北京市金杜律师事务所 关于中国海洋石油有限公司 2024 年度股东周年大会 之法律意见书 致：中国海洋石油有限公司 北京市金杜律师事务所（以下简称本所）接受中国海洋石油有限公司（以下 简称公司）委托，根据《中华人民共和国证券法》（以下简称《证券法》）、中国 证券监督管理委员会《上市公司股东会规则》（以下简称《股东会规则》）等中华 人民共和国境内（以下简称中国境内，为本法律意见书之目的，不包括中国香港 特别行政区、中国澳门特别行政区和中国台湾地区）现行有效的法律、行政法规、 规章和规范性文件和现行有效的《中国海洋石油有限公司组织章程细则》（以下 简称《组织章程细则》）有关规定，指派律师出席了公司于 2025 年 6 月 5 日召 开的 2024 年度股东周年大会（以下简称本次股东大会），并就本次股东大会相 关事项出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限于： 1. 经公司 2024 年 6 月 7 日股东周年大会审议通过的《组织章程细则》； 2. 公司分别于 2025 年 3 月 28 日和 2025 年 5 月 13 日刊登于《中国证券 报》《证券时报》《上海证券报》 ...

中国海洋石油有限公司股东大会议事规则 第一章 总则 1 第一条 为规范中国海洋石油有限公司（CNOOC Limited，以下简称「公司」）股 东大会的运作，提高股东大会议事效率，保证股东大会程序及决议的合 法性，保障股东的合法权益，根据《公司条例》（香港法例第 622 章） （以下简称《条例》）、《国务院办公厅转发<证监会关于开展创新企业境 内发行股票或存托凭证试点若干意见>的通知》、《创新企业境内发行股 票或存托凭证上市后持续监管实施办法（试行）》、《香港联合交易所有限 公司证券上市规则》（以下简称《联交所上市规则》）、《上海证券交易所 股票上市规则》等法律、法规、规范性文件和《中国海洋石油有限公司 组织章程细则》（以下简称《组织章程细则》）的有关规定，特制定本规 则。 第二条 公司股东大会由公司全体股东组成，为公司的最高权力机构。股东大会 依照《条例》《组织章程细则》和本规则的规定行使职权。 第三条 本规则对公司、全体股东、股东代理人、全体董事、高级管理人员、股 东大会的有关工作人员、列席股东大会的其他人员具有约束力。 第四条 公司董事会（以下简称董事会）应严格遵守《条例》、其他适用的法律、 法规、规范性 ...

本组织章程细则中文译本只供参考，本组织章程细则中文译本与英文版本的内容如 有任何差异或不一致，应以英文版本为准。 组织章程细则 | | | | 表 A 等所载的规例不适用 1 | | --- | | 释义 1 | | 名称 3 | | 本公司的身份和权力 3 | | 成员的法律责任 3 | | 办事处 3 | | 股份 3 | | 股份联名持有人 4 | | 股票 5 | | 催缴股款 6 | | 股份的没收 7 | | 留置权 8 | | 股份转让 8 | | 股份传转 10 | | 增加资本及回购股份 10 | | 股本变动 11 | | 权利的更改 11 | | 股东大会 12 | | 股东大会通知 13 | | 股东大会的议事程序 14 | | 表决 14 | | 成员投票 16 | | 董事 18 | | --- | | 董事酬金 18 | | 董事会的权力 18 | | 董事的任命及免职 20 | | 候补董事 21 | | 取消董事资格 22 | | 董事的利益 22 | | 首席执行官及其他任命 25 | | 董事会议事程序 25 | | 会议记录 26 | | 公章 26 | | 秘书 27 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因 依賴該等內容而引致的任何損失承擔任何責任。 CNOOC Limited （中國海洋石油有限公司） （根據公司條例在香港註冊成立的有限責任公司） 股票代號：00883（港幣櫃台）及 80883（人民幣櫃台） 中國海洋石油有限公司董事會（「董事會」）成員及其各自於董事會及董事會下屬委 員會的角色及職能載列如下，自二零二五年六月五日起生效： | 董事會下屬 | 審核委員會 | 提名委員會 | 薪酬委員會 | 戰略與可持續 | | --- | --- | --- | --- | --- | | 委員會 | | | | 發展委員會 | | 董事 | | | | | | 執行董事 | | | | | | 周心懷(副董事長及 | - | 1 C | - | 2 C | | 首席執行官) | | | | | | 閻洪濤(總裁) | - | - | - | M | | 穆秀平(首席財務官) | - | - | - | - | | 非執行董事 | | | | | | ...

