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Beijing Bohui Technology Co., Ltd. announcement on the shareholders and directors and supervisors to reduce the number of shares by more than half and the proportion of the reduction to 1%.

Stock code: 688004 Stock abbreviation: Bohui Technology Announcement number: 2021-031

The Board of Directors, all Directors and relevant shareholders of the Company warrant that the contents of this announcement are free from any false statements, misleading statements or material omissions, and assume legal responsibility for the truthfulness, accuracy and completeness of the contents in accordance with law.

Important Content Tips:

● The basic situation of major shareholders and directors and supervisors holding high shareholdings

Prior to the implementation of the shareholding reduction plan, Mr. Zheng Jinfu, a director of Beijing Bohui Technology Co., Ltd. (hereinafter referred to as the "Company"), held 4,586,720 shares of the Company, accounting for 8.08% of the total share capital of the Company, and Mr. Chen Heng, a shareholder, held 3,706,680 shares of the Company, accounting for 6.53% of the total share capital of the Company.

The above shares are all unrestricted shares and are sourced from shares acquired prior to the Company's initial public offering.

● The progress of the reduction plan

On June 16, 2021, the Company disclosed the Announcement of the Shareholding Reduction Plan of Bohui Technology Shareholders and Directors and Supervisors (Announcement No. 2021-017), in which Mr. Zheng Jinfu, a shareholder and director holding more than 5% of the Company's shares, intends to reduce his holdings by a total of no more than 1,146,680 shares, i.e. not more than 2.02% of the total number of shares of the Company, through centralized bidding and block trading; Mr. Chen Heng, a shareholder holding more than 5% of the Company's shares, intends to reduce his holdings by no more than 1,000,000 shares through centralized bidding. That is, not more than 1.76% of the total number of shares in the company. During the period of the reduction plan, the reduction of holdings through centralized bidding will be carried out within 6 months after 15 trading days from the date of disclosure of the reduction plan, and the reduction of holdings through block transactions will be carried out within 6 months after 3 trading days from the date of disclosure of the reduction plan.

On September 6, 2021, the Company received the Notification Letter on the Progress of the Share Reduction from Mr. Zheng Jinfu. From July 1, 2021 to September 6, 2021, Mr. Zheng Jinfu reduced his holdings in the Company by a total of 567,912 shares through centralized auction transactions and block transactions, with a reduction ratio of 1.00%, and as of September 6, 2021, Mr. Zheng Jinfu reduced his holdings by nearly half, and the reduction plan has not yet been implemented.

On September 6, 2021, the Company received the Notification Letter on the Progress of the Share Reduction from Mr. Chen Heng. Between July 12, 2021 and September 6, 2021, Mr. Chen Heng reduced his holding of 500,000 shares in the Company through a centralized auction transaction, with a reduction ratio of 0.88%, and as of September 6, 2021, Mr. Chen Heng reduced his holdings by more than half, and the reduction plan has not yet been implemented.

First, the basic situation of the reduced holding entity before the reduction of holdings

There is no consistent actor in the above-mentioned reduction of holdings.

Second, the implementation progress of the reduction plan

(1) The major shareholders and directors and supervisors disclose the progress of the implementation of the shareholding reduction plan for the following reasons:

Other reasons: More than half of the centralized auction and block trade reductions

(2) Whether the reduction is consistent with the plans and commitments previously disclosed by the major shareholder or the director and supervisor

√ Yes □ No

(3) During the time period for reducing holdings, whether the listed company discloses major matters such as high transfer or planning for mergers and acquisitions

□ Yes √ No

(4) The impact of the reduction on the company

The reduction plan is a reduction in the company's shareholders according to their personal capital needs, which will not lead to changes in the company's controlling shareholders and will not have a significant impact on the company's governance structure and continuing operations.

(5) Other matters requested by this Article

not

3. Relevant risk tips

(1) The risk of uncertainty in the implementation of the reduction plan, such as the preconditions for the implementation of the plan, the restrictive conditions and the specific circumstances under which the relevant conditions are achieved or eliminated

The shareholding reduction plan is implemented in accordance with the requirements of relevant laws and regulations, market conditions, the company's stock price and other circumstances, and there is uncertainty about the time, quantity and price of the shareholding reduction plan, and there is also uncertainty about whether it will be implemented and completed on schedule. Investors are advised to be aware of the investment risks.

(2) Whether the implementation of the shareholding reduction plan will lead to a change in the control of the listed company

(iii) Other risks

As of the date of this announcement, the implementation of the reduction plan has not been completed. The Company will continue to pay attention to the progress of the shareholding reduction plan and fulfill its information disclosure obligations in accordance with relevant regulations. Please invest rationally and pay attention to investment risks.

This is hereby announced.

Beijing Bohui Technology Co., Ltd

board of directors

September 8, 2021