深中华B:深圳中华自行车（集团）股份有限公司2023年半年度报告（英文版）

Shenzhen China Bicycle Company (Holdings) Limited

Semi-Annual Report 2023

August 2023

1Section I. Important Notice Contents and Interpretation

Board of Directors Supervisory Committee all directors supervisors and senior

executives of Shenzhen China Bicycle Company (Holdings) Limited (hereinafter

referred to as the Company) hereby confirm that there are no any fictitious

statements misleading statements or important omissions carried in this report

and shall take all responsibilities individual and/or joint for the reality

accuracy and completion of the whole contents.Wang Shenghong Principal of the Company Sun Longlong person in charge of

accounting works and She Hanxing person in charge of accounting organ

(accounting principal) hereby confirm that the Financial Report of 2023 Semi-

Annual Report is authentic accurate and complete.All directors are attended the Board Meeting for report deliberation.The Company plans not to distribute cash dividends not to send bonus shares

and no reserve apitalizing.

2Contents

Section I Important Notice Contents and Interpreta定义书签。

Section II Company Profile and Main Financial Inde定义书签。

Section III Management Discussion and Analysis ..... 10

Section IV Corporate Governance...................定义书签。

Section V Enviornmental and Social Responsibility 定义书签。

Section VI Importan Events .......................定义书签。

Section VII Changes in Shares and Particular About定义书签。

Section VIII Preferred Stock .....................定义书签。

Section IX Corporate Bonds ......................... 45

Section X Financial Report .......................定义书签。

3Documents Available for Reference

1. Accounting statement carrying the signatures and seals of the legal representative person in charge of

accounting and person in charge of accounting organ.

2. Originals documents of the Company and manuscripts of public notices that disclosed in the newspaper

designated by CSRC during the reporting period.

3. English version of the Semi-Annual Report 2023

4Interpretation

Items Refers to Contents

Company the Company the listed Shenzhen China Bicycle Company

Refers to

company CBC Group (Holdings)Limited

Shenzhen Xinsen Jewelry Gold Supply

Xinsen Company Refers to

Chain Co. Ltd

Emmelle Company Refers to Shenzhen Emmelle Industrial Co. Ltd.Shenzhen Zuankinson Jewelry Gold

Zuankinson Company Refers to

Supply Chain Co. Ltd

Wansheng Industrial Holdings

Wansheng Industrial Refers to

(Shenzhen) Co. Ltd

Shenzhen Guosheng Energy Investment

Development Co. Ltd.Shenzhen

Guosheng Energy Refers to

Guosheng Energy Investment

Development Co. Ltd.CSRC Refers to China Securities Regulatory Commission

SSE Refers to Shenzhen Stock Exchange

SGE Refers to Shanghai Gold Exchange

SDE Refers to Shanghai Diamond Exchange

CNY Refers to RMB/CNY

5Section II Company Profile and Main Financial Indexes

I. Company Profile

Short form of the stock Zhonghua A Zhonghua B Stock Code

000017200017

Short form of the Stock

N/A

before changed (if applicable)

Stock Exchange for listing Shenzhen Stock Exchange

Name of the Company (in

深圳中华自行车(集团)股份有限公司

Chinese)

Short form of the Company深中华

(in Chinese if applicable)

Foreign name of the

Company (if applicable) Shenzhen China Bicycle Company (Holdings) Limited

Short form of foreign name of

the Company (if applicable) CBC

Legal representative Wang Shenghong

II. Person/Way to contact

Secretary of the Board Rep. of security affairs

Name Sun Longlong Yu Xiaomin Zhong Xiaojin

8/F Shuibei Jinzuo Building No.89 Beili 8/F Shuibei Jinzuo Building No.89 Beili

Contact Address North Road Cuizhu Street Luohu North Road Cuizhu Street Luohu

District Shenzhen District Shenzhen

Tel. 0755-28181688 0755-28181688

Fax 0755-28181009 0755-28181009

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

III. Other

1. Way of contact

Whether registration address offices address and codes as well as website and email of the Company changed in reporting period or

not

□Applicable □Not applicable

Registration Address No.3008 Buxin Road Luohu District Shenzhen

Codes of the registration address 518019

8/F Shuibei Jinzuo Building No.89 Beili North Road Cuizhu

Office Address

Street Luohu District Shenzhen

Codes of the office address 518020

Website www.szcbc.com

E-mail dmc@szcbc.com

Date of access to to the designated website for interim 2023-05-09

6announcement disclosed (if applicable)

Index of designated website for interim announcement Juchao Website (http://www.cninfo.com.cn) Announcement

disclosed (if applicable) No.: 2023-016

2. Information disclosure and preparation place

Whether information disclosure and preparation place changed in reporting period or not

□Applicable □Not applicable

Website of the stock exchange where the semi-annual report of

Securities Times

the Company disclosed

Name and website of the media where the semi-annual report

Juchao Website:(http://www.cninfo.com.cn)

of the Company disclosed

8/F Shuibei Jinzuo Building No.89 Beili North Road Cuizhu

Preparation place

Street Luohu District Shenzhen

Date of access to to the designated website for interim

2023-05-09

announcement disclosed (if applicable)

Index of designated website for interim announcement Juchao Website (http://www.cninfo.com.cn) Announcement

disclosed (if applicable) No.: 2023-016

3. Other relevant information

Whether other relevant information has changed during the reporting period

□Applicable □Not applicable

IV. Main accounting data and financial indexes

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

□Yes □No

Changes in the current period

Current period Same period of last year over the same period of

previous year (+-)

Operation revenue(RMB) 292999162.50 106665446.58 174.69%

Net profit attributable to

shareholders of the listed 4862298.90 -1483364.42 427.79%

company(RMB)

Net profit attributable to

shareholders of the listed

company after deducting non- 4993367.34 -2275914.14 319.40%

recurring gains and

losses(RMB)

Net cash flow arising from

-35364373.66-9279476.52-281.10%

operating activities(RMB)

Basic EPS(RMB/Share) 0.0071 -0.0027 362.96%

Diluted EPS(RMB/Share) 0.0071 -0.0027 362.96%

Weighted average ROE 1.66% -18.14% 19.80%

Increase/decrease in current

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

period-end(+-)

7Total assets(RMB) 402802547.83 397253487.93 1.40%

Net assets attributable to

shareholder of listed 294991617.41 290129318.51 1.68%

company(RMB)

V. Difference of the accounting data under accounting rules in and out of China

1. Difference of the net profit and net assets disclosed in financial report under both IAS (International

Accounting Standards) and Chinese GAAP (Generally Accepted Accounting Principles)

□Applicable □Not applicable

The Company had no difference of the net profit or net assets disclosed in financial report under either IAS (International

Accounting Standards) or Chinese GAAP (Generally Accepted Accounting Principles) in the period.

