China Merchants South Oil: The closure of the Strait of Hormuz should not have a significant impact on the company at present.

On Monday, oil and gas stocks collectively surged. As of the close of trading, Tongyuan Petroleum rose by the daily limit of 20%, setting a new historical record for its stock price; the three major oil companies all hit the daily limit; TaiShan Petroleum, CNOOC Service, and Zhun Oil shares also rose by the daily limit. On the morning of the 2nd, in response to the possible operational risks posed by the closure of the Strait of Hormuz, reporters interviewed several relevant listed companies. A staff member from the Securities Department of CNOOC South Oil said, "The company used to have some business passing through the Strait of Hormuz, but the scale was not large, and the proportion was not calculated in detail, relatively small I think. The current situation needs further understanding, so the impact on the company should not be significant." A staff member from the Securities Department of XingTong Corporation told sina.com that the company used to have some business that needed to pass through the Strait of Hormuz, but now they have made some adjustments.