Is the relationship between China Petrochemical Group and China Petrochemical Company Limited the parent company?

Yes, China Petrochemical Co., Ltd. (hereinafter referred to as "China Petrochemical") is a joint-stock enterprise with integrated upper, middle and lower reaches, prominent petrochemical main business, relatively complete sales network and listing at home and abroad. China Petrochemical Co., Ltd. is a joint-stock enterprise established exclusively by China Petrochemical Group on February 25th, 2000 in accordance with the Company Law of People's Republic of China (PRC).

China Petrochemical Company was established in February 2000, initiated by China Petrochemical Group with its main operating assets. After its establishment, it was listed on Hong Kong Stock Exchange, new york Stock Exchange of China Petrochemical Co., Ltd., London Stock Exchange and Shanghai Stock Exchange in June 2000 and July 2006 respectively.

China Petrochemical's business is mainly the exploitation and sales of oil and the production of related chemical products. It monopolized the oil market in Chinese mainland with China Oil and Gas Company Limited and China National Offshore Oil Company Limited. Compared with the other two companies, China Petrochemical attaches more importance to chemical business. It is the largest producer of petroleum products and chemical products in China, and the output of crude oil ranks second. Our products mainly include petroleum crude oil, natural gas, chemical fiber, chemical fertilizer, rubber and refined oil.