Sinopec's Fixed-point Poverty Alleviation and Pairing Program Lifts Eight Counties Out of Poverty in Response to UN Sustainable Development Goals

BEIJING,Dec. 2,2020 -- China Petroleum & Chemical Corporation (HKG: 0386,"Sinopec") has announced that DongxiangAutonomousCounty in Gansu Province has been lifted out of poverty,the last of the eight counties in Sinopec's fixed-point poverty alleviation and pairing program to eradicate poverty.

Quinoa Harvest in Dongxiang Autonomous County,Gansu Province,China.

SINOPEC Primary School in Baingoin County of Tibet Autonomous Region.

Zhushan Style B&B in Fenghuang County,Hunan Province,China.

The previous seven counties in Sinopec's poverty relief program that have overcome poverty are Fenghuang and Luxi counties in Hunan Province,Yingshang and Yuexi counties in Anhui Province,Yopurga County in XinjiangUyghurAutonomousRegion,Baingoin County in Tibet Autonomous Region and Zeku County in Qinghai Province.

Sinopec has developed precise poverty alleviation plans based on regional characteristics and advantages.

In poverty relief through industrial development,Sinopec has adapted to local conditions and natural endowments to develop specialty industries,such as promoting the quinoa produced in Dongxiang County,the "Sunshine Bazaar" series of dried fruit products in Xinjiang and an "Easy Joy-Zhuoma Spring" project that brings natural drinking water from Tibet to consumers across the country.

In poverty relief through consumption,Sinopec has helped products from the poverty alleviation program to enter the national market through 27,000 gas station convenience stores and seven online poverty relief shopping platforms,with the entire Sinopec system participating proactively in the initiative. In the past two years,Sinopec has helped to sell more than CNY600 million (US$91.40 million) worth of poverty relief products.

In terms of poverty relief through employment,Sinopec has hosted special job fairs in poverty-stricken regions with the goal of "one person's employment lifts a family from poverty". A Sinopec Poverty Alleviation Training Platform was established to offer regular vocational skills and agricultural training.

In promoting poverty relief through education,Sinopec has built 68 schools in designated poverty alleviation regions,purchased more than 30,000 pieces of teaching equipment and issued more than 20 million yuan ($US 3.1 million) in grants. To further support education development in poor areas,Sinopec also opened Spring Buds and Resilient classes for students in need.

In medical poverty alleviation,Sinopec has carried out the Sinopec Lifeline Express Health public welfare project for 16 years,bringing light to more than 46,000 cataract patients in impoverished regions. The company also introduced medical resources from Peking Union Medical College Hospital (PUMC) to poor areas and equipped them with urgently needed medical equipment,while continuing to improve the local medical conditions and make precise poverty alleviation plans.

In the meantime,Sinopec also focuses on improving people's quality of life by implementing a series of livelihood projects including transportation,water supply,lighting,pipelines,water conservation and dilapidated building renovation that effectively addressed and improved the working and living problems of drinking water,electricity,transportation and housing in densely populated areas. These projects promoted the economic development of poverty-stricken areas and built the foundation to eradicate poverty.

"Sinopec will earnestly fulfill its corporate social responsibilities and complete solid work in all aspects to play a pillar role in poverty alleviation,we will continue to aid impoverished counties in the fixed-point poverty alleviation and pairing program,with support not being withdrawn,and Sinopec will consolidate the hard-earned results and push forward rural revitalization,joining hands with the people in poor regions to strive for a well-off future," said Zhang Yuzhuo,chairman of Sinopec.

Sinopec has been actively involved in poverty alleviation since 1988,it has invested more than 2.4 billion yuan (US$ 365.6 million) in support and assistance. As of now,67 Sinopec affiliated enterprises are carrying out supporting projects in 709 villages,with a total of 1,945 staff members fighting on the frontline of poverty alleviation.

Sinopec has achieved remarkable results in the continuous practice and exploration of precise poverty relief efforts,which led to the establishment of a Sinopec poverty alleviation model that drives industry with consumption,stimulates employment with industry and motivates productive powers in poverty-stricken areas.

For more information,please visit: www.sinopecgroup.com/group