On December 1, 2021, Hangzhou Juheshun New Materials Co., Ltd. (hereinafter referred to as the "Company") received the "Approval of Public Issuance of Convertible Corporate Bonds by Hangzhou Juheshun New Materials Co., Ltd."(Zheng Jian Xu Ke [2021] No. 3767) (hereinafter referred to as the "Approval"), issued by the China Securities Regulatory Commission (hereinafter referred to as the "CSRC"), now, the main contents of the Approval are hereby announced as follows：

I. The company is approved to issue convertible corporate bonds with a total face value of 204 million yuan to the public for a period of 6 years.

II. The issuance of convertible corporate bonds shall be implemented in strict accordance with the prospectus and issuance announcement submitted to the China Securities Regulatory Commission.

III. This approval is valid within 12 months from the date of issuance.

IV. From the date of approval of issuance to the end of the current issuance of convertible corporate bonds, if a major event occurs, the company shall report to the CSRC in a timely manner and deal with it in accordance with relevant regulations. The board of directors of the company shall, in accordance with relevant laws and regulations, the requirements of the China Securities Regulatory Commission's approval documents and the authorization of the company's general meeting of shareholders, handle matters related to the public issuance of convertible corporate bonds within the specified time limit, and perform the obligations of information disclosure in a timely manner. By the way, the investors are advised to pay attention to investment risks.

It is hereby announced.

Board of directors of Hangzhou Juheshun New Materials Co., Ltd. 

December 2, 2021