Inner Mongolia Dian Tou Energy Corporation Limited announced that it has entered into a share subscription agreement of not more than 576,472,047 A shares at an issuance price of not less than 80% of the average price in the 20 trading days before the pricing reference date for gross proceeds of not more than CNY 4,000,000,000 on May 12, 2022. The transaction will include participation no more than 35 specific investors including returning investor CPI Mengdong Energy Group Co., Ltd for not less than CNY 1,600,000,000. The pricing benchmark date of the issuance shall be the first day of the issue period of the issuance, and the issue price shall not be lower than 80% of the average trading price of the company's A shares for the 20 trading days immediately preceding the pricing benchmark date.

The number of A shares to be issued under the issuance shall not exceed 30% of the total share capital of the company prior to the issuance. The transaction has been approved in the fourth meeting of the seventh board of directors. The transaction is subject to approval of shareholders and by the China Securities Regulatory Commission.

The securities issued to CPI Mengdong Energy Group Co., Ltd. cannot be transferred within 18 months from the issuance closing date. The shares issued to other investors cannot be transferred within 6 months from the issuance closing date.