6-K
PETROCHINA CO LTD (PCCYF)
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 July 2022
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<br>Number | |
|---|---|
| 99.1 | Advance notice for estimated profit of the interim results of 2022; |
| 99.2 | Connected transaction – disposal of a subsidiary; |
| 99.3 | Connected transaction – closing of the transaction; |
| 99.4 | Resignation of the CFO and secretary to the board of directors due to age; and |
| 99.5 | Appointment of vice presidents, CFO and secretary to the board of directors. |
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: July 15, 2022 | By: | /s/ WANG Hua |
| Name: | WANG Hua | |
| Title: | CFO and Secretary to Board of Directors |
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 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)
ADVANCE NOTICE FOR ESTIMATED PROFIT OF
THE INTERIM RESULTS OF 2022
This announcement is made by PetroChina Company Limited (the “Company” and, together with its subsidiaries, the “Group”) pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”) and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).
IMPORTANT NOTICE
(1) It is estimated that the net profit attributable to equity holders of the Company for the first half of 2022 will increase by an amount between RMB26.5 billion and RMB32.0 billion, representing an increase between 50% and 60%, as compared with the corresponding period of the previous year.
(2) The estimated growth in profit of the Company is primarily due to that the Company strengthened its efforts in exploration and development of oil and gas, vigorously promoted the increase in both reserve and production, and adhered to quality improvement, profitability enhancement and low-cost development. It is also attributable to an increase in international oil prices, and an increase in both volume of production and sales of crude oil and natural gas, as compared with the corresponding period of the previous year.
I. ESTIMATED RESULTS OF THIS PERIOD
- Period of the Estimated Results
From 1 January 2022 to 30 June 2022.
- Estimated Results
(1) Based on preliminary estimation by the financial department of the Company and in accordance with PRC Accounting Standards for Business Enterprises, it is estimated that the net profit attributable to equity holders of the Company for the first half of 2022 will increase by an amount between RMB26.5 billion and RMB32.0 billion, representing an increase between 50% and 60%, as compared with the corresponding period of the previous year.
(2) The net profit attributable to equity holders of the Company after deduction of non-recurring loss/profit will increase by an amount between RMB42.0 billion and RMB48.0 billion as compared with the corresponding period of the previous year.
- The estimated results of this period are preliminary estimation of the Company and have not been audited by certified accountants.
II. RESULTS OF THECORRESPONDING PERIOD OF THE PREVIOUS YEAR
Net profit attributable to equity holders of the Company: RMB53.036 billion; net profit attributable to equity holders of the Company after deduction of non-recurring loss/profit: RMB45.231 billion.
Earnings per share: RMB0.29.
III. MAIN REASONS FOR THE INCREASE OF ESTIMATED RESULTS OF THIS PERIOD
In the first half of 2022, the Company adhered to the fundamental path of steady progress, overcame the impact of adverse factors such as domestic localized rebound of the COVID-19 pandemic, strengthened the exploration and development of oil and gas, and strived to increase both of the reserve and production. The Company continuously improved the structure of products on market-oriented basis, and vigorously carried out marketing activities. Both volume of production and sales of crude oil and natural gas increased as compared with the corresponding period of the previous year. The Company strengthened the refined management, adhered to low-cost development, continuingly controlled the cost and expenses in an effective manner, continuously deepened the promotion in quality improvement and profitability enhancement, and kept enhancing the ability of value creation of the two principal industrial chains, namely, the oil and gas. The Company adhered to green and low-carbon transformation, and actively carried out the development of new energy and new materials business in a steady manner.
IV. RISK WARNINGS
There are no factors of material uncertainty in the Company that may affect the accuracy of this profit estimation.
V. OTHER MATTERS
The estimated results above are only preliminary estimation. Please refer to the 2022 interim report officially disclosed by the Company for specific and accurate financial information. Investors are reminded to exercise caution when making investment decisions.
| By order of the Board |
|---|
| PetroChina Company Limited |
| Company Secretary |
| Chai Shouping |
Beijing, the PRC
15 July 2022
As at the date of this announcement, theBoard comprises Mr. Dai Houliang as Chairman; Mr. Hou Qijun as Vice Chairman and non-executive Director; Mr. Duan Liangwei and Mr. Xie Jun asnon-executive Directors; Mr. Jiao Fangzheng, Mr. Huang Yongzhang and Mr. Ren Lixin as executive Directors; and Ms. Elsie Leung Oi-sie,Mr. Tokuchi Tatsuhito, Mr. Cai Jinyong and Mr. Jiang, Simon X. as independent non-executive Directors.
