BLUE DOLPHIN ENERGY CO : Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Submission of Matters to a Vote of Security Holders (form 8-K)

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

As previously reported, Blue Dolphin Energy Company, a Delaware corporation ("Blue Dolphin"), was notified by the OTC Markets Group Inc. ("OTC") in a letter dated January 14, 2022 that Blue Dolphin was out of compliance with Section 2.5 of OTCQX Rules, which require OTCQX listed companies to conduct annual shareholders' meetings. To regain compliance, OTC granted Blue Dolphin a cure period to hold an annual meeting of stockholders within calendar year 2022. As of the filing date of this Current Report on Form 8-K, Blue Dolphin satisfied the requirements and was in full compliance with Section 2.5 of OTCQX Rules. OTC has indicated that the compliance issue will be resolved upon the filing of the Current Report on Form 8-K regarding the results of its annual meeting as described in Item 5.07.

Item 5.07 Submission of Matters to a Vote of Security Holders.

Blue Dolphin held its Annual Meeting of Stockholders (the "Annual Meeting") on June 22, 2022 at 10:00 a.m. local time. At the Annual Meeting, stockholders considered proposals to: (i) elect five (5) director nominees, all of whom shall serve until the next annual meeting of stockholders, or in each case until their successors are duly elected and qualified, or until their earlier resignation or removal and (ii) ratify the selection of UHY LLP ("UHY") as Blue Dolphin's independent public accounting firm for the fiscal year ending December 31, 2022. The voting results are set forth below:

1. All director nominees were elected:

                                                            Votes          Broker
                                 For       Against       Withheld       Non-Votes
Jonathan P. Carroll       10,534,908             -            542           7,644
Amitav Misra              10,534,033             -          1,443           7,644
Christopher T. Morris     10,534,577             -            899           7,644
Ryan A. Bailey            10,534,934             -            542           7,644
Herbert N. Whitney        10,535,034             -            442           7,644




2. UHY was ratified:



                                                   Broker
         For         Against      Abstain       Non-Votes
  10,542,805             289        1,248           7,644

No other business was presented or discussed during the Annual Meeting.

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