证券代码：600938 证券简称：中国海油 公告编号：2025-020 中国海洋石油有限公司 2024年度股东周年大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 5,108 | | --- | --- | | 股股东人数 其中：A | 4,369 | | 境外上市外资股股东人数（港股） | 739 | | 2、出席会议的股东所持有表决权的股份总数（股） | 30,480,850,795 | | 股股东持有股份总数 其中：A | 436,623,702 | | 境外上市外资股股东持有股份总数（港股） | 30,044,227,093 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 64.129771 | (一) 股东大会召开的时间：2025 年 6 月 5 日 (二) 股东大会召开的地点：香港中环法院道太古广场港岛香格里拉大酒店 (三) 出席会议的普通股股东及其持有股份情况： | 份总数的比例（%） | | | -- ...

Investment Rating - The report maintains an "Overweight" rating for the petrochemical and transportation sectors [5] Core Insights - The demand for biodiesel is expected to grow significantly due to its environmental benefits and the expansion of its application in various sectors, including aviation and power generation [1][2] - The introduction of mandatory Sustainable Aviation Fuel (SAF) blending requirements in the EU starting in 2025 is anticipated to drive up prices for related products in the supply chain [2] - The successful establishment of export channels for domestic bio-jet fuel marks a significant milestone for China's biofuel industry, allowing for international market access [3] Summary by Sections 1. Industry Overview - Biodiesel is recognized for its renewable nature and broad raw material sources, contributing to sustainable economic development and energy transition [1] - The International Air Transport Association (IATA) projects that by 2050, 65% of emissions reductions in aviation will come from the use of biofuels [1] 2. Policy Impact - The EU's SAF mandate requires a minimum of 2% SAF in aviation fuel by 2025, increasing to 6% by 2030 and 70% by 2050, which is expected to accelerate the growth of the SAF market [2] - China's "14th Five-Year Plan" emphasizes the development of non-grain biomass liquid fuels, including biodiesel and bio-jet fuel, aligning with the country's carbon neutrality goals [1] 3. Market Dynamics - The export volume of domestic kitchen waste oil is projected to grow from 730,000 tons in 2019 to 2.78 million tons by 2024, reflecting a compound annual growth rate of 23% [2] - As of June 4, 2025, the average market prices for domestic waste oil and biodiesel are reported at 6,200 RMB/ton and 7,925 RMB/ton, respectively, showing increases of 36% and 17% from their October 2024 lows [2] 4. Investment Recommendations - The report suggests focusing on undervalued, high-dividend, and well-performing companies in the "three barrels of oil" and oil service sectors, including China National Petroleum, Sinopec, and CNOOC [4] - It also highlights opportunities in domestic material companies benefiting from the trend of local substitution, as well as in the pesticide and fertilizer sectors [4]

Investment Rating - The report maintains an "Overweight" rating for the petrochemical and transportation sectors [5] Core Insights - The demand for biodiesel is expected to grow significantly due to its environmental benefits and the expansion of its application in various sectors, including aviation and power generation [1][2] - The introduction of mandatory Sustainable Aviation Fuel (SAF) blending requirements in the EU starting in 2025 is anticipated to drive up prices for related products in the supply chain [2] - The recent approval of export channels for domestic bio-jet fuel marks a significant development for China's biofuel industry, allowing for international trade and enhancing competitive advantages for leading companies [3] Summary by Sections 1. Industry Overview - The report highlights the strategic importance of biodiesel in achieving sustainable economic development and reducing environmental pollution, with a focus on its growing applications in transportation and energy sectors [1] 2. Policy Impact - The EU's SAF blending mandate will require at least 2% SAF in aviation fuel by 2025, increasing to 6% by 2030 and 70% by 2050, which is expected to significantly boost demand for biofuels [2] 3. Market Developments - The export approval for bio-jet fuel from Jiangsu province represents a breakthrough for the domestic biofuel industry, allowing for a production capacity of 372,400 tons in 2025 [3] 4. Investment Recommendations - The report suggests focusing on undervalued, high-dividend companies in the oil and gas sector, as well as those benefiting from domestic substitution trends in materials and chemicals [4]

