PetroChina invests RMB 4.21 billion in Kunlun Capital via share subscription

• PetroChina agreed on Aug. 28, 2026 to inject RMB 4.21 billion into CNPC Kunlun Capital via a non-pro-rata capital increase.
• Total raise set at RMB 11.6 billion, fully subscribed by CNPC and PetroChina; CNPC Capital waived pre-emptive rights.
• PetroChina stake to rise to 32.16% from 29%; CNPC to 56.56% from 51%; CNPC Capital to fall to 11.28% from 20%.
• Payments staged: 50% by Dec. 31, 2026; 30% by Dec. 31, 2027; 20% by Dec. 31, 2028.
• Proceeds earmarked for private equity funds and external equity investments; Kunlun Capital will not be consolidated into PetroChina’s financial statements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PetroChina Company Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260830-12307241), on August 30, 2026, and is solely responsible for the information contained therein.