2. Proposed Authority to Buy-Back its Own Shares by the Company The Ordinary Resolution 8, if passed, will allow the Directors of the Company to exercise the power of the Company to purchase and/or hold not more than 10% (ten per centum) of the total number of issued shares of the Company for the time being. This authority will expire at the conclusion of the next Annual General Meeting unless earlier revoked or varied by ordinary resolution passed by shareholders at a general meeting. Please refer to Part A of the Share Buy-Back Statement dated 26 April 2024, which is accessible online on the Company’s website at www.wascoenergy.com, for information pertaining to Ordinary Resolution 8. 3. Proposed Renewal of Shareholders’ Mandate for the Existing Recurrent Related Party Transactions and Provision of Financial Assistance The Ordinary Resolutions 9, 10 and 11, if passed, will allow the Company to enter into recurrent related party transactions of a revenue or trading nature with the related parties and the provision of financial assistance in the ordinary course of business which are necessary for the day-to-day operations based on terms which are not more favourable to the related parties than those generally available to the public and are not to the detriment of the minority shareholders of the Company. Please refer to Part B of the Circular to Shareholders dated 26 April 2024, which is accessible online on the Company’s website at www.wascoenergy.com, for information pertaining to Ordinary Resolutions 9, 10 and 11. Notice of Twenty-Fourth Annual General Meeting Integrated Annual Report 2023 300
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