SINOPEC Engineering (Group) Co., Ltd. announced 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). 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.