Kunlun Energy : SUMMARY OF FINANCIAL STATEMENT OF PETROCHINA KUNLUN GAS CO., LTD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY FOR THE SIX MONTHS ENDED 30 JUNE 2020 (UNAUDITED)

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(Stock Code: 00135.HK)

SUMMARY OF FINANCIAL STATEMENT OF

PETROCHINA KUNLUN GAS CO., LTD.,

1. WHOLLY-OWNEDSUBSIDIARY OF THE COMPANY FOR THE SIX MONTHS ENDED 30 JUNE 2020 (UNAUDITED)

This is a voluntary announcement made by Kunlun Energy Company Limited (the "Company" and, together with its subsidiaries, the "Group").

Pursuant to the relevant rules and regulations in the PRC, the financial statements and the financial statements of the six months ended 30 June 2020 (unaudited) of PetroChina Kunlun Gas Co., Ltd. ("Kunlun Gas") shall be published on the websites of ChinaMoney (http://www.chinamoney.com.cn) and Shanghai Clearing House (http://www.shclearing.com).

Set out below are the key financial figures of the Kunlun Gas Financials:

	Six months ended 30 June
	2020	2019
	(RMB' million)	(RMB' million)
	(unaudited)	(unaudited)
Revenue	32,332	32,385
Net Profit	1,825	1,802
	As at 30 June 2020	As at 31 December
	(RMB' million)	2019
	(unaudited)	(RMB' million)
		(audited)
Total assets	57,957	57,230
Total liabilities	29,953	31,095

The financial statement of the period ended 30 June 2020 (unaudited) of Kunlun Gas has been prepared in accordance with the PRC Generally Accepted Accounting Principles, which may require adjustment during the course of auditing. They are limited solely to Kunlun Gas and do not represent or provide a full picture of the operation or status of the Group.

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Shareholders and potential investors should exercise caution when dealing in the securities of the Company and should not rely solely on such information.

By order of the Board

KUNLUN ENERGY COMPANY LIMITED

LING Xiao

Chairman

Hong Kong, 31 August 2020

As at the date of this announcement, the Board of Directors comprises Mr. Ling Xiao as the Chairman and Executive Director, Mr. Zhao Yongqi as the Chief Executive Officer and Executive Director, Mr. Zhou Yuanhong as Executive Director, Mr. Miao Yong as Chief Financial Officer and Executive Director, and Dr. Liu Xiao Feng, Mr. Sun Patrick and Mr. Tsang Yok Sing Jasper as Independent Non-Executive Directors.