Securities code: 600237 Securities abbreviation: Tongfeng Electronic Announcement number: Pro 2021-003

Anhui Tongfeng Electronics Co., LTD

Announcement of the resolution of the Third Meeting of the Ninth Board of Directors

The board of directors and all the directors of the Company warrant that there is no false record, misleading statement or material omission in the content of this announcement, and bear individual and joint liability for the authenticity, accuracy and completeness of the content.

1. The meeting of the Board of Directors is held in accordance with the relevant provisions of the Company Law of the People's Republic of China and the Articles of Association.

2. Notice and documents of the Board meeting shall be issued to all directors of the Company in writing and by fax on February 1, 2021.

3. This Board of Directors meeting will be held on February 5, 2021 by communication vote.

4. At this board meeting, 7 directors shall participate in voting, and 7 directors actually participate in voting.

Ii. Review of the Board meeting

1. Proposal on the amount of guarantees for wholly-owned and controlling subsidiaries expected in 2021

It agrees that the Company shall provide a comprehensive credit guarantee with a total limit of no more than 80 million yuan for the wholly-owned and majority-owned subsidiaries for the guarantee of working capital loans, bank acceptance, letter of guarantee and other working capital revolving business of each subsidiary. The independent directors of the company expressed their agreed independent opinions on the proposal. The independent directors believed that the anticipated and authorized matters were in line with the Company Law, Notice on Standardizing the Foreign Guarantee Behavior of Listed Companies and other relevant laws, regulations, normative documents and the Articles of Association, and were in line with the business development needs of subsidiaries and conducive to improving the operating efficiency of the company. The guaranteed companies are all within the scope of the consolidated statements of the company, their credit standing is good, the guarantee risk is within the controllable range, and there is no harm to the interests of the company and shareholders, especially minority shareholders. Details of the proposal are set out in the Company's Announcement on the amount of Guarantees expected to be provided for wholly owned and controlling Subsidiaries in 2021.

There were 7 votes in favor of this bill, 0 against it, and 0 abstentions.

2. Proposal on providing financial assistance to the holding Sun company Tongling Tongfeng Precision Technology Co., LTD.;

Agrees that the Company shall provide financial assistance not exceeding RMB 80 million yuan to ---- Tongling Tongfeng Precision Technology Co., LTD., its holding company, without affecting its normal operations, for a period not exceeding 36 months from the date of deliberation and approval by the board of directors of the Company. The independent director of the company expressed an agreed independent opinion on the proposal. The independent director believed that the purpose of the company providing financial assistance to the holding Sun Company was to solve the working capital needed for its production and operation and future business development, to help it improve its current operating situation and to realize the return on investment as soon as possible. The risk of financial assistance provided this time is basically controllable, and there is no harm to the interests of the company and all shareholders, especially the interests of minority shareholders. The detailed content of the proposal see the company "on the holding Sun Company to provide financial assistance Announcement".

There were 7 votes in favor of this bill, 0 against it, and 0 abstentions.

3. The proposal on applying for a comprehensive line of credit from banks

Due to the needs of production and operation, the Company agrees to apply for comprehensive credit of no more than RMB 67,000 yuan from the following banks, including: Tongling Branch of Industrial and Commercial Bank of China no more than RMB 10,000 yuan; Agricultural Bank of China Tongling Branch no more than 10 million yuan; Industrial Bank Co., LTD. Hefei Branch 10 million yuan; Tongling Branch of Bank of Communications Co., LTD. 10 million yuan; Tongling Branch of China Everbright Bank Co., LTD. 10 million yuan; Huishang Bank Co., LTD. Tongling Branch 60 million yuan; Tongling Branch of China Construction Bank applies for comprehensive credit of no more than 50 million yuan only; Tongling Branch of Shanghai Pudong Development Bank no more than 30 million yuan; Tongling Branch of Bank of China Limited 30 million yuan. The term of the above comprehensive credit is one year, subject to the actual credit granted by each bank.

There were 7 votes in favor of this bill, 0 against it, and 0 abstentions.

4. Proposals on the organization adjustment of branch companies

According to the needs of business development, the company plans to adjust the branch organization, specifically: set up parts branch; Cancellation of waste products for recycling branch companies; Change the name of locomotive power capacitor factory to power electronic capacitor branch.

There were 7 votes in favor of this bill, 0 against it, and 0 abstentions.

This is to announce.