Zhitong Financial APP, Hangzhou Life Technology (01682) announced that on May 19, 2022, the acquirer China-Hong Kong Insurance Brokerage Group Co., Ltd., a wholly-owned subsidiary of the company, acquired a total of 1 million CNOOC Limited shares at an average price of about HK $10.87 per CNOOC Limited share on the open market at a total consideration of about HK $10.868 million (excluding transaction costs). (as of the date of this announcement It accounts for about 0.00212% of CNOOC Limited's total issued share capital. As of further acquisitions, the group held 300000 shares in CNOOC Limited.

CNOOC Limited is a limited company incorporated in Hong Kong whose shares are listed on the Hong Kong Stock Exchange (stock code: 00883) and its RMB ordinary shares (A shares) are listed on the Shanghai Stock Exchange (stock code: 600938.SH).

Taking into account the available cash and low interest environment of the Group, the Group is exploring high-quality blue-chip companies that can provide robust and regular dividend returns to invest, thereby strengthening the Group's source of income. CNOOC Limited Group is the largest offshore crude oil and gas producer in China and one of the largest independent oil and gas exploration and production companies in the world. It has a long record of paying dividends to shareholders. In addition to the possibility of regular income from receiving CNOOC Limited's dividend, the group is bullish on CNOOC Limited's prospects and expects to benefit from capital gains once CNOOC Limited's share price picks up.