CNOOC Limited announced that from November 27, 2024, multiple changes will occur in directors and senior management personnel. Mr. Zhou Xinhua will no longer concurrently serve as president due to work requirements but will remain as vice chairman, executive director, and CEO. Mr. Yan Hongtao has been appointed as executive director, president, and a member of the Strategy and Sustainable Development Committee, and will no longer serve as vice president. Mr. Yan's salary is expected to be no more than 0.2 million yuan.\nIn addition, non-executive director Ms. Wen Dongfen will no longer serve due to retirement, while Mr. Wang Dewhua and Ms. Mu Xiuping have been appointed as non-executive directors and members of the Remuneration Committee and the Audit...Show More

CNOOC Limited announced that from November 27, 2024, multiple changes will occur in directors and senior management personnel. Mr. Zhou Xinhua will no longer concurrently serve as president due to work requirements but will remain as vice chairman, executive director, and CEO. Mr. Yan Hongtao has been appointed as executive director, president, and a member of the Strategy and Sustainable Development Committee, and will no longer serve as vice president. Mr. Yan's salary is expected to be no more than 0.2 million yuan.\nIn addition, non-executive director Ms. Wen Dongfen will no longer serve due to retirement, while Mr. Wang Dewhua and Ms. Mu Xiuping have been appointed as non-executive directors and members of the Remuneration Committee and the Audit Committee respectively. Mr. Wang and Ms. Mu's term will continue until the 2024 annual general meeting of shareholders and they will be eligible for re-election. Neither of them will receive director remuneration, and the Remuneration Committee will review their compensation levels.\nAt the same time, Mr. Cao Xinjian will no longer serve as executive vice president and safety director, while Mr. Sun Dalu has been appointed as executive vice president, and Mr. Yan Hongtao concurrently serves as safety director. The board of directors expresses gratitude for the contributions of Ms. Wen and Mr. Cao, and congratulates the newly appointed Mr. Wang, Mr. Yan, Ms. Mu, and Mr. Sun.