Zhejiang Cfmoto Power Co.Ltd(603129) : announcement on the result of share reduction by centralized bidding of Zhejiang Cfmoto Power Co.Ltd(603129) supervisors

Securities code: Zhejiang Cfmoto Power Co.Ltd(603129) securities abbreviation: Zhejiang Cfmoto Power Co.Ltd(603129) Announcement No.: 2022028

Zhejiang Cfmoto Power Co.Ltd(603129)

Announcement on the results of the reduction of shares by centralized bidding of supervisors

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 completeness of its contents. Important content tips:

Basic information of supervisors’ shareholding

The proportion of the company’s total shares held by the supervisors (hereinafter referred to as the “shares held by the supervisors”) after the implementation of the plan is unlimited, accounting for 28% of the total shares held by the company. Implementation results of centralized bidding reduction plan

On November 2, 2021, the company disclosed the announcement of Zhejiang Cfmoto Power Co.Ltd(603129) supervisors’ share reduction plan through centralized bidding (Announcement No.: 2021114). Jin Shunqing, the supervisor of the company, plans to reduce his holding of no more than 150000 shares of the company by means of centralized bidding, accounting for 0.0999% of the total share capital of the company and 246659% of his holding shares. The reduction price is determined according to the market price.

Recently, the company received a notice from supervisor Jin Shunqing that during the implementation of the reduction plan, supervisor Jin Shunqing reduced 55800 shares of the company. As of the disclosure date of this announcement, the reduction time of this reduction plan has expired. 1、 Basic information of the reducing entity before the reduction

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

Jin Shunqing, director, supervisor and Gao 608128, obtained 0.4052% before IPO:

Level management 608128 shares

There is no concerted action of the above subjects.

2、 Implementation results of centralized bidding reduction plan

(1) The supervisors disclose the implementation results of the share reduction plan due to the following matters:

The disclosed reduction time interval expires

Number of shareholders’ holdings reduction ratio of holdings reduction Party’s holdings reduction price total amount of holdings reduction completed current holdings name example of holdings reduction period interval (yuan) number of shares proportion of shares (share) (yuan / share) (share)

Jinshun 558000.0372% 2022 / 5 / 16 ~ centralized bidding 122.48686336400 has completed 5523280.3680% clearing price transaction 125.00 on 2022 / 5 / 18

(2) Whether the actual reduction is consistent with the previously disclosed reduction plan and commitment √ yes □ no

(3) When the reduction period expires, whether the reduction has not been implemented □ not implemented √ implemented

(4) Whether the actual reduction has not reached the minimum reduction quantity (proportion) of the reduction plan □ not reached √ reached

The minimum number of shares not promised in the share reduction plan (proportion)

(5) Whether to terminate the reduction plan in advance □ yes √ no

It is hereby announced.

Zhejiang Cfmoto Power Co.Ltd(603129) board of directors

February 23, 2025

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