SINOPEC CORP (00386): Obtained approval from the China Securities Regulatory Commission for the public issuance of corporate bonds to professional investors.

SINOPEC CORP (00386) announced that it has recently received the approval from the China Securities Regulatory Commission (referred to as the "CSRC") for the public issuance of corporate bonds to professional investors. The approval, with document number (20241571), includes the following main points: 1. Approval for the company to publicly issue corporate bonds with a total face value not exceeding 40 billion RMB to professional investors. 2. The issuance of the corporate bonds should strictly follow the offering circular submitted to the Shanghai Stock Exchange. 3. The approval is valid for 24 months from the date of registration, and the company can issue the corporate bonds in stages within this validity period. 4. In case of any significant events occurring from the date of registration until the completion of the corporate bond issuance, the company should promptly report and handle them according to relevant regulations. The company will handle the relevant matters related to the public issuance of corporate bonds within the authorization scope of the shareholders' meeting in accordance with relevant laws, regulations, and the above-mentioned approval document, and fulfill information disclosure obligations in a timely manner.