What is the relationship between Sinopec Xinao and Sinopec?

Sinopec Xinao (Tianjin) Energy Co., Ltd. is jointly established by Sinopec Tianjin Branch, Xinao Gas and Tianjin Tanggu SDIC, which integrates Sinopec's high-quality resources, Tianjin Tanggu SDIC's policy support and Xinao Gas's mature management and operation experience. The three parties have joined forces to jointly expand the gas filling business of natural gas vehicles in Tanggu District, Tianjin.