Securities Code: 603950 Securities Abbreviation: Changyuan Donggu Announcement No.: 2021-007

Xiangyang Changyuan Donggu Industrial Co., Ltd.

Resolution Announcement of the 15th Meeting of the Third Board of Supervisors

I. The convening of the board of supervisors meeting

(1) The convening of the 15th meeting of the third board of supervisors of Xiangyang Changyuan Donggu Industrial Co., Ltd. (hereinafter referred to as the "Company") (hereinafter referred to as the "Meeting") complies with relevant laws, administrative regulations, departmental rules, normative documents, and the company's articles of association.

(2) The company issued the notice and materials for this meeting by email on March 12, 2021.

(3) The company held this meeting in the company's No. 1 meeting room on March 22, 2021, by means of on-site voting.

(4) 3 supervisors should attend this board of supervisors meeting, and 3 supervisors actually attended the meeting.

(5) This meeting was presided over by Wang Guoliang, chairman of the board of supervisors. The company's board secretary and securities representative attended the meeting.

II. Deliberation of the board of supervisors meeting

After deliberation by the attending supervisors, the following resolutions were passed: ：

Resolution 1: Deliberation on the "Resolution on the Full Text and Summary of the Company's 2020 Annual Report"

For details, please refer to the "Changyuan Donggu 2020 Annual Report" and "Changyuan Donggu 2020 Annual Report Summary" published on the website of the Shanghai Stock Exchange (www.sse.com.cn) on the same day.

Voting results: 【3】votes in favor, 【0】votes against, 【0】abstentions, the resolution was passed.

Resolution 2: Deliberation on the "Resolution on the Company's 2020 Annual Report of the Board of Supervisors"

Voting results: 【3】votes in favor, 【0】votes against, 【0】abstentions, the resolution was passed.

Resolution 3: Deliberation on the "Resolution on the Company's 2020 Annual Financial Settlement Report and 2021 Annual Financial Budget Report"

Voting results: 【3】votes in favor, 【0】votes against, 【0】abstentions, the resolution was passed.

Resolution 4: Deliberation on the "Resolution on the Company's 2020 Profit Distribution Plan"

In view of the fact that in the first half of 2020, the company implemented cash dividends after being reviewed and approved by the board of directors and the shareholders' meeting, combined with the company's future development and capital needs, the profit distribution plan approved by the board of directors is: no distribution of profits in 2020, nor capital reserve fund to increase capital stock.

The independent directors of the company have issued an independent opinion on this resolution, agreeing to the company's 2020 profit distribution plan. The full text of the announcement can be found on the website of the Shanghai Stock Exchange.

Voting results: 【3】votes in favor, 【0】votes against, 【0】abstentions, the resolution was passed.

Resolution 5: Deliberation on the "Resolution on the Company's 2020 Special Report on the Placement and Use of Raised Funds"

For details, please refer to the "Special Report on the Placement and Actual Use of Raised Funds in 2020" (Announcement No.: 2021-009) disclosed by the company on the Shanghai Stock Exchange website (www.sse.com.cn) on the same day.

Voting results: 【11】votes in favor, 【0】votes against, 【0】abstentions, the resolution was passed.

Resolution 6: Deliberation on the "Resolution on the Company's 2020 Internal Control Evaluation Report"

The board of supervisors of the company has made the following comments on the company's "2020 Annual Internal Control Evaluation Report":

The company has established a relatively complete corporate governance structure and formulated relatively complete rules and regulations on corporate governance and internal control. The internal control system has been well implemented in business operations and generally complies with the relevant laws, regulations, and regulatory requirements of the securities regulatory authorities for the internal control system management of listed companies. The "2020 Annual Internal Control Evaluation Report" compiled by the company complies with the requirements of "Information Disclosure Compilation Rules for Publicly Issued Securities No. 21—General Provisions on Annual Internal Control Evaluation Reports". The company's "2020 Annual Internal Control Evaluation Report" truthfully and objectively reflects the construction and operation of its internal control system. The board of supervisors agrees with the company's "2020 Annual Internal Control Evaluation Report".

For details, please refer to the "Report on the Company's 2020 Annual Internal Control Evaluation" disclosed by the company on the Shanghai Stock Exchange website (www.sse.com.cn) on the same day.

Voting results: 【3】votes in favor, 【0】votes against, 【0】abstentions, the resolution was passed.

Resolution 7: Deliberation on the "Resolution on the Engagement of Accounting Firms and Internal Control Audit Institutions for 2021"

The company agrees to continue to engage ZhongShen ZhongHuan Certified Public Accountants LLP as the company's accounting firm and internal control audit institution for 2021. The total audit fee is 770,000 yuan, including 500,000 yuan for annual report audit and 270,000 yuan for internal control audit, which is the same as the audit fee in the previous period.

Voting results: 【3】votes in favor, 【0】votes against, 【0】abstentions, the resolution was passed.

Resolution 8: Deliberation on the "Resolution on Nominating Candidates for the Fourth Board of Supervisors"

Given that the term of office of the third board of supervisors of the company has expired on March 19, 2021, in accordance with the "Company Law", the "Company Articles of Association", and other relevant regulations, the board of supervisors of the company nominates Lv Zhen and Li Shuangqing as candidates for the fourth board of supervisors, with a term of three years from the date of approval by the company's shareholders' meeting. The candidates' resumes are attached.

Voting results: 【3】votes in favor, 【0】votes against, 【0】abstentions, the resolution was passed.

Resolution 9: Deliberation on the "Resolution on the Proposed Signing of a Project Investment Contract with the Shiyan Industrial New District Management Committee"

For details, please refer to the "Announcement on the Company's Proposed Signing of a Project Investment Contract with the Shiyan Industrial New District Management Committee" (Announcement No.: 2021-012) published by Xiangyang Changyuan Donggu Industrial Co., Ltd. on the Shanghai Stock Exchange website (www.sse.com.cn) on the same day.

Voting results: 【3】votes in favor, 【0】votes against, 【0】abstentions, the resolution was passed.

This announcement.

Xiangyang Changyuan Donggu Industrial Co., Ltd.

Board of Supervisors

2021 March 23

Resume of Candidates for the Fourth Board of Supervisors

Lv Zhen Ms., born in 1980, Chinese nationality, no overseas permanent residency, bachelor's degree. From July 2003 to June 2006, she worked as a technician at Dongfeng Motor Co., Ltd.; from July 2006 to February 2011, she worked in the sales department of Wuhan Huahang Glass Co., Ltd.; from February 2011 to October 2017, she worked in the purchasing department of the company; she is currently the head of the audit department of the company; from April 2015 to the present, she has served as a supervisor of the company; she does not hold any company shares and has not been punished by the China Securities Regulatory Commission or other relevant departments.

Li Shuangqing Male, born in 1985, Chinese national, no permanent residency abroad, junior college education. From October 2007 to the present, he has held positions at the company including Production Statistics, Equipment Supervisor, Production Supervisor, and Head of Production Equipment Department. He currently serves as Head of the Production Equipment Department; since March 2018, he has served as a company supervisor. He does not hold company stock and has not been penalized by the China Securities Regulatory Commission or other relevant departments.