Rongsheng Petro Chemical Co.Ltd(002493) : Announcement on the full commissioning of refining and chemical integration project (phase II) of Zhejiang Petrochemical Co., Ltd

Securities code: 002493 securities abbreviation: Rongsheng Petro Chemical Co.Ltd(002493) Announcement No.: 2022-001 Rongsheng Petro Chemical Co.Ltd(002493)

Announcement on the full commissioning of 40 million T / a refining and chemical integration project (phase II)

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.

The “40 million T / a refining and petrochemical integration project (phase II)” (hereinafter referred to as “project phase II”) invested and constructed by Zhejiang Petrochemical Co., Ltd. (hereinafter referred to as “Zhejiang Petrochemical”), a holding subsidiary of Rongsheng Petro Chemical Co.Ltd(002493) (hereinafter referred to as “the company”), in Zhoushan green petrochemical base, has put the first batch of units (atmospheric and vacuum distillation and related utilities, etc.) into operation in November 2020, For details, see the announcement on the commissioning of 40 million T / a refining and petrochemical integration project (phase II) (Announcement No.: 2020-078) disclosed by the company. Up to now, the oil refining, aromatics, ethylene and downstream chemical products units in phase II of the project have been fully put into commissioning, and the whole process has been opened. The company will further improve the commissioning of relevant process parameters and improve the production and operation level. Phase II of the project adopts the world’s leading green production process technology to ensure cleaner production from the source, with good product quality, high yield and low energy consumption. Various technical and economic indicators have reached the first-class level in China and the international advanced level. For example, the slurry bed hydrogenation unit has realized the efficient, green and clean utilization of heavy oil, with the largest scale in the world, effectively improved the deep conversion capacity of residue, and realized oil refining quality improvement and efficiency enhancement.

After the second phase of the project is put into operation, Zhejiang Petrochemical will add 20 million T / a refining capacity, 6.6 million T / a aromatics and 1.4 million T / a ethylene production capacity, and the yield, richness and added value of chemicals will be further improved. On the one hand, it helps to improve the production technology level and self-sufficiency rate of aromatics, olefins and downstream chemicals in China, alleviate the shortage of some new energy, new materials and raw materials, and ensure the safety of the supply chain of relevant industries in China; On the other hand, the chemicals produced can be used for the downstream deep processing of the company itself and the enterprises related to the surrounding industrial chain, so as to provide sufficient raw material guarantee and expansion space for the company to further develop the downstream high value-added new materials and fine chemical industry in the future. The management of the company and all employees of Zhejiang Petrochemical will continue to take safety production as the primary task and continue to promote the high-quality development of the company.

It is hereby announced.

Rongsheng Petro Chemical Co.Ltd(002493) board of directors January 12, 2022

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