CPEC(SH:600339) Zheng Quan Zhi Xing·2025-08-29 17:46Core Viewpoint - The announcement details a significant equity change for China Petroleum Engineering Co., Ltd. (the "Company") due to a private placement of A-shares, fully subscribed by China National Petroleum Corporation (CNPC), which will increase CNPC's ownership stake in the Company. Group 1: Equity Change Details - Prior to the equity change, CNPC directly held 2,567,826,809 shares, accounting for 45.99% of the total share capital, and indirectly held 1,000,000,000 shares through its subsidiary, totaling 63.90% ownership [2][5] - After the completion of the equity change, CNPC will directly hold 4,242,771,050 shares, representing 58.46% of the total share capital, while the indirect holdings remain unchanged, leading to a total control of 72.23% by CNPC and its subsidiaries [2][5] - The equity change will not result in a change of the controlling shareholder or actual controller of the Company [5][6] Group 2: Conditions and Approvals - The equity change is contingent upon the fulfillment of conditions outlined in a conditional share subscription agreement, requiring approvals from relevant state-owned asset regulatory authorities, the Company’s shareholders meeting, the Shanghai Stock Exchange, and the China Securities Regulatory Commission [3][6] - The subscription price is set at 3.53 yuan per share, based on the average trading price of the Company’s shares over the twenty trading days prior to the pricing date [4][6]