6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OFFOREIGN ISSUER

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

For the month of October 2020

Commission File Number: 001-15006

PETROCHINA COMPANY LIMITED

9 DongzhimenNorth Street, Dongcheng District

Beijing, The People’s Republic of China, 100007

(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  ☒            Form 40-F  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):   ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes  ☐            No  ☒

(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-                )

EXHIBITS

Exhibit Number

99.1 An announcement dated October 29, 2020, regarding the company’s third quarter report for 2020;

99.2 A press release regarding the third quarter results of the company.

99.3 Appointment of the company secretary;

99.4 Appointment of a member of a board committee;

99.5 Updated list of directors and their roles and functions.

FORWARD-LOOKING STATEMENTS

This announcement contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual results may differ materially from information contained in these forward-looking statements as a result of a number of factors.

We do not intend to update or otherwise revise the forward-looking statements in this announcement, whether as a result of new information, future events or otherwise. Because of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this announcement might not occur in the way we expect, or at all.

You should not place undue reliance on any of these forward-looking statements.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this announcement to be signed on its behalf by the undersigned, thereunto duly authorized.

	PetroChina Company Limited
Dated: October 29, 2020	By:	/s/ CHAI Shouping
	Name:	CHAI Shouping
	Title:	Company Secretary

EX-99.1

Exhibit 99.1

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make norepresentation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

PETROCHINA COMPANY LIMITED

(A joint stock limited company incorporated in the People’s Republic of China with limited liability)

(Hong Kong Stock Exchange Stock Code: 857; Shanghai Stock Exchange Stock Code: 601857)

ANNOUNCEMENT

ThirdQuarterly Report of 2020

1.	Important Notice
1.1.	The Board of Directors, the Supervisory Committee and the Directors, Supervisors and Senior Management of<br>PetroChina Company Limited (the “Company”) warrant that there are no material omissions from, or misrepresentation or misleading statements contained in this quarterly report, and jointly and severally accept full responsibility for the<br>truthfulness, accuracy and completeness of the information contained in this quarterly report.
---	---
1.2.	This quarterly report has been approved at the eighth meeting of the Board of Directors of the Company in 2020.<br>All Directors have attended the meeting of the Board of Directors.
---	---
1.3.	Mr. Dai Houliang, Chairman of the Board of Directors of the Company, Mr. Duan Liangwei, Director and<br>President of the Company, and Mr. Chai Shouping, Chief Financial Officer of the Company, warrant the truthfulness, accuracy and completeness of the financial statements set out in this quarterly report.
---	---
1.4.	The financial statements of the Company and its subsidiaries (the “Group”) have been prepared in<br>accordance with the China Accounting Standards (“CAS”) and the International Financial Reporting Standards (“IFRS”), respectively. The financial statements for the third quarterly report of the Company is unaudited.<br>
---	---

1

2.	Basic Information of the Company
2.1	Key Financial Data
---	---
2.1.1	Key Financial Data and Financial Indicators Prepared under IFRS
---	---
					Unit: RMB Million
---	---	---	---	---	---	---	---
Items	As at the end of<br>the reporting<br>period		As at the end of<br>the preceding<br>year		Changes from the end of the<br>preceding year to the end ofthe reporting period (%)
Total assets		2,566,644		2,732,910		(6.1	)
Equity attributable to owners of the Company		1,210,287		1,230,156		(1.6	)
Items	From thebeginning of the<br>year to the end ofthe reportingperiod		From the<br>beginning of the<br>preceding year to theend of the precedingreporting period		Changes over the<br>same period of the<br>preceding year (%)
Net cash flows from operating activities		163,303		239,396		(31.8	)
												Unit: RMB Million
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	For the three months ended<br>September 30<br>(July-September)							For the nine months ended<br>September 30<br>(January-September)
Items	2020		2019		Changes overthe same periodof the precedingyear (%)			2020		2019		Changes overthe same periodof the precedingyear (%)
Revenue		497,125		618,143		(19.6	)		1,426,170		1,814,402		(21.4	)
Profit attributable to owners of the Company		40,050		8,830		353.6			10,067		37,253		(73.0	)
Return on net assets (%)		3.31		0.72		2.59<br>percentage points			0.83		3.04		(2.21<br> <br>percentage points	)
Basic earnings per share (RMB Yuan)		0.219		0.048		353.6			0.055		0.204		(73.0	)
Diluted earnings per share (RMB Yuan)		0.219		0.048		353.6			0.055		0.204		(73.0	)
Note:	The Company sold its major oil & gas pipelines, certain gas storages, LNG terminals and initial oil<br>and gas (including its equity interests) to China Oil&Gas Pipeline Network Corporation (“PipeChina”) for its equity interests and corresponding cash consideration. On September 30, 2020, all of the conditions precedent set out in<br>the Transaction Agreements have been satisfied, and the corresponding ownership and risk were passed to PipeChina. (Please see Section 3.6 for details)
---	---

2

2.1.2	Key Financial Data and Financial Indicators Prepared under CAS
					Unit: RMB Million
---	---	---	---	---	---	---	---
Items	As at the end of thereporting period		As at the end of thepreceding year		Changes from the end of the<br>preceding year to the end ofthe reporting period (%)
Total assets		2,566,916		2,733,190		(6.1	)
Equity attributable to equity holders of the Company		1,210,550		1,230,428		(1.6	)
Items	From the beginningof the year to theend of the reportingperiod		From the beginning of the<br>preceding year to the endof the preceding reportingperiod		Changes over the sameperiod of the precedingyear (%)
Net cash flows from operating activities		163,303		239,396		(31.8	)
													Unit: RMB Million
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	For the three months ended<br>September 30<br>(July-September)							For the nine months ended<br>September 30<br>(January-September)
Items	2020		2019		Changes over<br>the same period<br>of the precedingyear (%)			2020			2019		Changes over<br>the same period<br>of the preceding<br>year (%)
Operating income		497,125		618,143		(19.6	)		1,426,170			1,814,402		(21.4	)
Net profit attributable to equity holders of the Company		40,050		8,862		351.9			10,064			37,282		(73.0	)
Net profit after deducting non-recurring profit/loss items<br>attributable to equity holders of the Company		8,586		10,272		(16.4	)		(23,204	)		40,658		(157.1	)
Weighted average return on net assets (%)		3.34		0.73		2.61<br> <br>percentage points			0.82			3.06		(2.24)<br>percentage points
Basic earnings per share (RMB Yuan)		0.219		0.048		351.9			0.055			0.204		(73.0	)
Diluted earnings per share (RMB Yuan)		0.219		0.048		351.9			0.055			0.204		(73.0	)

3

	Unit: RMB Million
Non-recurring profit/lossitems	For the nine months ended<br>September 30, 2020<br>profit/(loss)
Net loss on disposal of non-current assets		(1,545	)
Government grants recognised in the income statement		381
Reversal of provisions for bad debts against receivables		22
Net profit or loss on disposal of associated companies and joint ventures		4
Net profit or loss arising from disposal of subsidiary		331
Net profit arising from restructuring of pipeline assets		45,820
Other non-operating income and expenses		2,678
Sub-total		47,691
Tax impact of non-recurring profit/loss items		(14,404	)
Impact of non-controlling interests		(19	)
Total		33,268
2.1.3	Differences between CAS and IFRS
---	---

✓ Applicable      ☐ Inapplicable

The consolidated net profit for the nine months ended September 30, 2020 under IFRS and CAS were RMB20,678 million and RMB20,675 million, respectively, with a difference of RMB3 million; the consolidated shareholders’ equity as at the end of the reporting period under IFRS and CAS were RMB1,360,985 million and RMB1,361,249 million, respectively, with a difference of RMB264 million, which was primarily due to the revaluation for assets other than fixed assets and oil and gas properties revalued in 1999. During the restructuring in 1999, a valuation was carried out for assets and liabilities injected by China National Petroleum Corporation (中國石油天然氣集團公司, now renamed 中國石油天然氣集團有限公司 on 19 December 2017, “CNPC” before and after the change of name). The valuation results on assets other than fixed assets and oil and gas properties were not recognised in the financial statements prepared under IFRS.

