Senior USACE Official Confirms Issue Following Flurry of Inaccurate Stories

VANCOUVER, BC / ACCESSWIRE / August 31, 2020 / Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) ("Northern Dynasty" or the "Company") reports that its 100%-owned US-based subsidiary Pebble Limited Partnership ("Pebble Partnership" or "PLP") issued the following public statement on August 28, 2020:

A Washington Examiner story, published today, confirmed what the Pebble Partnership has been expressing for nearly a week – that the policy position of the U.S. Army Corps of Engineers ("USACE") regarding mitigation and the path to a Record of Decision ("ROD") for Pebble is outlined in the letter dated August 20th, 2020 addressed to the Company. The Washington Examiner reports today that Ryan Fisher, the Principal Deputy Assistant Secretary of the Army for Civil Works, one of the senior leaders responsible for the USACE, clarified that the Alaska District letter is the "guiding policy" for the federal review for Pebble and "not a press release from the Army that used stronger language against the project or other political noise in opposition to it".

"We have confirmation of what we have known for some time – the policy position regarding Pebble comes directly from the Alaska District and it is exactly what we have been telling the media and other stakeholders all week. There is a path forward for Pebble and we are working our way along it. Another way to look at this is that we were working before the Monday letter and we are continuing our work today. And, so is the USACE project team," said Collier. "We understood that the letter on wetlands mitigation was the operating document for the next steps in the process, but we're glad that a senior department official has clarified for others who don't understand the permitting process nor have read the actual EIS."

Many news media outlets incorrectly reported that the Trump Administration had stopped or was going to stop the project. Much of the speculation came from misreading the intent of a USACE letter regarding the mitigation requirements the agency had set for the Pebble Project. Nothing in the letter was new to the Pebble team as the company has been in discussions with the USACE about mitigation since the announcement of the draft Least Environmentally Damaging Practicable Alternative ("LEDPA") for the project. A press release from the Army Public Affairs office said that the USACE "finds that the project as currently proposed cannot be permitted" and several news stories have interpreted this to mean the project is finished. Collier said this is simply incorrect.

"Quite frankly it has been astonishing to watch how quickly the news media and others irresponsibly jumped on the bandwagon to report that the project had been stopped – even when we repeatedly told them it has not. We had been anticipating the USACE letter for some time and told this to many who frankly did not care to believe our position. At least we now have solid confirmation about the policy position of the USACE as the week draws to a close. Perhaps now we can get back to focusing on our core work and that is to finalize the mitigation plan for the project," said Collier.

The Pebble team remains at work to finalize a mitigation plan – something the company has been working on for the last couple of months. Collier noted that once the company had clarity that the USACE had changed direction about its approach to wetlands mitigation to seek in-kind mitigation, the project team began working on a plan that would meet the USACE requirements. Pebble has had crews in the field finalizing wetlands survey work in the Koktuli watershed for several weeks and anticipates finishing the field work by early September. Collier further noted that reports stating the project could not achieve mitigation are equally incorrect.

"It is my hope that we can now get back to reporting about the facts when it comes to Pebble. We will provide the necessary mitigation and in fact we are well down the road to doing so. The final Environmental Impact Statement says Pebble development won't damage the fishery in Bristol Bay. Thus, we see no scientific or regulatory reason why we should not have a positive record of decision on the project," said Collier.

A number of other articles were published late last week regarding this topic:

OpEd in The Hill by Alaska Governor Dunleavy

https://thehill.com/opinion/energy-environment/514114-let-alaska-use-its-natural-resources

Blog post in the American Thinker by Sandy Szwarc https://www.americanthinker.com/blog/2020/08/trump_should_allow_resource_development_in_alaskas_pebble_mine.html

Article in North of 60 Mining News by Shane Lasley https://www.miningnewsnorth.com/story/2020/08/28/news/pebble-mine-death-grossly-exaggerated/6415.html

About Northern Dynasty Minerals Ltd.

Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty's principal asset, owned through its wholly owned Alaska-based U.S. subsidiary, Pebble Limited Partnership ("PLP"), is a 100% interest in a contiguous block of 2,402 mineral claims in southwest Alaska, including the Pebble deposit. PLP is the proponent of the Pebble Project, an initiative to develop one of the world's most important mineral resources.

For further details on Northern Dynasty and the Pebble Project, please visit the Company's website at www.northerndynastyminerals.com or contact Investor services at (604) 684-6365 or within North America at 1-800-667-2114. Review Canadian public filings at www.sedar.com and US public filings at www.sec.gov.

Ronald W. Thiessen
President & CEO

US Media Contact:
Dan Gagnier
Gagnier Communications
(646) 569-5897

Forward Looking Information and other Cautionary Factors

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. These statements include statements regarding (i) the mine plan for the Pebble Project, (ii) the social integration of the Pebble Project into the Bristol Bay region and benefits for Alaska, (iii) the political and public support for the permitting process, (iv) the issuance of a positive Record of Decision by the US Army Corps of Engineers and the ability of the Pebble Project to secure state permits, (v) the right-sizing and de-risking of the Pebble Project, (vi) the design and operating parameters for the Pebble Project mine plan, (vii) exploration potential of the Pebble Project, (viii) future demand for copper and gold, (ix) the potential partnering of the Pebble Project, and (x) the ability and timetable of NDM to develop the Pebble Project and become a leading copper, gold and molybdenum producer. Although NDM believes the expectations expressed in these forward-looking statements are based on reasonable assumptions, such statements should not be in any way be construed as guarantees that the Pebble Project will secure all required government permits, establish the commercial feasibility of the Pebble Project or develop the Pebble Project. Assumptions used by NDM to develop forward-looking statements include the assumptions that (i) the Pebble Project will obtain all required environmental and other permits and all land use and other licenses without undue delay, (ii) studies for the development of the Pebble Project will be positive, (iii) NDM's estimates of mineral resources will not change, (iv) NDM will be able to establish the commercial feasibility of the Pebble Project, and (v) NDM will be able to secure the financing required to develop the Pebble Project. The likelihood of future mining at the Pebble Project is subject to a large number of risks and will require achievement of a number of technical, economic and legal objectives, including (i) obtaining necessary mining and construction permits, licenses and approvals without undue delay, including without delay due to third party opposition or changes in government policies, (ii) finalization of the mine plan for the Pebble Project, (iii) the completion of feasibility studies demonstrating that any Pebble Project mineral resources that can be economically mined, (iv) completion of all necessary engineering for mining and processing facilities, (v) the inability of NMD to secure a partner for the development of the Pebble Project, and (vi) receipt by NDM of significant additional financing to fund these objectives as well as funding mine construction, which financing may not be available to NDM on acceptable terms or on any terms at all. NDM is also subject to the specific risks inherent in the mining business as well as general economic and business conditions, such as the current uncertainties with regard to COVID-19.

