The terms of the agreement show that Sinopec sold its shares in Ningde Times for 7.685 billion US dollars.

According to a clause book reviewed by the media on Wednesday, Sinopec Ltd sold 8.5 million H-shares of CATL, a Chinese electric vehicle battery manufacturer, in a accelerated placement for approximately $768.5 million. The shares were sold at a price of 708 Hong Kong dollars per share, a discount of about 3.8% from CATL's closing price of 736 Hong Kong dollars on Tuesday. This offering was a secondary offering, meaning that CATL did not receive any proceeds from the sale. The clause book shows that Sinopec has agreed to a 90-day lock-up period for its remaining shares in CATL. Goldman Sachs was the sole placement agent.