Security Code: 603950 Security Abbreviation: Changyuan Donggu Announcement No.: 2020-019

Xiangyang Changyuan Donggu Industrial Co., Ltd.

Announcement of Resolutions Adopted at the Thirteenth Meeting of the Third Supervisory Board

I. Details of the Supervisory Board Meeting

(1) The convening of the 13th Meeting of the Third Supervisory Board of Xiangyang Changyuan Donggu Industrial Co., Ltd. (hereinafter referred to as the “Company”) (hereinafter referred to as the “Current Meeting”) complies with the provisions of applicable 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 October 19, 2020.

(3) The Company convened this meeting on October 30, 2020, in Meeting Room No. 1, by way of on-site voting.

(4) Three supervisors were scheduled to attend this Supervisory Board meeting, and all three attended.

(5) This meeting was chaired by Wang Guoliang, Chairman of the Supervisory Board. The Company’s Board Secretary and Securities Affairs Representative attended the meeting in attendance.

II. Review of the Supervisory Board Meeting

Upon review by the supervisors present at the meeting, the following proposals were approved. ：

Proposal 1: Consideration of the “Proposal Regarding the Company’s Third Quarter Report for 2020”

The Supervisory Board has reviewed the Company’s report for the third quarter of 2020 and hereby issues the following audit opinion:

(1) The preparation and review procedures for the Company’s third-quarter report for 2020 comply with all applicable laws, regulations, the Articles of Association, and the Company’s internal management systems;

(2) The content and format of the Company’s third-quarter report for 2020 comply with all relevant regulations of the China Securities Regulatory Commission and the Shanghai Stock Exchange, and the information contained therein fairly reflects the financial position, operating results, and cash flows for the reporting period;

(3) The information disclosed in the Company’s Third Quarter Report for 2020 is true, accurate, and complete, with no false records, misleading statements, or material omissions, and the Company assumes individual and joint liability for the truthfulness, accuracy, and completeness of its contents.

For details, please refer to the “Report of Xiangyang Changyuan Donggu Industrial Co., Ltd. for the Third Quarter of 2020,” disclosed by the company on the same day on the website of the Shanghai Stock Exchange (www.sse.com.cn).

Voting result: 3 votes in favor, 0 against, and 0 abstentions; the motion was adopted.

Proposal 2: Consideration of the “Proposal on the Securities Investment Management System”

Voting result: 3 votes in favor, 0 against, and 0 abstentions; the motion was adopted.

Proposal 3: Consideration of the “Proposal on the Management of the Company’s Securities Investments”

The Supervisory Board has reviewed the report on the Company’s management of securities investments and hereby issues the following audit opinion:

The Company’s management of securities investments, in line with its operational conditions and development strategy, helps improve asset utilization efficiency. The initial investment limit shall not exceed 10% of the most recent audited net assets, and the investment scale is moderate, ensuring no adverse impact on the normal operation of the Company’s business. The decision-making process for this matter is lawful and compliant, in accordance with applicable laws, regulations, and normative documents, and there are no circumstances that would harm the interests of the Company or all shareholders, particularly small and medium-sized shareholders. We approve the Company’s current securities investment management activities.

Voting result: 3 votes in favor, 0 against, and 0 abstentions; the motion was adopted.

This is hereby announced.

Xiangyang Changyuan Donggu Industrial Co., Ltd.

Supervisory Board

2020 October 30th