4

2.2	Total Number of Shareholders, Shareholdings of Top Ten Shareholders and Shareholdings of Top Ten Holders of<br>Marketable Shares (or Holders of Shares Without Selling Restrictions) as at the End of the Reporting Period
Number of shareholders as at the end of the reporting period	706,651 shareholders including 700,383 holders of A shares and 6,268 holders of H shares (including 148 holders of the American Depository Shares)
---	---	---	---	---	---	---	---	---	---	---
Shareholdings of the top ten shareholders
Name of shareholders	Nature of<br><br><br>shareholder	Percentage ofShareholdings(%)		Number of sharesheld			Number ofshares withsellingrestrictions		Number ofpledged or frozenshares
CNPC	State-owned Legal Person		80.25	^^	146,882,339,136^^	^(1)^		0		0
HKSCC Nominees Limited^(2)^	Overseas Legal Person		11.42		20,894,384,550	^(3)^		0		0
CNPC-CSC-17 CNPC<br>E2 Pledge and Trust Special Account	State-owned Legal Person		2.09		3,819,972,916			0		3,819,972,916
CNPC-CSC-17 CNPC<br>EB Pledge and Trust Special Account	State-owned Legal Person		1.12		2,051,488,603			0		2,051,488,603
China Securities Finance Corporation Limited	State-owned Legal Person		0.62		1,139,138,704			0		0
China Metallurgical Group Corporation	State-owned Legal Person		0.31		560,000,000			0		0
China Baowu Steel Group Corporation Limited	State-owned Legal Person		0.23		425,874,926			0		0
Hong Kong Securities Clearing Company Limited (“HKSCC”)^(4)^	Overseas Legal Person		0.18		322,347,283			0		0
Ansteel Group Corporation	State-owned Legal Person		0.12		220,000,000			0		0
Central Huijin Asset Management Ltd.	State-owned Legal Person		0.11		206,109,200			0		0

5

Shareholdings of the top ten shareholders without selling restrictions
Name of shareholders	Number of<br>shares held		Type ofshares
CNPC		146,882,339,136		A shares
HKSCC Nominees Limited		20,894,384,550		H shares
CNPC-CSC-17 CNPC<br>E2 Pledge and Trust Special Account		3,819,972,916		A shares
CNPC-CSC-17 CNPC<br>EB Pledge and Trust Special Account		2,051,488,603		A shares
China Securities Finance Corporation Limited		1,139,138,704		A shares
China Metallurgical Group Corporation		560,000,000		A shares
China Baowu Steel Group Corporation Limited		425,874,926		A shares
Hong Kong Securities Clearing Company Limited		322,347,283		A shares
Ansteel Group Corporation		220,000,000		A shares
Central Huijin Asset Management Ltd.		206,109,200		A shares
Statement on the<br>connection or activities acting in concert among the above-mentioned shareholders:<br> <br><br><br><br>Except for HKSCC Nominees Limited and HKSCC that are wholly-owned subsidiaries of Hong Kong Exchanges and Clearing Limited, the Company is<br>not aware of any connection among or between the other top ten shareholders or that they are persons acting in concert as provided for in the Measures for the Administration of Acquisitions by Listed Companies.
Notes: (1)	Such figure excludes the H shares indirectly held by CNPC through Fairy King Investments Limited, anoverseas wholly-owned subsidiary of CNPC.
---	---
(2)	HKSCC Nominees Limited is a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited and acts asnominee on behalf of other corporate or individual shareholders to hold the H shares of the Company.
---	---
(3)	291,518,000 H shares were indirectly held by CNPC through Fairy King Investments Limited, an overseaswholly-owned subsidiary of CNPC, representing 0.16% of the total issued shares of the Company. These shares were held in the name of HKSCC Nominees Limited.
---	---
(4)	HKSCC is a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited and acts as the nominee onbehalf of investors of Hong Kong Stock Exchange to hold the A shares of the Company listed on Shanghai Stock Exchange.
---	---
2.3	Number of Shareholders of Preferred Shares, Shareholdings of Top Ten Shareholders of Preferred Shares and<br>Shareholdings of Top Ten Shareholders of Preferred Shares without Selling Restrictions as at the End of the Reporting Period
---	---

☐ Applicable        ✓Inapplicable

6

2.4	Business Review

In the first three quarters in 2020, the global economy was in deep recession affected by the Coronavirus Disease 2019 (“COVID-19”), which in turn further loosened supply and demand balance in the international oil market. After witnessing a cliff-like drop, the international crude oil price recorded a sluggish rebound and is currently fluctuating at low level. There was a significant decrease in the average international oil prices as compared with the same period of last year, in which the average spot price of North Sea Brent crude oil and the average spot price of the West Texas Intermediate (“WTI”) crude oil were US$40.99 per barrel and US$38.13 per barrel, representing a decline of 36.5% and 33.2% as compared with the same period of last year, respectively. As China managed to bring COVID-19 under effective control, the domestic macro-economic operation has been recovering steadily with signs of improvement quarter-by-quarter and there was a change in the domestic economic growth in the first three quarters from negative growth to positive growth. According to the data published by the National Bureau of Statistics of China, the gross domestic product (GDP) in the third quarter recorded a 2.7% increase on a quarter-on-quarter basis and a 4.9% increase on a year-on-year basis, and there was also a 0.7% growth in the GDP of the first three quarters as compared with the same period of last year. In addition, the imbalance between the supply and demand arising from the abundant production capability in the domestic refined products market was further widened. There was also a drop in the demand growth in the natural gas market, but the situation of supply over demand is changing better.

In facing of the complicated and severe economic landscape within and outside China, the Group maintained the strategic strength, strengthened the bottom-line thinking, adhered to high-quality development, while sticking to law-abiding and compliant corporate governance following the governance principles of professional development, market-oriented operation, lean management and integrated planning. The Group paid more attention to green and low-carbon development, digital transformation, intelligent development and value creation to promote quality and profitability improvement. The Group coordinated the prevention and control of COVID-19 and facilitating its production and operation and also its reform and development. Pipeline assets restructuring was completed smoothly based on the market-oriented principle. The Group continued to promote the modernisation of its corporate governance system and capability and proactively took special actions to improve quality and profitability. As a result, the Group maintained stable production and operation under control.

In the first three quarters of 2020, the average realised price for crude oil of the Group was US$40.06 per barrel, representing a decrease of 34.9% as compared with the same period of last year, of which the domestic realised price was US$41.43 per barrel, representing a decrease of 32.5% as compared with the same period of last year. The average realised price for natural gas was US$4.61 per thousand cubic feet, representing a decrease of 16.0% as compared with the same period of last year, of which the domestic realised price was US$5.25 per thousand cubic feet, representing a decrease of 11.6% as compared with the same period of last year. In light of the adverse situation arising from the sharp fall in oil and gas prices, the Group facilitated the implementation of initiatives to improve both quality and profitability and enhanced its control over capital expenditure and also costs and expenses. There was a 7.8% year-on-year decrease in the capital expenditure in cash, a 10.7% year-on-year decrease in the unit oil and gas lifting cost, a 4.3% year-on-year decrease in employee compensation costs and a 7.9% year-on-year decrease in the selling and administrative expenses. The operating results of the first three quarters returned from negative to positive. According to IFRS, the Group generated a revenue of RMB1,426,170 million and a net profit attributable to owners of the Company of RMB10,067 million. The operating results have been improving on a quarter-by-quarter basis, which is evidenced by the fact that the net profit attributable to owners of the Company realised in the third quarter stood at RMB40,050 million, representing a substantial quarter-on-quarter increase of RMB53,803 million from the previous loss, or a substantial increase of RMB21,803 million from the previous loss after excluding the profit generated from pipeline assets restructuring. The financial position of the Group was generally stable. The free cash flows turned positive in the first three quarters of 2020 from negative in the first half of 2020.

7

In respect of domestic exploration and production business, the Group continued to optimise the deployment of its exploration activities and to strengthen its comprehensive geological research and the risk exploration target research. By focusing on launching sizeable and profitable exploration activities in large basins and key areas, the Group made important discoveries and strategic breakthroughs in Tarim, Sichuan, Junggar, Erdos and other basins. In adhering to the practice of stressing both the production quantity and profitability, the Group on one hand secured the stable production in the existing oil fields and on the other hand focused on building up its centralised production capacity in a sizeable and profitable manner so as to strictly control its investments as well as production and operating costs, and in turn to promote improvements in terms of both production and proficiency. For overseas operation, in addition to coordinate the safe and stable operation of its existing projects and the development of new projects, the Group also stepped up its efforts in the prevention and control of risks, including those arising from COVID-19. In the first three quarters of 2020, the crude oil output from the Group amounted to 701.2 million barrels, representing an increase of 2.7% as compared with the same period of last year. The marketable natural gas output of the Group amounted to 3,079.8 billion cubic feet, representing an increase of 6.5% as compared with the same period of last year, of which the domestic marketable natural gas output of the Group amounted to 2,907.4 billion cubic feet, representing an increase of 8.2% as compared with the same period of last year. The oil and gas equivalent output was 1,214.6 million barrels, representing an increase of 4.3% as compared with the same period of last year, of which the domestic oil and gas equivalent output was 1,044.7 million barrels, representing an increase of 4.0% as compared with the same period of last year. The overseas oil and gas equivalent output was 169.9 million barrels, representing an increase of 6.2% as compared with the same period of last year. The unit oil and gas lifting cost was US$10.07 per barrel, representing a decrease of 10.7% as compared with the same period of last year. Due to the combined effect of factors such as the decrease in price of crude oil and increase in the sales volume of crude oil and natural gas, the exploration and production segment generated an operating profit of RMB20,000 million, representing a decrease of 74.0% as compared with RMB76,935 million for the same period of last year. In the third quarter of 2020, the exploration and production segment generated an operating profit of RMB9,649 million, representing a quarter-on-quarter increase of RMB14,181 million in profit from the loss of the second quarter of 2020.

