Zhen Ding Technology : Avary Holding (Shenzhen), Announce the Resolutions Approved by its Board of Directors

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Provided by: Zhen Ding Technology Holding Limited
SEQ_NO	6	Date of announcement	2022/03/16	Time of announcement	17:11:19
Subject	Avary Holding (Shenzhen), Announce the Resolutions Approved by its Board of Directors
Date of events	2022/03/16	To which item it meets	paragraph 51
Statement	1.Date of occurrence of the event:2022/03/16 2.Company name:Avary Holding (Shenzhen) Co., Limited 3.Relationship to the Company (please enter "head office" or "subsidiaries"):Subsidiary 4.Reciprocal shareholding ratios:71.79% 5.Cause of occurrence:On behalf of the Company's subsidiary to 1) The 2021 Board of Directors report 2) The 2021 annual report and the summary 3) The 2021 financial report 4) The 2022 financial budget 5) The 2021 Use of proceed of IPO Fund Raising Report 6) The 2021 social responsibility report 7) The 2021 internal control self-evaluation report 8) The audit report of internal control policy as of 2021.12.31 9) The 2021 execution report of internal control policy 10) The Buyback and withdral partial of incentive share from 2021 stock option plan 11) The 2021 profit distribution 12) The Renewal of accounting firm for 2022 13) The re-election of independent director 14) The Amendment of the "Articles of Association" 15) The Amendment of Rules of Procedure for Shareholders Meetings 16) The Amendment of Rules of Procedure for Board of Directors Meetings 17) The Amendment of Working Rules for Independent Directors 18) The Amendment of Rules of Procedure for Audit Committee 19) The Amendment of Internal Audit System 20) The Amendment of Internal Control System 21) The Amendment of Investor Relationship Management Rules 22) The Amendment of Investor Relationship Management Rules 23) The application for credit line 24) The Convening of 2022 Annual General Shareholders' meeting (Ministry of Finance of the People's Republic of China announces the new accounting standard, which is applicable to companies based in the mainland China area to issue the financial report.) 6.Countermeasures:On behalf of the Company's subsidiary to make the announcement on MOPS in accordance with regulations. 7.Any other matters that need to be specified: (1) The guidance for 2022 capital expenditure: 4.3 billion RMB (2) The key indicators of financial budget for 2022: (a) Revenue to be ranged between 36,646 million RMB and 38,312 million RMB, up 10%-15% compared to 2021. (b) Profit before income tax to be ranged between 4,389 million RMB and 4,771 million RMB, up 15%-25% compared to 2021. (c) Profit for the period to be ranged between 3,813 million RMB and 4,145 million RMB, up 15%-25% compared to 2021. The guidance of 2022 budget is key indicator for the internal management and is not for earning forecast. Investors should be aware of potential risks as the actual results may vary from the macroeconomic and market demands.