Core Viewpoint - Sinopec Kantons Holdings (00934) has entered into an exclusive operating agreement with Caofeidian Port Group, enhancing its operational control over the Caofeidian Shihua oil terminal business, which will now be consolidated into the company's financial statements as an indirect non-wholly owned subsidiary [1] Group 1 - The exclusive operating agreement allows Sinopec Kantons to strengthen its operational coordination and management of the Caofeidian Shihua oil terminal [1] - The agreement provides Sinopec Kantons with greater influence over customer resource management, oil unloading coordination, and operational scheduling, leading to improved overall operational efficiency [1] - The board believes that this arrangement will benefit the long-term, stable, and effective operation of Caofeidian Shihua, aligning with the overall interests of the company and its shareholders [1]