2. Difference of the net profit and net assets disclosed in financial report under both foreign accounting

rules and Chinese GAAP (Generally Accepted Accounting Principles)

□Applicable □Not applicable

The Company had no difference of the net profit or net assets disclosed in financial report under either foreign accounting rules or

Chinese GAAP (Generally Accepted Accounting Principles) in the period.VI. Items and amounts of extraordinary profit (gains)/loss

□Applicable □Not applicable

Unit: RMB/CNY

Item Amount Note

Government subsidy reckoned into

current gains/losses (except for those

with normal operation business

concerned and conform to the national

2092.35

policies & regulations and are

continuously enjoyed at a fixed or

quantitative basis according to certain

standards)

Switch-back of provision of impairment

of account receivable which are treated 33620.00

with separate depreciation test

Other non-operation revenue and

expenditure except for the -209671.88

aforementioned items

Less: Impact on income tax -43647.46

Impact on minority shareholders’

756.37

equity (post-tax)

Total -131068.44

Other gains/losses items that conform to the definition of non-recurring gains/losses:

□Applicable □Not applicable

The Company does not have other gains/losses items that conform to the definition of non-recurring gains/losses

Information on the definition of non-recurring profit(gain)/loss that listed in the Q&A Announcement No.1 on Information Disclosure

8for Companies Offering Their Securities to the Public --- Extraordinary (non-recurring) Profit(gain)/loss as the recurring

profit(gain)/loss

□Applicable □Not applicable

The Company does not have any non-recurring profit(gain)/loss listed under the Q&A Announcement No.1 on Information Disclosure

for Companies Offering Their Securities to the Public --- Extraordinary (non-recurring) Profit(gain)/loss defined as recurring

profit(gain)/loss

9Section III Management Discussion and Analysis

I. Main business of the Company during the reporting period

Main business of the Company during the reporting period including jewelry gold business bicycle and new energy lithium battery

materials: (1) The gold jewelry business- the company connected with downstream gold jewelry brands purchased gold and

diamonds according to their product needs and then commissioned gold jewelry processing plants for processing made product

certification for the processed finished products after passing the inspection and delivered them to downstream customers. Through

the integration of upstream supplier resources and downstream customer resources the turnover rate of gold jewelry products in the

upstream and downstream was improved the cost of circulation links was reduced and the overall competitive advantage of the

upstream and downstream was formed. (2) Bicycle and new energy lithium battery materials including manufacturing assembling

purchasing and selling bicycles & electric bicycles purchasing selling and commissioning the lithium battery materials.The Company shall comply with the disclosure requirement of jewelry-related industries in the “Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 3- Industry Disclosure”

(1) Industry development

China is one of the most important jewelry producer and consumer in the world at present. With the growth of national economy and

the accumulation of residents' wealth people gradually increase their consumption of high-end consumer goods after meeting the

basic living needs. Jewelry with the property of preserving value and showing personality has become a hot spot of consumer interest

of Chinese residents. At the same time with the rise of young consumers and emerging middle class the demand for quality personal

consumption is gradually upgrading and the young generation's consumption of jewelry tends to be more routine which can improve

the repurchase rate of jewelry products under various occasions providing greater development space for the jewelry industry.Jewelry can be divided into gold diamond jade colored jewelry and others. Under the background of China ’s cultural tradition of

advocating gold jewelry and the Investment real estate of gold gold products occupies a relatively high proportion in the domestic

jewelry market in 2022 reaching 57.02%. Diamond and jade are also the main categories of jewelry in China accounting for 11.40%

and 20.45%. From the international market the jewelry markets of developed countries such as the United States Japan and Europe

are all dominated by diamond jewelry. Compared with the international market the main categories of China’s jewelry market are

more abundant and the proportion of various jewelry markets is more balanced the categories of products are more rich.

(2) Industry development trend analysis

1. The increased industry concentration has become the mainstream trend

For the past few years consumers’ brand awareness has been increasing. In addition at the end of 2014 the National JewelryStandards Technical Committee revised the mandatory national standard “Regulations on the Purity of Precious Metals in Jewelryand Naming” (GB11887-2012) which deleted the “pure gold” and other titles guided consumers to pay more attention to jewelry

design craftsmanship style and brand value and no longer be attracted by the words “pure gold” in the slogan and pay more

attention to product quality prompting small jewelry enterprises to move closer to large jewelry enterprises. The increasing

concentration of the jewelry industry has become the mainstream trend. In contrast some regional branded or unbranded small

jewelry companies are at a disadvantage in terms of scale capital cost etc. coupled with their own lack of ability in brand operation

management product marketing design and enterprise operation in the case of consumers paying more and more attention to brand

they will have to choose to rely on the development of jewelry brands with larger brand awareness which will further promote the

improvement of the industry concentration and the national jewelry brands will gain an opportunity for vigorous development.

2. The development trend of industrial clustering is more obvious

10The cluster development of the jewelry industry has now become an important direction for China's jewelry industry to improve its

comprehensive competitiveness and promote the extension and upgrade of the characteristic industry chain of the regional jewelry.At present there are more than ten jewelry industry bases in China all of which have distinctive characteristics and outsta nding

advantages. Whether it is pearl cultivation jade carving or jewelry processing they all add charm to the city and also bring vitality to

the prosperity of the jewelry industry. Special jewelry industry bases such as Shenzhen Luohu Guangzhou Panyu mainly focus o n

precious metal jewelry inlay processing diamond cutting and supporting products forming a series of leading enterprises and many

small and medium-sized enterprises. At the same time with the strong support of the local government the supporting system such

as logistics services information services and technical services have been continuously improved.

3. The Third- and fourth-tier cities become important consumer markets for the jewelry industry

In recent years the pace of urbanization in China has gradually accelerated and the urbanization rate has continued to grow.Residents in rural areas are gradually relocating and settling in nearby third- and fourth-tier cities which steadily deliver new vitality

to the third- and fourth-tier cities. In the future the third- and fourth-tier cities will have broad market space and show huge growth

potential. With the sinking trend of the jewelry consumption market the third- and fourth-tier cities will become the main markets for

the growth of jewelry companies in the future.

