Hitevision Co.Ltd(002955) : pre disclosure announcement on the share reduction plan of shareholders holding more than 5%

1. Securities code: Hitevision Co.Ltd(002955) securities abbreviation: Hitevision Co.Ltd(002955) Announcement No.: 2022031 Hitevision Co.Ltd(002955) pre disclosure announcement on the share reduction plan of shareholders holding more than 5% shares Eagle Group business limited, the shareholder holding more than 5% shares, guarantees that the information provided to the company is true, accurate and complete without false records, misleading statements or major omissions. The company and all members of the board of directors guarantee that the contents of the announcement are consistent with the information provided by the information disclosure obligor. Special note: Eagle Group Business Limited (“Yingfa group”), a shareholder holding 16999998 shares of Hitevision Co.Ltd(002955) (hereinafter referred to as ” Hitevision Co.Ltd(002955) ” and “the company”) (accounting for 7.23% of the company’s total share capital of 234985690 shares as of April 27, 2022) It is planned to reduce the total shares of the company by means of centralized bidding within 6 months after 15 trading days from the date of disclosure of the reduction plan or block trading within 6 months after 3 trading days from the date of disclosure of the reduction plan, i.e. not more than 2.30% of the total share capital of the company as of April 27, 2022. On April 27, 2022, the company received the notification letter on the plan of reducing Hitevision Co.Ltd(002955) shares from Yingfa group, and now announces the relevant information as follows: I. Basic information of reducing shareholders (I) name of shareholders: Eagle Group Business Limited (II) total number of shares held by shareholders and proportion in the total share capital of the company: Yingfa group holds 1699998 shares of the company, accounting for 7.23% of the total share capital of the company as of April 27, 2022. 2、 Main contents of this reduction plan (I) specific arrangement of reduction plan 1. Reason for reduction: realize return on investment. 2. Source of shares: shares before the company’s initial public offering (including shares increased correspondingly by converting the company’s capital 2 reserve into share capital during the period when it holds shares of the company). 3. Reduction method: centralized bidding transaction or block transaction. 4. Number and proportion of shares to be reduced: on the premise of complying with relevant laws and regulations, the number of shares to be reduced in the company shall not exceed 5400000 shares (including this number), that is, not more than 2.30% of the total share capital of the company as of April 27, 2022. (if the company has ex rights and ex dividend matters such as share distribution, conversion of capital reserve to share capital, allotment of shares and so on during the reduction period, the number of shares to be reduced will be adjusted accordingly). 5. Reduction period: in case of centralized bidding transaction, within 6 months after 15 trading days from the date of disclosure of this announcement, and within any continuous 90 natural days, the total number of shares reduced shall not exceed 1% of the total share capital of the company; In case of block trading, within 6 months after 3 trading days from the date of disclosure of this announcement, and within any continuous 90 natural days, the total number of shares reduced shall not exceed 2% of the total share capital of the company. 6. Reduction price: determined according to the secondary market price at the time of reduction. (II) whether the proposed reduction is consistent with the previously disclosed intention of shareholders The commitments are consistent. The specific contents of the commitments made by Yingfa group in the prospectus of Hitevision Co.Ltd(002955) initial public offering and the announcement of Hitevision Co.Ltd(002955) initial public offering of A-Shares are as follows: “Within 12 months from the date when the issuer’s A-share shares are listed and traded in Shenzhen Stock Exchange, the enterprise will not transfer or entrust others to manage the issuer’s shares directly or indirectly held by the enterprise before the issuer’s listing, nor will the issuer repurchase such shares.” “If the shares of the issuer held by the enterprise change due to the equity distribution of the issuer, the enterprise will still abide by the above commitments.” “The company will adopt the methods permitted by laws and regulations when reducing its holdings, and strictly abide by the provisions of certain provisions on the reduction of shares held by shareholders, directors, supervisors and senior managers of listed companies and the detailed rules for the implementation of the reduction of shares held by shareholders, directors, supervisors and senior managers of Listed Companies in Shenzhen Stock Exchange.” “If the issuer’s shares obtained by the enterprise through capital increase or transfer are not more than 12 months from the date of publication of the prospectus by the issuer, the issuer shall not transfer or entrust others to manage the shares within 36 months from the date of completion of the industrial and commercial change registration procedures of the issuer’s share change, nor shall the issuer repurchase the shares.” “If the issuer’s shares obtained by the enterprise through capital increase or transfer are more than 12 months from the date of publication of the prospectus by the issuer, the issuer will not transfer or entrust others to manage the shares within 12 months from the date of completion of the industrial and commercial change registration procedures of the issuer’s share change, nor will the issuer repurchase the shares.” “If the issuer’s shares held by the enterprise are reduced within 2 years after the expiration of the lock-in period, the reduction price of such shares will not be lower than the issuance price (if the issuer’s shares have ex right and ex interest matters such as dividend distribution, share distribution and conversion of capital reserve into share capital during this period, the issuance price shall be adjusted accordingly).” “When the enterprise reduces its holdings, it will notify the issuer three trading days in advance and make an announcement. It shall not reduce its holdings before fulfilling the announcement procedures.” “If the enterprise fails to fulfill the relevant commitments, the enterprise will publicly explain the specific reasons for the failure in the shareholders’ meeting of the issuer and the newspapers and periodicals designated by the CSRC, and apologize to the shareholders and public investors of the issuer; if the enterprise obtains income due to the failure to fulfill the above commitments, the income will belong to the issuer, and the above income will be paid to the account designated by the issuer within 5 days of obtaining the income The enterprise shall timely and fully disclose the specific reasons for the failure, inability or failure to perform the relevant commitments on time; The enterprise proposes supplementary or alternative commitments to investors to protect the rights and interests of investors as much as possible, and submits the above supplementary or alternative commitments to the general meeting of shareholders of the issuer for deliberation; From the date of non performance of the commitment to the date of completion of the performance of the new commitment or the implementation of the corresponding remedial measures, the enterprise will not receive the profits distributed by the issuer during the above-mentioned period, and shall not transfer the shares of the issuer held by the enterprise (except for the conversion of shares due to inheritance, enforcement, reorganization of listed companies, performance of commitments to protect the interests of investors, etc.); If the violation of the commitment causes losses to the investors, the enterprise will compensate the investors according to law. ” As of the disclosure date of this announcement, the above commitments of Yingfa group have been strictly fulfilled, and there is no violation of this commitment. 3、 Relevant risk Tips 1. Yingfa group will decide whether to implement the share reduction plan in whole or in part according to the market conditions and the company’s share price. There is uncertainty about the implementation of the share reduction plan such as the reduction time and price. 2. The share reduction plan complies with the provisions of laws, regulations and normative documents such as the securities law of the people’s Republic of China, the stock listing rules of Shenzhen Stock Exchange, the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board, and the detailed rules for the implementation of share reduction by shareholders, directors, supervisors and senior managers of listed companies of Shenzhen Stock Exchange. 43. Yingfa group is not the controlling shareholder, actual controller and persons acting in concert of the listed company. The implementation of the reduction plan will not lead to the change of the control right of the listed company, nor will it have an impact on the corporate governance structure and sustainable operation. 4. During the period of reducing the company’s shares according to the above plan, the company will continue to pay attention to the progress of the share reduction plan, and the company will urge Yingfa group to timely fulfill its obligation of information disclosure in accordance with relevant regulations. Please invest rationally and pay attention to investment risks. 4、 Document for future reference: notification letter on the plan of reducing Hitevision Co.Ltd(002955) shares. It is hereby announced Hitevision Co.Ltd(002955) board of directors April 28, 2022