Ge Long Hui·2026-01-20 09:00Group 1 - The company, CNOOC Oilfield Services (02883.HK), plans to convert its debt of USD 745,738,539.87 owed by COSL Norwegian AS into equity investment, signing a debt-to-equity agreement [1] - The debt amount consists of a principal of USD 647,893,586.77 and interest of USD 97,844,953.10, with a conversion price set at 1.00 Norwegian Krone per share, resulting in a total of 7,533,464,153 shares to be converted [1] - After the investment is completed, the company and CSL will hold 83.02% and 16.98% of COSL Norwegian AS's equity, respectively [1] Group 2 - COSL Norwegian AS is a wholly-owned subsidiary of CSL, which is itself a wholly-owned subsidiary of CNOOC Hong Kong International Limited, responsible for operations in Norway [2] - As of the announcement date, CSL holds 100% equity in COSL Norwegian AS [2]