Huaihe Energy: The issuance of shares and payment of cash for the purchase of assets and related transaction matters have been approved by the Shanghai Stock Exchange.

Huaihe Energy Announcement: The company intends to purchase 89.30% equity of Huaihe Energy Power Group Co., Ltd. held by its controlling shareholder Huainan Mining Limited Liability Company through the issuance of shares and cash payment. The M&A and Restructuring Review Committee of Shanghai Stock Exchange held the 17th review meeting for the year 2025 on November 5th, 2025 to review the application of the company's current transaction. According to the announcement of the results of the 17th review meeting of the Shanghai Stock Exchange M&A and Restructuring Review Committee in 2025 released by the M&A and Restructuring Review Committee, the result of this meeting is: the transaction meets the restructuring conditions and information disclosure requirements. This transaction still needs to be approved by the China Securities Regulatory Commission before it can be implemented after registration.