Techcomp : Constitutional Documents BYE-LAWS

BYE-LAWS

OF

Yunnan Energy International Co. Limited 雲能國際股份有限公司

(as approved by a Special Resolution at a special general meeting passed on 23 March 2016, and amended pursuant to a Special Resolution at a special general meeting passed on 18

October 2018 with effect from 26 October 2018)

(This is a consolidated version of the Company's Bye-Laws and the consolidated version has not formallyadopted by the shareholders of Yunnan Energy International Co. Limited 雲能國際股份有限公司 at a generalmeeting.)

(This consolidated version has a Chinese version for reference only. In case there is any discrepancy orinconsistency between the English and Chinese versions, the English verison will prevail.)

Appleby

2206-19 Jardine House

1 Connaught Place

Central

Hong Kong

TABLE OF CONTENTS

PRELIMINARY .......................................................................................................................................................................... 2

SHARES, WARRANTS AND MODIFICATION OF RIGHTS ................................................................................................. 6

SHARES AND INCREASE OF CAPITAL ................................................................................................................................ 8

REGISTER OF SHAREHOLDERS AND SHARE CERTIFICATES ...................................................................................... 11

LIEN .......................................................................................................................................................................................... 12

CALLS ON SHARES ................................................................................................................................................................ 13

TRANSFER OF SHARES ......................................................................................................................................................... 15

TRANSMISSION OF SHARES ................................................................................................................................................ 17

FORFEITURE OF SHARES ..................................................................................................................................................... 18

ALTERATION OF CAPITAL .................................................................................................................................................. 20

GENERAL MEETINGS ............................................................................................................................................................ 21

PROCEEDINGS AT GENERAL MEETINGS ......................................................................................................................... 23

VOTES OF SHAREHOLDERS ................................................................................................................................................ 25

PROXIES AND CORPORATE REPRESENTATIVES ........................................................................................................... 26

REGISTERED OFFICE ............................................................................................................................................................ 30

BOARD OF DIRECTORS ........................................................................................................................................................ 30

APPOINTMENT AND RETIREMENT OF DIRECTORS ...................................................................................................... 34

BORROWING POWERS .......................................................................................................................................................... 35

MANAGING DIRECTORS, ETC ............................................................................................................................................. 36

MANAGEMENT ....................................................................................................................................................................... 37

MANAGERS ............................................................................................................................................................................. 38

CHAIRMAN AND OTHER OFFICERS .................................................................................................................................. 38

PROCEEDINGS OF THE DIRECTORS .................................................................................................................................. 38

MINUTES .................................................................................................................................................................................. 41

SECRETARY ............................................................................................................................................................................ 42

GENERAL MANAGEMENT AND USE OF THE SEAL ....................................................................................................... 42

AUTHENTICATION OF DOCUMENTS ................................................................................................................................ 44

CAPITALISATION OF RESERVES ........................................................................................................................................ 45

DIVIDENDS, CONTRIBUTED SURPLUS AND RESERVES ............................................................................................... 46

DISTRIBUTION OF REALISED CAPITAL PROFITS ........................................................................................................... 52

ANNUAL RETURNS ............................................................................................................................................................... 52

ACCOUNTS .............................................................................................................................................................................. 52

AUDITORS ............................................................................................................................................................................... 54

NOTICES ................................................................................................................................................................................... 55

WINDING-UP ........................................................................................................................................................................... 57

INDEMNITY ............................................................................................................................................................................. 57

UNTRACEABLE SHAREHOLDERS ...................................................................................................................................... 58

DESTRUCTION OF DOCUMENTS ........................................................................................................................................ 59

RESIDENT REPRESENTATIVE ............................................................................................................................................. 60

MAINTENANCE OF RECORDS ............................................................................................................................................. 60

SUBSCRIPTION RIGHT RESERVE ....................................................................................................................................... 61

RECORD DATES ..................................................................................................................................................................... 63

THE STOCK .............................................................................................................................................................................. 64

INFORMATION ........................................................................................................................................................................ 64

2

BYE-LAWS

(As approved by a Special Resolution at a special general meeting passed on 23 March 2016, and amended pursuant to a Special Resolution at a special general meeting passed on 18 October 2018 with effect from 26 October 2018)

OF

Yunnan Energy International Co. Limited 雲能國際股份有限公司

PRELIMINARY

1.

