Securities code: 600237 Securities abbreviation: Tongfeng Electronic Number: Lin 2020-056

Anhui Tongfeng Electronics Co., LTD

Announcement of the resolution of the second 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.

I. The holding of Board of Directors meetings

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 sent to all directors of the Company in writing and by fax on December 7, 2020.

3. This Board meeting will be held on December 11, 2020 by means of a 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. To examine and pass motions on investment construction projects item by item.

It is agreed that the company will invest in the construction of new energy capacitor production expansion project, smart things combination micro SMD crystal project, smart grid product supporting coating equipment project, and the above projects will be put into use gradually in batch as planned. The motion details see the company "on investment construction project announcement".

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

2. Deliberating and passing motions on cancelling some wholly-owned subsidiaries item by item;

In order to optimize resource allocation, reduce management levels and improve overall operation efficiency, Tongling Tongfeng Capacitor Co., LTD., a wholly-owned subsidiary, is cancelled and a capacitor branch is set up. Cancel the wholly-owned subsidiaries Tongling Tongfeng Photoelectric Technology Co., LTD., Yongkang Tongfeng Capacitor Co., LTD., Shanghai Yuxi Investment Co., LTD. The motion details see the company "on the cancellation of part of the wholly-owned subsidiary announcement".

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

3. Deliberating and passing the proposal on the public listing transfer of 100% equity of the wholly-owned subsidiary Anhui Hehuijinyuan Technology Co., LTD.

Agreed to the appraised value of 33,074,800 yuan as the listing price, the public transfer of all the shares of the company. The details of the proposal can be found in the company's Announcement on the public Listing transfer of 100% equity of its wholly-owned subsidiary Anhui Hehui Jinyuan Technology Co., LTD.

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

4. Deliberating and passing the motion on using its own idle funds to purchase capital protection financial products;

In order to improve the efficiency of the company's use of funds, without affecting the normal operation, the Company agrees to use no more than 50 million RMB of its own idle funds to purchase break-even financial products of financial institutions. See the company's Announcement on using its own idle funds to buy break-even financial products for details of the proposal.

There were 7 yes votes, 0 no votes, and 0 abstentions.

This is to announce.