Securities code: 600237 Securities abbreviation: Tongfeng Electronic Number: Lin 2020-055

Anhui Tongfeng Electronics Co., LTD
Announcement on the controlling shareholder to increase the company's shares

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.

Important content Tips:

●On December 7, 2020, Tongling Dajiang Investment Holding Co., LTD., the controlling shareholder of the Company, acquired 17,144,699 additional shares of the Company, accounting for 3.04% of the total share capital of the Company, through the trading system of Shanghai Stock Exchange in block trading.

On December 7, 2020, Anhui Tongfeng Electronics Co., LTD. (hereinafter referred to as the "Company") received a notice from its controlling shareholder, Tongling Dajiang Investment Holding Co., LTD. (hereinafter referred to as "Dajiang Investment"), that based on its confidence in the company's future development prospects and recognition of its growth value, Dajiang Investment transferred 17,144,699 shares held by Tongling Tongxin Advanced Structural Materials Industry Rescue and Development Fund Partnership (Limited Partnership) through the trading system of Shanghai Stock Exchange in a block transaction, accounting for 3.04% of the company's total capital stock. The price and quantity of this bulk transaction are determined after negotiation by both parties. The transaction price per share is 5.17 yuan, and the transaction amount is 88,638,100 yuan in total.

First, this time to increase the holding situation

1. Increasing shareholder: Tongling Dajiang Investment Holding Co., LTD.

2. Number of shares held before the increase: Before the implementation of the increase, Dajiang Investment held 94,561,280 shares of the company, accounting for 16.76% of the total share capital of the company.

3. The status of this increase in holdings:

On December 7, 2020, Dajiang Investment transferred 17,144,699 shares held by Tongling Tongxin Advanced Structural Materials Industry Rescue and Development Fund Partnership (Limited Partnership) through the trading system of Shanghai Stock Exchange, accounting for 3.04% of the total share capital of the company. After this increase, Dajiang Investment holds 111,705,979 shares of the company, accounting for 19.79% of the total share capital of the company.

4. How to increase shares this time: through the trading system of Shanghai Stock Exchange to increase shares by block trading.

5. The source of funds for this increase in shares: its own funds.

6. Follow-up plans for additional holdings: Up to now, Dajiang Investment has no follow-up plans for additional holdings. If relevant rights and interests change in the future, it will timely fulfill relevant approval procedures and information disclosure obligations in strict accordance with relevant laws and regulations.

Ii. Description of other matters

1. This increase in holdings is in accordance with the Securities Law and other laws and regulations, departmental rules and business rules of Shanghai Stock Exchange.

2. Dajiang Investment promises that it will strictly abide by the relevant laws, regulations and normative documents of China Securities Regulatory Commission and Shanghai Stock Exchange during the period of holding the additional shares, and will not reduce the company's shares during the period of implementation of the additional shares and within the legal period.

3. The Company will, in accordance with relevant laws and regulations such as the Rules on Stock Listing of the Shanghai Stock Exchange, Measures for the Administration of Acquisition of Listed Companies and Guidance on the Behavior of Shareholders of Listed Companies of the Shanghai Stock Exchange and their Concerted Actors to Increase their Holdings of the Bank, continue to pay attention to the increase in the holdings of the Bank by relevant shareholders and fulfill the obligation of information disclosure in a timely manner.

This is to announce.