SINOPEC Engineering (Group) Co., Ltd. announced that the board of directors of the Company update shareholders of the Company and potential investors with certain information in connection with the representative new contracts entered into by the Group for the three months end 31 March 2024, the total value of new contracts for the three months ended 31 March 2024 and the backlog as at 31 March 2024. During the three months ended 31 March 2024, the total value of new contracts entered into by the Group amounted to RMB 33.764 billion, representing an increase of 80.3% as compared to RMB18.728 billion for the three months ended 31 March 2023. As at 31 March 2024, the backlog of the Group amounted to RMB155.688 billion, representing an increase of 14.3% as compared to RMB136.262 billion as at 31 December 2023.

New contract value represents the value of the contracts the Group entered into during a specified period. The value of a contract is the amount that the Group expects to receive under the terms of the contract if the contract is performed in accordance with its terms. During the three months ended 31 March 2024, the total value of new contracts entered into by the Group amounted to RMB 33.764 billion, and contracts that are representative are as follows: an EPC contract entered into with North Huajin United Petroleum and Chemicals Co., Ltd. in relation to parts of units of the fine chemicals and feedstock projects for the residual oil hydrogenation and full density polyethylene units etc. with a total contract value of approximately RMB 3.439 billion; an EPC contract entered into with Levima Gerun (Shandong) Advanced Materials Co., Ltd. in relation to the DMTO units and the system supporting facilities of the integration project of new energy materials and biodegradable materials with a total contract value of RMB 2.995 billion; and a construction contract entered into with L&T Hydrocarbon Company in relation to the bidding section P1 GPT4 of Phase II of Jafurah Natural Gas Expansion Project of Saudi Aramco with a total contract value of approximately USD 161 million.