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February 2008


ISSUE 5 CHRONICLE OF 2007<br />

Chronicle of ChemChina in 2007<br />

(Draft to Solicit Opinions)<br />

The following is the Chronicle of ChemChina in 2007. We are eager to receive opinions and<br />

suggestions from all functional departments and subsidiaries. Please send your feedback to the<br />

ChemChina Office at: jiazd@chemchina.com.cn.<br />

Jan. 5<br />

A meeting was held in ChemChina<br />

by its Safety Committee, conveying<br />

the safety requirements of the<br />

State Administration of Work Safety.<br />

ChemChina President Ren Jianxin<br />

a u t h o r i z e d C h e m C h i n a ' s 2 0 0 7<br />

initiatives for safe production.<br />

www.chemchina.com.cn<br />

Jan. 30<br />

China National Advanced Chemical<br />

M a t e r i a l s C o r p o r a t i o n , a s a<br />

transferee, signed a contract with<br />

Hunan Huasheng Industrial & Trading<br />

Imp. & Exp. (Group) Corp to acquire<br />

100% of Hunan Xiangwei Co., Ltd.<br />

By using pressure swing adsorption<br />

(PSA) gas separation technology<br />

from the Southwest Research &<br />

Design Institute of Chemical Industry<br />

(SWRDICI), ChemChina took the<br />

lead to build a successful MSW<br />

(municipal solid waste) green energy<br />

environmental protection project in<br />

Hong Kong.<br />

Jiangsu Anpon Electrochemical Co.,<br />

Ltd.'s 20,000 t/a ECH (epichlorohydrin)<br />

p r o j e c t w a s c o m p l e t e d a n d<br />

commissioned.<br />

Feb. 9<br />

T h e D i s c i p l i n e I n s p e c t i o n<br />

Committee of ChemChina held<br />

a c o n f e r e n c e , c o n v e y i n g t h e<br />

principles of the Seventh Plenary<br />

C o n f e r e n c e o f t h e C e n t r a l<br />

C o m m i s s i o n f o r D i s c i p l i n e<br />

I n s p e c t i o n a n d t h e C e n t r a l<br />

Enterprises Discipline Inspection<br />

and Supervision Conference. At the<br />

meeting, the committee summed up<br />

and announced the commencement<br />

o f C h e m C h i n a ' s d i s c i p l i n e<br />

inspection and supervision work.<br />

ChemChina President Ren Jianxin<br />

addressed the meeting. (Above)<br />

Mar. 7<br />

Feb. 18<br />

The President of ChemChina,<br />

Ren Jianxin made a survey tour<br />

of five enterprises in Shanxi and<br />

Henan Province and paid a visit to<br />

employees working during the New<br />

Year holiday.<br />

Feb. 27<br />

At the 2006 National Science and<br />

Technology Awards Conference, the<br />

Clean Catalytic Phenol Alkylation<br />

Technology and Industrial Application<br />

Project of the Wuxi Resin Plant won<br />

the Second Prize for 2006 National<br />

Science and Technology Progress.<br />

Zhonghao Chenguang Research<br />

Institute of Chemical Industry was<br />

approved as an IPR (Intellectual<br />

Property Right) Demonstration<br />

Enterprise by the State Intellectual<br />

Property Office (SIPO).<br />

ChemChina's Committee on Science and Technology held<br />

its first meeting of all members. Ren Jianxin, President of<br />

ChemChina gave the keynote speech. (Left)<br />

February 2008<br />

1


ISSUE 5 CHRONICLE OF 2007<br />

Chronicle of ChemChina in 2007<br />

Mar. 8<br />

C h e m C h i n a h e l d a f o r u m f o r<br />

its female workers. ChemChina<br />

President Ren Jianxin attended<br />

t h e m e e t i n g a n d e n c o u r a g e d<br />

the women to contribute to the<br />

development of a harmonious<br />

enterprise.<br />

Mar. 23<br />

Thanks to tireless efforts, Qenos<br />

Australia Pty. Ltd. won an award<br />

from the Australian Government<br />

for its outstanding water-saving<br />

achievements.<br />

Mar. 28<br />

Cosponsored by ChemChina, Hainan<br />

Provincial Government, German<br />

DECHEMA and HSBC HK, the 07 Bo'ao<br />

International Advanced Materials<br />

Mar. 9<br />

President of ChemChina Ren Jianxin,<br />

together with the President of China<br />

Construction Bank Zhang Jianguo,<br />

