Huarong Energy (01101): Shareholders submit requests to remove current directors and appoint new directors

Zhitong Finance App News, Huarong Energy (01101) issued an announcement. On or around December 10, 2025, the Company received letters (requests) from the following parties on December 9, 2025: (1) Venture Sky Group Limited, which holds 110 million shares of the Company; (2) Hongyi Shengli Investment Co., Ltd., which holds 268 million shares of the Company; Limited (3) White Glory Global, which holds 104 million shares of the Company; (4) ) Ladder Success Limited holds 50 million shares in the Company. The above parties hold a total of 532 million shares of the Company (collectively, the “Requestors”), accounting for approximately 11.15% of the total number of issued shares of the Company. The requester requests that the company's board of directors (board of directors) convene a special general meeting of the company's shareholders in accordance with section 12.3 of the articles of association to consider and pass the following resolution as an ordinary resolution of the company:

1. “The motion to appoint Mr. Zhou Bin as the company's executive director takes effect immediately.”

2. “The motion to appoint Mr. Wang Ping as the company's executive director takes effect immediately.”

3. “The motion to appoint Mr. Wong Kin-wai as an independent non-executive director of the Company takes effect immediately.”

4. “The motion to appoint Mr. Qiu Yiguo as an executive director of the Company takes effect immediately.”

5. “The motion to appoint Ms. Tang Jie as an independent non-executive director of the Company takes effect immediately.”

6. “The motion to appoint Mr. Wang Tianzi as a non-executive director of the Company takes effect immediately.”

7. “The motion to remove Mr. Niu Jianmin as Chairman of the Board of Directors and Executive Director of the Company takes effect immediately.”

8. “The motion to remove Mr. Hong Leung as CEO and Executive Director of the Company takes effect immediately.”

9. “The motion to remove Ms. Zhou Zhan as an independent non-executive director of the Company takes effect immediately.”

10. “The motion to remove all directors appointed as members of the company's board of directors on or after the date of submission of the request but before the holding of the special shareholders' meeting takes effect immediately.”

According to Section 12.3 of the Articles of Association, any member or members of the company holding not less than one-tenth of the company's paid share capital on the date of submission of the request and enjoying voting rights at the company's shareholders' meeting have the right to request the board of directors to hold a special general meeting of shareholders by submitting a written application to the board of directors or company secretary to deal with any matter specified in the request. If the board of directors fails to meet in accordance with regulations within 21 days from the date of receipt of the request for the meeting (the meeting will be held within 21 days after the board of directors is convened), the requester may hold its own meeting in the same manner. The company shall reimburse the requester for reasonable expenses arising from the failure of the board of directors to hold a meeting, but no such meeting shall be held three months after receipt of the request for the meeting.

The board of directors will hold a special general meeting of shareholders in accordance with the relevant provisions of the request in the articles of association, provided that the requester and their shareholding status have been properly confirmed.

The Company is verifying the authenticity of the request and verifying the identity of the requester and the company's shareholding status.