What is the Sinopec Corporate Culture Outline and what are the main connotations?

In August 2014, the Outline of Corporate Culture Construction of Sinopec (2014 Revision) (the new Outline) was formulated and promulgated. The promulgation of the new Outline is an important initiative for SINOPEC to promote the construction of corporate culture, which provides all SINOPEC employees with the ****same value to follow and behavioral guide to build a world-class, builds a firm inner foundation for the company's brand and corporate image, and provides a strong spiritual impetus and cultural support for the construction of a people's satisfaction, world-class energy and chemical company.

The new Outline gives more prominence to people-oriented, green and low-carbon, environmental protection, social responsibility, internationalization and marketization, and establishes the corporate mission of "fueling for a better life", the corporate vision of "building a people's satisfaction, world-class energy and chemical company", the corporate vision of "building a people's satisfaction, world-class energy and chemical company", and the corporate vision of "building a people's satisfaction, world-class energy and chemical company". It has established the corporate mission of "fueling for a better life", the corporate vision of "building a world-class energy and chemical company to the satisfaction of the people", and the corporate core values of "people-oriented, responsibility, integrity, refinement, innovation, and ****winning".

SINOPEC takes "fueling a better life" as its corporate mission. We adhere to the human aspirations for a better life as the direction of corporate development, and are committed to providing more advanced technology, better quality products and more thoughtful services to fuel social development; we adhere to the green and low-carbon path of sustainable development, and accelerate the construction of an industrial structure and mode of production conducive to the conservation of resources and the protection of the environment, so as to contribute to the promotion of the construction of an ecological civilization; and we adhere to the concept of cooperation***winning development, so that the company will continue to grow and develop. The company will continue to grow and develop while bringing benefits to all stakeholders.

SINOPEC's corporate vision is "to become a world-class energy and chemical company that satisfies the people".

- - Committed to becoming a people-pleasing enterprise. SINOPEC will emphasize more on the quality and efficiency of development, technological progress, green and low-carbon, and people-oriented, and strive to provide first-class products, technologies and services, and display a first-class image of social responsibility, so as to satisfy its employees, customers, shareholders, the general public, and the people of the countries where it operates, and to become a great, highly responsible and highly respected enterprise.

- - Committed to becoming a world-class enterprise. A world-class enterprise requires not only first-class scale, quality and efficiency, but also first-class corporate management and social image, as well as first-class ability to compete in the market and internationally. SINOPEC will make unremitting efforts to become an advanced enterprise with standardized governance, efficient management, advanced culture, a high degree of marketization, strong international operation capability, and world-class technology, talents and brands in accordance with the standards of a world-class enterprise.

- - Committed to becoming a green and efficient energy and chemical enterprise. Taking energy and chemical industry as the main business direction, we will optimize our strategic layout and business structure, and while developing our traditional business, we will continue to develop and efficiently utilize new energy sources such as shale gas, geothermal heat, and biomass energy, research and develop new chemical materials, and promote the clean utilization of coal resources, so as to become a green and efficient energy and chemical enterprise.

The above three aspects are organic and unified, reflecting the requirements for enterprise development in the context of economic globalization, the essential characteristics of an international enterprise, the development trend of the energy industry, and the conscious pursuit of SINOPEC's reform and development.

SINOPEC takes "People-oriented, Responsibility, Integrity, Sophistication, Innovation, and ****-win" as its core values.

People-oriented - people-oriented development of the enterprise. Starting from the needs of the majority of customers and the public, to determine the direction of development of enterprises, research and development of first-class products, provide first-class service. Take the staff as the main force of enterprise development, create conditions for the comprehensive development of the staff, so that the staff live a happier life.

Responsibility - - To serve the country and the people for the benefit of mankind. While fulfilling the responsibilities of a state-owned enterprise and contributing to the country, we should simultaneously contribute to the countries (regions) in which we operate and fulfill the relevant economic, legal and charitable responsibilities; we should also fulfill the responsibilities of an internationalized company, research and develop first-class products, provide first-class services, and strive to benefit the whole of mankind.

Integrity - We honor our commitments and keep our word. We insist that "every drop of oil is a promise", take credit as the foundation of enterprise development, educate and guide every employee to be honest, speak honestly, do honest things, operate in good faith according to the law, standardize operation, and establish a good brand image for the enterprise.

Fine - - fine and rigorous, stopping at the best. With strict requirements and meticulous attitude, to develop a fine and rigorous work style of all staff, the pursuit of production, fine farming, operation, management, management and technical excellence, and strive to improve the level of production and management.

Innovation - - Based on leading, the pursuit of excellence. Put innovation throughout the whole process of production and operation of the company, vigorously promote the concept, system, mechanism, management, technology, products, services and other aspects of innovation, leading the development of the market, to create industry benchmarks, the achievement of excellence in quality.

***Win - - Cooperation and mutual benefit, *** with the development. Adhere to openness and tolerance, sincere cooperation, follow and respect the laws and regulations of the country (region) where the business is located, cultural practices, draw on and integrate the excellent culture and advanced experience of the partners, to help customers enhance the value of the enterprise and stakeholders *** with the development, mutual benefit *** win.