Yanchang Petroleum International Limited at the SGM held on August 31, 2021 approved, confirmed and ratified the Loan Agreement entered into between the Company and Yanchang Petroleum HK in relation to the loan granted to the Company by Yanchang Petroleum HK in a principal amount of USD 22,000,000 (equivalent to approximately HKD 170,675,000) and the transactions contemplated thereunder.