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.

SINOPEC KANTONS HOLDINGS LIMITED

（ 中 石 化 冠 德 控 股 有 限 公 司 ）*

(incorporated in Bermuda with limited liability)

(Stock Code: 934)

POLL RESULTS OF THE SPECIAL GENERAL MEETING

HELD ON 29 NOVEMBER 2019

IN RELATION TO

  1. CONTINUING CONNECTED TRANSACTIONS AND DISCLOSEABLE TRANSACTIONS REGARDING RENEWAL OF THE NON-EXEMPT EXISTING
    CONTINUING CONNECTED TRANSACTIONS; AND
  2. CONNECTED TRANSACTION AND DISCLOSEABLE TRANSACTION REGARDING THE YULIN-JINAN PIPELINE COMPRESSION PROJECT

The Board is pleased to announce that all the Ordinary Resolutions as set out in the SGM Notice were duly passed by the Independent Shareholders by way of poll at the SGM held on 29 November 2019.

References are made to (a) the circular of Sinopec Kantons Holdings Limited (the "Company") dated

11 November 2019 (the "Circular") and (b) the ordinary resolutions (the "Ordinary Resolutions") as set out in the notice of special general meeting (the "SGM") dated 11 November 2019 (the "SGM Notice") contained in the Circular in relation to the continuing connected transactions and discloseable transactions regarding renewal of the Non-exempt Existing Continuing Connected Transactions and the connected transaction and discloseable transaction regarding the Yulin-Jinan Pipeline Compression Project.

Unless otherwise defined herein or the context otherwise requires, capitalised terms and expressions used in this announcement shall have the same meanings as those defined in the Circular.

POLL RESULTS OF THE SGM

Tricor Secretaries Limited, the Company's branch share registrar in Hong Kong, acted as the scrutineer for the vote-taking at the SGM.

1

The board (the "Board") of directors (the "Directors") of the Company is pleased to announce that all the Ordinary Resolutions were duly passed by the Independent Shareholders by way of poll at the SGM held on 29 November 2019 and the poll results were as follows:

Number of Shares Voted

ORDINARY RESOLUTIONS

(approximate %)

FOR

AGAINST

1.

"THAT

450,553,421

676,554

(99.85%)

(0.15%)

(i)

the entering into of the New Crude Oil Jetty and Storage

Services Framework Master Agreement be and is hereby

approved;

(ii)

the proposed annual caps for the New Crude Oil Jetty and

Storage Services Framework Master Agreement for the

three financial years ending 31 December 2022 be and are

hereby approved; and

(iii) any one Director (or where execution under the common

seal of the Company is required, any two Directors or any

one Director and any one secretary of the Company) be and

is/are hereby authorised to do further acts and things, enter

into all transactions and arrangements, execute all other

documents and/or deeds and/or take all such steps as he/

she may consider necessary, desirable or expedient to carry

out or give effect to or otherwise in connection with or in

relation to the New Crude Oil Jetty and Storage Services

Framework Master Agreement."

2.

"THAT

338,169,021

113,060,954

(74.94%)

(25.06%)

(i)

the entering into of the New Sinopec Finance Financial

Services Framework Master Agreement be and is hereby

approved;

(ii)

the proposed annual caps for the New Sinopec Finance

Financial Services Framework Master Agreement for the

three financial years ending 31 December 2022 be and are

hereby approved; and

2

Number of Shares Voted

ORDINARY RESOLUTIONS

(approximate %)

FOR

AGAINST

(iii) any one Director (or where execution under the common

seal of the Company is required, any two Directors or any

one Director and any one secretary of the Company) be and

is/are hereby authorised to do further acts and things, enter

into all transactions and arrangements, execute all other

documents and/or deeds and/or take all such steps as he/

she may consider necessary, desirable or expedient to carry

out or give effect to or otherwise in connection with or in

relation to the New Sinopec Finance Financial Services

Framework Master Agreement."

3.

"THAT

337,095,021

113,060,954

(74.88%)

(25.12%)

(i)

the entering into of the New Century Bright Financial

Services Framework Master Agreement be and is hereby

approved;

(ii)

the proposed annual caps for the New Century Bright

Financial Services Framework Master Agreement for the

three financial years ending 31 December 2022 be and are

hereby approved; and

(iii) any one Director (or where execution under the common

seal of the Company is required, any two Directors or any

one Director and any one secretary of the Company) be

and is/are hereby authorised to do further acts and things,

enter into all transactions and arrangements, execute all

other documents and/or deeds and/or take all such steps as

he/she may consider necessary, desirable or expedient to

carry out or give effect to or otherwise in connection with

or in relation to the New Century Bright Financial Services

Framework Master Agreement."

3

Number of Shares Voted

ORDINARY RESOLUTIONS

(approximate %)

FOR

AGAINST

4.

