Recently, china petroleum & chemical corporation's capital investment in Chengdu Laonipusi Technology Co., Ltd. (referred to as 'Laonipusi') has completed the settlement. The capital investment will actively promote collaborative technology research and development communication between Laonipusi and the group's upstream enterprises, jointly advancing the application of new technologies and new products to the reservoir transformation of oil & gas fields, contributing to increasing reserves and production of china petroleum & chemical corporation's oil & gas resources.