The National Environment Policy Act Environmental Impact Statement process requires a comprehensive "alternatives assessment" be undertaken to consider a broad range of development alternatives, the final project design and operating parameters for the Pebble Project and associated infrastructure may vary significantly from that contemplated in this presentation. As a result, the Company will continue to consider various development options and no final project design has been selected at this time.

For more information on the Company, Investors should review the Company's filings with the United States Securities and Exchange Commission and its home jurisdiction filings that are available at www.sedar.com.

SOURCE: Northern Dynasty Minerals Ltd.

ReleaseID: 604006

NEWPORT BEACH, CA / ACCESSWIRE / August 31, 2020 / DPW Holdings, Inc. (NYSE American:DPW) a diversified holding company ("DPW" or the "Company") today announced that it will be presenting at the LD 500 Virtual Conference on September 1, 2020 at 11:20 AM PST / 2:20PM EST. Milton "Todd" Ault, III, DPW's CEO and Chairman and William B. Horne, DPW's President will be presenting to a live virtual audience.

DPW's CEO and Chairman, Milton "Todd" Ault, III said, "We are looking forward to presenting to all the attendees at this conference and providing an overview of DPW and our key subsidiaries. We always look forward to participating at LD Micro events and educate investors and others about the Company's value proposition and the plans DPW and its subsidiaries has for the rest of 2020 and next year to grow the business and improve our bottom line."

Pre-registration is mandatory. To register, please use this link, LD 500 Virtual Conference.

"We have been waiting for this moment all year long. Due to COVID, it has been nearly impossible for physical conferences to even take place. I want to show the world that you can still learn, have a great time, and see some of the most unique companies in the capital markets today. All without having to step foot outside. For the first time, LD Micro is accessible to everyone, and we are honored to welcome you to one of the most trusted platforms in the space." stated Chris Lahiji, Founder of LD.

The LD 500 will take place on September 1st through the 4th. Use this link to view DPW Holdings' profile here: http://www.ldmicro.com/profile/DPW

For more information, DPW recommends that stockholders, investors and any other interested parties read the Company's public filings and press releases available under the Investor Relations section at http://www.DPWHoldings.com or available at www.sec.gov.

About DPW Holdings, Inc.

DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, the Company provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, telecommunications, medical, and textiles. In addition, the Company extends credit to select entrepreneurial businesses through a licensed lending subsidiary. DPW's headquarters are located at 201 Shipyard Way, Suite E, Newport Beach, CA 92663; www.DPWHoldings.com.

About LD Micro

Back in 2006, LD Micro began with the sole purpose of being an independent resource to the microcap world. What started as a newsletter highlighting unique companies, has transformed into the pre-eminent event platform in the space. The upcoming "500" in September is the Company's most ambitious project yet, and the first event that is accessible to everyone.

Forward-Looking Statements

This press release contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "believes," "plans," "anticipates," "projects," "estimates," "expects," "intends," "strategy," "future," "opportunity," "may," "will," "should," "could," "potential," or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company's business and financial results are included in the Company's filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company's Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company's website at www.DPWHoldings.com.

Contacts:

DPW Holdings via LD Micro, IR@DPWHoldings.com or 1-888-753-2235

SOURCE: DPW Holdings, Inc. via LD Micro

ReleaseID: 604023

NEW YORK, NY / ACCESSWIRE / August 31, 2020 / Healthcare industry is under enormous pressure, especially in the midst of Covid-19 period. The unexpected global pandemic has presented overwhelming challenges on human beings. Scientist, medical experts, doctors and nurses across the globe have undertaken their responsibility to fight against the disease. However, with a shortage of healthcare labor force, we still cannot deny how limited the current medical capacity is.

On December 30 of 2019, Healthmap, an artificial intelligence (AI) data-driven system that scans data sources for disease outbreak signs, detected an unusual activity about a new type of pneumonia burst in China. One day later, BlueDot, an AI risk outbreak software, raised a similar alarm after scanning thousands of Chinese news reports through its machine learning algorithms.

There's no doubt that Covid-19 has been a catalyst for strengthening the increasing connection and cooperation between AI and healthcare industry.

Medical image diagnosis for future healthcare

AI and ML can be powerful methods for everything in healthcare: medicine research, diagnosis, disease prevention and control, patient treatment, even administrative and personnel management. AI/ML-enabled systems improve their capabilities and effectiveness by automating the most repetitive and homogenous activities. It is currently moving out of the labs and into real world applications in the health sector.

When it comes to medical images, ML's applications can cover the entire cycle from image creation and reconstruction to diagnosis and outcome prediction. AI-backed Machines use the computer vision to detect patterns that human eye can hardly catch and correlate them with similar medical image data to identify possible diseases and prepare reports after analysis. X-ray, computed tomography (CT) scan, magnetic resonance imaging (MRI) and other image-based test reports can be easily screened to predict various illness in an automated, accurate, and fast way.

Some healthcare companies are now using ML technology to detect organ anomalies, such as identifying tumors from an MRI scan of the brain, along with millions of labeled medical images to show the affected area and to train ML algorithms to detect such diseases. For example, AI semantic segmentation can be used in liver and brain diagnosis; polygon annotation can be used in dentistry; bounding box in kidney stone; annotation detection in cancer cells, and etc. Medical image annotations provide results of greater accuracy in the early detection, diagnostics and treatment of disease as well as understanding the normal. The medical imaging diagnosis is seen as a powerful method for future applications in the health sector.

Bottlenecks of medical image labeling

High-quality training data is the key to building ML models and help to improve medical image-based diagnosis. However, a great challenge in this field is the lack of high quality data and annotation. Specifically, medical imaging annotations have to be performed by clinical specialists, which is costly and time-consuming.

As DJ Patil and Hilary Mason write in Data Driven, "Cleaning the data is often the most taxing part of data science, and is frequently 80% of the work." The lack of high quality data and annotation presents an overwhelming challenge for machine learning industry, limiting their ability to provide the "right data" to answer specific questions. Currently, most medical research organizations have limited access to data samples from a certain geographic areas.

