Recently, China Oilfield Services Limited (“COSL” or the “Company”) won the “Excellent Practice Award of Annual Report and Results Presentation” from the China Association for Public Companies, thanks to its outstanding performance in annual results presentation.
The China Association for Public Companies evaluated 5,130 listed companies in the Shanghai, Shenzhen, and Beijing stock markets. COSL stood out to win the award and set an industry benchmark by virtue of its high-standard, multi-layered, and comprehensive organization of results presentation.
In March 2024, Zhao Shunqiang, Chairman and CEO of the Company, led a team to participate in a series of annual results release events held in Hong Kong, exchanging views with key domestic and international investors, including 102 institutions such as Fidelity International, BlackRock, Harvest Fund, HSBC, Morgan Stanley, BOCI, J.P. Morgan, Taikang Assets, Fullgoal Fund and CMBI, and more than 120 investors. After the conference, the management team of the Company conducted seven one-on-one and three one-to-many communication sessions, participating in interviews with several media outlets including Gelonghui, Sing Tao Daily, China Financing, Information, Aastocks, and ETNet, discussing issues of concern to the capital markets. Investors and media expressed recognition of the Company’s operational capabilities in the capital market, significantly enhancing the perception of its value. The Company’s high-standard and regular communication style has become an important hallmark of its results presentation.
The shareholders engaged in the discussions held nearly 852 million shares, accounting for 35.8% of the shares held by investors excluding the major shareholder, CNOOC. Following the annual results exchange, the Company’s A and H shares saw price increases of 19.58% and 8.70%, respectively, within three trading days.
The honor of “Excellent Practice” is not only a recognition of the Company’s efforts in investor relations management and the transparency of information disclosure, but also an affirmation of its outstanding performance in the capital market and an incentive for future innovation in the Board’s work. The Company will continue to focus on its main responsibilities and business, emphasize value creation, adhere to lean management, and maintain a customer-oriented approach, striving for win-win outcomes with clients, employees, partners, and shareholders in its journey to become a world-class energy service company with Chinese characteristics.
