PetroChina : Resolutions Passed at The Third Extraordinary General Meeting of 2020

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中國石油天然氣股份有限公司

PETROCHINA COMPANY LIMITED

(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 857)

RESOLUTIONS PASSED AT THE THIRD EXTRAORDINARY GENERAL MEETING OF 2020

The board of directors (the "Board") of PetroChina Company Limited (the "Company") is pleased to announce that the Company's third extraordinary general meeting of 2020 (the "EGM") was held in Beijing at 9 a.m. on 5 November 2020 and the resolutions set out below were duly passed.

Resolutions Passed at the Third Extraordinary General Meeting of 2020

We refer to the notice of the EGM dated 15 September 2020 (the "Notice"), the circular of the Company dated 15 September 2020 in relation to the EGM (the "Circular"), the supplemental notice of the EGM dated 20 October 2020 (the "Supplemental Notice"), and the supplemental circular of the Company dated 20 October 2020 in relation to the EGM (the "Supplemental Circular"), respectively. Unless otherwise defined herein, terms used in this announcement shall have the same meanings as defined in the Circular.

The Board is pleased to announce that the EGM was held at Beijing Talimu Petroleum Hotel, 5 Beishatan, Chaoyang District, Beijing, the PRC at 9 a.m. on 5 November 2020.

The meeting was convened by the Board, and was chaired by Mr. Li Fanrong, the Vice Chairman of the Company. Some of the Company's Directors, Supervisors and senior management attended the EGM. The EGM was legally and validly convened in compliance with the requirements of the Company Law of the PRC and the Articles of Association.

At the EGM, the following ordinary resolutions were considered and approved by way of poll, and the poll results of the votes are as follows:

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	Resolutions	For		Against	Abstain
		Number of votes	Percentage	Number of votes	Percentage	Number of votes	Percentage
		cast	(%)	cast	(%)	cast	(%)
1.	To consider and	5,112,690,834	64.702625	2,789,119,491	35.297138	18,700	0.000237
	approve the following
	resolution in respect of
	continuing connected
	transactions:
	"THAT, as set out in the
	circular dated 15
	September 2020 issued
	by the Company to its
	shareholders (the
	"Circular"): the New
	Comprehensive
	Agreement entered into
	between the Company
	and China National
	Petroleum Corporation
	be and is hereby
	approved, ratified and
	confirmed and the
	execution of the New
	Comprehensive
	Agreement by Mr. Chai
	Shouping for and on
	behalf of the Company
	be and is hereby
	approved, ratified and
	confirmed; Mr. Chai
	Shouping be and is
	hereby authorised to
	make any amendment to
	the New Comprehensive
	Agreement as he thinks
	desirable and necessary
	and to do all such
	further acts and things
	and execute such further
	documents and take all
	such steps which in his
	opinion may be
	necessary, desirable or
	expedient to implement
	and/or give effect to the
	terms of such
	transactions; and the
	Non-Exempt
	Continuing Connected
	Transactions and the
	proposed annual caps of
	the Non Exempt
	Continuing Connected
	Transactions under the
	New Comprehensive
	Agreement, which the
	Company expects to
	occur in the ordinary
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	and usual course of
	business of the
	Company and its
	subsidiaries, as the case
	may be, and to be
	conducted on normal
	commercial terms, be
	and are hereby generally
	and unconditionally
	approved."
2.	To consider and	154,346,101,663	99.716982	422,616,648	0.273036	15,449,850	0.009982
	approve the election of
	Mr. Lv Bo as a
	supervisor of the
	Company.

As the above resolutions were passed by a simple majority, these resolutions were duly passed as ordinary resolutions.

As at the date of the EGM:

1. The first resolution is in relation to connected transactions. The controlling shareholder of the Company, China National Petroleum Corporation, being a connected person of the Company, together with its associates abstained from voting in respect of the first resolution. Thus their relevant Shares as 146,882,339,136 A Shares and 291,518,000 H Shares were not calculated into the poll results in respect of the first resolution.
2. The total number of Shares entitling the holders to attend and vote for or against the resolution 1 set out above at the EGM: 35,847,120,682 Shares comprising 15,039,738,682 A Shares and 20,807,382,000 H Shares. The issued share capital of the Company and total number of Shares entitling the holders to attend and vote for or against the resolution 2 set out above at the EGM: 183,020,977,818 Shares comprising 161,922,077,818 A Shares and 21,098,900,000 H Shares.
3. Information on the Shareholders and proxies who attended and voted at the EGM is as follows:

Number of Shareholders or proxies who	118
attended and voted at the EGM
Total number of voting shares of the	154,784,168,161
Company held by such attending Shareholders
or proxies
of which: A Shares	148,476,621,914
H Shares	6,307,546,247
Percentage of such voting shares of the	84.571818
Company held by such attending Shareholders
or proxies, as compared with the total number
of voting shares of the Company (%)
of which: A Shares (%)	81.125466
H Shares (%)	3.446352
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1. There were no Shares of the Company entitling the holders to attend and vote only against the resolutions at the EGM or that are required to abstain from voting.
2. The poll results were subject to scrutiny by Wang Qiuya and Fan Kun, representatives of holders of A Shares, Lu Yaozhong, Supervisor of the Company, Gao Yimin of King & Wood Mallesons and Hong Kong Registrars Limited. Hong Kong Registrars Limited acted as the scrutineer for the vote- counting.

By order of the Board

PetroChina Company Limited

Company Secretary

Chai Shouping

Beijing, China

5 November 2020

As at the date of this announcement, the Board comprises Mr. Dai Houliang as Chairman; Mr. Li Fanrong as Vice Chairman and non-executive Director; Mr. Liu Yuezhen, Mr. Jiao Fangzheng and Mr. Huang Yongzhang as non-executive Directors; Mr. Duan Liangwei as executive Director; and Ms. Elsie Leung Oi-sie, Mr. Tokuchi Tatsuhito, Mr. Simon Henry, Mr. Cai Jinyong and Mr. Jiang, Simon X. as independent non-executive Directors.

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