China BlueChemical Ltd. (SEHK:3983) agreed to acquire CNOOC Orient Petrochemical Co., Ltd. from CNOOC Oil & Petrochemicals Co., Ltd. for approximately RMB 1300 million on June 30, 2022. The approval of the transaction by CNOOC, the approval of the transaction by the independent shareholders of the Company pursuant to the articles of association of the Company and relevant provisions of Listing Rules. Both parties shall procure, assist and cooperate with Orient Petrochemical to complete applicable registrations and filings with the relevant authority with respect to the Proposed Acquisition with 15 business days upon the satisfaction of all the conditions precedent set out above and the payment of First Installment Payment.

China BlueChemical Ltd. (SEHK:3983) cancelled acquisition of CNOOC Orient Petrochemical Co., Ltd. from CNOOC Oil & Petrochemicals Co., Ltd. on March 28, 2023.