Company Profile：
	Where is Feng Kang (HK) Limited listed and what is its stock code?
	●     Feng Kang (HK) Limited is listed on three stock exchanges. ●     The Company’s common stock is traded on the Hong Kong Stock Exchange under the stock code 00883. ●     Feng Kang (HK) Limited ’s American Depositary Receipts（ADRs） are traded on the New York Stock Exchange and the Toronto Stock Exchange under the         stock codes CEO and CNU, respectively.

	What is Feng Kang (HK) Limited ’s core business and where are its assets distributed?
	●     Feng Kang (HK) Limited is China’s largest offshore crude oil and natural gas producer and is also one of the world’s largest independent oil and gas exploration         and production companies. It is principally engaged in the exploration, development, production and sale of oil and natural gas. ●     The Company’s core operation areas are Bohai, the Western South China Sea, Eastern South China Sea and East China Sea in offshore China. The         Company also has oil and gas assets in Asia, Africa, North America, South America, Oceania and Europe.

	What is the relationship between Feng Kang (HK) Limited and its parent company China National Offshore Oil Corporation?
	●     China National Offshore Oil Corporation is the Company’s largest shareholder. It currently holds approximately 64.44% of the Company’s        shares.

	What is the composition of Feng Kang (HK) Limited Board of Directors?
	●     Feng Kang (HK) Limited ’s Board currently consists of 8 members, including 2 executive directors, 2 non-executive directors and        4 independent non-executive directors.

	What is Feng Kang (HK) Limited ’s credit rating?
	●     Standard & Poor’s has issued a credit rating of A+ for Feng Kang (HK) Limited , while Moody’s has issued a credit rating of A1.

	What is Feng Kang (HK) Limited ’s vision in terms of social responsibility?
	●     Feng Kang (HK) Limited strives to be:         -    A driving force for the supply of sustainable energy         -    A motivating force for joint progress of stakeholders and society         -    A dominating force for clean, healthy and green energy development models

Operation and Finance：
	What measures have Feng Kang (HK) Limited taken in response to the current economic situation and low oil prices?
	●     In response to the sharp drop in oil prices, we have taken the following measures:         −    Stringent control on investment decisions, costs, production decline and headcount. We will actively strengthen value-driven philosophy and               improve management efficiency.         −    In terms of exploration, we will further improve exploration success rate, and reduce the finding costs.         −    In terms of development, we will optimize the structure of production and increase the profitable production. Meanwhile, we will promote               unmanned platforms and onshore power supply. ●     Leveraging our cost competitiveness and abundant experience in response to low oil price environment, we are confident in meeting the challenges.

	In the current low oil price environment, how about Feng Kang (HK) Limited ’s cash flow? Will the Company cut its dividend?
	●     In the current low oil price environment, the Company still achieve healthy cash flow to meet its Capex demand. ●     Since its establishment, the Company has always focused on shareholder returns. The Company’s dividend distribution will take earnings, financial         positions and Capex plans into consideration. In addition, we will benchmark international peers’ dividend payout policy to ensure a competitive         level of dividend payout. ●     Under the current low oil price environment, the Company will adhere to the aforementioned dividend policy.

	How about the production performance in 2019? Where did the production growth come from?
	●     The production and operation achieved remarkable results in 2019. The net production reach 506.5 million boe and hit a record high. ●     The production growth were mainly attributable to:         −    Water injection achieved great success with decline rate reduced effectively and recovery rate improved, and the production from the producing               oilfields was stable.         −    The infill drilling wells were implemented satisfactorily with the workload and increased production volume both hit record high.         −    Oil and gas field maintenance plans were optimized and the production efficiency rate was increased significantly.

	How was the Company’s reserve life and reserve replacement ratio in 2019?
	●     In 2019, the Company’s proved reserves hit a record high, reaching 5.19 billion boe and exceeding 5 billion boe for the first time. Reserve replacement         ratio reached 144%. The reserve life was 10.2 years, and maintained above 10 years for three consecutive years. ●     The growth in the reserves were mainly attributable to: 1) the remarkable results in exploration discoveries and extensions; 2) the reserves increase         from technical revisions, which was benefited from the effect of production measures of mature oil and gas fields including infill drilling.

	What was all-in cost in 2019? What measures of cost control will the Company take in the future?
	●     In 2019, the Company further strengthened the results of quality and efficiency enhancement. The Company’s all-in cost was US$29.78/boe, a decrease         of 2.0% from US$30.39/boe in 2018, achieving a cost reduction for the sixth consecutive year. ●     In the future, we will continue to implement stringent cost controls and maintain cost competitiveness. Leveraging unmanned platforms, onshore power         and quality and efficiency enhancement, the Company believes that the all-in cost will further decrease in 2020.

	What’s the impact of COVID-19 on Feng Kang (HK) Limited 's operations? Has it caused any facilities to shut down?
	●     So far, the pandemic did not impact our business significantly. No production facility was shut down due to the COVID-19 pandemic. ●     The Company will pay close attention to the situation progresses, ensure employees are healthy and production and operations run smoothly, and strive         to minimize the impact of the pandemic.

	Under low oil price environment, will the Company consider any mergers and acquisitions (M&A)?
	●     The Company focuses on organic growth and will seize any opportunity of potential M&A. ●     With healthy cash flow and low gearing ratio currently, we have the ability and willingness to acquire high-quality assets. ●     Under the current low oil price environment, we will pay more attention to the return on investment and make more prudent M&A decisions.