4. Channel strength will be regarded as the core competitiveness of enterprises for a long time

The internal competition in the jewelry industry is relatively large and the fierce market competition makes the construction and

control of sales channels for jewelry companies crucial. At the same time due to the high value of jewelry consumers are of ten

worried about the quality of the product and the reasonableness of the price when purchasing which often prompts them to purchase

through physical channels. There is a certain scarcity of high-quality physical channels and the number of high-quality shops in a

region’s high-quality business districts is scarce. Such high-quality shops can not only provide higher traffic improve the retail

performance of jewelry but also have the important value of brand promotion. Therefore in the fierce market competition it is very

important for jewelry enterprises to control high-quality physical channels which reflects the core competitiveness of enterprises on

the other side.

5. Brand and design capabilities will become a new driving force for the development of the industry

With the change of consumer demographic structure and the increase of per capital income the middle and upper middle class and

wealthy people have gradually become the main force of consumption and the mainstream consumption concept has also quietly

changed. Compared with traditional consumers emerging consumer groups pay more attention to the design craftsmanship style

and brand value of jewelry products hoping to meet their needs to show their taste and personality. In addition the Nationa l JewelryStandards Technical Committee has removed titles such as “pure gold from the national standards further prompting consumers topay attention to the design craftsmanship style and brand value of jewelry rather than overemphasizing purity.

6. The rapid development of e-commerce market creates omni-channel marketing model

The Internet has provided more convenient and more widely spread way of information sharing guiding the consumers' demands and

choices. In recent years jewelry retail enterprises have further strengthened online layout built new media matrix through various

social communication platforms formed multi-channel customer sources realized rapid spread of online brands and drainage and

sales of offline stores and created a new mode of omni-channel marketing. The development of sharing platforms and e-commerce

platforms has changed the consumption habits of consumers especially the young generation.Online consumers can more conveniently understand product features and share user experience which has become an important

trend of product promotion and future sales. Especially with the rise of live streaming platforms of e -commerce and social contact

the market share of live streaming e-commerce is increasing rapidly.

117. Supply chain management has become an important business method for jewelry enterprises

From the perspective of supply chain in the jewelry industry it mainly involves raw material mining processing and smelting blank

processing jewelry production warehousing distribution and sa les. The jewelry enterprise continue to optimize their supply chain

management in order to shorten the supplying cycle and lower operating costs while guarantee the quality. More and more well-

known domestic jewelry brands have outsourced part or all of the intermediate processing links with low gross profit and large

investment over recent years focusing on premium front-end design brand operation and back-end marketing network construction.Supply chain management has become a major means for jewelry enterprise to improving their operational efficiency.

(3) Competitive advantages of the company to engage in the jewelry and gold business

1. Superior quality of upstream supplier system

As things are at the moment the company has established relatively stable cooperative relationships with major diamond suppliers

and processors at home and abroad and has advantages in raw material procurement cost order production cycle and product quality

control which can continuously reduce supply cost and improve operational efficiency.

2. Diversified downstream market channels and customer resources

The company is actively expanding its gold jewelry customers now. In addition to customers with clear orders it is currently

negotiating business cooperation with a number of domestic jewelry brands. The above customers include three types of customers

of which Class A customers are national well-known brand customers with more than 500 retail stores; Class B customers are small

and medium-sized/regional/segmented brands with 300-500 retail stores; Class C customers are small and medium-sized brands

with 50-100 retail stores.

3. Improve the industrial chain of production and design

The company has a one-stop industrial chain of design production processing testing and wholesale. Brand owners can rely on our

jewelry processing resources to hand over lower value-added links such as manufacturing and distribution to the company so as to

focus on the higher value-added brand operation and sales links. Outsourcing in the production and design process can improve the

homogenization of gold jewelry products.

4. Closed-loop business process and risk control system

The company has formulated strict business internal control processes such as supplier admittance standards customer evaluat ion

system full-process order tracking system and procurement price comparison system and has realized the closed-loop control of

capital flow information flow and logistics and the multi-level risk control through the integrated service platform of supply system

and the integrated solution of capital management.In the bicycle and new-energy lithium battery materials industry as a traditional manufacturing industry the bicycle industry

continues the dilemma of rising labor costs manufacturing costs capital costs and material costs. The new national standard of

safety technical specifications for electric bicycles implemented in April 2019 accelerated the industry reshuffle and formed a new

round of industry shock. The market share showed a trend of concentration to large-scale enterprises leading enterprises and brand

enterprises and the industry order was accelerated and optimized and the market concentration degree was continuously improved.China is the world's largest country in the production and sales of electric bicycles. After years of development electric bicycle s have

gradually become an important means of transportation for consumers' daily short-distance trips. At present there are about 200

million vehicles in the whole society. Under the macro background of economic transformation information technology and carbon

dioxide emission and carbon neutrality policy the consumer market of two-wheeled electric vehicles gradually presents three trends

namely the consumption upgrading and personalized consumption demand the consumer awareness of environmental protection and

the consumer pursuit of convenience and intelligence. Structural body motor power battery and control system as the core

components of electric bicycles Shenzhen China Bicycle has closely followed up and studied their technological development

12application development and commercial value for a long time and determined the list of qualified suppliers for core components

year by year. As one of the core components of electric bicycle lead-acid batteries have been mainly used as the power batteries in

the past ten or twenty years. With the development and popularization of new energy technologies and new energy materials it is

expected that they will be replaced by lithium batteries on a large scale in the future. The implementation of the new national

standards for safety technical specifications of electric bicycle has comprehensively improved the safety performance of electric

bicycles adjusted and improved technical indicators such as speed limit vehicle quality and pedaling ability. The new standards that

are close to the people's livelihood and serve the people's livelihood have increased the application space of lithium battery energy

storage and lithium battery electric bicycles will usher in a new stage of development.The Company shall comply with the disclosure requirement of jewelry-related industries in the “Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 3- Industry Disclosure”

(1) Main business models during the reporting period

1. Sales model

According to the annual order planning and regular procurement requirements of brand retailers the company provided B-end

customers with various forms of supply chain management services such as spot procurement order production and customized

development so as to minimize product inventory and improve the supply chain effectiveness for customers.Spot procurement: Organized the goods through the integration of upstream factories and exhibition halls and suppliers' product

styles and spot resources and provided corresponding product structure according to the customer's brand characteristics and

terminal market needs;

Order production: Customers placed orders to the company according to their own needs and the company purchased raw materials

and subcontracted processing to form finished products and sell them to customers;

Customized development: According to the characteristics of their own brands and future development needs customers entrusted

the company to develop and design the product styles and produce finished products to sell to customers.

