Gelonghui, April 24, 丨 CNOOC Petrochemical (03983.HK) announced that on April 24, 2024, (i) the company signed the first trust plan agreement with CNOOC Trust. According to this, the company agreed to invest a total of RMB 350 million in the trust plan set up by CNOOC Trust for a period of one year from April 24, 2024 to April 24, 2025, and (ii) the company signed a second trust plan agreement with CNOOC Trust. Based on this, the company agreed to invest a total of RMB 350 million in the trust plan set up by CNOOC Trust from April 2025 The period from the 24th to April 24, 2026 will be one year, all using the company's own funds.
The rational and effective operation of phased idle funds will enhance the company's capital return, which is in line with the company's core goals of ensuring capital safety, liquidity, and meeting the Group's capital requirements such as daily operations and dividends. The investment risk and potential return of this investment meet the company's needs.