The hardest part of building AI products is not the AI or algorithms but data preparation and labeling. For example, retinal images are used to develop automated diagnostic systems for conditions, such as diabetic retinopathy, age-related macular degeneration. In order to do that millions of medical images need to be labeled by various conditions structurally. This is laborious as it requires identification of very small structures and usually takes hours for experts to annotate them carefully.

Turning points

Aware of those challenges, ByteBridge.io moves a big step forward through its automated data collection and labeling platform. It allows researchers to have access to high-quality labeled datasets related to health care and public health.

ByteBridge's innovative service platform empowers healthcare researchers and ML medical companies to use data cost-effectively and improve healthcare outcomes. From data collection, to data labeling, to machine learning applications, ByteBridge.io provides professional data annotation service on medical images with the highest quality and maximum accuracy.

Different with traditional data labeling companies, in ByteBridge's dashboard, researchers can create the data project by themselves, upload raw data, download processed results as well as check ongoing labeling progress simultaneously on a pay-per-task model with clear estimated time and more control over the project status.

Compared to existing Western companies for data annotation outsourcing, Bytebridge.io charges 90% lower. It offers 50% cheaper price than its competitors in China and India. More than that, ByteBridge's data processing speed is more than 10 times faster than the current data annotation company.

"I believe that we can achieve great innovation in this field based on our product development capabilities and underlying blockchain-based technology. ByteBridge.io is aimed at accelerating the development of ML industry and seamlessly transforming it into other essential areas such as healthcare," said Brian Cheong, CEO of ByteBridge.io.

Imagine one day, patients can simply go through a fast AI scan as diagnosis; smart wearable devices, such as Apple Watch, can analyze physical data, note abnormality and generate an alarm before you are about to have a heart attack or stroke; medical detection and prediction can be fully automated and supervised with little human intervention. Such scenes can definitely be realized in the coming future, thanks to ML and AI technology.

Machine Learning has achieved unprecedented success in computer vision and other industries so far. And now it is drastically revolutionizing healthcare area with indispensable support from automated data labeling service.

SOURCE: TTC Foundation

ReleaseID: 604033

ROCK HILL, SC / ACCESSWIRE / August 31, 2020 / For most of America's 3.5 million truckers, the 2020 Form 2290 deadline is today. Failing to file Form 2290 by midnight on August 31 will result in serious IRS penalties and possibly even the suspension of IRP registration.

Those who miss the deadline will be immediately penalized an additional 4.5% of their owed tax amount. Additionally, a current stamped Schedule 1 (proof of 2290 filing) is required to maintain IRP registration.

ExpressTruckTax, a product of SPAN Enterprises, leads the way in making it possible for truckers to file Form 2290 on time. With their innovative e-filing solution, truckers can file with any device and from anywhere — even the cab of their truck.

"Over the last ten years, we have streamlined Form 2290 e-filing so that it now takes less than 5 minutes to fill out and file," says Agie Sundaram, CEO of SPAN Enterprises. "There is no better solution for meeting the 2290 deadline than ExpressTruckTax."

Returns transmitted through ExpressTruckTax are typically accepted by the IRS within minutes, meaning truckers will get their stamped Schedule 1 almost instantly. When paper filing Form 2290, the same process can take several weeks.

With the exclusive ExpressGuarantee from ExpressTruckTax, truckers are guaranteed that their 2290 return will be accepted and they will receive their Schedule 1, or their money back. If the 100% US-based customer support team cannot get a return accepted, they will refund the entirety of the filing fee, no questions asked.

The ExpressTruckTax customer support team is available during extended hours until the Form 2290 deadline. Clients can have their questions answered in English or Spanish until late in the evening by calling 704.234.6005.

Pricing starts at just $9.90 for a single truck. Truckers who still need to file are encouraged to go to www.ExpressTruckTax.com.

About SPAN Enterprises:

Founded in 2009, SPAN Enterprises leads the market in producing software solutions and mobile applications for truck taxes and trucking business management. The company's mission is to create innovative software solutions for small businesses and the trucking industry. SPAN Enterprises serves thousands of clients all across the nation from their office in Rock Hill, SC. SPAN Enterprises has been named on the Inc 5000, Charlotte Fast 50, and SmartCEO Future 50. For more information about SPAN Enterprises, visit its website at http://www.spanenterprises.com/

CONTACT:
Caleb Flachman | Marketing
Caleb@spanenterprises.com
704-234-7120 ext. 101

SOURCE: SPAN Enterprises

ReleaseID: 603867

TAIWAN / ACCESSWIRE / August 31, 2020 / Taiwan is famous for its functional fabrics for outdoor and sports lifestyle applications. Taiwan's textile industry has long been positioning itself as "A Silicon Valley for Textiles" and it is a long-term trusted partner of international brands.

Taiwan has the edge of the advanced technologies in textiles and electronics. Apart from functional fabrics, smart textiles is an emerging new field of research that combines the strengths and capabilities of textiles and electronics in one. Taiwan Smart Textile Association (TSTA) was established to serve as an interactive communication network among the industry, academic and research institute in this field to accelerate the development of smart textiles.

New Product Launch@ 2020 ISPO MUNICH

The main applications of Taiwan's smart textiles are sports and fitness, entertainment, health management, and medical care. According to IDTechEX, the global market of smart textiles is expected to grow over 3 billion US dollars in 2026, while "medical care" and "sports and fitness" remains as the top 2 end-use applications for smart textiles. The demand by regions for the smart medical care textiles is ranked by North America, Europe, and Asia-Pacific.

Taiwan Select@ 2020 ISPO MUNICH

In the wake of the COVID-19, the demand for products used in health protection and medical care is increasing. Some of the potential applications for Taiwan's smart textiles include electronics embedded into textiles that enable registration and transmission of physiological data, and wireless communication between the wearer and the medical personal. These could be applied to personal health and medical care at home, hospitals, and nursing homes, etc.

To enable buyers around the world to get updates on Taiwan's smart textiles, Taiwan Textile Federation (TTF) will host two online events, namely, Online New Product Launch and TaiwanSelect@NorthAmerica virtual exhibition, at the end of September.

The Online New Product launch will go live on Textile Export Promotion Project (TEPP)'s Facebook and YouTube channel. It will bring together top-notched manufacturers including Tex-Ray, Asiatic Fiber, Makalot , E. Textint and City Bright who will present their latest offers of smart textiles and industrial textiles.

The TaiwanSelect@NorthAmerica virtual exhibition will feature a variety of latest smart textiles and industrial textiles offered by Taiwanese suppliers (event link: https://export.textiles.org.tw/en/taiwanSelect.html).

