SINOPEC Engineering : VOLUNTARY ANNOUNCEMENT - ENTERING INTO A CONTRACT FOR HUIZHOU CHEMICAL COMPLEX PROJECT (PHASE I) WITH EXXONMOBIL
April 11, 2021 at 08:03 pm EDT
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中 石 化 煉 化 工 程 ( 集 團 ) 股 份 有 限 公 司
SINOPEC Engineering (Group) Co., Ltd.*
(a joint stock limited liability company incorporated in the People's Republic of China)
(Stock Code: 2386)
VOLUNTARY ANNOUNCEMENT
ENTERING INTO A CONTRACT FOR HUIZHOU CHEMICAL
COMPLEX PROJECT (PHASE I) WITH EXXONMOBIL
This is a voluntary announcement made by SINOPEC Engineering (Group) Co., Ltd. (the "Company", together with its subsidiaries, the "Group").
The Company is pleased to announce that, on 9 April 2021, the Group and ExxonMobil (Huizhou) Chemical Co., Ltd. (the "EMHCC") entered into a BEPC (basic design, engineering, procurement and construction) contract (the "Contract") for the proposed Huizhou Chemical Complex Project (Phase I) (the "Project"). Under the Contract, the Group will provide EMHCC with BEPC services for the Project. The main scope of the services includes the basic design, engineering, procurement and construction of all the process units, utilities and infrastructures. The contract value is estimated to be multi- billion USD.
EMHCC is a wholly-owned subsidiary established by Exxon Mobil Corporation ("ExxonMobil") in China. ExxonMobil is one of the world's largest energy providers and chemical manufacturers.
The Project, which remains subject to final investment decision, will be located in Daya Bay Petrochemical Park, Huizhou, Guangdong, China. The main units of the Project include a 1.6 million tonnes/year ethylene flexible feed steam cracker, downstream polymer and derivative units and utilities. The main product units include two performance polyethylene lines and two differentiated performance polypropylene lines.
For identification purposes only.
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The board of directors (the "Board") of the Company wishes to emphasize that the Contract and the estimated value of the Contract mentioned above have not yet counted as a newly signed contract and have not yet been included in the backlog of the Group, and shall not constitute any forecast or prediction of the profits of the Group. Shareholders and potential investors are advised to exercise caution when dealing in the Shares of the Company.
By order of the Board
SINOPEC ENGINEERING (GROUP) CO., LTD.
JIA Yiqun
Chief Financial Officer, Company Secretary
Beijing, the PRC
12 April 2021
As at the date of this announcement, directors of the company are: SUN Lili#, XIANG Wenwu#, JIANG Dejun#, WU Wenxin*, HUI Chiu Chung, Stephen+, JIN Yong+ and YE Zheng+.
Executive Directors
Non-executiveDirector
Independent non-executive Directors
This announcement is available on the website of Hong Kong Exchanges and Clearing Limited (www.hkex.com.hk) and on the website of the Company (www.segroup.cn).
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Sinopec Engineering Group Co. Ltd. published this content on 12 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 April 2021 00:02:04 UTC.
SINOPEC Engineering (Group) Co., Ltd. is principally engaged in engineering, procurement and construction (EPC) contracting business. The Company operates its business through four segments. The Engineering, Consulting and Licensing segment is engaged in the provision of design, consulting, research and development, feasibility studies, compliance certification services to oil refining and chemical industries. The EPC Contracting segment is engaged in the provision of integrated engineering, procurement, construction, maintenance and project management services. The Construction segment is engaged in the provision of construction, renovation, expansion, repair and maintenance services and large equipment lifting and transportation services in construction projects. The Equipment Manufacturing segment is engaged in the design, development, manufacture and sales of oil refining equipment and spare parts for facilities including oil refining and chemical facilities.
SINOPEC ENGINEERING (GROUP) CO., LTD. 
