Jiangsu Changling Hydraulic Co., Ltd. Announcement of the resolution of the third meeting of the second board of directors

Stock code: 605389 Stock abbreviation: Changling Hydraulic Announcement number: 2021-064

The Board of Directors and all Directors of the Company warrant that the contents of this announcement are free from any misrepresentation, misleading statement or material omission and accept sole and several liability for the truthfulness, accuracy and completeness of the contents.

1. The convening of the board of directors meeting

Jiangsu Changling Hydraulic Co., Ltd. (hereinafter referred to as the "Company") held the third meeting of the second session of the Board of Directors on October 25, 2021 by on-site voting in the Company's conference room, and the notice of the meeting was delivered to all directors, supervisors and senior management of the Company by writing and e-mail on October 15, 2021. The meeting should be attended by 5 directors and 5 directors actually attending the meeting. Members of the Board of Supervisors and senior management attended the meeting as observers. The convening of the meeting conforms to the provisions of the Company Law of the People's Republic of China and other relevant laws, administrative regulations, departmental rules, normative documents and the Articles of Association of the Company.

2. Deliberations of the board of directors meeting

The meeting was presided over by Mr. Xia Jifa, the chairman of the board, and the directors attending the meeting deliberated and passed the following proposals by registered vote:

(1) Deliberate and pass the "Proposal on the Company's Third Quarter Report of 2021";

Voting result: 5 votes in favour, 0 votes against, 0 abstentions;

In accordance with the relevant provisions of the China Securities Regulatory Commission and the Shanghai Stock Exchange, combined with the overall operation of the Company and its subsidiaries in the third quarter of 2021, the Company prepared the "Third Quarter Report of Jiangsu Changling Hydraulic Co., Ltd. in 2021", the details of which can be found in the same day's announcement published by the Company on the website of the Shanghai Stock Exchange (www.sse.com.cn) and the Company's designated information disclosure media.

(2) Deliberate and pass the "Proposal on the Distribution of Profits of Wholly-Owned Subsidiaries";

For details, please refer to the Company's announcement on the same day published on the website of the Shanghai Stock Exchange (www.sse.com.cn) and the Company's designated information disclosure media.

3. Filing documents

1. Resolution of the Third Meeting of the Second Board of Directors of Jiangsu Changling Hydraulic Co., Ltd.

This is hereby announced.

Board of Directors of Jiangsu Changling Hydraulic Co., Ltd

October 26, 2021

Stock code: 605389 Stock abbreviation: Changling Hydraulic Announcement number: 2021-065

Jiangsu Changling Hydraulic Co., Ltd

Announcement of the resolution of the third meeting of the second session of the Board of Supervisors

The Supervisory Board and all the Supervisors of the Company warrant that the contents of this announcement are free from any false records, misleading statements or material omissions, and assume individual and joint liability for the truthfulness, accuracy and completeness of the contents.

1. The convening of the meeting of the board of supervisors

Jiangsu Changling Hydraulic Co., Ltd. (hereinafter referred to as "the Company") held the third meeting of the second session of the Supervisory Board in the Company's conference room on October 25, 2021 by on-site voting, and the notice of the meeting was delivered to all the supervisors of the Company by writing, telephone and e-mail on October 15, 2021. The meeting should be attended by 3 supervisors and 3 supervisors who actually attend the meeting. The Secretary of the Board of Directors attended the meeting as an observer. The convening of the meeting conforms to the provisions of the Company Law of the People's Republic of China and other relevant laws, administrative regulations, departmental rules, normative documents and the Articles of Association of the Company.

2. Deliberations at the meeting of the board of supervisors

The supervisors attending the meeting deliberated and voted by registered vote to pass the following proposals:

Voting result: 3 votes in favour, 0 votes against, 0 abstentions;

According to the relevant regulations of the China Securities Regulatory Commission and the Shanghai Stock Exchange, combined with the overall operation of the company and its subsidiaries in the third quarter of 2021, the company prepared the "Third Quarter Report of Jiangsu Changling Hydraulic Co., Ltd. in 2021", the specific content of which is detailed in the same day announcement published by the company on the website of the Shanghai Stock Exchange (www.sse.com.cn) and the company's designated information disclosure media.

