Fujian Refining &Petrochemical Company Limited (FREP)is a large-scale petrochemical enterprise jointly invested by Fujian Petrochemical Company Limited (FPCL,jointly invested by SINOPEC and Fujian Government)，ExxonMobil China Petroleum &Petrochemical Company Limited (EMCP&P) and Saudi Aramco Asia Company Limited(SAAC) with a total investment of approximately RMB 40 billion in a proportion of50%:25%:25%respectively, aiming to build and operate a set of world-class high-techintegrated petrochemical units. FREP is located at the South Coast of Meizhou Bay inQuangang District, Quanzhou City,Fujian Province, southeast coastal area of China, with acovered area of about 530 hectares，enjoying convenient traffic and superior geographiclocation. FREP’s in-house dedicated crude oil and oil product terminals are located at the deep and open waterswith a total designed throughput of 18 million tons per year.

Since its establishment, FREP has endeavored to continuously boost sustainable development.