Securities code: 600237 Securities for short: Tongfeng Electronic Announcement Number: Lin 2021-029

Anhui Tongfeng Electronics Co., LTD
Announcement of the resolution of the Seventh 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 issued to all directors of the Company in writing and by fax on October 15, 2021.
3. This Board meeting will be held on October 25, 2021 by 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. Deliberating and passing motions on scrapping and disposing of some assets.
According to the Accounting Standards for Business Enterprises and relevant provisions of the company's current accounting policies, it has been decided to scrap some of the equipment of the company and its holding subsidiaries that have exceeded their service life or are outdated in technology and cannot be used normally. The original book value of these assets is RMB 25.315,900 yuan, and the book value is RMB 2.718,300 yuan.
One independent director Zhuo Concurs with the proposal and comments as follows:
The disposal of part of the company's assets is in line with the Accounting Standards for Business Enterprises and the relevant provisions of the company's relevant systems, which is conducive to a more true, objective and fair reflection of the company's assets. The decision-making procedure of the board of directors on this matter is legal and does not harm the interests of the company and shareholders, especially minority shareholders.
There were 7 votes in favor of this bill, 0 against it, and 0 abstentions.
2. Review and approve the Company's report for the third quarter of 2021.
There were 7 votes in favor of this bill, 0 against it, and 0 abstentions.
This is to announce.