China Oil & Gas Group Limited announced a further delay in issuing the shareholder circular related to its planned Very Substantial Disposal (VSD) and Very Substantial Acquisition (VSA).

The circular—covering detailed terms of the Share Swap Agreement, information required under Hong Kong Listing Rules, and the notice of a Special General Meeting—was originally scheduled for dispatch on or before 5 June 2026. The company now expects to distribute the document on or before 12 June 2026, citing additional time required to finalize the information.

The new timeline follows earlier disclosures on 29 April, 14 May and 22 May 2026 concerning the proposed transactions.

As of the announcement date (5 June 2026), the board comprises four executive directors and three independent non-executive directors, chaired by Mr. Xu Tieliang.