JUTAL OIL SER(03303): Penglai Jutao applies for removal from the SDN list.

JUTAL OIL SER (03303) issued a notice regarding the inclusion of its wholly-owned subsidiary, Penglai Jutao Marine Engineering and Heavy Industries Co., Ltd., on the Special Designated Nationals List by the Office of Foreign Assets Control of the U.S. Department of the Treasury. The company now announces the latest development: Penglai Jutao has engaged a professional law firm and formally submitted a written application to OFAC for removal from the SDN List on October 14, 2025. Currently, Penglai Jutao has ceased construction operations related to projects involving the SDN List.