In respect of refining and chemicals business, the Group strengthened its production and operation by optimising the connection between production and sales in order to ensure a safe and stable operation in circumstances where production facilities were operated in low load. At the same time of adhering to the market-oriented approach, the Group also proactively promoted the reduction of refined products and the increase in chemical products with an aim to optimise its product structure through dynamic adjustment and, in turn, to increase the output of value-added products. The Group also intensified its efforts in controlling its costs and expenses as a mean to improve its competitiveness in cost. In the first three quarters of 2020, the Group processed a total amount of 877.3 million barrels of crude oil, representing a decrease of 3.2% as compared with the same period of last year. The Group produced 80.192 million tons of gasoline, diesel and kerosene, representing a decrease of 7.4% as compared with the same period of last year. The output of chemical products amounted to 21.511 million tons, representing an increase of 14.4% as compared with the same period of last year. Due to the combined effect of factors such as the decrease in demand, the fall in price, the reduction in margin and also the decline in profit from inventories prevailing in the domestic refined oil market, the refining and chemicals segment recorded in the first three quarters in 2020 an operating loss of RMB1,668 million, representing a decrease of 118.5% as compared with RMB9,004 million in profit for the same period of last year, of which the refining operations recorded an operating loss of RMB8,270 million, representing a decrease of 256.6% as compared with RMB5,281 million in profit for the same period of last year, and the chemicals operations achieved an operating profit of RMB6,602 million, representing an increase of 77.3% as compared with RMB3,723 million for the same period of last year. In the third quarter of 2020, the refining and chemicals segment generated an operating profit of RMB8,872 million, representing a quarter-on-quarter increase of RMB10,703 million in profit from the loss of the second quarter of 2020.

8

In respect of marketing business, the Group adopted proactive actions to cope with adversities arising from the decline in market demand, which included intensifying its sales efforts, diligently improving price realisation rate and stringently controlling its marketing costs. Through enhancing the coordination between production and sales, the Group was able to effectively control its inventory scale. Further, the Group made flexible adjustments to its product export based on changes prevailing in the market as well as the change in prices in order to improve the overall profitability of the industry chain. In the first three quarters of 2020, the marketing segment sold 120.645 million tons of gasoline, kerosene and diesel, representing an decrease of 13.0% as compared with the same period of last year, of which the marketing segment domestically sold 77.837 million tons of gasoline, kerosene and diesel, representing an decrease of 12.9% as compared with the same period of last year. However, due to the impact brought by factors such as the decrease in sales volume, fall in price and decline in profit from inventories prevailing in domestic refined oil market, the marketing segment recorded an operating loss of RMB4,936 million, representing an increase in loss of RMB3,487 million as compared with RMB1,449 million for the same period of last year. In the third quarter of 2020, the marketing segment generated an operating profit of RMB7,956 million, representing a quarter-on-quarter increase of RMB4,262 million from the second quarter of 2020.

In respect of natural gas and pipeline business, by following the market-oriented and profitability-focused approach, the Group proactively conducted research and evaluation towards seasonal gas consumption pattern and market competition environment, and subsequently developed differentiated marketing strategies targeted at different regions, industries and clientele. Additionally, the Group focused on source control and conducted dynamic tracking to analyse the international gas price trend and strive to lower the natural gas procurement costs. The Group continued to enhance its effort in exploring end user markets and to improve its market shares. The Group strengthened the safety and also the management of pipeline operations, and steadily promoted the restructuring of its pipeline assets by following the market-oriented principles. In the first three quarters of 2020, due to the combined effect of factors such as the decrease in both the sales volume and price of natural gas and also the impact brought by the profit from pipeline assets restructuring, the natural gas and pipeline segment generated an operating profit of RMB57,707 million (including certain profit from pipeline assets restructuring) , representing an increase of 162.9% as compared with RMB21,950 million in profit for the same period of last year. Due to the effect from the decrease in procurement costs and reduction in procurement amount, the net loss incurred from sales of imported gas and liquified nature gas (LNG) in the natural gas and pipeline segment amounted to RMB17,548 million, representing a significant decrease in loss of RMB4,216 million as compared with the same period of last year. The Group will make further efforts in controlling loss caused by imported gas by controlling the import volume, lowering import costs together with other relevant measures. In the third quarter of 2020, the natural gas and pipeline segment generated an operating profit of RMB43,335 million, representing a quarter-on-quarter increase of RMB40,322 million from the second quarter of 2020.

Note: In 2020, in order to optimise production, operation and management, the Group shifted PetroChina Fuel Oil Company Limited and PetroChina Lubricant Company from the Marketing segment to the Refining and Chemicals segment. Accordingly, the comparative data in respect of Refining and Chemicals segment and also the Marketing segment against those of the same period of last year have been restated, which implies that the two companies mentioned above shall be deemed to have been incorporated in the Refining and Chemical segment since the earliest financial reporting period presented.

9

Summary of Key Operating Data for the First Three Quarters of 2020

Operating Data	Unit			For the nine monthsended September 30				Changes over thesame period of thepreceding year (%)
			2020			2019
Total crude oil output		Million barrels			701.2		682.7		2.7
of which: domestic		Million barrels			560.0		556.9		0.6
overseas		Million barrels			141.2		125.8		12.2
Marketable natural gas output		Billion cubic feet			3,079.8		2,892.8		6.5
of which: domestic		Billion cubic feet			2,907.4		2,688.0		8.2
overseas		Billion cubic feet			172.4		204.8		(15.8	)
Oil and natural gas equivalent output		Million barrels			1,214.6		1,165.0		4.3
of which: domestic		Million barrels			1,044.7		1,005.0		4.0
overseas		Million barrels			169.9		160.0		6.2
Processed crude oil		Million barrels			877.3		905.9		(3.2	)
Gasoline, kerosene and diesel output		Thousand tons			80,192		86,583		(7.4	)
of which: Gasoline		Thousand tons			34,007		37,084		(8.3	)
Kerosene		Thousand tons			7,186		9,378		(23.4	)
Diesel		Thousand tons			38,999		40,121		(2.8	)
Gasoline, kerosene and diesel gross sales		Thousand tons			120,645		138,680		(13.0	)
of which: Gasoline		Thousand tons			50,251		56,850		(11.6	)
Kerosene		Thousand tons			10,264		15,020		(31.7	)
Diesel		Thousand tons			60,130		66,810		(10.0	)
Gasoline, kerosene and diesel domestic sales		Thousand tons			77,837		89,384		(12.9	)
of which: Gasoline		Thousand tons			36,349		40,326		(9.9	)
Kerosene		Thousand tons			5,402		6,423		(15.9	)
Diesel		Thousand tons			36,086		42,635		(15.4	)
Output of key chemical products
Ethylene		Thousand tons			4,714		4,290		9.9
Synthetic resin		Thousand tons			7,637		7,018		8.8
Synthetic fibre raw materials and polymer		Thousand tons			953		983		(3.1	)
Synthetic rubber		Thousand tons			743		669		11.1
Urea		Thousand tons			1,634		919		77.8
Notes:	Figures have been converted at the rate of 1 ton of crude oil = 7.389 barrels and 1 cubic metre of naturalgas = 35.315 cubic feet.
---	---
Number of self-operated gas station and convenience store	Unit		As atSeptember 30,2020		As atDecember 31,2019		Changes over thesame period of thepreceding year (%)
---	---	---	---	---	---	---	---	---
Number of self-operated gas station		station		22,523		22,365		0.7
Number of convenience store		store		20,521		20,021		2.5

10

3.	Significant Events
3.1	Significant changes in key accounting items and financial indicators under CAS and explanation of such changes<br>
---	---

✓ Applicable    ☐ Inapplicable

Unit: RMB Million

Items	September 30,2020		December 31,2019		Changes<br>(%)			Key explanation of the changes
Accounts receivable		159,664		64,184		148.8		Mainly due to corresponding cash consideration receipts from the pipeline assets restructuring for the Company sold its major oil and gas pipelines, certain gas storage facilities, LNG terminals and other related assets to<br>PipeChina
Advances to suppliers		28,479		17,038		67.1		Mainly due to the increase in prepayments such as those for goods and materials
Other receivables		28,965		21,199		36.6		Mainly due to the pipeline assets restructuring, the one-off dividend distribution of PetroChina Pipelines Co., Ltd. in September led to the increase in dividend receivables
Long-term equity Investment		251,116		102,165		145.8		Mainly due to corresponding equity interests from the pipeline assets restructuring for the Company sold major oil and gas pipelines, certain gas storage facilities, LNG terminals and other related assets to PipeChina
Fixed Asset		436,289		703,414		(38.0	)	Mainly due to the pipeline assets restructuring, the Company sold related assets to PipeChina
Goodwill		8,485		42,808		(80.2	)	Mainly due to the goodwill of related pipeline companies was transferred along with the pipeline assets restructuring
Deferred tax asset		10,359		24,259		(57.3	)	Mainly due to the changes of related deferred income tax expenses from pipeline assets restructuring
Other non-current assets		38,779		28,169		37.7		Mainly due to the increase in prepayments for large equipment and time deposits with maturities over one year
Taxes payable		43,554		67,382		(35.4	)	Mainly due to the decrease in the outstanding amount of taxes payable as compared with that at the end of last year
Other Payables		89,865		34,699		159.0		Mainly due to the increase in accrued expenses and other business accounts payables
Other current liabilities		53,454		30,048		77.9		Mainly due to the increase of ultra short term financing bond

11

Items	For the nine months endedSeptember 30					Changes<br>(%)			Key explanation of the changes
	2020		2019
Net investment income		45,706		7,123			541.7		Mainly due to gains recognised due to the pipeline assets restructuring
Credit losses		381		(732	)		(152.0	)	Mainly due to the increase in provision for bad debt of account receivable
Asset impairment losses		8,112		777			944.0		Mainly due to the increase in provision for inventory depreciation
Gains on asset disposals		929		203			357.6		Mainly due to the increase in disposal of assets with low and no efficiency
Non-operating expenses		2,165		8,051			(73.1	)	Mainly due to the decrease in the loss on retirement of assets
Net cash flows from operating activities		163,303		239,396			(31.8	)	Mainly due to the decrease in cash received from sales of goods and rendering of services, and<br>changes in working capitals
Net cash flows from / (used for) financing activities		4,803		(9,151	)		(152.5	)	Mainly due to the increase of net borrowings

12

3.2	Developments and impacts of significant events as well as the analysis of and explanation for the solutions<br>

☐ Applicable    ✓ Inapplicable

3.3	Status of fulfilment of undertakings given by the Company and shareholders with a shareholding of 5% or more<br>

✓ Applicable    ☐ Inapplicable

During the reporting period, the undertaking given by CNPC, the controlling shareholder of the Company, and the fulfilment thereof were consistent with the information disclosed in the section headed “Significant Events” of the 2020 Interim Report of the Company. There have been no events affecting the performance of these undertakings.

