New Concept Energy (GBR) Proxy filing summary

Executive summary

• Annual Meeting scheduled for June 2026 to elect five directors, ratify the auditor, and approve issuance of 2,000,000 new shares to Realty Advisors, Inc. for cash to increase stockholder equity.

• Only stockholders of record as of May 2026 are entitled to vote; quorum requires majority presence in person or by proxy.

• Proxy materials and annual reports are available online and by request; solicitation costs are borne by the company.

Voting matters and shareholder proposals

• Proposals include election of five directors, ratification of Turner Stone & Company LLP as auditor, and approval of new share issuance to Realty Advisors, Inc.

• Board recommends voting FOR all proposals.

• Shareholder proposals for the 2027 meeting must be received by December 31, 2026.

Board of directors and corporate governance

• Board consists of five members, with standing Audit, Governance and Nominating, and Compensation Committees; all committee members are independent.

• Presiding Director role established to lead executive sessions; Richard W. Humphrey currently serves in this role.

• Board met five times in 2025; all directors attended at least 75% of meetings.

• Directors' independence reviewed annually; four of five directors are independent.