PETROCHINA (00857) controlling shareholder plans to increase holdings of the company's A shares and H shares with an intended amount of 2.8-5.6 billion yuan.

PETROCHINA (00857) announced that on April 8, 2025, the company received a notification from its controlling shareholder, PetroChina Natural Gas Group Limited (PetroChina Group), expressing confidence in the company's future prospects. PetroChina Group plans to increase its holdings of the company's A shares and H shares through itself and its wholly-owned subsidiary companies within the next 12 months from the date of this announcement. As of the date of this announcement, PetroChina Group directly holds 150,923,565,570 A shares of the company and holds 291,518,000 H shares through its wholly-owned subsidiary, Fairy King Investments Ltd., totaling 151,215,083,570 shares, accounting for approximately 82.62% of the total issued shares of the company. The increase in holdings plan will be conducted through the Shanghai Stock Exchange system and the Hong Kong Stock Exchange system for on-exchange trading, with an estimated total amount not less than RMB 2.8 billion and not exceeding RMB 5.6 billion. Taking into consideration market volatility, fund arrangements, domestic and foreign regulatory requirements, PetroChina Group and its wholly-owned subsidiary companies will complete the increase in holdings plan within the next 12 months from the date of this announcement using their own funds.