China Petroleum & Chemical : Operational Statistics for the First Half of 2020

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibilities for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 00386)

Operational Statistics for the First Half of 2020

This is an announcement voluntarily made by China Petroleum & Chemical Corporation (the "Sinopec Corp.") in connection with certain matters relating to the operational statistics for the first half of 2020 of Sinopec Corp.

The board of directors and all directors of Sinopec Corp. warrant that there are no false representations, misleading statements or material omissions contained in this announcement and severally and jointly accept full responsibility for the truthfulness, accuracy and completeness of the information contained herein.

Production	Unit	1H 2020	1H 2019	Change%
Oil and gas	mmboe	225.71	226.63	(0.4)
Crude Oil	mmbbls	140.27	141.68	(1.0)
China	mmbbls	124.05	124.05	0.0
Overseas	mmbbls	16.22	17.63	(8.0)
Natural Gas(Note 1)	bcf	512.40	509.50	0.6
Refinery Throughput(Note 2)	Million tonnes	110.95	123.92	(10.5)
Gasoline	Million tonnes	26.82	31.33	(14.4)
Diesel	Million tonnes	30.47	32.24	(5.5)
Kerosene incl. Jet Fuel	Million tonnes	9.90	15.37	(35.6)
Light Chemical Feedstock	Million tonnes	19.00	20.04	(5.2)
Ethylene	'000 tonnes	5,776	6,160	(6.2)
Synthetic Resins	'000 tonnes	8,376	8,429	(0.6)
Synthetic Fibers	'000 tonnes	573	633	(9.5)

1

Synthetic Rubbers	'000 tonnes	526	529	(0.6)
Total Domestic Sales Volume of	Million tonnes	77.75	91.77	(15.3)
Refined Oil Products
Retail	Million tonnes	52.50	60.06	(12.6)
Direct sales & Distribution	Million tonnes	25.24	31.72	(20.4)

Important Notice: The operational statistics for the first half of 2020 as listed in the above table are based on Sinopec Corp.'s current statistical survey. Sinopec Corp. will release its final operational statistics in its interim report, which may be different from, and in such cases shall prevail, the above.

Note 1: Natural gas production conversion rate is 1 cubic meter = 35.31 cubic feet

Note 2: Refinery throughput conversion rate is 1 tonne = 7.35 barrels

Note 3: The above table includes 100% of the production from domestic Joint Ventures.

By order of the Board

China Petroleum & Chemical Corporation

Huang Wensheng

Vice President, Secretary to the Board

Beijing, PRC

31 July 2020

As of the date of this announcement, directors of the Company are: Zhang Yuzhuo*, Ma Yongsheng#, Yu Baocai*, Liu Hongbin#, Ling Yiqun#, Li Yong*, Tang Min+, Fan Gang+, Cai Hongbin+, Ng, Kar Ling Johnny+

• Executive Director

* Non-executive Director

• Independent Non-executive Director

2