JX Energy Ltd. — Major Shareholding Notification 2021

Oct 28, 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.

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Persta Resources Inc.

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

INSIDE INFORMATION

COMPLETION OF CHANGE IN SHAREHOLDING STRUCTURE OF ASPEN

This announcement is made by the board (the ‘‘Board’’) of directors (the ‘‘Directors’’) of Persta Resources Inc. (the ‘‘Company’’) pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ‘‘Listing Rules’’) and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the announcement of the Company dated September 6, 2021 (Hong Kong time) (the ‘‘Announcement’’) in relation to, among others, change in shareholding structure of Aspen and amendment of the USA. Unless defined otherwise, capitalized terms used herein shall have the same meanings as those defined in the Announcement.

COMPLETION OF THE CHANGE IN SHAREHOLDING STRUCTURE OF ASPEN

As disclosed in the Announcement, the Board was informed by Aspen, the controlling shareholder of the Company, that JLHY proposed to purchase all of the shares in Aspen held by 164 Co. On October 27, 2021, the Board was further informed by JLHY that Mr. Bo had transferred all of the shares in Aspen held by 164 Co to JLHY on October 27, 2021.

EFFECT ON SHAREHOLDING STRUCTURE OF ASPEN AND THE COMPANY

Immediately before completion of the sale of 164 Co’s shares in Aspen to JLHY, Aspen was owned as to approximately 41.09%, 39.69% and 19.22% by JLHY, 164 Co and Liyuan, respectively; JLHY was held as to 60% and 40% by Mr. Jing and Mr. Guang Jing (being Mr. Jing’s brother), respectively; and Liyuan was held as to approximately 98%, 1% and 1% by JLHY, Zhou Li Mei and Jing Yue Li, respectively.

Immediately upon completion of the sale of 164 Co’s shares in Aspen to JLHY, Aspen was owned as to 80.78% and 19.22% by JLHY and Liyuan, respectively; there was no change to the shareholding of JLHY and Liyuan.

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Immediately before and after completion of the sale of 164 Co’s shares in Aspen to JLHY, Aspen held 181,194,306 Shares, representing approximately 50.07% of the issued share capital of the Company. As such, Mr. Jing continues to retain shareholding control of Aspen and Aspen continues to remain as the controlling shareholder of the Company.

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

Calgary, October 28, 2021 Hong Kong, October 28, 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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