Boss's suggestive announcement on changes in equity

**Abstract** The Company and all members of the Board of Directors guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or material omissions. Special Note: This change in equity did not result in any changes to the company’s controlling shareholder or actual controller. I. Basic Situation of This Equity Change On June 24, 2014, Boshen Tools Co., Ltd. (hereinafter referred to as “the Company”) received a notice from Mr. Chen Huairong, one of the largest shareholders and actual controllers of the Company, regarding the reduction of shares. On June 23, 2014, Mr. Chen Huairong sold 1.5 million shares through block trading on the Shenzhen Stock Exchange, representing 0.67% of the total share capital of the Company. After this reduction, the controlling shareholder and actual controller of the Company, Mr. Chen Huairong, along with Ms. Lu Guiqin, Mr. Cheng Hui, Mr. Ren Jingjian, Ms. Zhang Shuyu, and their concerted action parties, Ms. Tian Jinhong and Mr. Pang Jianhua, had reduced a total of 12,694,600 shares between January 7, 2013, and June 23, 2014, accounting for 5.63% of the total share capital. II. Specific Details of This Equity Change 1. Shareholders Reducing Their Holdings [Image: A table showing the reduction ratio and related data] *Note: The vertical summing of the data in the “Reduce Ratio” column may be due to rounding. Similar notes apply to subsequent tables.* 2. Information Disclosure Obligations Among the parties responsible for information disclosure, Mr. Chen Huairong, Ms. Lu Guiqin, Mr. Cheng Hui, Mr. Ren Jingjian, and Ms. Zhang Shuyu are the actual controllers of the Company. Mr. Chen Huairong is the Chairman of the Company, while Ms. Lu Guiqin serves as the Chairman of the Board of Supervisors. Mr. Cheng Hui, Mr. Ren Jingjian, and Ms. Zhang Shuyu are directors, collectively forming joint control over the Company. Ms. Tian Jinhong is the wife of Mr. Chen Huairong, and Mr. Pang Jianhua is the husband of Ms. Lu Guiqin, both acting in concert with the actual controllers. 3. Pre- and Post-Equity Change Information Disclosure [Image: A table showing pre- and post-reduction shareholding details] Since being listed on the market on August 21, 2009, the actual controllers and their concerted parties have seen their shareholding decrease from 60.81% to 55.18%, a reduction of 5.63%. This change exceeded the 5% threshold, triggering additional reporting obligations. After the reduction, the actual controllers—Mr. Chen Huairong, Ms. Lu Guiqin, Mr. Cheng Hui, Mr. Ren Jingjian, and Ms. Zhang Shuyu—held a total of 124,290,900 shares, representing 55.14% of the total share capital. The actual controller of the Company has not changed. III. Commitments and Performance During the initial public offering, the actual controllers of the Company, including Mr. Chen Huairong, Ms. Lu Guiqin, Mr. Cheng Hui, Mr. Ren Jingjian, Ms. Zhang Shuyu, as well as their related shareholders Ms. Tian Jinhong and Mr. Pang Jianhua, made the following commitments: For 36 months after the listing of the Company's shares, they would not transfer or entrust others to manage the shares they held, nor would they acquire additional shares. Additionally, during their tenure as directors, supervisors, or senior executives, they would not transfer more than 25% of their shares annually. After leaving the Company, they would not trade any shares within six months. In addition to these lock-up commitments, no further restrictions were imposed on the shares. The reduction of shares through the stock exchange system over a six-month period was less than 5% of the total share capital, and there was no violation of the lock-up commitments. IV. Other Relevant Instructions 1. This reduction violated Article 13 of the "Measures for the Administration of the Acquisition of Listed Companies." According to the regulation, when an investor and its concerted actors reach 5% of the issued shares of a listed company, they must prepare an equity change report within three days, submit a written report to the China Securities Regulatory Commission (CSRC), and notify the listed company. During the reporting period, no further trades may be made. Additionally, if the shareholding of an investor and its concerted actors increases or decreases by 5%, they must report and announce the change accordingly. During the reporting period and within two days after the report or announcement, no further trading of the company's shares is allowed. 2. This also violated the "Shenzhen Stock Exchange Listing Rules" Article 11.8.1, which requires shareholders whose interests in a listed company exceed 5% of the issued shares, as well as their actual controllers, to comply with the requirements of the Securities Law and the Measures for the Administration of the Acquisition of Listed Companies. They must fulfill their reporting and announcement obligations and promptly notify the Company to issue a notice. For detailed information on the equity changes, please refer to the “Simplified Equity Change Report” published by the information disclosure obligor at [http://...]. V. Supporting Documents 1. The Company's explanation regarding the reduction of shares by relevant shareholders. 2. The Company's brief equity change report. **Special Announcement** Boshen Tools Co., Ltd. June 25, 2014

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