Sinopec (Hong Kong) Limited (hereinafter referred to as "Hong Kong Company") was established in October 1989. In 1999, it entered Hong Kong Airport to carry out aviation kerosene refueling business. In 2004, it entered the Hong Kong refined oil retail market. In 2007, Sinopec acquired China Resources Petrochemical's oil and gas assets and business in Hong Kong. Since then, Hong Kong Company has owned oil depots, gas stations, ships and other oil and gas storage, transportation and sales assets in Hong Kong. Its ability to be rooted in Hong Kong and serve Hong Kong has been continuously enhanced.