In 2022, the Company implemented the innovation-driven strategy, focused on seeking breakthrough in key and core technologies, continued to strengthen basic and cutting-edge research, and further promoted the reform of science and technology system and mechanism, so as to play a supporting role in implementing high-quality development action and building a world-leading company.

“Science Reform Demonstration Initiative” was carried forward. Sinopec Catalyst Co., Ltd. was again awarded the title of “Science Reform Demonstration Enterprise” by SASAC. Sinopec Beijing Research Institute of Chemical Industry was selected into the list for quality enhancement and scope expansion campaign. The basic research capability system was also strengthened. The first 6 projects that held open competition to select the best technology were launched. The “Seedling Program” was carried out to encourage exploration and supply of new areas, new processes and new technologies. Mechanism was set in place and reinforced to provide support and guarantee. We accelerated the construction of pilot zones in Tianjin etc. and built specialized scientific experimental bases. We sped up the digital transformation and data governance in science and technology, and further improved the management efficiency for the area. We established the Sinopec Science and Technology Association to set up an organizational management structure and carry out popularization of scientific knowledge related to Sinopec’s business scope.