LIAONING ENERGY INDUSTRY Co.,LTD (SHSE:600758) agreed to acquire 100% of the shares of Liaoning Clean Energy Group Co., Ltd from Liaoning Energy Investment (Group) Co., Ltd., Ganghua Energy Investment Co., Ltd., Liaoning Haitong New Energy Low-Carbon Industry Equity Investment Fund Co., Ltd. and others for CNY 1.7 billion on November 10, 2022. Under the terms, LIAONING ENERGY INDUSTRY will issue 473.288 million shares for the acquisition. For the year ended, September 30, 2022, Liaoning Clean Energy Group Co., Ltd. total asset is CNY 3950.76 million and owners equity is CNY 2148.90 million. The transaction was approved by 23rd meeting of the 10th board of directors of LIAONING ENERGY INDUSTRY Co.,LTD, by the general meeting of shareholders. The State-owned Assets Supervision and Administration Department approves the official plan of the transaction and also approved by the China Securities Regulatory Commission. As of March 30, 2023, Liaoning Energy received notice on Accepting the Application of Liaoning Energy Industry Co., Ltd. to Issue Shares to Purchase Assets and Raise Supporting Funds (Shangzheng Shangshen (merger and acquisition and restructuring) (2023) no. 7) from Shanghai Stock Exchange and issuance of shares to purchase assets and raising of supporting funds and related transactions still needs to be submitted to Shanghai Stock Exchange for review and approval and must be reported to China Securities Regulatory Commission for registration.

China Securities Co., Ltd. acted as financial advisor, Junhe Law Offices acted as legal advisor and Wuyige Certified Public Accountants LLP acted as an accountant to LIAONING ENERGY INDUSTRY Co.,LTD.

LIAONING ENERGY INDUSTRY Co.,LTD (SHSE:600758) cancelled the acquisition of Liaoning Clean Energy Group Co., Ltd from Liaoning Energy Investment (Group) Co., Ltd., Ganghua Energy Investment Co., Ltd., Liaoning Haitong New Energy Low-Carbon Industry Equity Investment Fund Co., Ltd. and others on November 29, 2023.