3.4	Caution and explanation as to the anticipated accumulated losses or significant changes over the same period of<br>the preceding year

☐ Applicable    ✓ Inapplicable

3.5	Securities Investment

☐ Applicable    ✓ Inapplicable

3.6	Other Significant Events

✓ Applicable    ☐ Inapplicable

Transaction on restructuring of pipeline assets

On July 23, 2020, the Company entered into the Framework Agreement on Transaction of Oil and Gas Pipeline Relevant Assets and 10 sub-agreements including the Equity Acquisition Agreement on PetroChina Pipeline Co., Ltd., and the Production and Operation Agreement with PipeChina upon approval by sixth meeting of the Board of Directors of the Company in 2020 and forth meeting of the Supervisory Committee of the Company in 2020. The Company sold its major oil & gas pipelines, certain gas storages, LNG terminals and initial oil and gas (including its equity interests) to PipeChina for 29.9% of its equity interests and corresponding cash consideration (the “Transaction”). The consideration of the Transaction is based on the appraised value on December 31, 2019 (as the base date), taking into account factors such as the profit and loss during the transition period, subsequent adjustment events and the price at the timing of the delivery of initial oil and gas assets, which will be determined after audit.

On September 28, 2020, the Transaction was reviewed and approved by the second extraordinary general meeting of the Company in 2020, with a support rate of 99.9963%.

On September 30, 2020, all of the conditions precedent set out in the Transaction Agreements have been satisfied. The ownership and risk of the Target Assets were passed to PipeChina at 24:00 on September 30, 2020.

The total assets sold in the Transaction amounted to RMB354,075 million, the book value of net assets attributable to the owners of the Company was RMB201,428 million, and the transaction value was RMB247,248 million. As the consideration, the Company recognised a long-term equity investment of RMB149,500 million in the PipeChina, and received a consideration in cash of RMB97,748 million. For the Transaction, the Company recognised profit before taxation of RMB45,820 million and net profit after taxation of RMB32,000 million. The difference between the relevant amount and the amount set out in the circular of the Company dated 12 August 2020 on the Hong Kong Stock Exchange is mainly due to the change in price and quantity of the initial oil and gas and profits distribution to the Company in advance made by certain pipeline enterprises. The audit for closing is in the process and the final consideration and the profit arising from restructuring will be determined based on the results of audit.

13

For details, please refer to the announcements published by the Company on the Shanghai Stock Exchange (with the announcement numbers of Lin 2020-032, Lin 2020-041, and Lin 2020-042 respectively) and the announcements published by the Company on the Hong Kong Stock Exchange on July 23, 2020, September 28, 2020, and September 30, 2020.

Such matter does not affect the continuity of the business or the stability of management of the Group, it may have an impact on the operating results of the Group’s natural gas and pipeline business in the short term, and be conducive to the sustainable and healthy development of the Group and achieving sustainable and positive operating results in the long term.

By Order of the Board of Directors

PetroChina Company Limited

Dai Houliang

Chairman

Beijing, the PRC

October 29, 2020

As at the date ofthis announcement, the Board of Directors of the Company comprises Mr. Dai Houliang as the Chairman; Mr. Li Fanrong as Vice Chairman and non-executive director; Mr. Liu Yuezhen, Mr. JiaoFangzheng and Mr. Huang Yongzhang as non-executive directors; Mr. Duan Liangwei as executive director; and Ms. Elsie Leung Oi-sie, Mr. TokuchiTatsuhito, Mr. Simon Henry, Mr. Cai Jinyong and Mr. Jiang, Simon X. as independent non-executive directors.

This announcement is published in English and Chinese. In the event of any inconsistency between the two versions, the Chinese version shall prevail.

14

Appendix

A. Financial statements for the third quarter of 2020 prepared in accordance with CAS

1.	Consolidated Balance Sheet
	September 30, 2020		December 31, 2019
---	---	---	---	---
ASSETS	RMB million		RMB million
Current assets
Cash at bank and on hand		106,311		110,665
Accounts receivable		159,664		64,184
Receivables financing		7,190		7,016
Advances to suppliers		28,479		17,038
Other receivables		28,965		21,199
Inventories		159,144		181,921
Other current assets		62,128		64,890
Total current assets		551,881		466,913
Non-current assets
Investments in other equity instruments		909		930
Long-term equity investments		251,116		102,165
Fixed assets		436,289		703,414
Oil and gas properties		790,219		831,814
Construction in progress		240,215		247,996
Right-of-use<br>assets		145,673		189,632
Intangible assets		81,317		84,832
Goodwill		8,485		42,808
Long-term prepaid expenses		11,674		10,258
Deferred tax assets		10,359		24,259
Other non-current assets		38,779		28,169
Total non-current assets		2,015,035		2,266,277
TOTAL ASSETS		2,566,916		2,733,190
Chairman	Director and President	Chief Financial Officer
---	---	---
Dai Houliang	Duan Liangwei	Chai Shouping

15

1. Consolidated Balance Sheet (Continued)

	September 30, 2020			December 31, 2019
LIABILITIES AND SHAREHOLDERS’ EQUITY	RMB million			RMB million
Current liabilities
Short-term borrowings		75,738			70,497
Notes payable		13,452			13,153
Accounts payable		188,697			260,102
Contracts liabilities		93,316			82,490
Employee compensation payable		12,202			10,169
Taxes payable		43,554			67,382
Other payables		89,865			34,699
Current portion of non-current liabilities		111,696			92,879
Other current liabilities		53,454			30,048
Total current liabilities		681,974			661,419
Non-current liabilities
Long-term borrowings		148,439			174,411
Debentures payable		89,379			116,471
Lease liabilities		123,947			164,143
Provisions		134,923			137,935
Deferred tax liabilities		16,306			21,418
Other non-current liabilities		10,699			12,815
Total non-current liabilities		523,693			627,193
Total liabilities		1,205,667			1,288,612
Shareholders’ equity
Share capital		183,021			183,021
Capital surplus		127,085			127,314
Special reserve		14,409			12,443
Other comprehensive income		(31,558	)		(27,756	)
Surplus reserves		197,282			197,282
Undistributed profits		720,311			738,124
Equity attributable to equity holders of the Company		1,210,550			1,230,428
Non-controlling interests		150,699			214,150
Total shareholders’ equity		1,361,249			1,444,578
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		2,566,916			2,733,190
Chairman	Director and President	Chief Financial Officer
---	---	---
Dai Houliang	Duan Liangwei	Chai Shouping

16

2. Company Balance Sheet

	September 30, 2020		December 31, 2019
ASSETS	RMB million		RMB million
Current assets
Cash at bank and on hand		10,208		6,636
Accounts receivable		109,591		10,072
Receivables financing		2,894		2,538
Advances to suppliers		13,895		6,980
Other receivables		17,448		8,997
Inventories		93,409		117,757
Other current assets		46,336		47,565
Total current assets		293,781		200,545
Non-current assets
Investments in other equity instruments		401		437
Long-term equity investments		447,030		402,584
Fixed assets		252,725		347,649
Oil and gas properties		577,792		599,230
Construction in progress		155,271		158,823
Right-of-use<br>assets		67,518		107,852
Intangible assets		62,646		64,530
Long-term prepaid expenses		8,881		8,198
Deferred tax assets		2,481		14,725
Other non-current assets		14,957		10,571
Total non-current assets		1,589,702		1,714,599
TOTAL ASSETS		1,883,483		1,915,144
Chairman	Director and President	Chief Financial Officer
---	---	---
Dai Houliang	Duan Liangwei	Chai Shouping

