Wedge Industrial Co.Ltd(000534) : Wedge Industrial Co.Ltd(000534) announcement on the cancellation of pledge of major shareholders’ equity

Securities code: 000534 securities abbreviation: Wedge Industrial Co.Ltd(000534) Announcement No.: 2022-010 Wedge Industrial Co.Ltd(000534)

Announcement on cancellation of pledge of major shareholders’ equity

The company and all members of the board of directors guarantee that the content of information disclosure is true, accurate and complete

There are false records, misleading statements or major omissions.

Wedge Industrial Co.Ltd(000534) (hereinafter referred to as “the company”) received a notice from the major shareholder Wanze Group Co., Ltd. (hereinafter referred to as “Wanze group”) on January 19, 2022, learned that Wanze group had returned part of the loan principal and interest of China Everbright Bank Company Limited Co.Ltd(601818) Shenzhen Branch, and released its original pledged 5.7 million circulating shares of the company with unlimited sales conditions. The specific matters are as follows:

1. Basic information of this pledge cancellation

Whether it is the pledge of this cancellation of holding

The number of shareholders or the number of first Pledged Shares in the total starting date of the company held by them and the date of cancellation of the pledgee

Proportion of major shareholders and their (shares) share capital

Concerted action person

Wanzeji China China Everbright Bank Company Limited Co.Ltd(601818) Group Co., Ltd. is 5700000 2.88% 1.15% 2020-12-29 2022-1-19 Co., Ltd. Shenzhen Branch

Total / 5700000 2.88% 1.15% / //

2. Basic information of cumulative pledge of shareholders’ shares

As of the disclosure date of the announcement, the cumulative Pledged Shares held by the above shareholders and their persons acting in concert are as follows:

Pledged shares, non Pledged Shares, number of shares held by shareholders, shareholding ratio, cumulative Pledged Shares in the total Pledged Shares in the company, pledged non Pledged Shares in the name of non Pledged Shares (shares) Proportion of restricted shares, proportion of share capital, proportion of restricted and pledged shares, proportion of frozen shares, proportion of frozen shares

Wanze group

Limited 197608136 39.86% 108414000 54.86% 21.87% 0 company

Total 197608136 39.86% 108414000 54.86% 21.87% 0

Wanze group is in good credit condition, with capital repayment ability and controllable pledge risk. In case of liquidation risk, Wanze group will take measures including supplementary pledge and prepayment to deal with the above risks. It is hereby announced.

Wedge Industrial Co.Ltd(000534) board of directors

January 20, 2022

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