Relationship between Sinopec Sales Company and Sinopec

China Petrochemical Sales Co., Ltd. is a wholly-owned subsidiary of China Petrochemical Co., Ltd. According to relevant information, China Petrochemical Sales Co., Ltd. was formerly a sales company in sinopec group. China Petrochemical Sales Co., Ltd. is a wholly-owned subsidiary of China Petrochemical Co., Ltd., whose predecessor was sinopec group Sales Company. Founded in 1985, it was transformed into an enterprise directly under the Petrochemical Corporation on 1992, with independent legal personality.