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Legal Opinion on Jin Fang Energy Group's 2026 First Extraordinary Shareholders' Meeting

Jinfang Energy Co., Ltd.·

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JunHe LLP issued a legal opinion regarding the First Extraordinary General Meeting of Shareholders of Jin Fang Energy Group Co., Ltd. scheduled for January 21, 2026. The meeting will be convened by the board of directors, with 80 shareholders representing 54.7381% of total shares participating. The opinion confirms that the meeting's procedures, attendee qualifications, and voting methods comply with relevant laws and regulations. A key proposal regarding fundraising investment projects was approved with 99.9341% of votes in favor.

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20th Floor, China Resources Tower, No. 8 Jianguomen North Street, Beijing
Postal Code: 100005
Phone: (86-10) 85191300
Fax: (86-10) 85191350
junhebj@junhe.com
JunHe LLP, Beijing

Legal Opinion on the First Extraordinary General Meeting of Shareholders of Jin Fang Energy Group Co., Ltd. in 2026
To: Jin Fang Energy Group Co., Ltd.

JunHe LLP (hereinafter referred to as "this Firm") is entrusted by Jin Fang Energy Group Co., Ltd. (hereinafter referred to as "the Company") to issue this legal opinion in accordance with the relevant provisions of the Company Law of the People's Republic of China (hereinafter referred to as "the Company Law"), other laws, regulations, rules, the Articles of Association of Jin Fang Energy Group Co., Ltd. (hereinafter referred to as "the Articles of Association"), and the Rules of Procedure for Shareholders' Meetings of Jin Fang Energy Group Co., Ltd. (hereinafter referred to as "the Rules of Procedure"). This opinion pertains to matters related to the Company's first extraordinary general meeting of shareholders in 2026 (hereinafter referred to as "this Meeting").

This legal opinion only addresses the legality of the convening and holding procedures of this Meeting, the qualifications of the attendees, the qualifications of the convener, whether the voting procedures comply with relevant Chinese laws, regulations, and the Articles of Association, and the legality and validity of the voting results. It does not express opinions on the content of the proposals reviewed at this Meeting or the truthfulness, accuracy, or legality of the facts or data expressed in such proposals.

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Legal Opinion on Jin Fang Energy Group's 2026 First Extraordinary Shareholders' Meeting — Jinfang Energy Co., Ltd. | SZSE Releases