EX-99.2
Exhibit 99.2
Hong Kong Exchange 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 of the contents of this announcement.
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)
CONNECTED TRANSACTION
DISPOSAL OF A SUBSIDIARY
INTRODUCTION
The Board is pleased to announce that the Company has entered into the Equity Transfer Agreement with Liaohe Bureau Company on 20 June 2022. Pursuant to the Equity Transfer Agreement, the Company has agreed to transfer the 100% equity interests of Liaohe Gas Storage Company held by the Company to Liaohe Bureau Company, and Liaohe Bureau Company has agreed to pay consideration of approximately RMB1,287.7565 million in cash to the Company. Upon the completion of the Disposal, Liaohe Gas Storage Company will cease to be a subsidiary of the Company.
LISTING RULES IMPLICATIONS
As at the date of the announcement, CNPC is the controlling Shareholder and a connected person of the Company under Chapter 14A of the Listing Rules. Liaohe Bureau Company is a wholly-owned subsidiary of CNPC and thus constitutes a connected person of the Company by virtue of being an associate of CNPC. Accordingly, the transaction contemplated under the Equity Transfer Agreement constitutes a connected transaction of the Company under Chapter 14A of the Listing Rules. Since the highest applicable percentage ratio (as defined under Rule 14.07 of the Listing Rules) for the transaction contemplated under the Equity Transfer Agreement exceeds 0.1% but is less than 5%, the transaction contemplated under the Equity Transfer Agreement is subject to the reporting and announcement requirements under the Chapter 14A of the Listing Rules, but exempted from the circular and independent Shareholders’ approval requirements.
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| I. | INTRODUCTION |
|---|
The Board is pleased to announce that the Company has entered into the Equity Transfer Agreement with Liaohe Bureau Company on 20 June 2022. Pursuant to the Equity Transfer Agreement, the Company has agreed to transfer the 100% equity interests of Liaohe Gas Storage Company held by the Company to Liaohe Bureau Company, and Liaohe Bureau Company has agreed to pay consideration of approximately RMB1,287.7565 million in cash to the Company. Upon the completion of the Disposal, Liaohe Gas Storage Company will cease to be a subsidiary of the Company.
| II. | DISPOSAL | |
|---|---|---|
| 1. | PRINCIPAL TERMS AND CONDITIONS OF THE DISPOSAL AND THE EQUITY TRANSFER AGREEMENT | |
| --- | --- | |
| Effective Date | : | 20 June 2022 |
| --- | --- | --- |
| Parties | : | the Company (as the transferer)<br> <br>Liaohe Bureau<br>Company (as the transferee) |
| Target Company | : | Liaohe Gas Storage Company was incorporated as a limited liability company on 30 November 2021 under the laws of the PRC, with<br>registered capital of RMB30.0 million. Liaohe Gas Storage Company is a wholly-owned subsidiary of the Company, principally engaged in the operation and management of the Gas Storage Supporting Assets (as defined below).<br><br><br><br> <br>According to the management accounts of Liaohe Gas Storage Company prepared in<br>accordance with the China Accounting Standards:<br> <br><br> <br>(i) as of 31 December 2021, its<br>net assets amounted to approximately RMB30.0003 million; and<br> <br><br> <br>(ii) for the year<br>ended 31 December 2021, both of its net profits before and after tax amounted to RMB250.<br> <br><br><br><br>The Company, as the shareholder of Liaohe Gas Storage Company, made assets contribution with the gas storage supporting assets (the “Gas StorageSupporting Assets”), including but not limited to gas-storage related fixed assets, such as houses, gas wells, pipelines, natural gas injection and production equipment and other gas-storage supporting equipment, to Liaohe Gas Storage Company in April 2022.<br> <br><br><br><br>Assuming that, as of the periods set out below, Liaohe Gas Storage Company had already held the Gas Storage Supporting Assets and/or had been established, the<br>financial information of Liaohe Gas Storage Company as at the dates indicated / for the periods indicated below under the China Accounting Standards is set out as follows:<br> <br><br><br><br>(i) as of 31 December 2020, its net assets amounted to approximately RMB1,244.3275 million; for the year ended 31 December 2020, both of the<br>profits before and after tax amounted to approximately RMB11.6290 million; and<br> <br><br><br><br>(ii) as of 31 December 2021, its net assets amounted to approximately RMB1,254.4043 million; and for the year ended 31 December 2021, both of<br>the profits before and after tax amounted to approximately RMB10.0768 million. |
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| Disposal | : | The Company will transfer, and Liaohe Bureau Company will acquire the 100% equity interests of the Liaohe Gas Storage Company. |
