Stock Code: 688472 Stock Abbreviation: Artes Bulletin No.: 2024-032

ATS Sunshine Power Group Co., Ltd.

Announcement on the progress of the repurchase of shares by means of centralized bidding.

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:

Repurchase Program First Disclosure Date (Official) 2024/2/27

The implementation period of the repurchase plan is 2024/2/25~2025/2/24

Estimated Repurchase Amount 0.5 billion ~ 1 billion yuan

□ Reduction of registered capital

Repurchase purposes √For employee stock ownership plans or equity incentives

□ for conversion of corporate convertible bonds

□ To safeguard company value and shareholders' equity

Cumulative number of shares repurchased 5,500,000 shares

Cumulative number of shares repurchased as 0.15 per cent of total share capital

Example

Accumulated Repurchase Amount 0.065 billion Yuan

The actual repurchase price range is 11.37 yuan/share ~ 12.00 yuan/share.

Basic information on 1. share repurchases

On February 25, 2024, Artes Sunshine Power Group Co., Ltd. (the "Company")

Convene the second meeting of the second board of directors to consider and pass the "Proposal on Repurchase of the Company's Shares by Centralized Auction Trading", and agree that the company uses its own funds or over-raised funds obtained from the initial public offering of RMB ordinary shares to conduct centralized bidding transactions. Repurchase the RMB ordinary shares (A shares) issued by the company, and the total repurchase funds shall not be less

RMB 0.5 billion (inclusive), not more than RMB 1 billion (inclusive), repurchase price not more than RMB 20.12

/shares (inclusive), the repurchased shares will be used for equity incentives and/or employee stock ownership plans at an appropriate time in the future, and the repurchased shares will be repurchased within 12 months from the date of approval of the repurchase plan by the Board of Directors. For details, please refer to the company branch.

Don't be on the website of Shanghai Stock Exchange on February 27, 2024 and March 2, 2024

(http://www.sse.com.cn) Disclosure of "Artes Sunshine Power Group Co., Ltd. on the repurchase of the company's shares by means of centralized bidding transactions and the promotion of the company's" quality and efficiency and return "action plan" "A.

Tesco Sunshine Power Group Co., Ltd. on the repurchase of shares by means of centralized bidding transactions.

Progress of 2. share buybacks

According to the relevant provisions of the Rules on Share Repurchase of Listed Companies and the Shanghai Stock Exchange's Self-Regulatory Guidelines for Listed Companies No. 7-Repurchase of Shares, the Company shall disclose the progress of the repurchase as of the end of last month within the first three trading days of each month during the repurchase of shares. The progress of the company's repurchase is announced as follows:

In May 2024, the company through the Shanghai Stock Exchange trading system by centralized bidding trading method accumulated back.

187,605 shares, representing 0.01 per cent of the company's total share capital, were purchased at a maximum price of $12.00.

/share, the lowest price is 11.37 yuan/share, the total amount of funds paid is 2,247,644.61 yuan (excluding stamp duty, transaction commissions and other transaction fees).

As of May 31, 2024, the Company traded through centralized bidding through the Shanghai Stock Exchange trading system.

A total of 5,500,000 shares of the company were repurchased, accounting for 0.15 of the total share capital of the company. The highest price of the repurchase transaction was 12.00 yuan/share, the lowest price was 11.37 yuan/share, and the total amount of funds paid was 64,524,783.33 yuan (excluding stamp duty, transaction commission and other transaction fees). The repurchase of shares is in compliance with laws and regulations and the Company's share repurchase program.

3. other matters

The company will strictly follow the "Share Repurchase Rules for Listed Companies", "Shanghai Stock Exchange Listed Companies Self-Regulatory Guidelines No. 7-Share Repurchase" and other relevant regulations, and make repurchase decisions based on market conditions during the repurchase period. Implement it, and perform information disclosure obligations in a timely manner based on the progress of the repurchase of shares. Investors are kindly requested to pay attention to investment risks.

It is hereby announced.

Board of Directors of Ates Sunshine Power Group Co., Ltd.

June 4, 2024