Beijing Jingcheng Machinery Electric : ANNOUNCEMENT IN RELATION TO THE RECEIPT OF THE "NOTICE OF FIRST FEEDBACK ON THE REVIEW OF ADMINISTRATIVE PERMISSION ITEMS FROM CSRC"

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北京京城機電股份有限公司

Beijing Jingcheng Machinery Electric Company Limited

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

(Stock Code: 0187)

ANNOUNCEMENT IN RELATION TO

THE RECEIPT OF THE "NOTICE OF FIRST FEEDBACK

ON THE REVIEW OF ADMINISTRATIVE PERMISSION ITEMS FROM CSRC"

The board of directors and all members of the board of directors of the Company warrant that this announcement does not contain any false information, misleading statement or material omission and accept joint and several responsibility for the truthfulness, accuracy and completeness of the contents herein contained.

References are made to (i) the circular dated 19 January 2021 (the "Circular") and (ii) the announcement dated 26 February 2021 of Beijing Jingcheng Machinery Electric Company Limited (the "Company") in relation to, among others things, Asset Acquisition by way of Share Issuance and Cash Payment and Raising of Supporting Funds. Unless otherwise specified, capitalized terms used herein have the same meanings as ascribed to them in the Circular.

The Company and CSC Financial Co. Ltd., its intermediary, received the "Notice of First Feedback on the Review of Administrative Permission Items from CSRC" (No. 210440) (the "Feedback") issued by the CSRC on 11 March 2021. The CSRC has reviewed the application materials for administrative permission of the "Approval for Asset Acquisition through Share Issuance by Listed Companies" ( ɪ ̹ʮ̡೯Бٰ΅ᒅ൯༟ପࣨࡘ') submitted by the Company in accordance with the relevant laws. The Company is required to make written statements and explanations on the relevant issues and submit written responses and comments to the corresponding department for administrative permission of the CSRC or submit an application for extension of replies to the CSRC in accordance with the relevant requirements within 30 days.

Pursuant to the requirements as stipulated in the Feedback, the Company and the relevant intermediary will submit the relevant materials to the corresponding department for administrative permission of the CSRC within the prescribed period.

It is uncertain if the Company can obtain the approval from the CSRC in respect of the application of the Asset Acquisition by way of Share Issuance and Cash Payment and Raising of Supporting Funds. The Company will perform its obligations of information disclosure in a timely manner based on the review progress of the CSRC. Investors are advised to be aware of the investment risks.

For and on behalf of the Board

Beijing Jingcheng Machinery Electric Company Limited

Luan Jie

Company Secretary

Beijing, the PRC

11 March 2021

As at the date of this announcement, the Board comprises Mr. Wang Jun, Mr. Li Junjie and Mr. Zhang Jiheng as executive directors, Ms. Jin Chunyu, Mr. Wu Yanzhang, Mr. Xia Zhonghua and Ms. Li Chunzhi as non-executive directors and Mr. Xiong Jianhui, Mr. Zhao Xuguang, Mr. Liu Jingtai and Mr. Luan Dalong as independent non-executive directors.