CNOOC (00883) actual controlling shareholder's plan to increase holdings of the company's shares is postponed.
China National Offshore Oil Corporation (CNOOC) (00883) announced that from April 9, 2025 to March 26, 2026, China National Offshore Oil Corporation Group accumulated holdings of 705,500 A-shares of the company, accounting for approximately 0.0015% of the total number of issued shares of the company, with a total of RMB 30.063 million (excluding taxes and fees). The Group also accumulated holdings of 24.298 million Hong Kong-listed shares of the company, accounting for approximately 0.0511% of the total number of issued shares of the company, with a total of RMB 3.73 billion (excluding taxes and fees).
CNOOC (00883) announced that from April 9, 2025, to March 26, 2026, CNOOC Limited Group has cumulatively increased its holdings of the company by 705,500 A-shares, accounting for approximately 0.0015% of the total number of shares issued by the company, with an increase amount of RMB 30,063,000 (excluding taxes); and accumulated an increase of 24,298,000 Hong Kong shares, accounting for approximately 0.0511% of the total number of shares issued by the company, with an increase amount of RMB 373 million (excluding taxes). As of the date of this announcement, CNOOC Limited Group has cumulatively increased its holdings of the company by 25,035,000 shares, accounting for approximately 0.0526% of the total number of shares issued by the company, with a total increase amount of RMB 403 million (excluding taxes). The deadline of this increase plan is approaching, and the amount of increase by CNOOC Limited Group has not yet reached the lower limit of the increase plan.
As of the date of this announcement, CNOOC Limited Group and its concerted parties directly or indirectly hold a total of 29.533 billion shares of the company, accounting for approximately 62.14% of the total shares issued by the company. Among them, CNOOC Limited Group holds 760 million Hong Kong shares and 705,500 A shares of the company; CNOOC Limited Group's direct wholly-owned subsidiary, Overseas Oil & Gas Corporation Ltd. (OOGC), holds 5 Hong Kong shares of the company; and OOGC's direct wholly-owned subsidiary, CNOOC (BVI) Limited, holds 28.773 billion Hong Kong shares of the company.
Due to various factors such as the company's regular reporting window period, holiday closures, and changes in market conditions, the progress of the increase plan has been adjusted. Based on a firm confidence in the company's long-term stable development, the deadline of the increase plan has been extended by twelve months to April 8, 2027. Apart from the extension of the deadline, the other contents of the increase plan remain unchanged.
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