Financial Performance - JX Energy Ltd. reported total revenue of CAD 7,401,498 for the year ended December 31, 2025, representing a 49.2% increase from CAD 4,968,093 in 2024[7]. - The company's net income for the year was CAD 6,792,292, up from CAD 4,881,875 in the previous year, indicating a growth of 39.1%[7]. - The company reported a basic and diluted loss per share of CAD 0.04 for both 2025 and 2024, indicating no change year-over-year[7]. - For the year ended December 31, 2025, the company reported a pre-tax loss of C$23,467,769, compared to a loss of C$20,267,110 in 2024, indicating a deterioration in financial performance[9]. - The company reported a total comprehensive loss of CAD 23,467,769 for the year, compared to a loss of CAD 20,267,110 in 2024, an increase in loss of 10.8%[7]. - The company reported a pre-tax loss of CAD (23,467,769) for the year ended December 31, 2025, compared to CAD (20,267,110) in 2024, reflecting an increase in losses of 10.8%[190]. Revenue Sources - Natural gas sales contributed CAD 6,480,085 to total revenue in 2025, compared to CAD 3,840,586 in 2024, marking a growth of about 68%[160]. - Major customer A accounted for 71% of total revenue in 2025, up from 62% in 2024, highlighting increased dependency on this customer[162]. Operating Costs and Expenses - Operating costs increased to CAD 15,594,382 in 2025 from CAD 13,500,830 in 2024, reflecting a rise of 15.5%[7]. - The company incurred approximately CAD 7 million in administrative costs recoverable under the agreements with Gexin for the year ended December 31, 2025, down from CAD 17 million in 2024[198]. - Interest expenses for the year ended December 31, 2025, totaled CAD 594,427, compared to CAD 472,150 in 2024, representing an increase of approximately 26.0%[93]. - The company’s interest expenses and financing costs for term debt decreased significantly to CAD 216,250 in 2025 from CAD 329,789 in 2024[186]. Assets and Liabilities - Total assets decreased to CAD 18,405,167 as of December 31, 2025, down from CAD 25,888,121 in 2024, a decline of 29.0%[5]. - Total liabilities increased to CAD 57,787,252 in 2025, compared to CAD 47,349,096 in 2024, marking a rise of 22.5%[6]. - Current liabilities exceeded current assets by C$30,972,581 as of December 31, 2025, raising concerns about liquidity[16]. - Long-term payables increased significantly to CAD 31,035,457 as of December 31, 2025, from CAD 20,696,153 in 2024, marking an increase of approximately 50.5%[88]. - The company’s long-term debt portion decreased to CAD 15,465,435 in 2025 from CAD 4,544,566 in 2024, an increase of 240.5%[5]. Cash Flow and Liquidity - The company experienced a net cash outflow from operating activities of C$3,478,143 in 2025, an increase from C$2,975,042 in 2024[9]. - Cash generated from investing activities was C$166,550 in 2025, a significant decrease from C$1,571,555 in 2024, primarily due to the sale of exploration and evaluation assets[10]. - Financing activities generated a net cash inflow of C$3,184,035 in 2025, up from C$1,260,198 in 2024, driven by cash issued for shares[10]. - The company has implemented a liquidity plan to alleviate financial pressure and improve its financial condition, with confidence in meeting financial obligations over the next 12 months[17]. Impairment and Write-offs - The company recorded impairment losses and write-offs of C$7,124,025 in 2025, compared to C$4,471,173 in 2024, reflecting increased asset devaluation[9]. - The company recognized a write-off of CAD 3,763,831 for exploration and evaluation assets due to lease expirations as of December 31, 2025, compared to CAD 148,336 in 2024[100]. - Impairment indicators were identified for fixed assets within the Basing, Voyager, and Dawson CGUs due to changes in commodity prices and well performance[170]. Shareholder and Equity Information - Shareholders' equity decreased to CAD 229,265,223 in 2025 from CAD 222,417,603 in 2024, a slight increase of 3.8%[6]. - The company has arranged to repay approximately $1.08 million (equivalent to about CAD 1.48 million) of principal in shares rather than cash under the convertible bond agreement[18]. - The company has signed a loan capitalization agreement to partially repay specific long-term debts and payables amounting to approximately CAD 3.84 million and CAD 7.49 million by issuing shares to lenders[18]. - The company has successfully negotiated with lenders to defer the payment of accrued natural gas processing and compression fees for two years, with a total payable amount of approximately CAD 27.26 million[18]. Stock Options and Compensation - The company uses the fair value method to assess stock options granted, with all corresponding compensation costs measured at the fair value on the grant date and recognized as an expense over the vesting period[70]. - The company granted 3,780,000 stock options at an exercise price of HK$0.52 on May 18, 2020, with a validity of 5 years[149]. - The company recognized a share-based payment expense of CAD 5,927 for the year ended December 31, 2025, down from CAD 16,004 in 2024[157]. Future Outlook and Risks - There is significant uncertainty regarding the company's ability to implement the aforementioned plans and measures, which depend on future events and conditions[19]. - If the company fails to implement these plans, it may not be able to continue as a going concern and may need to adjust asset values and liabilities accordingly[19]. - The ongoing global impacts of the Ukraine and Middle East conflicts, along with supply chain disruptions, have significantly affected the company's operational performance[16]. Regulatory and Compliance - The company confirmed that the current income tax expense is calculated based on the taxable income for the year, which differs from the pre-tax profit reported in the income statement due to timing differences in tax qualification[59]. - The company has not recognized any deferred tax assets or liabilities as of December 31, 2025, due to uncertainties regarding future taxable profits[87]. - The company will apply the amendments to International Financial Reporting Standards (IFRS) effective from January 1, 2025, but these amendments are not expected to have a significant impact on the company's performance and financial position for the year ending December 31, 2025[71].

