China Huarong Energy Company Limited announced that a group of shareholders requested the company’s board to convene an extraordinary general meeting (EGM) to consider the removal of certain directors and the appointment of new ones. However, after reviewing the shareholders' list as of 9 December 2025, the company determined that the requisitionists held only 9.7% of the issued share capital, which does not meet the requirements stipulated in the company’s Articles of Association. As a result, the company is not obligated to hold the requested EGM and has informed the requisitionists accordingly. The company stated it will continue to communicate with stakeholders.
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