Jiangsu Rainbow Heavy Industries Co.Ltd(002483) : progress announcement on the proposed change of the controlling shareholder and actual controller of the company

Securities code: 002483 securities abbreviation: Jiangsu Rainbow Heavy Industries Co.Ltd(002483) Announcement No.: 2022-003 Jiangsu Rainbow Heavy Industries Co.Ltd(002483)

Progress announcement on the proposed change of the controlling shareholder and actual controller of the company

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.

1、 Overview

On October 29, 2021, Guangzhou Industrial Investment Holding Group Co., Ltd. (hereinafter referred to as “Guangzhou industrial control”) and Nantong Weiwang Enterprise Management Co., Ltd. (hereinafter referred to as “Nantong Weiwang”), the controlling shareholder of Jiangsu Rainbow Heavy Industries Co.Ltd(002483) (hereinafter referred to as “company” or “listed company”) Wu Jian, the actual controller, signed the share transfer agreement on Jiangsu Rainbow Heavy Industries Co.Ltd(002483) between Nantong Weiwang Enterprise Management Co., Ltd., Wu Jian and Guangzhou Industrial Investment Holding Group Co., Ltd. (hereinafter referred to as the “share transfer agreement”), which is a conditional effective agreement. For details, please refer to the suggestive announcement on the signing of the share transfer agreement and waiver of voting rights by the controlling shareholder and the actual controller and the proposed change of the controlling shareholder and the actual controller (Announcement No.: 2021-103) disclosed by the company on cninfo.com and other designated information disclosure media on October 30, 2021.

2、 Relevant progress

Since the signing of the equity transfer agreement, all parties have actively promoted the implementation of relevant matters involved in the entry into force of the agreement. Recently, the company learned that Nantong Weiwang, Wu Jian and Guangzhou industrial control had signed the confirmation letter, and the three parties confirmed that all the conditions for the entry into force of the agreement agreed in the above share transfer agreement had been met, and the share transfer agreement had officially entered into force on January 24, 2022.

3、 Description of other relevant matters

Subsequently, the parties to this transaction will, in accordance with the relevant provisions of the regulatory authorities and the provisions of the share transfer agreement, promote various matters as soon as possible, including submitting compliance review materials on this share transfer to Shenzhen Stock Exchange and applying to China Securities Depository and Clearing Co., Ltd. for share transfer registration.

There is still uncertainty about whether the transaction can be successfully implemented and the time of completion. The company will perform the obligation of information disclosure in a timely manner in strict accordance with the provisions and requirements of relevant laws and regulations and the progress of relevant matters. Please make careful decisions and pay attention to investment risks.

It is hereby announced.

Jiangsu Rainbow Heavy Industries Co.Ltd(002483) board of directors

January 25, 2022

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