Binhai Investment subsidiary backs Sinopec LNG expansion with capital boost

On December 24, 2025, Binhai Investment (Tianjin), a wholly-owned subsidiary of Binhai Investment Company Limited, agreed to contribute RMB4,400,000 in cash to increase the registered capital of Sinopec LNG. This is part of a larger capital increase by Sinopec Natural Gas, a subsidiary of Sinopec Corp, contributing RMB215,600,000. This brings Sinopec LNG's total registered capital from RMB4,874,200,000 to RMB5,094,200,000. Post-increase, Binhai Investment (Tianjin) will maintain its 2% equity interest, with Sinopec Natural Gas holding 98%.

The funds will support Sinopec LNG's construction project to expand its LNG operations, specifically Phase III. This phase includes adding five LNG storage tanks (270,000 m³ capacity), new cold and heat interchange devices, and a light hydrocarbon separation device. Upon completion, Sinopec LNG's receiving terminal throughput capacity is projected to reach approximately 11,650,000 tons per year. The transaction is classified as a connected transaction under Listing Rules Chapter 14A, subject to reporting and announcement requirements.

Sinopec LNG is a limited liability company in the PRC involved in the construction and operation of LNG terminals and piers, as well as LNG product storage and processing. For 2024, Sinopec LNG reported a profit before taxation of RMB3,676,720 and a profit after taxation of RMB5,733,987. Its unaudited net asset value as of June 30, 2025, was approximately RMB5,129,648,178.