Securities Code: 000530; 200530 Security Abbreviation: Bingshan Cold & Heat; Bingshan B Announcement No.: 2023- 021

Iceberg Cold & Heat Technology Co., Ltd.

202 Announcement on the Implementation of the 2022 Annual Equity Distribution

Bingshan Cold & Heat Technology Co., Ltd. (the “Company”)’s 2022 annual profit distribution plan was approved at the Company’s 2022 Annual General Meeting held on May 25, 2023. Should the Company’s total share capital change prior to the implementation of the profit distribution, the distribution will be carried out on the principle that the total distribution amount remains unchanged. From the date of disclosure of the profit distribution plan to the date of its implementation, the Company’s total share capital has remained unchanged. The profit distribution plan being implemented this time is consistent with the distribution plan approved by the General Meeting. The period between the approval of the distribution plan by the General Meeting and its implementation does not exceed two months. The details of the profit distribution are hereby announced as follows:

I. Equity Distribution Plan

The Company’s 2022 annual profit distribution plan is as follows:

1. Based on the Company’s existing total share capital of 843,212,507 shares (including 601,712,507 A shares and 241,500,000 B shares), a cash dividend of RMB 0.10 per 10 shares will be distributed to all shareholders (inclusive of tax; after tax deduction, QFII and RQFII investors holding shares subject to share-reform lock-up or IPO lock-up, as well as individual investors and mutual funds holding such shares, will receive RMB 0.09 per 10 shares; for individual investors holding shares that are neither subject to share-reform nor IPO lock-up and are freely tradable, the dividend tax will be levied at a differentiated rate: initially RMB 0.10 per 10 shares will be paid, and following the record date, any additional tax due will be assessed based on the investor’s post-record-date share reductions and the actual holding period; with respect to mutual funds holding shares that are neither subject to share-reform nor IPO lock-up and are freely tradable, the dividend tax applicable to Hong Kong investors’ fund holdings will be levied at 10%, while the portion attributable to mainland investors’ fund holdings will be subject to a differentiated tax rateª; for non-resident enterprises other than QFII and RQFII, the Company will not withhold and remit income tax on their behalf; such tax shall be paid by the taxpayer in the jurisdiction where the income is earned; for B-share non-resident enterprises, the post-tax cash dividend will be RMB 0.09 per 10 shares, and the dividend tax for domestic (and overseas) individual shareholders will be levied at a differentiated rate: initially RMB 0.10 per 10 shares will be paid, and following the record date, any additional tax due will be assessed based on the investor’s post-record-date share reductions and the actual holding period.).

[Note: In accordance with the first-in, first-out principle, the holding period is calculated on a per-investor securities account basis. For holdings held for 1 month or less (inclusive), an additional tax of RMB 0.02 shall be paid for every 10 shares; for holdings held for more than 1 month but no more than 1 year (inclusive), an additional tax of RMB 0.01 shall be paid for every 10 shares; for holdings held for more than 1 year, no additional tax is required.]

The cash dividends distributed to B-share shareholders will be converted into Hong Kong dollars at the central parity rate of RMB against HKD published by the People’s Bank of China on the first business day following the date of the resolution of the General Meeting of Shareholders (May 26, 2023), which is HKD:RMB = 1:0.9031, in accordance with the provisions of the Company’s Articles of Association. Any additional taxes that may need to be withheld and remitted on behalf of individual B-share shareholders in the future will be calculated based on the aforementioned exchange rate.

II. Record Date and Ex-Dividend/Ex-Right Date

The record date for the A-share dividend distribution is July 6, 2023, and the ex-dividend and ex-rights date is July 7, 2023.

The last trading day for B shares in this equity distribution is July 6, 2023; the ex-dividend and ex-rights date is July 7, 2023; and the record date is July 11, 2023.

III. Recipients of the Equity Distribution

The recipients of this distribution are: all A-share shareholders of the Company whose names appear on the register maintained by the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited (hereinafter referred to as “ChinaClear Shenzhen”) as of the close of trading on the Shenzhen Stock Exchange on July 6, 2023; and all B-share shareholders of the Company whose names appear on the register maintained by ChinaClear Shenzhen as of the close of trading on the Shenzhen Stock Exchange on July 11, 2023 (with July 6, 2023, being the last trading day).

IV. Method of Equity Distribution

The cash dividends for A-share holders entrusted by our company to the Shenzhen Branch of China Securities Depository and Clearing Corporation will be directly credited to their securities accounts via their custodian securities firms (or other custodial institutions) on July 7, 2023.

Cash dividends for B-share holders will be directly credited to their securities accounts or bank custody accounts via their respective custodian securities firms or custodian banks on July 11, 2023. If a B-share holder arranges for the transfer of share custody on July 11, 2023, the cash dividend will still be paid through the original custodian securities firm or custodian bank.

The cash dividends for the following A-share shareholders will be distributed by the Company itself:

During the application period for the equity distribution (application date: June 29, 2023, to record date: July 6, 2023), if the cash dividends entrusted to China Securities Depository & Clearing Corporation Shenzhen Branch for distribution are insufficient due to a reduction in the number of shares held in the shareholder’s securities account, our company shall bear all legal liabilities and consequences arising therefrom.

V. Other Matters for Clarification

If any B-share shareholders who are neither domestic individual shareholders nor non-resident enterprises have had income tax withheld on their dividend payments, please contact the Company on or before July 31, 2023, and provide the relevant supporting documentation for verification. Upon confirmation of the validity of such cases, the Company will assist in refunding the withheld tax.

VI. Consultation Procedures

Consultation Address: Securities Regulatory Department of This Company

Contact for inquiries: Du Yu

Consultation Phone: 0086-411-87968822

Fax: 0086-411-87968125

VII. Supporting Documents for Review

1. Resolutions of the Company’s 2022 Annual General Meeting.

2. The Shenzhen Branch of China Securities Depository and Clearing Corporation has confirmed the document outlining the specific schedule for the distribution of equity interests.

Hereby announced.

Board of Directors of Iceberg Cold & Heat Technology Co., Ltd.

July 1, 2023