17

2. Company Balance Sheet (Continued)

	September 30, 2020		December 31, 2019
LIABILITIES AND SHAREHOLDERS’ EQUITY	RMB million		RMB million
Current liabilities
Short-term borrowings		44,779		66,027
Notes payable		11,702		12,046
Accounts payable		80,027		102,780
Contracts liabilities		58,679		54,014
Employee compensation payable		9,903		7,931
Taxes payable		26,248		42,779
Other payables		102,009		60,291
Current portion of non-current liabilities		85,255		36,799
Other current liabilities		47,662		25,882
Total current liabilities		466,264		408,549
Non-current liabilities
Long-term borrowings		58,844		110,717
Debentures payable		87,000		113,000
Lease liabilities		48,459		85,449
Provisions		99,910		95,643
Other non-current liabilities		5,232		6,511
Total non-current liabilities		299,445		411,320
Total liabilities		765,709		819,869
Shareholders’ equity
Share capital		183,021		183,021
Capital surplus		126,923		127,845
Special reserve		8,123		6,513
Other comprehensive income		723		979
Surplus reserves		186,190		186,190
Undistributed profits		612,794		590,727
Total shareholders’ equity		1,117,774		1,095,275
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		1,883,483		1,915,144
Chairman	Director and President	Chief Financial Officer
---	---	---
Dai Houliang	Duan Liangwei	Chai Shouping

18

3-1. Consolidated Income Statement

	Three months ended September 30
	2020			2019
Items	RMB million			RMB million
Operating income		497,125			618,143
Less: Cost of sales		(393,546	)		(501,163	)
Taxes and surcharges		(48,397	)		(57,508	)
Selling expenses		(17,068	)		(18,186	)
General and administrative expenses		(13,833	)		(15,440	)
Research and development expenses		(3,639	)		(2,854	)
Finance expenses		(5,863	)		(6,007	)
Including: Interest expenses		5,967			7,450
Interest income		755			928
Add: Other income		2,621			3,782
Investment income		44,643			1,890
Including: Income from investment in associates and joint ventures		858			1,950
Credit (losses) / reversal		(30	)		507
Asset impairment reversal		39			7
Gains on asset disposals		68			116
Operating profit		62,120			23,287
Add: Non-operating income		1,291			910
Less: Non-operating expenses		(1,935	)		(3,208	)
Profit before income tax		61,476			20,989
Less: Income tax expenses		(17,474	)		(6,587	)
Net profit		44,002			14,402
Classified by continuity of operations:
Net profit from continuous operation		44,002			14,402
Net profit from discontinued operation		—			—
Classified by ownership:
Shareholders of the Company		40,050			8,862
Non-controlling interests		3,952			5,540
Earnings per share
Basic earnings per share (RMB Yuan)		0.219			0.048
Diluted earnings per share (RMB Yuan)		0.219			0.048
Other comprehensive income		(6,711	)		5,134
Other comprehensive income attributable to equity holders of the Company, net of tax		(2,488	)		3,321
(1) Item that will not be reclassified to profit or loss:
Changes in fair value of investments in other equity instruments		39			(85	)
(2) Items that may be reclassified to profit or loss:
Other comprehensive income recognized under equity method		(233	)		100
Translation differences arising from translation of foreign currency financial statements		(2,294	)		3,306
Other comprehensive income (net of tax) attributable to<br>non-controlling interests		(4,223	)		1,813
Total comprehensive income		37,291			19,536
Attributable to：
Equity holders of the Company		37,562			12,183
Non-controlling interests		(271	)		7,353
Chairman	Director and President	Chief Financial Officer
---	---	---
Dai Houliang	Duan Liangwei	Chai Shouping

19

3-2. Consolidated Income Statement

	Nine months ended September 30
	2020			2019
Items	RMB million			RMB million
Operating income		1,426,170			1,814,402
Less: Cost of sales		(1,163,739	)		(1,446,106	)
Taxes and surcharges		(146,820	)		(169,927	)
Selling expenses		(49,340	)		(51,087	)
General and administrative expenses		(38,968	)		(44,045	)
Research and development expenses		(10,414	)		(10,541	)
Finance expenses		(19,368	)		(20,035	)
Including: Interest expenses		20,853			22,647
Interest income		2,151			2,821
Add: Other income		6,704			8,437
Investment income		45,706			7,123
Including: Income from investment in associates and joint ventures		1,428			6,657
Credit (losses) / reversal		(381	)		732
Asset impairment losses		(8,112	)		(777	)
Gains on asset disposals		929			203
Operating profit		42,367			88,379
Add: Non-operating income		2,751			2,434
Less: Non-operating expenses		(2,165	)		(8,051	)
Profit before income tax		42,953			82,762
Less: Income tax expenses		(22,278	)		(29,225	)
Net profit		20,675			53,537
Classified by continuity of operations:
Net profit from continuous operation		20,675			53,537
Net profit from discontinued operation		—			—
Classified by ownership:
Shareholders of the Company		10,064			37,282
Non-controlling interests		10,611			16,255
Earnings per share
Basic earnings per share (RMB Yuan)		0.055			0.204
Diluted earnings per share (RMB Yuan)		0.055			0.204
Other comprehensive income		(7,144	)		8,141
Other comprehensive income attributable to equity holders of the Company, net of tax		(3,802	)		4,073
(1) Item that will not be reclassified to profit or loss:
Changes in fair value of investments in other equity instruments		(27	)		53
(2) Items that may be reclassified to profit or loss:
Other comprehensive income recognized under equity method		(158	)		437
Translation differences arising from translation of foreign currency financial statements		(3,617	)		3,583
Other comprehensive income (net of tax) attributable to<br>non-controlling interests		(3,342	)		4,068
Total comprehensive income		13,531			61,678
Attributable to：
Equity holders of the Company		6,262			41,355
Non-controlling interests		7,269			20,323
Chairman	Director and President	Chief Financial Officer
---	---	---
Dai Houliang	Duan Liangwei	Chai Shouping

20

4-1. Income Statement

	Three months ended September 30
	2020			2019
Items	RMB million			RMB million
Operating income		287,879			331,796
Less: Cost of sales		(223,164	)		(263,385	)
Taxes and surcharges		(37,672	)		(44,109	)
Selling expenses		(12,396	)		(12,638	)
General and administrative expenses		(8,259	)		(10,411	)
Research and development expenses		(2,614	)		(1,820	)
Finance expenses		(5,201	)		(4,875	)
Including: Interest expenses		3,581			5,182
Interest income		375			332
Add: Other income		1,815			3,380
Investment income		88,592			1,527
Including: Income from investment in associates and joint ventures		1,194			1,037
Credit (losses) / reversal		(22	)		499
Asset impairment reversal / (losses)		7			(1	)
Gains on asset disposals		336			132
Operating profit		89,301			95
Add: Non-operating income		1,095			552
Less: Non-operating expenses		(1,618	)		(1,617	)
Profit / (loss) before income tax		88,778			(970	)
Less: Income tax expenses		(18,133	)		555
Net profit / (loss)		70,645			(415	)
Classified by continuity of operations:
Net profit / (loss) from continuous operation		70,645			(415	)
Net profit from discontinued operation		—			—
Earnings per share
Basic earnings / (loss) per share (RMB Yuan)		0.386			(0.002	)
Diluted earnings / (loss) per share (RMB Yuan)		0.386			(0.002	)
Other comprehensive income		(283	)		187
Other comprehensive income attributable to equity holders of the Company, net of tax		(283	)		187
(1) Item that will not be reclassified to profit or loss:
Changes in fair value of investments in other equity instruments		21			(28	)
(2) Item that may be reclassified to profit or loss:
Other comprehensive income recognized under equity method		(304	)		215
Total comprehensive income		70,362			(228	)
Chairman	Director and President	Chief Financial Officer
---	---	---
Dai Houliang	Duan Liangwei	Chai Shouping

21

4-2. Income Statement

	Nine months ended September 30
	2020			2019
Items	RMB million			RMB million
Operating income		801,995			1,000,923
Less: Cost of sales		(650,293	)		(777,698	)
Taxes and surcharges		(114,510	)		(130,370	)
Selling expenses		(34,609	)		(35,173	)
General and administrative expenses		(24,318	)		(29,395	)
Research and development expenses		(8,250	)		(8,722	)
Finance expenses		(16,304	)		(14,995	)
Including: Interest expenses		14,797			15,518
Interest income		726			797
Add: Other income		5,016			7,282
Investment income		106,318			20,028
Including: Income from investment in associates and joint ventures		2,586			3,247
Credit losses		(161	)		764
Asset impairment losses		(1,960	)		17
Gains on asset disposals		1,192			207
Operating profit		64,116			32,868
Add: Non-operating income		2,217			1,817
Less: Non-operating expenses		(4,414	)		(5,989	)
Profit before income tax		61,919			28,696
Less: Income tax expenses		(12,022	)		(6,362	)
Net profit		49,897			22,334
Classified by continuity of operations:
Net profit from continuous operation		49,897			22,334
Net profit from discontinued operation		—			—
Earnings per share
Basic earnings per share (RMB Yuan)		0.273			0.122
Diluted earnings per share (RMB Yuan)		0.273			0.122
Other comprehensive income		(256	)		508
Other comprehensive income attributable to equity holders of the Company, net of tax		(256	)		508
(1) Item that will not be reclassified to profit or loss:
Changes in fair value of investments in other equity instruments		(27	)		27
(2) Item that may be reclassified to profit or loss:
Other comprehensive income recognized under equity method		(229	)		481
Total comprehensive income		49,641			22,842
Chairman	Director and<br>President	Chief Financial<br>Officer
---	---	---
Dai Houliang	Duan Liangwei	Chai Shouping

