Cnooc Limited Reappoints Auditors with 73 Million Yuan Fee

Deep News03-29

Cnooc Limited held its second board meeting of 2026 on March 26, 2026, during which a proposal to reappoint the company's accounting firms was approved. The proposal involves reappointing Ernst & Young Hua Ming and Ernst & Young Hong Kong as the company's domestic and overseas auditors for the 2026 fiscal year, respectively. The audit fee for 2025 amounted to 73 million yuan, which includes compensation for internal control auditing. The company will seek shareholder authorization at the 2025 annual general meeting for the board to approve the audit fee for 2026. The pricing principle for the 2026 audit fee remains unchanged from 2025. The board will determine the fee through negotiation with the accounting firms, taking into account factors such as the audit workload during the reporting period and market-based, reasonable pricing principles, including the time costs of audit personnel at various levels involved in the engagement.

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