Oriental Energy shareholders approve related-party guarantee for Mason Energy

Oriental Energy Company Limited held its ninth extraordinary general meeting of shareholders in 2025 on December 22, 2025. The meeting, conducted both in person and online, saw 223 shareholders and their proxies attend, representing 88,185,973 shares, or 5.5951% of the company's total voting shares. Notably, 222 small and medium-sized investors participated, holding 88,085,973 shares.

The sole resolution, "Proposal on Providing Guarantees for Mason Energy and Related Transactions," was approved with 78,389,043 votes in favor, representing 88.8906% of the effective voting shares. There were 9,455,230 votes against (10.7219%) and 341,700 abstentions (0.3875%). Small and medium-sized investors also largely supported the proposal, with 78,289,043 votes in favor.

The board of directors confirmed that the meeting procedures complied with relevant laws, regulations, and the company's articles of association. Jiangsu Jinhe Law Firm provided a legal opinion, affirming the legality and validity of the meeting's convening, attendance, and resolutions.