22

5. Consolidated Cash Flow Statement

	Nine months ended September 30
	2020			2019
Items	RMB million			RMB million
Cash flows from operating activities
Cash received from sales of goods and rendering of services		1,587,335			2,057,566
Cash received from other operating activities		7,164			6,301
Sub-total of cash inflows		1,594,499			2,063,867
Cash paid for goods and services		(1,095,006	)		(1,408,400	)
Cash paid to and on behalf of employees		(94,449	)		(94,856	)
Payments of various taxes		(220,111	)		(289,834	)
Cash paid relating to other operating activities		(21,630	)		(31,381	)
Sub-total of cash outflows		(1,431,196	)		(1,824,471	)
Net cash flows from operating activities		163,303			239,396
Cash flows from investing activities
Cash received from disposal of investments		276			1,950
Cash received from returns on investments		3,701			5,095
Net cash received from disposal of fixed assets, oil and gas properties, intangible assets and<br>other long-term assets		251			499
Sub-total of cash inflows		4,228			7,544
Cash paid to acquire fixed assets, oil and gas properties, intangible assets and other long-term<br>assets		(167,035	)		(187,119	)
Cash paid to acquire investments		(14,639	)		(27,816	)
Sub-total of cash outflows		(181,674	)		(214,935	)
Net cash flows used for investing activities		(177,446	)		(207,391	)
Chairman	Director and<br>President	Chief Financial<br>Officer
---	---	---
Dai Houliang	Duan Liangwei	Chai Shouping

23

5. Consolidated Cash Flow Statement (Continued)

	Nine months ended September 30
	2020			2019
Items	RMB million			RMB million
Cash flows from financing activities
Cash received from capital contributions		143			500
Including: Cash received from non-controlling<br>interests’ capital contributions to subsidiaries		143			500
Cash received from borrowings		831,465			656,378
Sub-total of cash inflows		831,608			656,878
Cash repayments of borrowings		(774,579	)		(611,154	)
Cash payments for interest expenses and distribution of dividends or profits		(41,253	)		(42,264	)
Including: Subsidiaries’ cash payments for distribution of dividends or profits to non-controlling interests		(14,172	)		(11,533	)
Capital reduction of subsidiaries		—			(48	)
Cash payments relating to other financing activities		(10,973	)		(12,563	)
Sub-total of cash outflows		(826,805	)		(666,029	)
Net cash flows generate from / (used for) financing activities		4,803			(9,151	)
Effect of foreign exchange rate changes on cash and cash equivalents		(1,546	)		2,761
Net (decrease) / increase in cash and cash equivalents		(10,886	)		25,615
Add: Cash and cash equivalents at beginning of the period		86,409			85,954
Cash and cash equivalents at end of the period		75,523			111,569
Chairman	Director and<br>President	Chief Financial<br>Officer
---	---	---
Dai Houliang	Duan Liangwei	Chai Shouping

24

6. Company Cash Flow Statement

	Nine months ended September 30
	2020			2019
Items	RMB million			RMB million
Cash flows from operating activities
Cash received from sales of goods and rendering of services		880,264			1,157,653
Cash received from other operating activities		5,049			33,756
Sub-total of cash inflows		885,313			1,191,409
Cash paid for goods and services		(540,116	)		(746,967	)
Cash paid to and on behalf of employees		(66,645	)		(69,139	)
Payments of various taxes		(162,965	)		(201,505	)
Cash paid relating to other operating activities		(26,627	)		(20,038	)
Sub-total of cash outflows		(796,353	)		(1,037,649	)
Net cash flows from operating activities		88,960			153,760
Cash flows from investing activities
Cash received from disposal of investments		13,510			7,902
Cash received from returns on investments		18,011			20,480
Net cash received from disposal of fixed assets, oil and gas properties, intangible assets and<br>other long-term assets		241			490
Sub-total of cash inflows		31,762			28,872
Cash paid to acquire fixed assets, oil and gas properties, intangible assets and other long-term<br>assets		(105,675	)		(135,117	)
Cash paid to acquire investments		(18,917	)		(14,659	)
Sub-total of cash outflows		(124,592	)		(149,776	)
Net cash flows used for investing activities		(92,830	)		(120,904	)
Chairman	Director and<br>President	Chief Financial<br>Officer
---	---	---
Dai Houliang	Duan Liangwei	Chai Shouping

25

6. Company Cash Flow Statement (Continued)

	Nine months ended September 30
	2020			2019
Items	RMB million			RMB million
Cash flows from financing activities
Cash received from borrowings		269,474			288,587
Sub-total of cash inflows		269,474			288,587
Cash repayments of borrowings		(236,068	)		(271,606	)
Cash payments for interest expenses and distribution of dividends or profits		(23,550	)		(26,023	)
Cash payments relating to other financing activities		(5,535	)		(6,620	)
Sub-total of cash outflows		(265,153	)		(304,249	)
Net cash flows generate from / (used for) financing activities		4,321			(15,662	)
Net increase in cash and cash equivalents		451			17,194
Add: Cash and cash equivalents at beginning of the period		4,636			13,109
Cash and cash equivalents at end of the period		5,087			30,303
Chairman	Director and<br>President	Chief Financial<br>Officer
---	---	---
Dai Houliang	Duan Liangwei	Chai Shouping

26

B. Financial statements for the third quarter of 2020 prepared in accordance with IFRS

1-1     Consolidated Statement of Comprehensive Income

	Three months ended September 30
	2020			2019
	RMB million			RMB million
REVENUE		497,125			618,143
OPERATING EXPENSES
Purchases, services and other		(321,763	)		(424,124	)
Employee compensation costs		(34,931	)		(34,987	)
Exploration expenses, including exploratory dry holes		(4,424	)		(4,425	)
Depreciation, depletion and amortisation		(51,001	)		(56,374	)
Selling, general and administrative expenses		(15,929	)		(17,071	)
Taxes other than income taxes		(48,713	)		(57,923	)
Other income net		45,960			1,481
TOTAL OPERATING EXPENSES		(430,801	)		(593,423	)
PROFIT FROM OPERATIONS		66,324			24,720
FINANCE COSTS
Exchange gain		3,962			3,285
Exchange loss		(4,456	)		(2,513	)
Interest income		755			928
Interest expense		(5,967	)		(7,450	)
TOTAL NET FINANCE COSTS		(5,706	)		(5,750	)
SHARE OF PROFIT OF ASSOCIATES AND JOINT VENTURES		858			1,950
PROFIT BEFORE INCOME TAX EXPENSE		61,476			20,920
INCOME TAX EXPENSE		(17,474	)		(6,583	)
PROFIT FOR THE PERIOD		44,002			14,337
OTHER COMPREHENSIVE INCOME
Item that will not be reclassified to profit or loss
Fair value changes in equity investment measured at fair value through other comprehensive<br>income		146			(125	)
Items that are or may be reclassified subsequently to profit or loss
Currency translation differences		(6,624	)		5,223
Share of the other comprehensive income of associates and joint ventures accounted for using the<br>equity method		(233	)		100
OTHER COMPREHENSIVE INCOME , NET OF TAX		(6,711	)		5,198
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD		37,291			19,535
PROFIT FOR THE PERIOD ATTRIBUTABLE TO:
Owners of the Company		40,050			8,830
Non-controlling interests		3,952			5,507
		44,002			14,337
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD ATTRIBUTABLE TO:
Owners of the Company		37,562			12,181
Non-controlling interests		(271	)		7,354
		37,291			19,535
BASIC AND DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO OWNERS OF THE COMPANY (RMB)		0.219			0.048

27

1-2     Consolidated<br>Statement of Comprehensive Income
	Nine months ended September 30
	2020			2019
	RMB million			RMB million
REVENUE		1,426,170			1,814,402
OPERATING EXPENSES
Purchases, services and other		(948,951	)		(1,220,227	)
Employee compensation costs		(95,677	)		(100,015	)
Exploration expenses, including exploratory dry holes		(14,993	)		(16,692	)
Depreciation, depletion and amortisation		(165,389	)		(164,981	)
Selling, general and administrative expenses		(45,812	)		(49,766	)
Taxes other than income taxes		(147,644	)		(171,011	)
Other income net		52,577			3,673
TOTAL OPERATING EXPENSES		(1,365,889	)		(1,719,019	)
PROFIT FROM OPERATIONS		60,281			95,383
FINANCE COSTS
Exchange gain		10,371			8,192
Exchange loss		(10,422	)		(7,710	)
Interest income		2,151			2,821
Interest expense		(20,853	)		(22,647	)
TOTAL NET FINANCE COSTS		(18,753	)		(19,344	)
SHARE OF PROFIT OF ASSOCIATES AND JOINT VENTURES		1,428			6,657
PROFIT BEFORE INCOME TAX EXPENSE		42,956			82,696
INCOME TAX EXPENSE		(22,278	)		(29,221	)
PROFIT FOR THE PERIOD		20,678			53,475
OTHER COMPREHENSIVE INCOME
Item that will not be reclassified to profit or loss
Fair value changes in equity investment measured at fair value through other comprehensive<br>income		82			70
Items that are or may be reclassified subsequently to profit or loss
Currency translation differences		(7,068	)		7,698
Share of the other comprehensive income of associates and joint ventures accounted for using the<br>equity method		(158	)		437
OTHER COMPREHENSIVE INCOME, NET OF TAX		(7,144	)		8,205
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD		13,534			61,680
PROFIT FOR THE PERIOD ATTRIBUTABLE TO:
Owners of the Company		10,067			37,253
Non-controlling interests		10,611			16,222
		20,678			53,475
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD ATTRIBUTABLE TO:
Owners of the Company		6,265			41,356
Non-controlling interests		7,269			20,324
		13,534			61,680
BASIC AND DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO OWNERS OF THE COMPANY (RMB)		0.055			0.204

