original shareholder reduction method

Price share source during the reduction period due to the proportion of shares (shares)

section

Haikou’s state-owned no more than: no more than: bidding transaction reduction. On February 10, 2022, according to the self-development assets obtained before the market IPO, there are 8964000 shares and 2% of the price need to be paid

Limited company no more than: August 10, 2022

8964000 shares

(1) Whether the relevant shareholders have other arrangements □ yes √ no

(2) The major shareholders and the directors, supervisors and senior executives had previously made comments on the shareholding ratio, number of shares, shareholding period, reduction method and reduction

Quantity, reduction price, etc. □ yes √ no

(3) Other matters required by the exchange

nothing

3、 Risk tips related to centralized bidding reduction plan

(1) The uncertainty risk of the implementation of the reduction plan, such as the preconditions, restrictive conditions and relevant conditions for the implementation of the plan

Specific circumstances of achievement or elimination of relevant conditions, etc

State owned companies will decide whether and how to implement the plan according to market conditions, company stock prices and other specific circumstances

There is uncertainty in the quantity and price of the share reduction plan.

(2) Whether the implementation of the share reduction plan may lead to the risk of change in the control of the listed company □ yes √ no (III) other risk tips

1. This share reduction plan complies with the requirements of the securities law, several provisions on share reduction by shareholders, directors, supervisors and senior managers of listed companies, detailed rules for the implementation of share reduction by shareholders, directors, supervisors and senior managers of listed companies of Shanghai Stock Exchange and other relevant laws and regulations. During the reduction period, SASAC will implement the reduction in strict accordance with relevant regulations and regulatory requirements.

2. The company will continue to pay attention to the progress of this reduction plan and timely perform the obligation of information disclosure in accordance with relevant regulations.

It is hereby announced.

Board of directors of Hai Nan Yedao (Group) Co.Ltd(600238) (Group) Co., Ltd. January 12, 2022

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