According to Zhitong Finance App, CNPC (00632) issued an announcement. On November 11, 2026, after referring to the recommendation of the Audit Committee, the board of directors signed a loan agreement with Hong Kong licensed money lender AIA Credit Limited (lender) to obtain loan financing (loan) of up to HK$30 million. According to the loan agreement, the controlling shareholder of the Company, Xinhua Petroleum (Hong Kong) Limited (controlling shareholder), has pledged 494 million common shares (pledged shares) of the Company to the lender as collateral for loan repayment. As far as the Company knows, knows and believes, the lender is a third party independent of and unrelated to the Company and its related parties.

As of the date of this announcement, the controlling shareholder held 551 million shares of the Company, accounting for about 57.61% of the total number of issued shares of the Company. As of the date of this announcement, pledged shares accounted for approximately 51.64% of the total number of issued shares of the Company.

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