Yuhua Energy : PROPOSED CHANGE OF COMPANY NAME

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YUHUA ENERGY HOLDINGS LIMITED

裕 華 能 源 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2728)

PROPOSED CHANGE OF COMPANY NAME

The Board proposes to change the English name of the Company from ''Yuhua Energy Holdings Limited'' to ''Jintai Energy Holdings Limited'' and the dual foreign name in Chinese of the Company from ''裕華能源控股有限公司'' to ''金泰能源控股有限公司''.

The Proposed Change of Company Name is subject to the fulfilment of the conditions as set out in the paragraph headed ''Conditions of the Proposed Change of Company Name'' in this announcement. A circular containing, among other matters, further information of the Proposed Change of Company Name and a notice convening the EGM will be despatched to the Shareholders as soon as practicable.

PROPOSED CHANGE OF COMPANY NAME

The board (the ''Board'') of directors (the ''Directors'') of Yuhua Energy Holdings Limited (the ''Company'', and together with its subsidiaries, the ''Group'') proposes to change the English name of the Company from ''Yuhua Energy Holdings Limited'' to ''Jintai Energy Holdings Limited'' and the dual foreign name in Chinese of the Company from ''裕華能源 控股有限公司'' to ''金泰能源控股有限公司'' (the ''Proposed Change of Company Name'').

Conditions of the Proposed Change of Company Name

The Proposed Change of Company Name will be subject to the following conditions:

1. the passing of special resolutions by the shareholders of the Company (the ''Shareholders'') approving the Proposed Change of Company Name and the corresponding amendment to the Memorandum and Articles of Association of the Company (the ''M&A'') at the extraordinary general meeting (the ''EGM'') of the Company; and

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1. the approval of the new name by the relevant governmental authority in the Cayman Islands.

The filing(s) with the relevant governmental authority in the Cayman Islands will be made after the passing of the special resolutions at the EGM. Subject to satisfaction of the conditions set out above, the Proposed Change of Company Name will take effect from the date on which the certificate of incorporation on change of name (or equivalent document) is issued by the relevant governmental authority in the Cayman Islands certifying that the new name of the Company has been registered.

Reasons for the Proposed Change of Company Name

The Board considers that the proposed new Company name, Jintai Energy Holdings Limited 金泰能源控股有限公司, can better reflect its corporate image and identity and it is in the best interests of the Company and its shareholders as a whole.

Effects of the Proposed Change of Company Name

The Proposed Change of Company Name will not affect any of the rights of the existing Shareholders. All existing share certificates of the Company in issue bearing the current name of the Company will, after the Proposed Change of Company Name becoming effective, continue to be evidence of title to the shares of the Company and will continue to be valid for trading, settlement, registration and delivery for the same number of shares of the Company in the new name of the Company. There will not be any arrangement for free exchange of the existing share certificates of the Company for new share certificates printed in the new name of the Company. Upon the Proposed Change of Company Name becoming effective, any new share certificates will be issued in the new name of the Company.

In addition, subject to the confirmation by The Stock Exchange of Hong Kong Limited (the ''Stock Exchange''), the stock short name of the Company for trading in the shares of the Company on the Stock Exchange will also be changed after the Proposed Change of Company Name becoming effective. Further announcement(s) will be made by the Company in relation to the effective date of the Proposed Change of Company Name and details of the change of the stock short name of the Company.

GENERAL

The EGM will be convened to consider and, if thought fit, approve the special resolutions in relation to the Proposed Change of Company Name and the corresponding amendment to the M&A.

A circular containing, among others, further information on the Proposed Change of Company Name and a notice convening the EGM will be despatched to the Shareholders as soon as practicable.

By Order of the Board

Yuhua Energy Holdings Limited

Yuan Hongbing

Executive Director

Hong Kong, 20 November 2019

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As at the date of this announcement, the Company has three executive Directors, namely Mr. Chen Jinle (Chairman), Mr. Lin Caihuo, and Mr. Yuan Hongbing, one non-executive Director, namely Mr. Wang Shoulei, and three independent non-executive Directors, namely Mr. Liu Yang, Mr. Tche Heng Hou Kevin and Mr. Gao Han.

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