1314 Sinopec

Release Date: June 27, 115 Statement Date: June 26, 115 Statement Time: 18:31:32 Company Code: 1314 Company Name: Sinopec Subject: Announcement of investment loss of NT$1.804 billion in China Engineering Corporation, recognized under paragraph 22 of International Accounting Standard No. 28. Applicable Clause: Clause 51 Event Date: June 26, 115 Details: 1. Event Date: 06/26/115 2. Company Name: China Petroleum & Chemical Industrial Development Corporation 3. Relationship with Company (enter '本公司' or 'Subsidiary'):本公司 4. Cross-shareholding Ratio: Not applicable 5. Reason for Occurrence: The Company's investment in China Engineering Corporation has been assessed as having lost significant influence under International Accounting Standard No. 28. 6. Response Measures: 1. In accordance with the provisions of International Accounting Standard No. 28, the Company's investment in China Engineering Corporation will be reclassified from 'Investments accounted for using the equity method' to 'Financial assets at fair value through other comprehensive income - non-current'. The investment shall be classified under IFRS 9 paragraph 4 and measured under paragraph 5 as financial assets at fair value through other comprehensive income, and an investment loss of NT$1.804 billion shall be recognized in accordance with paragraph 22 of International Accounting Standard No. 28. The amount stated herein is self-calculated by the Company and has not yet been audited by independent auditors; the actual figures will be subject to the financial reports officially announced by the Company. 2. The adjustment made under International Accounting Standard No. 28 does not involve actual cash outflow and therefore has no impact on the Company's operating funds or cash flows. 7. Other Matters to be Disclosed (If the entity involved in the event or resolution is a publicly issued company or above, this major information also qualifies as a matter under Article 7, Paragraph 9 of the Enforcement Rules of the Securities and Exchange Act that has a significant impact on shareholders' equity or securities prices): None