Design Capital Limited — Capital/Financing Update 2021

Dec 31, 2021

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

This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of the Company referred to in this announcement.

KING STONE ENERGY GROUP LIMITED 金山能源集團有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 00663)

REVISED EXPECTED TIMETABLE AND

DELAY IN DESPATCH OF PROSPECTUS DOCUMENTS IN RELATION TO THE RIGHTS ISSUE

Financial Adviser to the Company

INCU Corporate Finance Limited

Placing Agent

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DT Securities & Futures Co. Limited

Reference is made to (i) the announcements of the Company dated 16 November 2021; (ii) the delay announcement of the Company dated 2 December 2021 (the “ Delay Announcement ”); and (iii) the circular of the Company dated 8 December 2021 (the “ Circular ”) in relation to, among other things, the Share Consolidation, the Rights Issue, and the Placing. Capitalised terms used herein shall have the same meanings as defined in the Circular unless the context requires otherwise.

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DELAY IN DESPATCH OF THE CIRCULAR

As stated in the Delay Announcement and the Circular, the Prospectus Documents setting out details of the Rights Issue were expected to be despatched to the Qualifying Shareholders and to the extent reasonably practicable and legally permitted, the Prospectus was expected to be despatched to the Excluded Shareholders for their information only on Wednesday, 12 January 2022.

The Company wishes to draw the attention of the Shareholders that since additional time is required to prepare and finalise certain information for inclusion in the Prospectus Documents, the despatch date of the Prospectus Documents or the Prospectus (as the case may be) will be postponed from Wednesday, 12 January 2022 to Wednesday, 26 January 2022, and the expected timetable for the Rights Issue has been revised accordingly as follows.

REVISED EXPECTED TIMETABLE

The revised expected timetable of the proposed Rights Issue is set out below:

Event Date and Time

Last day of dealings in the Consolidated Shares on cum-rights basis relating to the Rights Issue. . . . . . . . . . . . . . . . . . . . Friday, 14 January 2022 First day of dealings in the Consolidated Shares on ex-rights basis relating to the Rights Issue . . . . . . . . . . . . . . . . . . . . Monday, 17 January 2022 Latest time for the Shareholders to lodge transfer of Consolidated Shares to qualify for the Rights Issue . . . . . . . . . . . . . . . . . . . . . . . 4:30 p.m. on Tuesday, 18 January 2022 Closure of register of members for the Rights Issue (both days inclusive) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Wednesday, 19 January 2022Tuesday, 25 January 2022 Record date for the Rights Issue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Tuesday, 25 January 2022 Register of members of the Company re-opens . . . . . . . . . . . . . . . . . . Wednesday, 26 January 2022 Despatch of Prospectus, PAL and EAF. . . . . . . . . . . . . . . . . . . . . . . . . Wednesday, 26 January 2022

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First day of dealings in nil-paid Rights Shares . . . . . . . . . . . . . . . . . . . . . . Friday, 28 January 2022 Latest time for splitting nil-paid Rights Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4:30 p.m. on Friday, 4 February 2022 Last day of dealing in nil-paid Rights Shares . . . . . . . . . . . . . . . . . . . Wednesday, 9 February 2022 Latest Time for Acceptance of and payment for the Rights Shares and application of excess Rights Shares . . . . . . . . . . . . . . . . . 4:00 p.m. on Monday, 14 February 2022 Announcement of the number of the Placing Shares subject to the Placing. . . . . . . . . . . . . . . . . . . . . Monday, 21 February 2022 Commencement of the Placing Period (if there are any Placing Shares available) . . . . . . . . . . . . . . . . . . . . . . Tuesday, 22 February 2022 Placing End Date for placing the Placing Shares (if applicable). . . . . . . . . .Tuesday, 1 March 2022 Rights Issue Settlement Date and Placing Completion Date . . . . . . . . . . Wednesday, 2 March 2022 Announcement of results of the Rights Issue, the application for excess Rights Shares and the Placing . . . . . . . . . . . . Thursday, 3 March 2022 Despatch of certificates for fully-paid rights shares and refund cheques in relation to wholly or partially unsuccessful applications for excess Rights Shares. . . . . . . . . . Friday, 4 March 2022 Commencement of dealings in fully-paid Rights Shares and Placing Shares . . . . . . . . . . . . . . . . . . . . . Monday, 7 March 2022 Designated broker starts to stand in the market to provide matching services for odd lots of the Rights Shares. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9:00 a.m. on Monday, 7 March 2022 Designated broker ceases to provide matching services for odd lots of the Rights Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Monday, 28 March 2022 All times and dates stated in this announcement refer to Hong Kong local times and dates.

Dates or deadlines specified in expected timetable above or in other parts of this announcement are indicative only and subject to change. Any changes to the expected timetable will be published or notified to the Shareholders and the Stock Exchange as and when appropriate.

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EFFECT OF BAD WEATHER OR EXTREME CONDITIONS ON THE LATEST TIME FOR ACCEPTANCE OF AND PAYMENT FOR THE RIGHTS SHARES

The latest time for acceptance of and payment for the Rights Shares will not take place if there is a tropical cyclone warning signal no. 8 or above or a “black” rainstorm warning or Extreme Conditions:

• (i) in force in Hong Kong at any local time before 12:00 noon and no longer in force after 12:00 noon on Monday, 14 February 2022. Instead, the latest time for acceptance of and payment for the Rights Shares will be extended to 5:00 p.m. on the same Business Day; or

• (ii) in force in Hong Kong at any local time between 12:00 noon and 4:00 p.m. on Monday, 14 February 2022. Instead, the latest time for acceptance of and payment for the Rights Shares will be rescheduled to 4:00 p.m. on the following Business Day which does not have either of those warnings in force in Hong Kong at any time between 9:00 a.m. and 4:00 p.m.

If the latest time for acceptance of and payment for the Rights Shares does not take place on or before 4:00 p.m. on Monday, 14 February 2022, the dates mentioned in this section may be affected. An announcement will be made by the Company in such event.

By order of the Board King Stone Energy Group Limited Xu Zhuliang Chairman

Hong Kong, 31 December 2021

As at the date of this announcement, the Board comprises three executive Directors, namely Mr. Xu Zhuliang, Mr. Zong Hao and Ms. He Qing and three independent non-executive Directors, namely Mr. Chiu Sui Keung, Mr. Lee Ping and Mr. Lee Kwok Wan.

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