exchanged views on the bankenterprise<br />

cooperation and unified<br />

assets management of ChemChina.<br />

ChemChina chose China Construction<br />

Bank as its financial advisor and<br />

discussed promoting strategic<br />

cooperation in financial management,<br />

finance, project construction,<br />

overseas listings and other aspects.<br />

Mar. 13<br />

ChemChina issued a document,<br />

Suggestions on Learning f r om t he<br />

Team-building Experiences of BlueStar<br />

Petroleum Co., Ltd. Tianjin Branch ,<br />

directing all subsidiaries to study<br />

the successful experiences of<br />

Tianjin branch, strengthen their<br />

own team-building and improve<br />

t h e q u a l i t y of e m p l oyees a n d<br />

management.<br />

Apr. 7<br />

ChemChina held its CPC Party<br />

Delegate Conference in Beijing. The<br />

conference elected Ren Jianxin and<br />

three other delegates to represent<br />

ChemChina at the CPC Beijing-based<br />

Central Enterprises Conference.<br />

Yu Zhengsheng, Member of the<br />

Political Bureau of CPC Central<br />

Committee and secretary of Hubei<br />

Provincial CPC Party Committee, and<br />

Luo Qingquan, Governor of Hubei<br />

Province, accompanied by Meng<br />

Jianzhu, Secretary of the Jiangxi<br />

Provincial CPC Party Committee,<br />

and the Governor of Jiangxi Province<br />

Wu Xinxiong, made a survey tour<br />

of Jiangxi Xinghuo Organic Silicone<br />

Plant.<br />

Forum was held in Bo'ao, Hainan. The<br />

Deputy Director of the NPC Standing<br />

Committee, Gu Xiulian, the Deputy<br />

Director of National Development<br />

and Reform Commission (NDRC),<br />

Zhang Guobao, Hainan Provincial CPC<br />

Party Secretary Wei Liucheng and<br />

the Chairman of China Petroleum<br />

and Chemical Industry Association,<br />

Li Yongwu all attended the forum.<br />

ChemChina President Ren Jianxin also<br />

delivered a speech at the forum.<br />

Apr. 19<br />

ChemChina Methods for Investment<br />

M a n a g e m e n t<br />

w a s i s s u e d a n d<br />

implementation began.<br />

www.chemchina.com.cn<br />

Mar. 15<br />

Sun Huashan, Deputy Director of the<br />

State Administration of Work Safety<br />

and his entourage toured ChemChina<br />

reviewing safety improvements. Ren<br />

Jianxin, President of ChemChina<br />

briefed him on the safety efforts of<br />

the Corporation.<br />

Apr. 16<br />

ChemChina President Ren Jianxin led<br />

an administrative level meeting to<br />

relay the content of the IT Solutions<br />

Conference held by SASAC (Stateowned<br />

Assets Supervision and<br />

Administration Commission) and to<br />

plan for ChemChina's Enterprise IT<br />

Solutions.<br />

Apr. 20<br />

With approval of the National<br />

Development and Reform Commission<br />

(NDRC), ChemChina successfully<br />

issued corporate bonds of RMB1.5<br />

billion. This was the first time<br />

ChemChina issued bonds under its<br />

name.<br />

February 2008<br />

2


ISSUE 5 CHRONICLE OF 2007<br />

Chronicle of ChemChina in 2007<br />

www.chemchina.com.cn<br />

Apr. 29<br />

ChemChina held a forum called<br />

Commemoration of Youth Day.<br />

More than 30 representatives from<br />

subsidiaries attended. ChemChina<br />

President Ren Jianxin and the CPC<br />

Party Committee Deputy Secretary of<br />

ChemChina Fu Xiangsheng addressed<br />

the forum.<br />

A National May 1 st Labor Day Award<br />

was granted to the evaporation<br />

work section of the Chlor-alkali<br />

Plant of the Siping Haohua Chemical<br />

Co., Ltd., issued by the All China<br />

Federation of Trade Unions. In<br />

addition, the Chairman of the Board<br />

of Haohua South China (Guilin)<br />

Rubber Co., Ltd., Li Dongping, the<br />

Chairman of the Board of Cangzhou<br />

Dahua Group Co., Ltd., Ping Haijun<br />

and the Director of the PVC Plant<br />

of Shenyang Chemical Co., Ltd.,<br />

Li Chunming were honored with<br />

National May 1 st Labor Day Medals.<br />

Double Happiness Tyre Industries<br />

