Shanghai International Energy Exchange Center: Approved China Petroleum & Chemical Corporation Commercial Reserve Co., Ltd. to increase crude oil futures available storage capacity

Shanghai International Energy Exchange: Approval has been granted to Sinopec Petroleum Commercial Reserve Co., Ltd. to increase the operational storage capacity of its crude oil futures delivery warehouse located on the south side of Xinggang Avenue, Lingang Industrial Park, Zhanjiang City, Guangdong Province, from 600,000 cubic meters to 800,000 cubic meters. Approval has also been granted to Sinopec Petroleum Commercial Reserve Co., Ltd. to increase the operational storage capacity of its crude oil futures delivery warehouse located at No. 83 Binhai Avenue, Yangpu Economic Development Zone, Hainan Province, from 600,000 cubic meters to 800,000 cubic meters. Effective from the date of this announcement, Sinopec Petroleum Commercial Reserve Co., Ltd. should conduct all relevant futures delivery warehouse operations in accordance with the increased operational storage capacity, strictly comply with relevant regulations, strengthen management, and ensure the normal and orderly conduct of warehouse operations.