Shandong Molong Petroleum Machinery : INDICATIVE ANNOUNCEMENT OF THE 2019 ANNUAL GENERAL MEETING...

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

(Stock Code: 568)

INDICATIVE ANNOUNCEMENT

OF THE 2019 ANNUAL GENERAL MEETING

This announcement is published in accordance with the disclosure requirements under Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Article 83 of the articles of association (the "Articles of Association") of Shandong Molong Petroleum Machinery Co., Ltd (the ''Company'').

Article 83 of the Articles of Association (reproduced below is the full text of Articles 83 of the Articles of Association) provides:

"Pursuant to the written replies received 20 days prior to the shareholders' general meeting, the Company shall calculate the number of shares which carry the right to vote held by those shareholders who intend to attend the meeting. If the number of shares which carry the right to vote held by those shareholders who intend to attend the meeting is more than one half of the total number of shares of the Company which carry the right to vote, the Company may convene a shareholders' general meeting; otherwise, the Company shall within 5 days thereof give a further notice to the shareholders specifying the matters to be transacted and the date and place of the meeting by way of an announcement. After giving such notice, the Company may convene the shareholders' general meeting."

As calculated by the Company based on written replies received 20 days before the date of the 2019 annual general meeting of the Company (the ''2019 Annual General Meeting'') (i.e.

29 May 2020), the number of shares bearing voting rights represented by shareholders (including proxies) who have indicated they will attend the 2019 Annual General Meeting has not exceeded 50% of the total number of shares bearing voting rights of the Company.

In accordance with Article 83 of the Articles of Association, the Company hereby announces as a reminder details of the 2019 Annual General Meeting as follows:

THE 2019 ANNUAL GENERAL MEETING

1. Time
   2:00 p.m., on Friday, 19 June 2020
2. Venue

the conference room, at No.999 Wensheng Street, Shouguang City, Shandong Province, the People's Republic of China (the "PRC");

MATTERS TO BE CONSIDERED AND APPROVED AT THE 2019 ANNUAL GENERAL MEETING

Reference is made to the circular (the "Circular") and notice (the "Notice") of the 2019 Annual General Meeting of the Company dated 24 April 2020 and the supplemental circular (the "Supplemental Circular") and supplemental notice (the "Supplemental Notice") of the Company dated 21 May 2020.

If a shareholder of the Company intends to appoint a proxy to attend the 2019 Annual General Meeting, he/she are required to complete and return the proxy form(s) to the share registrar for the Company's H shares, Tricor Investor Services Ltd. at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong (for holders of H shares) not later than 24 hours before the time designated for the commencement of the 2019 Annual General Meeting (i.e. 2:00 p.m. on Friday, 19 June 2020). Completion and return of the proxy form will not preclude the

shareholders from attending and voting in person at the 2019 Annual General Meeting or at any adjourned meeting should the shareholders so wish.

For further details of the matters to be considered at the 2019 Annual General Meeting, please refer to the Circular, Supplemental Circular, Notice and Supplemental Notice.

By Order of the Board

Shandong Molong Petroleum Machinery Company

Limited

Liu Yunlong

Chairman

Shandong, the PRC

2 June 2020

As at the date of this announcement, the Board comprises the executive Directors, namely Mr. Liu Yun Long, Mr. Liu Min, Mr. Zhang Yu Zhi 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 purpose only