City Development Environment Co.Ltd(000885) : City Development Environment Co.Ltd(000885) explanation of the board of directors on whether the stock price fluctuation meets the relevant standards in Article 5 of the notice on regulating the information disclosure of listed companies and the behavior of relevant parties

City Development Environment Co.Ltd(000885) board of directors

Notice on regulating the information disclosure of listed companies and the behavior of relevant parties

Article 5 description of relevant standards

City Development Environment Co.Ltd(000885) (hereinafter referred to as “the company”) intends to absorb and merge Tus Environmental Science And Technology Development Co.Ltd(000826) by issuing RMB common shares (A shares) to all shareholders of Tus Environmental Science And Technology Development Co.Ltd(000826) and raise supporting funds by non-public issuance of shares to no more than 35 specific investors (hereinafter referred to as “this transaction”).

Due to the planning of major asset restructuring, the company applied to Shenzhen stock exchange for suspension of trading since the opening of the market on January 11, 2021. The rise and fall of the company’s shares in the 20 trading days before the suspension, as well as the rise and fall of the market index and industry index in the same period are as follows:

Share price / index rose or fell on the 21st trading day before the suspension and the first trading day before the suspension

(December 10, 2020) (January 8, 2021)

City Development Environment Co.Ltd(000885) share price (yuan / share) 11.88 10.98 – 7.58%

Shenzhen Composite Index (399106. SZ) 2253.43 2419.50 7.37%

CSRC road transport industry index 1682.86 1593.37 – 5.32%

Number (883159. WI)

Excluding the impact of market factors, it rose / / – 14.95% decline

After excluding the influence of the same industry sector / – 2.26%

Fluctuation range

After excluding the market factors in the same period (Shenzhen composite index, 399106. SZ) and industry sector factors in the same period (road transportation industry index of CSRC, 883159. WI), the cumulative rise and fall of the company’s shares in the 20 trading days before the suspension did not exceed 20%, The fluctuation of stock price does not meet the relevant standards specified in Article 5 of the notice on regulating the information disclosure of listed companies and the behavior of relevant parties.

Due to the promotion of major asset restructuring, the company announced the revised transaction plan on July 23, 2021.

The rise and fall of City Development Environment Co.Ltd(000885) shares in the first 20 trading days of the revised trading scheme announced on July 23, 2021, as well as the rise and fall of the market index and industry index in the same period are as follows:

The 21st transaction before announcement the first transaction before announcement

Project date (June 24, 2021) (July 22, 2021)

(day)

City Development Environment Co.Ltd(000885) share price (yuan / share) 9.55 10.11 5.86%

Shenzhen Composite Index (399106. SZ) 2415.36 2503.85 3.66%

China Securities Regulatory Commission road transport industry index 1719.18 1705.17 – 0.81% (883159. WI)

After excluding the influence of market factors, the price rose or fell by / / 2.20%

After excluding the influence of the same industry sector, the price rose or fell / / 6.68%

Breadth

After excluding the market factors in the same period (Shenzhen composite index, 399106. SZ) and industry sector factors in the same period (road transportation industry index of CSRC, 883159. WI), the cumulative rise and fall of the company’s shares in the 20 trading days before the announcement of the revised trading scheme did not exceed 20%, The stock price fluctuation does not meet the relevant standards in Article 5 of the notice on regulating the information disclosure of listed companies and the behavior of relevant parties.

In addition, due to the continued promotion of major asset restructuring, City Development Environment Co.Ltd(000885) plans to announce the second revised transaction plan on January 22, 2022. The rise and fall of City Development Environment Co.Ltd(000885) shares in the first 20 trading days of the second revised trading plan announced on January 22, 2022, as well as the rise and fall of the market index and industry index in the same period are as follows:

The 21st transaction before announcement the first transaction before announcement

Project date (December 23, 2021) (January 21, 2022)

(day)

City Development Environment Co.Ltd(000885) share price (yuan / share) 10.54 11.07 5.03%

Shenzhen Composite Index (399106. SZ) 2524.74 2387.65 – 5.43%

CSRC road transport industry index 1805.00 1786.88 – 1.00%

(883159.WI)

Excluding the impact of market factors, the price rose or fell by / / 10.46%

Excluding the influence of the same industry sector, the rise / fall / / 6.03%

Breadth

After excluding the market factors of the same period (Shenzhen composite index, 399106. SZ) and the industry sector factors of the same period (road transportation industry index of CSRC, 883159. WI), the cumulative rise and fall of the company’s shares in the 20 trading days before the announcement of the revised trading plan did not exceed 20%, The stock price fluctuation does not meet the relevant standards specified in Article 5 of the notice on regulating the information disclosure of listed companies and the behavior of relevant parties.

To sum up, the cumulative rise and fall of the company’s shares within 20 trading days before the release of sensitive information that may affect the share price does not constitute abnormal fluctuation.

It is hereby explained.

(no text below)

(there is no text on this page, which is the seal page of the City Development Environment Co.Ltd(000885) board of directors’ statement on the company’s stock price fluctuation not meeting the relevant standards in Article 5 of the notice on regulating the information disclosure of listed companies and the behavior of relevant parties)

City Development Environment Co.Ltd(000885) board of directors mm / DD / yyyy

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