Jiangsu Sunshine (600220): The Controlling Shareholder Increased The Company'S Shares By 1%

Suggestive announcement of Jiangsu Sunshine Co., Ltd. on holding 1% more shares of the company by controlling shareholders

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of the contents. Important content tips:

? Jiangsu Sunshine Group Co., Ltd. (hereinafter referred to as "Sunshine Group"), the controlling shareholder of Jiangsu Sunshine Co., Ltd. (hereinafter referred to as "the company"), disclosed in the acquisition report on September 20, 2019, that it intends to continue to increase the shares of the company in the next 12 months, with the increase ratio no less than 1% and no more than 2% of the total issued share capital of the listed company.

? as of the disclosure date of this announcement, sunshine group has accumulated 17905600 shares of the company, with the increase proportion

Up to 1% of the company's total equity.

The company received a notice from the controlling shareholder Sunshine Group today. Based on its confidence in the intrinsic value of the listed company and its future development prospects, the company promised in the acquisition report disclosed on September 20, 2019 that "it intends to continue to increase its shareholding in the next 12 months, with the increase ratio no less than 1% and no more than 2% of the total issued share capital of the listed company." (for details, please refer to the acquisition report (Amendment) disclosed by the company on September 20, 2019). As of August 7, 2020, sunshine group increased its shareholding ratio of the company by 1% through the trading system of Shanghai Stock Exchange. The relevant increase is announced as follows:

1、 This increase

1. Subject of increase: Jiangsu Sunshine Group Co., Ltd., which is the controlling shareholder of the company

2. From September 19, 2019 to August 7, 2020, sunshine group increased 17905600 shares of the company through the centralized bidding trading system of Shanghai Stock Exchange, accounting for 1% of the total share capital of the company.

3. Shareholding before and after the increase:

Before the increase, the controlling shareholder Sunshine Group held 177974233 shares of the company, accounting for 9.98% of the total share capital of the company; Sunshine Group and its acting in concert held 562104233 shares of the company, accounting for 31.52% of the total share capital of the company.

After this increase, sunshine group holds 195879833 shares of the company, accounting for 10.98% of the total share capital of the company; Sunshine Group and its persons acting in concert hold 580009833 shares of the company, accounting for 32.52% of the total share capital of the company.

2、 Description of other matters

(1) the increase is in line with the provisions of the securities law, the administrative measures for the acquisition of listed companies and other relevant laws, regulations and normative documents.

(2) Sunshine Group will not reduce its shares of the company during the implementation of the increase and within the statutory period.

(3) this increase will not lead to changes in the controlling shareholders and actual controllers of the company.

(4) the company will continue to pay attention to the changes of the company's shares held by the directors, supervisors and senior executives, controlling shareholders and their persons acting in concert, and shareholders holding more than 5% of the shares, and timely perform the obligation of information disclosure in accordance with relevant provisions.

It is hereby announced.

Jiangsu Sunshine Co., Ltd

August 7, 2020