Investor Presentaiton
Risk Disclaimers
The net earnings from the restructuring of the
Transactions will only be determined after the
completion of the closing audit
Upon completion of the Transactions, PetroChina
Pipelines Co., Ltd., Pipeline Branch, and other
subsidiaries of the Company will no longer be
consolidated into the financial statements of the Group;
associated companies or joint ventures will no longer
apply the equity method for accounting
•
Upon completion of the Transactions, the
Company will be entitled to receive the
returns on the equity investment it has in
Pipe China and gain relatively stable long-
term return. However, due to changes in the
national pricing policy on oil and gas pipeline
transmission, downstream market demands
and other factors, the profitability of
Pipe China in the future is subject to
uncertainty
The Company and Pipe China have clarified
the rights, obligations and risk assumptions
of the reorganized pipeline asset
management after the Transactions in the
relevant agreement. However, there is still a
certain degree of uncertainty regarding the
specific implementation effect of the future
operation-related arrangements of the
reorganized pipeline assets
The Transactions are subject to certain closing conditions that can be fulfilled or
waived before implementation, including the general meeting, approval by relevant
government authorities, and review of regulatory agency. The Transactions still
have uncertainties
PetroChina
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