(A)The marginal notes to these Bye-Laws shall not be deemed to be part of these Bye-Laws and shall not affect their interpretation and, in the interpretation of these Bye-Laws, unless there be something in the subject or context inconsistent therewith:

Marginal Notes

"appointed newspaper" shall have the meaning as defined in the Companies Act;

Definitions

"address" shall have the ordinary meaning given to it and shall include any facsimile number, electronic number or address or website used for the purposes of any communication pursuant to these Bye-Laws;

"associate(s)" shall have the meaning attributed to it in the rules of the relevant Designated Stock Exchange;

HKLR App.3 para.4(1)

"Auditors" shall mean the persons for the time being performing the duties of that office;

"Bermuda" shall mean the Islands of Bermuda;

"the Board" shall mean the board of directors of the Company as constituted from time to time or (as the context may require) the majority of Directors present and voting at a meeting of the Directors at which a quorum is present;

"these Bye-Laws" or "these presents" shall mean these Bye-Laws in their present form and all supplementary, amended or substituted Bye-Laws for the time being in force; "call" shall include any instalment of a call;

"capital" shall mean the share capital from time to time of the Company;

"clear days", in relation to a notice and/or a meeting shall mean a period of days exclusive of the day on which it is served or deemed to be served and of the day for which it is given or scheduled to occur;

"clearing house" shall mean a clearing house recognised by the relevant Designated Stock Exchange;

"the Chairman" shall mean the Chairman presiding at any meeting of shareholders or of the Board;

"the Companies Act" shall mean the Companies Act 1981 of Bermuda as may from time to time be amended;

"the Company" or "this Company" shall mean Yunnan Energy International Co. Limited 雲能國際股份有限公司 which was incorporated in Bermuda on the 26 January 2004;

"corporate representative" shall mean any person appointed to act in that capacity pursuant to Bye-law 86;

"debenture" and "debenture holder" shall respectively include "debenture stock" and "debenture stockholder";

"depositor", "Depository" and "Depository Register" shall have meanings ascribed to them respectively in the Singapore Companies Securities and Futures Act;

"Designated Stock Exchange" shall mean the Singapore Exchange Securities Trading Limited and/or The Stock Exchange of Hong Kong Limited and/or and other stock exchange(s) which the shares of the Company are listed and quoted on, and where the context requires and where it is applicable;

"Director" shall mean a director of the Company and shall include an alternate director;

"dividend" shall include scrip dividends, distributions in specie or in kind, capital distributions and capitalisation issues, if not inconsistent with the subject or context;

"electronic" shall mean relating to technology having electrical, digital, magnetic, wireless, optical electromagnetic or similar capabilities and such other meanings as given to it in the Electronic Transactions Act 1999 of Bermuda as may be amended from time to time;

"full financial statements" shall mean the financial statements that are required under section 87(1) of the Companies Act as may be amended from time to time;

"Head Office" shall mean such office of the Company as the Directors may from time to time determine to be the principal office of the Company;

"HK Companies Ordinance" shall mean the Companies Ordinance (Chapter 32 of the Laws of Hong Kong) or may from time to time amended;

"holding company" and "subsidiary" shall have the meanings ascribed to them by the Companies Act;

"market day" shall mean a day on which the Designated Stock Exchange is open for trading in securities;

"Member" or "shareholder" shall mean a duly registered holder from time to time of a share;

"month" shall mean a calendar month;

"Newspapers", in relation to the publication in newspapers of any notice, shall mean a daily English language newspaper published and circulating generally in the Relevant Territory and specified for this purpose by the stock exchange in the Relevant Territory;

"paid up" in relation to a share, shall mean paid up or credited as paid up;

"the Principal Register" shall mean the register of shareholders of the Company maintained in Bermuda;

"the register" shall mean the Principal Register and any branch register of shareholders to be kept pursuant to the provisions of the Statutes;

"Registered Office" shall mean the registered office of the Company for the time being;

"Registration Office" shall mean in respect of any class of share capital, such place or places in the Relevant Territory or elsewhere where the Directors from time to time determine to keep a branch register of shareholders in respect of that class of share capital and where (except in cases where the Directors otherwise agree) transfers or other documents of title for such class of share capital are to be lodged for registration and are to be registered;

"Relevant Territory" shall mean Singapore, Hong Kong or such other territory as the Directors may from time to time decide if the issued ordinary share capital of the Company is listed on a stock exchange in such territory;

"Seal" shall mean any one (1) or more common seals from time to time of the Company for use in Bermuda or in any place outside Bermuda;

"Secretary" shall mean the person or corporation for the time being performing the duties of that office;