Tbea Co.Ltd(600089) : the construction of Xingtang 200MW photovoltaic project has been stopped. I sincerely apologize to the villagers, investors and the society

6 Henan Shuanghui Investment & Development Co.Ltd(000895) announced on May 22 that recently, the company was concerned about the media reports on the photovoltaic power generation project of Xingtang County xingte new energy Co., Ltd., the fourth level subsidiary of the company. The description is as follows: Xingtang 200MW photovoltaic project is invested and built by Xingtang company, the fourth level subsidiary of the company, and the project filing, environmental assessment, land and other procedures are legal and compliant. In the process of promoting the project, there are some problems, such as inadequate mass work, non-standard contract signing procedures, lack of supervision, construction violations and so on. At present, the construction of the project has been stopped. Relevant departments have filed an investigation on the crime of suspected sabotage of production and operation during the construction of Xingtang company, and taken compulsory measures of criminal detention for the project leader according to law, but the relevant investigation has not been completed.

After the above events, the company has established a special working group to properly handle the follow-up matters of Xingtang 200MW photovoltaic project in accordance with the law and regulations, and actively rectify the problems existing in the construction process; Further investigate relevant problems and hold relevant responsible persons accountable. The project is still in the early stage of construction, with less capital investment. The event has little impact on the operation of the company. However, the incident had a certain negative impact on the society. The company sincerely apologized to the villagers, the majority of investors and the society.

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