603690: Announcement on the results of shareholders' share reduction

Securities code: 603690 securities abbreviation: Pnc Process Systems Co.Ltd(603690) Announcement No.: 2022-006

Pnc Process Systems Co.Ltd(603690)

Announcement on the results of shareholders' 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 bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Important content tips:

Basic information of shareholders' shareholding

Before the implementation of the reduction plan, Pnc Process Systems Co.Ltd(603690) (hereinafter referred to as "the company") shareholder Mr. Zhao Hao held 13715640 shares of the company, accounting for 4.3063% of the company's current total share capital of 318500474 shares. Mr. Zhao Hao and the person acting in concert Pinghu Bowei investment management partnership (limited partnership) (hereinafter referred to as "Pinghu Bowei") hold 19034225 shares of the company, accounting for 5.9762% of the current total share capital of the company.

Main contents of share reduction plan

The company disclosed the announcement of shareholders' share reduction plan (Announcement No.: 2021-114) on the website of Shanghai Stock Exchange on September 16, 2021. Due to the capital demand for paying the tax related to the purchase of assets by issuing shares, Mr. Zhao Hao plans to reduce his holding of no more than 3390000 shares by means of centralized bidding and block trading within 6 months after the 15 trading days from the disclosure date of the announcement of the reduction plan, that is, no more than 1.0644% of the current total shares of the company.

Implementation results of share reduction plan

As of the date of this announcement, the reduction has been implemented. During the implementation of the reduction plan, Mr. Zhao Hao reduced 3373020 shares through centralized bidding and block trading, accounting for 1.0590% of the total share capital of the company. After the reduction, Mr. Zhao Hao still held 10342620 shares, accounting for 3.2473% of the total share capital of the company; Mr. Zhao Hao and Pinghu Bowei, the person acting in concert, hold 15661205 shares of the company, accounting for 4.9172% of the total share capital of the company.

1、 Basic information of the reducing entity before the reduction

Shareholder name shareholder identity shareholding quantity shareholding proportion current shareholding share source (share)

Zhao Hao more than 5% of the largest shareholder issued shares to purchase assets and obtained 13715640 shares with 4.3063%

There are persons acting in concert with the above reduction subjects:

Name of shareholders number of shares (shares) shareholding proportion reason for formation of concerted action relationship

Group I Zhao Hao 13715640 4.3063% -

Pinghu Bowei 5318585 1.6699% Pinghu Bowei is an enterprise controlled by Mr. Zhao Hao

Total 19034225 5.9762% -

2、 Implementation results of the share reduction plan (I) shareholders disclose the implementation results of the share reduction plan due to the following matters:

The implementation of the reduction plan has been completed

Number of shareholders' holdings reduction ratio of holdings reduction during the period of holdings reduction method of holdings reduction price range total amount of holdings reduction (yuan) current number of shares holdings completed current holding name (share) case (yuan / share) quantity (share) proportion

Zhao Hao 3373020 1.0590% 2021 / 11 / 9 ~ centralized bidding delivery 43.89-63.20 187700922.53 has completed 10342620 3.2473% 2022 / 1 / 17 easy and block transactions

(2) Whether the actual reduction is consistent with the previously disclosed reduction plan and commitment √ yes □ no (III) whether the reduction time interval expires and 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 (V) whether the reduction plan has been terminated in advance □ yes √ no

It is hereby announced.

Pnc Process Systems Co.Ltd(603690) board of directors January 19, 2022

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