Shenzhen China Bicycle Company (Holdings) Limited

Summary of Semi-Annual Report 2021

I. Important Notice

The summary is abstract from full-text of semi-annual report for more details of operating results financial condition and future

development plan of the Company; investors should found in the full-text of semi-annual report that published on media appointed

by CSRC.Other directors attending the Meeting for semi-annual report deliberation except for the followed

Name of director absent Title for absent director Reasons for absent Attorney

Prompt of non-standard audit opinion

□ Applicable √ Not applicable

Profit distribution pre-plan of common stock or capitalizing of common reserves pre-plan deliberated by the Board in the reporting

period

□ Applicable √ Not applicable

The Company has no plans of cash dividend distributed no bonus shares and has no share converted from capital reserve.Profit distribution pre-plan of preferred stock deliberated and approved by the Board in the reporting period

□ Applicable √ Not applicable

II. Company profile

1. Company Profile

Short form of the stock Zhonghua-A Zhonghua-B Stock code 000017 200017

Stock exchange for listing Shenzhen Stock Exchange

Person/Way to contact Secretary of the Board Rep. of security affairs

Name Sun Longlong Yu Xiaomin Zhong Xiaojin

501 Zhongxin Technology Building No.31 501 Zhongxin Technology Building No.31

Office add. Bagua Rd. Bagualing Futian District Bagua Rd. Bagualing Futian District

Shenzhen Shenzhen

Tel. 0755-2551699828181666 0755-2551699828181666

E-mail dmc@szcbc.com dmc@szcbc.com

2. Main accounting data and financial indexes

Whether it has retroactive adjustment or re-statement on previous accounting data or not

□Yes √ No

Increase/decrease in this

Current period Same period of last year

report y-o-y

Operating revenue (RMB) 54130317.60 42656355.21 26.90%

Net profit attributable to shareholders of

1365493.34 2797643.50 -51.19%

the listed company (RMB)

Net profit attributable to shareholders of

the listed company after deducting -416594.29 2197907.57 -118.95%

non-recurring gains and losses (RMB)

Net cash flow arising from operating

-2447126.82 1350395.94 -281.22%

activities (RMB)

Basic earnings per share (RMB/Share) 0.0025 0.0051 -50.98%

Diluted earnings per share (RMB/Share) 0.0025 0.0051 -50.98%

Weighted average ROE 11.78% 32.84% -21.06%

Increase/decrease in this

End of current period End of last period report-end over that of last

period-end

Total assets (RMB) 94505866.40 91742769.99 3.01%

Net assets attributable to shareholder of

12270724.32 10905230.98 12.52%

listed company (RMB)

3. Number of shares and shares held

In Share

Total preference shareholders

Total common stock

with voting rights recovered at

shareholders in reporting 40691 0

end of reporting period (if

period-end

applicable)

Top ten shareholders

Information of shares

Full name of Nature of Proportion of Shareholding

Amount of restricted shares held pledged tagged or frozen

Shareholders shareholder shares held numbers

State of share Amount

Shenzhen

Guosheng

Domestic

Energy

non-state-owne 11.52% 63508747 0 - -

Investment

d legal person

Development

Co. Ltd.UOB Koy Hian Foreign legal 2.89% 15907850 0 - -

(Hong Kong) person

Co. Ltd.Guosen

Securities

Foreign legal

(Hong Kong) 2.52% 13909425 0 - -

person

brokerage Co.Ltd.Shenwan

Hongyuan

Foreign legal

Securities 1.50% 8283272 0 - -

person

(Hong Kong)

Co. Ltd.Lhasa Xingqing

Domestic

Network

non-state-owne 0.83% 4600255 0 - -

Technology Co.d legal person

Ltd.Domestic

Wu Xiaoping 0.74% 4075500 0 - -

nature person

Domestic

Li Huili 0.71% 3891124 0 - -

nature person

Domestic

Ge Zhiqiong 0.61% 3389252 0 - -

nature person

LI SHERYN Foreign natural

0.60% 3310400 0 - -

ZHAN MING person

Domestic

Xu Hongbo 0.58% 3187519 0 - -

nature person

Li Huili spouse of the Ji Hanfei the actual controller of he Company- Shenzhen Guosheng

