Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) : suggestive announcement on the reduction of shares by shareholders with a total shareholding of more than 5% to 1%

Securities code: Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) securities abbreviation: Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) Announcement No.: 2022024 Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) Technology Co., Ltd

About the reduction of shares held by shareholders holding more than 5% of the total shares to 1%

Suggestive announcement

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.

Important content tips:

This equity change belongs to share reduction and does not touch the tender offer. This equity change is carried out through block trading and centralized bidding. The reduction part of centralized bidding is to fulfill the share reduction plan. For details, see the company’s announcement on Shanghai Stock Exchange (www.sse. Com. CN.) on October 30, 2021 The announcement of shareholders holding more than 5% of shares of Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) Technology Co., Ltd. and the share reduction plan of directors, supervisors and senior managers disclosed (Announcement No.: 2021053).

This equity change is the reduction of non largest shareholder holding more than 5% of the total shares, which will not lead to the change of the controlling shareholder and actual controller of the company.

After this equity change, the number of shares held by the information disclosure obligor in the company is 4389600, and the proportion of shares held in the company will be reduced from 6.0000% to 4.9882%.

Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) Technology Co., Ltd. (hereinafter referred to as “the company”) received from the shareholders of the company Suzhou New District Hi-Tech Industrial Co.Ltd(600736) Fude investment enterprise (limited partnership) (hereinafter referred to as “Gaoxin Fude”), Gongqingcheng Gaoxin Taifu investment management partnership (limited partnership) (hereinafter referred to as “Gaoxin Taifu”), Suzhou Mingshan Ruide investment enterprise (limited partnership) (hereinafter referred to as “Mingshan Ruide”) Notification letter on share reduction sent by Hubei Hongtai Mingshan venture capital partnership (limited partnership) (hereinafter referred to as “Hongtai Mingshan”). The relevant changes in equity are hereby announced as follows:

1、 Changes in equity this time

Name 1 Suzhou New District Hi-Tech Industrial Co.Ltd(600736) Fude investment enterprise (limited partnership)

Registered address: building 26, financial Valley Business Center, No. 99, Huatuo Road, high tech Zone, Suzhou

Name 2 Gongqingcheng hi tech Taifu investment management partnership (limited partnership)

Registered address: Gongqing city private equity fund innovation park, Jiujiang City, Jiangxi Province

Name of information disclosure 3 Suzhou mingshanruide investment enterprise (limited partnership)

Registered address of obligor base: Building 6, No. 99, Huatuo Road, high tech Zone, Suzhou, Jiangsu

Name of this information: 4 Hubei Hongtai Mingshan venture capital partnership (limited partnership)

Registered address: No. 5, floor 2, building 1, phase II, vision Plaza, No. 227, Zhongbei Road, Wuchang District

Changes in equity from October 18, 2021 to May 18, 2022

between

Change method change date share type reduction number of shares (shares) reduction proportion

(%)

Equity change block transactions and October 2021

Situation centralized bidding from 18th to 2022 RMB 890400 common shares 1.0118 May 18th

Total 8904001.0118

remarks:

1. Source of share reduction: shares before the company’s initial public offering;

2. All the shares involved in this equity change enjoy voting rights, and there are no restrictions on the transfer of voting rights, such as delegation or restriction of voting rights;

3. This change does not violate the securities law of the people’s Republic of China, the measures for the administration of the acquisition of listed companies and other laws and regulations, the business rules of Shanghai Stock Exchange and other relevant provisions and relevant commitments.

2、 Shares of the company owned by the information disclosure obligor before and after the equity change

Shares held before this transfer name of shareholders holding shares after this transfer nature of shares proportion of shares (shares) to total share capital proportion of shares (shares) to total share capital (%)

Gaoxin Fude holds 29500003.352325280002.8727 shares, including 29500003.352325280002.8727 shares with unlimited sales conditions

Shares held by hi tech Pacific 10100001.14778500000.9659, including shares with unlimited sales conditions 10100001.14778500000.9659

Mingshan Ruide holds 6 Shanghai Pudong Development Bank Co.Ltd(600000) .75005058000.5748 shares, including 6 Shanghai Pudong Development Bank Co.Ltd(600000) .75005058000.5748 shares without sale conditions

Hongtai Mingshan holds 6 Shanghai Pudong Development Bank Co.Ltd(600000) .75005058000.5748 shares, including 6 Shanghai Pudong Development Bank Co.Ltd(600000) .75005058000.5748 shares without sale conditions

Total shares held 52800006.000043896004.9882

Including: shares with unlimited sales conditions 52800006.000043896004.9882

Note: all the shares of the company held after this equity change enjoy voting rights, and there are no rights restrictions or transfer restrictions such as voting rights entrustment or restriction.

3、 Other information

1. This equity change is the reduction of shares, which does not involve the tender offer and the source of funds;

2. This equity change is through block trading and centralized bidding. According to relevant laws, regulations and normative documents, the reduction part of centralized bidding is to fulfill the share reduction plan. For details, see the company’s announcement on Shanghai Stock Exchange (www.sse. Com. CN.) on October 30, 2021 The announcement of shareholders holding more than 5% of shares of Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) Technology Co., Ltd. and the share reduction plan of directors, supervisors and senior managers (Announcement No.: 2021053); 3. This reduction will not lead to changes in the company’s controlling shareholders and actual controllers, and will not affect the company’s governance structure and sustainable operation;

4. This change in shareholders’ equity involves the disclosure of equity change report by the information disclosure obligor.

It is hereby announced.

Board of directors of Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) Technology Co., Ltd. May 20, 2022

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