Nanjing Sample Technology : VOLUNTARY ANNOUNCEMENT ANNOUNCEMENT IN RELATION TO THE COMPLETION OF CHANGE OF DE FACTO CONTROLLER OF THE COMPANY

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(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1708)

VOLUNTARY ANNOUNCEMENT

ANNOUNCEMENT IN RELATION TO THE COMPLETION OF

CHANGE OF DE FACTO CONTROLLER OF THE COMPANY

This voluntary announcement is made by Nanjing Sample Technology Company Limited* (the "Company").

The board of directors (the "Board") of the Company announces that, it was advised by Nanjing Sample Technology Group Company Limited* (南京三寶科技集團有限公司) ("Nanjing Sample Technology

Group"), the single largest shareholder of the Company, holding certain domestic shares and H

shares of the Company, in aggregate representing approximately 50.77% of the registered capital of the Company, Qingdao West Coast Development Group Co., Ltd* (青島西海岸發展（集團）有限公司)

("Qingdao West Coast Development Group", ultimately controlled by State-owned Assets Supervision and Administration Commission of Qingdao Municipal People's Government ("SASAC of Qingdao")) has recently completed the industry and commercial registration procedures in respect of the capital injection in Nanjing Sample Technology Group in Nanjing Market Supervision Administration. Qingdao West Coast Development Group has held 51% equity interest in Nanjing Sample Technology Group and the de facto controller of the Company has been changed to SASAC of Qingdao.

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On 15 July 2020, the Securities and Futures Commission confirmed that, pursuant to Note 8 to Rule

26.1 of the Code on Takeovers and Mergers, Qingdao West Coast Development Group is not required to make a general offer to the shares of the Company in respect of the above-mentioned capital injection.

By order of the Board

Nanjing Sample Technology Company Limited*

Sha Min

Chairman

Nanjing, the PRC, 21 August 2020

As at the date hereof, the executive directors are Mr. Sha Min (Chairman), Mr. Ma Fengkui, Mr. Zhang Junmin, the non-executive director is Mr. Chang Yong; and the independent non-executive directors are Mr. Hu Hanhui, Mr. Gao Lihui and Mr. Niu Zhongjie.

The directors of the Company jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.

• For identification purpose only

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