Hunan Heshun Petroleum Co., Ltd. 2026 First Extraordinary Shareholders' Meeting Resolution Announcement

Stock Code: 603353 Stock Abbreviation: Heshun Petroleum Announcement No.: 2026-010

Resolution Announcement of Hunan Heshun Petroleum Co., Ltd. on the First Extraordinary General Meeting of 2026

The board of directors of the Company and all directors hereby warrant that the contents of this announcement contain no false records, misleading statements or material omissions, and assume legal responsibility for the authenticity, accuracy and completeness of the contents.

Important Matters to Note:

● Whether any veto proposals were raised at this meeting: None

I. Convening and Attendance of the Meeting

(I) Time of the General Meeting: April 3, 2026

(II) Location of the General Meeting: Heshun Building, No. 58, Section 2, Wanjiali Middle Road, Yuhua District, Changsha City, Hunan Province

(III) Shareholding information of the holders of ordinary shares attending the meeting and holders of preferred shares that restored voting rights, and their respective shareholdings:

■

(IV) Whether the voting method complies with the provisions of the Company Law and the Articles of Association, and the chairmanship of the meeting, etc.

This meeting was convened by the board of directors of the Company, and was chaired by Mr. Zhao Zhong, the chairman of the board. The convening and holding procedures, the qualifications of the attendees, the qualifications of the convenor, the voting procedures and the voting results all comply with the relevant laws and regulations such as the Company Law and the Rules for Meetings of Listed Company Shareholders, as well as the Articles of Association.

(V) Attendance of the Company’s directors and the secretary of the board of directors

1. The Company has 7 directors in office, and 7 attended;

2. The Company’s secretary of the board of directors attended this meeting; senior management personnel attended this meeting as observers. Lawyers from Beijing Zhonglun (Shenzhen) Law Firm witnessed this meeting in person.

II. Consideration of Proposals

(I) Non-cumulative voting proposals

1. Proposal name: Proposal on purchasing assets by means of equity acquisition and capital increase, and related-party transaction

Voting result: Approved

Voting situation:

■

2. Proposal name: Proposal on the estimated cap for external guarantees for 2026

Voting result: Approved

Voting situation:

■

(II) Proposals involving major matters, voting situation of shareholders holding less than 5%

■

(III) Explanations regarding the relevant matters concerning voting on the proposals

Proposal 1 considered at this general meeting is an ordinary resolution proposal. It was approved by more than half of the total voting rights held by the shareholders with voting rights participating in the on-site and online voting (including shareholder proxies). Proposal 2 is a special resolution proposal. It was approved by more than two-thirds of the total voting rights held by the shareholders with voting rights participating in the on-site and online voting (including shareholder proxies).

III. Legal Counsel’s Witnessing

1. Law firm witnessing this general meeting: Beijing Zhonglun (Shenzhen) Law Firm

Lawyers: Zhu Qiang, Qin Guobiao

2. Legal counsel’s concluding opinions:

Our firm holds that the convening and holding procedures of this general meeting comply with the Company Law, the Rules for Meetings of Shareholders and the Company’s Articles of Association. The qualifications of the attendees and the qualifications of the convenor are lawful and effective. The voting procedures and the voting results of this meeting are lawful and effective.

This announcement is hereby issued.

Board of Directors of Hunan Heshun Petroleum Co., Ltd.

April 4, 2026

● Documents to be published online

《Legal Opinion on the First Extraordinary General Meeting of 2026 of Hunan Heshun Petroleum Co., Ltd. issued by Beijing Zhonglun (Shenzhen) Law Firm》

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