Stock Code: 600 759 securities referred to: Intercontinental Oil Bulletin Number: Provisional No. 2016-065 Intercontinental Petroleum Corp. Significant progress in asset restructuring announcement The Board of Directors and the Directors to ensure that this announcement does not contain any false, misleading statements or material omissions, and severally and jointly accept responsibility for the truthfulness, accuracy and completeness of the contents. Continental Oil Co., Ltd. (hereinafter referred to as the "Company") held the 69th meeting of the Board of Directors in the tenth July 6, 2016 considered and approved the matters relating to the major asset restructuring program adjustments, and disclosed the issue of shares buy assets and raise matching funds and Related Transaction plan (revised draft) and summaries and other relevant documents, and on July 8, 2016 in Shanghai Stock exchange "certificate e interaction on" network platform held investor briefings. By the company to apply to the Shanghai Stock Exchange, the company stock to resume trading was July 11, 2016. A major asset restructuring progress Currently, the company through the Shanghai Branch Otaki Chau Xin Energy Investment Co., Ltd. (hereinafter referred to as "Taki Chau Xin") matters Banks Company acquired the Republic of Albania has received antitrust department of the Antimonopoly Committee and approved by the Canadian government. The company Otaki Chau Xin Acquisition NCP Company has made the Republic of Kazakhstan approved by the Department of Energy, the Republic of Kazakhstan antitrust authorities approve acquisition of NCP matters still working process of handling. At present the company as well as the agency is stepping up this major asset restructuring of the underlying asset audit, evaluation and other work involved, and actively promote the Island waterfall after Shanghai Xin Energy Investment Co., Ltd. for the acquisition of overseas oil and gas assets, the relevant work is completed, the Board will reconvene to consider the proposals in this significant asset restructuring-related, and drew the shareholders' meeting. Second, special tips Major risk factors related to this transaction may involve the company disclosed on July 7, 2016 "Intercontinental Petroleum Company Limited issued shares to buy assets and raise matching funds and Related Transaction Plan (revised)" and still need to fulfill the approval process has been specified, drew investors to carefully read the contents. Designated media for information disclosure, "Shanghai Securities News", "China Securities News", "Securities Daily", "certificate