601619: Ningxia Jiaze Renewables Corporation Limited(601619) explanation of the board of directors on the fluctuation of the company's share price before the announcement of the restructuring information

Ningxia Jiaze Renewables Corporation Limited(601619) board of directors

Explanation on the fluctuation of the company's share price before the announcement of the restructuring information Ningxia Jiaze Renewables Corporation Limited(601619) (hereinafter referred to as "the company" or "listed company") intends to purchase 22.7009% of the partnership share of Ningxia ningbai Industrial Investment Fund (limited partnership) (hereinafter referred to as "ningbai fund") held by Shanghai Electric Group Company Limited(601727) Investment Co., Ltd. by paying cash; Meanwhile, Hainan Kaixian Private Equity Fund Management Co., Ltd., the holding subsidiary of the listed company, plans to purchase 0.0463% of the partnership share of ningbai fund held by Ningxia Kaixian Capital Management Co., Ltd. (hereinafter referred to as "this restructuring") by paying cash.

The trading of the company's shares in this restructuring has not been suspended. After the closing on December 10, 2021, the company disclosed the suggestive announcement on competing for some shares of Ningxia ningbai Industrial Investment Fund (limited partnership) and constituting a major asset restructuring. According to the above provisions, the company has compared the stock price fluctuations in the 20 trading days before the publication of sensitive and important information of stock price (i.e. from November 15, 2021 to December 10, 2021), as well as the fluctuations of main board composite index and industry index during this period. The comparison is as follows:

Date Ningxia Jiaze Renewables Corporation Limited(601619) share price Shanghai Composite Index wind power (yuan / share) (point) index (point)

November 15, 2021 5.26 2763.90 3248.48

December 10, 2021 5.48 2817.98 3423.01

Rise and fall (%) 4.18% 1.96% 5.37%

The company's share price rose by 4.18% during the above period. After excluding the influence of market factors and industry sector factors, the company's share price rose or fell by 2.23% and - 1.19% respectively in the 20 trading days before the first disclosure of the restructuring, none of which exceeded 20%.

To sum up, after excluding the influence of market factors and industry sector factors respectively, the cumulative increase of the company's shares in the 20 trading days before the release of sensitive and significant information of stock price did not exceed 20%, and there was no abnormal fluctuation.

It is hereby explained.

Ningxia Jiaze Renewables Corporation Limited(601619) board of directors

January 18, 2002

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