JX Energy Ltd. has announced a special meeting of shareholders to be held on February 12, 2026 at 6:00 p.m. (Calgary time) / February 13, 2026 at 9:00 a.m. (Hong Kong time) at Suite 900, 717 7th Avenue SW, Calgary, Alberta T2P 0Z3, Canada. The meeting will consider a loan capitalization agreement dated October 31, 2025, entered into among the company, Jixing Energy (Canada) Ltd., and Mr. Yongtan Liu.

Under the agreement, C$3,838,150 due from the company to Mr. Liu will be settled in full. In addition, C$7,494,290 out of the total of C$33,157,677.72 owed to Jixing Energy will be settled through the allotment and issuance of 210,000,000 new common shares at HK$0.30 per share to Mr. Liu. Shareholders will also be asked to vote on an ordinary resolution granting a specific mandate to the board of directors to issue these new shares, subject to the Stock Exchange granting the required listing approval.

Only shareholders of record as at 4:30 p.m. (Hong Kong time) and 1:30 a.m. (Calgary time) on February 9, 2026 will be entitled to vote at the meeting. A management information circular containing details of the proposed loan capitalization, along with proxy voting instructions, will be dispatched on or before January 29, 2026. Shareholders unable to attend are advised to submit their proxies according to the instructions provided, ensuring they are received no later than 48 hours (excluding weekends and holidays) prior to the time of the meeting.