Please follow TEPP Project's website, Facebook, Linkedin as well as on YouTube. Don't forget to check out the latest video released by Taiwan Textile Federation "Text ile Silicon Valley in Taiwan" at https://youtu.be/KfdJF-Qp2zA

https://youtu.be/KfdJF-Qp2zA

Media Contact

Company Name:Taiwan Textile Federation (TTF)

Contact: Michael Chang

Website:http://export.textiles.org.tw/en/

Email:tc_chang@textiles.org.tw

Source:Taiwan Textile Federation (TTF), AD By BoF

ReleaseID: 604027

VANCOUVER, BC / ACCESSWIRE / August 31, 2020 / NeutriSci International Inc. ("NeutriSci" or the "Company") (TSX-V: NU, OTCQB: NRXCF, FRANKFURT: 1N9), an innovative technology company developing products for the nutraceutical industry, in conjunction with its manufacturing partner, Cryopharm, is pleased to announce new market entrance and the details of the release of new product lines in October 2020.

The existing Cryopharm product line consisting of Marbl melts will now be complemented by Kali Juice. Kali Juice is a delicious cannabis-infused drink mix with zero sugar and zero calories. It comes in three different flavors – Pink Lemonade, Raspberry Punch and Sweet Iced Tea.

All brands use the NeutriSci IP and technology as well as its proprietary ingredients to produce the products. The product lines, including Kushtabs and Zenstix, are planned for immediate launch in California with another Western state to be released next month and will have access to 600 dispensaries in the state.

The Company would also like to clarify that pursuant to its revenue recognition policy, the revenue received from the initial sample order for Japan will be recognized in the Q3 quarterly report. Revenues are recognized when the Company satisfies its performance obligation by transferring control of its product to a customer. Control is considered to be transferred at the time the customer receives the product.

After the previously announced news related to the project in Japan, receipt of the 7-tablet final working samples for the Japan project are approximately 10-15 days off schedule. This is due in large part to reduced production hours in Asia, as well as slower than anticipated shipping times because of current COVID conditions in the region. Approvals of the final packaging by Tabletz LLC. are expected to be completed during the next two weeks.

Glen Rehman, CEO of NeutriSci, stated: "We have encountered a delay in receiving the final version of working samples for the 7-tablet packaging for the Japan project. Production of the final version has been completed and has been shipped for final approval. We anticipate the final step to be completed in the next two weeks followed by the first initial order. We are looking forward to the launch of the Tabletz website as well as providing more details regarding the distribution network in Japan. Additionally, the progress that Cryopharm is making entering new markets presents a positive outlook for us."

"I also want our investors to know and understand that we are doing our very best to complete the tasks related to Japan, California and beyond in a timely fashion because we are fully aware that during these times, we are going to be subject to lost time due to things beyond our control. Everyone is aware that these are difficult times and while we will experience challenges along the way, we will be successful in our endeavours", he added.

About NeutriSci International Inc.

NeutriSci specializes in the innovation, production, and formulation of nutraceutical products. Established in 2009, NeutriSci's is building sustainable sales models with Convenience, Chain Drug, and Mass Market and Supermarket retailers for neuenergy®, the Company's natural energy and focus supplement that has at its core, the beneficial effects of blueberries. For more information, please visit: www.neutrisci.com.

On Behalf of the Board of Directors of

NEUTRISCI INTERNATIONAL INC.
Glen Rehman
President and CEO
Tel: (403) 264-6320

For investor inquiries, please contact investors@neutrisci.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

Statements in this press release have not been evaluated by the Food and Drug Administration. Products or ingredients are not intended to diagnose, treat, cure, or prevent any disease.

SOURCE: NeutriSci International Inc.

ReleaseID: 604022

This news release is not for distribution or dissemination in the United States of America

TORONTO, ON / ACCESSWIRE / August 31, 2020 / GreenBank Capital Inc. (CSE:GBC and OTC PINK:GRNBF and FRA:2TL) ("GreenBank or the Company") is very pleased to announce that it has entered into a contract with The Substantia Group to assist GreenBank's executive management team in fund raising, investment deal-flow analysis, due diligence, strategic planning, administrative and operational support, marketing and investor communications.

On July 28th, 2020, GreenBank announced its merchant banking strategy going forward, which includes working to raise funds and continuing to grow its portfolio of high potential companies. Today's agreement with The Substantia Group provides a proven, robust infrastructure and powerful additional resources to execute effectively on this strategy.

GreenBank anticipates that the next 90 days will prove to be a period of intense activity for the Company as it endeavors to build out its platform for substantial future growth. Consequently, the initial contract term with The Substantia Group is for 90 days and is renewable at the option of GreenBank. The Chief Executive of The Substantia Group is Mr. Terry Pullen, who also serves as a Director of GreenBank. The contract with The Substantia Group is designed to assist GreenBank in achieving the following:

Update and improve GreenBank's website and internet presence.
Enhance and communicate the potential of GreenBank's existing investments.
Carry out detailed and forensic due diligence in relation to GreenBank's pipeline of potential investments.
Work with the management teams of certain Greenbank portfolio companies in order to produce detailed operational plans and execution strategies.
Raise a minimum of $2,000,000CAD on terms that enhance the strategic position of GreenBank. This may include The Substantia Group leveraging its client base of high net worth and sophisticated investors as a potential source of investment into GreenBank.
Increase market awareness of GreenBank amongst professional investors and brokers to an extent sufficient to spur an average trading volume of at least $25,000CAD per day in GreenBank's common shares. It is GreenBank's belief that this will help ensure its shares become increasingly attractive as a potential currency for future acquisitions.

In the event that these objectives are achieved within the next 90 days, The Substantia Group will receive compensation of £48,000GBP (~$84,000CAD as of the date of this release) and 500,000 fully paid newly issued Greenbank common shares. In the event that the objectives are not achieved, then Substantia will not receive any payment.

David Lonsdale, GreenBank Capital's CEO said, "I am delighted to have executed this service agreement with The Substantia Group. It provides us with the additional resources that we need to implement our merchant banking growth strategy and create added value for our investors. We are pleased that these additional resources in terms of infrastructure and execution capability are being provided entirely on a success-only basis, underscoring Substantia's confidence in Greenbank's potential to develop into a large global company".

