The Board of Kunlun Energy Company Limited recommended the payment of a special dividend of RMB 213.66 cents per share to shareholders whose names appear on the company's register of members (the "Shareholders Register") on 3 June 2021. The payment of the special dividend is subject to (i) the completion of the disposal of 60% equity interest in Beijing Pipeline and 75% equity interest in Dalian LNG (the "Transaction") in accordance with the terms and conditions under the equity transfer agreement ("Equity Transfer Agreement") entered into between the Company and PipeChina on 20 December 2020; (ii) the receipt by the company of the proceeds from the Transaction; and (iii) the approval of the Shareholders at the 2021 AGM. The payment is expected to be made on or before 30 July 2021.