|---|---|---|
| Consideration and Determination Basis | : | The Equity Transfer Agreement was negotiated and entered into on an arm’s length and on normal commercial terms. Pursuant to the Equity<br>Transfer Agreement, Liaohe Bureau Company will pay consideration to the Company of approximately RMB1,287.7565 million in cash.<br> <br><br><br><br>The above consideration was determined based on the appraisal report prepared by an independent valuer, China United Assets Appraisal Group Co., Ltd. The<br>Appraisal Benchmark Date was 30 June 2021, and it was assumed that on the Appraisal Benchmark Date, Liaohe Gas Storage Company had been established and had held the Gas Storage Supporting Assets. The appraisal was based on the asset-based<br>approach. As at the Appraisal Benchmark Date, the book value of the net assets of Liaohe Gas Storage Company amounted to RMB1,247.6443 million and the appraisal value amounted to RMB1,287.7565 million, with RMB40.1122 million in value<br>appreciation and a value appreciation rate of 3.22%. |
| Payment Schedule | : | Liaohe Bureau Company shall pay 30% of the above consideration within five business days from the Effective Date, and pay the remaining consideration within one year from the Effective Date. |
| Closing | : | Liaohe Bureau Company and the Company shall co-operate together with Liaohe Gas Storage Company to complete the registration of the change of the Disposal, which is expected to be within 30<br>business days from the Effective Date of the Equity Transfer Agreement. |
| 2. | THE REASONS FOR THE DISPOSAL AND THE BENEFIT TO THE COMPANY | |
| --- | --- |
The Board considers that the Disposal is in line with the development strategies of the Company as a whole due to the following reasons.
The Company could benefit from the unified management and operation of gas storage assets in Liaohe gas storage complex. The substantial part of Liaohe gas storage complex is held, operated and invested by Liaohe Bureau Company. As an integral part of the Liaohe gas storage complex, the Gas Storage Supporting Assets held by Liaohe Gas Storage Company are not able to operate independently and the independent operation will reduce the scale effect of the unified management and operation. The efficiency of the operation and management of Liaohe gas storage complex is expected to enhance upon the completion of the Disposal.
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The Company could focus on its core business segments. The gas storage business is not the core business of the Company. With regard to such business, the investment scale is large, there is no mature commercial operation mode at present, and the rate of return is low. It will incur a large amount of subsequent investment of Gas Storage Supporting Assets. The Disposal could help increase the cash of the Company and alleviate the future capital expenditure of the Company.
Based on reasons above, the Board (including the independent non-executive Directors) considers that the terms and conditions of the Disposal and the Equity Transfer Agreement are on normal commercial terms, and are fair and reasonable and in the interests of the Company and the shareholders of the Company as a whole.
| 3. | FINANCIAL IMPACTS FROM THE DISPOSAL |
|---|
The Company expects to record a gain before tax of approximately RMB1,287.7565 million in relation to the Disposal. Upon the completion of the Disposal, Liaohe Gas Storage Company will cease to be a subsidiary of the Company. The financial results of Liaohe Gas Storage Company will not be consolidated into the Group’s financial statements after the completion of the Disposal.
| 4. | USE OF PROCEEDS |
|---|
It is expected that the net proceeds from the Disposal (after deducting all relevant fees and expenses) will be used for general working capital of the Group.
| 5. | IMPLICATIONS UNDER THE LISTING RULES |
|---|
As at the date of the announcement, CNPC is the controlling Shareholder and a connected person of the Company under Chapter 14A of the Listing Rules. Liaohe Bureau Company is a wholly-owned subsidiary of CNPC and thus constitutes a connected person of the Company by virtue of being an associate of CNPC. Accordingly, the transaction contemplated under the Equity Transfer Agreement constitutes a connected transaction of the Company under Chapter 14A of the Listing Rules. Since the highest applicable percentage ratio (as defined under Rule 14.07 of the Listing Rules) for the transaction contemplated under the Equity Transfer Agreement exceeds 0.1% but is less than 5%, the transaction contemplated under the Equity Transfer Agreement is subject to the reporting and announcement requirements under the Chapter 14A of the Listing Rules, but exempted from the circular and independent Shareholders’ approval requirements.
