Financial Highlights:

(16 March 2026,Hong Kong) Sinopec Kantons Holdings Limited (“Sinopec Kantons” or the “Company”; stock code:0934) today announced the audited annual results of the Company and its subsidiaries (collectively known as the “Group”) for the year ended 31 December 2025 (the“Reporting Period”).

In 2025, global economic growth lost steam amid intensified geopolitical conflicts. The oil price fluctuated downwards as the restructuring of energy supply chain deepened. Due to accelerated new energy substitution coupled with weak end-user demand, the profit margins of domestic refineries were compressed. Their utilization rates hence declined further, weighing on the Group’s domestic crude oilterminal and storage businesses. In the face of complex external environment, the Group made vigorous efforts to optimize corporate governance and to reinforce risk and cost management, thereby enhancing its development quality.

During the Reporting Period, the Group realized revenue of approximately HK$659 million, down by 1.27% year-on-year. As the throughput of domestic terminal companies invested by the Group reduced and the throughput of an associate company was diverted due to the completion and operation of a newly connected crude oil pipeline of its major customer, the investment return of joint ventures and associates for the period dropped from the previous year.

Profit attributable to the Company’s equity holders for the Reporting Period droppedby 12.67% year-on-year to approximately HK$1,028 million. In view of the Group’s financial results, cash flow and the needs of its future development, the Board proposed to distribute a final cash dividend of HK15 cents per share for 2025, bringing the total cash dividend for the year to HK 25 cents per share, which is the same as the previous year.

During the Reporting Period, crude oil jetty and storage business segment generated revenue of approximately HK$659 million, down by 1.27%. The results of this segment reduced by 21.25% year-on-year to approximately HK$791 million. An investment return of approximately HK$89.84 million was generated from LNG vessel logistics business segment, down by 24.84% year-on-year. The reduction was mainly attributable to a one-off financial adjustment of China Energy on the accident losses of CESI QINGDAO for equipment failure and a year-on-year increase in the amortization of long-term vessels maintenance expenses.

Steady progress of Huade Petrochemical’s naphtha uploading business: During the Reporting Period, Huade Petrochemical maintained stable operation of existing business and strived hard to expand into third-party customers markets. It over came the challenges from the maintenance of the refining facilities of a major customer, with the business indicators of third-party customers hitting a record high. Moreover, it successfully expanded naphtha uploading business and completed the handling of approximately 690,000 tonnes of naphtha. It also completed crude oil unloading of approximately 14.86 million tonnes, up by 6.75%year-on-year. During the Reporting Period, Huade Petrochemical recorded revenue of approximately HK$659 million, down by 1.27% year-on-year. The segment results were approximately HK$277 million, up by 2.81% year-on-year.

Reduced investment income from domestic terminal companies due to lower processing loads of refineries: The Group's domestic crude oil jetty and storage business was adversely affected by lower processing loads of some refineries. During the Reporting Period, the Group’s five domestic terminal companies handled a total throughput of approximately 152 million tons, down by 14.24% year-on-year. The five domestic terminal companies and Caofeidian Shihua generated total investment income of approximately HK$365 million to the Company in the period, down by 37.18% year-on-year. As Sinomart KTS Development Limited,a subsidiary of the Company entered into an exclusive operating agreement with Caofeidian Port Group, the financial results of Caofeidian Shihua are consolidated into the Group’s consolidated financial statement in accordance with accounting standards.

Sustained high occupancy rate of Fujairah Company’s storage facilities: The oil prices faced downward pressure amid an international oil supply glut, which directly impacted on the storage demand for commercial reserves. In addition, newstorage tanks in the Port of Fujairah were gradually commissioned, resulting in increased competitive pressure for local storage tank business. During the Reporting Period, Fujairah Company, the Company's joint venture, maintained a high occupancy rate for its storage facilities. However, the average rental rate decreased by approximately 2.10% from the previous year. Affected by increased depreciation and finance costs related to the pipeline connection project between its storage area and the port's Very Large Crude Carrier("VLCC") terminal, the investment income provided by Fujairah Company to the Company decreased by 13.60% year-on-year to approximately HK$108million.

