Anhui Ankai Automobile Co.Ltd(000868) : announcement of major contracts

Securities code: 000868 securities abbreviation: Anhui Ankai Automobile Co.Ltd(000868) Announcement No.: 2022-006 Anhui Ankai Automobile Co.Ltd(000868)

Announcement of major contracts

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 major omissions.

Anhui Ankai Automobile Co.Ltd(000868) (hereinafter referred to as “the company” or “the seller”) recently signed sales contract (hereinafter referred to as “the contract”) with JMS company (hereinafter referred to as “the buyer”, which is limited to confidentiality obligations and does not disclose its full name). 1、 Contract risk tips

1. Effective time and period of the contract:

The date of signature and seal by representatives of both parties shall be the effective date of the contract, and the contract shall be valid within one year from the effective date.

2. Performance period of the contract: delivery in batches before June 2022

3. Contract risks and uncertainties:

According to the contract, the seller must receive the full payment before the vehicle is shipped. If the payment is not received in full, there is a risk that the contract cannot be fully performed.

During the performance of the contract, major changes in the external environment and other force majeure factors may affect the performance of the contract. Therefore, there are certain performance risks and uncertainties. Please pay attention to the investment risks.

2、 Basic information of contract counterparty

1. Basic information:

Company abbreviation: JMS company

Legal representative: Alfredo Acosta

Registered address: Colonia San Jeronimo, city of Montreal, CP 64640, state of Nuevo Leon, Mexico

Main business: import, sales, retail and wholesale trade and maintenance of automobile, rail transit equipment and bus parts. Purchase and maintain cars, buses, rail transit equipment and all related service centers.

Association relationship: there is no association relationship with the company.

2. Purchase and sales amount with listed companies in the last three fiscal years:

In the last three fiscal years, the company did not sell products to JMS company.

3. Performance capability analysis:

The company and the buyer jointly participated in the bidding project of 800 municipal buses in Mexico and won the bid successfully. The buyer has signed the sales contract with the municipal government and received the advance payment from the government. It has good development ability and strong performance ability.

3、 Main contents of the contract

1. Contract signing time: January 18, 2022

2. Effective time and period of the contract:

The date when the representatives of both parties sign and seal the contract shall be the effective date of the contract, and the contract shall be valid within one year from the effective date.

3. Contract performance period: delivery in batches before June 2022

4. Product cooperation scope: Ankai bus

5. Contract amount: USD 68.8 million (about 436 million yuan)

6. Payment method: 100% vehicle payment in full advance by T / T

7. Port of departure: Chinese port

Port of destination: Mexico port

4、 Impact of contracts on Listed Companies

1. The contract amount accounts for about 13.37% of the audited operating revenue of the company in 2020. It is expected that this contract will have a positive impact on the company’s total sales revenue and profit in 2022, which is conducive to the improvement of the company’s performance.

2. This contract will not affect the independence of the company’s business; The company’s business involves many countries and regions in China and overseas, and the company will not rely on customers due to the performance of this contract.

5、 Risk tips for contract performance

According to the contract, the seller must receive the full payment before the vehicle is shipped. If the full payment is not received, the contract may not be fully performed.

During the performance of the contract, major changes in the external environment and other force majeure factors may affect the performance of the contract. Therefore, there are certain performance risks and uncertainties. Please pay attention to the investment risks.

6、 Documents for future reference

1. Sales contract signed between Anhui Ankai Automobile Co.Ltd(000868) and JMS company

It is hereby announced

Anhui Ankai Automobile Co.Ltd(000868) board of directors January 19, 2022

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