Sinopec Kantons is the sole red-chip listed subsidiary of China Petroleum & Chemical Corporation ("Sinopec", stock code: 0386). It is principally engaged in operating crude oil loading and unloading, storage and transportation facilities and LNG shipping and is committed to becoming "A World-class International Petrochemical Storage & Logistics Company". Currently, Sinopec Kantons holds seven wholly-owned or jointly-held domestic terminal companies, including one wholly-owned subsidiary - Huade Petrochemical Co., Ltd., one 90%-owned joint venture - Caofeidian Shihua, and five 50%-owned joint ventures or associate - Zhanjiang Port Terminal, Ningbo Shihua, Qingdao Shihua, Rizhao Shihua and Tianjin Shihua. The Company is also engaged in overseas petrochemical storage business, namely Vesta and Fujairah Oil Terminal. The company also operates 8 LNG vessels through owing two LNG shipping joint ventures.

Disclaimer

This press release includes "forward-looking statements". All statements, other than statements of historical facts that address activities, events or developments that the Group expects or anticipates will or may occur in the future (including but not limited to projections, targets, other estimates and business plans) are forward-looking statements. The Group's actual results or developments may differ materially from those indicated by these forward-looking statements as a result of various factors and uncertainties, including but not limited to the price fluctuation, possible changes in actual demand, foreign exchange rate, market shares, competition, environmental risks, possible changes to laws, finance and regulations, conditions of the global economy and financial markets, political risks, possible delay of projects, government approval of projects, cost estimates and other factors beyond the Group's control. In addition, the Group makes the forward-looking statements referred to herein as of today and undertakes no obligation to update these statements.

Investor and Media Enquiries:

Sinopec Kantons Holdings Limited

Tel: (852) 2508 0228

E-mail: ir@sinopec.com.hk

PRChina Limited

Ms. Joanne Liu /Ms. Rachel Xia

Tel: (852) 2522 1838

Fax: (852) 2521 9955

E-mail: sinopeckantons@prchina.com.hk

26/08/2021 Dissemination of a Marketing Press Release, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. Media archive at www.todayir.com

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(END) Dow Jones Newswires

August 25, 2021 22:22 ET (02:22 GMT)