Reference is made to the notice of annual general meeting of PetroChina Company Limited (the “Company”) dated 28 March 2008 (the “AGM Notice”) for the annual general meeting to be held on 15 May 2008 (the “AGM”) which contains the resolutions to be considered before the AGM.

During the reporting period, the aviation market has seen steady growth in demand, and the Group persevered with the strategic transformation toward an internationalized airline with network economy. The Company dealt with pressures resulted from soaring jet fuel prices by enhancing the operating efficiency of its principal businesses and reinforcing its control over costs. During the reporting period, the growth rate of the traffic volume was significantly higher than that of capacity, and the growth rate of operating revenue was also higher than that of operating costs and capacity, leading to a remarkable improvement of operating efficiency. The gain from exchange as a result of the appreciation of Renminbi has further improved the Company’s performance.

During the reporting period, the booming domestic aviation market directly led to the rapid development momentum of the air transportation business. The exchange rate of Renminbi against major currencies such as the US dollar continued to appreciate. Under the precondition of ensuring flight safety, the Group continued to improve its corporate governance and business model. However, due to fierce competition in the industry and skyrocketing fuel prices, the Group was faced with comparatively significant cost pressures. The Group dealt with such pressures resulting from high fuel prices by optimizing the structure of flight routes and the composition of fleet, increasing its overall revenue, taking a series of fuel-saving measures and utilizing financial derivatives. In order to cope with the soaring jet fuel prices, the Group continued to reinforce financial budget management and cost control. It also improved the performance-assessment-by-objective mechanism geared towards operating efficiency of the flight routes network. All of these helped to realize a satisfactory improvement in operating standards and results benchmarks of the Company

On 18 April 2008 (after trading hours), Xiamen Airlines and Boeing entered into the Boeing Aircraft Acquisition Agreement, pursuant to which Xiamen Airlines agreed to purchase the Boeing Aircraft from Boeing in accordance with the terms and conditions thereof.

Reference is made to the Company's announcement dated 27 August 2004. The unaudited accumulated premiums income of the Company for the period from 1 January 2008 to 31 March 2008 was about RMB102.2 billion. The figure is to be released on CIRC's website at www.circ.gov.cn.

Based on the Company’s preliminary statistics, as of 31 March 2008, the Company’s total power generation based on a consolidated basis amounted to 46.103 billion kWh, an increase of 18.62% over the same period last year. The power generation of Yingkou Power Plant, Yuhuan Power Plant, Weihai Power Plant, Shanghai Shidongkou Second Power Plant, Changxing Power Plant, Luohuang Power Plant, Dezhou Power Plant increased significantly as compared to the same period last year. The increase in power generation of the Company’s power plants was mainly attributable to the following reasons:

As far as I know, the China Finance Minister announced in 15th that they will reture part of import tariffs paid by SINOPEC and CNPC for some predetermined oil products from 1st April to 30th June.

It is a new policy to assist oil producer in China, issued by Ministry of Finance People's Republic of China. Unfortunately, there is no English version yet. The content official from document is:

NOTICE IS HEREBY GIVEN that the annual general meeting (“Annual General Meeting”) of China Petroleum & Chemical Corporation (“Sinopec Corp.”) for the year 2007 will be held by way of physical meeting at Crowne Plaza Beijing Wuzhou, No.8, Beichendong Road, Chaoyang District, Beijing, China on Monday, 26 May 2008 at 9 a.m. for the following purposes:

The board of directors (the “Board”) of China Eastern Airlines Corporation Limited (the “Company”) announces the audited consolidated financial results of the Company and its subsidiaries (collectively, the “Group”) prepared under IFRS for the year ended 31 December 2007 with comparative figures for the corresponding year of 2006 as follows:

Momentum to loose steam
According to its announcement in 26th March, CNOOC realized an increase in both the total revenue and net income; however, the growing momentum is not so strong compared to previous years.