Sinopec Engineering Group Co Ltd. — Capital/Financing Update 2023

Jun 27, 2023

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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中石化煉化工程( 集團) 股份有限公司 SINOPEC Engineering (Group) Co., Ltd.* (a joint stock limited liability company incorporated in the People’s Republic of China)

(Stock Code: 2386)

VOLUNTARY ANNOUNCEMENT

IN RELATION TO THE AWARD OF AN EPC CONTRACT FOR THE EXPANSION OF THE SATORP REFINERY IN SAUDI ARABIA FOR THE TANK FARMS AND THE INTEGRATION OF SATORP REFINERY

This announcement is made voluntarily by SINOPEC Engineering (Group) Co., Ltd. (the “ Company ”, together with its subsidiaries, the “ Group ”).

The Company is pleased to announce that, the Group has been awarded an EPC contract (the “ Contract ”) in relation to the expansion of the SATORP refinery referred to as the AMIRAL project (the “ Project ”). SATORP is a Joint Venture between the Saudi Arabian Oil Company and TotalEnergies.

The main scope of the services under the Contract includes the engineering, procurement and construction for the tank farms and the integration of SATORP refinery of the Project. The value of the Contract amounts to approximately USD720 million. The total value of the Contract will be recorded as backlog of the Group.

The AMIRAL project is a world-class integrated petrochemical complex, located in Jubail Industrial City of the Kingdom of Saudi Arabia, which expands the SATORP refinery (Saudi Aramco Total Refining & Petrochemical Co. Refinery).

• For identification purpose only

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The board of directors wishes to emphasize that the Contract and the estimated value of the Contract mentioned above shall not constitute any forecast or prediction of the profits of the Group. Shareholders and potential investors are advised to exercise caution when dealing in the Shares of the Company.

By order of the Board SINOPEC ENGINEERING (GROUP) CO., LTD.

JIA Yiqun

Chief Financial Officer, Secretary to the Board, Company Secretary

Beijing, the PRC 27 June 2023

As at the date of this announcement, directors of the Company are: JIANG Dejun[#] , XIANG Wenwu[#] , WANG Zizong[] , LI Chengfeng[] , WU Wenxin[*] , ZHANG Xinming[#] , XIE Yanli[#] , HUI Chiu Chung, Stephen[+] , DUAN Xue[+] and YE Zheng[+] .

# Executive Directors

* Non-executive Directors

+ Independent non-executive Directors

This announcement is available on the website of Hong Kong Exchanges and Clearing Limited (www.hkex.com.hk) and on the website of the Company (www.segroup.cn).

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