On May 7, External Directors of Sinochem Group Ma Chuanjing, Li Jinfeng, Wei Weifeng, Secretary of the Board of Directors and Director of the General Office Zhang Baohong visited Sinochem Petrochemical Distribution Co., Ltd. (Sinochem Petrochemical Distribution) for research and inspection. They had a comprehensive understanding of the business and development, reform and innovation, and corporate culture of the Company. Accompanied by Wang Guolun, Deputy General Manager of Sinochem Petrochemical Distribution, the leaders visited the office area and had an intuitive impression of the overall layout of the Company's office area and departments, as well as the employees at work.
Through the large-screen demonstration in the office area, Sinochem Petrochemical Distribution showed the leaders the Company's unified trading platform. The real-time transaction data displayed on the screen allowed the leaders to have a preliminary understanding of the business development and transaction information of the Company.
Work Report
Wang Guolun, member of the General CPC Branch and Deputy General Manager of Sinochem Petrochemical Distribution, on behalf of the Company, introduced its business development, reform and innovation, Party building and discipline inspection, internal control and compliance. The leaders listened carefully to the report. They acknowledged that Sinochem Petrochemical Distribution has inherited and carried forward the Sinochem Group's business philosophy, management system, and trade advantages. In addition, they felt the enthusiasm of Sinochem Petrochemical Distribution to grasp the changes in the future market, as well as the passion to innovate in various aspects such as business portfolio, management process, business mode, science and technology in order to embrace a broader business landscape. The Company's overall development ideas and specific measures have been unanimously affirmed and encouraged by the leaders.
Leaders at the meeting emphasized that when undertaking the chemical production capacity released by Quanzhou Petrochemical and promoting the refined application and R&D of chemical products, Sinochem Petrochemical Distribution should make full use of the internal and external resources of the Group, and actively use various forces to ensure that it can better embrace opportunities, meet challenges, and demonstrate its value with outstanding performance in the near future.
Discussion and Exchange
After the meeting, the visiting leaders and the senior management of Sinochem Petrochemical Distribution compared notes on the prospects of the chemical industry and the future development of Sinochem Petrochemical Distribution. The external directors of the Group proposed that according to the known deployment of domestic refineries, ethylene products is expected to come to a saturation in the domestic market soon. Therefore, we must proactively promote the exploration of downstream chemicals and provide attractive supply chain services. As for the development of fine chemicals and application and R&D, we must pay attention to the requirements for environmental protection, take the route of differentiated competition and advanced technologies, and design products that are in line with the future development and meet market needs to create new core competitiveness and further expand the popularity and influence of the Company in the petrochemical sales industry.
