China HK Power Smart Energy Group Limited (China HK Power) released a supplemental announcement clarifying the structure and next steps of two legally binding, 20-year Cooperation Agreements signed on 21 April 2026 with privately owned Al-Qimmah, an Independent Third Party.

The agreements establish three principal pillars:

1. Exclusive Oil & LNG Off-take • Al-Qimmah has appointed China HK Power as its principal purchaser and exclusive long-term distribution partner for global crude oil and LNG sales. • Supply will be sourced from Al-Qimmah’s contracted upstream and portfolio suppliers across the Middle East, Africa, Asia-Pacific and other agreed regions. • Target volumes are indicative rather than committed; failure to conclude specific transactions carries no material penalties.

2. Joint Global Oil & Gas Asset Investments • The parties intend to co-invest in international oil and gas assets. • Individual projects, funding structures and execution terms will be negotiated separately under definitive agreements.

3. Potential Strategic Equity Investment • A framework has been set for an equity participation between the two parties. • Scale, structure and terms remain under discussion and will require regulatory reviews and approvals.

Both agreements allow early termination or renewal and remain subject to the signing of detailed definitive contracts and satisfaction of applicable approvals. China HK Power will provide further disclosures upon material developments.

Investors are advised to exercise caution when dealing in the company’s securities until binding agreements are finalized.