PetroChina Company Limited announced a package of resolutions for approval at the 9 June 2026 AGM, centering on renewed connected-party dealings, board appointments and fresh financing authorisations.

Key proposals:

1. Continuing Connected Transactions (2027-2029) • New Comprehensive Agreement with parent China National Petroleum Corporation (CNPC) covers product sales, engineering, production, material supply and other services. • Major non-exempt annual caps:  – Engineering technology services to be purchased: RMB245.50 billion, RMB253.00 billion, RMB238.00 billion.  – Production services to be purchased: RMB250.00 billion, RMB236.00 billion, RMB240.00 billion.  – Sales of products and services to CNPC/Jointly-held entities: RMB93.00 billion, RMB94.00 billion, RMB95.00 billion. • Deposit services caps: RMB15.00 billion per year with CNPC (excluding CNPC Finance) and RMB75.00 billion per year with CNPC Finance.

2. New Financial Services Agreement with CNPC Finance (2027-2029) • Covers deposits, settlement and other financial services; deposit caps align with those above.

3. Board Composition • Re-election of 12 directors, including Chairman Dai Houliang, and election of a new INED, Ng Kar Ling Johnny.

4. 2026 Guarantee Scheme • Aggregate guarantees of up to RMB172.44 billion, comprising RMB58.26 billion performance guarantees and RMB114.18 billion financing guarantees for subsidiaries and joint ventures.

5. Debt Financing Mandate • General mandate for the Board to issue domestic or offshore debt instruments with an outstanding balance of up to RMB50.00 billion (or foreign-currency equivalent) and maturities not exceeding 30 years.

6. Other matters • 2025 annual report, profit distribution plan, appointment of KPMG Huazhen LLP and KPMG as auditors, and authorisation for 2026 interim dividend decision will also be tabled.

CNPC and its associates, holding approximately 82.49% of PetroChina’s share capital, will abstain from voting on the connected-transaction resolutions.