Securities Code: 688349 Securities Abbreviations: Trinity Energy Announcement Number: 2023-001

Sany Heavy Energy Co., Ltd.

Announcement of the Resolution of the First Holder Meeting of the Employee Stock Ownership Plan in 2022

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal responsibility for the authenticity, accuracy and completeness of its contents in accordance with the law.

Meeting of 1. Holders

The first meeting of the holders of the 2022 employee stock ownership plan (hereinafter referred to as the "current employee stock ownership plan" or "employee stock ownership plan") of Sany Zhongneng Co., Ltd. (hereinafter referred to as the "Company") was held on January 16, 2023 by means of communication voting (hereinafter referred to as the "meeting"). The notice of this meeting has been

Issued to all holders on 9 January 2023. This meeting was convened and presided over by Mr. Zhou Fugui and attended

There are 272 holders of the meeting, representing approximately 79.833 million shares of the current employee stock ownership plan, accounting for 78.61 of the company's total share of the current employee stock ownership plan. The convening, convening and voting procedures of this meeting are in accordance with the relevant provisions of the Company's current employee stock ownership plan.

Consideration of 2. Holders Meeting

This meeting will consider and pass the following proposals by secret ballot:

1. Deliberated and passed the "Proposal on the Establishment of the Company's 2022 Employee Stock Ownership Plan Management Committee"

In accordance with the "Sany Heavy Energy Co., Ltd. 2022 Employee Stock Ownership Plan (Draft)" and "Sany Heavy Energy Co., Ltd. 2022 Employee Stock Ownership Plan Management Measures" and other relevant regulations, it is agreed to establish the company's employee stock ownership plan management committee to supervise the daily management of the employee stock ownership plan and exercise shareholder rights on behalf of the holder.

Lee. The management committee is composed of 5 members and has 1 director of the management committee. The term of office is 2022.

The duration of the shareholding plan.

Voting result: 79.833 million shares, accounting for the total number of shares held by the holders present at the holders' meeting.

100 per cent; 0 against, representing 0 per cent of the total number of shares held by the holders present at the meeting of the holders; 0 abstaining,

0% of the total number of shares held by holders present at the meeting of holders.

2. Deliberated and passed the "Proposal on Election of Members of the Company's 2022 Employee Stock Ownership Plan Management Committee"

Chen Yudong, Liu Yufeng, Liu Qingquan, Xiao Lijuan and Wang Cong were elected as the company's 2022 employee stock ownership plan.

Member of the Management Committee for the duration of the 2022 Employee Stock Ownership Plan. It is agreed that the above-mentioned personnel shall convene a meeting of the management committee and elect the director of the management committee.

Voting result: 79.833 million shares, accounting for the total number of shares held by the holders present at the holders' meeting.

100 per cent; 0 against, representing 0 per cent of the total number of shares held by the holders present at the meeting of the holders; 0 abstaining,

0% of the total number of shares held by holders present at the meeting of holders.

On January 17, 2023, the Company held the first management committee meeting of the current employee shareholding plan,

Chen Yudong was elected as the Director of the Management Committee of the Employee Stock Ownership Plan for the duration of the Employee Stock Ownership Plan.

3. Deliberated and passed the "Proposal on Authorizing the Company's 2022 Employee Stock Ownership Plan Management Committee to handle matters related to this employee stock ownership plan"

In order to ensure the smooth implementation of the company's current employee stock ownership plan, in accordance with the "Sany Heavy Energy Co., Ltd. 2022 Employee Stock Ownership Plan (Draft)", "Sany Heavy Energy Co., Ltd. 2022 Employee Stock Ownership Plan Management Measures" and other relevant regulations, Agree to authorize the management committee to handle matters related to the 2022 employee stock ownership plan, including but not limited to the following matters:

(1) Responsible for convening meetings of holders;

(2) Supervise the day-to-day management of the employee shareholding plan on behalf of all holders;

(3) Exercise of shareholder rights on behalf of all holders;

(4) Managing the distribution of benefits of employee stock ownership plans;

(5) Handling matters such as registration of employee stock ownership plan shares;

(6) Handling the disqualification of the holder and the handling of the shares held by the disqualified holder;

(7) Responsible for the reduction arrangement of the employee stock ownership plan;

(8) Decisions on whether to hire relevant professional institutions to provide management, consulting, reduction and other services for the daily management of employee stock ownership plans;

(9) Signing relevant agreements and contracts on behalf of the employee shareholding plan;

(10) Decision-making on special matters other than the above during the life of the employee stock ownership plan;

(11) Other duties conferred by the meeting of the holders.

This authorization is valid from the date of the resolution of the first meeting of the holders of the Company's 2022 Employee Stock Ownership Plan to the date of termination of the Company's 2022 Employee Stock Ownership Plan.

Voting result: 79.833 million shares, accounting for the total number of shares held by the holders present at the holders' meeting.

100 per cent; 0 against, representing 0 per cent of the total number of shares held by the holders present at the meeting of the holders; 0 abstaining,

0% of the total number of shares held by holders present at the meeting of holders.

It is hereby announced.

Board of Directors of Sany Heavy Energy Co., Ltd.

18 January 2023