Zhongde Securities Co., Ltd.
Audit Opinion on the Lifting of Lock-up Restrictions for Specific Object Issuance Shares of Shanxi Yongdong Chemical Co., Ltd.
Zhongde Securities Co., Ltd. (hereinafter referred to as "Zhongde Securities" or "Sponsor") is the sponsor of Shanxi Yongdong Chemical Co., Ltd. (hereinafter referred to as "Yongdong Shares" or "Company") for its specific object issuance of shares. In accordance with the "Administrative Measures for Securities Issuance and Listing Sponsorship Business," "Supervision Rules for Listed Company Fund Raising," "Shenzhen Stock Exchange Stock Listing Rules," "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guidelines No. 1 - Norms for Operations of Main Board Listed Companies," and other relevant regulations, Zhongde Securities has prudently audited the matter of lifting lock-up restrictions and listing for circulation of shares issued by Yongdong Shares to specific objects. The details are as follows:
I. Basic Information on Shares with Lifted Lock-up Restrictions
(I) Issuance and Listing of Shares with Lifted Lock-up Restrictions
With the approval of the China Securities Regulatory Commission's "Approval on the Registration of Shanxi Yongdong Chemical Co., Ltd.'s Specific Object Issuance of Shares" (Certificate of Approval No. [2025] 2310), the Company issued 52,975,326 ordinary shares (A shares) to specific objects at an issuance price of RMB 6.89 per share. After the private placement, the total share capital became 428,676,196 shares.
The shares issued to specific objects were listed on the Shenzhen Stock Exchange on December 25, 2025, with a lock-up period of six months from the date of listing of the newly issued shares. For details, please refer to the "Listing Announcement of Shanxi Yongdong Chemical Co., Ltd.'s 2024 Specific Object Issuance of Shares" published by the Company on the Juchao Information Network (www.cninfo.com.cn) on December 22, 2025.
(II) Changes in the Company's Share Capital from Share Issuance to the Disclosure Date of this Announcement
As of the disclosure date of this announcement, due to the conversion of convertible bonds, the Company's total share capital has increased to 428,679,527 shares.
II. Fulfillment of Commitments by Shareholders Applying for Lifting of Lock-up Restrictions