AAG Energy : CHANGE OF JOINT COMPANY SECRETARY AND AUTHORISED REPRESENTATIVE

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AAG Energy Holdings Limited

亞 美 能 源 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2686)

CHANGE OF JOINT COMPANY SECRETARY

AND

AUTHORISED REPRESENTATIVE

The board (the ''Board'') of directors (the ''Directors'') of AAG Energy Holdings Limited (the ''Company'') is pleased to announce that on 13 July 2022, The Stock Exchange of Hong Kong Limited (the ''Stock Exchange'') has confirmed that Ms. Su Xiaohang (''Ms. Su''), one of the joint company secretaries of the Company, satisfies the requirements to act as the sole company secretary of the Company under Rules 3.28 and 8.17 of the Rules Governing the Listing of Securities on the Stock Exchange (the ''Listing Rules'') (the ''Confirmation'').

Following the Confirmation, Mr. Chiu Ming King (''Mr. Chiu'') has tendered his resignation as the joint company secretary and one of the authorised representatives of the Company under Rules 3.28 and 3.05 of the Listing Rules with effect from 22 July 2022 and Ms. Su has been appointed as the sole company secretary and one of the authorised representatives of the Company with effect from 22 July 2022.

Ms. Su Xiaohang (蘇曉航), aged 36, is the company secretary, person in charge of the Risk Control and Compliance and a member of the ESG Working Group of the Company. Ms. Su has served as the manager of the board of Directors' office (董事會辦公室主任) of the Company since September 2018 and she has been appointed as a joint company secretary and the Board secretary of the Company in April 2019. She has been appointed as the person in charge of the Risk Control and Compliance of the Company in January 2021 and appointed as a member of the ESG Working Group of the Company on 19 August 2021. She is primarily responsible for implementing good corporate governance and the Group's compliance matters, investors' and public relations management. Ms. Su has over seven years of experience in the financial services and investment industry. Before joining the Company, she worked as an investment manager in the investment department at Chinastone Capital Management Limited (濤石股權投資管理(上海)股份有限公司) from November 2016 to August 2018. She served as a branch finance manager in the finance department at

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the Beijing Branch of the Standard Chartered Bank (China) Limited (渣打銀行(中國)有限公 司北京分行) from February 2014 to November 2016. From January 2011 to January 2014, she worked as a senior auditor at the Beijing office of Deloitte Touche Tohmatsu CPA Ltd. (德勤‧華永會計師事務所) under the audit group of global financial service industry. Ms. Su obtained a master's degree of science in International Accounting and Finance at the University of Birmingham (伯明翰大學), United Kingdom, in 2010. She obtained the Securities Qualification Certificate from the Asset Management Association of China (中國 證券投資基金業協會) in June 2017. She is a member of the Association of Chartered Certified Accountants.

Mr. Chiu has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation as the joint company secretary and one of the authorised representatives of the Company that need to be brought to the attention of the shareholders of the Company and the Stock Exchange.

The Company would like to express its sincere gratitude to Mr. Chiu for his contribution to the Company during his tenure of service as the joint company secretary and one of the authorised representatives of the Company.

By order of the Board

AAG Energy Holdings Limited

Ming Zaiyuan

Chairman and Executive Director

Hong Kong, 25 July 2022

As at the date of this announcement, the executive Directors are Mr. Ming Zaiyuan, Mr. Yan Danhua, and Mr. Zhang Jianbing; the non-executive Director is Mr. Huang Min; and the independent non-executive Directors are Mr. Tai Kwok Leung Alexander, Dr. Liu Xiaofeng and Dr. Yang Ruizhao.

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