Announcement on the Proposed Agreement Transfer of Shares by Controlling Shareholders and Actual Controllers

1. Stock Code: 001210
   Stock Abbreviation: Jin Fang Energy
   Announcement Number: 2026-001

Jin Fang Energy Group Co., Ltd. announces the proposed agreement transfer of shares by controlling shareholders, actual controllers, and their concerted actors.

The controlling shareholder, actual controller Yang Jianxun, and his concerted actors Wei Cheng, Fu Ying, and Ding Qi have signed share transfer agreements with 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).

1. Recently, Jin Fang Energy Group Co., Ltd. (hereinafter referred to as "the Company" or "the listed company") has been notified by its controlling shareholder and actual controller Yang Jianxun and his concerted actors Wei Cheng, Fu Ying, and Ding Qi about the signing of the share transfer agreements. Specifically:

   • Yang Jianxun intends to transfer 8,257,025 unrestricted circulating shares (5.27% of the total share capital) to Fuqiang Asset.
   • Wei Cheng, Fu Ying, and Ding Qi intend to transfer a total of 8,145,670 unrestricted circulating shares (5.19% of the total share capital) to Nengjing Capital.

2. This transaction does not involve a tender offer or related party transactions.

3. This transaction will not result in a change of control of the company and will not have a significant impact on the company's governance structure or ongoing operations.

4. The parties involved in this transaction will strictly comply with the "Interim Measures for the Administration of Share Reduction by Shareholders of Listed Companies" and the "Self-Regulatory Guidelines No. 18 for Listed Companies on the Shenzhen Stock Exchange - Share Reduction by Shareholders, Directors, and Senior Management," regarding restrictions on share reduction, information disclosure, and reduction limits. The transferees commit not to reduce the shares acquired through this agreement within twelve months after the completion of the transfer registration procedures.

5. This transaction is subject to compliance review by the Shenzhen Stock Exchange before the share transfer registration procedures can be processed by the Shenzhen branch of China Securities Depository and Clearing Co., Ltd. There is uncertainty regarding the final completion of this transaction, and investors are advised to pay attention to investment risks.

1. Overview of the Agreement Transfer

(1) Basic Information of the Agreement Transfer

Recently, the company received notifications from its controlling shareholder, actual controller, and their concerted actors regarding the signing of share transfer agreements with Fuqiang Asset and Nengjing Capital. Yang Jianxun will transfer 8,257,025 unrestricted circulating shares (5.27% of the total share capital) to Fuqiang Asset. Wei Cheng, Fu Ying, and Ding Qi will transfer a total of 8,145,670 unrestricted circulating shares (5.19% of the total share capital) to Nengjing Capital, with Wei Cheng transferring 3,316,145 shares (2.11%), Fu Ying transferring 2,787,427 shares (1.78%), and Ding Qi transferring 2,042,098 shares (1.30%). The total shares transferred in this transaction amount to 16,402,695 shares, with a transfer price of 15.42 RMB per share. The total transfer price amounts to 252,929,600 RMB.

As of the date of this announcement, the above shares have not yet undergone transfer registration. The shareholding situation of the parties involved before and after the transfer is as follows: