Fu Neng Shares (600483): Progress In The Implementation Phase Of Issuing Shares To Buy Assets And Related Party Transactions

Convertible bond Code: 110048 convertible bonds referred to as: Fu Neng convertible bond conversion code: 190048 referred to as shares: fortune to equity swap.

Fujian Fu Neng Limited by Share Ltd progress announcement on issuing shares to purchase assets and related party transactions

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or major omission in the contents of this announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

Fujian Fuyang Limited by Share Ltd (hereinafter referred to as the "company") issue of shares to buy assets and related transactions (hereinafter referred to as "this transaction") has been approved by the China Securities Regulatory Commission (hereinafter referred to as "China Securities Regulatory Commission") (see 2019-086 for details). After the transaction was approved by the China Securities Regulatory Commission, the board of directors of the company organized and implemented the follow-up work according to the transaction plan, the relevant agreement and the authorization of the shareholders' meeting. As of the date of the announcement, the transfer of the 10% equity interest of the Fujian Ningde Nuclear Power Co., Ltd., which is the underlying asset of the transaction, is under way. After completion of the relevant work, the company will disclose relevant announcements in a timely manner. The company will continue to push forward the follow-up implementation of this transaction and fulfill relevant information disclosure obligations in a timely manner. We invite investors to pay attention to the follow-up announcement and pay attention to investment risk. Notice hereby.

Board of directors of Fujian fortune Limited by Share Ltd

April 17, 2020