Securities code: 600237 Securities abbreviation: Tongfeng Electronic Number: Lin 2020-039

Indicative announcement of Anhui Tongfeng Electronics Co., Ltd. regarding the auction of all shares of the Company's controlling shareholders

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 September 28, 2020, Anhui Tongfeng Electronics Co., LTD. (hereinafter referred to as the "Company") received a notice from the bankruptcy administrator of Anhui Tongfeng Electronics Group Co., LTD. (hereinafter referred to as "Tongfeng Group"), the controlling shareholder of the Company, that the bankruptcy administrator of Tongfeng Group has entrusted Anhui Jinqiao Auction Co., LTD., From 10 o 'clock on October 15, 2020 to 10 o 'clock on October 16, 2020, the auction of 9,461,280 non-saleable shares of the company held by Anhui Tongfeng Electronics Group Co., Ltd. will be carried out. The relevant information is hereby announced as follows:

I. Main Contents of the Notice:

The contents of the relevant notification documents are as follows: The bankruptcy administrator of Tongfeng Group has appointed Anhui Jinqiao Auction Co., LTD., Will be available on the online auction platform of China Association of Auctioneers (http://www.caa123.org.cn) from 10:00 on October 15, 2020 to 10:00 on October 16, 2020 (except for delay) ) carried out the auction of 94,561,280 non-restricted tradable shares of Anhui Tongfeng Electronics Co., LTD. (hereinafter referred to as "Tongfeng Electronics", stock code 600237) held by Anhui Tongfeng Electronics Group Co., LTD. The starting bidding price of online auction shall be the closing price of each share multiplied by the total number of shares on the trading day before the auction date (October 14, 2020), with a deposit of 20 million yuan and an increase of 100,000 yuan. Please refer to the online auction Announcement and Instructions for details.

Ii. Impact on the Company and risk tips

1. The above auction items are still in the publicity stage, and the following may involve bidding, payment, legal procedures implemented by the court, equity change transfer and other links. The above auction items may lead to changes in the controlling shareholders and actual controllers of the Company.

2. This auction will be conducted by public auction on the "Online auction platform of China Association of Auctioneers" (http://www.caa123.org.cn). It is uncertain whether any bidder will successfully bid.

3. The Company will continue to pay attention to the subsequent progress of the auction and fulfill the obligation of information disclosure in a timely manner in accordance with relevant laws and regulations.

4. The Company's designated media for information disclosure are China Securities Journal, Shanghai Securities Journal, Securities Daily, Securities Times and the website of Shanghai Stock Exchange (www.sse.com.cn). The information released by the company is subject to the information disclosed in the above designated media.

This is to announce.