Energy Investment Development Co. Ltd. holding B-share of the Company on behalf of

Explanation on associated

Shenzhen Guosheng Energy Investment Development Co. Ltd. beyond that the Company has

relationship among the aforesaid

no idea of whether other circulated shareholders belong to concerted action persons ruled in the

shareholders

Administration Norms for Information Disclosure of Change on Shareholding of Shareholders of

Listed Companies.Shareholders involving margin

N/A

business (if applicable)

4. Changes of controlling shareholders or actual controller

Changes of controlling shareholders in reporting period

□ Applicable √ Not applicable

Changes of controlling shareholders had no change in reporting period.Changes of actual controller in reporting period

□ Applicable √ Not applicable

Changes of actual controller had no change in reporting period.5. Total preferred stock shareholders of the Company and shares held by top ten shareholders with

preferred stock held

□ Applicable √ Not applicable

No preferred stock in reporting period.6. Bonds in existence as of the approval date of the semi-annual report

□ Applicable √ Not applicable

III. Important events

1. Planning the non-public offering of the shares

rd

On 30 December 2020 the Company held the 3 extraordinary shareholders general meeting of 2020 to

deliberated and approved the new plan of non-public issuance of shares. The Company plans to raising 293.6

million yuan in total at most to Wansheng Industrial Company by means of non-public offering of shares the

funds will be used to replenish the working capital after deducting offering expenses and the offering of shares

will result in a changes in controlling rights of the Company. On March 12 2021 the company received the

Acceptance of Administrative License Application of China Securities Regulatory Commission (Acceptance No.210576) issued by China Securities Regulatory Commission (hereinafter referred to as CSRC). CSRC reviewed

the administrative license application materials submitted by the company for the Approval of Non-public

Offering of Listed Companies (A-Share Motherboard SMEs Board and B-Share) and considered that all the

application materials were complete and in line with the legal form and decided to accept the application for

administrative license. From March to May 2021 the company has respectively received the Notice of Feedback

on the Review of Administrative License Project (No. 210576) and the Letter on Making Preparation for the

Meeting of the Issuance Examination Commission for the Non-Public Offering of Shares of Shenzhen China

Bicycle Company (Holdings) Limited. issued by the CSRC. By the end of this report period the company and the

intermediary agencies have completed the reply work on time and submitted it to CSRC in time and the

follow-up work is in progress. The company's non-public offering of shares is still subject to the approval of the

CSRC whether the approval could be obtained and the final approval time is uncertain. The company will timely

perform the information disclosure obligation in strict accordance with the provisions and requirements of

relevant laws and regulations and according to the review progress of the application by the CSRC. Please invest

rationally and pay attention to investment risk.2. Matters concerning the company's application for and recognition as a national high-tech enterprise

Based on all work from 2017 to 2019 the company completed the preparation for applying for the national

high-tech enterprise and formally submitted the application materials in 2020. In January 2021 the company

received the High-tech Enterprise Certificate jointly issued by Shenzhen Science and Technology Innovation

Commission Shenzhen Finance Bureau and Shenzhen Taxation Bureau of the State Administration of Taxation

(Certificate No.: GR202044200651 date of issue: December 11 2020 valid for three years). According to the

Enterprise Income Tax Law of the People's Republic of China and the relevant provisions of the state on

preferential tax policies for high and new technology enterprises the company enjoys relevant preferential tax

policies for high and new technology enterprises for three consecutive years (2020-2022) after being recognized

as a high and new technology enterprise namely the enterprise income tax shall be paid at the tax rate of 15%

(the tax rate shall be reduced from 25% to 15%).Board of Directors of

Shenzhen China Bicycle Company (Holdings) Limited

25 August 2021