Waiver :: Application For An Extension To Hold Its AGM For Fy2021

OUHUA ENERGY HOLDINGS LIMITED

(Incorporated in Bermuda on 3 January 2006)

(Company Registration Number 37791)

APPLICATION FOR WAIVERS TO COMPLY WITH RULES 707(1), 702(2), 711A OF THE LISTING MANUAL OF THE SINGAPORE EXCHANGE LIMITED ("SGX-ST") FOR EXTENSIONS OF TIME TO ISSUE ITS ANNUAL REPORT, SUSTAINABILITY REPORT AND HOLD ITS ANNUAL GENERAL MEETING ("AGM") FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 ("FY2021")

• 1. Introduction

  The board of directors (the "Board") of Ouhua Energy Holdings Limited (the "Company") wishes to announce that the Company has on 13 April 2022 made an application to the SGX-ST for extensions of time from its respective reporting deadlines vis-à-vis waivers of compliance with the following rules of the Listing Manual of the SGX-ST ("Listing Manual") in respect of FY2021:

  • (a) two (2) months up to 30 June 2022 pursuant to Rule 707(1) of the Listing Manual which states that the Company is required to hold its annual general meeting (the "AGM") within four (4) months from the end of its financial year;

  • (b) two (2) months up to 8 June 2022 pursuant to Rule 707(2) of the Listing Manual which states that the Company is required to issue an annual report to its shareholders and the SGX-ST at least fourteen (14) days before the date of its AGM;

  • (c) one (1) month up to 30 June 2022 pursuant to Rule 711A of the Listing Manual which states that the Company is required to issue a sustainability report to its shareholders and the SGX-ST no later than four (4) months after the end of the financial year, or no later than five (5) months after the financial year where the issue has conducted external assurance on the sustainability report.

    (collectively, the "Extension Applications")

• 2. Reasons for the Extension Applications

  The main reason for the Company's Extension Applications is because the Company would not be able to complete its annual report for FY2021 ("FY2021 Annual Report") in time for the AGM to be convened by 30 April 2022 and complete its sustainability report for FY2021 ("FY2021 Sustainability Report") by 31 May 2022. Due to the COVID-19 restrictions imposed by the government of the People's Republic of China including, inter alia, the imposition of the most recent COVID-19 lockdowns in various cities in the People's Republic of China, there have been administrative and other internal delays which cause the Company to require more time to make arrangements, to implement necessary measures, to attain all necessary information and documentations for the preparation, review and finalisation of the Company's audited financial statements for the financial year ended 31 December 2021 ("FY2021 Auditors' Report"), FY2021 Annual Report and FY2021 Sustainability Report.

OUHUA ENERGY HOLDINGS LIMITED

Page 2 of 2

The Company will announce the outcome of the Extension Applications in due course.

By Order of the Board

Liang Guo Zhan Executive Chairman

13 April 2022