Ningbo Energy Group Co.Ltd(600982) : Ningbo Energy Group Co.Ltd(600982) risk warning announcement

Securities code: Ningbo Energy Group Co.Ltd(600982) securities abbreviation: Ningbo Energy Group Co.Ltd(600982) Announcement No.: pro 2022007 Ningbo Energy Group Co.Ltd(600982)

Risk warning announcement

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

Risk tips:

The company's shares have been trading for three consecutive trading days since February 24, 2022. The company has issued an announcement of abnormal fluctuations in stock trading on February 26, 2022. Now the relevant risks are solemnly reminded as follows to remind investors to make rational choices, improve risk awareness and avoid blindly following the trend:

Secondary market transaction risk. 1. On February 24, February 25 and February 28, 2022, the stock range of the company increased by 33.18%, with a large increase; 2. On February 24, February 25 and February 28, 2022, the cumulative turnover rate of the company's shares was 69.95%, significantly higher than the previous turnover rate of the company. There is no significant change in the company's main business. The company is mainly engaged in cogeneration, biomass power generation, pumped storage and comprehensive energy services, as well as financial investment related to energy. So far, the main business has not changed. Other possible risks. The two letters of intent on cooperation recently signed by the company do not constitute the basis for the signatories to investigate each other's liability for breach of contract, and there are major uncertainties in the implementation of the two pumped storage projects involved

Ningbo Energy Group Co.Ltd(600982) (hereinafter referred to as "the company") shares rose for three consecutive trading days on February 24, February 25 and February 28, 2022. The company has issued an announcement of abnormal fluctuations in stock trading on February 26, 2022. Recently, the company's stock fluctuates greatly. The company solemnly reminds investors that they should fully understand the stock market risks and pay attention to the trading risks in the secondary market.

1、 Secondary market transaction risk

The company's stock price rose for three consecutive trading days. As of the closing on February 28, 2022, the company's closing price was 5.90 yuan. On February 24, February 25 and February 28, 2022, the range of three consecutive trading days increased by 33.18%, with a large increase. The cumulative turnover rate for three consecutive trading days was 69.95%, significantly higher than the previous turnover rate of the company. Please invest rationally and pay attention to risks.

2、 There is no significant change in the company's main business

The company is mainly engaged in cogeneration, biomass power generation, pumped storage and comprehensive energy services, as well as financial investment related to energy. So far, the main business has not changed. Please invest rationally and pay attention to risks.

3、 Other possible risks

The company issued the announcement of Ningbo Energy Group Co.Ltd(600982) on signing the letter of intent on Cooperation (Announcement No.: pro 2021060) on November 16, 2021. The company signed the letter of intent on construction of Haishu Longguan pumped storage power station project with the people's Government of Haishu District, Ningbo on November 15, 2021. As of the date of this announcement, the projects involved in the letter of intent on cooperation have not made substantial progress, There are still major uncertainties in the implementation of the project.

On March 1, 2022, the company issued the announcement of Ningbo Energy Group Co.Ltd(600982) on signing the letter of intent for cooperation (Announcement No.: pro 2022006). The company signed the letter of intent for investment and construction of Ningbo Fenghua pumped storage power station project with Ningbo Fenghua District People's government and Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) Group East China survey, design and Research Institute Co., Ltd, The letter of intent for cooperation is only an intentional agreement reached by the three parties through friendly negotiation and does not constitute a basis for both parties to investigate the liability for breach of contract, and there are major uncertainties in the implementation of the involved projects. The company solemnly reminds investors that the company's information can be found on the website of Shanghai Stock Exchange (www.sse. Com. CN.) And the relevant announcements published in Shanghai Securities News, the information disclosure media designated by the company. The capital market is affected by many factors. The company solemnly reminds investors that they should fully understand the risks of the stock market, pay attention to the trading risks of the secondary market, make prudent decisions, invest rationally, improve risk awareness, avoid blindly following the trend and pay attention to investment risks.

It is hereby announced.

Ningbo Energy Group Co.Ltd(600982) board of directors March 1, 2022

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