What is the management mode of Sinopec and Xinhecheng joint venture company?

The management mode of Sinopec and Xinhecheng joint venture company is joint venture company. According to the investigation, the joint venture company adopts the joint operation mode, and Sinopec and Xinhe Cheng participate in the company's operation and management. In this mode, both parties will make decisions on the company's strategy, business development, personnel management and other important matters, and enjoy the company's interests and risks.