Shareholders approve 2M share issuance to RAI; change of control to 33.65%

New Concept Energy, Inc.

Stockholders approved issuance of 2,000,000 shares to Realty Advisors, Inc. at $1.00/share for $2,000,000 cash.
After issuance, RAI will own 2,400,000 of 7,131,935 shares (~33.65%), triggering a change of control.
All five director nominees elected; Gene S. Bertcher reelected Chairman, President, CEO and CFO.
Ratification of Turner Stone & Company LLP as independent auditor for FY2026 approved.
Vote on share issuance: 1,872,051 for, 128,492 against, 120 abstained.

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