28

2.     Consolidated Statement of Financial Position

	September 30, 2020		December 31, 2019
	RMB million		RMB million
NON-CURRENT ASSETS
Property, plant and equipment		1,466,723		1,783,224
Investments in associates and joint ventures		251,022		102,073
Equity investment measured at fair value through other comprehensive income		901		922
Right-of-use<br>assets		206,624		254,736
Intangible and other non-current assets		72,601		100,663
Deferred tax assets		10,359		24,259
Time deposits with maturities over one year		6,533		120
TOTAL NON-CURRENT ASSETS		2,014,763		2,265,997
CURRENT ASSETS
Inventories		159,144		181,921
Accounts receivable		159,664		64,184
Prepayment and other current assets		119,572		103,127
Notes receivable		7,190		7,016
Time deposits with maturities over three months but within one year		30,788		24,256
Cash and cash equivalents		75,523		86,409
TOTAL CURRENT ASSETS		551,881		466,913
CURRENT LIABILITIES
Accounts payable and accrued liabilities		314,820		328,314
Contracts liabilities		93,316		82,490
Income taxes payable		5,790		7,564
Other taxes payable		37,764		59,818
Short-term borrowings		224,480		175,840
Lease liabilities		5,803		7,393
TOTAL CURRENT LIABILITIES		681,973		661,419
NET CURRENT LIABILITIES		130,092		194,506
TOTAL ASSETS LESS CURRENT LIABILITIES		1,884,671		2,071,491
EQUITY
EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY:
Share capital		183,021		183,021
Retained earnings		725,325		743,124
Reserves		301,941		304,011
TOTAL EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY		1,210,287		1,230,156
NON-CONTROLLING INTERESTS		150,698		214,149
TOTAL EQUITY		1,360,985		1,444,305
NON-CURRENT LIABILITIES
Long-term borrowings		237,818		290,882
Asset retirement obligations		134,923		137,935
Lease liabilities		123,947		164,143
Deferred tax liabilities		16,299		21,411
Other long-term obligations		10,699		12,815
TOTAL NON-CURRENT LIABILITIES		523,686		627,186
TOTAL EQUITY AND NON-CURRENT LIABILITIES		1,884,671		2,071,491

29

3.     Consolidated Statement of Cash Flows

	Nine months ended September 30
	2020			2019
	RMB million			RMB million
CASH FLOWS FROM OPERATING ACTIVITIES
Profit for the period		20,678			53,475
Adjustments for:
Income tax expense		22,278			29,221
Depreciation, depletion and amortisation		165,389			164,981
Capitalised exploratory costs charged to expense		7,112			6,107
Safety fund reserve		2,063			2,846
Share of profit of associates and joint ventures		(1,428	)		(6,657	)
Accrual/(reversal) of provision for impairment of receivables, net		381			(732	)
Write down in inventories, net		8,112			777
Loss on disposal of property, plant and equipment		2,765			3,137
Gain on disposal of other non-current assets		(44,627	)		(422	)
Dividend income		(18	)		(46	)
Interest income		(2,151	)		(2,821	)
Interest expense		20,853			22,647
Changes in working capital:
Accounts receivable, prepayments and other current assets		(26,998	)		(37,455	)
Inventories		13,240			8,782
Accounts payable and accrued liabilities		(19,555	)		9,521
Contracts liabilities		10,826			15,966
CASH FLOWS GENERATED FROM OPERATIONS		178,920			269,327
Income taxes paid		(15,617	)		(29,931	)
NET CASH FLOWS FROM OPERATING ACTIVITIES		163,303			239,396

30

3.     Consolidated Statement of Cash Flows (Continued)

	Nine months ended September 30
	2020			2019
	RMB million			RMB million
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures		(160,816	)		(174,364	)
Acquisition of investments in associates and joint ventures		(1,411	)		(1,201	)
Prepayments on long-term operating leases		(2,233	)		(3,330	)
Acquisition of intangible assets and other non-current<br>assets		(3,986	)		(9,425	)
Proceeds from disposal of property, plant and equipment		235			472
Acquisition of subsidiaries		(76	)		(57	)
Proceeds from disposal of other non-current<br>assets		85			190
Interest received		2,036			2,277
Dividends received		1,665			2,818
Increase in time deposits with maturities over three months		(12,945	)		(24,771	)
NET CASH FLOWS USED FOR INVESTING ACTIVITIES		(177,446	)		(207,391	)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayments of short-term borrowings		(597,474	)		(463,182	)
Repayments of long-term borrowings		(177,105	)		(147,972	)
Repayments of lease liabilities		(10,971	)		(11,565	)
Interest paid		(13,691	)		(13,130	)
Dividends paid to non-controlling interests		(14,172	)		(11,533	)
Dividends paid to owners of the Company		(13,390	)		(17,601	)
Purchase of non-controlling interests		(2	)		(998	)
Increase in short-term borrowings		624,275			491,381
Increase in long-term borrowings		207,190			164,997
Capital contribution from non-controlling<br>interests		143			500
Capital reduction of subsidiaries		—			(48	)
NET CASH FLOWS FROM/(USED FOR) FINANCING ACTIVITIES		4,803			(9,151	)
TRANSLATION OF FOREIGN CURRENCY		(1,546	)		2,761
Increase in cash and cash equivalents		(10,886	)		25,615
Cash and cash equivalents at beginning of the period		86,409			85,954
Cash and cash equivalents at end of the period		75,523			111,569

31

4.    Segment Information

	Nine months endedSeptember 30
	2020			2019
	RMB million			RMB million
Revenue
Exploration and Production
Intersegment sales		316,781			399,429
Revenue from external customers		70,757			90,047
		387,538			489,476
Refining and Chemicals
Intersegment sales		379,410			518,876
Revenue from external customers		199,194			216,111
		578,604			734,987
Marketing
Intersegment sales		206,737			245,636
Revenue from external customers		923,279			1,261,810
		1,130,016			1,507,446
Natural Gas and Pipeline
Intersegment sales		26,244			31,957
Revenue from external customers		232,154			245,254
		258,398			277,211
Head Office and Other
Intersegment sales		952			200
Revenue from external customers		786			1,180
		1,738			1,380
Total revenue from external customers		1,426,170			1,814,402
Profit/(loss) from operations
Exploration and Production		20,000			76,935
Refining and Chemicals		(1,668	)		9,004
Marketing		(4,936	)		(1,449	)
Natural Gas and Pipeline		57,707			21,950
Head Office and Other		(10,822	)		(11,057	)
		60,281			95,383

32

EX-99.2

Exhibit 99.2

<br><br><br><br><br> <br>新 闻 稿<br> <br>PressRelease	中国石油天然气股份有限公司<br> <br>PetroChina Company Limited
	中国北京东城区东直门北大街9号<br> <br>邮编：100007<br><br><br>电话：86-10-59986266<br><br><br>传真：86-10-62099559	9 Dongzhimen North Street, Dongcheng District, Beijing, 100007,<br>P.R.China<br> <br>TEL : 86-10-59986266<br><br><br>FAX : 86-10-62099559

Accelerated Transformation Towards Low Carbon Development, Effectively Enhancing Quality and Profitability

PetroChina Achieved Turnaround in Third Quarter, Posting Net Profit of RMB40 billion

(Beijing, 29 October 2020) – PetroChina Company Limited (“PetroChina” or “the Company”, HKSE: 00857; NYSE: PTR; SSE: 601857) announced today the COVID-19 pandemic led to a severe contraction of demand for oil, gas and chemical products, leading to a decline in both international crude oil and natural gas. Amid the complex and severe situation, the Company adhered to quality-based development, coordinated and implemented a series of work including COVID-19 prevention and control, production and operation, as well as green development.

For the third quarter of 2020, net profit attributable to owners of the Company was RMB40,050 million, representing a substantial increase of 353.6% compared with the same period of last year.

Results Review

The Company continued to enhance quality and profitability, and achieved significant results in controlling costs and expenses, improving the results of the Company and its business segments quarter by quarter. In the first three quarters of 2020, the average realised price for crude oil of the Company was US$40.06 per barrel, representing a decrease of 34.9% year on year; the average realised price for natural gas was US$4.61 per thousand cubic feet, representing a decrease of 16.0% year on year. In light of the sharp fall in oil and gas prices, the Company continued to implement initiatives to improve both quality and profitability, while enhancing its control over capital expenditure and other costs. There was a 7.8% year on year decrease in the capital expenditure in cash, a 10.7% year on year decrease in oil and gas lifting cost and a 7.9% year on year decrease in the selling and administrative expenses. Under the International Financial Reporting Standards, the Company recorded a revenue of RMB1,426,170 million and a net profit attributable to owners of the Company of RMB10,067 million.

