Shandong Molong Petroleum Machinery Company Limited (stock code: 00568) has called a second extraordinary general meeting (EGM) for 8 April 2026 to request a fresh general mandate authorising the board to issue, allot or deal with up to 20% of the company’s existing issued share capital in H shares.

The proposed mandate would allow the directors to issue or transfer up to 159.57 million H shares—based on the company’s 797.85 million total issued shares as of 13 March 2026 and the absence of treasury shares. The authority, if granted, will remain valid until the earliest of: (1) the conclusion of the next annual general meeting, (2) 12 months after approval, or (3) revocation or variation by shareholders.

In addition to primary issuance, the mandate covers: • Creation of convertible instruments such as warrants or bonds. • Determining detailed issuance terms—including pricing, timing and use of proceeds—at the board’s discretion. • Amending the Articles of Association to reflect any enlarged share capital. • Engaging intermediaries and completing all necessary regulatory filings in mainland China and Hong Kong.

Register of members for H shareholders will be closed from 31 March 2026 to 8 April 2026 (both dates inclusive). Transfers must be lodged with Tricor Investor Services Limited by 4:30 p.m. on 30 March 2026 to qualify for attendance and voting. Proxy forms are due 24 hours before the EGM.

The board unanimously recommends shareholders vote in favour of the special resolution.