"THAT

450,553,421

676,554

(99.85%)

(0.15%)

(i)

the entering into of the New Natural Gas Transmission

Services Framework Master Agreement be and is hereby

approved;

(ii)

the proposed annual caps for the New Natural Gas

Transmission Services Framework Master Agreement for

the three financial years ending 31 December 2022 be and

are hereby approved; and

(iii) any one Director (or where execution under the common

seal of the Company is required, any two Directors or any

one Director and any one secretary of the Company) be and

is/are hereby authorised to do further acts and things, enter

into all transactions and arrangements, execute all other

documents and/or deeds and/or take all such steps as he/

she may consider necessary, desirable or expedient to carry

out or give effect to or otherwise in connection with or in

relation to the New Natural Gas Transmission Services

Framework Master Agreement."

5.

"THAT

449,479,421

676,554

(99.85%)

(0.15%)

(i)

the entering into of the New Comprehensive Outsourcing

Framework Master Agreement be and is hereby approved;

(ii)

the proposed annual caps for the New Comprehensive

Outsourcing Framework Master Agreement for the three

financial years ending 31 December 2022 be and are hereby

approved; and

(iii) any one Director (or where execution under the common

seal of the Company is required, any two Directors or any

one Director and any one secretary of the Company) be

and is/are hereby authorised to do further acts and things,

enter into all transactions and arrangements, execute all

other documents and/or deeds and/or take all such steps

as he/she may consider necessary, desirable or expedient

to carry out or give effect to or otherwise in connection

with or in relation to the New Comprehensive Outsourcing

Framework Master Agreement."

4

Number of Shares Voted

ORDINARY RESOLUTIONS

(approximate %)

FOR

AGAINST

6.

"THAT

338,169,021

113,060,954

(74.94%)

(25.06%)

(i)

the entering into of the New Yu Ji Pipeline Financial

Services Framework Master Agreement be and is hereby

approved;

(ii)

the proposed annual caps for the New Yu Ji Pipeline

Financial Services Framework Master Agreement for the

three financial years ending 31 December 2022 be and are

hereby approved; and

(iii) any one Director (or where execution under the common

seal of the Company is required, any two Directors or any

one Director and any one secretary of the Company) be

and is/are hereby authorised to do further acts and things,

enter into all transactions and arrangements, execute all

other documents and/or deeds and/or take all such steps as

he/she may consider necessary, desirable or expedient to

carry out or give effect to or otherwise in connection with

or in relation to the New Yu Ji Pipeline Financial Services

Framework Master Agreement."

7.

"THAT

449,479,421

676,554

(99.85%)

(0.15%)

(i)

the entering into of the New Yu Ji Compression Project

Framework Master Agreement be and is hereby approved;

and

(ii)

any one Director (or where execution under the common

seal of the Company is required, any two Directors or any

one Director and any one secretary of the Company) be and

is/are hereby authorised to do further acts and things, enter

into all transactions and arrangements, execute all other

documents and/or deeds and/or take all such steps as he/

she may consider necessary, desirable or expedient to carry

out or give effect to or otherwise in connection with or in

relation to the New Yu Ji Compression Project Framework

Master Agreement."

As at the date of the SGM, there were a total of 2,486,160,000 Shares in issue.

5

As disclosed in the Circular, SKI was required to abstain from voting on all the Ordinary Resolutions. As at the date of the SGM, SKI was interested in 1,500,000,000 Shares in aggregate (representing approximately 60.33% of the total issued share capital of the Company) and had abstained from voting on all the Ordinary Resolutions. The total number of Shares entitling the Independent Shareholders to attend and vote for or against the Ordinary Resolutions was 986,160,000 Shares, representing approximately 39.67% of the total issued share capital of the Company.

Save as aforesaid, there were no Shares entitling the holders thereof to attend and abstain from voting in favour as set out in Rule 13.40 of the Listing Rules and no Shareholders were required under the Listing Rules to abstain from voting at the SGM. No parties have indicated in the Circular that they intend to vote against or to abstain from voting on any of the Ordinary Resolutions at the SGM.

By Order of the Board

Sinopec Kantons Holdings Limited

Chen Yaohuan

Chairman

Hong Kong, 29 November 2019

As at the date of this announcement, the Board comprises the following:

Executive Directors:

Mr. Chen Yaohuan (Chairman)

Mr. Xiang Xiwen (Deputy Chairman)

Mr. Dai Liqi

Mr. Li Jianxin

Mr. Wang Guotao

Mr. Ye Zhijun (Managing Director)

Independent non-executive Directors:

Ms. Tam Wai Chu, Maria

Mr. Fong Chung, Mark

Dr. Wong Yau Kar, David

Ms. Wong Pui Sze, Priscilla

*  For identification purpose only

6

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Sinopec Kantons Holdings Limited published this content on 29 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 November 2019 09:27:02 UTC