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Announcement by Xinyangfeng Agricultural Technology Co., Ltd. regarding the closure and relocation of the old factory site of its wholly-owned subsidiary, Yichang Xinyangfeng Fertilizer Industry Co., Ltd. Author/Source: Date: 2021-07-08 Clicks: 17 The company and all members of its board of directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions. In response to the call for **“chemical enterprises within 1 kilometer of the Yangtze River to cease operations, be restructured, or relocate,” Yichang Xinyangfeng Fertilizer Co., Ltd.** (hereinafter referred to as the “Company”), a wholly-owned subsidiary of Xinyangfeng Agricultural Technology Co., Ltd., recently shut down and relocated its old factory located at No. 1 Xianfeng South Road, Xiaoting District, Yichang City, Hubei Province. The details are as follows: I. Basic Information on Yichang Xinyangfeng (1) Basic Details 1. Company name: Yichang Xinyangfeng Fertilizer Co., Ltd. 2. Unified Social Credit Code: 91420500673656549K 3. Address: No. 1 Xianfeng South Road, Xiaoting District, Yichang City 4. Legal representative: Yang Huafeng 5. Registered capital: 80 million yuan 6. Date of establishment: April 8, 2008 7. Business scope: Compound (mixed) fertilizers, ammonium phosphate, synthetic ammonia, chemical raw materials (excluding hazardous chemicals and chemically restricted products), other fertilizer products, as well as the manufacturing and sales of woven bags ； Engaging in the export business of the company’s own manufactured products and technologies ； Engaging in the import and export of raw materials and auxiliary materials, instruments and meters, mechanical equipment (excluding passenger vehicles with fewer than nine seats), mechanical spare parts, and technologies required for the operation of this enterprise’s production activities ； Production and sales of industrial sulfuric acid and 20% phosphoric acid. 8. Ownership and control relationship: The company holds 100% of the equity in Yichang Xinyangfeng. (II) Key financial figures Unit: 10,000 yuan ■ Note: The amounts listed above include both the new and old factory sites. II. Impact on the Company 1. The closure and relocation of the old plant in Yichang Xinyangfeng are in response to relevant policies, and they are also in line with the company’s strategic development plans; this will help further enhance the company’s momentum for growth ； 2. The new factory of Yichang Xinyangfeng, located in Group 3, Longwangtai, Zhicheng Town, Yidu City, Hubei Province, was completed and put into operation in May 2021. Equipped with advanced facilities, this new plant features upgraded manufacturing processes as well as enhanced environmental protection and safety measures. It also focuses on innovation in the technologies and methods for the comprehensive utilization of phosphogypsum, thereby increasing the capacity to process and utilize this material. Such efforts contribute to clean production, energy conservation, emission reduction, and recycling, effectively lowering the company’s production costs for phosphate fertilizers and thus strengthening its market competitiveness ； 3. The shutdown and relocation of the old plant site of Yichang Xinyangfeng are being carried out in an orderly manner as planned. The company is responsible for the rational integration of the assets from both the new and old plant sites, ensuring a seamless continuation of production and operations. Such shutdown and relocation efforts will not have a significant negative impact on the company’s operations, nor will they harm the interests of the listed company and its shareholders, especially small and medium-sized investors. III. Risk Warnings: The company will take measures such as reallocating staff in the future, and will strictly comply with relevant laws and regulations by following the appropriate decision-making procedures and fulfilling its information disclosure obligations. Investors are kindly advised to be mindful of investment risks and make rational investment decisions. This is to announce. Board of Directors of Xinyangfeng Agricultural Technology Co., Ltd. June 18, 2021