Jiangxi Jovo Energy Co.Ltd(605090) : Explanation on the absence of Article 13 of the guidelines for the supervision of listed companies No. 7 – supervision of abnormal trading of stocks related to major asset restructuring of Listed Companies in the relevant entities of this transaction

Clean energy service provider with value and creativity Jiangxi Jovo Energy Co.Ltd(605090)

As for the relevant subjects of this transaction, there is no guidance on the supervision of listed companies No. 7 – supervision of abnormal stock transactions related to major asset restructuring of listed companies

Article 13 description of the situation

Jiangxi Jovo Energy Co.Ltd(605090) (hereinafter referred to as “listed company”, “company” or ” Jiangxi Jovo Energy Co.Ltd(605090) “) intends to issue shares, convertible corporate bonds and pay cash to purchase 100% shares of Sentai energy held by 53 shareholders of Sichuan Yuanfeng Sentai Energy Group Co., Ltd. (hereinafter referred to as “Sentai energy”) such as new sources and Li Wanling. Meanwhile, the listed company plans to issue convertible corporate bonds to no more than 35 specific investors to raise supporting funds (hereinafter referred to as “this transaction”).

According to the provisions of Article 13 of the guidelines for the supervision of listed companies No. 7 – supervision of abnormal stock transactions related to major asset restructuring of listed companies, the company’s explanation on whether the relevant subjects of this transaction are not allowed to participate in the major asset restructuring of listed companies is as follows:

Up to now, the relevant subjects of this transaction have not been placed on file for investigation or investigation due to suspected insider trading related to this transaction, and there has been no administrative punishment by CSRC or criminal responsibility investigated by judicial organs according to law due to insider trading related to major asset restructuring in the last 36 months.

To sum up, the company believes that the relevant entities of this transaction are not allowed to participate in any major asset restructuring of Listed Companies in accordance with Article 13 of the guidelines for the supervision of listed companies No. 7 – supervision of abnormal stock transactions related to major asset restructuring of listed companies.

It is hereby explained.

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Clean energy service providers with value creativity (there is no text on this page, which is the seal page of Jiangxi Jovo Energy Co.Ltd(605090) on the absence of Article 13 of the guidelines for the supervision of listed companies No. 7 – supervision of abnormal stock transactions related to major asset restructuring of Listed Companies in the relevant entities of this transaction)

Jiangxi Jovo Energy Co.Ltd(605090) May 23, 2022

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