Corp Ltd.'s 600,000 sets/year<br />

all-steel radial tire project was<br />

completed and put into production.<br />

May. 1<br />

ChemChina President Ren Jianxin<br />

made a tour to survey more than<br />

10 subsidiaries of ChemChina in<br />

Shandong Province. He looked into<br />

production and operations, planning<br />

and construction, security and<br />

environmental protection, energy<br />

conservation and emission reduction,<br />

enterprise management and other<br />

issues. (Below)<br />

May. 11<br />

A n e x p l o s i o n o c c u r r e d i n t h e<br />

nitration section of the TDI (toluene<br />

diisocyanate) workshop of Cangzhou<br />

Dahua TDI Co., Ltd., a company<br />

majority-owned by ChemChina<br />

Agrochemical Corporation. Five<br />

deaths and 80 injuries resulted. A full<br />

scale investigation into the accident<br />

was launched by ChemChina.<br />

China BlueStar Lehigh Engineering<br />

Corporation won the Second Prize<br />

for Chemical Industry Outstanding<br />

Engineering Design, the Third Prize<br />

for State Environmental Protection<br />

Te c h n o l o g y Pr o g r e s s a n d w a s<br />

classified as a State Environmental<br />

Protection Demonstration Project for<br />

its project to improve technology<br />

for coking sewage treatment for<br />

Nanchang Iron and Steel Co., Ltd.<br />

May. 14<br />

A ChemChina delegation attended the<br />

exhibition ACHEMASIA 2007. ChemChina<br />

President Ren Jianxin attended<br />

the ACHEMA Chemical Process and<br />

Engineering Forum and delivered a<br />

speech entitled Developing Advanced<br />

Chemical Materials Industry through<br />

Innovation and Cooperation.<br />

Qihua Group Co., Ltd. was under strict<br />

supervision by the State Environmental<br />

Protection Administration (SEPA) due<br />

to its published case of not treating<br />

sewage water in accordance with<br />

national standards.<br />

May. 16<br />

Provisional Methods of ChemChina<br />

for Recruitment of Eligible Marketing<br />

w a s i s s u e d , a n d<br />

implementation was started.<br />

P r o f e s s i o n a l s<br />

May. 28<br />

ChemChina Agrochemical Corporation<br />

acquired a 70% stake in Jiangsu<br />

Huaihe Chemicals Co., Ltd.<br />

The new 800,000 t/a diesel<br />

hydrogenation project of Shandong<br />

Changyi Petrochemical Co., Ltd. was<br />

completed and began commissioning.<br />

Jun. 1<br />

ChemChina launched "safe production<br />

month" activities with the theme<br />

of Comprehensive Management<br />

and Security Protection. In order<br />

to improve production safety, all<br />

e n t e r p r i s e s t o o k m a n a g e m e n t<br />

actions on the basis of thorough<br />

investigation of potential safety<br />

hazards, promoting safety principles,<br />

complying with safety regulations<br />

and taking responsibility for security.<br />

Jun. 7<br />

T h e V i c e C h a i r m a n o f C P P C C<br />

National Committee Zhou Tienong<br />

(second from the left) made a tour<br />

of Shenyang Chemical Co., Ltd.<br />

reviewing energy conservation and<br />

emission reduction work. (Above)<br />

Construction of the 60,000 t/a<br />

POM project - phase II of the<br />

whole 200,000 t/a POM project of<br />

Shanghai BlueStar New Chemical<br />

Materials Plant - was formally<br />

launched at the Spark Development<br />

Zone in Shanghai.<br />

Jun. 12<br />

Tw o d o c u m e n t s o f g u i d a n c e -<br />

Provisional Methods of ChemChina<br />

for Assessment of Achievements of<br />

Directors of Subsidiaries, and Provisional<br />

Methods of ChemChina for Managing the<br />

Compensation of Directors of Subsidiaries<br />

- were issued and implementation<br />

began.<br />

February 2008<br />

3


ISSUE 5 CHRONICLE OF 2007<br />

Chronicle of ChemChina in 2007<br />

Jun. 16<br />

www.chemchina.com.cn<br />

B l u e S t a r ( B e i j i n g ) C h e m i c a l<br />

Machinery Co., Ltd. (BCMC) won the<br />

bid for Jiangsu Electrochemical's<br />

