Kunlun Energy : SUMMARY OF FINANCIAL STATEMENT OF PETROCHINA KUNLUN GAS CO., LTD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY FOR THE YEAR ENDED 31 DECEMBER 2020 (AUDITED)

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KUNLUN ENERGY COMPANY LIMITED

(incorporated in Bermuda with limited liability)

昆 侖 能 源 有 限 公 司

(Stock Code: 00135.HK)

SUMMARY OF FINANCIAL STATEMENT OF

PETROCHINA KUNLUN GAS CO., LTD.,

1. WHOLLY-OWNEDSUBSIDIARY OF THE COMPANY FOR THE YEAR ENDED 31 DECEMBER 2020 (AUDITED)

This is a voluntary announcement made by Kunlun Energy Company Limited (the "Company" and, together with its subsidiaries, the "Group").

Pursuant to the relevant rules and regulations in the PRC, the financial statements and the financial statements of the year ended 31 December 2020 (audited) of PetroChina Kunlun Gas Co., Ltd. ("Kunlun Gas") shall be published on the websites of ChinaMoney (http://www.chinamoney.com.cn) and Shanghai Clearing House (http://www.shclearing.com).

Set out below are the key financial figures of the Kunlun Gas Financials:

	Year ended 31 December
	2020	2019
	(RMB' million)	(RMB' million)
	(audited)	(audited)
Revenue	75,368	68,264
Net Profit	4,146	3,289

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	As at	As at
	31 December	31 December
	2020	2019
	(RMB' million)	(RMB' million)
	(audited)	(audited)
Total assets	65,775	57,230
Total liabilities	34,984	31,095

The financial statement of the year ended 31 December 2020 (audited) of Kunlun Gas has been prepared in accordance with the PRC Generally Accepted Accounting Principles, which may require adjustment during the course of auditing. The information is solely limited to the financial information of Kunlun Gas (including its 51% equity interests in PetroChina Jingtang LNG Co., Ltd. (also known as Jingtang LNG Terminal) and sales of LPG), and therefore does not provide a full picture of the operation and status of the Group nor reflect the performance of the natural gas sales segment of the Group.

Shareholders and potential investors should exercise caution when dealing in the securities of the Company and should not rely solely on such information.

By order of the Board

KUNLUN ENERGY COMPANY LIMITED

Fu Bin

Chairman

Hong Kong, 30 April 2021

As at the date of this announcement, the Board of Directors comprises Mr. Fu Bin as the Chairman and Executive Director, Mr. Qian Zhijia as the Chief Executive Officer and Executive Director, Mr. Zhou Yuanhong as Executive Director, Mr. Miao Yong as Chief Financial Officer and Executive Director, and Dr. Liu Xiao Feng, Mr. Sun Patrick and Mr. Tsang Yok Sing Jasper as Independent Non-Executive Directors.

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