SINOPEC OILFIELD SERVICE CORPORATION Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
Sinopec Oilfield Service Corporation
(a joint stock limited company established in the People's Republic of China)
(Stock code: 1033)
OVERSEAS REGULATORY ANNOUNCEMENT
INDICATIVE ANNOUNCEMENT ON REDUCTION OF SHAREHOLDING OF SHAREHOLDER WITH MORE THAN 5% TO BELOW 5% AND CHANGE IN EQUITY INTERESTS
This announcement is made pursuant to the Inside Information Provision under Part XIVA of the Securities and Futures Ordinance and Rule 13.09(2) and Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
CITIC Corporation, the shareholder holding more than 5% of the shares of the Company, warrants that the contents of the information it provided to the Company are true, accurate, and complete and have no false representations, misleading statements or material omissions.
The Company and all members of its board of directors warrant that the contents of the Announcement are consistent with information provided by the information disclosure obligor.
Key information:
- The change in equity interests is the implementation of the proposed reduction of shareholding by CITIC Corporation Limited* ( 中 國 中 信 有 限 公 司 ) ("CITIC Corporation") as previously disclosed, and does not involve a tender offer.
- After the change in equity interests, CITIC Corporation will cease to be the shareholder holding more than 5% of the shares of the Company.
- The change in equity interests does not result in change of the controlling shareholder or de facto controller of the Company.
Sinopec Oilfield Service Corporation (the "Company") published the "Overseas Regulatory Announcement - Announcement on Proposed Reduction of Shareholding" on 30 March 2021. CITIC Corporation proposed to reduce its shares in aggregate of no more than 1% of the total number of shares of the Company (i.e. no more than 189,843,400 shares) by way of centralised bidding and/or block trade sales. On 14 May 2021, the Company received the Simplified Report on the Alteration of Entitlements from CITIC Corporation. The relevant change in equity interests is announced as follows:
- BASIC INFORMATION OF THE CHANGE IN EQUITY INTERESTS
1. Basic information of the information disclosure obligor
Name of com- CITIC Corporation Limited pany
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Nature of en- | Limited liability company (sole proprietorship from Taiwan, Hong Kong |
terprise | and Macao) |
Legal repre- | Zhu Hexin |
sentative | |
Registered | RMB139 billion |
capital | |
Location of | 89-102/F, Citic Plaza, Building 1, No. 10 Guanghua Road, Chaoyang Dis- |
registration | trict, Beijing |
Unified Social | 911100007178317092 |
Credit Code | |
Operating pe- | From 22 July 2014 to 21 July 2064 |
riod | |
Scope of busi- | 1. Investment and management of financial industry, including: investment |
ness | in and management of domestic and overseas banking, securities, insur- |
ance, trust, asset management, futures, leasing, funds, credit cards and other | |
financial enterprises and relevant industries.2. Investment and management | |
of non-financial industry, including:（1）energy, transportation and other | |
infrastructure；（2）mineral, forest and other resources development and raw | |
material industry；（3）machinery manufacturing；（4）real estate devel- | |
opment；（5）information industry: information infrastructure, basic tele- | |
communications and value-added telecommunications services；（6） | |
business services and other industries: environmental protection; medicine, | |
bioengineering and new materials; aviation, transportation, warehousing, | |
hotel, tourism; international and domestic trade, import and export busi- | |
ness, commerce; education, publishing, media, culture and sports; consult- | |
ing services；3. Provision of shareholder loans to domestic and overseas | |
subsidiaries; capital operation; asset management; domestic and overseas | |
engineering design, construction, contracting and subcontracting, and labor | |
export, and other approved businesses | |
Major share- | 100% of equity interest are held by CITIC Limited |
holder and its | |
shareholding |
2. Basic information of the change in equity interests
Name of | Method of | Share reduc- | Class of | Number of re- | Percentage |
shareholder | share reduc- | shares reduced | duced shares | of decrease | |
tion period | |||||
tion | (share) | （%） | |||
CITIC | centralised | From 22 April | RMB ordinary | 85,783,000 | 0.45186190 |
Corporation | bidding | 2021 to 13 | shares | ||
May 2021 |
3. Shareholding in the Company by CITIC Corporation before and after the change in equity interests
Name of | Nature of shares | Shareholding before the change | Shareholding after the change | ||
shareholder | Number of | As a percenta | Number of | As a percenta | |
shares (share) | ge of the total | shares (share) | ge of the total | ||
share capital | share capital | ||||
（%） | （%） |
2
CITIC | Total number of | 1,035,000,000 | 5.45% | 949,217,000 | 4.99999999% |
Corporation | shares held | ||||
Including: shares | 1,035,000,000 | 5.45% | 949,217,000 | 4.99999999% | |
not subject to | |||||
selling re- | |||||
strictions |
(1). All the shares involved in this change in equity interests shall carry voting rights and there is not any restriction of the rights due to entrustment or restriction of voting rights, or rights transfer being restricted.
(2). The change in equity interests does not violate the Securities Law of the People's Republic of China, Measures Governing Acquisitions by Listed Companies, or other laws and regulations, the business rules of the Shanghai Stock Exchange or other relevant provisions or the relevant undertakings.
- OTHER INFORMATION
- The information disclosure obligor CITIC Corporation has formulated the Simplified Report on the Alteration of Entitlements as required. For details, please refer to the Simplified Report on the Alteration of Entitlements published by the Company on the website of the Shanghai Stock Exchange (www.sse.com.cn) on the same day.
- The change in equity interests does not result in change of the controlling shareholder or de facto controller of the Company.
- After this change in equity interests, CITIC Corporation, the information disclosure obligor is still in implementation of the shareholding reduction plan. The Company will urge CITIC Corporation to strictly implement the relevant provisions on shareholding reduction and timely disclose the relevant information to investors. Investors are hereby advised to pay attention to investment risks.
By Order of the Board
Shen Zehong
Company Secretary
Beijing, the PRC, 14 May 2021
As at the date of this announcement, the Board of Directors comprises Mr. Chen Xikun#, Mr. Yuan Jianqiang#, Mr. Lu Baoping+, Mr. Fan Zhonghai+, Mr. Wei Ran+, Mr. Zhou Meiyun+, Mr. Chen Weidong*, Mr. Dong Xiucheng* and Mr. Zheng Weijun*
- Executive Director
- Non-ExecutiveDirector
- Independent Non-Executive Director
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Sinopec Oilfield Service Corp. published this content on 14 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2021 15:42:06 UTC.