Investment Rating - The report maintains an "Overweight" rating for the petrochemical and transportation sectors [5] Core Viewpoints - The demand for biodiesel is expected to grow significantly due to its environmental benefits and the expansion of its application in various sectors, including aviation and power generation [1][2] - The introduction of mandatory Sustainable Aviation Fuel (SAF) blending requirements in the EU is anticipated to drive up prices for related products in the supply chain [2] - The establishment of export channels for domestic bio-jet fuel marks a significant development for China's biofuel industry, allowing for international market access [3] Summary by Sections 1. Industry Overview - Biodiesel is recognized for its renewable nature and broad raw material sources, contributing to sustainable economic development and energy transition [1] - The International Air Transport Association (IATA) projects that by 2050, 65% of emissions reductions in aviation will come from the use of biofuels [1] 2. Policy Impact - The EU mandates a minimum of 2% SAF in aviation fuel starting January 2025, increasing to 6% by 2030 and 70% by 2050, which is expected to significantly boost the SAF market [2] - China's "14th Five-Year Plan" emphasizes the development of non-grain biomass liquid fuels, including biodiesel and bio-jet fuel, aligning with the country's carbon neutrality goals [1] 3. Market Dynamics - The export volume of domestic kitchen waste oil is projected to grow from 730,000 tons in 2019 to 2.78 million tons by 2024, reflecting a compound annual growth rate of 23% [2] - As of June 4, 2025, the average market prices for domestic waste oil and biodiesel are reported at 6,200 RMB/ton and 7,925 RMB/ton, respectively, showing increases of 36% and 17% from their October 2024 lows [2] 4. Investment Recommendations - The report suggests focusing on undervalued, high-dividend, and well-performing companies in the "three barrels of oil" and oil service sectors, as well as companies benefiting from domestic substitution trends in materials [4]

调研纪要：未来几年，中国海油国内外产量将持续增长，主要来自渤海、圭亚那和巴西。公司追求相对 成本优势，不追求绝对成本下降。资本支出计划基于中长期油价假设，保持稳定预算和合理结构。公司 坚持油气并举、向气倾斜，推进天然气勘探，提高国内天然气产量。天然气项目稳产周期长、采收率 高、作业成本低，国内海气销售价格稳定。公司已建立完整技术体系，突破1500米超深水开发关键技 术，科技自主可控水平不断提高。 机构简介： 根据市场公开信息及6月4日披露的机构调研信息，知名私募久期投资近期对1家上市公司进行了调研， 相关名单如下： 1）中国海油 （上海久期投资有限公司参与公司现场参观） 上海久期投资有限公司（简称"久期投资"）是一家专注于固定收益类投资的阳光私募资产管理机构，成 立于2013年12月，2014年4月获得中国基金业协会颁发的私募基金管理人资质。公司产品条线分为固定 收益类、固收增强类和宏观策略类，通过债券、股票和黑色大宗商品市场的大类资产配置和价值发掘， 为投资者创造长期可持续的稳健回报。"固收+"产品以利率趋势判断下的信用策略为基础策略，根据宏 观资产轮动判断，选择合适的资产种类如利率、可转债、权益资产等，分 ...

Core Viewpoint - The article discusses the impact of Trump's energy policies on the oil and gas industry, highlighting the shift in capital expenditure strategies among U.S. shale oil companies and the recent bidding rounds in Iraq that attracted significant international interest, particularly from Chinese firms [3][8][43]. Group 1: U.S. Oil and Gas Industry - Trump's administration has focused on traditional energy sources, advocating for reduced regulations on oil and gas extraction, with a target price of $50 per barrel set by advisor Peter Navarro [5][3]. - U.S. shale oil producers have learned from past price crashes and are now prioritizing cash flow and shareholder returns over aggressive capital spending, leading to a reduction in capital expenditures for 2025 and 2026 [8][10]. - Major companies like Chevron have announced significant layoffs, with plans to cut 9,000 jobs by the end of 2026, reflecting a broader trend of cost control in the industry [11]. Group 2: Global Oil Market Dynamics - Brent crude oil prices have fallen by 17% since the beginning of the year, currently around $60 per barrel, influenced by concerns over a potential global economic recession and OPEC+ production challenges [12]. - The Middle East remains a key player in the oil market, with the lowest extraction costs found in countries like Kuwait, Saudi Arabia, and Iraq, making them attractive for international investment [17][19]. Group 3: Iraq's Oil and Gas Bidding Rounds - Iraq is set to launch its fifth and sixth rounds of oil and gas block tenders, attracting participation from major global oil companies, with a focus on exploration and production contracts [21]. - Chinese companies have emerged as significant players in the bidding process, winning the majority of contracts, including those for high-potential exploration blocks [22][27]. - The article highlights the controversial background of some winning bidders, such as the United Energy Group, which has faced scrutiny for past financial misconduct [28][30].