688516: Wuxi Autowell Technology Co.Ltd(688516) announcement on receiving the second round of examination and inquiry letter from Shanghai stock exchange for the application for issuing shares to specific objects

Securities code: 688516 securities abbreviation: Wuxi Autowell Technology Co.Ltd(688516) Announcement No.: 2022-003 Wuxi Autowell Technology Co.Ltd(688516)

Announcement on receiving the second round of examination and inquiry letter from Shanghai stock exchange for the application for issuing shares to specific objects

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal liabilities for the authenticity, accuracy and integrity of its contents according to law.

Wuxi Autowell Technology Co.Ltd(688516) (hereinafter referred to as “the company”) received the second round of examination and inquiry letter on Wuxi Autowell Technology Co.Ltd(688516) application documents for issuing shares to specific objects (szkss (refinancing) [2022] No. 17) (hereinafter referred to as “the examination and inquiry letter”) issued by Shanghai Stock Exchange (hereinafter referred to as “the Shanghai Stock Exchange”) on January 22, 2022, The audit institution of Shanghai Stock Exchange reviewed the application documents for the company to issue shares to specific objects, and formed the second round of questions.

The company will work with relevant intermediaries to implement the relevant issues in the inquiry letter item by item in accordance with the requirements of the above audit inquiry letter, and timely submit the reply to the audit inquiry letter. The reply content will be disclosed in time through temporary announcement, and submit relevant documents through the issuance and listing audit business system of Shanghai Stock Exchange.

The company’s issue of shares to specific objects this time can only be implemented after passing the examination of Shanghai Stock Exchange and obtaining the decision of China Securities Regulatory Commission (hereinafter referred to as “CSRC”) to agree to registration. Whether the company can finally pass the examination of Shanghai Stock Exchange and obtain the decision of China Securities Regulatory Commission to agree to registration and its time are still uncertain. According to the progress of the matter, the company will timely perform the obligation of information disclosure in strict accordance with the provisions and requirements of relevant laws and regulations. Please pay attention to the investment risks.

It is hereby announced.

Wuxi Autowell Technology Co.Ltd(688516) board of directors January 23, 2022

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