JX Energy Ltd. — Capital/Financing Update 2021

Dec 13, 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 representations 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 is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities of the Company.

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Persta Resources Inc.

(incorporated under the laws of Alberta with limited liability)

(Stock code: 3395)

COMPLETION OF ISSUE OF 20,000,000 NEW SHARES TO A CONNECTED PERSON UNDER SPECIFIC MANDATE

Reference is made to the announcements of Persta Resources Inc. (the ‘‘Company’’) dated June 9, 2021, June 10, 2021, July 21, 2021, September 3, 2021, October 18, 2021, October 28, 2021 and December 7, 2021 and circular of the Company dated September 17, 2021 (the ‘‘Circular’’) in relation to, among other things, the proposed issue of 55,000,000 Subscription Shares under the Specific Mandate. Unless otherwise specified, terms used herein have the same meanings as those defined in the Circular.

COMPLETION OF THE ISSUANCE OF THE FIRST TRANCHE OF SUBSCRIPTION SHARES

The Board announces that all of the Conditions Precedent have been fulfilled and the first tranche of 20,000,000 Subscription Shares have been allotted and issued by the Company to Dalian Yongli at the Subscription Price pursuant to the terms and conditions of the Dalian Yongli Subscription Agreement (as amended and supplemented by the Supplemental Agreements).

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EFFECT ON THE SHAREHOLDING STRUCTURE

To the best of the Directors’ knowledge, information and belief after having made all reasonable enquiries, the shareholding structure of the Company (i) immediately before the issuance of the first tranche of the Subscription Shares, and (ii) immediately upon completion of the issuance of the first tranche of the Subscription Shares is set out below:

Non-public Shareholders Aspen Investment Holdings Ltd. (Note 1) Dalian Yongli (Note 2) Jixing (Note 3) Mr. Pingzai Wang (Note 4) Subtotal Other Shareholders Public Shareholders Total	Immediately before issuance of the first tranche of the Subscription Shares No. of Common Shares Approximate percentage (%) (Note 5) 181,194,306 47.95 60,000,000 15.88 23,600,000 6.25 593,167 0.16 265,387,473 70.23 112,499,047 29.77 377,886,520 100.00	Immediately upon completion of the issuance of the first tranche of the Subscription Shares No. of Common Shares Approximate percentage (%) (Note 5) 181,194,306 45.54 80,000,000 20.11 23,600,000 5.93 593,167 0.15 285,387,473 71.73 112,499,047 28.27 397,886,520 100.00	Immediately upon completion of the issuance of the first tranche of the Subscription Shares No. of Common Shares Approximate percentage (%) (Note 5) 181,194,306 45.54 80,000,000 20.11 23,600,000 5.93 593,167 0.15 285,387,473 71.73 112,499,047 28.27 397,886,520 100.00
			71.73
			28.27
			100.00

Notes:

1. Aspen Investment Holdings Ltd. holds 181,194,306 Shares and is owned as to approximately 80.78% by 吉林省弘原 經貿集團有限公司 (Ji Lin Hong Yuan Trade Group Limited) (‘‘JLHY’’) and 19.22% by 長春市麗源投資有限公司 (Changchun Liyuan Investment Co., Ltd.) (‘‘Liyuan’’). JLHY is held as to 60% and 40% by Mr. Yuan Jing (‘‘Mr. Jing’’) and Mr. Guang Jing (being Mr. Jing’s brother), respectively. Liyuan is held as to approximately 98%, 1% and 1% by JLHY, Zhou Li Mei and Jing Yue Li, respectively.

2. Dalian Yongli is directly wholly-owned by Mr. Zhang Zhong (張鐘).

3. Jixing is directly wholly-owned by 長春市吉星車用氣有限公司 (Changchun City Jixing Gas Service for Auto Co. Ltd.*), which is owned as to approximately 66.70% and 33.30% by Mr. Liu and Ms. Zhang Lijun (being Mr. Liu’s spouse), respectively.

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1. Mr. Pingzai Wang (‘‘Mr. Wang’’) is an executive Director and holds 440,000 Shares. Ms. Li Wang (‘‘Ms. Wang’’), the spouse of Mr. Wang, holds 153,167 Shares. Accordingly, Mr. Wang is deemed, or taken to be, interested in the Shares which Ms. Wang is interested in for the purposes of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

2. Certain percentage figures in this table have been subject to rounding adjustments to the nearest 2 decimal places. Accordingly, the aggregate of the percentage figures in the above table may not add up to 100%.

By Order of the Board Persta Resources Inc. Yongtan Liu Chairman

Calgary, December 13, 2021 Hong Kong, December 13, 2021

As at the date of this announcement, the Board comprises of two executive Directors, namely Mr. Yongtan Liu and Mr. Pingzai Wang; and three independent non-executive Directors, namely Mr. Richard Dale Orman, Mr. Peter David Robertson and Mr. Larry Grant Smith.

• For identification purpose only

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