Stock code: 688208 Stock abbreviation: Dow Technology Announcement No.: 2023-024

Convertible Bond Code: 118013 Convertible Bond Short for: Dao Tong Convertible Bond

Shenzhen Daotong Technology Co., Ltd.

Results of Convertible Debt-to-Equity Conversion and Announcement of Changes in Shares

the company's board of directors and all directors to ensure that the contents of this announcement does not exist any false records, misleading statements or major omissions, and the authenticity, accuracy and completeness of the contents of the legal responsibility.

Important Content Tips:

● Conversion: From 16 January 2023 to 31 March 2023, the "Dao Tong Convertible Bonds" have a total

RMB 94,500 has been converted into shares of the Company, and the number of shares transferred is 2,719, accounting for 0.0006 per cent of the total number of shares issued by the Company before the conversion of the "Dao Tong Convertible Bond.

● Unconverted convertible bonds: as of March 31, 2023, "Dao Tong convertible bonds" have not yet been converted into convertible bonds.

The amount is 1,279,905,500 yuan, accounting for 99.9926 of the total amount of "Daotong convertible bonds" issued.

Overview of the issuance and listing of 1. convertible bonds

Approved by the China Securities Regulatory Commission "Securities Regulatory License [2022] No. 852", Shenzhen Daotong Technology Co., Ltd.

(hereinafter referred to as "the Company" or "the Company") on July 14, 2022 to issue convertible

12.8 million corporate bonds, each with a face value of 100 yuan, with a total issue amount of 1,280 million yuan. This issue

Convertible corporate bonds to the issuer on the equity registration date (July 7, 2022, T-1 day) after the close of the China Securities.

The original shareholders registered in the Shanghai Branch of Registration and Clearing Co., Ltd. have priority placement, and the balance after the priority placement of the original shareholders (including the part of the original shareholders giving up the priority placement) shall be issued through the online pricing of the trading system of the Shanghai Stock Exchange. The portion of the subscription that is less than 1,280 million yuan will be underwritten by the balance of the lead underwriter.

With the consent of the SSE's "Self-Regulatory Decision No. 201 [2022]", the company's 1,280 million yuan can be

The convertible bonds will be listed and traded on the Shanghai Stock Exchange from 28 July 2022, and the bonds will be referred to as "Dao Tong Convertible Bonds" for short.

Voucher code "118013".

In accordance with the relevant provisions and the "Shenzhen Daotong Technology Co.

In accordance with the provisions of the Prospectus of Securities, the "Dao Tong Convertible Bonds" issued by the Company will be convertible from January 16, 2023.

For the Company's shares, the conversion price is 34.73 yuan/share.

2. Convertible Bonds This Conversion

The conversion period for the issuance of convertible bonds by the Company to non-specific targets is January 16, 2023.

until July 7, 2028. From January 16, 2023 to March 31, 2023, the "Dao Tong Convertible Bonds"

A total of 94,500 yuan has been converted into shares of the company, the number of shares converted is 2,719 shares, accounting for "Dao Tong convertible bonds" conversion.

0.0006 per cent of the total issued shares of the company before the shares. As of March 31, 2023, the "Dao Tong Convertible Bonds" had not yet been converted.

The amount of convertible bonds of the shares is 1,279,905,500 yuan, accounting for 99.9926 of the total amount of "Dao Tong convertible bonds" issued.

Changes in 3. share capital

Unit: Unit

After the second convertible change of the initial restricted share capital before the change.

Class of Shares

(December 31, 2022) Equity swap of outstanding debt (March 31, 2023)

Limited sale conditions

177,095,000 -177,095,000 0 0

outstanding shares

Unlimited sale conditions

274,774,675 177,095,000 2,719 451,872,394

outstanding shares

Total equity 451,869,675 0 2,719 451,872,394

Note: Mr. Li Hongjing and Shenzhen Daohe Tongtai Information Consulting Enterprise (Limited Partnership) hold a total of restricted shares.

177,095,000 shares, with a lock-up period of 36 months from the date of listing of the Company's shares, with the portion of the restricted shares in 2023

February 13 listed circulation.

4. contact information

Contact Department: Board Office

Tel: 0755-81593644

Contact email: ir@autel.com

It is hereby announced.

Board of Directors of Shenzhen Daotong Technology Co., Ltd.

April 4, 2023