China Energy Conservation Solar Energy Co., Ltd.

Log in to the Sina Finance app and search for 【information disclosure】 to view more assessment tiers

Security Code: 000591 Stock Short Name: Solar Announcement No.: 2026-17

Bond Code: 127108 Bond Short Name: TaiNeng Convertible Bond

Bond Code: 149812 Bond Short Name: 22 SolarG1

Bond Code: 148296 Bond Short Name: 23 SolarGK02

JieNeng Solar Energy Co., Ltd.

Announcement on the Progress of the Company’s Share Repurchase

All members of this company and the board of directors hereby guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.

JieNeng Solar Energy Co., Ltd. (hereinafter, the “Company”) held the 17th meeting of the 11th session of the board of directors and the 2024 annual general meeting of shareholders on April 22, 2025 and May 15, 2025, respectively, and approved the resolution on “Share Repurchase of a Portion of the Company’s Shares”. The Company agreed to repurchase the Company’s A shares by using its own funds and special loans for share repurchases through centralized competitive bidding. All shares repurchased in this round will be used for cancellation and to reduce the Company’s registered capital. The total amount of funds used for the repurchase shall be no less than RMB 100 million and no more than RMB 200 million (inclusive), the repurchase price shall not exceed RMB 6.69 per share (inclusive), and the repurchase period shall be within 12 months from the date on which the share repurchase plan is approved by the Company’s 2024 annual general meeting of shareholders. For details, please refer to the “Resolution Announcement of the 17th Meeting of the 11th Session of the Board of Directors” (Announcement No.: 2025-40) and the “Resolution Announcement of the 2024 Annual General Meeting of Shareholders” (Announcement No.: 2025-63), as well as the “JieNeng Solar Energy Co., Ltd. Share Repurchase Report” (Announcement No.: 2025-66), disclosed by the Company on the website of Juchao Information on April 24, 2025, May 16, 2025, and May 27, 2025, respectively.

Due to the Company’s implementation of the 2024 equity distribution, according to the relevant provisions of the “JieNeng Solar Energy Co., Ltd. Share Repurchase Report”, the repurchase price in the Company’s share repurchase plan was adjusted from not exceeding RMB 6.69 per share to not exceeding RMB 6.63 per share, and the upper limit of the adjusted repurchase share price became effective on July 11, 2025. For details, please refer to the “Announcement on Adjusting the Upper Limit of the Repurchase Share Price After the Implementation of the 2024 Equity Distribution” (Announcement No.: 2025-77) disclosed by the Company on Juchao Information on July 4, 2025.

Due to the Company’s implementation of the equity distribution for the third quarter of 2025, according to the relevant provisions of the “JieNeng Solar Energy Co., Ltd. Share Repurchase Report”, the repurchase price in the Company’s share repurchase plan was adjusted from not exceeding RMB 6.63 per share to not exceeding RMB 6.57 per share, and the upper limit of the adjusted repurchase share price became effective on January 8, 2026. For details, please refer to the “Announcement on Adjusting the Upper Limit of the Repurchase Share Price After the Implementation of the Equity Distribution for the Third Quarter of 2025” (Announcement No.: 2025-123) disclosed by the Company on Juchao Information on December 31, 2025.

According to relevant provisions including the “Rules for Share Repurchase of Listed Companies” and the “Self-Regulatory Guidance No. 9 for Listed Companies on the Shenzhen Stock Exchange—Share Repurchase” issued by the Shenzhen Stock Exchange, during the repurchase period, the Company shall disclose the progress of the share repurchase as of the end of the previous month within the first three trading days of each month. The progress of the repurchase is hereby announced as follows:

I. Progress in the repurchase of shares as of the end of the previous month

As of March 31, 2026, the Company has cumulatively repurchased 10,930,100 shares of the Company through a securities account dedicated to share repurchase by means of centralized competitive bidding, accounting for 0.28% of the Company’s total share capital of 3,924,442,493 shares as of the end of December 2025; the highest成交 price was RMB 4.81 per share, the lowest成交 price was RMB 4.44 per share, and the total成交 amount was RMB 49,862,897.00 (excluding transaction fees).

The sources of funds for the Company’s share repurchase are the Company’s own funds and special loans for share repurchases. The repurchase price has not exceeded the upper limit. The progress meets the requirements of the established repurchase plan and relevant laws and regulations.

II. Other explanations

The timing of the Company’s share repurchase, the number of shares repurchased, the repurchase price, and the delegated time window for centralized competitive bidding all comply with the relevant provisions of the “Rules for Share Repurchase of Listed Companies”, the “Self-Regulatory Guidance No. 9 for Listed Companies on the Shenzhen Stock Exchange—Share Repurchase”, and the Company’s repurchase share plan. The specific situation is as follows:

1. The Company has not repurchased shares during the following periods:

(1) from the date on which major events that may have a material impact on the trading prices of the Company’s securities and their derivative varieties occur, or during the decision-making process, until the date on which disclosure is made according to law;

(2) other circumstances prescribed by the China Securities Regulatory Commission (CSRC) and the Shenzhen Stock Exchange.

2. The Company repurchases shares through centralized competitive bidding and meets the following requirements:

(1) the entrusted price shall not be the price at which the company’s stock is subject to the daily trading price increase limit;

(2) no share repurchase delegations may be made during the Shenzhen Stock Exchange’s opening centralized bidding, closing centralized bidding, and on trading days when stock prices are not subject to daily price increase/decrease limits;

(3) other requirements prescribed by the CSRC and the Shenzhen Stock Exchange.

