Sinopec Engineering Group Co Ltd. — Capital/Financing Update 2017

Dec 12, 2017

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)

ANNOUNCEMENT IN RELATION TO THE APPROVAL OF THE PROPOSED INITIAL TERMS OF H SHARE APPRECIATION RIGHTS SCHEME BY THE SASAC

This announcement is made by SINOPEC Engineering (Group) Co., Ltd. (the “ Company ”) pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”) and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

References are made to the announcement of the Company in relation to the proposed initial terms of the H Share Appreciation Rights Scheme dated 21 August 2017 and the circular (the “ Circular ”) of the second extraordinary general meeting of the Company for the year 2017 (the “ EGM ”) dated 3 November 2017. Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Circular.

The proposed initial terms of the H Share Appreciation Rights of the Company have been approved by the SASAC (Guozi Kaofen No. [2017] 1235). Major details of the approval are as follows: the SASAC has approved in principle the implementation of the H Share Appreciation Rights Scheme and the performance evaluation targets for the H Share Appreciation Rights Scheme. Relevant implementation details and implementation of the H Share Appreciation Rights Scheme in subsequent years shall be filed with the SASAC.

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The proposed initial terms of the H Share Appreciation Rights of the Company are subject to approval at the EGM to be held on 20 December 2017. Documents in relation to the EGM (including but not limited to the Circular and meeting notice) were published and dispatched to shareholders of the Company on 3 November 2017.

Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.

By the Order of the Board SINOPEC Engineering (Group) Co., Ltd. SANG Jinghua Vice President, Secretary to the Board

Beijing, PRC 12 December 2017

As at the date of this announcement, the Company’s executive directors are LU Dong, XIANG Wenwu, SUN Lili (employee representative director) and WU Derong (employee representative director); the non-executive directors are LING Yiqun and LI Guoqing; and the independent non-executive directors are HUI Chiu Chung, Stephen, JIN Yong and YE Zheng.

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).

• For identification purposes only.

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