Securities Code: 000530; 200530 Securities Abbreviation: Bingshan Refrigeration & Heating; Bingshan B Announcement No.: 2021-048

Iceberg Cold & Heat Technology Co., Ltd.

Announcement of Resolutions Adopted at the 11th Meeting of the 8th Supervisory Board

I. Status of the Supervisory Board Meetings

1. Notice of this Supervisory Board meeting was issued in writing on December 14, 2021.

2. This meeting of the Supervisory Board was held on December 23, 2021, in the Company’s Third-Floor Conference Room, with voting conducted on-site.

3. The required number of supervisors to attend the meeting is three; all three supervisors attended in person.

4. This meeting of the Supervisory Board was chaired by Mr. Hu Xitang, Chairman of the Supervisory Board.

5. The convening of this meeting of the Supervisory Board complies with the provisions of applicable laws, administrative regulations, departmental rules, normative documents, and the Company’s Articles of Association.

II. Review of the Supervisory Board Meeting

1. Report on the Nominees for Shareholder-Representative Supervisors of the Company’s Ninth Supervisory Board.

List of shareholder representative candidates for the ninth session of the Company’s Supervisory Board: Dai Yuling and Li Sheng.

Approvals: 3; Opposites: 0; Abstentions: 0.

This proposal shall be submitted to the Company’s First Extraordinary General Meeting of 2022 for consideration. Upon approval by the General Meeting, the two shareholder-appointed supervisors mentioned above, together with Mr. Hu Xitang, the employee representative supervisor elected by the Conference of Employee Representative Leaders, will constitute the Company’s Ninth Supervisory Board. The term of the Ninth Supervisory Board shall be three years, commencing on the date of approval by the General Meeting.

The candidate hereby undertakes to accept this nomination, to ensure that the candidate information publicly disclosed by the company is true, accurate, and complete, and that the candidate meets all eligibility requirements; furthermore, the candidate commits to faithfully discharge all duties upon election.

III. Supporting Documents for Review

1. Resolution of the Supervisory Board signed by the attending supervisors

Supervisory Board of BingShan Cold & Heat Technology Co., Ltd.

December 24, 2021

Appendix 1: Resumes of Candidate Shareholder-Representative Supervisors for the Company’s Ninth Supervisory Board

1. Dai Yuling, female, born in 1978, graduated from Northeastern University of Finance and Economics, and holds the title of Senior Accountant. She currently serves as the Head of the Financial Management Department at Dalian Bingshan Group Co., Ltd. Since January 2019, she has also served as a supervisor of the company.

As of the date of this announcement, Ms. Dai Yuling does not hold any shares in the Company. She is not subject to any disqualifications for nomination as a supervisor and meets the eligibility requirements stipulated by applicable laws, regulations, and relevant rules; she has no affiliations with other shareholders holding more than 5% of the Company’s shares, nor with other directors, supervisors, or senior management personnel of the Company; she has never been penalized by the China Securities Regulatory Commission or other competent authorities, nor subjected to disciplinary sanctions by the stock exchange; she has not been placed under investigation by judicial authorities on suspicion of criminal activity, nor subjected to an investigation by the China Securities Regulatory Commission on suspicion of violations of laws or regulations; and she is not a person who has been listed as a discredited judgment debtor.

2. Li Sheng, male, born in 1980, graduated from Dalian University of Technology. He currently serves as the Head of the Company’s Financial Management Department. Since May 2020, he has held the position of Supervisor of the Company.

As of the date of this announcement, Mr. Li Sheng does not hold any shares in the Company. He is not subject to any disqualifications for nomination as a supervisor and meets the eligibility requirements stipulated by applicable laws, regulations, and relevant rules; he has no affiliations with shareholders holding more than 5% of the Company’s shares, nor with other directors, supervisors, or senior management personnel of the Company; he has never been penalized by the China Securities Regulatory Commission or other competent authorities, nor subjected to disciplinary sanctions by the stock exchange; he has not been placed under investigation by judicial authorities on suspicion of criminal activity, nor subjected to an investigation by the China Securities Regulatory Commission on suspicion of violations of laws or regulations; and he is not a person who has been listed as a discredited party subject to enforcement.

Appendix 2: Resumes of Employee-Representative Supervisors on the Company’s Ninth Supervisory Board

Hu Xitang, male, born in 1968, is a graduate of Nanjing University of Science and Technology and holds the title of Senior Engineer. He currently serves as the Chairman of the Company’s Trade Union. Since January 2019, he has also served as the Chairman of the Company’s Supervisory Board.

As of the date of this announcement, Mr. Hu Xitang does not hold any shares in the Company. He meets the eligibility requirements stipulated by applicable laws, regulations, and relevant rules; he has no affiliations with shareholders holding more than 5% of the Company’s shares, nor with other directors, supervisors, or senior management personnel of the Company; he has never been subject to penalties imposed by the China Securities Regulatory Commission or other competent authorities, nor to disciplinary sanctions by stock exchanges; he has not been placed under investigation by judicial authorities on suspicion of criminal activity, nor has he been subject to an investigation by the China Securities Regulatory Commission for alleged violations of laws or regulations; and he is not a discredited person subject to enforcement.