Potential Hengxin: Bohai 09/17 contract area exploration achieves breakthrough.

Potential Credit Announcement: The overseas wholly-owned subsidiary of the company, Wisdom Petroleum, has made a significant breakthrough in Block 09/17 in the Bohai Sea. The new drilling well, QK18-9-7, has discovered oil and gas in the Ordovician, Jurassic, and Shahejie formations. The test results of the Ordovician Pingshan naked eye section confirmed it to be a gas condensate reservoir. The successful drilling of this well has further expanded the oil and gas area in the contract area, laying a foundation for future reserve estimation and oil field development plan formulation. However, the expenses related to well QK18-9-7 will be temporarily capitalized and will not have an impact on the company's performance in 2026.