Kunlun Energy Company Limited disclosed a Next Day Disclosure Return dated 7 May 2026, confirming continued execution of its on-market share repurchase programme.

• Share capital unchanged The company’s issued share capital remains at 8.66 billion ordinary shares. No new shares were issued and none of the repurchased shares have yet been cancelled, leaving the closing balance unchanged from 30 April 2026.

• Latest transaction On 7 May 2026, Kunlun Energy bought back 600,000 shares on the Hong Kong Stock Exchange at prices between HK$7.42 and HK$7.55, spending HK$4.50 million. The purchase represents 0.0069 % of the company’s issued shares.

• Cumulative activity since 25 March 2026 Including the latest trade, Kunlun Energy has repurchased 17 tranches of shares—12.53 million shares in total—awaiting cancellation. – Proportion of share capital at mandate date: 0.1447 % – Estimated aggregate consideration (based on disclosed average prices): HK$93.66 million, implying an average repurchase price of HK$7.48 per share.

• Repurchase mandate headroom The existing shareholder mandate (approved 29 May 2025) permits buy-backs of up to 865.88 million shares. After the 12.53 million shares already bought, approximately 853.35 million shares, or 98.55 % of the mandate, remain available.

• Moratorium on new issues Under Main Board Rule 10.06(3)(a), Kunlun Energy is barred from issuing new shares until 7 June 2026, 30 days after the most recent buy-back.

The company states that the repurchases were conducted in compliance with Hong Kong Listing Rules and that no material changes have been made to the explanatory statement dated 30 April 2025.