China Huarong Energy : Poll Result of Extraordinary General Meeting Held on 17 May 2017

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

中 國 華 榮 能 源 股 份 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

The Board is pleased to announce that at the EGM held on 17 May 2017, the Resolution was duly passed by the Shareholders by way of poll.

Reference is made to the notice of the extraordinary general meeting of China Huarong Energy Company Limited (the "Company") dated 29 April 2017 (the "EGM Notice") and the circular of the Company dated 29 April 2017 (the "Circular"). Unless the context requires otherwise, capitalised terms used herein shall have the same meanings as those defined in the Circular.

The Board is pleased to announce that at the EGM held on 17 May 2017, the proposed resolution as set out in the EGM Notice (the "Resolution") was duly passed by the Shareholders by way of poll. Computershare Hong Kong Investor Services Limited, the Company's share registrar in Hong Kong, was appointed as the scrutineer for the vote-taking at the EGM. The poll result in respect of the Resolution was as follows:

Note: The full text of the Resolution is set out in the EGM Notice.

As at the date of the EGM, the issued share capital of the Company comprised 2,171,591,507 Shares. As stated in the Circular, Credit Suisse (Hong Kong) Limited (being the holder of the 2018 Convertible Bonds) and its associates, who together were interested in 4,253,369 Shares and representing approximately 0.20% of the total issued share capital of the Company as at the date of the EGM, were required to abstain, and had abstained, from voting in favour of the Resolution at the EGM. As such, the total number of Shares entitling the Shareholders to attend and vote for or against the Resolution at the EGM was 2,167,338,138 Shares, representing approximately 99.80% of the issued share capital of the Company as at the date

of the EGM. Save as disclosed above, no Shareholder was required under the Listing Rules to abstain from voting in favour of the Resolution at the EGM, and there was no other restriction on the Shareholders in casting their votes on the Resolution at the EGM.

By Order of the Board

China Huarong Energy Company Limited LEE Man Yee

Company Secretary

Hong Kong, 17 May 2017

As at the date of this announcement, the directors of the Company are: Executive directors:

Mr. CHEN Qiang (Chairman), Mr. HONG Liang, Mr. WANG Tao, Ms. ZHU Wen Hua and Mr. ZHANG Ming;

Independent non-executive directors:

Mr. WANG Jin Lian, Ms. ZHOU Zhan and Mr. LAM Cheung Mau.