PETRO-KING (02178): Baiqin Shenzhen provides guarantee for Baiqin Energy's 63 million RMB bank loan.

21:44 13/02/2026

PetroChina Oilfield Service Corporation (02178) announced that its affiliate, PetroChina Energy, entered into a new bank revolving loan financing agreement with Huizhou Rural Commercial Bank on February 13, 2026, with a total amount of RMB 63 million. This new loan financing is for the purpose of refinancing certain existing bank loans of PetroChina Energy.

PETRO-KING (02178) announced that Baiqin Energy (a joint venture company of the company) entered into a new bank revolving loan financing agreement with Huizhou Agricultural Commercial Bank on February 13, 2026, with a total amount of RMB 63 million. This new loan financing is for Baiqin Energy to refinance certain existing bank loans. On February 13, 2026 (after trading hours), Baiqin Shenzhen (an indirect wholly-owned subsidiary of the company) entered into a new guarantee agreement with Huizhou Agricultural Commercial Bank to provide new guarantees for the new loan financing. Under this agreement, the guarantee amount of Baiqin Shenzhen will be limited to its equity stake in Baiqin Energy.

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