Recently, China Petroleum & Chemical Corporation's investment in Longhe Asia Vets Equipment Manufacturing Co., Ltd. (referred to as "Longhe Asia Vets") has been officially completed. Longhe Asia Vets is a leading enterprise in the field of logistics automation in China, listed as one of the first batch of Specialized, Special and New small giant key enterprises by the Ministry of Industry and Information Technology and as one of the eighth batch of manufacturing single champion enterprises. Its independently developed series of automatic loading and unloading products have entered the national first batch of major technological equipment promotion and application guidance directory, with multiple technological achievements filling domestic gaps. The investment from China Petroleum & Chemical Corporation into Longhe Asia Vets will further deepen the cooperation between both parties, focusing on promoting the intelligent transformation of China Petroleum & Chemical Corporation's warehousing logistics and jointly facilitating the upgrade of logistics from a support role to one of value creation.