Shengli Oil & Gas Pipe : SUPPLEMENTAL ANNOUNCEMENT IN RELATION TO CONTINUING CONNECTED TRANSACTIONS LOGISTIC SERVICES FRAMEWORK AGREEMENT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

SHENGLI OIL & GAS PIPE HOLDINGS LIMITED

勝 利 油 氣 管 道 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1080)

SUPPLEMENTAL ANNOUNCEMENT IN RELATION TO

CONTINUING CONNECTED TRANSACTIONS

LOGISTIC SERVICES FRAMEWORK AGREEMENT

Reference is made to the announcement of Shengli Oil & Gas Pipe Holdings Limited (the "Company") dated 3 September 2020 in relation to the Transactions (the "Announcement"). Capitalised terms used herein shall have the same meanings as those defined in the Announcement, unless the content requires otherwise.

As disclosed in the Announcement, Hunan Xianggang is owned as to 45% by Xiangtan Steel and 55% by an independent third party, which is the Trade Union Committee of Hunan Xianggang* ( 湖 南 湘 鋼 洪 盛 物 流 有 限 公 司 工 會 委 員 會) ("Hunan Xianggang Trade Union"). The Company would like to provide further information in relation to the identities and principal business activities of the ultimate beneficial owner(s) of each of Xiangtan Steel and Hunan Xianggang Trade Union.

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FURTHER INFORMATION OF XIANGTAN STEEL

As at the date of this announcement, according to the information provided by Xiangtan Steel, Xiangtan Steel is a wholly-ownedsubsidiary of Hunan Valin Iron & Steel Group Co., Ltd.* ( 湖南華菱鋼鐵集團有限責任公司) ("Valin Steel"). Valin Steel is primarily engaged in, among others, the investment of steel industry related projects, including but not limited to the development of metallurgical resources and the melting and processing of blackstone metal. Valin Steel is owned as to 90.21% by Valin Holdings Group Co., Ltd.* ( 華菱控股集團有限 公司) ("Valin Holdings"), which is primarily engaged in, among others, property and project investment, mergers and acquisitions of state-ownedassets, as well as assets operation and management; and 9.79% by Hunan Development Investment Group Co., Ltd.* ( 湖南發展資 產 管 理 集 團 有 限 公 司) ("Hunan Development"), which is primarily engaged in, among others, investing and financing infrastructure and energy supply projects. Valin Holdings and Hunan Development are both ultimately wholly owned by the State-ownedAssets Supervision and Administration Commission of Hunan Provincial People's Government* ( 湖 南 省 人 民 政 府 國 有 資 產 監 督 管 理 委 員 會) ("Hunan SASAC"), which acts as a contributor of state-ownedassets on behalf of the Hunan Provincial People's Government and is primarily responsible for monitoring and managing the state-ownedoperating assets in Hunan Province.

Save as disclosed above, to the best of the Directors' knowledge, information and belief and having made all reasonable enquiries, Hunan SASAC is an independent third party of the Company such that it is not a connected person of the Company.

FURTHER INFORMATION OF HUNAN XIANGGANG TRADE UNION

As at the date of this announcement, according to the information provided by Hunan Xianggang, Hunan Xianggang Trade Union is an employee organisation with 102 members who are all employees of Hunan Xianggang, and is primarily engaged in, among others, the promotion of welfare of the employees of Hunan Xianggang.

To the best of the Directors' knowledge, information and belief and having made all reasonable enquiries, all of the members of Hunan Xianggang Trade Union are independent third parties of the Company such that none of them is a connected person of the Company.

Save as disclosed in this announcement, all other information contained in the Announcement remains unchanged.

By order of the Board

Shengli Oil & Gas Pipe Holdings Limited

Zhang Bizhuang

Executive Director and Chief Executive Officer

Zibo, Shandong, 11 September 2020

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As at the date of this announcement, the Directors of the Company are:

Executive Directors:	Mr. Zhang Bizhuang, Mr. Wang Kunxian, Ms. Han Aizhi
	and Mr. Song Xichen
Non-executive Director:	Mr. Wei Jun and Mr. Jiang Yong
Independent non-executive	Mr. Qiao Jianmin, Mr. Chen Junzhu and Mr. Wu Geng
Directors:

• For reference purpose only, the English names of these companies, persons or documents are only a translation of their respective Chinese names. In the event of any discrepancies between the Chinese names and their respective English translations, the Chinese version shall prevail.

This announcement, for which the Directors of the Company collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, there are no other matters the omission of which would make any statement herein or this announcement misleading.

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