PDF《中国石油天然气股份有限公司》

8 September 2017. RENEWAL OF CONTINUING CONNECTED TRANSACTIONS WITH BEIJING GAS IN RESPECT OF

2018 TO

2020 Reference is made to the announcement of the Company dated

24 August

2016 in respect of the continuing connected transactions entered into between the Group and Beijing Gas from

1 January

2016 to

31 December 2017. The Board hereby announces that the Company and Beijing Gas entered into the New Products and Services Agreement on

24 August

2017 to continue the Continuing Connected Transactions with Beijing Gas after

31 December 2017. PetroChina Beijing Gas Pipeline is a non-wholly owned subsidiary of the Company. Beijing Gas is a substantial shareholder of PetroChina Beijing Gas Pipeline (holding 40% of the issued share capital of PetroChina Beijing Gas Pipeline) and is a connected person of the Company. Therefore, the transactions under the New Products and Services Agreement constitute continuing connected transactions of the Company under the provisions of Chapter 14A of the HKEx Listing Rules. Since the highest of the applicable percentage ratios (other than the profits ratio) under the HKEx Listing Rules for the transactions contemplated under the New Products and Services Agreement is more than 0.1% but less than 5%, the transactions contemplated under the New Products and Services Agreement are subject to the reporting, announcement and annual review requirements but are exempted from the circular (including inde........