China Petroleum Engineering reports significant October 2025 guarantees

China Petroleum Engineering Corp (CPEEC) and its subsidiaries issued 13 guarantees totaling approximately RMB 30,109,539.64 in October 2025. These guarantees were all for credit facilities, primarily benefiting wholly-owned subsidiaries such as China Petroleum Engineering Construction Co. Ltd., China Petroleum Pipeline Bureau Engineering Co. Ltd., and China HQCEC Engineering Co., Ltd. All guarantees were within the company's previously approved 2025 annual guarantee quota of RMB 51.126 billion.

As of October 31, 2025, CPEEC and its subsidiaries' outstanding guarantee balance reached approximately RMB 44.887 billion. This amount represents 169.31% of the company's net assets as of December 31, 2024, as per audited figures. Investors are advised to pay close attention to the associated guarantee risks.

The guarantees are intended to optimize CPEEC's guarantee management procedures, improve operational efficiency, and enhance its competitiveness in market development and project acquisition, aligning with the interests of all shareholders. The company confirmed that all guarantees issued in October 2025 complied with internal approval processes.