Due to their positions in CNPC and/or its associates, each of Mr. Dai Houliang, Mr. Hou Qijun, Mr. Duan Liangwei, Mr. Jiao Fangzheng, Mr. Huang Yongzhang. Mr. Ren Lixin and Mr. Xie Jun has abstained from voting on the Board resolution approving the Disposal. Save as disclosed above, none of the Directors has any material interests in the Disposal.
| 6. | INFORMATION OF THE PARTIES **** |
|---|---|
| (i) | The Company |
| --- | --- |
The Company was incorporated as a joint stock company limited by shares in the PRC on 5 November 1999 under the laws of the PRC. The Company principally engages in the exploration, development, production and sales of crude oil and natural gas; the refining of crude oil and petroleum products; the production and sales of basic and derivative chemical products and other chemical products; the marketing and trading of refined products; and the transmission of natural gas, crude oil and refined products, and the sales of natural gas.
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| (ii) | Liaohe Bureau Company |
|---|
Liaohe Bureau Company is a wholly-owned subsidiary of CNPC, the controlling shareholder of the Company, and is a connected person of the Company. It was incorporated as a limited liability company on 11 December 1984 in the PRC under the laws of the PRC. Liaohe Bureau Company principally engages in the engineering construction business, engineering technical service, goods supply, gas injection and production, etc.
| (iii) | Liaohe Gas Storage Company |
|---|
Please see the section headed “Disposal—principal terms and conditions of the Disposal and the Equity Transfer Agreement – target company” in this announcement for the information of Liaohe Gas Storage Company.
| III. | DEFINITION |
|---|
In this announcement, unless otherwise defined, the following terms shall have the following meanings:
| “ADSs” | the American Depository Share(s) issued by the Bank of New York as the depository bank and listed on the New York Stock Exchange, with each ADS representing 100 H Shares |
|---|---|
| “Appraisal Benchmark Date” | 30 June 2021, being the appraisal benchmark date in the appraisal report prepared by China United Assets Appraisal Group Co., Ltd. in relation to the appraisal of Liaohe Gas Storage Company |
| “associate(s)” | has the meanings ascribed to it under the Listing Rules |
| “Board” | the board of Directors |
| “CNPC” | China National Petroleum Corporation (中國石油天然氣集團有限公司), a state-owned enterprise incorporated under the laws of the PRC, and the controlling<br>shareholder of the Company, and for the purpose of this announcement, unless otherwise specified, shall include other subsidiaries and units of CNPC (including subsidiaries, branches and relevant units) other than the Group |
| “Company” | PetroChina Company Limited, a joint stock company limited by shares incorporated on 5 November 1999 under the laws of the PRC, the H shares of which are listed on the Hong Kong Stock Exchange with ADS(s) listed on the New York<br>Stock Exchange and the A shares are listed on the Shanghai Stock Exchange |
| “connected person” | has the meanings ascribed to it under the Listing Rules |
| “controlling shareholder” | has the meanings ascribed to it under the Listing Rules |
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| “Director(s)” | directors of the Company |
|---|---|
| “Disposal” | the disposal under the Equity Transfer Agreement |
| “Effective Date” | 20 June 2022, being the date when the Equity Transfer Agreement was executed and became effective |
| “Group” | the Company and its subsidiaries |
| “Hong Kong” | the Hong Kong Special Administrative Region of the PRC |
| “Hong Kong Stock Exchange” | The Stock Exchange of Hong Kong Limited |
| “H Shares” | the overseas-listed foreign share(s) in the Company’s share capital, with a nominal value of RMB1.00 each, which are listed on the Hong Kong Stock Exchange and subscribed for in Hong Kong dollars, and which include the H<br>share(s) and the underlying ADS(s) |
| “Liaohe Bureau Company” | Liaohe Petroleum Exploration Bureau Co., Ltd., a limited liability company incorporated on 11 December 1984 under the laws of the PRC and a wholly-owned subsidiary of CNPC |
| “Liaohe Gas Storage Company” | Liaohe Oilfield (Panjin) Gas Storage Co., Ltd., a limited liability company incorporated on 30 November 2021 under the laws of the PRC and a wholly-owned subsidiary of the Company |
