Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibilities 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.

POLL RESULTS OF EXTRAORDINARY GENERAL MEETING

HELD ON 3 MARCH 2021

The Board is pleased to announce that all the resolutions proposed at the EGM held on 3 March 2021 were duly passed by way of poll.

Reference is made to the circular (the "Circular") and the notice (the "Notice") of extraordinary general meeting (the "EGM") of Shandong Molong Petroleum Machinery Company Limited* (the "Company") dated 8 February 2021. Unless the context requires otherwise, terms used in this announcement shall have the same meanings as those defined in the Circular and the Notice.

The EGM was held at the conference room at No. 999 Wensheng Street, Shouguang City, Shandong Province, the People's Republic of China on Wednesday, 3 March 2021. The resolutions at the EGM were put to vote by way of poll as required under the Hong Kong Listing Rules.

POLL RESULTS OF THE EGM

The Board is pleased to announce that the poll results in respect of the resolutions proposed at the EGM are as follows:

Special Resolution （Non-cumulative voting）

Number of Votes

For (Number of shares / percentage)

Against (Number of shares / percentage)

Abstain (Number of shares / percentage)

1

To consider and, if thought fit, approve the resolution in relation to the change of business scope of the Company and amendments to the Articles of Association

H Shares：338,920

（0.1412%） A Shares：

239,356,732

（99.7344%）

Total：239,695,652

（99.8756%）

H Shares：0

（0.00%）

A Shares：272,500

（0.0011%）

Total：272,500

（0.0011%）

H Shares：0

（0.00%）

A Shares：2,600

（0.0108%）

Total：2,600

（0.0108%）

Ordinary Resolutions

Number of Votes

（Non-cumulative voting）

For (Number of shares / percentage)

Against (Number of shares / percentage)

Abstain (Number of shares / percentage)

2

To consider and approve the resolution in relation to the purchase of liability insurance for the Company, directors, supervisors and senior management of the Company

H Shares：338,920

（0.1412%） A Shares：

238,912,312

（99.5492%）

Total：239,251,232

（99.6904%）

H Shares：0

（0.00%）

A Shares：712,920

（0.0031%）

Total：712,920

（0.0031%）

H Shares：0

（0.00%）

A Shares：0

（0.00%）

Total：0

（0.00%）

3

To consider and approve the resolution in relation to the amendments to the "Rules of Procedures of Supervisory Committee Meetings"

H Shares：338,920

（0.1412%） A Shares：

238,918,312

（99.5517%）

Total：239,257,232

（99.6929%）

H Shares：0

（0.00%）

A Shares：736,920

（0.0031%）

Total：736,920

（0.0031%）

H Shares：0

（0.00%）

A Shares：0

（0.00%）

Total：0

（0.00%）

As more than two-third of the votes were cast in favour of the resolution numbered 1 above, such resolution was duly passed as a special resolution of the Company. As more than half of the votes were cast in favour of the resolutions numbered 2 to 3 above, such resolutions were duly passed as ordinary resolutions of the Company.

The total number of issued Shares of the Company as at the date of the EGM was 797,848,400 Shares, including 541,722,000 A Shares and 256,126,400 H Shares.

The total number of Shares entitling the Shareholders to attend and vote for or against the above-mentioned resolutions at the EGM was 797,848,400 Shares, comprising 256,126,400 H Shares (i.e. the total number of issued H Shares of the Company) and 541,722,000 A Shares (i.e. the total number of issued A Shares of the Company).

There were no Shares entitling the Shareholders to attend the EGM and abstain from voting in favour of the resolutions above under Rule 13.40 of the Hong Kong Listing Rules and no Shareholders were required under the Hong Kong Listing Rules to abstain from voting at the EGM.

Shareholders and their authorized proxies holding an aggregate of 239,994,152 Shares, representing approximately 30.08% of the total issued share capital of the Company, were present at the EGM. The holding of the EGM was in compliance with the requirements of the Company Law of the PRC and the Articles of Association.

No party has stated his/her/its intention in the Circular to vote against any of the above-mentioned resolutions or to abstain from voting at the EGM.

In compliance with the requirements of the Hong Kong Listing Rules, ShineWing Certified PublicAccountants Ltd, the auditor of the Company, was appointed as the scrutineer for vote-taking at the EGM.

By order of the Board of

Shandong Molong Petroleum Machinery Company Limited*

Yang Yun Long

Chairman

Shandong, the PRC

3 March 2021

As at the date of this announcement, the Board comprises the executive Directors, namely Mr. Yang Yun Long, Mr. Yuan Rui, Mr. Liu Min and Mr. Li Zhi Xin; the non-executive Directors, namely Mr. Yao You Ling and Mr. Wang Quan Hong; and the independent non-executive Directors, namely Mr. Tang Qing Bin, Mr. Song Zhi Wang and Mr. Cai Zhong Jie.

* For identification purpose only

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Shandong Molong Petroleum Machinery Co. Ltd. published this content on 03 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2021 11:51:07 UTC.