China Southern Oil announced that the company used 684 million yuan in cash to acquire 100% of CNPC Logistics's shares held by Nanjing Oil Transport, and the relevant bill has been reviewed and passed by the board of directors and the extraordinary shareholders' meeting. On October 12, 2026, the company signed an equity transfer agreement with Nanjing Oil Transport; on October 30, the company completed the industrial and commercial change registration procedure for CNPC Logistics's share transfer. CNPC Logistics has now become a wholly-owned subsidiary of the company and is included in the scope of the company's consolidated financial statements. The CNPC logistics entrustment management agreement previously signed by the company and Nanjing Petroleum Transportation was terminated simultaneously.

China Southern Oil announced that the company used 684 million yuan in cash to acquire 100% of CNPC Logistics's shares held by Nanjing Oil Transport, and the relevant bill has been reviewed and passed by the board of directors and the extraordinary shareholders' meeting. On October 12, 2026, the company signed an equity transfer agreement with Nanjing Oil Transport; on October 30, the company completed the industrial and commercial change registration procedure for CNPC Logistics's share transfer. CNPC Logistics has now become a wholly-owned subsidiary of the company and is included in the scope of the company's consolidated financial statements. The CNPC logistics entrustment management agreement previously signed by the company and Nanjing Petroleum Transportation was terminated simultaneously.