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about the Report Reporting EntityCNOOC Limited (\”the Company\” or \”we\”). Scope of the ReportCNOOC Limited and its subsidiaries. Please refer to the COOL Limited 2022 Annual Report disclosed in

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How to fill out an analysis of risk

01

Identify all potential risks associated with the project or activity.

02

Evaluate the likelihood of each risk occurring and the potential impact it could have.

03

Develop a risk management plan outlining strategies to mitigate or eliminate identified risks.

04

Assign responsibilities for managing and monitoring risks to appropriate team members.

05

Regularly review and update the risk analysis to ensure that new risks are identified and addressed.

Who needs an analysis of risk?

01

Businesses embarking on new projects or ventures.

02

Project managers and team leaders overseeing complex tasks.

03

Government agencies and organizations operating in high-risk environments.

04

Investors and stakeholders seeking to assess the potential risks associated with an investment.

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What is an analysis of risk?

An analysis of risk is a systematic process used to identify, assess, and prioritize risks associated with a project, investment, or business operation, enabling organizations to develop strategies to mitigate or manage these risks.

Who is required to file an analysis of risk?

Entities or organizations involved in activities that could pose financial or operational risks are typically required to file an analysis of risk, including businesses, financial institutions, and some public agencies.

How to fill out an analysis of risk?

To fill out an analysis of risk, gather relevant data on potential risks, assess the likelihood and impact of each risk, document findings, and propose mitigation strategies. This can involve using templates or software specifically designed for risk analysis.

What is the purpose of an analysis of risk?

The purpose of an analysis of risk is to identify potential obstacles that could impact the achievement of objectives, facilitate informed decision-making, and improve risk management practices to protect assets and enhance operational effectiveness.

What information must be reported on an analysis of risk?

An analysis of risk must report information such as identified risks, likelihood and impact ratings, the potential consequences, risk mitigation strategies, and the responsible parties for managing each risk.

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