Major news regarding PetroChina and China Mobile has emerged.

On the evening of September 2nd, PetroChina announced that its controlling shareholder, China National Petroleum Corporation (CNPC), plans to transfer 541,202,377 A-shares (541 million shares) representing 0.30% of the company's total share capital to China Mobile Group through a state-owned share transfer at zero consideration.

According to the announcement, before the transfer, CNPC directly held 82.46% of the company's shares. After the transfer, its shareholding will decrease to 82.17%, while remaining the controlling shareholder. China Mobile Group previously held 0.10% of the company's shares through subsidiaries, and after the transfer, its total shareholding will increase to 0.39%.

The company stated that this transfer aims to deepen strategic cooperation between both parties, optimize the shareholding structure, and achieve complementary advantages. The transfer consideration is zero yuan, does not involve a mandatory offer, and will not result in changes to the company's controlling shareholder or actual controller.

Both parties have signed the share transfer agreement, but the transfer still requires approval from the State-owned Assets Supervision and Administration Commission of the State Council and completion of share transfer registration procedures. The company said it will closely monitor developments and fulfill information disclosure obligations in a timely manner.

According to the announcement, this transfer will not have a material impact on the company's normal production and business operations. China National Petroleum Corporation and China Mobile Group have no affiliated relationship or other economic interest relationships.