China Aviation Oil Singapore : INFORMATION ON 28TH ANNUAL GENERAL MEETING TO BE HELD ON 27 APRIL 2022

8 Temasek Boulevard #31-02

Suntec Tower Three, Singapore 038988

Tel: [phone] Fax: [phone] Incorporated in the Republic of Singapore

Co. Reg. No.: 199303293Z

INFORMATION ON 28TH ANNUAL GENERAL MEETING TO BE HELD ON 27 APRIL 2022 _____________________________________________________________________

• 1. BACKGROUND

  China Aviation Oil (Singapore) Corporation Ltd ("CAO" or the "Company") refers to the:

  • (1) The COVID-19 (Temporary Measures) Act 2020 passed by Parliament on 7 April 2020 which enables the Minister for Law by order to prescribe alternative arrangement for listed companies in Singapore to, inter alia, conduct general meetings, either wholly or partly, by electronic communication, video conferencing, tele-conferencing or other electronic means; and

  • (2) The COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) Order 2020 (the "Order") which sets out the alternative arrangements in respect of, inter alia, general meetings of companies.

• 2. DATE, TIME AND CONDUCT OF ANNUAL GENERAL MEETING

  CAO is pleased to announce that pursuant to the Order, its 28th Annual General Meeting ("AGM") will be convened and held by way of electronic means on Wednesday, 27 April 2022 at 3:00 p.m.

• 3. NOTICE OF AGM AND PROXY FORM

  The Notice of AGM and accompanying proxy form will be sent to shareholders by electronic means via publication on the Company's corporate website at the URL,https://www.caosco.com under "Investor Relations" and on the SGX website at the URL,https://www.sgx.com/securities/company-announcements.For the convenience of shareholders, printed copies of these documents will also be sent by post to shareholders.

• 4. NO ATTENDANCE IN PERSON AT AGM

  Due to the current COVID-19 situation in Singapore, shareholders will not be able to physically attend the AGM.

• 5. ALTERNATIVE ARRANGEMENTS FOR PARTICIPATION AT THE AGM

  Shareholders may participate in the AGM by:

  • (a) Observing and/or listening to the AGM proceedings via live audio-visual webcast or live audio-only stream;

  • (b) Submitting questions in advance of the AGM; and/or

  • (c) Appointing the Chairman of the AGM as proxy to attend, speak and vote on their behalf at the AGM.

  Details of the steps for pre-registration, pre-submission of questions and voting at the AGM are set out in the Appendix to this announcement.

• 6. PERSONS WHO HOLD SHARES THROUGH RELEVANT INTERMEDIARIES

  All shareholders as well as investors who hold shares through relevant intermediaries (as defined in Section 181 of the Companies Act 1967) ("Investors"), including CPFIS and SRS investors, and who wish to participate in the AGM by:

  • (a) Observing and/or listening to the AGM proceedings via live audio-visual webcast or live audio-only stream;

  • (b) Submitting questions in advance of the AGM; and/or

  • (c) Appointing the Chairman of the AGM as proxy to attend, speak and vote on their behalf at the AGM,

  should contact the relevant intermediary (which would include, in the case of CPFIS and SRS investors their respective CPF Agent Banks and SRS Operators) through which they hold such shares as soon as possible, in order for the necessary arrangements to be made for their participation in the AGM.

• 7. ANNUAL REPORT 2021 AND LETTER TO SHAREHOLDERS DATED 31 MARCH 2022

  The Company's Annual Report 2021 and the Letter to Shareholders dated 31

  March 2022 have been published and may be accessed at the Company's corporate website at the URL,www.caosco.com under "Investor Relations" and onthe SGX website at theannouncements.

URL,

https://www.sgx.com/securities/company-

8.

KEY DATES/DEADLINES

In summary, the key dates/deadlines which shareholders/Investors should take note of are set out in the table below:

Key dates	Actions
5:00 p.m. on 14 April 2022 (Thursday)	Deadline for CPFIS and SRS investors who wish to appoint the Chairman of the AGM as proxy to approach their respective CPF Agent Banks or SRS Operators to submit their votes.
3:00 p.m. on 24 April 2022 (Sunday)	Deadline for shareholders/Investors to submit questions in advance
3:00 p.m. on 24 April 2022 (Sunday)	Deadline for shareholders and Investors to pre-register online at URLhttps://www.smartagm.sg/caoagm2022 for live audio-visual webcast/live audio-only stream of the AGM proceedings. Deadline for shareholders to submit proxy forms. (Note: Investors (including CPFIS and SRS investors) should not submit proxy forms.)
By 12:00 p.m. on 26 April 2022 (Tuesday)	Authenticated shareholders/Investors will receive an electronic mail which will contain (a) user ID and password details, as well as the link to access the live audio-visual webcast and ( b ) a toll-free telephone number to access the live audio-only stream of the AGM proceedings (the "Confirmation Email"). Shareholders/Investors who do not receive the Confirmation Email by 12:00 p.m. on 26 April 2022, but have registered by 24 April 2022 deadline should contact our Share Registrar, Boardroom Corporate & Advisory Services Pte Ltd at [phone] or email [e-mail] for assistance.
Date and time of AGM 3:00 p.m. on 27 April 2022 (Wednesday)	• To access the live audio-visual webcast of the AGM proceedings: click on the link in the Confirmation Email and enter your unique user ID and password; or • To access the live audio-only stream of the AGM proceedings, call the toll-free telephone number in the Confirmation Email.

to submit questions in

SRS investors) should

only stream of the AGM

IMPORTANT REMINDER

Due to the constantly evolving COVID-19 situation in Singapore, we may be required to change our arrangements for the AGM at short notice. Shareholders are advised to check the SGX website athttps://www.sgx.com/securities/company-announcements and the CAO's corporate website atwww.caosco.com under "Investor Relations" regularly for further updates.

By order of the Board

Doreen Nah Company Secretary

31 March 2022

APPENDIX

STEPS FOR PRE-REGISTRATION, PRE-SUBMISSION OF QUESTIONS AND VOTING AT THE AGM

Shareholders will need to complete the following steps to be able to observe and/or listen to the AGM proceedings through a live webcast or live audio stream, submit questions in advance of the AGM and to vote by appointing the Chairman of the Meeting as proxy to attend, speak and vote on their behalf at the AGM.

Steps

Details

Pre-registration

Shareholders can pre-register at the pre-registration website at the URLhttps://www.smartagm.sg/caoagm2022 from 9:00 a.m. on 1 April 2022 to 3:00 p.m. on 24 April 2022 to enable the Company to verify their status as shareholders. Following the verification, authenticated shareholders will receive a confirmation email by 12.00 p.m. on 26 April 2022. Shareholders who do not receive the confirmation email by 12.00 p.m. on 26 April 2022, but have registered by the 24 April 2022 deadline, should contact our Share Registrar, Boardroom Corporate & Advisory Services Pte Ltd at [phone] or email [e-mail] assistance.