Adoption of shares: intends to acquire 70% equity of Jiangxi Fenglin for 21 million yuan.

On the evening of December 22, China National Petroleum Corporation announced, the company held the 18th meeting of the third session of the board of directors and approved the "Proposal on the acquisition of equity investment". It was agreed that the company will acquire 70% of the equity of Jiangxi Fenglin held by Xue Lifan for a total of 21 million yuan. After this transaction is completed, Jiangxi Fenglin will become a subsidiary of the company and will be included in the company's consolidated financial statements.