SINOPEC Engineering (Group) and ExxonMobil (Huizhou) Chemical (EMHCC) entered into a BEPC (basic design, engineering, procurement and construction) contract for the proposed Huizhou Chemical Complex Project (Phase I). Under the Contract, the Group will provide EMHCC with BEPC services for the project. The main scope of the services includes the basic design, engineering, procurement and construction of all the process units, utilities and infrastructures. The contract value is estimated to be multibillion USD.

EMHCC is a wholly-owned subsidiary established by Exxon Mobil Corporation (ExxonMobil) in China.

ExxonMobil is one of the world’s largest energy providers and chemical manufacturers.

The project, which remains subject to final investment decision, will be located in Daya Bay Petrochemical Park, Huizhou, Guangdong, China. The main units of the project include a 1.6 million tonnes/year ethylene flexible feed steam cracker, downstream polymer and derivative units and utilities. The main product units include two performance polyethylene lines and two differentiated performance polypropylene lines.

The board of directors of the company wishes to emphasize that the contract and the estimated value of the contract mentioned above have not yet counted as a newly signed contract and have not yet been included in the backlog of the Group, and shall not constitute any forecast or prediction of the profits of the Group.