200,000 t/a ion-exchange membrane<br />

caustic soda project, becoming the<br />

first enterprise in China capable of<br />

delivering an ion-exchange caustic<br />

soda unit with scale as large as<br />

200,000 t/a from design through<br />

manufacture and installation.<br />

Jun. 20<br />

ChemChina President Ren Jianxin and<br />

the Vice President Fan Xiaosen toured<br />

the construction site at Tianjin<br />

Lingang Industrial Area (TLIA). The<br />

CPC Committee Secretary of Tianjin<br />

Zhang Gaoli and Mayor of Tianjin Dai<br />

Xianglong met with Ren Jianxin. They<br />

talked in depth about ChemChina's<br />

project in TLIA.<br />

Jun. 22<br />

The Labor Union of ChemChina<br />

started "Five Small" activities<br />

consisting of "small inventions,<br />

small designs, small reforms, small<br />

remakes and small proposals."<br />

Jun. 26<br />

The CPC Committee of ChemChina<br />

o r g a n i z e d p a r t y m e m b e r s t o<br />

celebrate the 86 th<br />

anniversary of<br />

the founding of the CPC (Communist<br />

Party of China). Party members and<br />

activists visited the Anti-Japanese<br />

War Memorial Hall and reaffirmed<br />

their oath of joining the party.<br />

Jun. 28<br />

The Governor of Liaoning Province Zhang<br />

Wenyue toured Shenyang Chemical Co.,<br />

Ltd. reviewing energy conservation and<br />

emission reduction efforts.<br />

China National Advanced Chemical<br />

Materials Corporation reorganized<br />

Hebei Shenghua Chemical Industry<br />

Co., Ltd. by increasing capital<br />

through enlarging share capital.<br />

Jun. 29<br />

S A S A C ( S t a t e - o w n e d A s s e t s<br />

Supervision and Administration<br />

C o m m i s s i o n ) r e a s s i g n e d s o m e<br />

ChemChina administrative directors.<br />

Du Guosheng became the Vice<br />

President and the CPC Committee<br />

Secretary of ChemChina.<br />

Jul. 3<br />

The Third Generation Municipal<br />

D r i n k i n g Wa t e r P u r i f i c a t i o n<br />

Process developed by BlueStar<br />

Water Treatment Co., Ltd. gained<br />

approval from experts and relevant<br />

d e p a r t m e n t s o f t h e N a t i o n a l<br />

M e m b r a n e Wa t e r Tr e a t m e n t<br />

Technology Exchange Seminar.<br />

Jul. 5<br />

Mr. Liu Tienan, Deputy Director of<br />

the State Council's Northeast China<br />

Revitalization Office, accompanied<br />

by ChemChina President Ren Jianxin,<br />

made a survey tour of BlueStar<br />

(Beijing) Chemical Machinery Co.,<br />

Ltd. (BCMC). Mr. Liu encouraged the<br />

company to be active in independent<br />

R&D for innovation, and carry the<br />

domestic manufacture of chemical<br />

machinery to a higher level.<br />

Jul. 11<br />

ChemChina required its subsidiaries<br />

to organize special inspection teams<br />

to carry out in-depth investigations<br />

for hidden hazards in production.<br />

Jul. 12<br />

The Deputy Director of the State<br />

Administration of Work Safety Wang<br />

Dexue toured ChemChina. ChemChina<br />

President Ren Jianxin briefed him on<br />

ChemChina's development and the<br />

status of production safety. (Above)<br />

Approved by the Ministry of Science<br />

and Technology, the Southwest<br />

Research & Design Institute of Chemical<br />

Industry (SWRDICI) Laboratory of<br />

Comprehensive Utilization of Industrial<br />

Gas Emissions became one of China's<br />

first batch of National Level Key<br />

Laboratories to be established within<br />

enterprises.<br />

The world's first 100,000 t/a<br />

d i m e t h y l e t h e r d e v i c e u s i n g<br />

c r u d e m e t h a n o l a s f e e d s t o c k<br />

was commissioned and started<br />

operation. The project had technical<br />

support and engineering design<br />

from Southwest Research & Design<br />

Institute of Chemical Industry<br />

(SWRDICI) and Sichuan Tianyi Science<br />

& Technology Co., Ltd.<br />

Southwest China Haohua Chemical<br />

Co., Ltd. successfully rebuilt its<br />

