Core Viewpoint - Sinopec Kantons Holdings (00934) announced that the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has placed Rizhao Shihua Oil Terminal Co., Ltd. (in which the company holds a 50% stake) on the Specially Designated Nationals (SDN) list, which may impact the company's overall performance [1] Financial Impact - Rizhao Shihua is primarily engaged in the operation of oil terminals and related facilities, contributing approximately 12% to the company's pre-tax profit for the fiscal year 2024, which is estimated to be around HKD 1.287 billion [1] - Following the inclusion of Rizhao Shihua on the SDN list, the company anticipates potential restrictions on its related business, which could adversely affect the overall performance of the group [1] Operational Status - The company's other business operations remain normal despite the developments concerning Rizhao Shihua [1]
中石化冠德：日照实华被OFAC列入SDN清单