China Oilfield Services Limited (the “Company”) projects a stable global oil demand in 2026, referencing third-party estimates indicating that offshore exploration and development investment will remain at levels similar to 2025. Domestically, the Company expects a continuous and stable environment for oil and gas exploration, supporting the strength of the oilfield services sector for a certain period. In 2026, the Company anticipates domestic operations will remain stable and overseas business will continue to rise steadily.

According to the announcement, the Company aims to build a world-class energy services enterprise with Chinese characteristics. The strategic focus includes technology development, cost leadership, integration, internationalization, and regional expansion, emphasizing the growth of marine energy services and advancing “1+2+N” market coverage. The Company estimates that its 2026 capital expenditure will be approximately RMB8.44 billion, mainly allocated to equipment investment, replacements and upgrades, technological innovation, and infrastructure.

The announcement highlights the Company’s commitment to maintaining cost control and deploying lean management across all operational processes. However, the realization of expected performance depends on market conditions and other variables, and the Company cautions shareholders and potential investors to exercise prudence when dealing in its shares.