Sinopec Engineering: Plans to raise funds of up to 5.913 billion yuan through a private placement to controlling shareholder China Petrochemical Corporation.

Sinopec Engineering announced that the company plans to raise funds not exceeding 5.913 billion yuan through a private placement to its controlling shareholder, China Petrochemical Corporation. The issuance price is 3.53 yuan per share, with a total of 1.675 billion shares to be issued. After this issuance, the company's controlling shareholder will still be China Petrochemical Corporation, with the actual controller remaining as the State-owned Assets Supervision and Administration Commission of the State Council. The raised funds will be used for oil and gas storage and transportation engineering construction and supplementary working capital.