PetroChina Company Limited (hereinafter referred to as “PetroChina”) has released details regarding proposed changes to its board structure and governance framework. According to the announcement dated 31 October 2025, the following matters will be submitted to shareholders for consideration:

First, PetroChina intends to elect and appoint two individuals as directors. One proposed director is described as having extensive petroleum industry expertise, while another candidate is put forth as an executive director. The proposed appointments, once approved, will be effective until the end of the current board session.

Second, PetroChina seeks to amend its Articles of Association and to adjust procedural rules affecting both general meetings and the board of directors. Central to these amendments is the plan to abolish the existing Supervisory Committee structure. The board of directors’ audit and risk management committee would assume supervisory responsibilities under the new framework.

Third, PetroChina will convene an Extraordinary General Meeting on 18 December 2025 in Beijing. Shareholders on record are entitled to attend in person or through proxies. The relevant notice and proxy form specify operational details about the EGM and highlight voting procedure guidelines.

The board of directors has indicated that the proposed items, including amendments to the governance documents, are intended to enhance corporate governance standards and streamline decision-making processes. Shareholders are encouraged to study the proposals and to participate in the forthcoming EGM to cast their votes on these changes.