Group 1 - Sinopec Kantons (00934.HK) announced an exclusive operating agreement with Caofeidian Port Group, effective February 12, 2026, for crude oil terminal operations [1] - Following the agreement, Caofeidian Shihua will provide exclusive services to Sinopec Kantons or its designated clients, and it will be classified as an indirect non-wholly owned subsidiary of the company [1] - The financial performance of Caofeidian Shihua will be consolidated into the group's financial statements after reassessment under applicable accounting standards [1] Group 2 - As of February 12, 2026, Sinopec Kantons closed at HKD 4.3, up 0.47%, with a trading volume of 1.006 million shares and a turnover of HKD 4.2943 million [1] - The stock has not received any ratings from investment banks in the past 90 days, indicating low attention from analysts [1] - Sinopec Kantons has a market capitalization of HKD 10.641 billion, ranking 4th in the petrochemical industry [1]

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, 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 business [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]

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]