Tongxing Environmental Protection Technology Co.Ltd(003027) : pre disclosure announcement on the reduction plan of shareholders holding more than 5%

Securities code: 003027 securities abbreviation: Tongxing Environmental Protection Technology Co.Ltd(003027) Announcement No.: 2022-002 Tongxing Environmental Protection Technology Co.Ltd(003027)

Pre disclosure announcement on the reduction plan of shareholders holding more than 5%

Anhui Hi Tech Jintong Anyi equity investment fund (limited partnership), a shareholder holding more than 5%, 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 tips:

Anhui Gaoxin Jintong Anyi equity investment fund (limited partnership) (hereinafter referred to as “Gaoxin Jintong”) and Anhui Gaoxin Jintong Anyi phase II venture capital fund (limited partnership) (hereinafter referred to as “Gaoxin Jintong phase II”) hold 16695000 shares of the company (accounting for 12.5963% of the total share capital of the company), Both Gaoxin Jintong and Gaoxin Jintong phase II are investment funds managed by Anhui Jintong Anyi investment management partnership (limited partnership).

Gaoxin Jintong, a shareholder holding 13920000 shares of Tongxing Environmental Protection Technology Co.Ltd(003027) (hereinafter referred to as “the company”), plans to reduce 10603120 shares of the company (accounting for 8.0000% of the company’s total share capital) by means of centralized bidding and / or block trading within 6 months after 15 trading days from the date of this announcement.

The company has recently received the notification letter of share reduction plan issued by the shareholder Gaoxin Jintong, and now the specific situation is announced as follows:

1、 Basic information of shareholders

1. Shareholder name: Anhui Hi Tech Jintong Anyi equity investment fund (limited partnership)

2. Shareholding of shareholders: as of the date of this announcement, Gaoxin Jintong held 13920000 shares of the company, accounting for 10.5026% of the total share capital of the company.

2、 Main contents of this reduction plan

1. Reasons for reduction: shareholders’ own capital needs.

2. Source of shares: shares issued before the company’s initial public offering (including the shares of the above-mentioned shares increased correspondingly due to the conversion of capital reserve into share capital due to equity distribution after the company’s initial public offering).

3. Number and proportion of shares to be reduced: it is proposed to reduce 10603120 shares of the company (accounting for 8.0000% of the total share capital of the company). If the company has any share change during the reduction period, such as share distribution, conversion of capital reserve to share capital, share allotment and so on, the number of shares reduced will be adjusted accordingly.

4. Reduction method: centralized bidding trading and / or block trading.

5. Reduction period: within 6 months after 15 trading days from the date of issuance of this announcement, the reduction shall be conducted in the form of centralized bidding and / or block trading.

6. Price range: determined according to the market price and trading method at the time of reduction.

3、 Relevant commitments and performance

1. The shareholder of the company, hi tech Jintong, has made the following commitments on the circulation restriction and voluntary locking of its shares:

“Within 12 months from the date of listing of the issuer’s shares, it shall not transfer or entrust others to manage the shares directly or indirectly held by itself that have been issued before the issuer’s public offering of shares, nor shall it propose that the issuer repurchase the shares directly or indirectly held by itself that have been issued before the issuer’s public offering of shares.”

2. The company’s shareholder Gaoxin Jintong capital’s commitment on Shareholding and reduction intention is as follows:

“① the company will strictly abide by the commitment on share lock-in and the relevant provisions of laws and regulations, and will not reduce the company’s shares during the sales restriction period. If it plans to reduce the company’s shares after the expiration of the lock-in period of holding the company’s shares, the total number of shares reduced will not exceed the restrictions of relevant laws and regulations and the rules of the stock exchange. When implementing the reduction, it will be in accordance with the provisions of the CSRC The 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 of Shenzhen Stock Exchange shall perform the necessary filing and announcement procedures, and shall not reduce their shares before performing the legal procedures.

② The way of reducing the company’s shares shall comply with the provisions of relevant laws and regulations, including but not limited to centralized bidding trading in stock exchanges, agreement transfer, block trading, etc. “

As of the date of this announcement, Gaoxin Jintong has strictly complied with the above commitments and has not violated the above commitments. The proposed reduction is consistent with the commitments it has made.

4、 Relevant risk tips

1. The implementation of this share reduction plan is uncertain. Gaoxin Jintong will decide whether to implement this share reduction plan according to its own situation and market conditions.

2. The reduction plan does not violate the securities law, the Listing Rules of Shenzhen Stock Exchange, the guidelines for the standardized operation of listed companies of Shenzhen Stock Exchange, several provisions on the reduction of shares by shareholders, directors, supervisors and senior managers of listed companies, the implementation rules for the reduction of shares by shareholders, directors, supervisors and senior managers of listed companies of Shenzhen Stock Exchange and other laws Regulations and normative documents.

3. The implementation of this share reduction plan will not lead to the change of the company’s control and will not have an impact on the company’s governance structure and sustainable operation.

4. The company will continue to pay attention to the progress of the share reduction plan of Gaoxin Jintong, and timely perform the obligation of information disclosure in accordance with relevant regulations.

5、 Documents for future reference

1. Notification letter of share reduction plan issued by hi tech Jintong

It is hereby announced.

Tongxing Environmental Protection Technology Co.Ltd(003027) board of directors January 15, 2022

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