Core Viewpoint - The company has entered into a memorandum of understanding with Aral Petroleum Capital LLP to explore potential cooperation in oil exploration and production in Kazakhstan, aiming to enhance operational efficiency and diversify revenue sources [1][2]. Group 1: Memorandum of Understanding - The memorandum was signed on November 10, 2025, between the company's subsidiary and Aral Petroleum Capital LLP [1]. - The agreement focuses on exploring opportunities for oil well exploration and production in a target oil field located in Kazakhstan [1]. - The memorandum serves as a platform for further discussions, with no binding agreements established yet regarding the specifics of the cooperation [1]. Group 2: Strategic Context - The company is facing political risks due to unclear U.S.-China relations and is experiencing slow economic growth and reduced demand in China [2]. - To address these challenges, the company is looking to explore potential investment projects that create long-term value for stakeholders [2]. - Kazakhstan is identified as a key market due to its position as the largest economy in Central Asia and a significant hub in the Belt and Road Initiative [2]. - The company aims to leverage its expertise in exploration and production to provide consulting services in Kazakhstan, enhancing upstream operations through advanced oil extraction technologies [2]. - If successful, the cooperation project could diversify the company's revenue streams and support sustainable business growth, aligning with the interests of the company and its shareholders [2].