1

The Exploration and Production segment continued to optimize the domestic deployment of exploration activities, by focusing on sizeable and profitable exploration in large basins and key areas. The Company made important discoveries and strategic breakthroughs in Tarim, Sichuan, Junggar, Erdos and other basins. For its overseas operations, the Company stepped up its risk prevention and control measures, including those arising from COVID-19, and ensured safe and stable operations of existing projects and the development of new projects. In the first three quarters of 2020, the Company’s total crude oil output amounted to 701.2 million barrels, representing an increase of 2.7% year on year. The marketable natural gas output reached 3,079.8 billion cubic feet, representing an increase of 6.5% year on year, of which the domestic marketable natural gas output of the Company increased 8.2% year on year. The oil and gas equivalent output was 1,214.6 million barrels, representing an increase of 4.3% year on year. In the third quarter of 2020, the exploration and production segment generated an operating profit of RMB9,649 million, representing a quarter-on-quarter increase of RMB14,181 million in profit from the loss of the second quarter of 2020.

The Refining and Chemicals segment optimized production and sales to ensure safe and stable operations for low-activity production facilities. The Company increased the output of higher value-added products by proactively reducing the production of refined products while increasing the production of chemicals. In the first three quarters of 2020, the output of chemical products amounted to 21.511 million tons, representing an increase of 14.4% year on year; the chemicals operations achieved an operating profit of RMB6,602 million, representing an increase of 77.3% year on year. The Company processed a total amount of 877.3 million barrels of crude oil, and produced 80.192 million tons of gasoline, diesel and kerosene. In the third quarter of 2020, the refining and chemicals segment generated an operating profit of RMB8,872 million, representing a quarter-on-quarter increase of RMB10,703 million in profit from the loss of the second quarter of 2020.

2

The Marketing segment actively responded to the drop in market demand, by improving the alignment rate of price while strictly controlling marketing costs. The Company made flexible adjustments to exports based on individual market conditions as well as price variability, to strengthen its overall profitability. During the first three quarters of 2020, the Marketing segment sold a total of 120.645 million tons of gasoline, kerosene and diesel. In the third quarter of 2020, the marketing segment generated an operating profit of RMB7,956 million, representing a quarter-on-quarter increase of RMB4,262 million from the second quarter of 2020.

The Natural Gas and Pipeline segment adhered to a market-oriented and profitability-centric approach, relentlessly lowering its procurement cost for natural gas, while enhancing end-user market development to boost market share. The Company implemented various measures to control the loss of imported natural gas and liquefied natural gas (“LNG”), which significantly reduced by RMB4,216 million. Meanwhile, the Company steadily restructured its pipeline assets via market-oriented principles, and completed the pipeline restructuring transaction on 30 September 2020. In the third quarter of 2020, the natural gas and pipeline segment generated an operating profit of RMB43,335 million, representing a quarter-on-quarter increase of RMB40,322 million from the second quarter of 2020.

3

Outlook

The Company will focus more on its upstream oil and gas exploration and development business, expanding its new low carbon business model, and actively develop the end-user market of oil and gas. It will also accelerate the pace of transformation and upgrade, aiming to achieve “near-zero” emission by 2050 and creating a competitive advantage in green development. By abiding to the new development concept, and taking green development as its mission, the Company will put more focus on strategic-oriented approach, green and low-carbon development, digital transformation, intelligent development as well as value creation, in order to ensure sustainable growth and generate greater value for shareholders.

Additional information on PetroChina is available at the Company’s website: http://www.petrochina.com.cn

Issued by PetroChina Company Limited

For further information, please contact:

PetroChina Company Limited

PR Agency (Overseas media):
Hill+Knowlton Strategies	Fax: (852) 2576 1990
Joanne Lam	Tel: (852) 2894 6211
	Email: petrochina@hkstrategies.com
PR Agency (Domestic media):
EverBloom Investment Consulting Lt. Co.	Fax: (8610) 8562 3181
Di Shen	Tel: (8610) 5166 3828
	Email: zhongshiyou.list@everbloom.com.cn

4

EX-99.3

Exhibit 99.3

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this document, make norepresentation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this document.

中國石油天然氣股份有限公司

PETROCHINA COMPANY LIMITED

(a joint stock limited company incorporated in the People’s Republic of China with limited liability)

(Stock Code: 857)

APPOINTMENT OF SECRETARY TO THE BOARD (COMPANY SECRETARY) AND

AUTHORISED REPRESENTATIVE

We refer to the announcement dated 25 September 2020 of PetroChina Company Limited (the “Company”) on change of the company secretary and authorised representative of the Company. The board of directors of the Company (the “Board”) is pleased to announce that the Board has approved Mr. Chai Shouping as the secretary to the Board (company secretary) and an authorised representative of the Company with effect from 25 September 2020.

Chai Shouping (“Mr. Chai”), aged 59, is currently the secretary to the Board (company secretary) and the Chief Financial Officer of the Company, and concurrently works as the director of Secretariat of the Board. Mr. Chai is a senior accountant and holds a master’s degree. He has rich financial, operating, and managerial experience in the oil and gas industry of the PRC. From April 2002, he worked as the deputy general manager of the Finance Department of the Company. From September 2012, he served as the chief accountant of CNPC Exploration and Development Co., Ltd (Overseas Exploration and Development branch), the deputy general manager and chief financial officer of CNPC E&D Ltd., the chief financial officer of PetroChina International Investment Company Limited. From March 2013, he served as the general manager of the Finance Department of the Company. Mr. Chai was appointed as the Chief Financial Officer of the Company in January 2017. He concurrently worked as the director of Secretariat of the Board from August 2020. He worked as the secretary to the Board (company secretary) from September 2020.

By order of the Board<br><br><br>PetroChina Company Limited<br><br><br>Company Secretary<br> <br>ChaiShouping

Beijing, the PRC

29 October 2020

As at the date of this announcement,the Board comprises Mr. Dai Houliang as Chairman; Mr. Li Fanrong as Vice Chairman and non-executive Director; Mr. Liu Yuezhen, Mr. Jiao Fangzheng and Mr. Huang Yongzhang as non-executive Directors; Mr. Duan Liangwei as executive Director; and Ms. Elsie Leung Oi-sie, Mr. Tokuchi Tatsuhito, Mr. Simon Henry, Mr. Cai Jinyongand Mr. Jiang, Simon X. as independent non-executive Directors.

EX-99.4

Exhibit 99.4

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this document, make norepresentation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this document.

中國石油天然氣股份有限公司

PETROCHINA COMPANY LIMITED

(a joint stock limited company incorporated in the People’s Republic of China with limited liability)

(Stock Code: 857)

CHANGE OF MEMBERS OF THE BOARD COMMITTEE

The board of directors (the “Board”) of PetroChina Company Limited (the “Company”) is pleased to announce that, in consideration of the work role and expertise of the directors of the Company, Mr. Huang Yongzhang has been appointed as a member of the Health, Safety and Environment Committee under the Board.

By order of the Board<br><br><br>PetroChina Company Limited<br><br><br>Company Secretary<br> <br>ChaiShouping

Beijing, the PRC

29 October 2020

As at the date of this announcement,the Board comprises Mr. Dai Houliang as Chairman; Mr. Li Fanrong as Vice Chairman and non-executive Director; Mr. Liu Yuezhen, Mr. Jiao Fangzheng and Mr. Huang Yongzhang as non-executive Directors; Mr. Duan Liangwei as executive Director; and Ms. Elsie Leung Oi-sie, Mr. Tokuchi Tatsuhito, Mr. Simon Henry, Mr. Cai Jinyongand Mr. Jiang, Simon X. as independent non-executive Directors.

EX-99.5

Exhibit 99.5

中國石油天然氣股份有限公司

PETROCHINA COMPANY LIMITED

(a joint stock limited company incorporated in the People’s Republic of China with limited liability)

(Stock Code: 857)

Listof Directors and their Roles and Functions

The members of the board of directors (the “Board”) of PetroChina Company Limited are set out below:

Chairman: Dai Houliang

Vice Chairman and Non-Executive Director: Li Fanrong

Non-Executive Directors

Liu Yuezhen

Jiao Fangzheng

Huang Yongzhang

Executive Director

Duan Liangwei

IndependentNon-Executive Directors

Elsie Leung Oi-sie

Tokuchi Tatsuhito

Simon Henry

Cai Jinyong

Jiang, Simon X.

The Board has established five Board Committees. The table below provides membership information of these Board Committees on which certain Board members serve:

Board<br> <br>Committee<br><br><br>Director	NominationCommittee		Audit<br>Committee		InvestmentandDevelopmentCommittee		Examination<br>and<br>Remuneration<br>Committee		Health,Safety andEnvironmentCommittee
Dai Houliang		C
Li Fanrong						C
Liu Yuezhen				M				M
Jiao Fangzheng										M
Huang Yongzhang										M
Duan Liangwei						M				C
Elsie Leung Oi-sie								C
Tokuchi Tatsuhito								M
Simon Henry						M
Cai Jinyong		M		C
Jiang, Simon X.		M		M

Notes:

C	Chairman of the relevant Board Committees
M	Member of the relevant Board Committees
---	---

Beijing, the PRC

29 October 2020