Terry Pullen, CEO of The Substantia Group said, "Substantia is excited to become part of the team helping to deliver Greenbank's exponential growth strategy as it seeks to develop into a successful global company. The Substantia Group is highly motivated and inspired to be working with GreenBank and will endeavor on every level to over deliver on the services provided, in these changing times of unique opportunity"

About GreenBank

GreenBank is a merchant banking business listed on the Canadian Securities Exchange (trading symbols CSE: GBC and OTCMKTS: GRNBF and FRA: 2TL). GreenBank's 100% subsidiary GreenBank Financial Inc. is a merchant bank. GreenBank has a multi-sector, multi-stage investment thesis with a global remit. GreenBank's investment approach is to identify companies with the capacity for rapid growth with a strong management team, that can be scaled and prepared for a public listing over a period of 6-24 months. GreenBank's portfolio companies comprise equity investments in 11 small cap businesses, namely; 19% of Staminier Limited, a United Kingdom Merchant Banking firm; 59.5% of Kabaddi Games Inc, developers of a mobile application game based on the sport of Kabaddi; 52.5% of Blockchain Evolution Inc, owners of the world's first identification based blockchain, and developers of Xbook a user permissioned and revenue sharing social media platform; 22.3% of Ubique Minerals Limited, a zinc exploration company in Newfoundland, Canada; 47.5% of GBC Grand Exploration Inc, a gold exploration company in Newfoundland, Canada; 19% of Inside Bay Street Corporation, a financial news communications company; 34.8% of Gander Exploration Inc, a minerals exploration company; 10% of Reliable Stock Transfer Inc, a Canadian small cap transfer agency; 25.2% of Buchans Wileys Exploration Inc, a minerals exploration company; 10% of The Lonsdale Group LLC, a USA based private equity company focused on small cap investments; and 11.2% of Minfocus Exploration Corp (TSXV: MFX), a mineral exploration company.

For more information please see www.GreenBankCapitalInc.com, or contact Mark Wettreich at (647) 693 9411 or by email Mark@GreenBankCapitalinc.com

Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of GreenBank Capital Inc., the raising of additional capital and the future development of the businesses comprising GreenBank's investment portfolio. The forward-looking information is based on certain key expectations and assumptions made by the company's management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because GreenBank can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and GreenBank disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE: GreenBank Capital Inc.

ReleaseID: 604014

HONG KONG, CHINA / ACCESSWIRE / August 31, 2020 / China Petroleum & Chemical Corporation ("Sinopec Corp." or the "Company") (HKEX:386; SSE:600028; NYSE:SNP) today announced its interim results for the six months ended 30 June 2020.

Financial Highlights

In accordance with IFRS, the Company's turnover and other operating revenues in the first half of 2020 were RMB 1.03 trillion.

Profitability improved and rebounded month by month from the second quarter.Natural gas production,refined oil productssales volume and chemical sales volume recorded significant quarter on quarter increase. Achieved turnaround in second quarter with operating profit of RMB 4.8 billion.

In accordance with IFRS, the Company's liability-to-asset ratio as of 30 June 2020 was 54.37%, maintaining a sound financial position. Net cash generated from operating activities up by 21% year on year. Cash and cash equivalents amounted to RMB 86.4 billion as at 30 June 2020.

In upstream, made substantial achievements in maintaining oil production, increasing gas output and reducing cost. Natural gas production up by 0.6% year on year. In refining,dynamicallyoptimisedproduct slate and brought the advantages of integrated production and marketing into full play. Operating profit of the chemicals segment was RMB 3.2 billion; Operating profit of the marketing and distribution segment was RMB 8.7 billion.

In order to maintain the continuity,stability and sustainability of dividend distribution of the Company and considering the long-term development of the Company and overall interests of all shareholders,the Board of Directors proposed a special dividend of RMB 0.07 per share.

Actively fulfilled social responsibilities and dedicated to serve the frontline of the epidemic; made the best use of its advantages in resources and technology, and contributed to the prevention and control of the COVID-19 and economic growth.

Business Review

In the first half of 2020, due to the worldwide spread of COVID-19, global economy was depressed and the global market was shrinking. China's gross domestic product (GDP) fell by 1.6% year on year. In the first half of 2020, the average spot price of Platts Brent was USD 40.07 per barrel, down by 39.2% year on year, combined with the sharp drop in demand for petroleum products and slowdown in demand growth for petrochemical products, thus the petroleum and petrochemical industry suffered unprecedented difficulties.Confronted with the extremely severe market situation, the Company launched a "100-day campaign to tide over difficulties and improve performance" guided by focusing on main challenges, system optimisation, bottom-line risks prevention and control, and seizing opportunities out of crises. We coordinated COVID-19 prevention and control with maintaining production and operation, vigorously adjusted the structure, expanded the market, reduced the inventory and tapped the potential. The Company's operation and profitability improved month by month from the second quarter and the performance recovered steadily.

In particular, facing the COVID-19 outbreak, the Company actively made the best use of its advantages in resources and technology, promptly switched to increase the production of medical and health-care materials. To meet the market demand of melt blown fabric, the Company built the world's largest manufacturing base in a short time. In addition, the Company ensured the supply of oil and gas with all efforts, provided innovative services model, led enterprises in the industry chain to resume production and work, and proactively promoted the normalisation of economic and social orders.

Exploration and Production

In the first half of 2020, under low crude oil price environment, the Company maintained high-quality exploration efforts, focused on profit-driven development, and deepen and consolidated the maintaining oil production, increasing gas output and reducing cost. We accelerated the whole industry chain integration of natural gas business, and saw a continued growth in the market share of natural gas. In exploration, we reinforced risk exploration and pre-exploration in new areas, which led to new discoveries in Tarim Basin, Jiyang Depression and Sichuan Basin, etc. In oil development, we increased the application of technologies to lower cost and optimised projects implementation plan according to the change of oil prices, which helped to further decrease our cost. In natural gas development, we accelerated capacity building in West Sichuan, Dongsheng and Weirong gas fields, and continuously progressed with the all-dimension development of Fuling shale gas field and fine development of Puguang and Yuanba gas fields. Production of oil and gas in the first half of 2020 amounted to 225.71 million barrels of oil equivalent, of which domestic crude production was 124.05 million barrels, and gas output was 512.41 billion cubic feet.

In the first half of 2020, operating revenues of the segment were RMB 78.9 billion, representing a decrease of 24.0% year on year. This was mainly due to the decrease in sales prices of crude oil, natural gas and LNG.In the first half of 2020, the oil and gas lifting cost was RMB 749 per tonne, representing a decrease of 5.8% year on year. This was mainly due to the operating expenses decreased effectively as a result of the segment continuously reinforced the cost management and controlling.In the first half of 2020, the operating loss of the segment was RMB 6.0 billion.