carbon tetrachloride unit into a<br />

tetrachloroethylene unit. This new<br />

technology was unprecedented in<br />

China.<br />

Jul. 27<br />

T h r e e d o c u m e n t s o f g u i d a n c e<br />

- Me t hod s o f ChemCh i na on Aud i t<br />

Management of Project Construction,<br />

Provisional Methods of ChemChina on<br />

Consigning Social Commission Agency<br />

for Audit of Project Construction, and<br />

Provisional Methods of ChemChina on<br />

Audit of Economic Efficiency - were<br />

issued, and implementation started.<br />

February 2008<br />

4


ISSUE 5 CHRONICLE OF 2007<br />

Chronicle of ChemChina in 2007<br />

www.chemchina.com.cn<br />

Aug. 4<br />

C h e m C h i n a h e l d i t s E c o n o m i c<br />

Operation Analysis Meeting for the<br />

first half year. In accordance with the<br />

principle advocated in the Central<br />

Enterprise Directors Seminar, Mr.<br />

Ren Jianxin initiated the work of the<br />

second half.<br />

Aug. 6<br />

Over 100 new recruits of ChemChina's<br />

Beijing subsidiaries (2007 university<br />

graduates) received career training.<br />

The President of ChemChina, Ren<br />

Jianxin, and CPC Vice Secretary, Fu<br />

Xiangsheng, made speeches at the<br />

training. (Above)<br />

Aug. 16<br />

In the Appraisal of China's Top 100<br />

Professional Industrial Websites<br />

organized by 51Top100 (http://<br />

www.51top100.com), two websites<br />

sponsored by China National Chemical<br />

Information Center (CNCIC) - namely,<br />

China Chemical Information Net<br />

(www.cheminfo.gov.cn), and China<br />

Chemical City On Internet (CCCOI,<br />

www.chem.com.cn) - ranked second<br />

and third in the chemical sector.<br />

Aug. 23<br />

ChemChina held a training class<br />

in Beijing for saving water. The<br />

directors and representatives in<br />

charge of energy conservation and<br />

emission reduction from more than<br />

40 of ChemChina's biggest waterconsuming<br />

subsidiaries participated<br />

in the training.<br />

Aug. 25<br />

Chonche Group Nanjing 7425 Factory<br />

was awarded a DOT certificate (for<br />

passing Federal Motor Vehicle Safety<br />

Standards) from the US Department<br />

of Transportation (DOT) for selling its<br />

auto-parts products to the US.<br />

Aug. 28<br />

Two projects of Siping Haohua<br />

Chemical Co., Ltd. that were underconstruction,<br />

- namely the 200,000<br />

t/a ion-exchange membrane caustic<br />

soda project and the 200,000 t/a<br />

PVC (polyvinyl chloride) paste resin<br />

project - after gaining the approval of<br />

the National Development and Reform<br />

Commission (NDRC), were included in<br />

the third group of Nationally funded<br />

projects for revitalizing traditional<br />

industries in Northeast China.<br />

BlueStar Water Treatment Co.,<br />

Ltd. won the bid to engineer the<br />

rainwater utilization for the Bird's<br />

Nest (the National Stadium) for the<br />

Beijing 2008 Olympic Games, and<br />

adopted advanced water treatment<br />

technology in keeping up with the<br />

goal of "Hi-tech Olympics."<br />

Sep. 1<br />

A meeting was held in ChemChina to<br />

convey the principles of the Central<br />

Enterprise Energy Conservation and<br />

Emission Reduction Conference. The<br />

President of ChemChina, Ren Jianxin<br />

directed the whole corporation to<br />

adopt these principles.<br />

Sep. 10<br />

ChemChina and the US Blackstone<br />

Group established a strategic<br />

partnership. Blackstone invested<br />

US$600 million (a 20% stake) in<br />

China National BlueStar (Group)<br />

Corporation. The combined strengths<br />

of ChemChina's chemical business<br />

and Blackstone's international capital<br />

operation will help build BlueStar<br />

into a world leading company in the<br />

fields of advanced chemical materials<br />

and specialty chemicals. (Right)<br />

Sep. 11<br />

ChemChina and Atos Origin signed<br />

a framework contract for global<br />

