Sino Geophysical Co.Ltd(300191)
Securities code: 300191 securities abbreviation: Sino Geophysical Co.Ltd(300191) Announcement No.: 2022-003 Sino Geophysical Co.Ltd(300191)
Announcement on the resolution of the second meeting of the 5th board of directors
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
The second meeting of the Fifth Board of directors of Sino Geophysical Co.Ltd(300191) (hereinafter referred to as “the company”) was held at 10:00 on February 15, 2022 in the conference room of the company by means of on-site voting and communication voting. The meeting notice was sent on February 8, 2022 by means of personal notice and e-mail. The number of directors who should attend this meeting is 7, and the actual number of participants is 7. The meeting was held in accordance with relevant national laws, regulations and the articles of association.
The meeting was presided over by Mr. Zhou Jinming, chairman of the board. After full discussion and deliberation, the following resolutions were adopted at the meeting: first, the proposal on increasing capital to overseas wholly-owned company smart oil and signing major oil contracts with CNOOC was deliberated and adopted
Voting: 7 directors attended the meeting, with 7 votes in favor of the above proposals, 0 against and 0 abstention. It is agreed to increase capital by 18 million US dollars to smart Oil Investment Co., Ltd. (hereinafter referred to as “smart oil”) by stages through jinsinan Energy Co., Ltd. (BVI subsidiary), and it is agreed that smart oil will sign a product sharing contract with China National Offshore Oil Group Co., Ltd. – China Nanhai 22 / 05 contract area oil contract, which will become the exploration, development According to the provisions of the oil contract, smart oil enjoys 100% of the exploration rights and interests of the block within 6 years of the exploration period, and carries out seismic data acquisition, processing, comprehensive seismic interpretation, oil and gas evaluation, well location deployment and drilling. In addition, smart oil enjoys 49% of the exploitation rights and interests of any commercial oil and gas discovery in the contract area.
This proposal still needs to be submitted to the general meeting of shareholders for deliberation.
Sino Geophysical Co.Ltd(300191)
For details of this oil contract, please refer to the announcement of Sino Geophysical Co.Ltd(300191) Nanhai 22 / 05 major contracts on cninfo.com, the information disclosure website designated by the China Securities Regulatory Commission on the gem.
2、 The proposal on providing performance guarantee for overseas wholly-owned company smart oil was deliberated and adopted
Voting: 7 directors attended the meeting, with 7 votes in favor of the above proposals, 0 against and 0 abstention. In order to ensure the smooth performance of the oil contract in Nanhai 22 / 05 contract area, it is agreed that Sino Geophysical Co.Ltd(300191) as the actual controlling shareholder of smart oil, provides performance guarantee for smart oil, Sino Geophysical Co.Ltd(300191) will guarantee to CNOOC that the guaranteed smart oil will perform all obligations under the oil contract on time. It is expected that the exploration period will be 6 years, and the total amount of guarantee will not exceed US $18 million or the equivalent amount of RMB.
This proposal still needs to be submitted to the general meeting of shareholders for deliberation.
For details of Sino Geophysical Co.Ltd(300191) announcement on providing performance guarantee to overseas wholly-owned companies, please refer to cninfo.com, the information disclosure website designated by the China Securities Regulatory Commission on the gem.
3、 The proposal on convening the first extraordinary general meeting of shareholders in 2022 was deliberated and adopted
Voting: 7 directors attended the meeting, with 7 votes in favor of the above proposals, 0 against and 0 abstention. For details of the notice on convening the first extraordinary general meeting of shareholders in 2022, please refer to cninfo.com, the information disclosure website designated by the China Securities Regulatory Commission on the gem.
It is hereby announced.
Sino Geophysical Co.Ltd(300191) board of directors
February 15, 2022
