Announcement on Trading Suspension Due to Planning of a Change in Control

About this update from Ningbo Shimao Energy Co., Ltd. Class A

Announcement on Trading Suspension Due to Planning of a Change in Control As the Controlling Shareholder of Ningbo Shimao Energy Co., Ltd. Ningbo Shimao Investment Holding Co., Ltd. and the Actual Controller are currently planning a share transfer that may lead to a change in the company's control, and in accordance with relevant regulations, the company has applied to the Shanghai Stock Exchange. The company's shares will be suspended from trading at the market open on January 12, 2026, and further suspended from trading at the market open on January 13, 2026, with the expected (accumulative) suspension period not exceeding two trading days.The abstract is for reference only. Please refer to the full text of the announcement on the very day.Link of Full Text for Reference:View Attachment

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