688156: Announcement on the progress of shareholders’ share reduction after more than half of the time

Road Environment Technology Co.Ltd(688156) 1 securities code: 688156 securities abbreviation: Road Environment Technology Co.Ltd(688156) Announcement No.: 2022-003 Road Environment Technology Co.Ltd(688156) announcement on the half time of shareholders’ share reduction and progress of share reduction. 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 are responsible for the authenticity The accuracy and completeness shall bear legal responsibility according to law. Important content tips: basic information of major shareholders and directors, supervisors and senior executives. Before the implementation of the reduction plan, the shareholder Zhonglu advantage (Tianjin) equity investment fund partnership (limited partnership) (hereinafter referred to as “Zhonglu advantage”) held Road Environment Technology Co.Ltd(688156) (hereinafter referred to as “the company”) 54000000 shares, accounting for 5.88% of the total share capital of the company. The above shares come from the shares obtained before the company’s initial public offering, which have been lifted and listed on September 22, 2021. Progress of share reduction plan on September 23, 2021, the company disclosed the announcement on share reduction plan of shareholders (Announcement No.: 2021-042). Zhonglu advantage plans to reduce a total of no more than 5400000 shares through centralized bidding and block trading, that is, no more than 5.88% of the total share capital of the company. On December 8, 2021, the company disclosed the suggestive announcement on the reduction of more than 1% by shareholders holding more than 5%. From September 28, 2021 to December 6, 2021, Zhonglu advantage reduced 1223100 shares in total through centralized bidding and block trading, accounting for 4.55% of the total share capital of the company from 5.88%. Recently, the company received the notification letter on more than half the time of share reduction issued by the shareholder Zhonglu advantage. Zhonglu advantage has reduced 2303598 shares of the company through centralized bidding and block trading, accounting for 2.51% of the total share capital of the company. The time of this reduction plan of Zhonglu advantage is more than half, and its reduction plan has not been implemented yet. 1、 Basic information of the reduction subject before the reduction shareholder name shareholder identity shareholding number (shares) shareholding proportion current shareholding source Road Environment Technology Co.Ltd(688156) 2 middle road advantage of more than 5% non largest shareholder 5400000 5.88% obtained before IPO: 54000000 shares the above reduction subject has no concerted action. II Progress in the implementation of the reduction plan (I) major shareholders and directors, supervisors and senior executives disclose the progress in the implementation of the reduction plan for the following reasons: more than half of the reduction time, shareholder name, reduction quantity (shares), reduction proportion, reduction method during the reduction period, reduction price range (yuan / share), total amount of reduction (yuan) current holding quantity (shares) The current shareholding ratio of Zhonglu advantage is 23035982.51% from October 21, 2021 to January 18, 2022. Block transactions and centralized bidding transactions are 16.35-24.8840404244.8630964023.37% (II) whether the reduction is consistent with the plans and commitments previously disclosed by major shareholders or the board of directors and supervisors √ yes □ no (III) within the reduction time range, Whether the listed company has disclosed major issues such as high transfer or planning merger and reorganization □ yes √ no (IV) the impact of this reduction on the company. The implementation of this reduction plan will not lead to the change of the company’s control, nor will it have a significant impact on the company’s governance structure and sustainable operation. (V) no other matters required by the exchange. 3、 Relevant risk tips (I) uncertain risks of the implementation of the reduction plan, such as the preconditions and restrictive conditions for the implementation of the plan and the specific circumstances for the achievement or elimination of relevant conditions. As of the date of this announcement, the reduction plan of Zhonglu advantage of the company’s shareholders has not been implemented yet. During the period Road Environment Technology Co.Ltd(688156) 3 of the reduction plan, it will be implemented according to the market conditions There is some uncertainty about whether to continue the implementation and whether to implement the reduction plan 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 (III) other risk companies will continue to pay attention to the progress of the implementation of the shareholder’s share reduction plan and timely perform the obligation of information disclosure in accordance with the provisions of relevant laws and regulations. It is hereby announced. Road Environment Technology Co.Ltd(688156) board of directors January 19, 2022