2.Procurement model

The upstream raw material suppliers of the company’s gold jewelry supply chain business were mainly diamonds and gold of which

the diamond suppliers were mainly source producers or wholesalers from India or Hong Kong and domestic mature diamond

wholesalers (generally members of the Shanghai Diamond Exchange) ) gold was mainly purchased from the Shanghai Gold

Exchange through the company's membership qualifications at Shanghai Gold Exchange. The company has established professional

procurement department and team to be responsible for the procurement of diamond products and jewellery. The specific

procurement models varied according to customer needs.

3. Production model

By integrating upstream commissioned processing plants the company outsourced the production of products ordered by customers

to professional jewelry manufacturers to give full play to their professional and scale effect. In view of the current situat ion and

characteristics of domestic jewelry processing enterprises the company established a set of effective supplier manage ment

mechanisms and evaluation standards to achieve a benign interaction between the production system of outsourced manufacturers

and the company's business development.

(2) Operation of the physical store during the reporting period

During the reporting period gold and jewelry business of the Company mainly provides supply chain management and services in

13the vertical field of gold and jewelry it connects with the downstream gold jewelry brand and does not have the physical stores.

(3) Operation of the on-line sales in reporting period

The Company does not have on-line sales in the Period

(4) Inventory in the reporting period

As of the reporting period inventory of the jewelry business was 189403517.21 yuan an increase of 302.37 % from the beginning

of the period. Type of the inventories including:

Unit: RMB/CNY

Item Types Amount Proportion

Jewelry 12776912.09 6.75%

Gold jewelry 23946298.82 12.64%

Finished goods

Other 2767843.37 1.46%

Total 39491054.28 20.85%

Gold 126193186.39 66.63%

Platinum -

Raw materials

Diamond 15816421.74 8.35%

Total 142009608.13 74.98%

Packaging -

Goods in process 7902854.80 4.17%

Total 189403517.21 100.00%

II. Core Competitiveness Analysis

The Company commenced jewelry and gold business since August 2019. Through internal development jewelry and gold business

has gradually become the core business of the company. Competitive advantages of the company in jewelry and gold business:

1. High-quality upstream supplier system

At present the company has established stable cooperative relations with major diamond suppliers and processors at home and

abroad and has advantages in raw material purchase cost order production cycle and product quality control which can

continuously reduce the supply cost and operation efficiency.

2. Diversified downstream market channels and customer resources

At present the company is actively developing gold and jewelry customers. In addition to customers placed orders the company is

negotiating business cooperation with many domestic jewelry brands. There are three types of customers type A customers are

national well-known brand customers with more than 500 retail stores; type B customers are small and medium-

sized/regional/segmented brands with 300-500 retail stores; type C customers are small and medium-sized brands with 50-100 retail

stores.

3. Industrial chain improvement of production and design links

The company has an industrial chain process coordinating design production processing inspection and wholesale. Brand owners

can rely on our jewelry processing resource advantages and hand over low value-added links such as manufacturing and distribution

14to the company so as to focus on the brand operation and sales links with higher added value. Outsourcing of production and design

can improve the homogeneity of gold and jewelry products.

4. Closed-loop business process and risk control system

The company has developed strict internal business control processes such as supplier admittance criterion customer evaluation

system whole-process order tracking system and purchase price comparison system. Through integrated service platform of supply

system and integrated solution of fund management the company has realized closed-loop control of capital flow information flow

and logistics and realized multi-level risk control.III. Main business analysis

Overview

See the “I-Main businesses of the Company during the reporting period”

Y-o-y changes of main financial data

Unit: RMB/CNY

Current period Same period last year y-o-y changes (+ -) Reasons

In the fourth quarter of

2022 the Company

completes private

offering of shares to

Operation revenue 292999162.50 106665446.58 174.69%

raise the capital to

expand operations thus

the operation revenue

increased in the Period

Corresponding increase

in costs for the growth

Operation cost 278484152.74 100215639.64 177.88%

of operation revenue in

the Period

Sales expenses 2522214.01 2423889.53 4.06%

Administration

4130652.804855763.49-14.93%

expenses

Interest income growth

Finance expenses -58330.95 -28024.77 -108.14%

in the Period

Profit improve in the

Income tax expenses 1637455.56 19647.32 8234.24%

Period in

R&D investment

R&D investment 336970.90 694172.50 -51.46%

reduced in the Period

Net cash flow arising

Increase in purchases

from operating -35364373.66 -9279476.52 -281.10%

during the Period

activities

Net cash flow arising

from investment -36959.63

activities

Net cash flow arising

from financing -245979.70

activities

Net increase of cash Increase in purchases

-35364373.66-9562415.85-269.83%

and cash equivalent during the Period

Major changes on profit composition or profit resources in reporting period

15□Applicable □Not applicable

No major changes on profit composition or profit resources occurred in reporting period.Constitution of operation revenue

Unit: RMB/CNY

Current period Same period last year

y-o-y changes (+ -

Ratio in operation Ratio in operation

Amount Amount )

revenue revenue

Total operation

292999162.50100%106665446.58100%174.69%

revenue

According to industries

Jewelry and gold 289579544.92 98.83% 93257753.50 87.43% 210.52%

Bicycle lithium

battery material 3419617.58 1.17% 13407693.08 12.57% -74.50%

and others

According to products

Jewelry and gold 289579544.92 98.83% 93257753.50 87.43% 210.52%

Bicycle lithium

battery material 3419617.58 1.17% 13407693.08 12.57% -74.50%

and others

According to region

Domestic 292999162.50 100.00% 106665446.58 100.00% 174.69%

Industries products or regions that account for more than 10% of the operating revenue or operating profit of the Company

