CHK Oil Proposes Comprehensive Bye-Law Amendments to Align with Updated HKEX Rules and Introduce Treasury Share Capability

Bulletin Express03-31

On 31 March 2026, CHK Oil Limited announced a set of proposed amendments to its existing Bye-laws, aiming to modernise corporate governance and align with recent revisions to the Listing Rules of The Stock Exchange of Hong Kong Limited (HKEX).

Key elements of the proposal include: 1. Governance Modernisation: Incorporation of provisions for electronic corporate communications, hybrid shareholder meetings, electronic voting and the use of electronic addresses for proxies, reflecting recent HKEX rule changes. 2. Capital Management Flexibility: Introduction of a mechanism allowing CHK Oil to hold treasury shares, expanding its options for future capital management. 3. Market Infrastructure Alignment: Adaptation of the Bye-laws to comply with the upcoming Uncertificated Securities Market (USM) regime, facilitating paperless share transfers. 4. Regulatory Conformity: Adjustments to ensure consistency with other updated HKEX requirements and relevant Bermuda laws, accompanied by consequential and housekeeping refinements.

The amendments will be submitted for shareholder approval via special resolution at the forthcoming annual general meeting (AGM). A circular detailing the proposed changes and the AGM notice will be dispatched to shareholders in due course.

As of the announcement date, the Board comprises: • Executive Directors: Yu Zhibo (Chairman), Jin Ailong, and Wong Wai Sze • Non-Executive Directors: Zheng Ye and Wong Wai Yin Viola • Independent Non-Executive Directors: Zhong Bifeng, Huang Qingwei, and Chen Yawei

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