East West Petroleum Shareholders Approve Capital Reduction and All Other Matters at the Annual and Special Meeting

Group 1 - The shareholders of East West Petroleum Corp. approved all resolutions at the Annual and Special Meeting held on September 5, 2025, including the re-election of three board members [1][2] - A special resolution was passed to approve a capital reduction of up to $3 million from the company's stated capital of $37,224,841, allowing for a distribution of $0.03 per common share to shareholders [2][3] - Following the meeting, Nick DeMare was appointed as Interim CEO and Corporate Secretary, while Harvey Lim was appointed as Interim CFO [4] Group 2 - The company will issue a further news release once the effective date for the capital reduction and distribution is finalized [3] - The existing stock option plan was ratified, allowing the company to grant stock options up to 10% of its issued and outstanding common shares [2] - The management information circular regarding the meeting is available for free on the Canadian Securities Administrators' website [3]