3. Filing documents

1. Resolution of the Third Meeting of the Second Supervisory Board of Jiangsu Changling Hydraulic Co., Ltd.

Supervisory Board of Jiangsu Changling Hydraulic Co., Ltd

Stock code: 605389 Stock abbreviation: Long Age Hydraulics

Third Quarterly Report 2021

Important Content Tips:

The board of directors, the board of supervisors and the directors, supervisors and senior management of the company guarantee that the contents of the quarterly report are true, accurate and complete, that there are no false records, misleading statements or material omissions, and that they bear individual and joint legal liabilities.

The person in charge of the company, the person in charge of accounting work and the person in charge of the accounting institution (accounting supervisor) ensure that the financial statement information in the quarterly report is true, accurate and complete.

Whether the third quarter financial statements were audited

□ Yes √ No

First, the main financial data

(i) Key accounting data and financial indicators

Unit: Yuan Currency: RMB

Note: "Reporting Period" refers to the 3-month period from the beginning of the quarter to the end of the quarter, the same below.

(ii) Non-recurring profit or loss items and amounts

The non-recurring profit and loss items listed in the Interpretive Announcement on the Disclosure of Information of Companies Publicly Offering Securities No. 1 - Non-recurring Profit and Loss are defined as recurring profit and loss items

□ apply √ does not apply

(3) Changes in major accounting data and financial indicators, and reasons

√ applicable □ does not apply

II. Shareholder Information

(1) A table of the total number of common shareholders and the number of preferred shareholders whose voting rights have been restored and the shareholdings of the top ten shareholders

Unit: Shares

3. Other reminders

Other important information about the Company's operations during the reporting period that investors need to be reminded of

4. Quarterly financial statements

(i) Type of audit opinion

(ii) Financial statements

Consolidated balance sheets

September 30, 2021

Compilation unit: Jiangsu Changling Hydraulic Co., Ltd

Unit: Yuan Currency: RMB Audit Type: Unaudited

Person in charge of the company: Xia Jifa Person in charge of accounting work: Zhu Fang Head of accounting institution: Li Caihua

Consolidated income statement

January-September 2021

Compilation unit: Jiangsu Changling Hydraulic Co., Ltd

In the event of a merger of enterprises under the same control in the current period, the net profit realized by the merged party before the merger is: 0 yuan, and the net profit realized by the merged party in the previous period is: 0 yuan.

Consolidated cash flow statement

Unit: Yuan Currency: RMB Audit Type: Unaudited

(3) The first implementation of the new lease standard from 2021 onwards to adjust the relevant circumstances of the financial statements at the beginning of the first implementation year

board of directors

October 25, 2021

Stock code: 605389 Stock abbreviation: Changling Hydraulics Announcement number: 2021-066

Announcement on the distribution of profits of wholly owned subsidiaries

Jiangsu Changling Hydraulic Co., Ltd. (hereinafter referred to as the "Company") held the third meeting of the second board of directors on October 25, 2021, and deliberated and passed the "Proposal on the Profit Distribution of Wholly-Owned Subsidiaries", as follows:

First, the profit distribution plan of the wholly-owned subsidiary is overview

In accordance with the relevant provisions of the Articles of Association of the Company and the Measures for the Administration of Holding (Shareholding) Subsidiaries of Jiangsu Changling Hydraulic Co., Ltd., in order to return to shareholders, Jiangyin Changling Spring Co., Ltd. (hereinafter referred to as "Changling Spring"), a wholly-owned subsidiary of the Company, decided to distribute profits in an amount of 29,164,350.17 yuan. The Company holds 100% equity interest in Evergreen Spring and receives a cash dividend of RMB29,164,350.17.

Second, the impact of this profit distribution on the company

The profit distribution of the wholly-owned subsidiary will increase the total profit of the parent company's financial statements and will not affect the total profit of the company's consolidated financial statements.