CNOOC held its seventh board of directors meeting of the year on October 28, 2024, chaired by Director Wang Dongjin, with all directors in attendance. The meeting was legally valid and approved a number of agenda items including the 2025 annual work plan and budget, the third quarter report of 2024, financing proposals and arrangements for 2025, financing arrangements for the East African crude oil pipeline project, the 2025 hedging business plan and its feasibility analysis report, pre-approval of the annual compensation for independent non-executive directors in 2025, and the annual review of various committee charters. All agenda items were passed unanimously, with a voting result of 7 in favor, 0 against, and 0 abstentions. The board of directors is legally responsible for the accuracy, truthfulness, and completeness of the announcement contents.

CNOOC held its seventh board of directors meeting of the year on October 28, 2024, chaired by Director Wang Dongjin, with all directors in attendance. The meeting was legally valid and approved a number of agenda items including the 2025 annual work plan and budget, the third quarter report of 2024, financing proposals and arrangements for 2025, financing arrangements for the East African crude oil pipeline project, the 2025 hedging business plan and its feasibility analysis report, pre-approval of the annual compensation for independent non-executive directors in 2025, and the annual review of various committee charters. All agenda items were passed unanimously, with a voting result of 7 in favor, 0 against, and 0 abstentions. The board of directors is legally responsible for the accuracy, truthfulness, and completeness of the announcement contents.