JX Energy Ltd. — Capital/Financing Update 2021

Dec 6, 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 NEW SHARES UNDER GENERAL MANDATE

Reference is made to the announcements of Persta Resources Inc. (the ‘‘Company’’) dated September 3, 2021, September 30, 2021 and October 28, 2021 (the ‘‘Announcements’’) in relation to, among other things, the proposed issue of 16,000,000 Subscription Shares under the General Mandate. Unless otherwise specified, terms used herein have the same meanings as those defined in the Announcements.

COMPLETION OF THE SUBSCRIPTION

The Board announces that all the Conditions Precedent have been fulfilled and Closing took place on December 3, 2021 (Hong Kong time). A total of 16,000,000 Subscription Shares have been allotted and issued by the Company to the Subscriber at the Subscription Price pursuant to the terms and conditions of the Subscription Agreement.

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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 completion of the Subscription; and (ii) immediately upon completion of the Subscription 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 Subscriber Public Shareholders (excluding the Subscriber) Total Notes:	Immediately before completion of the Subscription No. of Shares Approximate percentage (%) (Note 5) 181,194,306 50.07 60,000,000 16.58 23,600,000 6.52 593,167 0.16 265,387,473 73.33 — — 96,499,047 26.67 361,886,520 100.00	Immediately upon completion of the Subscription No. of 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 16,000,000 4.23 96,499,047 25.54 377,886,520 100.00	Immediately upon completion of the Subscription No. of 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 16,000,000 4.23 96,499,047 25.54 377,886,520 100.00
			70.23
			4.23 25.54
			100.00

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 held 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 5, 2021 Hong Kong, December 6, 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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