□Applicable □Not applicable

Unit: RMB/CNY

Increase/decrea

Gross Increase/decrea Increase/decrea

se of gross

Operation revenue Operation cost profit se of operation se of operation

profit ratio y-o-

ratio revenue y-o-y cost y-o-y

According to industries

Jewelry and

289579544.92276254014.664.60%210.52%212.51%-0.61%

gold

Bicycle lithium

battery material 3419617.58 2230138.08 34.78% -74.50% -81.13% 22.92%

and others

According to products

Jewelry and

289579544.92276254014.664.60%210.52%212.51%-0.61%

gold

Bicycle lithium

battery material 3419617.58 2230138.08 34.78% -74.50% -81.13% 22.92%

and others

According to region

Domestic 292999162.50 278484152.74 4.95% 174.69% 177.88% -1.10%

Under circumstances of adjustment in reporting period for statistic scope of main business data adjusted main business based on

latest one year’s scope of period-end

□Applicable □Not applicable

16IV. Analysis of the non-main business

□Applicable □Not applicable

V. Assets and liability analysis

1. Major changes of assets composition

Unit: RMB/CNY

End of current period End of last year

Ratio changes Notes of major

Ratio in Ratio in total

Amount Amount (+-) changes

total assets assets

Increase in

provision

Monetary fund 19737567.50 4.90% 54699491.18 13.77% -8.87%

during the

Period

Recovery of

Account

149209751.14 37.04% 250069301.93 62.95% -25.91% payment during

receivable

the Period

Increase in

provision

Inventory 190374908.95 47.26% 48206866.81 12.14% 35.12%

during the

Period

Fix assets 2255797.28 0.56% 2304402.38 0.58% -0.02%

Contract

437102.150.11%791762.840.20%-0.09%

liability

2. Main overseas assets

□Applicable □Not applicable

3. Assets and liability measured by fair value

□Applicable □Not applicable

4. Assets rights restricted as at the end of the period

1.At the ending monetary funds 4179071.81 yuan bank saving was judicially frozen due to the litigation.

2. At the end of the current period the total fixed output value included six suites of house properties at Lianxin JiaYuan Luohu

District Shenzhen purchased in 2016 with original value of 2959824.00 Yuan which were affordable housing purchased from the

Housing and Construction Bureau of Luohu District to provide to enterprise talents for living. The contract stipulated that the

purchasing enterprise is not allowed to conduct any form of property rights transaction with any units or individual other than the

government.

17V. Investment analysis

1. Overall situation

□Applicable □Not applicable

Investment at same period last year

Investment in the Period(RMB) Changes

(RMB)

75000000.000.00-

2. The major equity investment obtained in the reporting period

□Applicable □Not applicable

Unit: RMB/CNY

Whet

Gain/

Progr her Discl Discl

Nam loss

ess as invol osure osure

e of Inves Fundi Estim on

Main Share Coun Inves at the ved date index

inves tment Fund ng ated inves

busin holdi ter- tment Type balan in (if (if

tee patter s sourc earni tment

ess ng party term ce litigat appli appli

comp n e ngs in the

sheet ion cable cable

any Perio

date (Y/N ) )

)

Foun

in the

Notic

Indus

e on

trial

Purch

ase of

com

the

merci

Mino

Shen al

rity

zhen chan

Intere

Xinse ges

sts

n Acqu are in

from

Jewel Jewel isitio progr

Contr

ry ry & n of 2555 Own Not Not ess Not Not

100.0 2023- olling

Gold gold mino 0000 ed N/A appli appli and appli appli N

0% 06-07 Subsi

Suppl busin rity .00 funds cable cable the cable cable

diary

y ess intere equit

and

Chai sts y

Relat

n transf

Co. er

Trans

Ltd agree

actio

ment

(Noti

being

fulfill

No.:

2023-

019)

releas

ed on

Jucha

18o

Webs

ite

(ww

w.cni

nfo.c

om.c

2555 Not Not

Total -- -- 0000 -- -- -- -- -- -- appli appli -- -- --.00 cable cable

3. The major non-equity investment doing in the reporting period

□Applicable □Not applicable

4. Financial assets investment

(1) Securities investment

□Applicable □Not applicable

The Company has no securities investment in the Period

(2) Derivative investment

□Applicable □Not applicable

The Company has no derivatives investment in the Period

5. Application of raised proceeds

□Applicable □Not applicable

(1) General application of raised proceeds

□Applicable □Not applicable

Unit: 10000 Yuan

Usage of

Cumulat the

Total Ratio of

ive retained

Total raised cumulati Raised

Total raised raised

accumul capital ve raised Total capitals

Total raised capitals accumul capitals

Raising ative has capitals idle for

Way raised capital has ative and what

year raised purpose has raised more

capitals used purpose is

capitals of uses purpose capitals than two

in Period of uses unused expected

used changed of uses years

changed to

in Period changed

in total invested

with

19those

capitals

Non-

public Deposite

offering d in

of RMB 28882.7 28871.9 special

2022447.63000.00%16.510

ordinary 2 8 account

shares for fund

(A raising

stock)

28882.728871.9

Total -- 447.63 0 0 0.00% 16.51 -- 0

Explanation

1.According to the Official Reply on Approval of Non-Public Offering of Shares of Shenzhen China Bicycle Company(Holdings)

Limited (ZJXK [2021] No.3552) approved by China Securities Regulatory Commission agreed that the Company shall issue

137836986 RMB ordinary shares (A shares) to a specific object Wansheng Industrial through a private offering at 2.13 yuan a

share with total raised funds of 293592780.18 yuan. After deducting the expenses of 4765621.08 yuan (excluding tax) related

to the issuance the actual net funds raised amounted to 288827159.10 yuan. Baker Tilly China Certified Public Accountants

(LLP) has conducted an examination on the fund allocation of the company's non-public offering on October 21 2022 and issued

the Capital Verification Report on the Fund Allocation of Non-Public Offering of A Shares of Shenzhen China Bicycle Company

(Holdings) Limited TZYZ[2022] No.42018. As of June 30 2023 the company had raised funds of 288.7198 million yuan to

supplement the working capital and the unused raised funds deposited in the special fund-raising account was 165100

yuan(including interest income). The use of the raised funds is detailed in the following table - Conditions of Fund-Raising

Projects.

2. During the reporting period the company neither changed the fund-raising investment projects nor changed the location and

method of implementing the fund-raising investment projects.

3. During the reporting period the company deposited used and managed the raised funds in strict accordance with the Three-

party Supervision Agreement on the Deposit of Special Accounts for Raised Funds and performed relevant obligations in

accordance with relevant laws and regulations and timely truly accurately and completely disclosed information related to the

use of raised funds. There is no violation of the Management System for Raised Funds and relevant laws and regulations.

