Forn Energy (002911.SZ): Plans to transfer equity to its wholly-owned subsidiary Foshan Huazhao Neng Investment

Gelonghui, March 6 — Furan Energy (002911.SZ) announced that to further expand its gas business, optimize company management, achieve specialized operations, and build a business segment operation platform, the meeting approved the transfer of 100% equity of Zhaoqing Furan Energy Co., Ltd., 100% equity of Yunfu Furan Natural Gas Co., Ltd., 80% equity of Enping Furan Energy Co., Ltd., 55% equity of Nanxiong Furan Energy Co., Ltd., and 51% equity of Guangdong Furan Pearl River Gas Co., Ltd. to its wholly owned subsidiary Huazhao Energy. After this transfer, the company will no longer directly hold these equity interests, which will be held by Huazhao Energy as an operational platform. This transfer does not involve related-party transactions and does not constitute a major asset reorganization as defined by the “Administrative Measures for Major Asset Restructuring of Listed Companies.” The transfer is between entities within the company’s consolidated financial statements, does not affect the scope of consolidation, involves no cash payment, and will not impact the company’s financial or operational conditions. There are no circumstances that harm the interests of the company and shareholders.