Shenzhen China Bicycle Company (Holdings) Limited

Summary of Semi-Annual Report 2022

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.All directors are attended the Board Meeting for report deliberation.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

The abbreviation of the stock before

N/A

changed (if applicable)

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

12. 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

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

of previous year (+-)

Operating revenue (RMB) 106665446.58 54130317.60 97.05%

Net profit attributable to shareholders of

-1483364.421365493.34-208.63%

the listed company (RMB)

Net profit attributable to shareholders of

the listed company after deducting -2275914.14 -416594.29 -446.31%

non-recurring gains and losses (RMB)

Net cash flow arising from operating

-9279476.52-2447126.82-279.20%

activities (RMB)

Basic earnings per share (RMB/Share) -0.0027 0.0025 -208.00%

Diluted earnings per share (RMB/Share) -0.0027 0.0025 -208.00%

Weighted average ROE -18.14% 11.78% -29.92%

Increase/decrease in current

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

period-end(+-)

Total assets (RMB) 101482852.73 97363437.22 4.23%

Net assets attributable to shareholder of

7435173.748918538.16-16.63%

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 52427 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%159078500--

(Hong Kong) person

2Co. Ltd.

Guosen

Securities

Foreign legal

(Hong Kong) 2.52% 13909425 0 - -

person

brokerage Co.Ltd

Shenwan

Hongyuan

Foreign legal

Securities 1.50% 8281156 0 - -

person

(Hong Kong)

Co. Ltd.Lhasa Xingqing

Domestic

Network

non-state-owne 0.83% 4600255 0 - -

Technology Co.d legal person

Ltd.Domestic

Li Huili 0.71% 3891124 0 - -

nature person

Domestic

Xu Hongbo 0.70% 3886485 0 - -

nature person

Domestic

Ge Zhiqiong 0.55% 3022952 0 - -

nature person

CMS Hong State-owned

0.53%29341350--

Kong Co. Ltd legal person

Shenzhen China

Bicycle

Company

(Holdings)

Limited Domestic

non-state-owne 0.47% 2602402 0 - -

-Special account

d legal person

for property

disposal of

bankrupt

enterprise

Li Huili spouse of the Ji Hanfei the actual controller of the 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.

35. Total preferred stock shareholders of the Company and shares held by top ten shareholders with

preferred stock held

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 for non-public offering of shares

On December 30 2020 the company held the third extraordinary general meeting of shareholders in 2020

reviewed and approved the new plan for non-public issuance of A shares and planned to raise funds from

Wansheng Industry Company through non-public issuance of shares of total amount not exceeding 293.6 million

yuan which would be used to replenish working capital after deducting the issuance expenses and this issuance

will lead to changes in the company’s control. On October 25 2021 the company’s application for the non-public

issuance of A shares was reviewed and approved by the Issuance Examination Commission of the China

Securities Regulatory Commission (hereinafter referred to as the CSRC). On November 11 2021 the company

received the Approval for the Non-public Issuance of Shares by Shenzhen China Bicycle (Group) Co. Ltd.(ZJXK [2021] No. 3552) issued by the CSRC and the validity period of the approval is 12 months from the date

of approval for the issuance. Relevant work is currently in progress.

2. Lawsuits of the Company

On February 23 2022 the company received the Subpoena (2022) Yue 0303 Min Chu No. 3787 Complaint

Notice of Response Civil Ruling Paper (2020) Yue 0303 Zhi Bao No. 498 and other legal documents from

Shenzhen Luohu District People’s Court which has accepted the lawsuit brought by the plaintiff Shenzhen JianzhiIndustrial Development Co. Ltd. against the company on the grounds of “joint venture and cooperativedevelopment of real estate contract disputes” the amount involved was 30.859 million yuan. Meanwhile the

Company filed a counter suit against Shenzhen Jianzhi Industrial Development Co. ltd appealing payment of 6

million yuan in project returns. The above case was held at the Luohu Court of Shenzhen on the morning of May

11 2022 and the counterclaim was held at the same time as the present claim and no judgement was pronounced

in court. On August 19 2022 the Company received the Civil Ruling Paper (2022) Yue0303 Min Chu No.3787

from Shenzhen Luohu District People’s Court found more in the “Progress of the Lawsuits” (Notice No.:

2022-019) released on Juchao Website dated August 23 2022. According to the first trial verdict by Shenzhen

Luohu District People’s Court the case will not have a material adverse impact on the profit for the current period

or post-period profit. As of the date of this announcement the lawsuit is still in the validity period for appeal the

Company will fulfill information disclosure obligations in a timely manner according to the progress of the

lawsuits. Majority of the investors are caution on the investment risks.Board of Directors of

Shenzhen China Bicycle Company (Holdings) Limited

24 August 2022

4