Sinopec Group has adhered to the guideline of “put technological development first to invigorate Sinopec” for many years. Focusing on the main businesses of petroleum and petrochemicals, the company has promoted independent innovation, strengthened the efforts for technological research and established its technological innovation system.As a result, the company has developed a series of core technological and dedicated technologies with international competitiveness, ranking it on the forefront of the world’s advanced technology. It has also developed some valuable

methods in promotion of technological innovation and progress. Those methods include perfecting innovation system to construct the technological platform for development of the main businesses, strengthening top-level design to guide technological research, stepping up combination of technological research with industry to establish the “big circulation” mechanism, and creating the organizational pattern for key projects to establish the technological research mechanism.Based on enterprises, the innovation system combines domestic research with its foreign counterparts as well as research with production. The company has established the unique internal technological market mechanism so that market can play a role in allocation of resources. The company has cultivated technological elite, promoted development of innovationculture and created good atmosphere for innovation.