Exploration and Production: Summary of Operations

Six-month period ended 30 June

Changes

2020

2019

%

Oil and gas production (mmboe)

225.71

226.63

(0.4)

Crude oil production (mmbbls)

140.27

141.68

(1.0)

China

124.05

124.05

0.0

Overseas

16.22

17.63

(8.0)

Natural gas production (bcf)

512.41

509.50

0.6

Refining

In the first half of 2020, with a market-oriented approach, the Company further integrated production and marketing, optimised resources allocation, dynamically adjusted the product mix and diesel-to-gasoline ratio, and maximised the value of the business chain. Domestic and overseas markets were coordinated to maintain high utilisation rates of facilities. We actively responded to international oil price movements and adjusted crude oil procurement in a timely manner. We also sped up the advanced capacity building and pushed forward structural adjustment projects. The marketing mechanism was further optimised, and the profitability of asphalt, lubricant, LPG and other products was further enhanced. In the first half of 2020, 111 million tonnes of crude oil were processed, representing a year-on-year decrease of 10.5%, and 67.19 million tonnes of refined oil products were produced, including 30.47 million tonnes of diesel, 26.82 million tonnes of gasoline and 9.90 million tonnes of kerosene.

In the first half of 2020, operating revenues of the segment were RMB 438.4 billion, representing a decrease of 26.7% year on year.In the first half of 2020, the unit refining cash operating cost (defined as operating expenses less cost of crude oil and refining feedstock, depreciation and amortisation, taxes other than income tax and other operating expenses, divided by the throughput of crude oil and refining feedstock) was RMB 177 per tonne, representing an increase of 6.9% year on year, which was mainly because the unit cost increased as a result of the crude oil throughput decreased compared with the same period of last year.The operating loss of the segment was RMB 31.7 billion.

Refining: Summary of Operations

Six-month period ended 30 June

Changes

2020

2019

(%)

Refinery throughput (million tonnes)

110.95

123.92

(10.5)

Gasoline, diesel and kerosene production (million tonnes)

67.19

78.94

(14.9)

Gasoline (million tonnes)

26.82

31.33

(14.4)

Diesel (million tonnes)

30.47

32.24

(5.5)

Kerosene (million tonnes)

9.90

15.37

(35.6)

Light chemical feedstock production (million tonnes)

19.00

20.04

(5.2)

Note: Includes 100% of the production of domestic joint ventures.

Marketing and Distribution

In the first half of 2020, facing the severe challenge brought by the sharp decline in market demand, the Company brought the advantage of our marketing network into full play. Since the second quarter, the Company has seized the favourable opportunity of market recovery, optimised resources allocation, made full efforts to expand the market and sales, achieving a rapid rise in sales volume and substantial growth in performance year on year. We adhered to customer-oriented and continuously improved our services quality. We further optimized marketing network layout, consolidated and enhanced network advantages, innovated marketing models by introducing the "one click refuelling", etc., promoted the integration of online and offline business, and created a new service model of reducing physical contact while refuelling and shopping in an efficient and convenient way during the COVID-19 outbreak. In the first half of 2020, total sales volume of refined oil products was 107.03 million tonnes, of which domestic sales was 77.75 million tonnes, and domestic retail sales volume was 52.50 million tonnes. The retail volume in the second quarter increased by 40.5% over the first quarter and up by 2.7% year on year.

In the first half of 2020, the operating revenues of the segment were RMB 529.8 billion, down by 23.4% year on year. This was mainly due to refined oil products sales volume and price decreased because of domestic market demand plunged.In the first half of 2020, the segment's operating profit was RMB 8.7 billion.

Marketing and Distribution: Summary of Operations

Six-month period ended 30 June

Changes

2020

2019

(%)

Total sales volume of refined oil products (million tonnes)

107.03

126.91

(15.7)

Total domestic sales volume of refined oil products (million tonnes)

77.75

91.77

(15.3)

Retail (million tonnes)

52.50

60.06

(12.6)

Direct sales and Wholesale
(million tonnes)

25.24

31.72

(20.4)

Annualised average throughput per station (tonne/station)

3,419

3,916

(12.7)

Note: The total sales volume of refined oil products includes the amount of refined oil marketing and trading sales volume.

As of

30 June 2020

As of 31 December 2019

Changes
from the end of last year

(%)

Number of company-operated stations

30,712

30,696

0.05

Number of convenience stores

27,721

27,606

0.42

Chemicals

In the first half of 2020, the Company fine-tuned chemical feedstock mix to further lower costs. Leveraging our industrial advantages, we extended industry chain and produced more raw materials for medical and health-care use. We optimised the product slate, scheduling utilisation and production based on market demand to further increase the ratio of high value-added products. The ratio of new and specialty synthetic resin reached 67.9% and that of high value-added synthetic rubber reached 31.2%. Construction of advanced capacity was accelerated and a number of key projects were pushed forward. In the first half of 2020, ethylene output was 5.78 million tonnes. We actively expanded the market, improved targeted marketing and service quality, actively promoted the application of e-commerce platform and construction of intelligent logistics, which enhanced the profitability of the business chain. In the first half, the total chemical sales volume was 40.09 million tonnes.

In the first half of 2020, operating revenues of the chemicals segment were RMB 172.2 billion, representing a decrease of 33.9% year on year, which was mainly due to the decrease in chemical business scale and products price.The segment's operating profit in the first half of 2020 was RMB 3.2 billion, representing a decrease of RMB 8.7 billion or 73.1% as compared with that of 2019, which was mainly due to the COVID-19 impact resulting in the decrease in demand and price of chemical products and the decrease in gross margin of chemical business.

Major Chemical Products: Summary of OperationsUnit of production: 1,000 tonne

Six-month period ended 30 June

Changes

2020

2019

(%)

Ethylene

5,776

6,160

(6.2)

Synthetic resin

8,376

8,429

(0.6)

Synthetic fiber monomer and polymer

4,421

5,030

(12.1)

Synthetic fiber

573

633

(9.5)

Synthetic rubber

526

529

(0.6)

Note: Includes 100% of the production of domestic joint ventures.