(2) Committed projects of the raised proceed

□Applicable □Not applicable

Unit: 10000 Yuan

Committ

ed Cumulat

Change Investme

investme ive

the nt Date of Major

nt Total investme Achieve

project Investme progress reach a Benefit changes

projects raised- Invested nt d

(Y/N) nt after till end predeter achieved of

and fund in the amount expected

(includin adjustme of mined in the project

over- commit period till end benefits

g nt (1) period- state of Period feasibilit

raised ment of (Y/N)

partially end (3) use y (Y/N)

fund Period-

changed) ＝(2)/(1)

investme end (2)

20Committed investment project

Supplem

Not Not

ental 28882.7 28882.7 28871.9

N 447.63 99.96% applicabl applicabl N

working 2 2 8

e e

capital

Not

28882.728882.728871.9

Subtotal -- 447.63 -- -- applicabl -- --

228

Investment of the over-raised fund

Not

applicabl 0 0 0 0

Not

28882.728882.728871.9

Total -- 447.63 -- -- applicabl -- --

228

Conditio

ns and

reasons

failure to

meet

schedule

predicte

income

(by

specific

projects) Not applicable

(includin

g the

reasons

for

selecting“Notapplicable ” for“Achieved

expected

benefits(Y/N)”)

Descripti

on of

major

changes

Not applicable

project

feasibilit

Amount

use of

purpose

Not applicable

and

usage

progress

21of the

excessiv

e raised

fund

Change

of the

impleme

ntation

location

Not applicable

project

with

investme

nt of

raised

fund

Adjustm

ent of

the

impleme

ntation

ways of

project Not applicable

with

investme

nt of

raised

fund

Early

investme

nt and

replacem

ent with Not applicable

the

raised

fund

Tempora

replacem

ent of

the

working Not applicable

capital

with idle

raised

funds

Amount

and

Not applicable

reasons

22of cash

surplus

in raised

funds

during

impleme

nting the

project

Use

purpose

and

destinati

As of June 30 2023 balance of raise was 165100 yuan all of which are demand deposit. The unused funds are

on of the deposited in the special account for fully supplementing the working capital.raised

funds

un-used

Problem

s or

other

circumst

ances in

the use Not applicable

of raised

funds

and its

disclosur

(3) Change of fund raised projects

□Applicable □Not applicable

The Company had no change of fund raised projects in the Period

VII. Sales of major assets and equity

1. Sales of major assets

□Applicable □Not applicable

The Company had no major assets sold in the Period.

2. Sales of major equity

□Applicable □Not applicable

VIII. Analysis of main holding company and stock-jointly companies

□Applicable □Not applicable

Particular about main subsidiaries and stock-jointly companies net profit over 10%

23Unit: RMB/CNY

Company Main Register Operation Operation

Type Total assets Net assets Net profit

name business capital revenue profit

Shenzhen

Xinsen

Jewelry Jewelry

200000002084769611907403264533146219289.24664800.2

Gold Subsidiary &gold

04.037.896.9748

Supply business

Chain Co.Ltd

Particular about subsidiaries obtained or disposed in report period

□Applicable □Not applicable

Impact on overall production and

Company name Way to obtained or disposed

performance

The industrial & commercial registration

A wholly-owned subsidiary newly

Fujian Huaxinbao Jewelry Co. Ltd. has completed as of the balance sheet

established

date not yet in operation

As of the balance sheet date the

Shenzhen Xinsen Jewelry Gold Supply Purchasing 35% equity from minority industrial & commercial changes are in

Chain Co. Ltd interests progress and the equity transfer

agreement is being fulfilled

Notes of holding and stock-jointly companies

Nil

IX. Structured vehicle controlled by the Company

□Applicable □Not applicable

X. Risks and countermeasures

i.risks for the Company:

(1) Price fluctuation risk of major raw materials

The main raw materials of the company are gold diamonds etc. In recent years affected by changes in the international and

domestic economic situation the listed price of gold at the gold exchange fluctuates greatly. The market price of platinum is

generally positively correlated with the market price of gold. In the long run the market price of diamond is in a moderate rising

trend. The selling price of the company's gold products calculated by gram is linked with the listed price of gold and platinum at the

gold exchange. If the market prices of gold platinum diamonds and other raw materials fall significantly during the inventory

turnover period of the company on the one hand the company has the risk of gross profit margin decline due to the decline in

product selling price; on the other hand the company will also face the risk of decline in operating performance due to the provision

for inventory write down. At the same time the rise in selling price caused by the sharp rise in the market price of raw materials such

as gold and diamonds may lead to the decrease of consumers' willingness and the decline of sales volume thus adversely affecting

the business performance.

(2) The risk of intensifying market competition

In recent years the jewelry market in China has been developing continuously and the consumption demand of jewelry has been

developing in the direction of individuation and diversification. At present China's jewelry industry has presented diversified

competitions. Excellent enterprises in the industry have formed competitive advantages in a certain segment by deeply exploring the

24consumption preferences of specific groups. The market competition has gradually changed from price competition to comprehensive

competition among brand business model marketing channel product design and quality the competition tends to be fierce. In the

future development if the company cannot continue to give full play to its advantages there will be a risk of profitability decline due

to intensified competition in the industry.

(3) Risk of market demand decline

As an optional consumption jewelry is especially sensitive to market demand economic outlook and consumer preference. China

has become one of the countries with the most obvious growth in the jewelry and jade jewelry industry in the world. If the ec onomic

growth rate declines in the future the growth of market consumption demand may slow down accordingly which will adversely

affect the company's business condition.For the above-mentioned potential risks the following countermeasures will be taken by the Company:

1. In the bankruptcy reorganization plan in 2012-2013 the Company has a condition for introducing the restructuring parties: the

appraisal value of net assets not less than 2 billion yuan the net profit not less than 200 million yuan in the year of implementation of

major assets reorganization. The Company will continue to actively cooperate with shareholders and the Board in promoting the

reorganization.

2. Enhancing corporate governance standardize operations further reform and improve the internal operation management system

assessment mechanism strengthen the construction of management teams business teams and technical teams. Perfected the

development plan of the Company.

3. In terms of gold and jewelry business further establish supplier systems and expand customer resources the business cooperation

between the well-known brands and listed company in particular expanding international business improve internal business

processes and internal control system construction promote the construction of a supply chain system platform to improve

operational quality and efficiency and strive to achieve greater growth in operating income.

4.In terms of bicycle business the company negotiated and promoted the business cooperation on EMMELLE with big dealers in

order to maintain the brand and expand the national market as the goal. In terms of electric bicycles the company organized source

control quality coordination transportation and improvement of after-sales service order by order in Shandong Henan Hebei

Jiangsu and other key and mature regions to ensure the stability and improvement of order and business. For other regions the

company strengthened communication and cooperation with ODM factories utilized their existing sales network for distribution and

cooperation and promoted the growth of order and business.

5.The company has been tracking the new energy and lithium electric new materials fields for many years. Benefiting from policy

promotion technological progress and popularization of supporting facilities and under the guidance of the goal of carbon peaking

and carbon neutrality the global new energy industry has developed rapidly and the market has a sustainable growth. In 2023 the

company will further explore and make overall arrangements in the fields of new energy and new materials to seek new

breakthroughs.

