China Petroleum Shandong Taishan Petroleum Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
On May 27, 2026, the Company held the 17th interim meeting of the 11th Board of Directors, where it reviewed and approved the proposal on the purchase of D&O Insurance. To further improve the Company's risk management system, reduce operational risks, and promote the full exercise of rights and responsibilities by the Company's directors and senior management within their duties, ensuring the rights of the Company and its investors, the Company intends to purchase liability insurance for the Company and all directors, senior management, and other relevant responsible personnel of the 12th Board of Directors (hereinafter referred to as "D&O Insurance"). The relevant matters are announced as follows: