Oriental Energy: The concerted action party of the controlling shareholder has obtained a commitment letter for a special loan for increasing holdings, with the loan not exceeding 225 million yuan

Oriental Energy announced that its controlling shareholder Donghua Petroleum Co., Ltd. and its concerted party Mason Energy Co., Ltd. plan to increase their holdings in the company within six months starting from April 9, 2025, with the intended increase not less than 1.9% and not exceeding 2% of the company's total share capital. Mason Energy Co., Ltd. recently reached a cooperation intention with the Zhangjiagang branch of Industrial and Commercial Bank of China Limited, obtaining a "Loan Commitment Letter" issued by them, with a loan amount not exceeding RMB 225 million, to be used solely for increasing holdings in Oriental Energy stock