PetroChina Group to transfer shares to China Mobile

China National Petroleum Corporation (PetroChina Group) plans to transfer 541,202,377 A shares of PetroChina Company Limited, representing 0.30% of the total share capital, to China Mobile Communications Group Co., Ltd. (China Mobile Group). This state-owned share allocation aims to deepen strategic cooperation, optimize the company's equity structure, and enhance mutual strengths.

Following the transfer, PetroChina Group's direct A-share holding in PetroChina Company Limited will decrease from 82.46% to 82.17%. Concurrently, China Mobile Group will directly hold 0.30% of PetroChina Company Limited's A shares. The transfer is subject to approval from the State-owned Assets Supervision and Administration Commission of the State Council and completion of share registration procedures.

The transaction does not involve any cash payment or changes in the company's controlling shareholder or actual controller, and it is not expected to significantly impact the company's normal production and operation. The total combined stake of China Mobile Group and its subsidiary in PetroChina will increase to 0.39% from 0.10%.