HUARONG ENERGY (01101) announced that on or around December 10, 2025, the company received letters (the "Request") dated December 9, 2025, from the following parties: (1) Venture Sky Group Limited, holding 110 million shares of the company; (2) Hongyi Victory Investment Limited, holding 268 million shares of the company; (3) White Glory Global Limited, holding 104 million shares of the company; (4) Ladder Success Limited, holding 50 million shares of the company.

Collectively, these parties hold 532 million shares (referred to as the "Requesting Shareholders"), representing approximately 11.15% of the company’s total issued shares.

The Requesting Shareholders have urged the Board of Directors (the "Board") to convene an extraordinary general meeting (EGM) in accordance with Article 12.3 of the company’s Articles of Association, to consider and pass the following ordinary resolutions: 1. "To appoint Mr. Zhou Bin as an executive director of the company, effective immediately." 2. "To appoint Mr. Wang Ping as an executive director of the company, effective immediately." 3. "To appoint Mr. Huang Jianwei as an independent non-executive director of the company, effective immediately." 4. "To appoint Mr. Qiu Yiguo as an executive director of the company, effective immediately." 5. "To appoint Ms. Tang Jie as an independent non-executive director of the company, effective immediately." 6. "To appoint Mr. Wang Tianzi as a non-executive director of the company, effective immediately." 7. "To remove Mr. Niu Jianmin from his positions as Chairman of the Board and executive director of the company, effective immediately." 8. "To remove Mr. Hong Liang from his positions as Chief Executive Officer and executive director of the company, effective immediately." 9. "To remove Ms. Zhou Zhan from her position as an independent non-executive director of the company, effective immediately." 10. "To remove all directors appointed on or after the date of the Request but before the EGM, effective immediately."

Under Article 12.3 of the Articles of Association, any one or more shareholders holding at least one-tenth of the company’s paid-up capital with voting rights may submit a written request to the Board or the company secretary, demanding the Board to convene an EGM to address matters specified in the request.

If the Board fails to convene the meeting within 21 days of receiving the request (with the meeting to be held within 21 days after being convened), the Requesting Shareholders may proceed to convene the meeting themselves. The company shall reimburse reasonable expenses incurred due to the Board’s failure to act, provided that any such meeting must not be held later than three months after the request date.

The Board will arrange the EGM in accordance with the Articles, subject to proper verification of the Requesting Shareholders’ identities and shareholdings. The company is currently verifying the authenticity of the Request and confirming the shareholders’ identities and holdings.