We learned from the Sinopec News Office that Sinopec announced the completion of the restructuring of China Aviation Fuel, and China Aviation Oil has officially become a second-tier wholly-owned subsidiary of Sinopec. This is an important measure to promote the strategic and professional restructuring of central enterprises. It is also an initiative to serve the national strategy and deal with international competition. It will enhance the ability and level of ensuring the safety of the country's aviation energy supply, promote a green and low-carbon transformation of aviation energy supply, and better serve the needs of the people for better travel. At the end of 2025, with the approval of the Party Central Committee and the State Council, the State Council's State-owned Assets Administration Commission made a strategic plan for the restructuring and integration of China Aviation Fuel into Sinopec. On January 8 of this year, the State Council's State-owned Assets Administration Commission held a restructuring conference and put forward clear requirements for actively and steadily advancing the restructuring work. The two central enterprises carried out pre-restructuring procedures in accordance with the law. On June 18, the restructuring matters were approved by all domestic and foreign supervision. The registration of industrial and commercial changes was completed on July 9, marking the successful completion of the restructuring work.

We learned from the Sinopec News Office that Sinopec announced the completion of the restructuring of China Aviation Fuel, and China Aviation Oil has officially become a second-tier wholly-owned subsidiary of Sinopec. This is an important measure to promote the strategic and professional restructuring of central enterprises. It is also an initiative to serve the national strategy and deal with international competition. It will enhance the ability and level of ensuring the safety of the country's aviation energy supply, promote a green and low-carbon transformation of aviation energy supply, and better serve the needs of the people for better travel. At the end of 2025, with the approval of the Party Central Committee and the State Council, the State Council's State-owned Assets Administration Commission made a strategic plan for the restructuring and integration of China Aviation Fuel into Sinopec. On January 8 of this year, the State Council's State-owned Assets Administration Commission held a restructuring conference and put forward clear requirements for actively and steadily advancing the restructuring work. The two central enterprises carried out pre-restructuring procedures in accordance with the law. On June 18, the restructuring matters were approved by all domestic and foreign supervision. The registration of industrial and commercial changes was completed on July 9, marking the successful completion of the restructuring work.