3. The repurchase price range and the source of funds for the Company’s share repurchase comply with the relevant provisions of the share repurchase plan.

In the next step, the Company will continue to implement this repurchase plan within the repurchase period according to market conditions, and will timely fulfill its information disclosure obligations in accordance with relevant laws and regulations. Investors are kindly requested to be mindful of investment risks.

This announcement is hereby issued.

Board of Directors of JieNeng Solar Energy Co., Ltd.

April 2, 2026

Security Code: 000591 Stock Short Name: Solar Announcement No.: 2026-18

Bond Code: 127108 Bond Short Name: TaiNeng Convertible Bond

Bond Code: 149812 Bond Short Name: 22 SolarG1

Bond Code: 148296 Bond Short Name: 23 SolarGK02

Announcement of JieNeng Solar Energy Co., Ltd. on the “TaiNeng Convertible Bond”

Announcement on the Conversion of Shares in the First Quarter of 2026

All members of this company and the board of directors hereby guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.

Special notice:

1. Security Code: 000591 Stock Short Name: TaiYangNeng

2. Bond Code: 127108 Bond Short Name: TaiNeng Convertible Bond

3. Conversion start and end dates: October 9, 2025 to March 27, 2031;

4. Source of converted shares: newly issued shares.

Pursuant to relevant rules including the “Stock Listing Rules of the Shenzhen Stock Exchange” and the “Self-Regulatory Guidance No. 15 for Listed Companies on the Shenzhen Stock Exchange—Convertible Corporate Bonds”, JieNeng Solar Energy Co., Ltd. (hereinafter, the “Company”) hereby announces the conversion of its convertible corporate bonds for the first quarter of 2026 (hereinafter, the “TaiNeng Convertible Bond”) and the changes in the Company’s shares as follows:

I. Basic information on convertible corporate bonds

Pursuant to the “Approval on Agreeing to the Registration of JieNeng Solar Energy Co., Ltd.’s Public Offering of Convertible Corporate Bonds by Non-Specific Subscribers” issued by the China Securities Regulatory Commission (CSRC) (Zhengjian Xu Ke [2025] No. 33), JieNeng Solar Energy Co., Ltd. issued 29,500,000 convertible corporate bonds to non-specific subscribers, with a par value of RMB 100 per bond. The total fund-raising amount was RMB 2.95B. With the approval of the Shenzhen Stock Exchange, the Company’s convertible bonds started trading on April 16, 2025 on the Shenzhen Stock Exchange; the bond short name is “TaiNeng Convertible Bond”, and the bond code is “127108”. The start and end dates for the existence of “TaiNeng Convertible Bond” are from March 28, 2025 to March 27, 2031; the conversion start and end dates are from October 9, 2025 to March 27, 2031.

II. Adjustment to the conversion price of the convertible bonds

The initial conversion price of “TaiNeng Convertible Bond” was RMB 5.67 per share.

On July 11, 2025, due to the Company’s implementation of the 2024 equity distribution, the conversion price of “TaiNeng Convertible Bond” was adjusted. The conversion price before adjustment was RMB 5.67 per share; the conversion price after adjustment was RMB 5.61 per share. The adjusted conversion price became effective from July 11, 2025. For details, please refer to the “Announcement on Adjusting the Conversion Price of ‘TaiNeng Convertible Bond’ Due to the Implementation of Equity Distribution” (Announcement No.: 2025-76) disclosed by the Company on July 4, 2025 on Juchao Information.

On January 8, 2026, due to the Company’s implementation of the equity distribution for the third quarter of 2025, the conversion price of “TaiNeng Convertible Bond” will be adjusted. The conversion price before adjustment was RMB 5.61 per share; the conversion price after adjustment was RMB 5.55 per share. The adjusted conversion price will become effective from January 8, 2026. For details, please refer to the “Announcement on Adjusting the Conversion Price of ‘TaiNeng Convertible Bond’ Due to the Implementation of Equity Distribution” (Announcement No.: 2025-122) disclosed by the Company on December 31, 2025 on Juchao Information.

III. Conversion of the convertible bonds

In the first quarter of 2026, “TaiNeng Convertible Bond” resulted in a reduction of 517 bonds due to conversion (total face value of RMB 51,700). The number of shares converted was 9,307 shares. As of March 31, 2026, the remaining number of “TaiNeng Convertible Bond” was 29,498,508 bonds, with the remaining total face value of RMB 2,949,850,800.

The Company’s changes in share capital in the first quarter of 2026 are as follows:

■

Note: Other changes are share capital changes resulting from the exercise by incentive recipients under the Company’s third exercise period of the 2020 stock option incentive plan in an independent manner.

IV. Other matters

If investors need to learn about other relevant matters regarding “TaiNeng Convertible Bond”, please refer to the “Offering Memorandum for JieNeng Solar Energy Co., Ltd.’s Issuance of Convertible Corporate Bonds to Non-Specific Subscribers and Listing on the Main Board” published by the Company on March 26, 2025 on Juchao Information (www.cninfo.com.cn). Investors are kindly requested to be mindful of investment risks.

V. Documents for reference

1. The issuer’s share capital structure table (by share nature) (Solar);

2. The issuer’s share capital structure table (by share nature) (TaiNeng Convertible Bond).

This announcement is hereby issued.

Board of Directors of JieNeng Solar Energy Co., Ltd.

April 2, 2026

Endless information and precise interpretation—available on the Sina Finance app