Jutal Offshore Oil Services AGM: Ordinary Resolutions Clear, New Articles Rejected on 75% Threshold

Bulletin Express06-05

Jutal Offshore Oil Services (Jutal) announced the voting outcomes of its Annual General Meeting held on 5 June 2026. All five ordinary resolutions received majority support, while the special resolution to adopt a new set of amended and restated Articles of Association fell short of the 75 % approval requirement.

Key AGM Statistics • Issued share capital entitled to vote: 2.49 billion shares • All voting conducted by poll, with Tricor Investor Services acting as scrutineer • All directors attended the meeting in person or electronically

1. Adoption of 2025 Financial Statements – For: 1.78 billion votes (99.995 %) – Against: 0.08 million votes (0.005 %) The consolidated financial statements and the Board and auditor reports for the year ended 31 December 2025 were approved.

2. Re-election of Independent Non-Executive Directors a. Ms. Choy So Yuk – For: 1.14 billion votes (63.89 %) – Against: 642.15 million votes (36.11 %) b. Mr. Tam Kin Yip – For: 1.14 billion votes (63.89 %) – Against: 642.18 million votes (36.11 %) c. Mr. Zhang Hua – For: 1.14 billion votes (63.89 %) – Against: 642.15 million votes (36.11 %) All three directors were re-elected, and the Board is authorised to fix their remuneration.

3. General Mandates • Issuance Mandate (Resolution 3A) – For: 1.12 billion votes (63.26 %) – Against: 653.44 million votes (36.74 %) • Share Repurchase Mandate (Resolution 3B) – For: 1.14 billion votes (63.92 %) – Against: 641.59 million votes (36.08 %) • Extension Mandate (Resolution 4) – For: 1.13 billion votes (63.26 %) – Against: 653.42 million votes (36.74 %) All three mandates were granted, authorising the Board to issue, repurchase and extend the share issuance capacity of the Company.

4. Auditor Re-appointment – For: 1.78 billion votes (99.999 %) – Against: 0.02 million votes (0.001 %) Grant Thornton Hong Kong Limited was re-appointed as auditor, with remuneration to be set by the Board.

5. Special Resolution on Articles of Association – For: 1.14 billion votes (63.92 %) – Against: 641.59 million votes (36.08 %) The proposal to adopt amended and restated Articles of Association failed to reach the 75 % super-majority threshold and was therefore not approved.

The resolutions adopted provide Jutal with continued corporate governance stability, refreshed director mandates, and flexibility in capital management. The rejection of the new Articles of Association indicates that substantive constitutional changes will require broader shareholder consensus beyond a simple majority.

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