*St Beineng (000803): Revision Of Major Asset Purchase Plan

Announcement of Beiqing Huanneng Group Co., Ltd

The company and all members of the board of directors guarantee that the contents of information disclosure are true, accurate and complete, and there are no false records, misleading statements or major omissions.

Beiqing Huanneng Group Co., Ltd. (hereinafter referred to as "Beiqing Huanneng", "listed company" and "the company") disclosed the relevant documents of the reorganization plan on September 14, 2020, and received the inquiry letter on restructuring of Beiqing Huanneng Group Co., Ltd. (non permitted restructuring inquiry letter [2020] No. 10) (hereinafter referred to as "Beiqing Huanneng", "listed company" and "the company") on September 21, 2020“《 Inquiry letter "). The company, together with the intermediary agencies, made a written reply to the questions related to the inquiry letter, and supplemented, modified and improved the reorganization plan. The main amendments are as follows:

1. The risk control measures in the process of debt transfer, as well as the target company and its subsidiaries, are supplemented and disclosed in "I. summary of this transaction plan" (V) payment method of consideration "in" I. overview of this transaction "and" III "(V) payment method of consideration" in "section I overview of this transaction" The division assesses the impact of value.

2. In the "I. overview of this transaction plan" of "tips on major matters" of the reorganization plan and "III. overview of this transaction plan" of "section I overview of this transaction", the arrangement of the counterparties' participation in subsequent share issuance of listed companies is supplemented and disclosed.

3. The estimated value of this transaction and the rationality analysis of pricing are supplemented and disclosed in the "v. evaluation of this transaction" of "tips on major matters" of the reorganization plan.

4. In the "VI. impact of this transaction on the listed company" of "tips on major matters" of the reorganization plan, and "7. The impact of this transaction on the listed company" of "section 1 overview of this transaction", and "section 7 the impact of this transaction on the listed company", the amount of goodwill expected to bring about by this transaction and its proportion in the company's net assets are supplemented and disclosed.

5. In the reorganization plan "tips on major issues" and "section I overview of this transaction", the progress of the contact between the listed company and its partners, and the transaction is expected to constitute related party transactions.

6. In the "VI. impact of the transaction on the listed company" of "tips on major matters" of the reorganization plan, and "7. The impact of this transaction on the listed company" of "section I overview of this transaction" and "Section VII the impact of this transaction on the listed company", it is supplementary disclosed that the listed company has the performance ability of this transaction, and the relevant financing and cost will not be given The company brings liquidity risk or significant financial burden.

7. In the "I. summary of this transaction plan" of "tips on major matters" of the reorganization plan and "III. overview of this transaction plan" of "section I overview of this transaction", the adjustment method or principle of payment mode when the proportion of equity acquisition of listed companies is less than 93%.

8. In the reorganization plan "section II basic information of listed companies", the operation mode and accounting treatment method of the heating business assets of the listed company entrusted to manage the controlling shareholders are supplemented.

9. The specific impact of policy adjustment of heat source price or heating price on the production and operation and sustainable profitability of the target company is supplemented and disclosed in the "IV. profit model of the target company" in "section IV. transaction subject matters".

10. The amount of government subsidies received by the target company, accounting treatment and the proportion in net profit of the target company in the report period are supplemented and disclosed in the "IV. profit model of the target company" in "section IV. transaction subject matters".

11. In "section VI main contract of this transaction" in the reorganization plan, the specific analysis of some provisions in the equity transfer agreement is supplemented and disclosed.

For details, please refer to the plan for major asset purchase of Beiqing Huanneng Group Co., Ltd. (Revised Draft) published in the company's daily magazine on the designated information disclosure media.

It is hereby announced.

Board of directors of Beiqing Huanneng Group Co., Ltd

September 23, 2020