600575: Huaihe Energy (Group) Co.Ltd(600575) description of the board of directors on the purchase and sale of assets within 12 months before the transaction

Board of directors of Huaihe Energy (Group) Co.Ltd(600575) (Group) Co., Ltd

Description of assets purchased and sold within 12 months before 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. The board of directors of the company explained the purchase or sale of assets within 12 months before the transaction as follows:

According to Article 14 of the measures for the administration of major asset restructuring of listed companies: "If a listed company purchases or sells the same or related assets continuously within 12 months, the corresponding amount shall be calculated based on the cumulative amount. The asset transaction that has prepared and disclosed the report on major asset restructuring in accordance with the provisions of these measures need not be included in the scope of cumulative calculation. The cumulative period of major asset restructuring stipulated by the CSRC in paragraph 1 of Article 13 of these measures If the limits and scope are otherwise specified, such provisions shall prevail. The underlying assets of the transaction are owned or controlled by the same transaction party, or belong to the same or similar business scope, or under other circumstances recognized by the CSRC, they can be recognized as the same or related assets. "

According to the foregoing provisions, the company did not purchase or sell the same or related assets as the subject assets of this transaction within 12 months before this transaction.

It is hereby explained.

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(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 purchase and sale of assets within 12 months before this transaction)

Board of directors of Huaihe Energy (Group) Co.Ltd(600575) (Group) Co., Ltd. (seal) February 21, 2022

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