10:54     SHANGHAI PECHEM<00338> - Announcement (3)                           

    The table below sets forth a summary of each of the framework             
    agreements:                                                               
                                                                              
             Segment  Connecte Terms    Historic                   Estimate   
    Category by       d        and      al                         d          
     of      product  parties  expiry   figures                    amount     
    connecte or                         (in RMB                    (in RMB    
    d        activity                   million)                   million)   
    transact                             for                        for       
    ion                                 the                        the        
                                        years                      years      
                                        ending                     ending     
                                        31                         31         
                                        December                   December   
                                        2002                                  
                                        2003                                  
                                        2004                                  
                                        2005                                  
                                        2006                                  
                                        2007                                  
                               Sales                                          
                               and                                            
                               Purchase                                       
                               s                                              
                               Framewor                                       
                               k                                              
                               Agreemen                                       
                               t                                              
    Purchase Crude     (i)     Three    11,912                                
    s of     oil,     Sinopec  years    16,661                                
    raw      naphtha  Transpor expiring 20,526                                
    material and      t and     on 31   21,600                                
    s        other    Storage  December 23,800                                
             raw      Company,          26,300                                
             material  a       2007                                           
             s        subsidia                                                
                      ry of                                                   
                      China                                                   
                      Petroche                                                
                      mical                                                   
                      Corporat                                                
                      ion                                                     
                      (ii)                                                    
                      Sinopec                                                 
                      United                                                  
                      Petroleu                                                
                      m and                                                   
                      Chemical                                                
                                                                              
                      Company                                                 
                      Limited,                                                
                       a                                                      
                      subsidia                                                
                      ry of                                                   
                      China                                                   
                      Petroleu                                                
                      m &                                                     
                      Chemical                                                
                                                                              
                      Corporat                                                
                      ion                                                     
                      (iii)                                                   
                      China                                                   
                      Petroleu                                                
                      m &                                                     
                      Chemical                                                
                                                                              
                      Corporat                                                
                      ion                                                     
                      (Shangha                                                
                      i Gao                                                   
                      Qiao                                                    
                      branch)                                                 
                      and                                                     
                      associat                                                
                      es of                                                   
                      China                                                   
                      Petroleu                                                
                      m &                                                     
                      Chemical                                                
                                                                              
                      Corporat                                                
                      ion                                                     
                                                                              
    Sales    Petroleu China    Three    7,400                                 
    of       m        Petroleu years    8,146                                 
    petroleu products m &      expiring 11,473                                
    m                 Chemical  on 31   13,000                                
    products                   December 14,300                                
                      Corporat  2007    15,700                                
                      ion                                                     
                      (Huadong                                                
                       Sales                                                  
                      branch)