Simplified Equity Change Report (Transferor)

1. Basic Information

Listed Company Name: Jin Fang Energy Group Co., Ltd.
Listing Location: Shenzhen Stock Exchange
Stock Abbreviation: Jin Fang Energy
Stock Code: 001210

Information Disclosers

1. Yang Jianxun
   Address: Haidian District, Beijing ***********
2. Wei Cheng
   Address: Haidian District, Beijing ***********
3. Fu Ying
   Address: Haidian District, Beijing ***********
4. Ding Qi
   Address: Haidian District, Beijing ***********

Nature of Share Change

Share Reduction (Agreement Transfer)
Signing Date: January 4, 2026

2. Declaration of Information Disclosers

1. The information disclosers have prepared this equity change report in accordance with the Securities Law of the People's Republic of China, the Measures for the Administration of the Acquisition of Listed Companies, and the Guidelines for the Content and Format of Information Disclosure by Companies Issuing Securities No. 15 - Equity Change Report.
2. The information disclosers have obtained necessary authorization and approval for signing this report, and their actions do not violate any internal rules.
3. This report comprehensively discloses the changes in equity held by the information disclosers in Jin Fang Energy Group Co., Ltd. As of the signing date, no other changes in equity have occurred.
4. The equity change is based on the information contained in this report. The information disclosers have not authorized anyone else to provide information not included in this report.
5. This equity change requires compliance confirmation from the Shenzhen Stock Exchange and registration with China Securities Depository and Clearing Corporation Limited. There is uncertainty regarding the approval process and timing, and investors are advised to be aware of investment risks.
6. The information disclosers assure that this report contains no false records, misleading statements, or significant omissions, and they bear individual and joint legal responsibility for its authenticity, accuracy, and completeness.

3. Table of Contents

1. Definitions ....................................................... 4
2. Introduction of Information Disclosers .......................... 5
3. Purpose and Plan of Equity Change ................................ 7
4. Method of Equity Change .......................................... 8
5. Trading of Listed Company Shares in the Last Six Months .... 16
6. Other Significant Matters ......................................... 17
7. Documents for Reference ......................................... 18
8. Declaration of Information Disclosers ............................ 19
   Appendix to Simplified Equity Change Report ....................... 20

4. Definitions

Unless otherwise specified, the following definitions apply in this report:

• Information Disclosers: Yang Jianxun, Wei Cheng, Ding Qi, Fu Ying
• Transferee: Fuqiang Asset Management Co., Ltd. (representing "Fuqiang Asset Management Co., Ltd. - Quantum Power - R" QFI account) and Nengjing Capital Management Co., Ltd. (representing "Nengjing Capital Management Co., Ltd. - United Power Industrial Co., Ltd. - R" QFI account)
• Listed Company: Jin Fang Energy Group Co., Ltd. (Stock Code: 001210)
• This Report: Simplified Equity Change Report of Jin Fang Energy Group Co., Ltd.
• CSRC: China Securities Regulatory Commission
• Company Law: Company Law of the People's Republic of China
• Securities Law: Securities Law of the People's Republic of China
• Yuan: Renminbi, the legal currency unit of the People's Republic of China

5. Introduction of Information Disclosers

1. Basic Information of Information Disclosers

(1) Information Discloser One: Yang Jianxun

• Name: Yang Jianxun
• Gender: Male
• Nationality: China
• ID Number: 1101011963********
• Address: Haidian District, Beijing ***********
• Residence in Other Countries: No

(2) Information Discloser Two: Wei Cheng

• Name: Wei Cheng
• Gender: Male
• Nationality: China
• ID Number: 1101051970********
• Address: Haidian District, Beijing ***********
• Residence in Other Countries: No

(3) Information Discloser Three: Fu Ying

• Name: Fu Ying
• Gender: Female
• Nationality: China
• ID Number: 1101051962********
• Address: Haidian District, Beijing ***********
• Residence in Other Countries: No