PetroChina Schedules 9 June 2026 AGM; Seeks RMB50 Billion Debt Mandate, Dividend Decision and Board Refresh

PetroChina Company Limited will convene its annual general meeting (AGM) on 9 June 2026 at 9:00 a.m. in Beijing’s V-Continent Wuzhou Hotel. Shareholders will vote on a total of 11 sets of resolutions, covering performance review, capital management, financing authorisations, connected transactions and board composition.

Key items on the agenda are as follows:

1. 2025 Operating Review • Shareholders will receive the Board report and the audited financial statements for FY2025. • A profit distribution plan for 2025 and a mandate authorising the Board to decide the 2026 interim dividend will be considered.

2. Financing Flexibility • A special resolution seeks authority for the Board to issue debt-financing instruments with an outstanding balance of up to RMB50.00 billion (or foreign-currency equivalent). The mandate is unconditional and covers determination of terms and execution.

3. Risk Management • An ordinary resolution proposes adoption of the 2026 guarantee scheme, detailing parameters for corporate guarantees issued by the Company.

4. Auditor Appointment • KPMG Huazhen LLP (domestic) and KPMG (international) are nominated as statutory auditors for FY2026, with the Board authorised to set their remuneration.

5. Continuing Connected Transactions • Ratification of a new comprehensive agreement with parent company China National Petroleum Corporation. • Approval of a new financial services agreement with China Petroleum Finance Company Limited. Both agreements include proposed annual caps for routine business dealings on normal commercial terms and empower the CFO to finalise ancillary documentation.

6. Board and Independent Directors Election (Cumulative Voting) • Eight executive/non-executive director candidates: Dai Houliang, Zhou Xinhuai, Duan Liangwei, Zhou Song, Ren Lixin, Xie Jun, Zhang Daowei and Song Dayong. • Five independent non-executive director candidates: Ho Kevin King Lun, Yan Andrew Y, Liu Xiaolei, Zhang Yuxin and Ng Kar Ling Johnny.

Shareholders of both A shares and H shares may appoint proxies; completed proxy forms must reach the Company (A shares) or Computershare Hong Kong Investor Services (H shares) by 9:00 a.m. on 8 June 2026.

The AGM outcomes will set PetroChina’s strategic and financial agenda for 2026, particularly regarding capital allocation, debt structure and board governance.