China Aviation Oil Singapore : Outcome of 30th Annual General Meeting held on 25 April 2024

8 Temasek Boulevard #31-02

Suntec Tower Three, Singapore 038988

Tel: [phone] Fax: [phone]

Co. Reg. No.: 199303293Z

1. OUTCOME OF THE 30TH ANNUAL GENERAL MEETING OF CHINA AVIATION OIL (SINGAPORE) CORPORATION LTD HELD ON 25 APRIL 2024 ("30TH AGM")

The Board of Directors (the "Board") of China Aviation Oil (Singapore) Corporation Ltd (the "Company") wishes to announce that, pursuant to Rule 704(16) of the Listing Manual of the Singapore Exchange Securities Trading Limited (the "SGX-STListing Manual"), all resolutions set out in the Notice of Annual General Meeting of the Company dated 1 April 2024 were duly approved and passed by the shareholders of the Company at the 30th AGM, by way of poll:

The results of the poll on each of the following resolutions put to vote at the 30th AGM are set out below:

For

Against

Total number of shares

As a percentage of

As a percentage of

Resolution number and details

represented by votes for

Number of

total number of

Number of

total number of

and against the relevant

votes for and

votes for and

Shares

Shares

resolution

against the

against the

resolution (%)

resolution (%)

Ordinary Business

Resolution 1

Adoption of Directors' Statement

633,900,912

633,830,612

99.99

70,300

0.01

and Audited Financial

Statements and Auditors' Report

thereon.

Resolution 2

Declaration of First and Final

634,978,515

634,888,535

99.99

89,980

0.01

(One-Tier, Tax Exempt) Dividend

and One-tier, Tax Exempt

Special Dividend

Total number of shares

For

Against

As a percentage of

As a percentage of

Resolution number and details

represented by votes for

Number of

total number of

Number of

total number of

and against the relevant

Shares

votes for and

Shares

votes for and

resolution

against the

against the

resolution (%)

resolution (%)

Resolution 3

Approval of Directors' Fees for

634,453,906

633,870,435

99.91

583,471

0.09

the financial year ended 31

December 2023

Resolution 4

Re-election of Mr Teo Ser Luck

634,647,813

618,684,018

97.48

15,963,795

2.52

as a Director pursuant to

Regulation 94 of the Constitution

Resolution 5

Re-election of Mr Hee Theng

634,433,082

633,241,220

99.81

1,191,862

0.19

Fong as a Director pursuant to

Regulation 94 of the Constitution

Resolution 6

Re-election of Mr Shi Lei as a

634,552,830

617,829,942

97.36

16,722,888

2.64

Director pursuant to Regulation

94 of the Constitution

Resolution 7

Re-election of Mr Shi Yanliang

634,543,210

633,589,086

99.85

954,124

0.15

as a Director pursuant to

Regulation 100 of the

Constitution

Special Business

Resolution 8

Authority of Directors to issue

634,471,990

621,153,543

97.90

13,318,447

2.10

shares pursuant to Section 161

of the Companies Act and the

SGX-ST Listing Manual

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For

Against

Total number of shares

As a percentage of

As a percentage of

Resolution number and details

represented by votes

total number of

total number of

for and against the

Number of Shares

Number of Shares

votes for and

votes for and

relevant resolution

against the

against the

resolution (%)

resolution (%)

Resolution 9

Renewal of General Mandate for

19,796,274

19,425,098

98.13

371,176

1.87

Interested Person Transactions

Resolution 10

Renewal of Share Purchase

634,318,416

633,455,916

99.86

862,500

0.14

Mandate

Resolution 11

Change of Auditors of the

633,698,028

633,442,960

99.96

255,068

0.04

Company from Deloitte &

Touche LLP to BDO LLP

2． Details of shareholders required to abstain from voting on any resolution(s):

Name of Shareholder	Number of shares held		Resolution number(s)
			(Please refer to item (1) above for details of the
			resolution (s))
China National Aviation Fuel Group Limited	441,332,912		9
BP Investments Asia Limited	173,476,942		9

Save as aforesaid, there were no restrictions on any shareholders casting votes on any of the proposed resolutions at the 30th AGM.

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1. Re-appointmentof Directors to the Audit Committee
2. 1. Mr Teo Ser Luck who was re-elected as a Director of the Company at the 30th AGM, will remain as Chairman of the Audit Committee. He is considered a Non-Executive, Independent Director of the Company.
   2. Mr Hee Theng Fong who was re-elected as a Director of the Company at the 30th AGM, will remain as a member of the Audit Committee. He is considered a Non-Executive, Independent Director of the Company.
3. Name of Appointed Scrutineer
   Reliance 3P Advisory Pte Ltd was appointed as the scrutineer for the purpose of the poll taken at the 30th AGM.

By Order of the Board

Doreen Nah

Company Secretary

Singapore, 25 April 2024

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