The Board of Directors of Tianhao Energy Co., Ltd. (hereinafter referred to as the "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").
The Company's Board of Directors has prudently assessed whether the Transaction complies with Article 4 of the "Regulatory Guidelines for Major Asset Restructuring by Listed Companies" (hereinafter referred to as the "Regulatory Guidelines") and believes that: