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Securities code: 002976 Securities abbreviation: Cheersson (22.450, 0.27, 1.22%) Announcement No. : 2020-002

Suzhou Cheersson Precision Industry Group Co., Ltd

Announcement on donation support to fight COVID-19

The board of directors and all directors of the Company guarantee that there is no false record, misleading statement or material omission in the contents of this announcement, and bear legal responsibility for the authenticity, accuracy and completeness of the contents in accordance with the law.

I. About donation

In the face of the severe COVID-19 situation across the country, Suzhou Cheersson Precision Industry Co., LTD. (hereinafter referred to as "The Company" or " Cheersson") has been actively engaged in epidemic prevention and control. While doing a good job in epidemic prevention and control, Suzhou Cheersson Has earnestly fulfilled its social responsibility as a listed company. Donate RMB 1 million to the Charity Federation of Suzhou Gaoxin district (4.860, -0.02, -0.41%) on March 6, 2020 to fight COVID-19.

According to the Listing Rules of Shenzhen Stock Exchange, the Articles of Association and other relevant provisions, this donation does not need to be submitted to the board of directors and the general meeting of shareholders for deliberation. This donation does not involve related transactions.

Second, the impact on the company

The donated funds of the Company come from the company's own funds, which will not have a significant impact on the company's current and future operating performance, nor will it damage the interests of minority shareholders, nor will it have a significant impact on the interests of the Company and investors. The company will continue to pay close attention to the changes of the epidemic, do a solid job in epidemic prevention and control, have the courage to shoulder social responsibilities, and work with all sectors of society to overcome the difficulties together, to provide more help to fight the epidemic.

Hereby announce.

Suzhou Cheersson Precision Industry Co. LTD

The board of directors

March 6, 2020

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