（股份代號：3395） 董事會會議召開日期 吉星新能源有限責任公司*（「本公司」）董事會（「董事會」）謹此宣佈，董事會會議將於 2026年3月26日（星期四）晚上七時正在加拿大卡加利（或（香港時間）2026年3月27日（星期 五）上午九時正）舉行，藉以批准本公司截至2025年12月31日止年度的全年業績及其刊 發，並考慮建議派付末期股息（如有）。 香港交易及結算所有限公司與香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不作任何陳述，並明確聲明概不承擔因本公告全部或任何部分內容而 產生或因倚賴該等內容所引致之任何損失之任何責任。 JX Energy Ltd. （吉星新能源有限責任公司）* （ 根據阿爾伯塔法例註冊成立的有限責任公司） 董事長 卡加利，2026年3月17日 香港，2026年3月17日 於本公告日期，董事會包括兩名執行董事柳永坦先生和代斌友先生；以及三名獨立非執 行董事孔展鵬先生、杜潔雯女士和魏嘉女士組成。 * 僅供識別 承董事會命 吉星新能源有限責任公司* 柳永坦 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2026年2月28日 | 狀態: | 新提交 | | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | 公司名稱: | 吉星新能源有限責任公司 | | | | 呈交日期: | 2026年3月5日 | | | | I. 法定/註冊股本變動 不適用 | | | | | 備註： | | | | | 吉星新能源有限責任公司獲授權發行無限數目的無面值普通股。 | | | | FF301 III.已發行股份及/或庫存股份變動詳情 (A). 股份期權（根據發行人的股份期權計劃） 第 1 頁 共 10 頁 v 1.2.0 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03395 | 說明 | 普通股 | | | | | | | ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： JX Energy Ltd. 呈交日期： 2026年3月2日 第 1 頁 共 6 頁 v 1.3.0 | 2). 配售/認購 - 涉及新股 | 42,028,438 | 6.81 % | HKD | 0.2 | | | --- | --- | --- | --- | --- | --- | | 根據股東於2024年6月28日(香港時間)召開的年度股東大會和特別股 | | | | | | | 東大會上授予董事之一般授權，依據2025年3月19日訂立的可換股債 | | | | | | | 券協議，本公司於 2026年3月2日(交易時段後)向劉志學先生配發及發 | | | | | | | 行合共42,028,438股新股，詳情載於本公司日期為2025年4月11日及 | | | | | | | 2025年5月14日的之公告內 。 | | | | | | | 變動日期 2026年3月2日 | | | | | | | 於下列日期結束時的結存 (註5及6) 2026年3月 ...

