Shandong Molong Petroleum Machinery : SUPPLEMENTAL NOTICE OF EXTRAORDINARY GENERAL MEETING...

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibilities for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(A Sino-foreign joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 568)

SUPPLEMENTAL NOTICE OF EXTRAORDINARY GENERAL MEETING

Reference is made to the notice (the ''Notice'') of the extraordinary general meeting (the ''EGM'') of 山東墨龍石油機械股份有限公司 Shandong Molong Petroleum Machinery Company Limited* (the ''Company'') dated 6 November 2020, which states the time and venue of holding the EGM and the resolution to be proposed at the EGM for shareholders' approval.

SUPPLEMENTAL NOTICE IS HEREBY GIVEN that the EGM will be convened and held by the Company at the conference room at No. 999 Wensheng Street, Shouguang City, Shandong Province, the People's Republic of China (the ''PRC'') on Wednesday, 25 November 2020 at 2:00 p.m. as originally scheduled, to consider and, if thought fit, approve the following resolution in addition to the resolution set out in the Notice:

ORDINARY RESOLUTION

2. To consider and approve the resolution regarding the proposed acceptance of financial assistance and the related party transaction.

Shandong Molong Petroleum Machinery Company Limited*

Liu Min

Acting chairman

Shandong, the PRC

13 November 2020

- 1 -

Notes:

1. If you intend to appoint a proxy to attend the EGM, you must complete and lodge the original proxy form and the supplemental proxy form in accordance with the instructions printed thereon. In case of a holder of H Share(s), the original proxy form and the supplemental proxy form shall be returned to the H Share registrar of the Company, Tricor Investor Services Limited at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong; and in case of a holder of A Share(s), the original proxy form and the supplemental proxy form shall be returned to the Company's registered address in the PRC at No. 999 Wensheng Street, Shouguang City, Shandong Province, China, each case by not less than 24 hours before the time appointed for holding of the EGM or any adjournment thereof (as the case may be). Completion and return of the original proxy form and the supplemental proxy form will not preclude you from attending and voting in person at the EGM should you so wish.
2. The supplemental proxy form will not affect the validity of any proxy form duly completed and returned by you in respect of the resolution set out in the Notice. If you have completed and returned the original proxy form and validly appointed a proxy to attend and act at the EGM on your behalf but do not complete and return the supplemental proxy form, your proxy shall be entitled to vote at his/her discretion on the resolution set out in this supplemental notice of the EGM. If you have not completed and returned the original proxy form but complete and return the supplemental proxy form and validly appoint a proxy to attend and act at the EGM on your behalf, unless otherwise indicated, your proxy shall be entitled to vote at his/her discretion on the resolution set out in the notice of the EGM dated 6 November 2020.
3. For details of the other resolution to be proposed for consideration and approval at the EGM, the closure of register of members, the eligibility for attending the EGM, the registration procedures for attending the EGM and other matters concerned, please refer to the notice of the EGM of the Company dated 6 November 2020.

As at the date of this supplemental notice, the Board comprises the executive Directors, namely Mr. Liu Min and Mr. Li Zhi Xin; the non-executive Directors, namely Mr. Yao You Ling and Mr. Wang Quan Hong; and the independent non-executive Directors, namely Mr. Tang Qing Bin, Mr. Song Zhi Wang and Mr. Cai Zhong Jie.

• For identification purposes only

- 2 -