The board of directors of Sinopec Kantons Holdings Limited announced that due to change in job assignment within China Petrochemical Corporation, with effect from 14 December 2015, Mr. Zhu Zeng Qing has tendered his resignation as the Deputy Chairman of the Board and an executive Director, and each of Mr. Zhu Jian Min, Mr. Tan Ke Fei and Mr. Zhou Feng has also tendered his resignation as an executive Director. The Board announced that with effect from 14 December 2015, Mr. Xiang Xiwen has been appointed as the Deputy Chairman of the Board and an executive Director, and each of Mr. Dai Liqi, Mr. Li Jianxin and Mr. Wang Guotao has been appointed as an executive Director. From July 1989 to April 2000, Mr. Xiang was the Deputy Section Chief and Section Chief of Henan Petroleum Exploration Administration of China Petrochemical Corporation; from May 2000 to May 2002, he was the Chief Accountant of the First Oil Production Plant of Henan Oilfield Branch Company of China Petrochemical Corporation; from June 2002 to April 2014, he was the Deputy Chief Accountant and Chief Accountant of Henan Oilfield Company; and since May 2014, he has been the Deputy Head of the Finance Department of China Petroleum & Chemical Corporation, the controlling shareholder of the Company.

Mr. Dai Liqi, aged 48, is a senior engineer. From February 1994 to January 2002, he was the engineer and senior engineer of Planning & Development Department of Sinopec Corp.; from February 2002 to October 2005, he was the Deputy Head of the Project Cooperation Office of Planning & Development Department of Sinopec Corp.; from October 2005 to October 2010, he was the Head of the Project Cooperation Office of Planning & Development Department of Sinopec Corp.; and since October 2010, he has been the Deputy Director of the Planning & Development Department (Foreign Cooperation Office) of Sinopec Corp. Mr. Li Jianxin, aged 47, is a professor level senior economist.

From May 2000 to April 2002, he was the Deputy Director of the Finance and Assets Department of Sinopec Guangdong Oil Products Branch Company; from May 2002 to September 2005, he was the Chief Accountant of Sinopec Shenzhen Oil Products Branch Company; from October 2005 to April 2007, he was the Chief Accountant of Sinopec Guizhou Oil Products Branch Company; from December 2007 to May 2012, he was the Chief Financial Officer of Sinopec (Hong Kong) Limited; from May 2012 to March 2015, he was the General Manager of Sinopec (Hong Kong) Limited; and since March 2015, he has been the Chief Accountant of Sinopec Guangzhou Branch Company. Mr. Wang Guotao, from May 2012 to September 2014, he was the Deputy General Manager and the Standing Committee Member of the Communist Party Committee of the branch of Pipeline Storage & Transportation Company; and since September 2014, he has been the Deputy General Manager and the Standing Committee Member of the Communist Party Committee of Pipeline Storage & Transportation Company. As at the date of this announcement, Pipeline Storage & Transportation Company is a wholly-owned subsidiary of Sinopec Corp.