A · Important
[PetroChina: Plans to jointly increase capital of 11.6 billion yuan to joint-stock company Kunlun Capital with controlling shareholder China National Petroleum Corporation] On August 30, PetroChina (601857.SH) announced that the company plans to use 4.205 billion yuan of its own funds to jointly increase capital of 11.6 billion yuan to joint-stock company Kunlun Capital together with controlling shareholder China National Petroleum Corporation. The capital increase will be mainly used for Kunlun Capital’s private equity investment funds and external equity investment businesses. After the completion of this transaction, the company's equity ratio in Kunlun Capital was changed from 29% before the capital increase to 32.16%. Kunlun Capital is still a joint-stock company of the company, which will not cause the scope of the company's consolidated statements to change. This transaction aims to promote the company's business transformation and upgrading, cultivate emerging industries, and lay out future industries.
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