红油辣椒 (hóng yóu là jiāo, literally 'red oil hot pepper')- Sichuan chilli oil from Meishan in SW Sichuan. For some reason they have labelled it in Traditional characters - 紅油辣椒 - which are not normally used in Sichuan. As you can see, only the first one is different. The rest of the packaging uses regular Simplified characters.
The ingredients are simply vegetable oil, crushed Sichuan chilies and sesame seeds. It needs to be stirred before use as the sesame seeds have all floated to the top and the chilli to the bottom. On the other hand, you may wish to leave the chili undisturbed for a slightly less spicy hit.