1.PRACTICING PEOPLE-ORIENTED PHILOSOPHY

Adhering to the “people-oriented philosophy” , COOEC strictly complies with the requirements of Labor Law, Labor Contract Law and relevant policies and regulations, as well the elimination of discrimination in respect of employment and occupation and other international conventions approved by Chinese government. The Company has formulated and implemented the Employment and Recruitment Management Measures, Management Measures for Overseas Employees and other regulations and rules to enhance the prevention and control of employment risks, ensuring that recruitment and employment management are conducted in compliance with laws and regulations.

The Company strictly adheres to the national Provisions on the Prohibition of Using Child Labor and legal requirements for prohibition of using child labor in the countries and regions of the business, firmly prohibiting the recruitment and use of child labor. During the reporting period, no cases of child labor were found to exist. In strict accordance with the labor regulations, the Company also abides by local regulations regarding labor remuneration, working hours, rest and vacation, and mandated benefits, prohibiting forced labor. During the reporting period, no cases of forced labor were found to exist.

2.COLLABORATING WITH PARTNERS FOR MUTUAL SUCCESS

COOEC firmly believes that cooperation and win-win are the unavoidable routes of corporate development. The Company closely cooperates with suppliers, customers and other partners constantly, to create more commercial values and social benefits together.

3.BEARING SOCIAL RESPONSIBILITIES

COOEC studied and applied the experience of “thousand and ten thousand” projects, firmly bore the mission responsibilities, striving to create a new scene of the Company to comprehensively promote the rural revitalization. Based on the key points of annual rural revitalization of CNOOC, the Company constantly consolidates the effect of regional targeted assistance, pairing assistance in Tibet and assistance in Hope Primary Schools, trying constantly to improve the standards and methods.

4.PROMOTE REGIONAL DEVELOPMENT

Adhering to the core concept of actively integrating national regional development strategy, the Company pursues the mission to promote the regional development with practical action, and drive the regional economic prosperity, industrial upgrade, scientific and technological innovation and talent cultivation.