strategic cooperation. The President<br />

of ChemChina, Ren Jianxin, and the<br />

CEO of Atos Origin, Bernard Bourigeaud<br />

were present at the ceremony.<br />

The State General Administration<br />

of Quality Supervision, Inspection<br />

and Quarantine (AQSIQ) held the<br />

2007 Conference on China's Top<br />

Brands and China's International<br />

Top Brand Commendations in the<br />

Great Hall of the People, Beijing.<br />

Five products of ChemChina -<br />

Shenyang Chemical's "XingTa" PVC<br />

paste resin; Qingdao Rubber6 Group's<br />

"Rubber6" heavy-duty conveyor belt;<br />

BlueStar Cleaning's "BlueStar" vehicle<br />

antifreeze solution; Guilin Latex<br />

Plant's "GaoBang" rubber condom;<br />

and Aeolus Tyre's "Aeolus" full-steel<br />

radial tires - were honored as China<br />

Top Brands.<br />

China National Chemical Equipment<br />

Corporation (CNCE) was awarded a<br />

class-B license as a bidding agency of<br />

investment projects financed by the<br />

central government.<br />

Sep. 14<br />

The State-owned Assets Supervision<br />

and Administration Commission<br />

of the State Council (SASAC) held<br />

a Central Enterprise IT Solutions<br />

Seminar at ChemChina HQ. The<br />

Deputy Director of SASAC, Mr. Li Wei<br />

addressed the seminar, and heard a<br />

report presented by Mr. Ren Jianxin<br />

representing the administrative<br />

officers of ChemChina.<br />

February 2008<br />

5


ISSUE 5 CHRONICLE OF 2007<br />

Chronicle of ChemChina in 2007<br />

Sep. 16<br />

ChemChina organized ten of its<br />

subsidiaries to exhibit at the China<br />

(Taiyuan) International Coal and<br />

Energy New Industry Expo (2007<br />

CICEN Expo).<br />

Sep. 17<br />

China National Advanced Chemical<br />

Materials Corporation reorganized<br />

Dezhou Shihua Chemical Co., Ltd.<br />

by acquiring 100% of its state-owned<br />

stocks previously held by the Stateowned<br />

Assets Management Office of<br />

Dezhou City, Shandong Province.<br />

Fujian Sanming Double-Wheel<br />

Chemical Engineering Co., Ltd.<br />

received an A1-Level High Pressure<br />

Ve s s e l M a n u f a c t u r i n g L i c e n s e<br />

authorized by the State General<br />

Administration of Quality Supervision,<br />

Inspection and Quarantine (AQSIQ).<br />

Shanxi Synthetic Rubber Group was<br />

awarded a State High-Tech Enterprise<br />

Certificate.<br />

Hunan Yiyang Rubber & Plastics<br />

Machinery Group Co., Ltd. was<br />

authorized as a Supporting Enterprise<br />

for the National Level Enterprise<br />

Technology Center, jointly approved<br />

by five ministries and commissions<br />

including the National Development<br />

and Reform Commission, the Ministry<br />

of Science and Technology, the<br />

Ministry of Finance, the General<br />

Administration of Customs and the<br />

State Administration of Taxation.<br />

Sep. 30<br />

Provisional Regulations of ChemChina<br />

on Supervision and Management of<br />

was<br />

issued, and implementation began.<br />

Engineering and Construction<br />

Oct. 2<br />

The Vice Director of<br />

the National People's<br />

C o n g r e s s ( N P C )<br />

Committee, Gu Xiulian,<br />

accompanied by the<br />

CPC Deputy Secretary of<br />

Jiangsu Province, Zhang<br />

Lianzhen, Vice Director<br />

of Jiangsu Provincial<br />

NPC, Bai Suning, the<br />

C P C S e c r e t a r y o f<br />

Nantong City, Luo Yimin,<br />

Nantong Mayor Ding<br />

Dawei, and President of<br />

ChemChina, Ren Jianxin,<br />

made survey tour of<br />

the construction site at<br />

BlueStar (Nantong) New<br />

Chemical Materials Base.<br />

Oct. 11<br />

ChemChina held a special meeting<br />

to advocate the principles of the<br />

Central Enterprise Intellectual<br />

Property Right (IPR) Conference,<br />

and deployed the IPR works of the<br />

company.<br />

The State Administration for<br />

Industry and Commerce listed the<br />

Crane TM of Southwest China Haohua<br />

Chemical Co., Ltd. as a Well-Known<br />

