JX Energy Ltd. — Capital/Financing Update 2021

Jun 10, 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.

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Persta Resources Inc.

(incorporated under the laws of Alberta with limited liability) (Stock code: 3395)

SUPPLEMENTAL ANNOUNCEMENT CONNECTED TRANSACTION

PROPOSED ISSUE OF NEW SHARES TO CONNECTED PERSONS UNDER SPECIFIC MANDATE

Reference is made to the announcement of Persta Resources Inc. (the ‘‘Company’’) dated 9 June 2021 (the ‘‘Announcement’’). Unless otherwise defined, capitalised terms used herein shall have the same meanings as defined in the Announcement.

JIXING SUBSCRIPTION AGREEMENT

The Board wishes to announce that, on 9 June 2021 (Calgary time) (after trading hours), after further consideration of the circumstances surrounding the subscription for new Shares by Jixing pursuant to the Jixing Subscription Agreement, the Company has decided to exercise its right to terminate the Jixing Subscription Agreement by way of written notice to Jixing. As such, the Jixing Subscription Agreement shall cease to have effect and neither the Company nor Jixing shall have any obligations or liabilities toward each other thereunder.

DALIAN YONGLI SUBSCRIPTION AGREEMENT

Immediately upon completion of the subscription of new Shares by Dalian Yongli, approximately 24.16% of the issued share capital of the Company will be held by the public (within the meanings of the Listing Rules), and accordingly, the Company will be unable to satisfy the minimum public float requirement of 25% as set out in Rule 8.08(1)(a) of the Listing Rules.

The Board wishes to announce that the Company will not seek a temporary waiver from the Stock Exchange from strict compliance with Rule 8.08(1)(a) of the Listing Rules, and will instead consider the feasible proposal(s) to ensure that the minimum public float requirement of 25% as set out in Rule 8.08(1)(a) of the Listing Rules will be met upon completion of the subscription of new Shares by Dalian Yongli under the Dalian Yongli Subscription Agreement, including but not limited to, placing of new Shares to Independent Third Parties and/or disposing of its existing Shares by the controlling shareholder (as defined in the Listing Rules) of the Company.

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The Company will make further announcement(s) if there is any update on the progress.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the Shares.

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

Calgary, 9 June 2021 Hong Kong, 10 June 2021

As at the date of this announcement, the Board comprises of two executive Directors, being 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.

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