Securities code: 600237 Securities abbreviation: Tongfeng Electronic Number: Lin 2020-046

Anhui Tongfeng Electronics Co., LTD
A suggestive announcement concerning the completion of the transfer of shares by auction

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.

On October 16, 2020, Tongling Dajiang Investment Holding Co., LTD. (hereinafter referred to as "Dajiang Investment") won all 94,561,280 shares held by the former controlling shareholder of Anhui Tongfeng Electronics Co., LTD. (hereinafter referred to as "the Company or the Company") at the highest price. On the same day, Tongling Intermediate People's Court issued a Civil Decision, ruling that the ownership of the above auction shares and the corresponding other rights belong to the buyer Dajiang Investment. In response to the above changes in rights and interests, the relevant information disclosure obligator has separately disclosed reports on changes in rights and interests (for details, please refer to relevant announcements issued by the Company on September 29, October 17, October 20 and October 22, 2020 in designated information disclosure media).

Recently, the Company has received the Transfer Registration Confirmation issued by the Shanghai Branch of China Securities Registration and Clearing Co., LTD., which indicates that the transfer registration procedures of the above auctioned shares have been completed. The transfer date is November 3, 2020, and the securities are unlimited tradable shares without any pledge or freeze.

After the completion of the stock transfer, Dajiang Investment holds 94,561,280 shares of the company, accounting for 16.76% of the total share capital of the company. The controlling shareholder of the company is changed to Dajiang Investment, and the actual controller is changed to the Management Committee of Tongling Economic and Technological Development Zone.

This is to announce.