Securities code: 600237 Securities abbreviation: Tongfeng Electronic Number: Lin 2020-045

Announcement of Anhui Tongfeng Electronic Co., Ltd. on lifting freeze of 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.

Anhui Tongfeng Electronics Co., LTD. (hereinafter referred to as the "Company or Company") has recently received the Notice of Equity Judicial Freezing and Judicial Transfer (2020 Sidong No. 1029-02) issued by Shanghai Branch of China Securities Depository and Clearing Co., LTD. (hereinafter referred to as "Zhongdeng Shanghai Branch") and the attachments, Lanzhou Intermediate People's Court of Gansu Province and Tongling Middle School of Anhui Province Notice of Assistance in Execution issued by the People's Court to China Deng Shanghai Branch. The Company is informed that the freeze of the Company's shares held by ---- Anhui Tongfeng Electronics Group Co., LTD. (hereinafter referred to as "Tongfeng Group"), the Company's former controlling shareholder, has been lifted on October 29, 2020, as follows:

On October 16, 2020, Tongfeng Group, the former controlling shareholder of the company, was liquidated due to bankruptcy. Its 94,561,280 shares of the Company have been acquired by Tongling Dajiang Investment Holding Co., LTD. (hereinafter referred to as "Dajiang Investment") through auction (for details, see the relevant announcements of the Company on September 29, October 17, October 20 and October 22, 2020 in designated information disclosure media). It is understood that the lifting of the freeze of shares is the gradual coordination of the bankruptcy administrator of the Copper Peak Group to lift the above auction of shares pledge, freezing procedures.

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.