SINOPEC FINANCE CO., LTD.

Sinopec Finance Co., Ltd

Sinopec Finance Co., Ltd. (hereinafter referred to as "the company") is a non bank financial institution approved by the people's Bank of China, established on July 8, 1988, registered with the State Administration for Industry and Commerce and directly supervised by the China Banking Regulatory Commission.

Scale of development

The registered capital of the company is 10 billion yuan (including 60 million US dollars), 51% of which is contributed by Sinopec and 49% by SINOPEC. Headquartered in Beijing, the company has 9 branches in Shanghai, Nanjing, Guangzhou, Shandong, Zhengzhou, Wuhan, Chengdu, Xinjiang and Tianjin.

Nature of Business

The company can handle all local and foreign currency businesses listed in the measures for the administration of financial companies of enterprise groups, including: handling financial and financing consulting, credit authentication and related consulting and agency business for member units; assisting member units to realize the collection and payment of transaction funds; insurance agency business; providing guarantee for member units; handling entrusted loans and entrusted loans between member units Entrusted investment; bill acceptance and discount for member units; internal transfer settlement between member units and corresponding settlement and liquidation scheme design; absorbing deposits of member units; loans and financial leasing for member units; interbank lending; issuance of financial company bonds; underwriting corporate bonds of member units; equity investment in financial institutions; securities Securities investment; consumer credit, buyer's credit and financial leasing of member units' products. In addition, as the first pilot unit of foreign exchange settlement and sales of non bank financial institutions in China, the company can handle the foreign exchange settlement and sales of petrochemical group member units and the centralized collection and payment of foreign exchange funds.