Simplified Equity Change Report (I)

Simplified Equity Change Report

Company Name

Contemporary Oriental Investment Co., Ltd.

Stock Listing Location

Shenzhen Stock Exchange

Stock Abbreviation

Contemporary Retreat

Stock Code

000673

Information Disclosure Obligor

Southern Capital Management Co., Ltd.

Obligor Address

Room 201, Building A, No. 1 Qianwan 1st Road, Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen (Located at Shenzhen Qianhai Business Secretary Co., Ltd.)

Contact Address

39th Floor, Fund Building, No. 5999 Yitian Road, Futian District, Shenzhen

Nature of Equity Change

Reduction

Report Signing Date

June 15, 2022

Statement of Information Disclosure Obligor

1. This equity change report is prepared in accordance with the "Securities Law of the People's Republic of China," "Measures for the Administration of the Acquisition of Listed Companies," and "Guidelines No. 15 for the Content and Format of Information Disclosure by Publicly Issuing Securities Companies - Equity Change Report" and related laws, regulations, and normative documents.

2. According to the provisions of the above laws and regulations, this report has fully disclosed the changes in equity held by the information disclosure obligor in Contemporary Oriental Investment Co., Ltd. As of the signing date of this report, except for the information disclosed in this report, the information disclosure obligor has not increased or decreased its equity in Contemporary Oriental Investment Co., Ltd. through any other means.

3. The information disclosure obligor has obtained the necessary authorization and approval to sign this report, and its execution does not violate any provisions of the articles of association or internal rules of the information disclosure obligor, nor does it conflict with them.

4. This equity change is based on the information contained in this report. Except for the information disclosure obligor, no other person has been entrusted or authorized to provide information not listed in this report or to make any explanations or statements regarding this report.

5. The information disclosure obligor commits that this report does not contain false records, misleading statements, or significant omissions, and assumes individual and joint legal responsibility for its authenticity, accuracy, and completeness.

Table of Contents

1. Definitions ......................................................................................... 4

2. Introduction of Information Disclosure Obligor ................................ 5

3. Purpose of Equity Change ................................................................ 8

4. Method of Equity Change ................................................................. 9

5. Trading of Listed Shares in the Past 6 Months ........................... 12

6. Other Important Matters ................................................................. 13

7. Documents for Inspection ................................................................ 14

8. Appendix .......................................................................................... 16

Section 1: Definitions

Unless otherwise specified in context, the following terms in this report have the following meanings:

• Information Disclosure Obligor, Southern Capital refers to Southern Capital Management Co., Ltd.

• Asset Management Plan refers to the Contemporary Oriental Targeted Placement Special Asset Management Plan, managed by Southern Capital Management Co., Ltd.

• Contemporary Oriental, Listed Company refers to Contemporary Oriental Investment Co., Ltd.

• This Equity Change refers to the transfer of 93,938,052 shares (11.90% of the total share capital) of Contemporary Oriental held by the information disclosure obligor's managed "Contemporary Oriental Targeted Placement Special Asset Management Plan" to Cui Bo through a private agreement.

• Equity Change Report, This Report refers to the Simplified Equity Change Report of Contemporary Oriental Investment Co., Ltd.

• Shenzhen Stock Exchange refers to the Shenzhen Stock Exchange.

• Securities Registration and Settlement Company refers to China Securities Depository and Clearing Corporation Limited Shenzhen Branch.

• Yuan refers to Renminbi Yuan.