Gelonghui, March 10 | Petrochemical Machinery (000852.SZ) announced that in order to regulate transactions between the company and China Petroleum & Chemical Group Co., Ltd. (hereinafter referred to as “Sinopec Group”), China Petroleum & Chemical Corporation (hereinafter referred to as “Sinopec Corporation”) and its subsidiaries relating to land use rights and real estate leasing matters, the company signed a “Land Use Rights and Real Estate Leasing Framework Agreement” with Sinopec Group and Sinopec Co., Ltd.

This related transaction falls within the normal business scope of the company's production and operation activities. It is necessary for the company to carry out production and operation activities. The agreement regulates transactions relating to land use rights and real estate leasing matters between the company and Sinopec Group, Sinopec Corporation and its subsidiaries, which is conducive to standardized operation of listed companies and to safeguarding the interests of shareholders of listed companies.