Wuxi Autowell Technology Co.Ltd(688516) : Wuxi Autowell Technology Co.Ltd(688516) announcement on receiving the implementation letter of the opinions of the audit center on issuing shares to specific objects

Securities code: Wuxi Autowell Technology Co.Ltd(688516) securities abbreviation: Wuxi Autowell Technology Co.Ltd(688516) Announcement No.: 2022045 Wuxi Autowell Technology Co.Ltd(688516)

Announcement on receiving the implementation letter of the opinions of the audit center on issuing shares to specific objects

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 legal responsibility for the authenticity, accuracy and integrity of its contents according to law.

Wuxi Autowell Technology Co.Ltd(688516) (hereinafter referred to as “the company”) received the implementation letter on the opinions of the audit center on Wuxi Autowell Technology Co.Ltd(688516) issuing shares to specific objects (szkss (refinancing) [2022] No. 88, hereinafter referred to as “the implementation letter”) from the listing audit center of science and Innovation Board of Shanghai Stock Exchange (hereinafter referred to as “the Shanghai Stock Exchange”) on April 30, 2022. The audit center of Shanghai Stock Exchange reviewed the application documents submitted by the company for issuing shares to specific objects (hereinafter referred to as “this issuance”) in accordance with the law. The audit center discussed the problems and the company implemented them. The specific problems to be implemented are: “the issuer is requested to give risk tips on the following matters in the raising statement: the risk that the future industrialization of high-end intelligent equipment R & D and industrialization projects is less than expected”.

The company will cooperate with the relevant intermediaries of this issuance to submit relevant materials to the acceptance Department of Shanghai Stock Exchange within the specified time limit in accordance with the requirements of the above implementation letter.

The company’s issue of shares to specific objects this time still needs the company to implement and reply to the questions raised by the audit opinions. After receiving the reply of the company’s implementation opinions, the Shanghai Stock Exchange will submit it to the China Securities Regulatory Commission (hereinafter referred to as “CSRC”) for registration. Whether this offering can be registered with the CSRC is still uncertain. The company will perform the obligation of information disclosure in strict accordance with the provisions and requirements of relevant laws and regulations according to the review progress of the matter. Please pay attention to investment risks.

It is hereby announced.

Wuxi Autowell Technology Co.Ltd(688516) board of directors may 5, 2022

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