Changhong Meiling Co. Ltd. Summary of Annual Report 2022

Stock Code: 000521 200521 Notice No.: 2022-064

Short Form of the Stock: Changhong Meiling Hongmeiling B

CHANGHONG MEILING CO. LTD.Summary of Semi-Annual Report 2022

I. Important Notice

(1) The summary is abstract from full-text of SEMI-annual report for more details of operating results

financial status 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.

(2) The Company did not have directors supervisors and senior executives of the Company could not

guarantee the reality accuracy and completion of the whole contents or have objections.

(3) All the directors attended the board meeting to deliberating the Report by a combination of on-site and

communication.

(4) Prompt of non-standard audit opinion

□ Applicable √ Not applicable

(5) 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 distribution bonus shares and capitalizing of common reserves either.

(6) Profit distribution pre-plan of preferred stock deliberated and approved by the Board in the reporting

period

□ Applicable √ Not applicable

II. Basic information of the company

(1) Company Profile

Changhong Meiling

Short form of the stock Stock code 000521 200521

Hongmeiling B

1Changhong Meiling Co. Ltd. Summary of Annual Report 2022

Stock exchange for listing Shenzhen Stock Exchange

Short form of the Stock before

N/A

changed (if applicable)

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

Name Li Xia Pan Haiyun

No. 2163 Lianhua Road Economic and No. 2163 Lianhua Road Economic and

Office add.Technology Development Zone Hefei Technology Development Zone Hefei

Tel. 0551-62219021 0551-62219021

E-mail lixia@meiling.com haiyun.pan@meiling.com

(2) Main financial data and financial index

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

□Yes √No

Changes in the current reporting

Current period Same period last year period compared with the same

period of the previous year (+-)

Operating income (RMB) 10224503551.19 9602759345.29 6.47%

Net profit attributable to shareholders of

60375199.2537157511.5462.48%

the listed company (RMB)

Net profit attributable to shareholders of

the listed company after deducting non- 4107468.91 -63552415.01 106.46%

recurring gains and losses (RMB)

Net cash flow arising from operating

575053217.35-588496116.82197.72%

activities (RMB)

Basic earnings per share (RMB/Share) 0.0582 0.0356 63.48%

Diluted earnings per share (RMB/Share) 0.0582 0.0356 63.48%

Weighted average ROE 1.24% 0.76% Increase by 0.48 percentage points

Changes at the end of the reporting

End of current period End of last year period compared with the end of the

previous year (+-)

Total assets (RMB) 16517739871.56 15190469756.33 8.74%

Net assets attributable to shareholder of

4845537338.974837334400.210.17%

listed company (RMB)

(3) Amount of shareholders of the Company and particulars about shares holding

Unit: Share

Total preference shareholders

Total shareholders at end of the with voting rights recovered at

662280

Period end of reporting period (if

applicable)

Top 10 shares holding

2Changhong Meiling Co. Ltd. Summary of Annual Report 2022

Information of

Proportion Amount of shares pledged

Nature of

Full name of Shareholders of shares Shares held restricted tagged or frozen

shareholder

held shares held State of

Amount

share

State-owned legal 0

Sichuan Changhong Electric Co. Ltd. 24.12% 248457724 - -

person

Hefei Industry Investment Holding (Group) State-owned legal 0

4.64%47823401--

Co. Ltd. person

Foreign legal 0

CHANGHONG (HK) TRADING LIMITED 2.63% 27077797 - -

person

Foreign nature 0

CAO SHENGCHUN 1.43% 14766086 - -

person

Caitong Fund- Ningbo Bank-Haitong Xingtai Domestic non- 0

(Anhui) Emerging Industry Investment Fund state-owned legal 1.04% 10733452 - -

(Limited Partnership) person

Domestic non- 0

Zhuhai Jin Yi Assets Management Co. Ltd. - Jin

state-owned legal 1.00% 10347600 - -

Yi Phase I Private Equity Investment Fund

person

Domestic nature 0

Xu Aiyun 0.97% 9973700 - -

person

Domestic nature 0

Ma Guobin 0.82% 8465356 - -

person

Foreign legal 0

Philip Securities (H.K.) Co. Ltd. 0.61% 6296913 - -

person

Chen Qin Domestic nature 0

0.43%4462702--

person

Among the above shareholders CHANGHONG (HK) TRADING LIMITED

(hereinafter referred to as Hong Kong Changhong) is the wholly-owned subsidiary

of Sichuan Changhong Electric Co. Ltd.; except the shares of B-stock the

Company directly held by Hong Kong Changhong 6296913 shares of B-stock are

also held through Phillip Securities (Hong Kong) Co. Ltd. the foregoing

shareholders constitute persons of uniform action. There existed no associated

relationship or belong to the concerted actors as specified in the Measures for the

Administration of Information Disclosure of Shareholder Equity Changes of Listed

Explanation on associated relationship among

Companies among Sichuan Changhong Hong Kong Changhong and other top 7

the aforesaid shareholdersshareholders （Excluding Phillip Securities (Hong Kong) Co. Ltd.); “CaitongFund- Ningbo Bank-Haitong Xingtai (Anhui) Emerging Industry Investment Fund(Limited Partnership)” refers to the products of Caitong Fund Management

Company subscribe for privately placement of 2016; The company neither knows

whether there is any association among other shareholders nor knows whether

other shareholders belong to the persons acting in concert that is stipulated in the“Administrative Measures on Information Disclosure of Changes in Shareholdingof Listed Companies”.

