Hangzhou Dadi Haiyang Environmental Protection Co.Ltd(301068) : explanation that this transaction does not constitute the reorganization and listing specified in Article 13 of the measures for the administration of major asset reorganization of listed companies

Hangzhou Dadi Haiyang Environmental Protection Co.Ltd(301068) board of directors

Explanation that this transaction does not constitute the reorganization and listing stipulated in Article 13 of the measures for the administration of major asset reorganization of listed companies

Hangzhou Dadi Haiyang Environmental Protection Co.Ltd(301068) (hereinafter referred to as the “listed company”) intends to purchase 100% equity of Zhejiang huge environment Co., Ltd. by issuing shares and paying cash, and raise supporting funds (hereinafter referred to as the “transaction”). As the acquirer of this transaction, the listed company explains that this transaction does not constitute the reorganization and listing specified in Article 13 of the administrative measures for major asset reorganization of listed companies as follows:

In the last 36 months, the controlling shareholders and actual controllers of the listed company are Tang Weizhong and Zhang Jielai, and the control right of the listed company has not changed. After the completion of this transaction, Tang Weizhong and Zhang Jielai are still the controlling shareholders and actual controllers of the listed company. This transaction will not lead to the change of the controlling shareholders and actual controllers of the listed company. Therefore, this transaction does not constitute the reorganization and listing stipulated in Article 13 of the reorganization management measures. It is hereby explained.

Hangzhou Dadi Haiyang Environmental Protection Co.Ltd(301068) board of directors January 21, 2022

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