Sinopec Wins Canada's 2011 Trade Achievement Award

On February 29, Sinopec won the 2011 Trade Achievement Award from Canada for the acquisition of Daylight Energy. The State Exploration Company sent personnel to Toronto to attend the award ceremony.

The Trading Achievement Award is the largest acquisition and merger award in Canada. It aims to promote industry development and innovation, establish a business model, improve product quality, and create demand and value. The award was sponsored and organized by the "Global News", Reuters, Rexport Law Magazine and Deloitte & Touche. The Transaction Achievement Award consists of 16 sub-items. Sinopec Corp. won the Outbound Investment Contribution Award this time.

On October 10, 2011, Sinopec and Daylight Energy of Canada signed an agreement in Beijing to acquire 100% shares of Daylight Energy Corporation for C$10.08 per share. This is Sinopec's first production operation project in Canada. After the project acquisition, Sinopec made full use of Daylight's original management, technology, and human resources advantages [2065.85-0.13%] to promote the rapid and healthy development of the company's business.

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