Board of Directors' Statement on the Transaction Constituting a Related Party Transaction, but Not Expected to Constitute a Major Asset Restructuring or a Restructuring and Listing

Tianhao Energy Co., Ltd. Board of Directors' Statement on the Transaction Constituting a Related Party Transaction, but Not Expected to Constitute a Major Asset Restructuring and Restructuring and Listing

Tianhao Energy Co., Ltd. (hereinafter referred to as the "Company" or "Listed Company") proposes to issue shares and pay cash to acquire 100.00% equity of Tianhao New Energy Co., Ltd. (hereinafter referred to as "Tianhao New Energy") and raise supporting funds (hereinafter referred to as the "Transaction").

According to the "Shenzhen Stock Exchange GEM Stock Listing Rules" and the "Administrative Measures for Major Asset Restructuring of Listed Companies," after careful review by the Board of Directors, the Transaction constitutes a related party transaction, but is not expected to constitute a major asset restructuring or a restructuring and listing. The specific situation is as follows:

(I) The Transaction Constitutes a Related Party Transaction