*St Jinyu (000803): To Be Renamed * ST Beineng

Golonghui * ST Jinyu (000803. SZ) announced on July 14 that since 2017, Beikong Clean Energy Group Co., Ltd. has obtained the actual control right of the company through holding a card in the secondary market, increasing its holding by tender offer, and signing a concerted action agreement with Nanchong SASAC, and now holds 33.93% of the total shares with the persons acting in concert. On January 15, 2020, 22.18% of the shares of the listed company held by Chengdu Jinyu Holding Group Co., Ltd., the former controlling shareholder of the company, has been enforced by the judiciary. It no longer holds the equity of the listed company, and the control right of the listed company is relatively stable.

After stable control, the company started strategic transformation in 2019 and sold all real estate business. Now, the listed company has successfully acquired Shandong Shifang environmental protection energy Co., Ltd. ("Shifang Huanneng") through major asset restructuring. The company is mainly engaged in harmless treatment and resource utilization of kitchen waste, comprehensive utilization of landfill gas (biogas) and utilization of biomass energy And so on.

In order to clarify the current holding relationship, business and strategic positioning of listed companies from the company name, avoid misleading investors and customers by the company name, and more accurately convey to the market the strategic plan of listed companies focusing on environmental protection and energy field, the listed company obtained the enterprise name change registration notice issued by the State Administration of market supervision and administration on July 7, 2020, Qingneng Group Co., Ltd.

The proposed change of the full name of the company meets the requirements of the company's future operation and development. The securities abbreviation after the change is not the same or similar to the securities abbreviation of other listed companies, there is no situation that only the general name of the industry is used as the securities abbreviation, there is no use of the changed name to affect the company's share price, mislead investors, and does not violate the provisions of relevant laws and regulations.