Common use of SGM Clause in Contracts

SGM. The SGM will be convened by the Company to seek approval from the Independent Shareholders for the Supplemental Facility Agreement and the transactions and matters contemplated thereunder by way of poll. As at the date of this announcement, Yanchang Petroleum HK, being a substantial Shareholder holding 12,686,203,231 Shares representing approximately 69.19% of the existing issued share capital of the Company, is a connected person of the Company and hence Yanchang Petroleum HK, together with its associates, will abstain from voting at the SGM.

SGM. The SGM will be convened by the Company to seek the approval from the Independent Shareholders for the Supplemental Facility New Supply Agreement and the transactions and matters contemplated thereunder by way of poll. As at the date of this announcement, Yanchang Petroleum HKGroup, being a substantial Shareholder beneficially holding 12,686,203,231 6,496,729,547 Shares representing approximately 69.1953.49% of the existing issued share capital of the Company, is a connected person of the Company and hence Yanchang Petroleum HKGroup, together with its associates, will abstain from voting at the SGM.

SGM. The SGM will be convened by the Company to seek the approval from the Independent Shareholders for the Supplemental Facility Loan Agreement and the transactions and matters contemplated thereunder by way of poll. As at the date of this announcement, Yanchang Petroleum HK, being a substantial Controlling Shareholder holding 12,686,203,231 Shares representing approximately 69.19% of the existing issued share capital of the Company, is a connected person of the Company and hence Yanchang Petroleum HKGroup, together with its associates, will abstain from voting at the SGM.

SGM. The SGM will be convened by the Company to seek approval from the Independent Shareholders for the Supplemental Facility New Supply Agreement and the transactions and matters contemplated thereunder by way of poll. As at the date of this announcement, Yanchang Petroleum HKGroup, being a substantial Shareholder beneficially holding 12,686,203,231 Shares representing approximately 69.19% of the existing issued share capital of the Company, is a connected person of the Company and hence Yanchang Petroleum HKGroup, together with its associates, will abstain from voting at the SGM.

SGM. The SGM will be convened by the Company to seek the approval from the Independent Shareholders for the Supplemental Facility Agreement Supply Agreement, the Sales Agreements and the transactions and matters contemplated thereunder by way of poll. As at the date of this announcement, Yanchang Petroleum HKGroup, being a substantial Shareholder beneficially holding 12,686,203,231 634,310,161 Shares representing approximately 69.1957.66% of the existing issued share capital of the Company, is a connected person of the Company and hence Yanchang Petroleum HKGroup, together with its associates, will abstain from voting at the SGM.