A new round of technological and industrial revolution is reconstructing global innovation pattern and global economic structure. Energy industry is also undergoing a profound production and consumption revolution.

In order to embrace such change and lead the trend in this new round of global energy and material revolution, Sinopec Group and Sinopec Corp. jointly establish Sinopec Capital Co., Ltd. in Xiong’an New District, Hebei province. The initial registered capital is 10 billion RMB.

Identifying strategic investment opportunities through financial investment, Sinopec Capital aims to achieve the Group’s industrial pattern of “One Foundation of energy and resources, Two Wings of clean fuels and advanced chemicals, and Three Growth Engines in new energy, new materials and new economy” and the goal of building the leading hydrogen energy company. Furthermore, while Sinopec is looking to become the modern chemical industrial “chain commander”, and transition towards a “Oil-Gas-Hydrogen-Electricity-Service” comprehensive energy service provider, Sinopec Capital will focus on strategic new industries such as New Energy, New Material, Energy Conservation and Environmental Protection, Advanced Intelligent Manufacturing, Big Data, and Artificial Intelligence, through endowing resources towards invested companies, to assist by developing new engine of momentum for Sinopec Group in industry transition and continuous corporate development.

Entrepreneurship, innovation, and value creation combine to be the corporate culture. Loyalty, unity, diligence, and responsibility are known as the corporate spirit. We aim at cultivating professional investment capability through Managing Director (MD) ranking system that used by international investment institutions worldwide, market-oriented salary system, promotion regulation and mandatory follow-up investment regulation of the senior management/investment team. In these manners, we bring employees closely together with the company for the same value-creating goal.

We founded science and technology innovation fund, named as Enze Fund to support the realization of technological results and strategic arrangements of emerging industries. Industrial fund on emerging industries (Zhaoyang Fund) is about to establish, and Fund-of-Funds (Carbon Neutral FOF) is in preparation. These funds will select promising industry and technology to invest, forming a virtuous circle of finance, technology and industry, and empowering low-carbon and sustainable development. High starting global layout is paid great attention. We establish overseas investment teams in the United Kingdom, the United States and others to cover global investment market.

We lay our credit and resources foundation for the company’s future development by leveraging impressive assets, strong financial strength, complete industry value chains and rich client resources from Sinopec, as well as our distinguished brand, talent, capital and technology advantages.

The Party Committee of Sinopec Capital will adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era; rally closely around the Party Central Committee with Comrade Xi Jinping as General Secretary; firmly keep in mind the need to maintain political integrity, think in big-picture terms, follow core leadership, and keep in alignment; strengthen its confidence in the path, theory, system, and culture of socialism with Chinese characteristics; resolutely uphold General Secretary Xi Jinping’s core position on the Party Central Committee and in the Party as a whole, and resolutely uphold the Party Central Committee’s authority and its centralized, unified leadership; firmly follow the important instructions of General Secretary Xi Jinping and decisions and arrangements made by the Party Central Committee; and resolutely fulfill the requirements of the Party Leadership Group of Sinopec Group.

Sinopec Capital always bears in mind that “upholding Party leadership and strengthening Party building are the ‘root’ and ‘soul’ of state-owned enterprises.” We will give priority to the political activities of the Party, incorporate Party building into the company’s charter, ensure that Party organizations chart the right course, manage the big picture, and ensure implementation of policies and principles, identify how to leverage the role of Party organizations, and establish a system under which decisions on important matters, appointment or dismissal of cadres in important positions, important programs, and use of large sums of money should all be determined based on collective discussion.

Sinopec Capital will remain committed to the principle of “working for the Party in the economic sector,” demonstrate its red heritage, and achieve all-round integration of Party building, business capacity growth, and cultural advancement, so as to become a new engine for the transformation and upgrade of Sinopec Group and facilitate Sinopec Group in creating comprehensive, sustainable, and high-quality development and becoming a world-leading energy and chemical business.