Shengli Group: Intends to purchase gas-related assets and raise matching funds, stock to resume trading.

date
10/11/2025
Victory Group Announcement: The company plans to acquire gas-related assets controlled by the company's controlling shareholder and its affiliates by issuing shares and paying cash, and raise supporting funds. The transaction targets include 100% equity of CNOOC Zhuhai held by CNOOC Investment, 100% equity of Tandashengtong held by Tandali Tong, 51% equity of Nantong CNOOC held by CNOOC Zhongtai, and 40% equity of Ganhe CNOOC held by CNOOC Zhongtai. Tandashengtong indirectly controls 40% of Ganhe CNOOC's equity and 49% of Nantong CNOOC's equity through its subsidiary, Zhuhai Investment. Therefore, after the completion of this transaction, the company will collectively hold 100% equity of CNOOC Zhuhai, 100% equity of Tandashengtong, and collectively control 80% equity of Ganhe CNOOC and 100% equity of Nantong CNOOC. The stock will resume trading from November 11, 2025.