The company expressed "regret" for violating the rules, adding it will be more cautious in disclosing corporate information in the future.

The HKSE said it was issuing a "public censure" because CNOOC Ltd had breached the listing rules for making profit forecasts and placing deposits at a unit of its parent without approval from independent shareholders.

During teleconferences with financial analysts, fund managers and the media on 28 July 2003, the company made a forecast for its nine-month profit on 25 October 2002 and revealed expectations of dividends.

During