Foran Energy Group (002911.SZ) independent director Zhou Linbin's relatives engage in short-term trading and apologize.

Foran Energy Group (002911.SZ) announcement, the company learned that the son of the independent director Zhou Linbin, Zhou Xiang, traded the company's stock through centralized bidding from September 30, 2024 to October 9, 2024, engaging in short-term trading. Upon learning of this, the company immediately contacted the independent director Zhou Linbin and his son Zhou Xiang to verify. It was found that Zhou Linbin had failed to inform his son Zhou Xiang about his own employment situation, leading Zhou Xiang to mistakenly believe that his father Zhou Linbin would no longer continue to serve as an independent director after the completion of his term at the fifth board meeting, and therefore traded the stocks without his father's knowledge. After Zhou Linbin confirmed that he did not disclose any undisclosed material insider information about the company or its operations to Zhou Xiang, and did not provide investment advice, it was determined that Zhou Xiang's trading behavior was based on his own judgment and not seeking benefits from insider information. Zhou Linbin confirmed that the company had explicitly informed him of the prohibition of short-term trading, and he deeply regretted not fulfilling his duty to remind and supervise Zhou Xiang in a timely manner. According to regulations, any profits from Zhou Xiang's trading belong to the company, but as this trade resulted in a loss of 371 yuan, there is no profit to be handed over. Therefore, there is no situation of profit-sharing in this case.