Sinochem Total Energy Sales Co., Ltd.

I. Introduction to Sinochem Total Oil Products Co., Ltd.
Ø Fortune Global 500 joint venture:
Jointly funded by Sinochem Group of China and Total Group of France, registered in Shanghai on December 12, 2005. Sinochem Group is one of China's four major state-owned oil companies, ranking 98th in the 2018 Fortune Global 500; Total Group is the world's fourth-largest oil and gas company, ranking 28th in the 2018 Fortune Global 500.
Ø National oil company:
Relying on Sinochem Quanzhou Refinery, over the past decade, Sinochem Total Oil Products Co., Ltd. has been committed to building a complete refined oil sales network covering warehousing, wholesale, and gas station terminals. It has become an influential integrated refined oil wholesale and retail enterprise in Shanghai, Zhejiang, and Jiangsu.
Ø Scale-forming gas station network:
Since the opening of the first station in September 2006, the Sinochem Total gas station network has gone through the initial stage, growth stage, and now the maturity stage. To date, the company has opened over 100 self-owned gas stations. The goal is to build a retail network of 1,500 gas stations in East China including Shanghai, Jiangsu, and Zhejiang. Through high-standard, high-quality construction and management, it provides comprehensive services such as convenience stores, car washing, and automobile maintenance to Chinese consumers, aiming to become 'China's top refined oil retailer.'
Ø Continuously developing oil wholesale and trading business:
The Puyuan oil depot in Tongxiang, Zhejiang, as Sinochem Total Oil Products Co., Ltd.'s self-owned depot, is located next to the beautiful Wuzhen town, covering an area of 24.58 mu, and has two 500-ton refined oil terminals. Meanwhile, the company has established refined oil distribution platforms in Jiangsu, Shanghai, Tianjin, Chengdu, and along the Yangtze River, building a nationwide refined oil wholesale enterprise integrating warehousing services and logistics distribution.