Securities code: 600237 Securities abbreviation: Tongfeng Electronic Number: Lin 2020-043

Anhui Tongfeng Electronics Co., LTD
A suggestive announcement concerning the disclosure of a report on changes in interests

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.

The bankruptcy administrator of Anhui Tongfeng Electronics Co., LTD. (hereinafter referred to as the "Company or Company"), the former controlling shareholder of Anhui Tongfeng Electronics Group Co., LTD. (hereinafter referred to as "Tongfeng Group"), has entrusted an auction agency to publicly auction all the shares of the company held by Tongfeng Group from October 15 to 16, 2020. On October 16, 2020, Tongling Dajiang Investment Holding Co., LTD. (hereinafter referred to as "Dajiang Investment") bid the highest price for all 94,561,280 shares held by Tongfeng Group, the former controlling shareholder of the company. On October 19, 2020, the Company received from Tongling Intermediate People's Court the (2020) Wan07 No. 2 4th Civil Decision dated October 16, 2020. It is ruled that the ownership of 94,561,280 non-restricted outstanding shares of the Company held by Tongfeng Group and the corresponding other rights belong to the buyer, Dajiang Investment (for the above details, please refer to the relevant announcements of the Company on September 29, October 17 and October 20, 2020 in designated information disclosure media).

In accordance with relevant laws and regulations such as the Securities Law of the People's Republic of China, the Measures for the Administration of the Acquisition of Listed Companies, and the Standards on the Content and Form of Information Disclosure of Companies that Publicly issue Securities No. 15 -- Report on Changes in their Interests, Dajiang Investment and Tongfeng Group, which are obligated to disclose information, respectively issued reports on changes in their interests. For details, please refer to the Detailed Report on Changes in Equity of Anhui Tongfeng Electronics Co., Ltd. and the Brief Report on Changes in Equity of Anhui Tongfeng Electronics Co., LTD., published by the Company on the same day.

After the completion of the subsequent change transfer procedure of the auction, Copper Peak Group will no longer hold shares in the company. Dajiang Investment will hold 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 will be changed to Dajiang Investment, and the actual controller will be changed to the Management Committee of Tongling Economic and Technological Development Zone. The Company will pay close attention to the subsequent progress of the matter and fulfill the obligation of information disclosure in a timely manner in accordance with relevant provisions.

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 (http://www.sse.com.cn). The information released by the company is subject to the information disclosed in the above designated media. Please pay attention to the investment risk.

This is to announce.