3Changhong Meiling Co. Ltd. Summary of Annual Report 2022

As of June 30 2022 among the top 10 common shareholders shareholder Zhuhai

Jin Yi Assets Management Co. Ltd. - Jin Yi Phase I Private Equity Investment

Fund held 9535900 shares of the Company through its customer credit guaranteed

Explanation on shareholders involving margin securities account and 811700 shares through its ordinary securities account

business (if applicable) resulting in a total of 10347600 shares of the Company. The shareholder-Ma

Guobin holds 6221900 shares of the Company through customer credit trading

secured account of Founder Securities Co. Ltd. and 2243456 shares hold through

common securities account thus 8465356 shares of the Company are held in total.

(4) Changes in controlling shareholders or actual controllers

1.Controlling shareholder changes in reporting period

□ Applicable √ Not applicable

No changes of controlling shareholder in reporting period.

2. Changes of actual controller in Period

□ Applicable √ Not applicable

Actual controller stays the same in 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 shareholders in the period

(6) Bonds in existence as of the approval date of the semi-annual report

□Applicable √Not applicable

III. Important matters

1.Since the first repurchase of shares on November 4 2020 the company had cumulatively repurchased 14674166

shares of the company (B shares) in centralized bidding transactions through the special securities account for

repurchase until February 18 2022 representing 1.4048% of the total shares of the Company. The highest traded

price was HK$2.36 per share and lowest traded price was HK$1.87 per share the average price was HK$2.22. the

funds used for repurchase of shares amounted to HK$ 32558454.08 accumulative (transaction fees such as stamp

duty and commission exclusive). During the reporting period the 14674166 domestically listed foreign shares (B

share) repurchased by the Company have been completed the cancellation procedures at Shenzhen Branch of China

Securities Depository and Clearing Co. Ltd. on March 2 2022

Approved by the 16th session of the tenth board of directors of the company and the Annual General Meeting of

4Changhong Meiling Co. Ltd. Summary of Annual Report 2022

2021 it was agreed to reduce the company's registered capital from 1044597881 yuan to 1029923715 yuan and

agreed to revise the Articles of Association involving registered capital share capital structure and other relevant

provisions in accordance with the law. Found more on appointed media Securities Times China Securities Journal

Hong Kong Commercial Daily and Juchao Website (www.cninfo.com.cn) that the Company disclosed in the form

of announcement (Announcement No. 2022-011 No.2022-012 No.2022-020 and No.2022-033) on 4 March 2022

31 March and 29 April 2022.

2. After deliberated and approved by the 18th session of 10th BOD the 21st session of 10th BOD and the 16th

session of 10th BOS on the basis of strategic planning and business development needs of the controlling

subsidiary- Zhongke Meiling Cryogenic Technology Co. Ltd twins the trend of securities market development in

China agreed to proposed a public offering of shares to unspecified qualified investors under the name of Zhongke

Meiling and listing on Beijing Stock Exchange to further improve its governance standards enhance the capital

strength expanding influence within the industry and heighten its overall competitiveness. On June 24 2022 a

“Letter of Acceptance Completion of the Coaching Work of Shenwan Hongyuan Securities Underwriting Sponsor”

issued by Anhui CSRC was received by Zhongke Meiling the acceptance of coaching work in aspect of public

offering of shares to unspecified qualified investors and listing on Beijing Stock Exchange was completed. On June

29 2022 Zhongke Meiling received a “Notification of Acceptance” (GF2022060060) issued from Beijing Stock

Exchange BSE has formally accepted the application for public offering of shares to unspecified qualified investors

and listing on BSE. On August 5 2022 BSE agrees to the application for public offering to unspecified qualified

investors and listing on BSE. However the application for public offering of shares and listing on Beijing Stock

Exchange still has a risk of failing to register with the CSRC and there is a risk of failure to list on the BSE due to

the public offering of shares failed. The aforementioned matters will be submitted to the third extraordinary

shareholders general meeting 2022 for deliberation. Found more on appointed media “Securities Times” “ChinaSecurities Journal” “Hong Kong Commercial Daily” and Juchao Website (www.cninfo.com.cn) that the Company

disclosed in the form of announcement (Announcement No. 2022-036 No.2022-038 No.2022-048 No.2022-050

No.2022-056 No.2022-057 No.2022-058 and No.2022-060) on 18 May 2022 25 June 2022 30 June 2022 August

3 and August 6 2022.

Changhong Meiling Co. Ltd.Chairman: Wu Dinggang

18 August 2022

5