高质量的中海油招股书(1)

IfyouareinanydoubtaboutthisProspectus,youshouldconsultyourstockbroker,bankmanager,solicitor,professionalaccountantorotherprofessionaladviser.*(incorporatedinthePeople’sRepublicofChinaasajointstocklimitedliabilitycompany)GLOBALOFFERINGNumberofOfferShares:1,334,652,000HShares(subjecttoadjustment)NumberofHongKongOfferShares:133,466,000HShares(subjecttoadjustment)NumberofNewPlacingShares:1,079,854,000HShares(subjecttoadjustment)NumberofSaleShares:121,332,000HShares(subjecttoadjustment)OfferPrice:notmorethanHK$1.70perOfferSharepayableinfullonapplicationsubjecttorefundonfinalpricingNominalvalue:Rmb1.00eachStockCode:2883JointGlobalCoordinatorsandJointBookrunnersCreditSuisseFirstBostonMerrillLynch&Co.JointSponsorsCreditSuisseFirstBoston(HongKong)LimitedMerrillLynchFarEastLimitedCo-ManagersBNPParibasPeregrineSecuritiesLimitedBOCIAsiaLimitedCITICCapitalMarketsLimitedICEACapitalLimitedTheStockExchangeofHongKongLimitedandHongKongSecuritiesClearingCompanyLimitedtakenoresponsibilityforthecontentsofthisProspectus,makenorepresentationastoitsaccuracyorcompletenessandexpresslydisclaimanyliabilitywhatsoeverforanylosshowsoeverarisingfromorinrelianceuponthewholeoranypartofthecontentsofthisProspectus.AcopyofthisProspectus,havingattachedtheretothedocumentsspecifiedinthesectionheaded“DocumentsDeliveredtotheRegistrarofCompanies”inAppendixVIIItothisProspectus,hasbeenregisteredbytheRegistrarofCompaniesinHongKongasrequiredbysection342CoftheCompaniesOrdinance,Chapter32oftheLawsofHongKong.TheSecuritiesandFuturesCommissionofHongKongandtheRegistrarofCompaniesinHongKongtakenoresponsibilityastothecontentsofthisProspectusoranyoftheotherdocumentsreferredtoabove.TheOfferPriceisexpectedtobefixedbyagreementamongtheJointGlobalCoordinators,onbehalfoftheUnderwriters,CNOOC,asasellingShareholder,andusonthePriceDeterminationDate.ThePriceDeterminationDateisexpectedtobeonoraboutNovember15,2002and,inanyevent,notlaterthanNovember18,2002.TheOfferPricewillfallwithintheOfferPricerangeinthisProspectusunlessotherwiseannounced,asexplainedbelow.ApplicantsapplyingforHongKongOfferSharesmustpay,onapplication,themaximumOfferPriceofHK$1.70perHongKongOfferShare,togetherwithbrokeragefeeof1.0%,StockExchangetradingfeeof0.005%andSFCtransactionlevyof0.007%,subjecttorefundiftheOfferPriceshouldbelowerthanHK$1.70.TheJointGlobalCoordinators,onbehalfoftheUnderwriters,may,withtheconsentofCNOOC,asasellingShareholder,andus,reducethenumberofOfferSharesand/ortheindicativeOfferPricerange(whichisHK$1.40toHK$1.70perHongKongOfferShare)belowthatwhichisstatedinthisProspectusatanytimepriortothemorningofthelastdayforlodgingapplicationsundertheHongKongPublicOffering.Insuchacase,noticesofthereductioninthenumberofOfferSharesand/ortheindicativeOfferPricerangewillbepublishedintheSouthChinaMorningPost(inEnglish)andtheHongKongEconomicTimes(inChinese)notlaterthanthemorningofthedaywhichisthelastdayforlodgingapplicationsundertheHongKongPublicOffering.IfapplicationsforHongKongOfferShareshavebeensubmittedpriortothedaywhichisthelastdayforlodgingapplicationsundertheHongKongPublicOffering,thenevenifthenumberofOfferSharesand/ortheindicativeOfferPricerangeissoreduced,suchapplicationscannotbesubsequentlywithdrawn.Furtherdetailsaresetoutinthesectionsheaded“StructureoftheGlobalOffering”and“HowtoapplyforHongKongOfferShares”inthisProspectus.If,foranyreason,theOfferPriceisnotagreedamongtheJointGlobalCoordinators,onbehalfoftheUnderwriters,CNOOC,asasellingShareholder,andusbyNovember18,2002,theGlobalOffering(includingtheHongKongPublicOffering)willnotproceed.WeareincorporatedinthePeople’sRepublicofChina(“PRC”)andourbusinessesarelocatedinthePRC.Potentialinvestorsshouldbeawareofthedifferencesinthelegal,economicandfinancialsystemsbetweenthemainlandofthePRCandHongKong,andthattherearedifferentriskfactorsrelatingtoinvestmentsinPRC-incorporatedcompanies.PotentialinvestorsshouldalsobeawarethattheregulatoryframeworkinthePRCisdifferentfromtheregulatoryframeworkinHongKongandshouldtakeintoconsiderationthedifferentmarketnatureofourShares.SuchdifferencesandrisksaresetoutinAppendixV“SummaryofPrincipalLegalandRegulatoryProvisions”andthesectionheaded“RiskFactors—RisksrelatingtothePRC,”respectively.TheobligationsoftheHongKongUnderwritersundertheHongKongUnderwritingAgreementtosubscribefor,andprocureapplicantsforthesubscriptionfor,theHongKongOfferShares,aresubjecttoterminationbytheJointGlobalCoordinators(onbehalfoftheUnderwriters)ifcertaingroundsarisepriorto8:00a.m.onthedaythattradingintheHongKongOfferSharescommencesontheStockExchange.Suchgroundsaresetoutinthesectionheaded“Underwriting”inthisProspectus.Itisimportantthatyourefertothatsectionforfurtherdetails.*ForidentificationpurposesonlyIMPORTANTRule11.07A1A1A1A5A1A15(2)(a)A1A15(2)(c)3rdSch(9)3rdSch(2)Rule10.06(1)(b)(xi)S342C(1)S342C(2)(b)S342C(2)(a)A1A63S342(1)November11,2002LatesttimetolodgewhiteandyellowApplicationForms.........................................................12:00noononThursday,November14,2002LatesttimetogiveelectronicapplicationinstructionstoHKSCC(2)................