6. The company continued to complete the rights and interests maintenance of the Guangshui Jiaxu lawsuit and the lawsuit

concerning the termination of the cooperation contract of the Urban Renewal and Reconstruction Project for the Second Phase of

Zhonghua Garden and continued to cooperate with the manager to carry out assets escrow business and deal with relevant litigation

so as to ensure the safety of assets and safeguard the rights and interests of relevant parties.

7. Strengthen the background management and office automation and improve the support degree of background departments to

front desk business.

25Section IV Corporate Governance

I. In the report period the Company held annual shareholders’ general meeting and

extraordinary shareholders’ general meeting

1. Annual Shareholders’ General Meeting in the report period

Ratio of investor

Session of meeting Type Date Date of disclosure Resolutions

participation

Found more in the

Resolution of First

Extraordinary

Shareholders’

First Extraordinary

Extraordinary General Meeting

Shareholders’

Shareholders’ 29.26% 2023-03-06 2023-03-07 2023(Notice No.:

General Meeting

General Meeting 2023-006)

2023

released on Juchao

Website

(www.cninfo.com.cn)

Found more in the

Resolution of

Annual General

Meeting of 2022

Annual General

AGM 29.34% 2023-06-28 2023-06-29 (Notice No.: 2023-

Meeting of 2022

021) released on

Juchao Website

(www.cninfo.com.cn)

2. Request for extraordinary general meeting by preferred stockholders whose voting rights restore

□Applicable □Not applicable

II. Changes of directors supervisors and senior executives

□Applicable □Not applicable

There were no changes in the directors supervisors and senior executive of the Company during the Period found more in the

Annual Report 2022

III. Profit distribution plan and capitalizing of common reserves plan for the Period

□Applicable □Not applicable

The Company has no plans of cash dividend distributed no bonus shares and has no share converted from capital reserve either for

the semi-annual.

26IV. Implementation of the company’s stock incentive plan employee stock ownership plan or

other employee incentives

□Applicable □Not applicable

The Company had no implementation of the company’s stock incentive plan employee stock ownership plan or other employee

incentives in the reporting period.

27Section V Environmental and Social Responsibility

I. Major environmental

The listed Company and its subsidiary whether belongs to the key sewage units released from environmental protection department

□Yes □No

Administrative punishment for environmental problems during the reporting period

Impact on the

The company’s

Company name or Reason for production and

Violation Punishment result rectification

subsidiary name punishment operation of listed

measures

company

Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable

Other environmental information disclosed refer to key polluters

Not applicable

Measures taken to reducing the carbon emissions during the reporting period and their effectiveness

□Applicable □Not applicable

Reasons for not disclosing other environmental information

Not applicable

II. Social responsibility

During the reporting period the company conscientiously fulfilled its corporate social responsibility paid attention to pro tecting the

interests of shareholders especially minority shareholders; Treated suppliers customers and consumers with integrity; Earnestly

fulfilled the responsibilities and obligations to the society shareholders employees and other stakeholders created a harmonious

environment for enterprise development and realized the common development of the enterprise and stakeholders.

1. Protection of shareholders' rights and interests

The company strictly complies with the provisions of relevant laws and regulations such as the Company Law the Securities La w

and the Governance Code for Listed Companies continuously improves the corporate governance structure adheres to handing over

the important matters to the resolutions of the shareholders' meeting provides convenience for medium and small investors to

participate in the shareholders' meeting fully listens to the small and medium-sized investors’ reasonable advice on the company's

development and governance and safeguards the legitimate rights and interests of shareholders.In the first half of 2023 the board of directors of the company convened 2 shareholders' meetings the meeting adopted the

combination of on-site voting and online voting the votes of small and medium investors were counted separately provided

convenience for the majority of investors to participate in the voting at the shareholders' meeting and ensured the participation right

and supervision right of the small and medium-sized investors.In the first half of 2023 the company strengthened communication with investors especially investors from the public answered

28questions about which the public and investors concerned and ensured the investors' right to know in line with the Information

Disclosure Affairs Management System and Reception and Promotion Work System and by means of various forms such as the

interactive platform of Shenzhen Stock Exchange hotline of the company’s securities affairs department and so on.On 17 May 2023 the company held the 2022 annual performance briefing in which the company made online communication with

investors on the company's performance operating conditions and other issues of concern to investors. A total of 4 questions were

raised by investors during the briefing which were answered by directors and senior management personnel.The company is committed to protecting the rights and interests of investors by improving the corporate governance structure

improving the level of information disclosure and investor relationship management and carrying out investor education and

guiding investors to form value investment concept through real and effective communication. In order to effectively ensure smooth

service channels for investors the company has arranged full-time personnel to answer investors' hotline calls and answer questions

on the interactive platform and relevant staff has patiently analyzed the announcement information for investors to help investors

understand the company's situation in time.

2. Protection of workers' rights and interests

The company adheres to the people-oriented comprehensively implements the Labor Law and Labor Contract Law attaches great

importance to guarantee of the employees' rights and interests at the same time establishes good communication channels

throughout the whole process of staff management and care pays attention to staff growth improves the staff overall quality

cultivates excellent internal training culture system creates a good learning environment. Meanwhile the company pays attention to

enriching the spiritual life of employees regularly carries out staff activities and improves team cohesion. In accordance with the

Labor Contract Law of the People's Republic of China and other relevant national and local labor laws and regulations the company

signs labor contracts with employees to protect their rights and interests. The company and its subsidiaries strictly implement the

national employment system labor protection system social security system and medical security system and pay the housing

provident fund medical insurance endowment insurance unemployment insurance work-related injury insurance and maternity

insurance for employees according to the state regulations. The company adheres to corporate culture of efficient coordination

people-oriented on-demand training training by level and echelon training. The company establishes internal knowledge sharing

system promotes information and knowledge exchange among various modules of the company and improves team coordination

ability. It encourages employees to participate in continuing education and enhances the knowledge structure optimization and

professional quality promotion of workers at various positions.

3. Protection of rights and interests of suppliers customers and consumers

The company actively organizes and carries out customer management takes measures to ensure the rights and interests of customers

and actively promotes customer satisfaction and service excellence. It makes full use of the rich social resources in the market and

establishes a good partnership with suppliers. The company promises not to abuse or misuse consumer information for the prote ction

of rights and interests of consumers.

