CNOOC EnerTech(SH:600968) Sou Hu Cai Jing·2025-05-23 21:27Core Viewpoint - CNOOC Energy Development Co., Ltd. is revising its articles of association and various management systems to enhance corporate governance and align with new regulations [2][3][4] Company Announcements - The fifth board of directors of CNOOC Energy Development held its 19th meeting on May 19, 2025, approving multiple resolutions, including amendments to the articles of association and various management rules, all of which received unanimous approval [1][3] - The company plans to revise its articles of association to comply with the newly amended Company Law of the People's Republic of China and the guidelines issued by the China Securities Regulatory Commission [2][3] Management Systems - The external investment management system aims to standardize investment behaviors, reduce risks, and enhance investment efficiency, requiring board or shareholder approval for projects exceeding specific thresholds [2][3] - The external guarantee management system is designed to regulate guarantee behaviors, protect investor rights, and ensure financial safety, mandating disclosure for guarantees provided by subsidiaries and requiring board approval for specific guarantees [2][3][6] Governance Structure - The articles of association state that the registered capital of CNOOC Energy Development is RMB 10,165,104,199, with its headquarters located in Dongcheng District, Beijing, covering areas such as technology research and development and product manufacturing [4] - The shareholder meeting rules ensure orderly and standardized operations of the shareholder meetings, which include annual and temporary meetings, with specific powers outlined for the board of directors [4][5] Independent Directors - The independent director working system aims to improve corporate governance and protect minority shareholder interests, requiring independent directors to hold no other positions within the company and to have no conflicts of interest [5]