CNOOC group nears halfway point in China Oilfield Services share purchase

China Oilfield Services' controlling shareholder, China National Offshore Oil Group (CNOOC Group), has reached the halfway mark of its shareholding increase plan. The plan, initiated on April 9, 2025, aims to acquire between 300 million yuan and 500 million yuan worth of the company's A and H shares over 12 months.

As of October 8, 2025, CNOOC Group has purchased 16,008,000 H shares, representing approximately 0.34% of the company's total share capital. The total investment for these acquisitions amounts to 80.9817 million yuan, excluding taxes and fees, using self-funded capital.

The company notes that the actual amount invested falls short of 50% of the planned lower limit, primarily due to fluctuations in the company's stock market prices and the overall market trend. The company will continue to monitor the progress of the increase plan and fulfill its information disclosure obligations.