CNPC Capital to acquire Yingda Futures, adjusts shareholdings

CNPC Capital's wholly-owned subsidiary, China Petroleum Group Capital Co., Ltd., plans to acquire 100% equity in Yingda Futures Co., Ltd. from Yingda Securities Co., Ltd. for 1,129,286,232.00 yuan. The acquisition, confirmed by the State-owned Assets Supervision and Administration Commission, aims to expand CNPC Capital's financial services and optimize its integrated financial framework. The transaction is subject to approval from state-owned asset regulators and the China Securities Regulatory Commission.

Concurrently, China National Petroleum Corporation (CNPC), CNPC Capital's controlling shareholder, will transfer 379,262,372 A shares (3.00% of total share capital) to State Grid Yingda International Holdings Group Co., Ltd. through a state-owned equity transfer. This transfer will reduce CNPC's direct holding to 74.35% but will not change CNPC Capital's controlling shareholder or actual controller.

CNPC Capital has also announced its 2025 interim profit distribution plan, approved at the fourth extraordinary general meeting, to distribute a cash dividend of 0.55 yuan (including tax) per 10 shares, totaling 695,314,349.34 yuan. The equity registration date for this distribution is January 6, 2026. Additionally, the company projects its 2026 routine connected transactions with China-Italy Life Insurance Co., Ltd. and its subsidiaries to not exceed 98,248 million yuan, mainly covering insurance services, fees, commissions, and other related services.