Common use of SGM Clause in Contracts

SGM. The SGM will be convened by the Company to seek the approval from the Independent Shareholders for the New Supply Agreement and the transactions and matters contemplated thereunder by way of poll. As at the date of this announcement, Yanchang Petroleum Group, being a substantial Shareholder beneficially holding 6,496,729,547 Shares representing approximately 53.49% of the existing issued share capital of the Company, is a connected person and hence Yanchang Petroleum Group, 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 New Supply Agreement and the transactions and matters contemplated thereunder by way of poll. As at the date of this announcement, Yanchang Petroleum Group, being a substantial Shareholder beneficially holding 6,496,729,547 12,686,203,231 Shares representing approximately 53.4969.19% of the existing issued share capital of the Company, is a connected person of the Company and hence Yanchang Petroleum Group, 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 New Supply Loan Agreement and the transactions and matters contemplated thereunder by way of poll. As at the date of this announcement, Yanchang Petroleum GroupHK, being a substantial Controlling Shareholder beneficially holding 6,496,729,547 12,686,203,231 Shares representing approximately 53.4969.19% of the existing issued share capital of the Company, is a connected person and hence Yanchang Petroleum Group, 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 New Supplemental Supply Agreement Agreement, the Sales Agreements and the transactions and matters contemplated thereunder by way of poll. As at the date of this announcement, Yanchang Petroleum Group, being a substantial Shareholder beneficially holding 6,496,729,547 634,310,161 Shares representing approximately 53.4957.66% of the existing issued share capital of the Company, is a connected person and hence Yanchang Petroleum Group, 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 New Supply Supplemental Facility Agreement and the transactions and matters contemplated thereunder by way of poll. As at the date of this announcement, Yanchang Petroleum GroupHK, being a substantial Shareholder beneficially holding 6,496,729,547 12,686,203,231 Shares representing approximately 53.4969.19% of the existing issued share capital of the Company, is a connected person of the Company and hence Yanchang Petroleum GroupHK, together with its associates, will abstain from voting at the SGM.