SINOPEC KANTONS (00934): Rizhao Shihua is included in the SDN list by OFAC.

SINOPEC KANTONS (00934) announces that the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury has designated Rizhao Sihua Crude Oil Terminal Co., Ltd. (Rizhao Sihua, in which the company holds a 50% equity interest) on the Specially Designated Nationals List (SDN List). Rizhao Sihua is primarily engaged in the operation of crude oil terminals and related facilities. The investment income realized by the company from Rizhao Sihua in the 2024 fiscal year accounted for approximately 12% of the group's profit before tax, which amounted to approximately 1.287 billion Hong Kong dollars in the 2024 fiscal year. According to the company's preliminary assessment, the inclusion of Rizhao Sihua on the SDN List may result in restrictions on its related business, thereby impacting the overall performance of the group. The group's other business operations remain unaffected.