Shandong Hi-Speed New Energy Proposes Issue Of A-Shares To Unit Of Controlling Shareholder

Shandong Hi-Speed New Energy Group Ltd 1250:

• PROPOSED ISSUE OF A-SHARES TO SUBSIDIARY OF CONTROLLING SHAREHOLDER

• SHANDONG HIGH SPEED RENEWABLE ENERGY TO ISSUE UP TO 139.9 MILLION A-SHARES ON SHENZHEN STOCK EXCHANGE

• PROCEEDS FROM A-SHARES ISSUE NOT TO EXCEED RMB717.6 MILLION