Recently, Sinopec Capital successfully issued its first Sci-Tech Innovation Corporate Bond (hereinafter referred to as "Sci-Tech Innovation Bond"), with an issue size of RMB 1.25 billion, a maturity of 3 years, and a coupon rate of 2.6%, marking the best terms in the market during the same period. The funds raised in the bond issuance will be used for the investment of Sinopec Capital's strategic projects. As the first Sci-Tech Innovation Bond issued in domestic petroleum and petrochemical industry, and the largest single-phase Sci-Tech Innovation Bond issued by SOE subsidiaries engaged in capital-related business, it will set a benchmark for the subsequent issuance of Sci-Tech Innovation Bonds in the industry.

This is the first time for Sinopec Capital to raise funds in the bond market. By fully mobilizing internal financial resources, actively expanding investment channels, and intensively communicating with investors, the issuance has gained wide attention and active support from investors. The subscription multiple reaches 5.1 times, creating favorable conditions for low-cost issuance.

The issuance successfully conveyed to the capital market Sinopec's firm determination to adhere to high-quality development, and demonstrated Sinopec's good image as an innovation-oriented company. It will help Sinopec Capital to further optimize its capital structure and open its channels for leveraging social capital and enlarging the investment scale. It will also provide solid funding solutions for Sinopec Capital to better fulfill its mission of "Identifying strategic investment opportunities through financial investment, and cultivating new engine of momentum for Sinopec Group’s transformation, upgrade and sustainable development".