Tianhao Energy Co., Ltd. Board of Directors' Explanation on Compliance with the ChiNext Listing Company Continuous Supervision Measures (Trial) Articles 18 and 21, and the Shenzhen Stock Exchange Listed Company Major Asset Restructuring Review Rules Article 8
Tianhao Energy Co., Ltd. (hereinafter referred to as the "Company" or "Listed Company") proposes to issue shares and pay cash to acquire 100.00% of the 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 analyzed whether the Transaction complies with the provisions of Article 18 and Article 21 of the "ChiNext Listing Company Continuous Supervision Measures (Trial)" (hereinafter referred to as the "Supervision Measures") and Article 8 of the "Shenzhen Stock Exchange Listed Company Major Asset Restructuring Review Rules" (hereinafter referred to as the "Review Rules"), and is of the opinion that:
I. The Transaction Complies with the Provisions of Article 18 of the "Supervision Measures" and Article 8 of the "Review Rules"