Jutal Offshore Oil Services : CHANGE OF DATE AND VENUE OF ANNUAL GENERAL MEETING AND BOOK CLOSURE PERIODS

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.

巨 濤 海 洋 石 油 服 務 有 限 公 司

Jutal Offshore Oil Services Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 03303)

CHANGE OF DATE AND VENUE OF ANNUAL GENERAL MEETING AND BOOK CLOSURE PERIODS

Reference is made to the supplementary announcement in relation to the annual results announcement for the year ended 31 December 2020 of Jutal Offshore Oil Services Limited (the "Company") dated 31 March 2021, the circular (the "Circular") and notice (the "Notice"), both dated 21 April 2021, and the accompanying proxy form (the "Proxy Form") in relation to the annual general meeting ("AGM") of the Company originally scheduled to be held on Friday, 21 May 2021. Unless the context otherwise requires, capitalised terms used in this announcement shall have the same meanings as defined in the Circular.

CHANGE OF DATE AND VENUE OF THE ANNUAL GENERAL MEETING

The board (the "Board") of Directors announces that the AGM which was originally scheduled to be held on Friday, 21 May 2021 at 11:00 a.m. at the meeting room of the Company on 10th Floor, Chiwan Petroleum Building, Shekou, Shenzhen, the People's Republic of China has been postponed and rescheduled to be held on Monday, 28 June 2021 at 11:00 a.m. (the "Postponed AGM") at the meeting room on 5th Floor, Standard Chartered Bank Building, 4-4A Des Voeux Road Central, Hong Kong, China. The purpose of the aforesaid change of date and venue of the AGM is to facilitate attendance of the Company's public Shareholders in Hong Kong.

CHANGE OF BOOK CLOSURE PERIODS

In order to establish the identity of the Shareholders who are entitled to attend and vote at the Postponed AGM, the register of members of the Company will be closed from Wednesday, 23 June 2021 to Monday, 28 June 2021 (both days inclusive). In order to be qualified for attending to vote during the Postponed AGM, all transfers accompanied by the relevant share certificates must be lodged with the Company's share registrar, Tricor Investor Services Limited, Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong not later than 4:30 p.m. on Tuesday, 22 June 2021.

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For the avoidance of doubt, the register of members of the Company will not be closed from Monday, 17 May 2021 to Friday, 21 May 2021 (both days inclusive).

Further, if the declaration of the final dividend has been approved at the Postponed AGM, the register of members of the Company will be closed from Monday, 5 July 2021 to Wednesday, 7 July 2021 (both days inclusive). In order to establish entitlement to the proposed final dividend, all transfers accompanied by the relevant share certificates must be lodged with the Company's share registrar, Tricor Investor Services Limited, Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong not later than 4:30 p.m. on Friday, 2 July 2021.

If the declaration of the final dividend has been approved at the Postponed AGM, the dividend will be payable on or before Friday, 23 July 2021.

For the avoidance of doubt, the register of members of the Company will not be closed from Friday, 28 May 2021 to Tuesday, 1 June 2021 (both days inclusive).

Save as disclosed in this announcement, the remaining content of the Notice, Circular and Proxy Form (including the resolutions originally specified) remains unchanged.

The revised Notice, together with the revised Proxy Form, will be available in due course. The Proxy Forms previously deposited with the share registrar of the Company in Hong Kong, Tricor Investor Services Limited, will still be valid for the purpose of the Postponed AGM. The Shareholders wishing to deposit the revised Proxy Form (which supersedes any previous Proxy Form deposited with the branch share registrar of the Company in Hong Kong) may do so in accordance with the instructions printed thereon.

By order of the Board

JUTAL OFFSHORE OIL SERVICES LIMITED

Wang Lishan

Chairman

Hong Kong, 9 May 2021

As at the date of this announcement, the executive directors are Mr. Wang Lishan (Chairman), Mr. Liu Lei (Deputy Chairman), Mr. Cao Yunsheng, Mr. Gao Zhiqiang, Mr. Wang Ningsheng and Mr. Liu Yunian; and the independent non-executive directors are Mr. Su Yang, Mr. Qi Daqing and Mr. Zheng Yimin.

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