Health, Safety, Security and Environment

In the first half of 2020, the Company promoted the health management of all staff, especially continuously strengthened the COVID-19 prevention and control measures with a focus on personal care and psychological counselling and safeguarded the occupational, physical and psychological health of employees. The three-year programme of special rectification of work safety was launched, and safety risk identification and control were strictly implemented. We improved prevention and control system and emergency response capacity in all dimensions, and further improved the safety management level of the Company. We actively implemented the green and low-carbon strategy, promoted the Green Enterprise Campaign with high quality, enhanced energy efficiency improvement and water conservation, continuously strengthened the management of greenhouse gas emission. In the first half of the year, the Company maintained safe and clean production. The comprehensive energy consumption per 10,000 yuan of output decreased by 5.4% year on year, industrial fresh water intake was down by 1.1% year on year, the COD of discharged wastewater decreased by 2.1% year on year, the sulfur dioxide emission dropped by 4.1% year on year, and the proper disposal rate of solid waste reached 100%.

Capital Expenditures

Focusing on quality and profitability of investment, the Company continuously optimised our investment projects. The total capital expenditures amounted to RMB 44.990 billion in the first half of 2020. Capital expenditure for the exploration and production segment was RMB 20.470 billion, mainly for capacity building in Shengli and Northwest crude oil projects and Fuling and Weirong shale gas projects. Capital expenditure for the refining segment was RMB 9.536 billion, mainly for Zhongke project, Zhenhai, Tianjin, Maoming and Luoyang refining upgrading projects. Capital expenditure for the marketing and distribution segment was RMB 8.646 billion, mainly for construction of service stations, oil products depots and non-fuel business development. Capital expenditure for the chemicals segment was RMB 6.117 billion, mainly for Zhongke, Zhenhai, and Gulei projects, ethylene revamping for Sinopec-SK and Jiujiang aromatics projects, and melt blown fabrics projects. Capital expenditure for corporate and others was RMB 221 million, mainly for research and development facilities and information technology projects. In the second half, the Company will dynamically optimise investment projects based on future market trends. Capital expenditures for the full year are expected to decrease by around 10% compared with the plan proposed in the beginning of 2020.

Business Prospects

Looking ahead to the second half of 2020, the international economic situation is expected to be severe and complex with increased instability and uncertainty. China has made significant achievements in control and prevention of COVID-19 outbreak, and its economy has shown a stable and positive momentum. As a result, it is expected that domestic demand for petroleum and petrochemical products will witness a fast recovery. However, affected by various factors such as COVID-19 outbreak and the international economic situation, the international oil prices is expected to fluctuate at a low level.

Confronted with the present situation, the Company will focus on the vision of building a world leading clean energy and chemical company, actively promote transformation and development, and continue the campaign of tiding over difficulties and improving performance. We will coordinate efforts of improving performance, adjusting structure, promoting reform and preventing risks to achieve better performance. Our focuses are on the following aspects:

For exploration and production, the Company will increase efforts to maintain oil production, boost gas output and reduce cost, continue to strengthen high-quality exploration, promote profit-driven development, and improve the ability to cope with low oil prices. In crude oil development, we will promote the capacity building in Shunbei and west rim of Jungar Basin, continuously strengthen the fine management of mature oilfields, enhance oil recovery through scientific and technological innovation, and consolidate the foundation for stable production. In natural gas development, construction of key projects will be accelerated. At the same time, seizing the opportunities of pipeline reform and natural gas demand growth, the Company will vigorously expand the market and sales, and increase market share and profitability of natural gas. In the second half of 2020, we plan to produce 138 million barrels of crude oil, including 124 million barrels domestic production and 14 million barrels abroad, and 580.5 billion cubic feet of natural gas.

For refining, the Company will insist on the integration of production and marketing and coordination of domestic and overseas markets, to optimise the utilisation and production. We will speed up the advanced capacity building to enhance market competitiveness. We will strengthen market research and analysis and coordination of the whole process management of crude oil procurement to reduce procurement costs. Meanwhile, we will deepen product mix adjustment based on market needs. In the second half of 2020, we plan to process 130 million tonnes of crude oil.

For marketing and distribution, the Company will improve the internal market-oriented mechanism, optimise resource flow and regional production and marketing, fully unleash the integration advantages and actively deal with market competition. We will seize the opportunity of market recovery, further expand the market and sales, and strive to expand the total business volume and retail scale. We will also provide differentiated services based on customer categories. The comprehensive service station model of "oil, gas, electricity, hydrogen and non-fuel business" will be promoted, and we will make best effort to build an ecological circle of "people, vehicles and life", so as to enhance the competitiveness of our comprehensive services. In the second half of 2020, we plan to sell 92 million tonnes of refined oil products in the domestic market.

For chemicals, the Company will continue to focus on the "basic plus high-end" development concept, accelerate the structural adjustment, quality improvement and upgrading, and foster new growth engines. We will deepen the adjustment of feedstock slate and continuously reduce the cost, deepen the adjustment of product mix, speed up the cultivation of new material business, and continuously increase the proportion of high value-added products. We will dynamically optimise the utilisation and production along the industry chain to generate more profits, and the production and supply of medical and health-care materials in accordance with the COVID-19 outbreak. Meanwhile, we will strengthen strategic cooperation along the industrial chain, strengthen the expansion of expand high-quality customer base, and constantly enhance our leading position in the market. We plan to produce 6.10 million tonnes of ethylene in the second half of 2020.

Appendix: Key financial data and indicators

FINANCIAL DATA AND INDICATORS PREPARED IN ACCORDANCE WITH CASs

Principal accounting data

Items

Six-month period ended 30 June

Changes

over the same period of the preceding year (%)

2020

(RMB million)

2019

(RMB million)

Operating income

1,034,246

1,498,996

(31.0)

Net (loss)/ profit attributable to equity shareholders of the Company

(22,882)

31,338

–

Net (loss)/ profit attributable to equity shareholders of the Company excluding extraordinary gains and losses

(24,404)

30,451

–

Net cash flow from operating activities

39,794

32,918

20.9

At 30 June2020

(RMB million)

At 31 December 2019

(RMB million)

Change from the end of last year (%)

Total equity attributable to equity shareholders of the Company

692,356

739,169

(6.3)

Total assets

1,821,639

1,755,071

3.8

Principal financial indicators

Items

Six-month period ended 30 June

Changes

over the same period of the preceding year (%)

2020

(RMB)

2019

(RMB)

Basic (losses)/ earnings per share

(0.189)

0.259

–

Diluted (losses)/ earnings per share

(0.189)

0.259

–

Basic (losses)/ earnings per share (excluding extraordinary gains and losses)

