CNOOC recently announced the detailed contents of its Audit Committee Charter, aiming to assist the board of directors in fulfilling responsibilities related to the integrity of the company's financial statements, the independence and qualifications of external auditors, etc. The Charter specifies the organizational structure, qualification requirements, meeting frequency, communication mechanisms, and scope of responsibilities of the Audit Committee. The Audit Committee is composed of no fewer than three non-executive directors, with a majority of members being independent non-executive directors and possessing relevant financial knowledge and experience. The Charter also stipulates that the Audit Committee should hold meetings at least once per quarter, with the option to increase the frequency as needed. In addition, the Audit Committee will be responsible for communication and evaluation of the annual audit, as well as overseeing the independence of external auditors. The board of directors approved and adopted this Charter on October 28, 2024.

CNOOC recently announced the detailed contents of its Audit Committee Charter, aiming to assist the board of directors in fulfilling responsibilities related to the integrity of the company's financial statements, the independence and qualifications of external auditors, etc. The Charter specifies the organizational structure, qualification requirements, meeting frequency, communication mechanisms, and scope of responsibilities of the Audit Committee. The Audit Committee is composed of no fewer than three non-executive directors, with a majority of members being independent non-executive directors and possessing relevant financial knowledge and experience. The Charter also stipulates that the Audit Committee should hold meetings at least once per quarter, with the option to increase the frequency as needed. In addition, the Audit Committee will be responsible for communication and evaluation of the annual audit, as well as overseeing the independence of external auditors. The board of directors approved and adopted this Charter on October 28, 2024.