On March 31, at the approval of the State Council, Sinochem Group Co., Ltd. ( “Sinochem”) and China National Chemical Corporation Ltd. ( “ChemChina”) will undertake a joint restructuring. Under such a joint restructuring plan, the equity interests of both Sinochem and ChemChina will be owned by a newly-incorporated company (the “New Holding Company”), which will be established and wholly owned by the State-owned Assets Supervision and Administration Commission on behalf of the State Council.

2On July 20, 2020, at the mid-year work meeting, Sinochem Petrochemical Distribution carefully reviewed and summarized the work of the first half of 2020 and analyzed the current situation and existing problems, and made arrangements for priorities in the second half of the year. Presided over by Wang Guolun, general manager of the Company, the meeting was attended by leaders of the Company, Sinochem Liaoning, and directors of each branch and each department.

On July 20, 2020, at the mid-year work meeting, Sinochem Petrochemical Distribution carefully reviewed and summarized the work of the first half of 2020 and analyzed the current situation and existing problems, and made arrangements for priorities in the second half of the year. Presided over by Wang Guolun, general manager of the Company, the meeting was attended by leaders of the Company, Sinochem Liaoning, and directors of each branch and each department.