(0.202)

0.252

–

Weighted average return on net assets (%)

(3.21)

4.28

(7.49)percentage points

Weighted average return (excluding extraordinary gains and losses)on net assets (%)

(3.42)

4.16

(7.58) percentage points

FINANCIAL DATA AND INDICATORS PREPARED IN ACCORDANCE WITH IFRS

Principal accounting data

Items

Six-month period ended 30 June

Changes

over the same period of the preceding year (%)

2020

(RMB million)

2019

(RMB million)

Operating (loss)/ profit

(21,501)

49,138

–

(Loss)/ profit attributable to shareholders of the Company

(21,725)

32,206

–

Net cash generated from operating activities

39,794

32,918

20.9

At 30 June 2020

(RMB million)

At 31December 2019

(RMB million)

Change from the end of last year (%)

Total equity attributable to shareholders of the Company

691,363

738,150

(6.3)

Total assets

1,821,639

1,755,071

3.8

Principal financial indicators

Items

Six-month period ended 30 June

Changes

over the same period of the preceding year (%)

2020

(RMB)

2019

(RMB)

Basic (losses)/ earnings per share

(0.179)

0.266

–

Diluted (losses)/ earnings per share

(0.179)

0.266

–

Return on capital employed (%)

(1.89)

4.92

(6.81)percentage points

The following table sets forth the operating revenues, operating expenses and operating (loss)/profit by each segment before elimination of the inter-segment transactions for the periods indicated, and the percentage change between the first half of 2020 and the first half of 2019.

Six-month period ended 30 June

Changes

2020

2019

(RMB million)

(%)

Exploration and Production Segment

Operating revenues

78,929

103,804

(24.0)

Operating expenses

84,931

97,561

(12.9)

Operating (loss)/profit

(6,002)

6,243

–

Refining Segment

Operating revenues

438,358

597,797

(26.7)

Operating expenses

470,047

578,707

(18.8)

Operating (loss)/profit

(31,689)

19,090

–

Marketing and Distribution Segment

Operating revenues

529,801

691,842

(23.4)

Operating expenses

521,137

677,133

(23.0)

Operating profit

8,664

14,709

(41.1)

Chemicals Segment

Operating revenues

172,199

260,488

(33.9)

Operating expenses

169,005

248,593

(32.0)

Operating profit

3,194

11,895

(73.1)

Corporate and Others

Operating revenues

484,625

770,161

(37.1)

Operating expenses

484,793

772,716

(37.3)

Operating loss

(168)

(2,555)

(93.4)

Elimination of inter-segment profit/ (loss)

4,500

(244)

–

About Sinopec Corp.

Sinopec Corp. is one of the largest integrated energy and chemical companies in China. Its principal operations include the exploration and production, pipeline transportation and sale of petroleum and natural gas; the sale, storage and transportation of petroleum products, petrochemical products, coal chemical products, synthetic fibre, fertiliser and other chemical products; the import and export, including an import and export agency business, of petroleum, natural gas, petroleum products, petrochemical and chemical products, and other commodities and technologies; and research, development and application of technologies and information.

Sinopec sets 'fueling beautiful life' as its corporate mission, puts 'people, responsibility, integrity, precision, innovation and win-win' as its corporate core values, pursues strategies of value-orientation, innovation-driven development, integrated resource allocation, open cooperation, and green and low-carbon growth, and strives to achieve its corporate vision of building a world leading clean energy and chemical company.

Disclaimer

This press release includes "forward-looking statements". All statements, other than statements of historical facts that address activities, events or developments that Sinopec Corp. expects or anticipates will or may occur in the future (including but not limited to projections, targets, reserve volume, other estimates and business plans) are forward-looking statements. Sinopec Corp.'s actual results or developments may differ materially from those indicated by these forward-looking statements as a result of various factors and uncertainties, including but not limited to the price fluctuation, possible changes in actual demand, foreign exchange rate, results of oil exploration, estimates of oil and gas reserves, market shares, competition, environmental risks, possible changes to laws, finance and regulations, conditions of the global economy and financial markets, political risks, possible delay of projects, government approval of projects, cost estimates and other factors beyond Sinopec Corp.'s control. In addition, Sinopec Corp. makes the forward-looking statements referred to herein as of today and undertakes no obligation to update these statements.

Investor Inquiries：Media Inquiries：

Beijing

Tel：(86 10) 5996 0028Tel：(86 10) 5996 0028
Fax：(86 10) 5996 0386Fax：(8610) 5996 0386
Email：ir@sinopec.comEmail：ir@sinopec.com

Hong Kong

Tel：(852) 2824 2638 Tel：(852) 2522 1838
Fax：(852) 2824 3669 Fax：(852) 2521 9955
Email：ir@sinopechk.comEmail：sinopec@prchina.com.hk

SOURCE: China Petroleum & Chemical Corporation via EQS Newswire

ReleaseID: 604018

LOS ANGELES, CA / ACCESSWIRE / August 31, 2020 / Compare-autoinsurance.org (https://compare-autoinsurance.org) has released a new blog post that presents 10 efficient ways to get lower car insurance prices.

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Email: cgurgu@internetmarketingcompany.biz
Website: https://compare-autoinsurance.org

SOURCE: Internet Marketing Company

ReleaseID: 604019

FUZHOU, CHINA / ACCESSWIRE / August 31, 2020 / China's real estate market is showing signs of recovery. The production and supply continued to recover, market demands gradually picked up, and the property market will continue to heat up going forward.

According to National Bureau of Statistics of China,from January to June, the national real estate development investment was 7,532.5 billion yuan, an increase of 3.4 percent year-on-year, and the growth rate was 1.5 percentage points higher than that of January to June. Among them, residential investment was 5,568.2 billion yuan, an increase of 4.1 percent, and a growth rate of 1.5 percentage points.

"The property market is a key driver of growth for Zhuding International Limited. We will continue to take prudent and proactive actions to safely operate our business and maintain a strong liquidity position during this uncertain period while positioning our Company to succeed," said Mulin Xiang

About Zhuding International Limited (OTC PINK:ZHUD):

Zhuding International Limited operates as a building materials manufacturer. The Company uses its own patented technology to create lightweight composite wall panels suitable for use in commercial and residential construction from recycled materials derived from mining, industrial, agricultural, and domestic waste.

For further information, please contact:

Han Jin
cream@fjzhuding.com

SOURCE: Zhuding International Limited

ReleaseID: 604062