SUMMARY OF POWER GENERATION FOR APRIL 2024

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.(Incorporated in the Cayman Islands with limited liability) (Stock Code: 01250) SUMMARY OF POWER GENERATION FOR APRIL 2024 This voluntary announcement is made by Shandong Hi-Speed New Energy Group Limited (the “Company” together with its subsidiaries the “Group”) to keep the shareholders and potential investors of the Company informed of the latest business development of the Group.The board (the “Board”) of directors (the “Directors”) of the Company announces that according to the Company’s preliminary statistics currently available the power generation of the Group on a consolidated basis amounted to approximately 577194 megawatt-hour (“MWh”) for April 2024 representing an increase of approximately 5.5% compared with the corresponding period of 2023. For the four months ended 30 April 2024 (the “Period”) the aggregate power generation of the Group amounted to approximately 2110167 MWh representing an increase of approximately 12.0% compared with the corresponding period of 2023. The operating power generation* of the projects held and/or managed by the Group the associates and the joint ventures of the Group for April 2024 was approximately 588319 MWh representing a decrease of approximately 5.7% compared with the corresponding period of 2023. For the Period the aggregate operating power generation of the projects held and/or managed by the Group the associates and the joint ventures of the Group amounted to approximately 2142077 MWh representing a decrease of approximately 0.2% compared with the corresponding period of 2023.* The operating power generation included (i) the power generation of the projects held by the Group the associates and the joint ventures of the Group; and (ii) the power generation of the projects managed by the Group through the provision of entrusted management services. 1Among them details of the power generation of the Group’s centralised photovoltaic power plants (including those held by the joint ventures of the Group) and wind power plants are set out as follows: Approximate aggregate power Approximate Approximate Approximate generation power power aggregate for the generation generation Year-on-year power corresponding Year-on-year for April for April percentage generation period of percentage Location 2024 2023 change for the Period 2023 change (MWh) (MWh) (%) (MWh) (MWh) (%) Centralised photovoltaic power plants Subsidiaries and joint ventures: Hebei Province 81908 69989 17.0 274955 262858 4.6 Henan Province 25150 21415 17.4 79152 88298 (10.4) Shandong Province 31408 27470 14.3 86774 96296 (9.9) Guizhou Province 22722 22001 3.3 71217 64380 10.6 Anhui Province 17956 26658 (32.6) 61224 95092 (35.6) Shaanxi Province 15292 16411 (6.8) 53819 77052 (30.2) Jiangxi Province 6701 10985 (39.0) 30933 37352 (17.2) Jiangsu Province 20550 15200 35.2 64421 45555 41.4 The Ningxia Hui Autonomous Region 11332 11263 0.6 42124 46493 (9.4) Hubei Province 5794 6960 (16.8) 19367 21894 (11.5) Guangdong Province 9061 8878 2.1 35714 37514 (4.8) Jilin Province 3269 2274 43.8 13935 12706 9.7 The Tibet Autonomous Region 2791 2820 (1.0) 9204 12960 (29.0) Tianjin Municipality 4075 3520 15.8 14039 13099 7.2 Yunnan Province 2669 3118 (14.4) 11776 12367 (4.8) Shanxi Province 5850 2346 149.4 19325 9859 96.0 Whyalla Southern Australia Australia 591 394 50.0 1812 1276 42.0 Sub-total 267119 251702 6.1 889791 935051 (4.8) Wind power plants Subsidiaries: Henan Province 75677 108654 (30.4) 325141 338853 (4.0) Shandong Province 50975 41657 22.4 191421 139880 36.8 The Inner Mongolia Autonomous Region 32376 41857 (22.7) 131178 149433 (12.2) Hebei Province 61679 33250 85.5 274582 113929 141.0 Shanxi Province 7875 15883 (50.4) 42909 51365 (16.5) Xinjiang Uygur Autonomous Region 15659 – N/A 66617 – N/A Sub-total 244241 241301 1.2 1031848 793460 30.0 Total 511360 493003 3.7 1921639 1728511 11.2 Note: The figures provided herein are subject to rounding adjustments and will be subject to other possible adjustments due to accounting procedures. 2Shareholders and/or potential investors of the Company are hereby reminded that the information provided above is based on preliminary assessment of the internal management information only. Such information is for the purpose of investors’ reference only and is by no means a representation or a basis of reference or indication of the revenue or profit to be generated or derived by the Group or any financial performance of the Group for the Period or for the year ending 31 December 2024.Shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares of the Company.By Order of the Board Shandong Hi-Speed New Energy Group Limited Wang Xiaodong Chairman Hong Kong 24 May 2024 As at the date of this announcement the Board comprises Mr. Wang Xiaodong Mr. Zhu Jianbiao Mr. Wang Wenbo Mr. Sun Qingwei Ms. Liao Jianrong Mr. Li Li Mr. He Yongbing and Mr. Wang Meng as executive Directors; and Professor Qin Si Zhao Mr. Victor Huang Mr. Yang Xiangliang and Mr. Chiu Kung Chik as independent non-executive Directors. 3