Sinopec Corp. jointly establish Sinopec Capital with 10 billion RMB initial paid-in registered capital.

Sinopec Capital seizes strategic opportunities through financial investments. We strategically focus on emerging industries including new energy, new material, advanced intelligent manufacturing, energy conservation and environmental protection，big data and artificial intelligence. We serve as Sinopec’s new engine to foster new momentum for transformation and sustainable development.

Sinopec Capital establishes a professional investment team with the corporate culture of “entrepreneurship, innovation, value creation”. We adopt the international prevailing managing director (MD) system, recruit globally and set up a mandatory employee follow-up investment mechanism which indicates shared benefits and risks.

Three funds will be set up by phases, namely emerging industry fund, mixed-ownership reform fund and innovation fund, as well as specific funds for major projects. We prospect our globalization with high starting point and aim to set up investment teams in Hong Kong, the United States, the United Kingdom, Japan and Singapore.

We lay our credit and resources foundation for the company’s future development by leveraging impressive assets, funds, industry value chains and client resources from the Sinopec, as well as our distinguished brand, talent, capital and technology advantages. We sincerely wish to cooperate with both domestic and foreign partners to jointly build a bright future.