601619: Ningxia Jiaze Renewables Corporation Limited(601619) announcement on the progress of share reduction through centralized bidding by shareholders

Securities code: 601619 securities abbreviation: Ningxia Jiaze Renewables Corporation Limited(601619) Announcement No.: 2022-009 bond Code: 113039 bond abbreviation: Jiaze convertible bonds

Ningxia Jiaze Renewables Corporation Limited(601619)

Announcement on the progress of shareholders’ centralized competitive reduction of shares

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 individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

Important content tips

● basic information of shareholders to be reduced this time

As of the date of disclosure of this announcement, Ningxia Bitai investment partnership (limited partnership) (hereinafter referred to as “Ningxia Bitai”) holds 194600000 tradable shares of the company with unlimited sales conditions, accounting for 7.99% of the company’s total share capital of 243422009 shares as of December 31, 2021. ● progress of centralized bidding reduction plan

1. On October 20, 2021, the company disclosed the announcement of Ningxia Jiaze Renewables Corporation Limited(601619) shareholders’ share reduction plan through centralized bidding (Announcement No.: 2021-114) on the website of Shanghai Stock Exchange. Ningxia Bitai plans to reduce the number of shares at the market price through centralized bidding, which is no more than 48369800 shares, that is, no more than 2% of the total share capital of the company. In any continuous 90 days, the total reduction of holdings through centralized bidding shall not exceed 1% of the total share capital of the company (i.e. not more than 24184900 shares).

During the implementation of the reduction plan, if the company has share changes such as share distribution and conversion of capital reserve to share capital, the number of shares reduced will be adjusted accordingly.

Reduction time range: within 6 months after 15 trading days from the date of disclosure of this announcement. 2. The company disclosed Ningxia Jiaze Renewables Corporation Limited(601619) on January 18, 2022

Report on major asset purchase and related party transactions (Draft) and its abstract. Ningxia Bitai has not yet

The share reduction plan has not been implemented yet.

1、 Basic information of the subject of centralized bidding reduction before reduction

Number of shares held

Shareholder name shareholder identity shareholding proportion current shareholding source

(shares)

More than 5% of Ningxia Bitai investment partnership was not obtained before the first 194600000 7.99% IPO:

Major shareholder of the enterprise (limited partnership): 194600000 shares

The above reduction subjects have no concerted action.

2、 Implementation progress of centralized bidding reduction plan

(I) the reduction shareholders disclose the implementation progress of the centralized bidding reduction plan for the following reasons:

Listed companies disclose major issues such as high transfer or planning merger and reorganization

Reduction price reduction total current holdings current shareholder name reduction number reduction ratio reduction method interval amount number of shares (shares) example (yuan / (yuan) (shares) proportion share)

Ningxia Bitai investment 0 0% 2021 / 11 / 10 centralized bidding 0 – 0 0 194,60 7.99% partnership (limited ~ transaction 0000)

Partnership) January 17, 2022

(II) whether the reduction is consistent with the plans and commitments previously disclosed by the reduction shareholders

√ yes □ no

(III) during the reduction period, whether the listed company discloses major events such as high transfer or planning merger and reorganization

√ yes □ no

The company disclosed the report on Ningxia Jiaze Renewables Corporation Limited(601619) major asset purchase and related party transactions (Draft) and its abstract on January 18, 2022. (IV) impact of this reduction on the company

Ningxia Bitai does not belong to the controlling shareholder, actual controller and persons acting in concert of Ningxia Jiaze Renewables Corporation Limited(601619) . The implementation of this reduction plan will not change the control right of the listed company, nor will it have an impact on the continuous operation of the company. (V) other matters required by the exchange: No. III. risk tips related to the centralized bidding reduction plan (I) uncertainty risk of the implementation of the reduction plan, such as the preconditions and restrictive conditions for the implementation of the plan, as well as the specific conditions for the achievement or elimination of relevant conditions, etc

Ningxia Bitai will decide whether to implement the share reduction plan according to the market conditions and the company’s share price. There is uncertainty about the reduction time and price, as well as whether to complete the implementation on schedule.

(II) whether the implementation of the share reduction plan will lead to the risk of change in the control of the listed company □ yes √ no

Ningxia Bitai does not belong to the controlling shareholder, actual controller and persons acting in concert of Ningxia Jiaze Renewables Corporation Limited(601619) . The implementation of this reduction plan will not change the control right of the listed company, nor will it have an impact on the continuous operation of the company. (III) other risks

During the period of reducing the company’s shares according to the above plan, Ningxia Bitai will strictly abide by the company law, securities law, several provisions on reducing the shares held by shareholders, directors, supervisors and senior managers of listed companies, detailed rules for the implementation of reducing the shares held by shareholders, directors, supervisors and senior managers of listed companies on Shanghai Stock Exchange and other laws and regulations Relevant provisions and commitments of departmental rules and normative documents, and will timely inform the company of the progress of reduction. The company will also continue to pay attention to and timely disclose the share reduction of Ningxia Bitai.

It is hereby announced.

Ningxia Jiaze Renewables Corporation Limited(601619) board of directors January 18, 2022

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