NOTICE OF EXTRAORDINARY GENERAL MEETING

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) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting (the “EGM”) of Shandong Hi-Speed New Energy Group Limited (the “Company”) will be held at Conference Room 38/F The Center 99 Queen’s Road Central Central Hong Kong on Wednesday 26 June 2024 at 11:30 a.m. or at any adjournment thereof for the purpose of considering and if thought fit passing the following resolutions with or without amendments as special resolutions of the Company: SPECIAL RESOLUTIONS 1. “THAT(a) the proposed amendments to the existing third amended and restated memorandum and articles of association of the Company (the “Proposed Amendments”) as set out in the circular of the Company dated 5 June 2024 be and are hereby approved; and (b) the fourth amended and restated memorandum and articles of association of the Company which contain all the Proposed Amendments and in the form tabled at the EGM marked “A” and for the purpose of identification signed by a Director be approved and adopted in substitution for and to the exclusion of the existing third amended and restated memorandum and articles of association of the Companywith immediate effect after the close of the EGM.” 12. “THAT any Director or officer of the Company be and is hereby authorised to carry outand take all actions necessary and to sign all necessary documents in connection with orto give effect to the above matters.” By Order of the Board Shandong Hi-Speed New Energy Group Limited Wang Xiaodong Chairman Hong Kong 5 June 2024 Notes: 1. Any member of the Company entitled to attend and vote at the EGM shall be entitled to appoint another person as his/her proxy to attend and vote instead of him/her. A member who is the holder of two or more shares may appoint more than one proxy to represent him/her and vote on his/her behalf at the EGM. A proxy need not be a member of the Company. On a poll votes may be given either personally or by proxy. 2. The instrument appointing a proxy shall be in writing under the hand of the appointor or of his/her attorney duly authorised in writing or if the appointor is a corporation either under its seal or under the hand of an officer or attorney duly authorized. 3. To be valid the instrument appointing a proxy and (if required by the Company) the power of attorney or other authority (if any) under which it is signed or a notarially certified copy of such power or authority shall be delivered to the Company’s branch share registrar and transfer office in Hong Kong Tricor Investor Services Limited at 17/F Far East Finance Centre 16 Harcourt Road Hong Kong not less than 48 hours before the time appointed for holding the EGM or any adjournment thereof (as the case may be). 4. No instrument appointing a proxy shall be valid after expiration of 12 months from the date of its execution except at an adjourned meeting or on a poll demanded at the EGM or any adjournment thereof in cases where the EGM was originally held within 12 months from such date. 5. Where there are joint holders of any shares any one of such joint holders may vote at the EGM either in person or by proxy in respect of such share as if he/she were solely entitled thereto but if more than one of such joint holders be present at the EGM the vote of the senior who tenders a vote whether in person or by proxy shall be accepted to the exclusion of the votes of the other joint holders and for this purpose seniority shall be determined by the order in which the names stand in the register of members of the Company in respect of the joint holding. 26. Completion and delivery of an instrument appointing a proxy shall not preclude a member from attending and voting in person at the EGM if the member so wish and in such event the instrument appointing a proxy should be deemed to be revoked. 7. For the purpose of determining Shareholders’ entitlement to attend and vote at the EGM the register of members of the Company will be closed from Friday 21 June 2024 to Wednesday 26 June 2024 (both days inclusive) during which period no transfer of Shares will be registered. In order to qualify for attending at the EGM all properly completed transfer forms accompanied by the relevant share certificates must be lodged for registration with the Company’s branch share registrar and transfer office in Hong Kong Tricor Investor Services Limited at 17/F Far East Finance Centre 16 Harcourt Road Hong Kong not later than 4:30 p.m. on Thursday 20 June 2024. 8. A form of proxy for use at the EGM is enclosed with the circular of the Company dated 5 June 2024. 9. If tropical cyclone warning signal no. 8 or above or a black rainstorm warning or “extreme conditions” caused by super typhoon is in effect at any time after 8:00 a.m. on Wednesday 26 June 2024 the EGM will be postponed and further announcement for details of alternative meeting arrangements will be made.The EGM will be held as scheduled even when tropical cyclone warning signal no. 3 or below is hoisted or an amber or red rainstorm warning signal is in force. You should make your own decision as to whether you would attend the meeting under bad weather conditions and if you should choose to do so you are advised to exercise care and caution.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