Recently, the Shanghai Stock Exchange (SSE) jointly held a three-day symposium and training session on high-quality development in the petroleum and petrochemical industry with PetroChina (PTR), Sinopec (SNP), and CNOOC (CEO). Representatives from the China Securities Regulatory Commission (CSRC), SSE, and the three major petroleum and petrochemical groups attended the event.

The symposium and training were practical measures by SSE to actively implement the arrangements of the new "National Nine Articles" and a concrete manifestation of serving the real economy. It is reported that the event effectively promoted the three major petroleum and petrochemical groups and their listed subsidiaries to deepen policy understanding, strengthen compliance awareness, standardize corporate governance, enhance capital operation capabilities, and broaden financing perspectives.

During the symposium, representatives from SSE and the three major petroleum and petrochemical groups discussed issues such as improving the quality of listed companies, market value management, and capital operations of central enterprise groups.

The energy industry is a foundational and pivotal sector of China's national economy. PetroChina, Sinopec, and CNOOC, as representatives of China's energy industry, have long played a significant role in promoting national economic development and ensuring energy security. They have also set excellent examples in using capital market tools to support listed companies in focusing on their core businesses, improving quality, dividend payouts, share buybacks, market value management, and enhancing investment returns.

Representatives from the three major petroleum and petrochemical groups stated that the series of policies and measures introduced by SSE to improve the quality of listed companies have greatly boosted investor confidence and significantly increased market activity. In the future, the three groups will further deepen cooperation with SSE to jointly build the "pillar," "ballast," and "top performer" of high-quality development in China's capital market.

Specifically:

1. Further strengthen capital market operations. Promote listed companies to establish long-term dividend mechanisms and actively engage in capital operations through mergers and acquisitions, equity swaps, ETF subscriptions, and other methods.

2. Implement the requirements of the new "National Nine Articles" to further improve the quality of listed companies. The three major petroleum and petrochemical groups attach great importance to enhancing the quality of listed companies, leveraging their integrated industrial chain advantages to achieve record-breaking operating performance and striving to deliver long-term, stable investment returns to investors.

3. Promote market value management. Continuously optimize core businesses, enhance value creation capabilities and corporate competitiveness, and establish a positive capital market image. Achieve a closed loop in market value management by regularly hosting performance briefings and other methods to communicate value effectively.$CNOOC(00883.HK)