| “Listing Rules” | the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited |
| “PRC” or “China” | the People’s Republic of China (for the purpose of this announcement, excludes Hong Kong, the Macao Special Administrative Region and Taiwan) |
| “RMB” | Renminbi, the lawful currency of the PRC |
| “Shareholder(s)” | holder(s) of shares of the Company |
| “Equity Transfer Agreement” | the equity transfer agreement in relation to the Disposal entered into between the Company and Liaohe Bureau Company on 20 June 2022 |
| “subsidiary(ies)” | has the meanings ascribed to it under the Listing Rules |
| “%” | percent |
| By order of the Board | |
| --- | |
| PetroChina Company Limited | |
| Secretary to the Company | |
| Chai Shouping |
6
Beijing, the PRC
20 June 2022
As at the date of this announcement, theBoard comprises Mr. Dai Houliang as Chairman; Mr. Hou Qijun as Vice Chairman and non-executive Director; Mr. Duan Liangwei and Mr. Xie Jun asnon-executive Directors; Mr. Jiao Fangzheng, Mr. Huang Yongzhang and Mr. Ren Lixin as executive Directors; and Ms. Elsie Leung Oi-sie,Mr. Tokuchi Tatsuhito, Mr. Cai Jinyong and Mr. Jiang, Simon X. as independent non-executive Directors.
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EX-99.3
Exhibit 99.3
Hong Kong Exchange 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 of the contents of this announcement.
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)
CLOSING OF THE DISPOSAL OF A SUBSIDIARY
We refer to the announcement of PetroChina Company Limited (the “Company”) dated 20 June 2022 (the “Announcement”) in relation to the Company’s disposal of the 100% equity interests of Liaohe Gas Storage Company held by the Company. Unless otherwise defined, capitalized terms used in this announcement shall have the same meanings as those defined in the Announcement.
The Board is pleased to announce that the change of industrial and commercial registration in relation to the Disposal has been completed. After the completion of the change of industrial and commercial registration, Liaohe Gas Storage Company ceased to be a subsidiary of the Company, the financial results of which will not be consolidated into the Group’s financial statement. In accordance with PRC Accounting Standards for Business Enterprise, the unaudited gain before tax from the Disposal (i.e. the difference between the consideration of the Disposal and the book value of the net assets of Liaohe Gas Storage Company) was RMB40.1122 million.
| By order of the Board |
|---|
| PetroChina Company Limited |
| Company Secretary |
| Chai Shouping |
Beijing, China
8 July 2022
As at the date of this announcement, theBoard comprises Mr. Dai Houliang as Chairman; Mr. Hou Qijun as Vice Chairman and non-executive Director; Mr. Duan Liangwei and Mr. Xie Jun asnon-executive Directors; Mr. Jiao Fangzheng, Mr. Huang Yongzhang and Mr. Ren Lixin as executive Directors; and Ms. Elsie Leung Oi-sie,Mr. Tokuchi Tatsuhito, Mr. Cai Jinyong and Mr. Jiang, Simon X. as independent non-executive Directors.
EX-99.4
Exhibit 99.4
| Shanghai Stock Exchange Code: 601857 | Stock Symbol: PetroChina | Announcement No.: Interim 2022-021 |
|---|
PetroChina Company Limited
Announcement on Resignation of Chief Financial Officer and Board Secretary
Special Reminder
Both the board of directors (the “Board”) and all the members of the Board warrant that thisannouncement does not contain any false information, misleading statement or material omission, and that they will assume joint and several liability for the truth, accuracy and completeness of the contents of this announcement.
The Board of PetroChina Company Limited (the “Company”) hereby announces that because of his age, Mr. Chai Shouping submitted a resignation to the Company on June 17, 2022 that he would resign as chief financial officer and secretary to the Board of the Company, with immediate effect.
Mr. Chai has confirmed that he does not have any disagreement with the Board or the Company, and that there is nothing else he would like the shareholders of the Company to pay special attention to.
Since his appointment, Mr. Chai has always performed his duties to the Company diligently and devotedly, having made a great contribution to the Company in such aspects as the Company’s business development, value enhancement, and returns to shareholders. The Board hereby would like to extend sincere thanks to Mr. Chai for all.
