CHK Oil plans to acquire Zhejiang Dumei Electric Technology

• CHK Oil plans to acquire 100% of Zhejiang Dumei Electric Technology for an indicative RMB 15 million.
• The oil-and-gas equipment maker is owned by Hangzhou Dumei Holdings (70%) and Hangzhou Dumei Enterprise (30%).
• The framework agreement, signed October 20, 2026, calls for a definitive agreement by November 30, 2026, with final pricing subject to negotiation.
• A required RMB 2.25 million deposit will count toward the purchase price upon signing the definitive agreement.
• The buyer will assume responsibility for raising and allocating the target’s working capital from November 1, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CHK Oil Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261020-12376804), on October 20, 2026, and is solely responsible for the information contained therein.