Kunlun Energy : Announcements and Notices - Special General Meeting Held on 19 December 2017 Poll Results

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(Stock Code: 00135.HK)

SPECIAL GENERAL MEETING HELD ON 19 DECEMBER 2017 -

POLL RESULTS

The Board announces that the ordinary resolution nos. (1) and (2) as set out in the notice of the SGM were duly passed by the Independent Shareholders by way of poll as ordinary resolutions at the SGM held on 19 December 2017.

Reference is made to the notice of the Special General Meeting (the "SGM") of Kunlun Energy Company Limited (the "Company") and the circular of the Company (the "Circular"), both dated 1 December 2017, regarding (1) the New Master Agreement and the transactions contemplated under the New Master Agreement; and (2)(i) the continuing connected transactions under Categories (a), (b), (c) and (d) as set out in the "Letter from the Board" in the Circular, and (ii) the Proposed Annual Caps for the continuing connected transactions under Categories (a), (b), (c) and (d) for each of the three years ending 31 December 2020. Unless otherwise defined herein, terms used in this announcement shall have the same meanings as those defined in the Circular.

The poll results in respect of the resolutions proposed at the SGM of the Company held on 19 December 2017 were as follows:

As at the date of the SGM, the issued share capital of the Company was 8,072,390,303 Shares. In view of the interests of CNPC and its associates (including PetroChina) in (1) the New Master Agreement and the transactions contemplated under the New Master Agreement; and (2) (i) the continuing connected transactions under Categories (a), (b), (c) and (d) as set out in the "Letter from the Board" in the Circular; and (ii) the Proposed Annual Caps for the continuing connected transactions under Categories (a), (b), (c) and (d) for each of the three years ending 31 December 2020, CNPC and its associates (including PetroChina) abstained from voting on the above resolutions nos. (1) and (2) at the SGM, and the remaining total number of Shares entitling the holders to attend and vote for or against the above resolutions proposed at the SGM was 3,086,656,170 Shares. There was no Share of the Company entitling any Shareholder to attend and vote only against the resolutions at the SGM.

Tricor Secretaries Limited, the Registrars of the Company, acted as the scrutineer for the poll at the SGM.

By Order of the Board Kunlun Energy Company Limited

Huang Weihe Chairman and Executive Director

Hong Kong, 19 December 2017

As at the date of this announcement, the Board comprises of Mr. Huang Weihe as the Chairman and Executive Director, Mr. Wu Enlai as the Executive Director, Mr. Zhao Yongqi as the Chief Executive Officer and Executive Director, Mr. Zhao Zhongxun as Executive Director, Mr. Ding Shilu as Executive Director, Mr. Zhang Yaoming as Executive Director, and Mr. Li Kwok Sing Aubrey, Dr. Liu Xiao Feng and Mr. Sun Patrick as Independent Non-Executive Directors.