Kinetic Development Group Limited — Declaration of Voting Results & Voting Rights Announcements 2021

Nov 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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KINETIC MINES AND ENERGY LIMITED 力量礦業能源有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1277)

POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON 10 NOVEMBER 2021

Reference is made to the circular dated 18 October 2021 of Kinetic Mines and Energy Limited (the “ Company ” and the “ Circular ”, respectively) and the notice of the extraordinary general meeting of the Company dated 18 October 2021 (the “ EGM Notice ”) in relation to the proposed change of company name (the “ Change of Company Name ”). Unless defined otherwise, the capitalised terms used herein shall have the same respective meanings as those defined in the Circular.

The Board is pleased to announce that the proposed special resolution regarding the Change of Company Name (the “ Proposed Resolution ”) as set out in the EGM Notice was duly passed by the Shareholders by way of poll at the Company’s extraordinary general meeting held on Wednesday, 10 November 2021 (the “ EGM ”).

The poll results in respect of the Proposed Resolution put to vote at the EGM are set out as follows:

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----- Start of picture text ----- Number of VotesSpecial Resolution (Approximate %) [(Note)]For Against“ 6,264,815,200 20,726,000THAT subject to and conditional upon the necessary(99.670259%) (0.329741%)approval of the Registrar of Companies in the CaymanIslands being obtained, the English name of theCompany be changed from “Kinetic Mines andEnergy Limited” to “Kinetic Development GroupLimited” and the dual foreign name in Chinese of theCompany be changed from “ 力量礦業能源有限公司 ”to “ 力量發展集團有限公司 ” with effect from the dateon which the certificate of incorporation on change ofname is issued by the Registrar of Companies in theCayman Islands, and that any one director or thecompany secretary of the Company be and is herebyauthorised to do all things and acts and sign alldocuments as they may consider necessary, desirableor expedient to implement and/or give effect to anymatters relating to or in connection with the aforesaidchange of company name.”----- End of picture text -----

Note:

The number of votes and the approximate percentage of the total votes as stated above are based on the total number of issued Shares held by the Shareholders who attended and voted at the EGM in person, by authorised representative or by proxy.

As at the date of the EGM, there were 8,430,000,000 issued Shares entitling the Shareholders to attend and vote for or against the Proposed Resolution at the EGM. There were no Shares entitling the Shareholders to attend but abstain from voting in favour of the Proposed Resolution at the EGM as set out in Rule 13.40 of the Listing Rules.

None of the Shareholders was required under the Listing Rules to abstain from voting on the Proposed Resolution at the EGM. None of the Shareholders has stated in the Circular his/her/its intention to vote against or to abstain from voting on the Proposed Resolution at the EGM.

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Computershare Hong Kong Investor Services Limited, the Hong Kong branch share registrar of the Company, was appointed and acted as the scrutineer for the vote-taking at the EGM.

As more than 75% of the votes were cast in favour of the Proposed Resolution, the Proposed Resolution was duly passed as a special resolution of the Company.

For and on behalf of Kinetic Mines and Energy Limited Zhang Li Chairman and Executive Director

Hong Kong, 10 November 2021

As at the date of this announcement, the Board comprises seven directors, of whom three are executive directors, namely Mr. Zhang Li (Chairman), Mr. Zhang Liang, Johnson and Mr. Ju Wenzhong (Chief Executive Officer); one is the non-executive director, Ms. Zhang Lin, and three are independent non-executive directors, namely Ms. Liu Peilian, Mr. Zheng Ercheng and Ms. Xue Hui.

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