You are hereby informed of the foregoing.
| Board of Directors of PetroChina Company Limited |
|---|
| June 20, 2022 |
EX-99.5
Exhibit 99.5
| Shanghai Stock Exchange Code: 601857 | Stock Symbol: PetroChina | Announcement No.: Interim 2022-023 |
|---|
PetroChina Company Limited
Announcement on Appointment of Vice Presidents, Chief Financial Officer and Board Secretary
Special Reminder
Both the board of directors (the “Board”) and all the members of the Board warrant that thisannouncement does not contain any false information, misleading statement or material omission, and that they will assume joint and several liability for the truth, accuracy and completeness of the contents of this announcement.
The Board of eighth term of PetroChina Company Limited (the “Company”) held the 16^th^ meeting in written form. As a result of the said meeting, on June 17, 2022, the Board formed valid resolutions, and considered and adopted the Proposed Resolutions for Appointment of Senior Officers of the Company (the “Proposed Resolutions”), whereby, the Board agreed to appoint Mr. Zhang Daowei and Mr. Wan Jun as vice presidents of the Company, and to appoint Mr. Wang Hua as the chief financial officer and the secretary to the Board of the Company. Each of such appointees will have a term of office consistent with that of the Board of eighth term. The independent non-executive directors of the Company all have granted their consent to the Proposed Resolutions.
Mr. Wang Hua has already passed the board secretary qualification review by the Shanghai Stock Exchange. All the foregoing appointments have taken effect as from June 17, 2022.
The biographies of Mr. Zhang Daowei, Mr. Wan Jun and Mr. Wang Hua are attached hereto for reference.
Other than as disclosed in their respective biographies, as of the date of this announcement, none of Mr. Zhang Daowei, Mr. Wan Jun and Mr. Wang Hua holds any shares in the Company, or is affiliated with any of other directors, supervisors, senior officers, actual controlling persons, or shareholders who holds 5% or more shares of the Company, or falls into the category of persons as specified in Section 3.2.2 of the Shanghai Stock Exchange Guidelines 1 for Self-Regulation of Companies Listed on the Shanghai Stock Exchange-Compliant Operation who are barred from acting as senior officers of a listed company.
You are hereby informed of the foregoing.
| Board of Directors of PetroChina Company Limited |
|---|
| June 20, 2022 |
Exhibit Biographies of New Appointees
Zhao Daowei, age 49, is the Managing Director of PetroChina Exploration and Production Company. Mr. Zhang is a professor-level senior engineer with a doctorate degree. He has extensive work experience in China’s oil and gas industry. Mr. Zhang served as the Vice President of PetroChina Changqing Oilfield Company from December 2015, and then as the Executive Vice President of that company from October 2018. Mr. Zhang served as the President of PetroChina Southwest Oil & Gasfield Company from August 2020, and then as the Managing Director of that company from June 2021. Mr. Zhang served as the President of PetroChina Exploration and Production Company from January 2022. He was then appointed as the Managing Director of PetroChina Exploration and Production Company in March 2022.
Wan Jun, age 56, is the Director General of Development and Planning Department of our company, and concurrently the Director General of Development and Planning Department of CNPC. Mr. Wan is a professor-level senior engineer with a doctorate degree. He has extensive work experience in China’s oil and gas industry. Mr. Wan served as the Director of No. 1 Oil Production Plant of Daqing Oilfield Co., Ltd. from February 2006, as the Vice President of Daqing Oilfield Company Ltd. from March 2010, concurrently as the Chief HSE Supervisor of that company from March 2013, and as the Executive Vice President of that company from March 2016. Mr. Wan was appointed as the President of PetroChina Liaohe Oilfield Company in January 2019, and the President of PetroChina Exploration and Production Company in October 2020. Mr. Wan was appointed as the Director General of Development and Planning Department of our company and concurrently as the Director General of Development and Planning Department of CNPC in January 2022.
Wang Hua, age 48, is the Director General of Finance Department of our company. Mr. Wang is a senior accountant and holds a master’s degree. He has extensive work experience in financial operations and management in China’s oil and gas industry. Mr. Wang served as the Chief Financial Officer of CNPC Capital Co., Ltd. from October 2016, and as the Deputy Director General of Finance Department of our company and concurrently as the Deputy Director of Finance Department of CNPC from August 2020. Mr. Wang was appointed as the Director General of Finance Department of our company in April 2021.