Guangdong Shaoneng Group Co.Ltd(000601) : Announcement on termination of planning for major asset restructuring

Stock abbreviation: Guangdong Shaoneng Group Co.Ltd(000601) Stock Code: Guangdong Shaoneng Group Co.Ltd(000601) No.: 2022009 Guangdong Shaoneng Group Co.Ltd(000601)

Announcement on termination of planning for this major asset restructuring

The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and are responsible for any false records, misleading statements or major omissions in the announcement Guangdong Shaoneng Group Co.Ltd(000601) (hereinafter referred to as “the company”) planned a major asset restructuring on April 4, 2022. Due to the uncertainty of relevant matters, in order to safeguard the interests of investors and avoid significant impact on the company’s share price, according to the relevant provisions of Shenzhen Stock Exchange, the trading of the company’s shares (Securities abbreviation: Guangdong Shaoneng Group Co.Ltd(000601) , securities code: Guangdong Shaoneng Group Co.Ltd(000601) ) will be suspended from the opening of the market on April 6, 2022.

1、 Basic information of major asset restructuring planned this time

(I) counterparty

The counterparty of this transaction is Shenzhen Hongpeng New Energy Technology Co., Ltd. (hereinafter referred to as “Shenzhen Hongpeng”), which is an enterprise controlled by Shenzhen jushenghua Co., Ltd. together with Shenzhen Hualitong Investment Co., Ltd., the largest shareholder of the company, and Shenzhen Hongpeng is a related party of the company.

(II) basic contents of planned major asset restructuring

The public offering of funds from Kunshan Energy Technology Co., Ltd. (hereinafter referred to as “Kunshan Innovation Technology Co., Ltd.”) or the suspension of the issuance of supporting funds from Kunshan Energy Technology Co., Ltd. (hereinafter referred to as “Kunshan Innovation Co., Ltd.”) began on February 2024.

Shenzhen Hongpeng, the counterparty of this transaction, and Shenzhen Hualitong Investment Co., Ltd., the largest shareholder of the listed company, are enterprises under the same control. According to the stock listing rules of Shenzhen Stock Exchange, this transaction constitutes a connected transaction.

2、 Relevant work during the company’s restructuring planning

(I) work done during restructuring planning

During the suspension period, the relevant parties negotiate, demonstrate and confirm the trading scheme. At the same time, the company has registered and declared the insider information involved in the transaction in accordance with the requirements of the administrative measures for major asset restructuring of listed companies and other relevant laws, regulations and normative documents, and issued a progress announcement of major asset restructuring every five trading days in accordance with relevant regulations, fulfilled the obligation of information disclosure, and prompted the uncertainty risk of this major asset restructuring.

(II) information disclosure obligations performed

On April 6 and April 13, 2022, the company disclosed the announcement of Guangdong Shaoneng Group Co.Ltd(000601) on planning to issue shares to purchase assets and raising supporting funds and related party transactions (No.: 2022006) and the progress of Guangdong Shaoneng Group Co.Ltd(000601) on planning to issue shares to purchase assets and raising supporting funds and related party transactions (No.: 2022007) on cninfo.com and securities times respectively.

3、 Reasons for termination of planning

After negotiation and communication, the relevant parties failed to reach an agreement, and there is great uncertainty in continuing to promote this transaction at this stage. In order to ensure the interests of all shareholders of the company and maintain market stability, according to the provisions of laws, regulations and normative documents such as the administrative measures for major asset restructuring of listed companies, after careful consideration, it is decided to terminate this major asset restructuring. 4、 Promise

The company promises not to plan any major asset restructuring within at least one month from the date of disclosure of this announcement.

The Company Apologizes for the inconvenience caused by the stock suspension to the majority of investors. Please understand.

5、 Securities resumption arrangement

Upon application, the trading of the company’s shares will resume from the opening of the market on April 20, 2022.

It is hereby announced.

Guangdong Shaoneng Group Co.Ltd(000601) board of directors April 19, 2022

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