Nanjing Panda Electronics : SUMMARY OF 2021 INTERIM REPORT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

SUMMARY OF 2021 INTERIM REPORT

1. IMPORTANT NOTICE
2. 1. The summary of the results of Nanjing Panda Electronics Company Limited (the "Company") and its subsidiaries (the "Group") for the six months ended 30 June 2021 (the "Reporting Period") is set out below. The financial statements contained in this report are unaudited. The summary of 2021 Interim Report is based on the full-length 2021 Interim Report. Investors who wish to know more details should carefully read the full text of the Interim Report simultaneously posted on the websites designated by the China Securities Regulatory Commission ("CSRC"), such as the website of the Shanghai Stock Exchange.
   2. The board of directors, the supervisory committee, the directors, supervisors and senior management of the Company confirm that the information in this interim report is true, accurate and complete and does not contain any false representation, misleading statement or material omission, and jointly and severally accept full responsibility for the contents herein.
   3. All directors of the Company attended the Board meeting.
   4. This interim report of the Company is unaudited.
   5. The Company would not make any profit distribution or capitalization of capital reserve for the first half of 2021.

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1. BASIC INFORMATION ABOUT THE COMPANY 2.1 Company profile

	Overview of stock
				Stock
	The stock exchange on	Stock		abbreviation
Class of stock	which the shares are listed	abbreviation	Stock code	before change
A Share(s)	Shanghai Stock Exchange	NPEC	600775	N/A
H Share(s)	The Stock Exchange of	NPEC	00553	N/A
	Hong Kong Limited
	(the "Hong Kong Stock
	Exchange")

Contact persons and		Representative of
contact information	Secretary to the Board	securities affairs
Name	Wang Dongdong	Wang Dongdong
Telephone	(8625) 8480 1144	(8625) 8480 1144
Facsimile	(8625) 8482 0729	(8625) 8482 0729
E-mail	[e-mail]	[e-mail]

Interim results

The board of directors (the "Board") of the Company hereby announces the unaudited interim results of the Group for the Reporting Period prepared in accordance with the PRC Accounting Standards for Business Enterprises.

As the Company adopts merely the PRC Accounting Standards for Business Enterprises for preparing its financial statements from 2016, the relevant financial data for the first half of 2021 have been presented in accordance with the PRC Accounting Standards for Business Enterprises in this announcement.

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2.2 Major financial data of the Company (Unaudited)

		Unit: Yuan Currency: RMB
	At the end
	of the	At the end	Change from
	Reporting Period	of last year	the end of
	(30 June 2021)	(31 December 2020)	last year
			(%)
Total assets	6,237,271,612.21	6,001,947,699.44	3.92
Net assets attributable to shareholders of the
Company	3,504,992,186.42	3,509,430,717.97	-0.13
		Corresponding
	Reporting	period of	Change from
	Period	last year	corresponding
	(January -	(January -	period of
	June 2021)	June 2020)	last year
			(%)
Operating income	2,169,456,301.72	1,714,155,014.36	26.56
Net profit attributable to shareholders of the
Company	18,273,010.95	12,683,154.91	44.07
Net profit attributable to shareholders of the
Company after deducting extraordinary
profit and loss	6,012,972.37	928,618.66	547.52
Net cash flow from operating activities	-45,434,137.31	88,278,305.28	-151.47
Weighted average return on net assets (%)			Increased by 0.15
	0.52	0.37	percentage point
Basic earnings per share (RMB/share)	0.0200	0.0139	44.07
Diluted earnings per share (RMB/share)	0.0200	0.0139	44.07

Explanations on major accounting information and financial indicators of the Company:

The increases in net profit attributable to shareholders of the Company and net profit attributable to shareholders of the Company after deducting extraordinary profit and loss were mainly due to the period-on-period increase in income and profit from modern digital city business.

