CNPC announced that the company signed a capital increase agreement with CNPC, CNPC Capital and Kunlun Capital on August 28, 2026. They will subscribe for Kunlun Capital with 4.205 billion yuan to add the registered capital of 4.127 billion yuan. Together with CNPC Group, they will increase the capital of Kunlun Capital in a disproportionate proportion of the original shareholders, and CNPC Capital relinquishes priority payment of capital. The total consideration for this capital increase was 11.60 billion yuan. After the capital increase was completed, the company held 32.16% of Kunlun Capital's shares. Kunlun Capital is still a subsidiary of China Petroleum Group Holdings and will not be the subject of the company's control or consolidated statements. This transaction constitutes a related transaction, and only the obligation to declare and announce is required.

CNPC announced that the company signed a capital increase agreement with CNPC, CNPC Capital and Kunlun Capital on August 28, 2026. They will subscribe for Kunlun Capital with 4.205 billion yuan to add the registered capital of 4.127 billion yuan. Together with CNPC Group, they will increase the capital of Kunlun Capital in a disproportionate proportion of the original shareholders, and CNPC Capital relinquishes priority payment of capital. The total consideration for this capital increase was 11.60 billion yuan. After the capital increase was completed, the company held 32.16% of Kunlun Capital's shares. Kunlun Capital is still a subsidiary of China Petroleum Group Holdings and will not be the subject of the company's control or consolidated statements. This transaction constitutes a related transaction, and only the obligation to declare and announce is required.