Jiangxi Jovo Energy Co.Ltd(605090) : description of assets purchased and sold within 12 months before this transaction

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

Description of assets purchased and sold within 12 months before this transaction

Jiangxi Jovo Energy Co.Ltd(605090) (hereinafter referred to as “listed company”, “company” or ” Jiangxi Jovo Energy Co.Ltd(605090) “) plans to issue shares, convertible corporate bonds and pay cash to 53 shareholders of Sichuan Yuanfeng Sentai Energy Group Co., Ltd. (hereinafter referred to as “Sentai energy”) such as newsources and Li Wanling to purchase 100% shares of Sentai energy held by them. 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 the measures for the administration of major asset restructuring of listed companies (hereinafter referred to as the “measures for the administration of restructuring”), 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. Asset transactions that have prepared and disclosed a major asset restructuring report in accordance with the provisions of the reorganization management measures need not be included in the scope of cumulative calculation. If the CSRC has other provisions on the cumulative period and scope of major asset restructuring specified in paragraph 1 of Article 13 of the reorganization management measures, 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.

As of the signing date of this note, the assets purchased and sold by the company in the 12 months before this transaction are as follows:

1. On June 4, 2021, the company held the 8th meeting of the second board of directors, deliberated and approved the proposal on signing the contract for the purchase and construction of LPG carrier, and agreed to sign a contract for the construction of LPG carrier with China Cssc Holdings Limited(600150) Industrial Trade Co., Ltd. and Jiangnan Shipbuilding (Group) Co., Ltd., a wholly-owned overseas subsidiary of the company, with a total contract price of 78.88 million US dollars.

2. On April 11, 2022, the company held the 17th meeting of the second board of directors, deliberated and approved the proposal on purchasing 28% equity of Sichuan Huayou Zhonglan Energy Co., Ltd., and agreed to purchase 28% equity of Sichuan Huayou Zhonglan Energy Co., Ltd. at a transaction price of RMB 225786652 million. The above transactions do not constitute related party transactions, nor do they constitute major asset restructuring matters stipulated in the administrative measures for major asset restructuring of listed companies.

The above asset purchases belong to the continuous purchase and sale of the same or related assets, so they are included in the cumulative calculation scope of this transaction.

In addition to the above transactions, as of the issuance date of this note, the listed company has not purchased or sold other assets within 12 months before this transaction.

It is hereby explained.

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Clean energy service provider with value creativity (this page has no text, which is the seal page of Jiangxi Jovo Energy Co.Ltd(605090) instructions on purchasing and selling assets within 12 months before this transaction)

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

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