29Section VI Important Events

I. Commitments completed in Period and those without completed till end of the Period from

actual controller shareholders related parties purchaser and companies

□Applicable □Not applicable

There is no commitments that completed in Period and those without completed till end of the Period from actual controller

shareholders related parties purchaser and companies

II. Non-operational fund occupation from controlling shareholders and its related party

□Applicable □Not applicable

No non-operational fund occupation from controlling shareholders and its related party in period.III. External guarantee out of the regulations

□Applicable □Not applicable

No external guarantee out of the regulations occurred in the period.IV. Appointment and non-reappointment (dismissal) of CPA

Whether the financial report has been audited or not

□Yes □No

The financial report has not been audited

V. Explanation from Board of Directors and Supervisory Committee for “Qualified Opinion”

that issued by CPA

□Applicable □Not applicable

VI. Explanation from the BOD for “Qualified Opinion” of last year

□Applicable □Not applicable

VII. Bankruptcy reorganization

□Applicable □Not applicable

No bankruptcy reorganization for the Company in reporting period

VIII. Lawsuits

Significant lawsuits and arbitration

30□Applicable □Not applicable

Amount Resulted an

Lawsuits involved (in accrual Trial result Execution of Disclosure Disclosure

Progress

(arbitration) 10 thousand liability and influence judgment date index

Yuan) (Y/N)

Contract

dispute over

the urban

renewal Found more

In the firstproject of in “Notice oninstanceZhonghua The second Lawsuits”

defendant The first trial

Garden trial has Notice No.:

Yes the returned 10 will not have

Phase II- begun 2022002 and

accrual million yuan a materialPlaintiff(She without “Progress ofliabilities of deposit and adversernzhen Jianzhi adjudication Lawsuits”

3085.9 880000 yuan interest to the effect on 2022-08-23

Industrial resulted yet Notice No.:

resulted from plaintiff; the current profit

Development till the date 2022019

relevant second trial or future

Co. Ltd); when the released on

interests has begun profits of the

Defendant notice Juchao

without Company

(Shenzhen released Website

adjudication

China (www.cninfo.resulted yet

Bicycle com.cn)

Company

(Holdings)

Limited)

Counter-

claim in the

contract

dispute on

urban

renewal

project of The first The second Found more

The first trialZhonghua judgment trial has in “Progresswill not haveGarden dismisses the begun of Lawsuits”

a material

Phase II- plaintiff’s without Notice No.:

adverser

Plaintiff(She claim; the adjudication 2022019

600 N effect on 2022-08-23

nzhen China second trial resulted yet released on

current profit

Bicycle has begun till the date Juchao

or future

Company without when the Website

profits of the

(Holdings) adjudication notice (www.cninfo.Company

Limited); resulted yet released com.cn)

Defendant

(Shenzhen

Jianzhi

Industrial

Development

Co. Ltd)

Sale & The 80% bad

Found more

purchase debtin “Progresscontract provision hasof Lawsuits”

dispute- accrual for

The first trial Notice No.:

Plaintiff year of 2021-

ruled in favor 2023007

(Shenzhen 1834.81 N 2022. The Executing 2023-04-21

of the released on

China first trial will

Company Juchao

Bicycle not have a

Website

Company material

(www.cninfo.(Holdings) adverser

com.cn)

Limited); effect on

31Defendant(G current profit

uangshuiJiax or future

u Energy profits of the

Technology Company

Co. Ltd.)

The 80% bad

Sale & debt

purchase provision has

Found more

contract accrual forin “Progressdispute- year of 2021-Plaintiff of Lawsuits” 2022. The

(Shenzhen The first trial Notice No.:

first trial will

Emmelle ruled in favor 2023007

661.91 N not have a Executing 2023-04-21

Industrial of the released on

Co. Ltd); material Company Juchao

Defendant(G adverser

Website

uangshuiJiax effect on

u Energy (www.cninfo.current profit

Technology com.cn)

or future

Co. Ltd.)

profits of the

Company

Other lawsuits

□Applicable □Not applicable

IX. Penalty and rectification

□Applicable □Not applicable

X. Integrity of the company and its controlling shareholders and actual controllers

□Applicable □Not applicable

XI. Major related transaction

1. Related transaction with routine operation concerned

□Applicable □Not applicable

Relate Whet

Tradi

d her Cleari

Propo ng

Type Conte transa over ng Availa

Relate rtion limit

of nt of Pricin ction the form ble Date Index

Relate Relati d in appro

relate relate g amou appro for simila of of

d onshi transa simila ved

d d princi nt (in ved relate r disclo disclo

party p ction r (in 10

transa transa ple 10 limite d marke sure sure

price transa thousa

ction ction thousa d or transa t price

ctions nd

nd not ction

Yuan)

Yuan) (Y/N)

The Relate Pricin Found

Fuzho enterp d Sale g more

u rises transa of based in the

Marke SettleZuank contro ction goods on Not “Recot 4977. 16.99 ment 2023-

inson lled with to marke 5000 N applic gnitio

pricin 3 % in 4-25

Jewelr by the routin relate t price able n of

g cash

y Co. contro e d accor the

Ltd. lling operat party ding Daily

subsid ion to the Relate

32iary conce princi d

of the rned ple of Trans

Comp fairne action

any ss and s for

with impart year

35% iality of

stock 2022

partici and

pated Expec

ted

Daily

Relate

Trans

action

s for

2023”

Jucha

Websi

(www.cninf

o.com.cn)

Found

in the“Recognitio

The n of

enterp the

rises Daily

contro Pricin Relate

lled g d

by the Relate based Trans

affilia d on action

Fuzho tes of transa Sale marke s for

u the ction of t price year

Marke Settle

Rongr contro with goods accor Not of

t 5389. 18.40 ment 2023-

un lling routin to ding 7000 N applic 2022

pricin 93 % in 4-25

Jewelr subsid e relate to the able and

g cash

y Co. iary operat d princi Expec

Ltd. of the ion party ple of ted

Comp conce fairne Daily

any rned ss and Relate

with impart d

35% iality Trans

stock action

partici s forpated 2023”

Jucha

Websi

33(www.cninf

o.com.cn)

10361200

Total -- -- -- -- -- -- -- --

7.230

Detail of sales return with major

Not applicable

amount involved

Report the actual implementation

of the daily related transactions

which were projected about their Not applicable

total amount by types during the

reporting period (if applicable)

Reasons for major differences

between trading price and market Not applicable

reference price (if applicable)

2. Related transactions by assets acquisition and sold

□Applicable □Not applicable

Apprais

Carryin

value of

g value

assets Transfe Gain/lo

of Index

transfer rred Settlem ss on Date of

行情