Sinopec Kantons : Appointment and Resignation of Chairman of the Board, Executive Director and Member of each of the Nomination Committee and the Remuneration Committee

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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(incorporated in Bermuda with limited liability)

The Board announces the following changes with effect from 19 May 2014:
(1) the appointment of Mr. Chen Bo as the chairman of the Board, an executive director, member of each of the nomination committee and the remuneration committee of the Company; and
(2) the resignation of Mr. Dai Zhao Ming as the chairman of the Board, an executive director, member of each of the nomination committee and the remuneration committee of the Company.

The board of directors (the "Board") of Sinopec Kantons Holdings Limited (the "Company") is pleased to announce that Mr. Chen Bo ("Mr. Chen") has been appointed as the chairman of the Board, an executive director, member of each of the nomination committee and the remuneration committee of the Company with effect from 19 May 2014, being the date of this announcement.
Mr. Chen Bo, aged 51, is an engineer. He graduated from East China Institute of Chemical Technology, currently known as East China University of Science and Technology, majoring in oil refining engineering and obtained a bachelor's degree in engineering in July 1986. Mr. Chen is currently the general manager and executive director of China International United Petroleum & Chemicals Co., Ltd.
"( Unipec"). After graduation from the university, Mr. Chen has been working in China Petrochemical
Corporation "(

various positions including business manager of crude oil department of Unipec, business manager and deputy manager of Unipec Asia Company Limited(Iii:-E 'l;l!l'l<0"l), deputy manager and manager of crude oil department of Unipec and assistant to general manager and deputy general manager of Unipec. Mr. Chen has extensive working experience in international crude oil and natural gas trading and transportation as well as international storage logistics and has maintained a good relationship with the world's major oil producers, large oil companies and large trading companies.
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Mr. Chen entered into a service contract with the Company on 19 May 2014. His term of office is for one year commencing from 19 May 2014 (which is automatically renewed upon expiry for successive terms of one year) unless terminated by not less than three (3) months' notice in writing served by either party. Mr. Chen's remuneration as stated in his director service agreement shall be HK$1. Such amount of emoluments is consistent with the emoluments of all the executive directors of the Company. Mr. Chen shall not vote on any resolution of the directors of the Company (the "Directors") regarding the amount of the Director's emoluments payable to him.
Save as disclosed above, Mr. Chen has not held directorships in any other listed public companies in the last three years.
As at the date of this announcement and save as disclosed above, Mr. Chen does not have any relationships with the Directors, senior management or substantial or controlling shareholders of the Company.
As at the date of this announcement, Mr. Chen did not have any interests in shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
There is no information relating to Mr. Chen that is required to be disclosed pursuant to Rules 13.51(2) (h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange Hong Kong Limited (the "Stock Exchange"), and there are no other matters that is required to be brought to the attention of the shareholders of the Company.

The Board also announces that Mr. Dai Zhao Ming ("Mr. Dai") has tendered his resignation as the chairman of the Board, an executive director, member of each of the nomination committee and the remuneration committee of the Company with effect from 19 May 2014, being the date of this announcement due to change in job assignment within the Sinopec Group.
Since August 2013, Mr. Dai was appointed and serves as the director of the development planning department of Sinopec Group Company and China Petroleum and Chemical Corporation, and had resigned as the general manager and executive director of Unipec accordingly. Following Mr. Dai's resignation from Unipec and change in job assignment within the Sinopec Group, Mr. Dai also resigns as the chairman of the Board, an executive director, member of each of the nomination committee and the remuneration committee of the Company.
Mr. Dai has confirmed that he has no disagreement with the Board and he is not aware of any matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company and the Stock Exchange.
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The Board would like to take this opportunity to express its sincere gratitude to Mr. Dai for his valuable contribution during his term of office with the Company and welcome Mr. Chen on his new appointment.
By order of the Board of

Deputy Chairman

Hong Kong, 19 May 2014
As at the date of this announcement, the Board of Directors comprises of the following:

Executive Directors:

Mr. Chen Bo (Chairman)
Mr. Zhu Zeng Qing (Deputy Chairman)
Mr. Zhu Jian Min
Mr. Tan Ke Fei
Mr. Zhou Feng
Mr. Ye Zhi Jun (Managing Director)

Independent non-executive Directors:

Ms. Tam Wai Chu, Maria
Mr. Fong Chung, Mark
Dr. Wong Yau Kar, David

* For identification purpose only

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