Kunlun Energy Company Limited disclosed a series of on-market share repurchases executed between 25 March and 28 April 2026 under its existing mandate dated 29 May 2025.

Key details • Shares repurchased and pending cancellation: 9.44 million, equal to 0.11 % of the 8.66 billion shares in issue prior to the transactions. • Aggregate consideration: approximately HKD 70.42 million, implying a volume-weighted average price of HKD 7.46 per share. • Latest daily buyback (28 April 2026): 0.53 million shares at prices between HKD 7.45 and HKD 7.57, costing HKD 3.98 million. • Cumulative utilisation of the 865.88 million-share repurchase mandate: 9.44 million shares, or 1.09 % of the authorised limit.

Capital structure • Issued shares (excluding treasury shares) as at 28 April 2026: 8,658.80 million. • No new shares were issued during the period; the repurchased shares had not yet been cancelled by the reporting date, so the outstanding share count remains unchanged.

Regulatory timetable • In line with Hong Kong Listing Rules, Kunlun Energy is subject to a moratorium on new share issues or treasury-share sales until 28 May 2026 (30 days after the most recent repurchase).

The company confirmed that all buybacks complied with Hong Kong Stock Exchange requirements and with the terms of its Explanatory Statement dated 30 April 2025.