China Oilfield Services Limited (the “Company”, stock code: 02883) has announced that COSL Singapore Capital Ltd. (“Issuer”), a wholly-owned indirect subsidiary, is planning an international offering of guaranteed notes (the “Notes”) under Regulation S. These Notes will be unconditionally and irrevocably guaranteed by the Company, with no public offering in Hong Kong.

Completion of this proposed issuance depends on market conditions and investor interest. The Company indicates that the offering terms, including aggregate principal amount, offer price, distribution rate, and maturity date, are yet to be finalized. An application has been submitted to The Stock Exchange of Hong Kong Limited for the listing of the Notes by way of debt issues to professional investors only.

According to the announcement, net proceeds from the offering will be chiefly used to refinance existing indebtedness and for general corporate activities, following applicable PRC laws and regulations. However, the Notes may or may not materialize, as no binding agreement has been signed. The Company advises potential investors and shareholders to exercise caution when dealing in its securities.