Oriental Shenghong: Wholly-owned subsidiary plans to invest about 3.455 billion yuan in the construction of a delayed coking optimization and upgrading project.

Oriental Shenghong Announcement: The company's second-tier wholly-owned subsidiary Shenghong Refining Co., Ltd. plans to invest in the construction of a 2 million tons/year coking raw material pretreatment unit and related supporting facilities project, with an estimated investment of approximately 3.455 billion yuan, and an estimated construction period of 2 years. The project aims to ensure the production of high value petroleum coke products from delayed coking units, enhance product added value, strengthen the integrated competitiveness of the refining industry, and improve the company's market competitiveness in the refining business. It is estimated that the project will achieve an average annual operating income of approximately 2.022 billion yuan after production, and an average annual total profit of approximately 3.88 billion yuan.