重大股权合作，获国务院国资委批准！

Core Viewpoint - The State-owned Assets Supervision and Administration Commission (SASAC) has approved the equity cooperation between China Petroleum and State Grid, involving the transfer of shares and acquisition of a futures company [2][12]. Group 1: Share Transfer Announcement - China Petroleum Group plans to transfer 379,262,372 A-shares, representing 3.00% of the total share capital, to State Grid Yingda Group through a state-owned share transfer agreement signed on December 26, 2025 [2][6]. - The transfer has received approval from the SASAC [6][12]. Group 2: Acquisition of Yingda Futures - China Petroleum's wholly-owned subsidiary, China Petroleum Capital Co., intends to acquire 100% of Yingda Futures for a price of RMB 1,129,286,232.00 [12]. - This acquisition was also approved by the SASAC [12]. - The qualification of China Petroleum Capital as the controlling shareholder of Yingda Futures requires approval from the China Securities Regulatory Commission, indicating potential uncertainty regarding the successful implementation of the transaction [12].