Vesta’s project connecting the Belgian storage area and the new terminal at the port of Antwerp isexpected to commence operation in the first half of this year:During the Reporting Period, Vesta, a joint venture of the Company, actively responded to the long-term development of jet fuel market and continued to enhance its market competitiveness. The occupancy rate of the Belgian storage area was 100% withthe average rental level increasing by approximately 17.27% year-on-year. The construction of the project connecting the Belgian storage area and the new terminal at the port of Antwerp started and it is scheduled to be completed and commissioned in the first half of this year. This project will ensure the safe and stable operation of the storage area in Belgium, enabling Vesta to further expand its storage and transportation business and to enhance the corporate efficiency. Meanwhile, the occupancy rate of the Dutch storage area was approximately 97% with the average rental level reducing by 1.28% year-on-year. During the Reporting Period, Vesta contributed an investment return of approximately HK$41.33 million for the Company, up by approximately 44.26% year-on-year.

Steady operation of LNG vessel logistics business: Underpinned by China’s stable natural gas imports, the Group’s LNG vessel logistics business remained steady in the Reporting Period. Its eight vessels completed a total of 98 voyages and transported approximately 16.16 million cubic meters of liquefied natural gas.The construction of the Group's three new LNG vessels are progressing steadily and they will be completed and put into operation from 2027 to 2028. The three new vessels will be leased to China Petroleum & Chemical Corporation(“Sinopec”, stock code: 0386) on a long-term basis to fulfill the LNG transportation requirements.

Promising development opportunities brought by the 15th Five-Year Plan: The year 2026marks the first year of the “15th Five-Year Plan” period. In the face of new opportunities and new challenges, the Group will stress on high-quality development and focus on deepening the reform and value creation, striving to raise its high-quality development to a new level. China’s “15th Five-Year Plan” emphasizes the importance of optimizing the layout of energy backbone channel sand accelerating the construction of new energy infrastructure. This creates opportunities for the Group to drive the development of core businesses.Meanwhile, the growing maturity of digital intelligence technology will make port operations more efficient and cost-effective, which will bring new investment opportunities to the port industry. The Board will adhere to the high-quality development principle, carry out scientific planning, strive hard to expand core businesses, explore business transformation, and actively respond to a variety of risks, thereby creating sustainable value for the Company’s shareholders.

About Sinopec Kantons

Sinopec Kantons is the sole red-chip listed subsidiary of Sinopec. It is principally engaged in operating crude oil loading and unloading, storage and transportation facilities and LNG shipping and is committed to becoming “A world-class International Petrochemical Storage& Logistics Company”. Currently, Sinopec Kantons holds seven wholly-owned or jointly-held domestic terminal companies, including one wholly-owned subsidiary - Huade Petrochemical Co., Ltd., one 90%-owned subsidiary -Caofeidian Shihua, and five 50%-owned joint ventures or associate – Zhan JiangPort Petrochemical, Qingdao Shihua, Ningbo Shihua, Rizhao Shihua (initiation of liquidation proceedings) and Tianjin Port Shihua. The Company is also engaged in overseas petrochemical storage business, namely VESTA in Europe and FOT in the Middle East. The Company also operates eight LNG vessels through owning two LNG shipping operating entities. Meanwhile, another three LNG vessels are under construction.

Disclaimer

This press release includes “forward-looking statements”. All statements, other than statements of historical facts that address activities, events or developments that the Group expects or anticipates will or may occur in the future (including but not limited to projections, targets, other estimates and business plans) are forward-looking statements. The Group’s actual results or developments may differ materiallyfrom those indicated by these forward-looking statements as a result of variousfactors and uncertainties, including but not limited to the price fluctuation, possible changes in actual demand, foreign exchange rate, market shares,competition, environmental risks, possible changes to laws, finance andregulations, conditions of the global economy and financial markets, politicalrisks, possible delay of projects, government approval of projects, costestimates and other factors beyond the Group’s control. In addition, the Group makes the forward-looking statements referred to herein as of today and undertakes no obligation to update these statements