Brand in China.<br />

Oct. 15<br />

The Seventeenth National Congress<br />

of the Communist Party of China<br />

opened. ChemChina President Ren<br />

Jianxin attended as a national<br />

delegate.<br />

Oct. 22<br />

The CPC Committee of ChemChina<br />

held a meeting for party members in<br />

Beijing. Ren Jianxin, the President<br />

of ChemChina and ChemChina's<br />

delegate to the 17 th<br />

CPC National<br />

Congress, briefed the audience on<br />

the substance of the congress, and<br />

laid out plans in accordance with the<br />

latest directives.<br />

ChemChina held its Enterprise IT<br />

Solutions Meeting to kick off several<br />

pilot projects in BlueStar, involving<br />

financial transformation, continuous<br />

transformation, data transformation<br />

and ERP projects, etc.<br />

Oct. 23<br />

The President of ChemChina, Ren<br />

Jianxin, met with Zhou Qiang,<br />

Governor of Hunan Province.<br />

www.chemchina.com.cn<br />

Oct. 15<br />

China National Advanced Chemical Materials Corporation<br />

(ACM Corporation) and the Japanese Mitsui & Co., Ltd.<br />

signed a CDM (Clean Development Mechanism) contract for<br />

nitrous oxide gas emissions purchase. It is expected that by<br />

2012, Heilongjiang Heihua Group Co., Ltd. (a subsidiary of<br />

ACM Corporation) can eliminate gas emissions equivalent<br />

to 900,000 tons of carbon dioxide. (Left)<br />

February 2008<br />

6


ISSUE 5 CHRONICLE OF 2007<br />

Chronicle of ChemChina in 2007<br />

Oct. 24<br />

www.chemchina.com.cn<br />

The President of ChemChina, Ren<br />

Jianxin, was invited to witness the<br />

launch of China's first lunar orbiter<br />

"Chang'e-I" in Xichang Satellite<br />

Launch Center. Mr. Ren exchanged<br />

ideas with relevant officials and<br />

attended celebrations together with<br />

top State leaders.<br />

Oct. 25<br />

Provisional Methods of ChemChina on<br />

Safety Assessment Management was<br />

issued, and its implementation<br />

began.<br />

Oct. 27<br />

The Release Conference of the 7 th<br />

Ranking of China's Largest Group<br />

Corporations and the 2 nd<br />

Ranking<br />

of China's 500 Most Competitive<br />

Enterprises was held in the Great<br />

Hall of the People in Beijing.<br />

According to the National Bureau<br />

of Statistics of China (NBSC), in<br />

2006, ChemChina was listed 35 th<br />

among China's top 500 largest group<br />

corporations and China's 100 leading<br />

group corporations; and 11 th among<br />

the Central SOEs (State-owned<br />

Enterprises) based on composite<br />

index. Within the chemical industry,<br />

ChemChina ranked first.<br />

Nov. 2<br />

Provisional Methods of ChemChina for<br />

Comprehensive Budget Management<br />

was issued, and implementation was<br />

started.<br />

Nov. 15<br />

Nov. 8<br />

China's largest intermeshing GE580<br />

Banbury mixer, developed and<br />

manufactured by Hunan Yiyang<br />

Rubber & Plastics Machinery Group<br />

Co., Ltd., passed acceptance testing.<br />

Nov. 7<br />

ChemChina President<br />

Ren Jianxin, invited<br />

b y t h e l e a d i n g<br />

American periodical<br />

,<br />

a t t e n d e d t h e<br />

p u b l i c a t i o n ' s 1 1 t h<br />

Annual CEO Forum,<br />

which was held in<br />

Beijing. In the forum,<br />

Mr. Ren met with Mr.<br />

Tony Blair, the former<br />

Prime Minister of the<br />

United Kingdom.<br />

B u s i n e s s W e e k<br />

T i a n j i n M a y o r D a i<br />

X i a n g l o n g , a n d<br />

ChemChina President<br />

Ren Jianxin laid the<br />

foundation stone at the<br />

formal groundbreaking<br />

of the BlueStar Tianjin<br />

Lingang New Chemical<br />

Material Base.<br />

A f t e r t h e<br />

g r o u n d b r e a k i n g<br />

c e r e m o n y o f t h e<br />

BlueStar Tianjin Lingang<br />

New Chemical Material Base, Zhang Gaoli, a member of the CPC Political Bureau<br />

and the Secretary of the Tianjin CPC Committee, arranged a meeting with the<br />

