Securities code: 600237 Securities abbreviation: Tongfeng Electronic Announcement Number: Lin 2022-017

Announcement of Anhui Tongfeng Electronics Co., LTD. 's 2021 routine Affiliated transaction execution and 2022 routine Affiliated transaction forecast

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

Important content Tips:
● Whether to submit to the General Meeting of Shareholders for consideration: No
● The impact of daily connected transactions on the listed company: The pricing policies and pricing basis of the daily connected transactions comply with the principles of openness, fairness and justice, and will not affect the independence of the company.

I. Basic Information of daily connected transactions
(1) Review procedures for routine execution of affiliated transactions
1. Voting situation of the Board of Directors
On March 20, 2022, the fourth meeting of the ninth Board of Directors of Anhui Tongfeng Electronics Co., LTD. (hereinafter referred to as "the Company or the Company") deliberated and passed the "Motion on the Execution of the Company's 2021 Routine Connected Transaction and the forecast of 2022 routine Connected Transaction", and all the related directors avoided voting.
2. Independent opinions expressed by independent directors
The above related transaction matters have been approved in advance by the independent directors and expressed independent opinions on this matter. The independent directors believe that the company's daily connected transactions in 2021 comply with the principles of fairness, fairness and good faith, which is in line with the overall interests of the company and shareholders. After reviewing the company's forecast of the daily connected transaction in 2022, the independent directors believe that the daily connected transaction is conducive to the smooth operation of the company's production and operation, fair to the company and all shareholders, and does not harm the legitimate rights and interests of all shareholders.
3. Opinions of the Audit Committee
The audit Committee of the Company believes that the company's daily connected transactions occur due to the normal needs of the company's daily production and operation, and the pricing policies and pricing basis of the transactions conform to the principles of openness, fairness and justice.
4. Submit to the General Meeting of shareholders for deliberation
According to relevant regulations of Shanghai Stock Exchange Listing Rules and Anhui Tongfeng Electronic Co., LTD. 's Affiliated Transaction Decision-making System, the total amount of the above related transactions is not expected to exceed 5% of the company's audited net assets in the latest period. After the above related transactions are reviewed and approved by the board of directors, there is no need to submit to the shareholders' meeting for a vote.
(II) Forecast and execution of daily connected transactions in 2021
On April 25, 2021, the fourth meeting of the ninth Board of Directors of the Company reviewed and approved the Motion on the Implementation of the Company's Daily Connected Transactions in 2020 and the forecast of daily Connected Transactions in 2021. It is estimated that the total amount of connected transactions related to the daily operation in 2021 will be about 18.65 million yuan. The actual related transactions of the Company in 2021 were RMB 17.050200, which did not exceed the estimated amount. The details are as follows:

Unit: Ten thousand Yuan

(3) Estimated amount and type of daily connected transactions in 2022
The Company anticipates that in 2022, daily connected transactions refer to the service provision transactions between the Company (including its controlling subsidiaries) and related parties (mainly referring to the actual controller and its subsidiaries, the controlling shareholder and its subsidiaries). It is estimated that the total amount of related transactions related to daily operations in 2022 will be about 2.45 million yuan, as follows:
Unit: Ten thousand Yuan

Ii. Introduction of related parties and related relationships
1. Tongling Zhicheng Investment Services Co., LTD
(1) Name: Tongling Zhicheng Investment Services Co., LTD
(2) Registered capital of the company: 5 million yuan
(3) Address: No. 129, West Section of Cuihu Fifth Road, Tongling Economic and Technological Development Zone, Anhui Province
(4) Enterprise type: limited liability company (wholly state-owned);
(5) Business scope: General business projects: Provide investment entrustment, consultation and agency services, handle the establishment, registration, registration and other related procedures for enterprises entering the area, responsible for entrusted assets management, maintenance, operation, business consulting services, farmers' market management, vehicle leasing. (For projects subject to approval according to law, business activities can only be carried out after approval by relevant departments)
(6) Establishment date: February 28, 2017
The company is a 100% holding enterprise of the Management Committee of Tongling Economic and Technological Development Zone, the actual controller of the Company, and is associated with the Company. It is estimated that in 2022, the company will have connected transactions of RMB 1 million for leasing and RMB 500,000 for renting the other party's apartment.
(2) Association with listed companies

(3) No default occurs in similar connected transactions in the early stage
The execution of similar connected transactions in the early stage was good, and the ability to pay and perform the agreement was normal, without any breach of contract.
Iii. Main contents and pricing policies of affiliated transactions

The Company shall abide by the principles of fairness, justice and reasonableness when conducting related transactions related to daily operation with related parties, and the transaction price shall be based on the price of similar transaction targets in the market in accordance with market rules. According to the transaction content, the Company will sign specific transaction agreements with related parties to specify the transaction price, transaction content and other matters in detail.
Iv. Purpose of Transaction and impact of transaction on listed company
Related transactions related to daily operations between the company and related parties account for a small proportion of similar transactions or total transactions of the company, and have little impact on the current and future financial status and operating results of the company, and do not affect the independence of the company. The above related transactions can meet the normal operation needs of the company and contribute to the smooth operation of the company's production and operation.
V. Signing of related transaction agreements
Related transactions between the company and related parties that are related to daily operations will be arranged in detail by signing individual order contracts with each related party according to the specific purchase and sales business in the operation.
Vi. Prepare documents for reference
1. Resolution of the tenth meeting of the ninth Board of Directors of the Company
2. The independent directors approve in advance the written documents and the independent opinions expressed at the Board meeting
3. Written opinion of the Audit Committee
This is to announce.