On November 12, Grong Hui reported that china petroleum engineering corporation (600339.SH) announced that it has received a notification from the controlling shareholder, china petroleum & chemical corporation (referred to as "Sinopec Group"), to deepen the strategic cooperation between Sinopec Group and China Petrochemical Corporation(referred to as "Sinopec Group"), optimize the company's equity structure. Sinopec Group and a wholly-owned subsidiary of China Petrochemical Corporation, Sinopec International Energy Investment Co., Ltd. (referred to as "Sinopec International"), signed a share transfer agreement on November 12, 2024, with the intention of transferring 463,140,000 shares of Class A shares held by Sinopec Group (approximately 8.30% of the total share capital of the company) to Sinopec International by the approval of the State-owned Assets Supervision and Administration Commission of the State Council (referred to as "SASAC") through the transfer of state-owned shares. After this transfer, Sinopec Group will directly hold 2,567,826,809 shares of the company, accounting for approximately 45.99% of the total share capital of the company; indirectly through China Petroleum Group Engineering Service Co., Ltd., hold 1,000,000,000 shares of the company, accounting for approximately 17.91% of the total share capital of the company. Sinopec International will directly hold 463,140,000 shares of the company, accounting for approximately 8.30% of the total share capital of the company. This transfer will not lead to any change in the company's controlling shareholder or actual controller.