Raymond Industrial Limited — Proxy Solicitation & Information Statement 2020

Oct 5, 2020

(incorporated in Bermuda with limited liability)

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KUNLUN ENERGY COMPANY LIMITED

(Stock Code: 00135.HK)

PROXY FORM FOR THE SPECIAL GENERAL MEETING TO BE HELD ON 27 OCTOBER 2020

I/We (Note 1)

of

being the registered holder(s) of (Note 2) shares of HK$0.01 each in the capital of Kunlun Energy Company Limited (the “ Company ”) hereby appoint (Note 3) the Chairman of the Meeting or

of

as my/our proxy to vote for me/us on my/our behalf at the special general meeting (the “ Meeting ”) of the Company to be held at Room 1, 3 & 4, 10th Floor, United Centre, 95 Queensway, Admiralty, Hong Kong on 27 October 2020 at 11 a.m. or at any adjournment thereof on the resolutions as hereunder indicated:

**ORDINARY **	RESOLUTIONS	FOR (Note 4)	AGAINST (Note 4)

1. To consider and approve the resolution in relation to the Revised Annual Caps for the Continuing Connected Transactions in 2020, in particular:

2. (a) the Revised Annual Caps for the Continuing Connected Transactions in 2020 be and are hereby approved; and

3. (b) any one director of the Company to do any acts and things deemed by him to be necessary or expedient in order to give effect to and implement the Revised Annual Caps for the Continuing Connected Transaction in 2020.

4. To consider and approve the resolution in relation to the Continuing Connected Transactions for the three years ending 31 December 2023, in particular:

5. (a) the entering into of the New Master Agreement and the transactions contemplated thereunder be and is hereby approved, ratified and confirmed;

6. (b) the Continuing Connected Transactions under Categories (a), (b), (c) and (d) be and are hereby approved;

7. (c) the Proposed Annual Caps for the Non-Exempt Continuing Connected Transactions for the three years ending 31 December 2023 be and are hereby approved; and

8. (d) any one director (if execution under the common seal of the Company is required, any two directors) of the Company be and is/are hereby authorised for and on behalf of the Company to sign, and where required, to affix the common seal of the Company to any documents, instruments or agreements, and to do any acts and things deemed by him to be necessary or expedient in order to give effect to and implement the Continuing Connected Transaction under Categories (a), (b), (c) and (d) and the Proposed Annual Caps for the Non-Exempt Continuing Connected Transactions for the three years ending 31 December 2023.

Dated this

day of

Signature (Note 5) :

2020

Notes:

1. Full name(s) and address(es) to be inserted in BLOCK CAPITALS .

2. Please insert the number of shares of the Company to which the proxy relates registered in your name(s). If no number is inserted, this form of proxy will be deemed to relate to all the shares in the capital of the Company registered in your name(s).

3. Any member entitled to attend and vote at the Meeting is entitled to appoint a proxy or proxies to attend and vote instead of him. The proxy need not be a member of the Company but must attend the Meeting in person to represent the appointor. If you wish to appoint a proxy other than the Chairman of the Meeting, strike out the words “Chairman of the Meeting” and insert the name and address of the person desired in the spaces provided. In the case of joint holders, if more than one of such joint holders be present, personally or by proxy, one of the persons so present whose name stands first in the Register of Members in respect of the relevant joint holding shall alone be entitled to vote.

4. Please indicate with an “X” in the space provided how you wish your vote(s) to be cast on a poll. Should this form be returned duly signed but without a specific direction, the proxy will vote or abstain at his discretion.

5. The form of proxy must be signed by you or your attorney duly authorised in writing or, in case of a corporation, must be either under seal or under the hand of an officer or attorney duly authorised.

6. The instrument appointing a proxy and the power of attorney or other authority (if any) under which it is signed or a notarially certified copy of such power of authority must be deposited at the principal office of the Company at 39th Floor, 118 Connaught Road West, Hong Kong or the Company’s Branch Registrar in Hong Kong, Tricor Secretaries Limited, at Level 54, Hopewell Centre, 183 Queen’s Road East, Hong Kong not less than 48 hours before the time appointed for holding the Meeting or any adjournment thereof (as the case may be).

7. Completion and delivery of this form of proxy will not preclude you from attending and voting at the Meeting if you so wish and, in such event, this form of proxy shall be deemed to be revoked.

8. Any alteration made to this form of proxy must be initialled by the person(s) signing it.