Fu Neng Shares (600483): Convertible Bonds 2020 Tracking Rating Results

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's announcement on the results of tracking and grading of Switching Company bonds in 2020

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.

Important note:

? previous bond rating: AA

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Subject rating: AA

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Rating outlook: stability

This bond rating is AA

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Subject rating: AA

The rating outlook is stable: according to the relevant provisions of the China Securities Regulatory Commission on the issuance and trading of corporate bonds and the Listing Rules of Shanghai securities and Exchange Company bonds, Fujian Fuzhou Neng Limited by Share Ltd (hereinafter referred to as the "company") entrust the credit rating agency integrity securities assessment Co., Ltd. (hereinafter referred to as the "credit card evaluation") to the company and the company. Publicly issued Switching Company bonds (hereinafter referred to as "Fu Neng convertible bonds") are followed up. The former main body credit rating result is "AA".

The previous bond rating result is "AA".

The rating agencies were evaluated by the China integrity certificate, and the rating time was June 18, 2019. On the basis of comprehensive analysis and evaluation of the company's operating conditions and related industries, the China integrity certificate evaluation issued in June 18, 2020 the "Fujian Fu Neng Limited by Share Ltd's public issuance of Switching Company bond tracking rating report (2020)" ([2020], tracking letter 0826), and maintained the company's main credit rating as "AA".

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"The rating outlook is" stable "; maintaining the credit rating of Fu Neng convertible bonds is" AA ".

"+". This credit rating report "Fujian Fu Neng Limited by Share Ltd public issuance of Switching Company bond tracking rating report (2020)" is detailed on the Shanghai stock exchange website.

Notice hereby.

Board of directors of Fujian fortune Limited by Share Ltd

June 19, 2020