About SINOPEC KANTONS Company

Sinopec Guande Holdings Limited (hereinafter referred to as “Guande Holdings”) was established in March 1998 in Baimuta and successfully listed on the Hong Kong Stock Exchange on June 25, 1999 (stock code: 00934). Currently, the total share capital of Guande Holdings is 2.48616 billion shares, of which Sinopec Guande International Co., Ltd. (hereinafter referred to as “Guande International”) holds 1.5 billion shares, accounting for 60.34%, and the public holds 0.98616 billion shares, accounting for 39.66%. Meanwhile, 100% of Guande International's shares are held by China International Petrochemical Joint Co., Ltd., a wholly-owned subsidiary of China Petroleum & Chemical Corporation (hereinafter referred to as “Sinopec”). Guande Holdings is a warehousing, logistics and trading company with 2 wholly-owned subsidiaries: Economic & Trade Guande Development Co., Ltd. and Guande International Investment Co., Ltd. The main business includes handling, storage and transportation of petroleum and petrochemical products; ship transportation of liquefied natural gas, petroleum trade, etc. Guande Holdings is Sinopec's only red-chip subsidiary listed in Hong Kong, China, and is an important example of the diversification of Sinopec's capital. In 2010, the board of directors of the company determined the company's new development position, which is to develop Guande Holdings into a “first-class international petrochemical warehousing and logistics company.” With the strong support of Sinopec and after a period of hard work and development, up to now, Guande Holdings owns a total of 7 domestic wholly-owned or joint venture warehousing terminal companies. Among them, one wholly-owned holding company is Huizhou Daya Bay Huade Petrochemical Co., Ltd.; a joint venture holding 90% share ratio, namely Tangshan Caofeidian Shihua Crude Oil Terminal Co., Ltd.; and five joint ventures with 50% share ratio, namely: Zhanjiang Port Petrochemical Terminal Co., Ltd., Ningbo Shihua Crude Oil Terminal Co., Ltd., Qingdao Shihua Crude Oil Terminal Co., Ltd., Rizhao Shihua Crude Oil Terminal Co., Ltd., and Tianjin Port Shihua Crude Oil Terminal Co., Ltd. In addition, it also has 3 overseas warehousing projects, of which Vesta is a warehousing company that has already been put into operation; the other two are new petrochemical product storage projects, located in Fujairah, UAE, and Batam, Indonesia, respectively. The company is also involved in the liquefied natural gas shipping business, has 2 LNG shipping joint ventures, and plans to invest in the construction of 10 natural gas carriers. Related shipbuilding work has been carried out smoothly. Looking to the future, the company will continue to adhere to the business philosophy of competition and openness, adhere to the business purpose of maximizing the company's profits and maximizing shareholder returns, and strive to make Guande Holdings an international storage, transportation and trading company with outstanding main business, excellent assets, scientific management, strict finance, and strong competitiveness.