Entity

Yanchang Petroleum Group (Hong Kong) Co., Ltd. (Chinese: 延長石油集團（香港）有限公司; commonly abbreviated as Yanchang HK) is a private limited company incorporated in Hong Kong on May 24, 2010, registered under Hong Kong Companies Registry incorporation number 1459153 (HK company number until December 27, 2023; new number: 52521216). It is the sole wholly-owned overseas subsidiary of Shaanxi Yanchang Petroleum (Group) Co., Ltd. and serves as the Group's core internationalisation platform.

Core Business Segments

Yanchang HK focuses on two core segments:

1. Overseas Investments

• Yanchang Petroleum International Ltd. (HKEX: 346.HK) — ~57.73% controlling stake; manages E&P assets in Canada and Cameroon and oil products distribution in China
• Guantian International Financial Leasing Co., Ltd. — 45% equity stake; industry-finance integration model
• Yanchang Rubber (Thailand) Co., Ltd. — 46.7% equity stake; overseas rubber supply chain
• KKR Private Equity Fund — 98.5% interest; energy technology and capital market exposure

Cumulative overseas investment across all vehicles totals approximately USD 730 million, with the portfolio oriented toward an "Energy + Industry + Finance" diversification model.

2. International Trade

• Primary offshore executor for Yanchang Group's crude oil procurement
• Since H2 2017: cumulative crude oil procurement of ~12.86 million metric tonnes, generating ~USD 5.74 billion in sales revenue
• Expanding into LNG and chemical products trading alongside crude oil operations

Key Financial Indicators (Group level, 2025)