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2.3 Total number of shareholders, shareholdings of the top ten shareholders and top ten holders of tradable shares (or holders of shares not subject to trading moratorium) as at the end of the Reporting Period

				Unit: shares
Total number of shareholders as at the end
of the Reporting Period				54,557
	Shareholdings of top ten shareholders	Number
				of shares	Number of
				held subject	pledged,
	Type of	Percentage of	Number of	to trading	tagged or
Name of Shareholder	shareholders	shareholding	shares held	moratorium	frozen shares
		(%)
HKSCC (Nominees) Limited	Overseas legal	26.94	246,190,500	0	Unknown
	person
Panda Electronics Group Limited	State-owned	23.05	210,661,444	0	Unknown
("PEGL")	legal person
China Huarong Assets	State-owned	7.06	64,471,891	0	Unknown
Management Co., Ltd.	legal person
Nanjing Electronics Information	State-owned	3.93	35,888,611	0	Unknown
Industrial Corporation("NEIIC")	legal person
Guoxin Investment Co., Ltd.	State-owned	2.38	21,720,941	0	Unknown
Zhang Desheng(張德勝)	legal person
Domestic natural	0.45	4,105,082	0	Unknown
Chen Linfa(陳林法)	person
Domestic natural	0.31	2,804,000	0	Unknown
Zhao Dongling (趙東嶺)	person
Domestic natural	0.29	2,650,800	0	Unknown
Ma Jiangfeng (馬江峰)	person
Domestic natural	0.27	2,451,416	0	Unknown
Dong Jun(董俊)	person
Domestic natural	0.21	1,929,555	0	Unknown

person

Description on connected relationship or party acting in concert among the aforesaid shareholders

NEIIC holds 100% equity interests of PEGL, the controlling shareholder of the Company. NEIIC holds, directly and through asset management plans, 22,120,611 A shares and 13,768,000 H shares of the Company, representing 3.93% of the total number of shares. NEIIC indirectly holds 210,661,444 A shares of the Company through PEGL, representing 23.05% of the total number of shares. In total, NEIIC holds 26.98% equity interests of the Company. CEIEC (H.K.) Limited (華電有 限公司), a wholly-owned subsidiary of China Electronics Corporation ("CEC"), holds 27,414,000 H shares of the Company, representing 3% of the total number of shares, which are held under the name of HKSCC (Nominees) Limited. In conclusion, CEC, the de facto controller of the Company, holds 29.98% shares of the Company through its subsidiaries. Save as disclosed above, the Company is not aware of any connected relationship or party acting in concert among the aforesaid shareholders.

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Notes:

As at the end of the Reporting Period, HKSCC (Nominees) Limited held 246,190,500 shares (including 241,655,470 H shares and 4,535,030 A shares) of the Company on behalf of a number of clients, representing 26.94% of the total issued share capital of the

Company, which includes 13,768,000 H shares held by NEIIC and 27,414,000 H shares held by CEIEC (H.K.) Limited (華電有限公司), a wholly-owned subsidiary of CEC. Save

as disclosed above, the Company is not aware of any individual client holding more than 5% of the total issued share capital of the Company.

2.4 Particulars of the total number of holders of preferred shares and the top 10 holders of preferred shares as at the end of the Reporting Period

Applicable ✓ N/A

2.5 Change in the controlling shareholder or the de facto controller

Applicable ✓ N/A

During the Reporting Period, there was no change in the controlling shareholder and the de facto controller of the Company, being PEGL and CEC, respectively.

To the best knowledge of the Company having made all reasonable enquiries, CEC confirmed that as at the date of this report, CEC held 232,782,055 A shares and 41,182,000 H shares in the Company through its subsidiaries, with 273,964,055 shares in aggregate, representing 29.98% of the total share capital of the Company. In particular, it held 22,120,611 A shares and 13,768,000 H shares in the Company through its controlling subsidiary, NEIIC, representing 3.93% in aggregate of the total issued capital of the Company; it held 210,661,444 A shares in the Company through a wholly-owned subsidiary of NEIIC, PEGL, representing 23.05% of the total issued capital of the Company; it held 27,414,000 H shares in the Company through its overseas wholly-owned subsidiary, CEIEC (H.K.) Limited, representing 3.00% of the total issued capital of the Company.

2.6 Information on bonds outstanding as at the date on which the interim report was approved for publication

Applicable ✓ N/A

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