Sinopec Oilfield Equipment Corporation (000852.SZ) announced on October 15th that the company recently publicly tendered the construction project of the company's research and development manufacturing base on the Wuhan Public Resources Exchange platform. This public tender strictly follows the procedures based on national laws and regulations and the company's tender management system, in accordance with the principles of openness, fairness, and justice. After completing the evaluation process, Sinopec Shengli Construction Engineering Co., Ltd. (referred to as "Shengli Construction") became the first candidate for the project, with a winning bid price of 77,404,889.22 yuan. The company made an announcement in accordance with relevant regulations, without any objections during the announcement period, and intends to sign the "Sinopec Oilfield Equipment Corporation Research and Manufacturing Base Construction Project General Contract for Construction" with Shengli Construction.

The company's major shareholder, China Petrochemical Corporation, holds 56.52% equity in Sinopec Petroleum Engineering Technology Service Co., Ltd., which in turn owns 100% equity in Sinopec Petroleum Engineering Construction Co., Ltd. Sinopec Petroleum Engineering Construction Co., Ltd. holds 100% equity in Sinopec Shengli Construction Engineering Co., Ltd. Based on the related party transaction defined in Article 6.3.3(2)(ii) of the Shenzhen Stock Exchange Rules for the Listing of Stocks, this transaction constitutes a related party transaction.