Zhejiang Founder Motor Co.Ltd(002196) : Announcement on the commitment of the subscription object not to reduce the company’s shares in a specific period

Securities code: 002196 securities abbreviation: Zhejiang Founder Motor Co.Ltd(002196) Announcement No.: 2022-011 Zhejiang Founder Motor Co.Ltd(002196)

On the issue of the subscription object not to reduce the company’s shares in a specific period

Commitment announcement

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 individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

According to the securities law of the people’s Republic of China, the detailed rules for the implementation of non-public offering of shares by listed companies (revised in February 2020) and other laws and regulations, Zhejiang Founder Motor Co.Ltd(002196) (hereinafter referred to as ” Zhejiang Founder Motor Co.Ltd(002196) ” or “the company”) the subscription object of this non-public offering The company’s controlling shareholder Zhuoyue Automobile Co., Ltd. (hereinafter referred to as “Zhuoyue automobile”) and its concerted actors Zhongzhen Hanjiang Equipment Technology Co., Ltd. (hereinafter referred to as “Hanjiang equipment”) and Zhang Min issued a letter of commitment not to reduce the company’s shares in a specific period, with the specific contents as follows:

From the issuance date of this letter of commitment to six months after the completion of this offering, the company / I promise not to reduce the shares held by Zhejiang Founder Motor Co.Ltd(002196) . If the company / I violate the above commitments and reduce Zhejiang Founder Motor Co.Ltd(002196) shares, all the proceeds from the reduction shall belong to Zhejiang Founder Motor Co.Ltd(002196) .

It is hereby announced.

Zhejiang Founder Motor Co.Ltd(002196) board of directors January 25, 2022

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