President of ChemChina, Ren Jianxin. Mr. Zhang expressed his support as well as<br />

thanks to ChemChina for building its largest advanced chemical material base<br />

in Tianjin Lingang Industrial Area (TLIA). He expressed hope that the Tianjin<br />

government will make every effort to help construction progress as scheduled.<br />

The Drying Technology and Equipment Engineering Technology Research Center,<br />

sponsored by Tianhua Institute of Chemical Machinery & Automation, won<br />

the approval of the Ministry of Science and Technology to become a National<br />

Engineering and Technology Center.<br />

February 2008<br />

7


ISSUE 5 CHRONICLE OF 2007<br />

Chronicle of ChemChina in 2007<br />

Nov. 22<br />

C h e m C h i n a p u t f o r w a r d a<br />

management idea of "zero discharge"<br />

as a strategic measure to intensify<br />

energy conservation and emission<br />

reduction in accordance with the<br />

Scientific Development Concept,<br />

striving to build a resource-saving<br />

a n d e n v i r o n m e n t a l l y f r i e n d l y<br />

enterprise.<br />

The Director General of the State<br />

Administration of Work Safety, Li<br />

Yizhong made survey tour of Harbin<br />

Petrochemical Co., Ltd. After hearing<br />

a report on production safety, he<br />

affirmed Harbin Petrochemical's<br />

achievements and encouraged the<br />

company to further strengthen its<br />

management of safety and worker<br />

health.<br />

Nov. 30<br />

A large meeting about ChemChina's<br />

preparation for the company's 2007<br />

final accounting and for training<br />

related to the new accounting<br />

standard was held in Beijing.<br />

ChemChina President Ren Jianxin<br />

addressed the meeting.<br />

Harbin Petrochemical Co., Ltd.<br />

successfully completed its 20,000 t/a<br />

maleic anhydride (MA) technology<br />

improvement project. The new unit<br />

came on stream.<br />

Haohua Yuhang Chemical Co., Ltd.<br />

put its 200,000 t/a PVC unit and<br />

200,000 t/a ion-exchange membrane<br />

caustic soda unit on stream.<br />

Zhenghe Petrochemical Co., Ltd.'s<br />

120,000 t/a acrylic acid and ester<br />

project (phase I) was completed and<br />

commissioned.<br />

Dec. 22<br />

The 36.00R51 giant all-steel radial<br />

engineering tires that were selfdeveloped<br />

by Haohua South China<br />

(Guilin) Rubber Co., Ltd. and<br />

listed in the State Science and<br />

Technology Supporting Program,<br />

were successfully manufactured.<br />

The products incorporated several<br />

patented technologies and other<br />

IPRs, unprecedented in this field<br />

domestically.<br />

Xinjiang Zhongtai Chemical Co.,<br />

Ltd. launched its 120,000 t/a PVC<br />

unit and its 100,000 t/a ion-exchange<br />

membrane caustic soda unit.<br />

The reconstruction and upgrading<br />

of the soda ash unit of Xinjiang<br />

Chemical Group Co., Ltd. was<br />

completed successfully and this new<br />

200,000 t/a unit went on stream.<br />

www.chemchina.com.cn<br />

Nov. 28<br />

The President of ChemChina, Ren<br />

Jianxin, was invited by Peking<br />

University to give a special speech<br />

in the main meeting hall of the<br />

university. Mr. Ren's talk, "The Three-<br />

Word Principles of ChemChina's<br />

Overseas Acquisition," was ardently<br />

welcomed by students and attracted<br />

attention from the media and from<br />

scholars. (Above)<br />

Dec. 10<br />

Provisional Methods of ChemChina on<br />

Assets Management was issued, and<br />

implementation began.<br />

Dec. 19<br />

ChemChina decided to make China<br />

BlueStar Petrochemical Corporation<br />

its directly managed subsidiary.<br />

Dec. 29<br />

The annual meeting of ChemChina<br />

was held in Beijing. President Ren<br />

Jianxin gave a keynote speech about<br />

advancing the pace and quality<br />

of growth. In his speech, Mr. Ren<br />

reviewed the development of the<br />

three year old ChemChina and the<br />

achievements of 2007. He also<br />

outlined what should be done in<br />

2008. At the conclusion, the CPC<br />

Committee Secretary of ChemChina,<br />

D u G u o s h e n g s u m m a r i z e d t h e<br />

meeting. (Above)<br />

February 2008<br />

8

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