Shandong Weifang Rainbow Chemical Co.Ltd(301035) : Announcement on safety accidents in holding subsidiaries

Securities code: Shandong Weifang Rainbow Chemical Co.Ltd(301035) securities abbreviation: Shandong Weifang Rainbow Chemical Co.Ltd(301035) Announcement No.: 2022016 Shandong Weifang Rainbow Chemical Co.Ltd(301035)

Announcement on safety accidents in holding subsidiaries

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without

False records, misleading statements or material omissions.

1、 Accident related information

On May 21, 2022, an accident occurred in a wastewater storage tank of Ningxia Gree Fine Chemical Co., Ltd. (hereinafter referred to as "Ningxia Gree"), a holding subsidiary of Shandong Weifang Rainbow Chemical Co.Ltd(301035) (hereinafter referred to as "the company"), during the maintenance of the breather valve, resulting in the death of two construction workers of the company's external contractor. At present, the on-site rescue work has been completed. The accident is under investigation, and the details shall be subject to the information of the local government.

After the accident, the company immediately started the emergency plan, and the leaders of the company rushed to the site to organize the disposal, timely reported to the relevant departments of the local government according to the relevant procedures, actively cooperated with the relevant departments to organize the rescue and investigation, and did a good job in the aftermath work such as condolences to the families of the casualties. At present, all disposal work is being carried out in an orderly manner. 2、 Impact on the company and relevant instructions

Ningxia Gree is the company's holding subsidiary and the company's main production base of crude drugs. At present, Ningxia Gree has stopped production for safety inspection and fully cooperated with relevant government departments to investigate and analyze the cause of the accident. The company will seriously learn from the lessons of this accident. The company and its subsidiaries will immediately carry out safety production inspection, draw inferences from one instance, conduct in-depth hidden danger investigation and rectification, prevent similar accidents from happening again, and ensure the safety of employees' lives and property. The company will pay full attention to the progress of matters and fulfill the obligation of information disclosure in time. Please pay attention to investment risks.

The company expresses deep condolences to the victims and their families in the accident and apologizes for the social impact of the accident.

It is hereby announced.

Shandong Weifang Rainbow Chemical Co.Ltd(301035) board of directors may 23, 2022

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