Notice on Payment of Merger Consideration to Remaining Shareholders of Liaohe Jinma Oilfield Co., Ltd. and Jinzhou Petrochemical Co., Ltd.
China National Petroleum Corporation (hereinafter referred to as "CNPC")’s wholly-owned subsidiary, Beijing Chunhui Investment Co., Ltd. (hereinafter referred to as "the Company"), signed a Merger Agreement on December 6, 2006, with Jinzhou Petrochemical Co., Ltd. (hereinafter referred to as "Jinzhou Petrochemical") and Liaohe Jinma Oilfield Co., Ltd. (hereinafter referred to as "Liaohe Oilfield") (collectively referred to as "the Target Companies"). The shareholders' meetings of Jinzhou Petrochemical and Liaohe Oilfield approved the merger resolution on December 27, 2006.