Announcement of Resolutions from the 12th Meeting of the 11th Board of Directors (Temporary)

✨ AI Summary

The company's Board of Directors held a meeting to approve a stock issuance plan to raise funds for purchasing oil investment projects. The plan involves issuing A shares with a lock-up period of 6 months. The company also reviewed its financial situation, noting it does not meet listing requirements, and acknowledged recent significant financial reporting issues, regulatory investigations, and substantial losses over the past three years.

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I. Opening of the Board Meeting

Shandong Shengli Co., Ltd. (hereinafter referred to as "the Company") held the 12th meeting of the 11th Board of Directors (temporary) on April 26, 2026, via written communication.
The meeting was announced on April 29, 2026, via formal notification.
The board meeting complied with relevant laws, regulations, and the provisions of the Company’s Articles of Association.

II. Meeting Resolutions

The meeting discussed and passed the following matters:

(1) Review of the Company's Stock Issuance and Financing Plan

The Company approved the issuance of shares and the related financial arrangements. The stock issuance plan involves the issuance of shares to raise funds for purchasing oil investment projects held by Shandong Shengli Co., Ltd. and its subsidiaries.

(2) Issuance of Shares

The Company can issue shares to raise funds for purchasing oil investment projects, with the shares being common stock (A shares) valued at 1.00 yuan each.

(3) Pricing Standards and Issuance Price

The pricing standards for the issuance of shares are set according to the relevant regulations. The issuance price shall not be lower than 80% of the average trading price of the Company’s shares in the previous 20 trading days.

(4) Payment Methods for Stock Issuance and Financing

The Company can issue shares and raise funds through various payment methods, including cash and stock.

(5) Number of Shares Issued

The number of shares to be issued is calculated based on the total value of the transaction, which is 175,084.34 yuan.

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