Shenzhen China Bicycle Company (Holdings) Limited Summary of Semi-Annual Report 2021 I. Important Notice The summary is abstract from full-text of semi-annual report, for more details of operating results, financial condition 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. Other directors attending the Meeting for semi-annual report deliberation except for the followed Name of director absent Title for absent director Reasons for absent Attorney Prompt of non-standard audit opinion □ Applicable √ Not applicable 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 dividend distributed, no bonus shares and has no share converted from capital reserve. Profit distribution pre-plan of preferred stock deliberated and approved by the Board in the reporting period □ Applicable √ Not applicable II. Company profile 1. Company Profile Short form of the stock Zhonghua-A, Zhonghua-B Stock code 000017, 200017 Stock exchange for listing Shenzhen Stock Exchange Person/Way to contact Secretary of the Board Rep. of security affairs Name Sun Longlong Yu Xiaomin, Zhong Xiaojin 501 Zhongxin Technology Building, No.31 501 Zhongxin Technology Building, No.31 Office add. Bagua Rd., Bagualing, Futian District, Bagua Rd., Bagualing, Futian District, Shenzhen Shenzhen Tel. 0755-25516998,28181666 0755-25516998,28181666 E-mail dmc@szcbc.com dmc@szcbc.com 1 2. Main accounting data and financial indexes Whether it has retroactive adjustment or re-statement on previous accounting data or not □Yes √ No Increase/decrease in this Current period Same period of last year report y-o-y Operating revenue (RMB) 54,130,317.60 42,656,355.21 26.90% Net profit attributable to shareholders of 1,365,493.34 2,797,643.50 -51.19% the listed company (RMB) Net profit attributable to shareholders of the listed company after deducting -416,594.29 2,197,907.57 -118.95% non-recurring gains and losses (RMB) Net cash flow arising from operating -2,447,126.82 1,350,395.94 -281.22% activities (RMB) Basic earnings per share (RMB/Share) 0.0025 0.0051 -50.98% Diluted earnings per share (RMB/Share) 0.0025 0.0051 -50.98% Weighted average ROE 11.78% 32.84% -21.06% Increase/decrease in this End of current period End of last period report-end over that of last period-end Total assets (RMB) 94,505,866.40 91,742,769.99 3.01% Net assets attributable to shareholder of 12,270,724.32 10,905,230.98 12.52% listed company (RMB) 3. Number of shares and shares held In Share Total preference shareholders Total common stock with voting rights recovered at shareholders in reporting 40,691 0 end of reporting period (if period-end applicable) Top ten shareholders Information of shares Full name of Nature of Proportion of Shareholding Amount of restricted shares held pledged, tagged or frozen Shareholders shareholder shares held numbers State of share Amount Shenzhen Guosheng Domestic Energy non-state-owne 11.52% 63,508,747 0 - - Investment d legal person Development Co., Ltd. UOB Koy Hian Foreign legal 2.89% 15,907,850 0 - - (Hong Kong) person 2 Co., Ltd. Guosen Securities Foreign legal (Hong Kong) 2.52% 13,909,425 0 - - person brokerage Co., Ltd. Shenwan Hongyuan Foreign legal Securities 1.50% 8,283,272 0 - - person (Hong Kong) Co., Ltd. Lhasa Xingqing Domestic Network non-state-owne 0.83% 4,600,255 0 - - Technology Co., d legal person Ltd. Domestic Wu Xiaoping 0.74% 4,075,500 0 - - nature person Domestic Li Huili 0.71% 3,891,124 0 - - nature person Domestic Ge Zhiqiong 0.61% 3,389,252 0 - - nature person LI SHERYN Foreign natural 0.60% 3,310,400 0 - - ZHAN MING person Domestic Xu Hongbo 0.58% 3,187,519 0 - - nature person Li Huili, spouse of the Ji Hanfei, the actual controller of he Company- Shenzhen Guosheng Energy Investment Development Co., Ltd., holding B-share of the Company on behalf of Explanation on associated Shenzhen Guosheng Energy Investment Development Co., Ltd., beyond that, the Company has relationship among the aforesaid no idea of whether other circulated shareholders belong to concerted action persons ruled in the shareholders Administration Norms for Information Disclosure of Change on Shareholding of Shareholders of Listed Companies. Shareholders involving margin N/A business (if applicable) 4. Changes of controlling shareholders or actual controller Changes of controlling shareholders in reporting period □ Applicable √ Not applicable Changes of controlling shareholders had no change in reporting period. Changes of actual controller in reporting period □ Applicable √ Not applicable Changes of actual controller had no change in reporting 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 in reporting period. 3 6. Bonds in existence as of the approval date of the semi-annual report □ Applicable √ Not applicable III. Important events 1. Planning the non-public offering of the shares On 30 December 2020, the Company held the 3 rd extraordinary shareholders general meeting of 2020 to deliberated and approved the new plan of non-public issuance of shares. The Company plans to raising 293.6 million yuan in total at most to Wansheng Industrial Company, by means of non-public offering of shares, the funds will be used to replenish the working capital after deducting offering expenses, and the offering of shares will result in a changes in controlling rights of the Company. On March 12, 2021, the company received the Acceptance of Administrative License Application of China Securities Regulatory Commission (Acceptance No. 210576) issued by China Securities Regulatory Commission (hereinafter referred to as CSRC). CSRC reviewed the administrative license application materials submitted by the company for the Approval of Non-public Offering of Listed Companies (A-Share Motherboard, SMEs Board, and B-Share), and considered that all the application materials were complete and in line with the legal form, and decided to accept the application for administrative license. From March to May 2021, the company has respectively received the Notice of Feedback on the Review of Administrative License Project (No. 210576) and the Letter on Making Preparation for the Meeting of the Issuance Examination Commission for the Non-Public Offering of Shares of Shenzhen China Bicycle Company (Holdings) Limited. issued by the CSRC. By the end of this report period, the company and the intermediary agencies have completed the reply work on time and submitted it to CSRC in time, and the follow-up work is in progress. The company's non-public offering of shares is still subject to the approval of the CSRC, whether the approval could be obtained and the final approval time is uncertain. The company will timely perform the information disclosure obligation in strict accordance with the provisions and requirements of relevant laws and regulations and according to the review progress of the application by the CSRC. Please invest rationally and pay attention to investment risk. 2. Matters concerning the company's application for and recognition as a national high-tech enterprise Based on all work from 2017 to 2019, the company completed the preparation for applying for the national high-tech enterprise and formally submitted the application materials in 2020. In January 2021, the company received the High-tech Enterprise Certificate jointly issued by Shenzhen Science and Technology Innovation Commission, Shenzhen Finance Bureau and Shenzhen Taxation Bureau of the State Administration of Taxation (Certificate No.: GR202044200651, date of issue: December 11, 2020, valid for three years). According to the Enterprise Income Tax Law of the People's Republic of China and the relevant provisions of the state on preferential tax policies for high and new technology enterprises, the company enjoys relevant preferential tax policies for high and new technology enterprises for three consecutive years (2020-2022) after being recognized as a high and new technology enterprise, namely, the enterprise income tax shall be paid at the tax rate of 15% (the tax rate shall be reduced from 25% to 15%). 4 Board of Directors of Shenzhen China Bicycle Company (Holdings) Limited 25 August 2021 5