HONG KONG SAR - Media OutReach - 13 January 2023 - Yanchang Petroleum International Limited ("Yanchang Petroleum International" or the "Company", together with its subsidiaries, the "Group"; Stock code: 346.HK) announced completion of the share subscription agreement with ChangAn HuiTong Investment (Hong Kong) Company Limited ("ChangAn HuiTong"), a wholly-owned subsidiary of Shaanxi Province State-owned Assets Supervision and Administration Commission ("Shaanxi SASAC"), under which ChangAn HuiTong subscribed for 3,667,009,346 new shares of the Company at a cash consideration of approximately HK$280,893,000.