Board of directors of Huaihe Energy (Group) Co.Ltd(600575) (Group) Co., Ltd
Explanation on the fluctuation of the company’s stock price within 20 trading days before the first announcement date of this transaction
Huaihe Energy (Group) Co.Ltd(600575) (Group) Co., Ltd. (hereinafter referred to as “the company”) plans to absorb and merge Huainan Mining (Group) Co., Ltd. and related party transactions (hereinafter referred to as “the transaction”) by issuing shares, convertible corporate bonds (if any) and paying cash to all shareholders of Huainan Mining (Group) Co., Ltd. According to the requirements of relevant laws and regulations, the board of directors of the company conducted a self-examination on the fluctuation of the company’s stock price within 20 trading days before the first announcement date of this transaction, and the results are as follows:
The trading of the company’s shares has been suspended since February 8, 2022 due to the planning of major asset restructuring and related party transactions. The closing price of the company’s shares on the trading day before the first announcement date of this transaction (February 7, 2022) is 2.61 yuan / share, and the closing price on the 21st trading day before the first announcement date (December 31, 2021) is 2.40 yuan / share. Within 20 trading days before the first announcement date of this transaction, the closing price of the company’s shares has increased by 8.75%.
Within 20 trading days before the first announcement date of this transaction, the cumulative increase of Shanghai Stock Index (00000 1. SH) was – 5.77%; The cumulative increase of energy index (882001. WI) related to the company was 0.64%, as follows:
21 trading days before the suspension of the project (December 31, 2021) (February 7, 2022)
Closing price of the company’s shares (yuan / share) 2.40 2.61 8.75%
Shanghai Composite Index (00000 1. SH) 3639.78 3429.58 – 5.77%
Energy index (882001. WI) 2835.50 2853.67 0.64%
Excluding the impact of market factors, the rise and fall range was 14.52%
Excluding the impact of the same industry sector, the rise and fall was 8.11%
The company’s stock price rose by 8.75% in the 20 trading days before the first announcement date of this transaction, 14.52% in this range after excluding the influence of market factors, and 8.11% in this range after excluding the influence of industry sector factors. The above stock prices of the company excluding market factors and industry sector factors did not rise or fall by more than 20%, which did not constitute abnormal fluctuations.
In conclusion, after excluding the influence of market factors in the same period and sector factors in the same industry in the same period, the cumulative rise and fall of the company’s share price within 20 trading days before the release of this trading information did not exceed 20%, which did not constitute abnormal fluctuation. It is hereby explained.
(there is no text on this page, which is the signature page of the instructions of the board of directors of Huaihe Energy (Group) Co.Ltd(600575) (Group) Co., Ltd. on the fluctuation of the company’s stock price within 20 trading days before the first announcement date of this transaction)
Board of directors of Huaihe Energy (Group) Co.Ltd(600575) (Group) Co., Ltd. (seal) February 21, 2022
