Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) : Announcement on the results of share reduction by shareholders holding more than 5% and directors, supervisors and senior executives

Securities code: Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) securities abbreviation: Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) Announcement No.: 2022023

Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) Technology Co., Ltd

Announcement on the results of share reduction of shareholders holding more than 5% and directors, supervisors 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 legal responsibility for the authenticity, accuracy and integrity of its contents according to law. Important content tips:

Basic information of shareholding of major shareholders and directors, supervisors and senior executives

Prior to the implementation of the share reduction plan, the shareholders holding more than 5% of the shares of Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) Technology Co., Ltd. (hereinafter referred to as “the company”) and the shareholding of directors, supervisors and senior executives are as follows:

1. Lu Hongping holds 6370000 shares of the company, accounting for 7.24% of the total share capital of the company;

2. Zheng Jiaxuan holds 3651513 shares of the company, accounting for 4.15% of the total share capital of the company;

3. Fang Gang holds 233000 shares of the company, accounting for 2.65% of the total share capital of the company;

4. Lu Jinjun holds 1735000 shares of the company, accounting for 1.97% of the total share capital of the company;

5. 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”) Hubei Hongtai Mingshan venture capital partnership (limited partnership) (hereinafter referred to as “Hongtai Mingshan”) holds 4880000 shares of the company, accounting for 5.55% of the total share capital of the company.

The above shares are from the shares held by the company before the initial public offering and will be listed and circulated from September 6, 2021.

Implementation results of share reduction plan

On October 30, 2021, the company disclosed the announcement on the share reduction plan of shareholders holding more than 5% and directors, supervisors and senior managers of Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) Technology Co., Ltd. (Announcement No.: 2021053). The reduction plan involves 8 shareholders, and it is proposed to reduce their holdings through centralized bidding or block trading. Through centralized bidding and block trading

The total number of shares of the company held by them shall not exceed 5091250, and the number of shares to be reduced accounts for the total number of shares of the company

The total proportion of share capital shall not exceed 5.79%.

On May 19, 2022, the company received from the shareholders Lu Hongping, Zheng Jiaxuan, Fang Gang, Lu Jinjun and Gao Xinfu

Notification letter on the progress of share reduction issued by Germany, high tech Taifu, mingshanruide and Hongtai Mingshan. section

As of the disclosure date of this announcement, the company’s shareholder Lu Hongping reduced her holdings of 568437 shares through centralized bidding trading

The number of shares accounts for 0.65% of the total share capital of the company; Zheng Jiaxuan, director of the company, reduced his holdings through centralized bidding trading

448900 shares, accounting for 0.51% of the total share capital of the company; Fang Gangtong, director and deputy general manager of the company

10000 shares are reduced through centralized bidding trading, and the number of shares reduced accounts for 0.01% of the total share capital of the company; company

Director Lu Jinjun reduced 250000 shares by means of centralized bidding transaction, accounting for the total share capital of the company

28.0%; The shareholders of the company, Gaoxin Fude, Gaoxin Taifu, Mingshan Ruide and Hongtai Mingshan, acting in concert, reduced 470400 shares in total through centralized bidding trading, accounting for 20% of the total share capital of the company

0.53%。 The time interval of this reduction plan expires, and the implementation of this reduction plan has been completed.

1、 Basic information of the reducing entity before the reduction

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

Lu Hongping obtained more than 5% before the first IPO: 6370000 major shareholders 63700007.24%

Director, supervisor, senior manager

Zheng Jiaxuan obtained 4.15% before IPO: 3651513 share level managers

Director, supervisor, senior manager

Fang Gang obtained 2.65% before IPO: 233000 share level managers

Director, supervisor, senior manager

Lu Jinjin 1.97% obtained before IPO: 1735000 share level managers

Suzhou hi tech Fude investment enterprise (Group) Co., Ltd

Partnership), a total of more than 5% obtained before the non first IPO: 4880000 major shareholders 5.55%

Qingcheng hi tech Taifu investment management partnership

Enterprise (limited partnership), Suzhou Mingshan Ruide investment enterprise (limited partnership), Hubei Hongtai Mingshan venture capital partnership (limited partnership)

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

Name of shareholders number of shares (shares) shareholding ratio concerted action relationship formation reasons

Suzhou New District Hi-Tech Industrial Co.Ltd(600736) Fude

Investment enterprises (limited high tech Fude, high tech Taifu, Mingshan partnership) and executive partners of Gongqingcheng Ruide. Per capita high tech Taifu investment is Suzhou Mingshan Investment Management Co., Ltd., Suzhou Mingshan Investment Management Co., Ltd. (limited partnership) The company holds 5.55% of the business partners of the first group of Suzhou Mingshan Ruide 4880000 of Hongtai Mingshan, Hubei hongtaiming investment enterprise (limited partnership of Hongtai Mingshan Venture Capital Management Co., Ltd.), 60% of the equity of Hubei Hongtai, and high tech Fude Gaotai Mingshan venture capital xintaifu, Mingshan Ruide and Hongtai Mingzi partnership (with the relationship of people acting in concert).

Limited partnership)

Total 48800005.55% –

2、 Implementation results of the reduction plan (I) major shareholders and directors, supervisors and senior executives disclose the implementation results of the reduction plan due to the following matters: the disclosed reduction time interval expires

Name of shareholder number of holdings reduction proportion of holdings reduction period of holdings reduction price range total amount of holdings reduction completion of holdings reduction current holdings current holdings (shares) (yuan / share) (yuan) quantity (share) proportion

November 20, 2021 ~ centralized competition

Lu Hongping 5684370.65% 427.00-487. Changying Xinzhi Technology Co.Ltd(002664) 9026114 unfinished: 1191563 shares 58015636.59% 2022 / 5 / 19 price transaction

November 20, 2021 ~ centralized competition

Zheng Jiaxuan 4489000.51% 449.93-485.2120864749550 uncompleted: 1100 shares 32026133 3.64% 2022 / 5 / 19 price transaction

November 20, 2021 ~ centralized competition

Fang Gang 100000.01% 477.69-478.80478156300 unfinished: 490000 shares 23200002.64% 2022 / 5 / 19 price transaction

November 20, 2021 ~ centralized competition

Lu Jinjin 2500000 0.28% 445.00-485.151168881699 unfinished: 371250 shares 14850001.69% 2022 / 5 / 19 price transaction

Suzhou New District Hi-Tech Industrial Co.Ltd(600736)

Fude investment from November 20, 2021 to centralized competition

Enterprises (4704000.53% 220.50-471.0011202164000 unfinished: 1289600 shares 44096005.01% 2022 / 5 / 18 price transaction)

Limited partnership)

Gongqingcheng hi tech Taifu investment management partnership (limited partnership), Suzhou Mingshan Ruide investment enterprise (limited partnership), Hubei Hongtai Mingshan venture capital partnership (limited partnership)

(II) whether the actual reduction is consistent with the previously disclosed reduction plan and commitment √ yes □ no (III) whether the reduction time interval expires and whether the reduction has not been implemented □ not implemented √ implemented

(IV) whether the actual reduction has not reached the minimum reduction quantity (proportion) of the reduction plan □ not reached √ reached (V) whether the reduction plan is terminated in advance □ yes √ no

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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