On behalf of GFC elevator Co., Ltd. to announce the completed of registration change.

 On behalf of GFC elevator Co., Ltd.
to announce the completed of registration change.

1.Date of the competent authority's approval of capital
reduction:2022/03/14
2.Date of completion of capitalization change registration:2022/03/14
3.Effect on the financial statements (including any
discrepancy between the amount of paid-in capital and
the no.of shares outstanding, and the effect on net
worth per share):
The original share capital was RMB 119,348,000
The share capital after the capital reduction is RMB 99,348,000
The effect on net worth per share :NA
4.Plan for expected exchange of shares:NA
5.Estimated no.of listed common shares after capital
 reduction and new issue:NA
6.Estimated no.of listed
common shares as a percentage
of issued common shares after capital reduction and
new issue (No.of common
shares  after capital reduction/No.of  issued
 common shares):NA
7.Countermeasures for poor circulation of equity if the
aforesaid estimated no.of
listed common shares does
not reach 5 million shares
 and the percentage does not
reach 25% after capital
reduction:NA
8.Any other matters that need
 to be specified:
Announcement the approval by relevant authority for capital reduction and
change registration on behalf of GFC's material subsidiary on
March 16, 2022