香港交易及結算所有限公司與香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不作任何陳述，並明確聲明概不承擔因本公告全部或任何部分內容而 產生或因倚賴該等內容所引致之任何損失之任何責任。 茲參照吉星新能源有限責任公司* （「本公司」）於2026年1月29日發出之股東特別大會通告 （「通告」）及隨附之管理層資料通函（「通函」）。除上下文另有規定外，本文件所用詞彙與 通函所定義者具有相同涵義。 會議表決結果 董事會欣然宣佈，於大會上經投票表決方式，股東已正式通過通知所載決議案（「決議 案」），贊成票數逾百分之五十，惟須符合下段所述條件。本公司主要股份過戶登記處 Computershare Trust Company of Canada獲委任為大會投票的監票人。 – 1 – 大會所提決議案之投票結果如下： | 普通決議案 | 票數（%） | | 會議出席 | | --- | --- | --- | --- | | | 贊成 | 反對 | 總投票權 | | 考慮並酌情批准、確認及追認本公 | 313,194,304 | 0 | 313,244,306 | | 司、吉星能源與柳先生於2025年10月3 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 吉星新能源有限責任公司 呈交日期: 2026年2月5日 I. 法定/註冊股本變動 不適用 備註： 吉星新能源有限責任公司獲授權發行無限數目的無面值普通股。 FF301 第 1 頁 共 10 頁 v 1.2.0 III.已發行股份及/或庫存股份變動詳情 (A). 股份期權（根據發行人的股份期權計劃） II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03395 | 說明 | 普通股 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 617,264,159 | | 0 | | 617,264,159 | ...

JX Energy Ltd. （ 吉 星 新 能 源 有 限 責 任 公 司 ）* (incorporated under the laws of Alberta with limited liability) （ 根據阿爾伯塔法例註冊成立的有限責任公司） (Stock Code 股份代號: 3395) 29 January 2026 Dear non-registered shareholder(s), JX Energy Ltd. (the "Company") – Notice of Publication of Circular and Notice for Special Meeting (the "Current Corporate Communications") and Arrangement of Electronic Dissemination of Corporate Communications The English and Chinese versions of the Company's Current Corporate Communications are available ...

JX Energy Ltd. （ 吉 星 新 能 源 有 限 責 任 公 司 ）* (incorporated under the laws of Alberta with limited liability) （ 根據阿爾伯塔法例註冊成立的有限責任公司） (Stock Code 股份代號: 3395) 29 January 2026 Dear registered shareholder(s), JX Energy Ltd. (the "Company") – Notice of Publication of Circular, Notice and Proxy Form for Special Meeting (the "Current Corporate Communications") and Arrangement of Electronic Dissemination of Corporate Communications The English and Chinese versions of the Company's Current Corporate Communications are a ...

香港交易及結算所有限公司與香港聯合交易所有限公司對本通告之內容概不負責，對其 準確性或完整性亦不作任何陳述，並明確聲明概不承擔因本通告全部或任何部分內容而 產生或因倚賴該等內容所引致之任何損失之任何責任。 載有有關大會將處理事項之補充資料之通函將於2026年1月29日或之前寄發予股東。 JX Energy Ltd. （吉星新能源有限責任公司）* （ 根據阿爾伯塔法例註冊成立的有限責任公司） （股份代號：3395） 股東特別大會通告 謹此通告謹訂於2026年2月12日下午6時正（卡加利時間）╱ 2026年2月13日上午9時正（香港時間）舉行股東特別大會 茲通告，吉星新能源有限責任公司（下稱「本公司」）普通股（下稱「普通股」）持有人（下稱 「股東」）之特別大會（下稱「大會」）將於2026年2月12日下午6時正（卡加利時間）╱ 2月13 日上午9時正（香港時間），在Suite 900, 717 7th Avenue SW, Calgary, Alberta, T2P 0Z3, Canada召開股東特別大會（下稱「大會」），旨在： 1. 審議並酌情批准、確認及追認本公司、吉星能源（加拿大）有限公司（「吉星能源」） 與 ...

（ 根據阿爾伯塔法例註冊成立的有限責任公司） JX Energy Ltd. （吉星新能源有限責任公司）* （股份代號：3395） 委任代表表格 本份委任代表表格（下稱「委任代表」）由吉星新能源有限責任公司下稱（「本公司」）管理層徵求，將於本公司普通 股（下稱「普通股」）持有人（下稱「股東」）於2026年2月12日下午6時正（卡加利時間）╱2026年2月13日上午9時 正（香港時間）在Suite 900, 717 7th Avenue SW, Calgary, Alberta T2P 0Z3, Canada舉行的股東特別大會（下稱「大 會」）上使用，為下列目的徵求股東授權。 本股東謹此委任董事會主席柳永坦，或如其缺席時，委任本公司行政總裁兼營運總裁代斌友，或如二人均缺席 時， 委 任 作為具替代權之受委代表，出席大會及任何續會，並以簽署人之名義代為投票及行事，於大會期間或續會中進行 之任何投票表決中行使同等權力，猶如簽署人親臨大會或續會一般。且不限於前述授權範圍，茲指示該受委代表 於上述大會中，就簽署人之普通股行使贊成、反對或棄權投票權如下： | | | 贊成 | 反對 | | --- | --- | --- ...