1. Company Information
Listed Company Name: Jin Fang Energy Group Co., Ltd.
Listing Location: Shenzhen Stock Exchange
Stock Abbreviation: Jin Fang Energy
Stock Code: 001210
Information Disclosing Obligor: Powership Capital Management Limited (using “Powership Capital Management Limited - United Power Industrial Co., Ltd. - R” QFI account)
Address: Room 2068, 20th Floor, International Finance Centre Phase I, Central, Hong Kong
Nature of Share Change: Increase in shares (Agreement Transfer)
Signing Date: January 4, 2026
2. Statement of Information Disclosing Obligor
- The information disclosing obligor has prepared this equity change report in accordance with the Securities Law of the People's Republic of China, the Measures for the Administration of Acquisitions of Listed Companies, and the Guidelines for the Content and Format of Information Disclosure by Companies Issuing Securities to the Public No. 15 - Equity Change Report.
- The information disclosing obligor has obtained the necessary authorization and approval to sign this report, and its execution does not violate any provisions of its internal rules or conflict with them.
- This report has fully disclosed the changes in equity held by the information disclosing obligor in Jin Fang Energy Group Co., Ltd. As of the signing date of this report, the information disclosing obligor has not increased or decreased its equity in Jin Fang Energy Group Co., Ltd. through any other means apart from what is disclosed in this report.
- This equity change is based on the information contained in this report. The information disclosing obligor has not entrusted or authorized any other person to provide information not listed in this report or to make any interpretations or explanations regarding this report.
- This equity change still requires compliance confirmation from the Shenzhen Stock Exchange and the completion of share transfer registration procedures with China Securities Depository and Clearing Corporation Limited. There is a certain degree of uncertainty regarding whether this equity change can be approved by the relevant departments and the time required for approval; investors are advised to pay attention to investment risks.
- The information disclosing obligor commits that this report does not contain false records, misleading statements, or major omissions, and assumes individual and joint legal responsibility for its authenticity, accuracy, and completeness.
3. Purpose and Plan of Equity Change
- Purpose of this equity change: This equity change is based on the transferor's investment planning and support for the long-term stable development of the listed company. Introducing qualified foreign investors (QFI) who adhere to long-term and value investment principles through agreement transfer will help optimize the company's equity structure and governance. The transferee (QFI) recognizes the investment value and development prospects of the listed company through in-depth research and analysis, leading to this strategic investment. This transaction is expected to bring positive capital market effects to the listed company and enhance investor confidence.
- Whether the information disclosing obligor intends to continue increasing its equity in the listed company within the next 12 months: As of the signing date of this report, apart from this equity change, the information disclosing obligor has no plans to further increase its holdings in the listed company within the next 12 months. If any related equity change occurs in the future, the information disclosing obligor will strictly fulfill its information disclosure obligations in accordance with relevant laws and regulations.