CHINA OILFIELD (02883) announced that on March 24, 2026, the company's board of directors held its first meeting of the year, during which the proposal to seek shareholder approval for the reappointment of the auditing firms was passed with 8 votes in favor, 0 against, and 0 abstentions. The board determined that the reappointment of Ernst & Young Hua Ming and Ernst & Young Hong Kong as the company's domestic and overseas auditors for 2026 complies with relevant laws and regulations as well as the provisions of the company's articles of association. The board agreed to submit the proposal for shareholder review and to authorize the board to determine the fees for the 2026 domestic and overseas audit services based on the scope of the audit work and the principle of fair and reasonable pricing.