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 of 50%: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. In November2009，Fujian Integrated Refining & Ethylene Project - the first highly integrated Sino-foreign petrochemical joint venture project with the largest investment in single planning inChina - was put into commercial operation, which increased FREP's refining capacity from4MTA (80K bbl/day) to 12MTA (240K bbl/day). The newly built series of large-scalechemical units, such as Steam Cracker, Polyethylene, Polypropylene and Aromatics were putinto operation smoothly and simultaneously. At the end of 2013 when FREP may have completed steamcracking debottleneck revamp, the SC capacity will be able to reach 1.1 MTA, and the refining capacity canbe increased to 14 MTA (280K bbl/day) through further boosting upgrading of oil product quality and optimization of theproduct mix.

FREP adopts the world's advanced automation technologies in production operation torealize the integrated management and control of a digital plant， ensuring the stable andoptimal operation of all units. Through scientific management and precise control of production process，FREP produces high quality petrochemical products,and provides cleanenergy for social economic development.FREP has more than 20 varieties of refining and chemical products, in which the main oil refining products include high-quality gasoline, diesel，aviation kerosene (3# jet fuel)，pavement petroleum asphalt，liquefied petroleum gas(LPG), fuel oil, sulfur (liquid/solid) etc.; the main chemical products include polyethylene,polypropylene,para-xylene, petroleum benzene,  butadiene,ethylene oxide, and ethylene glycol; plus small amount of toluene，heavy aromatics，cracked naphthalene fraction，industrial cracked C5，industrialcracked C9, ethylene, propylene, diethylene glycol, triethylene glycol, etc..

FREP has always been committed to pursuing harmonious development of health,safety andenvironment,and minimizing the environmental impact caused by the production activities.Meanwhile,FREP has kept improving the performance in all business fields to maintain thecompetitive edge and profitability of the Company. FREP keeps strengthening the cooperationwith related parties like customers and suppliers,and helps them to achievegreater successes withpremium products and services,thus achieving mutual benefit and win-win for all parties. Inaddition，FREP has always been attaching great importance to the active performance ofcorporate social responsibilities to repay the society in all kinds of ways,and committed tobecoming the most popular company among the employees, the most reliable partner for all related parties such as customers/suppliers and the good neighbor of the surrounding communities.