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It’s got tree yellow stars.
The flag/standard was proposed in 1986 along with two other variants after President Obiang requested it. The flags never became official.
The three stars are colonel stars relating to the grade that Obiang had in the (probably Spanish) army, the silk cotton tree (Ceiba) is also on the national arms of Equatorial Guinea. I couldn’t find the reason for the colours on the background.
I like it, except drop ALL the black.
