2016 ANNUAL REPORT

02

CREATING VALUEPURSUING EXCELLENCE

01 04

CHAIRMAN'S MESSAGE

CORPORATE PROFILE

ORGANIZATION STRUCTURE

02

06

08

PRESIDENT’S MESSAGE04

BUSINESS OVERVIEW14

MANAGEMENT REPORT10

CORPORATE SOCIAL RESPONSIBILITY56

KEY EVENTS64

FINANCIAL STATEMENTS68

DIRECTORY76

CONTENTS

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2016 ANNUAL REPORT

CHAIRMAN’S MESSAGE

The year 2016 witnessed Sinochem Group’s efforts in carrying forward the tradition and marching into the future. Faced with volatile and challenging global business environment, Sinochem adopts a pragmatic and forward looking attitude, attaching great importance to the operation of existing business and also future development planning. Our profit margins recovered, which harbors great strength for future development. Business performance also shows signs of continuous improvement. I hereby would like to extend cordial appreciations to friends from all walks of life who have o� ered care and support to Sinochem’s growth.

As a market-oriented transnational conglomerate, Sinochem’s growth is closely connected to the well-being of global economic environment. Economic growth is still sluggish in 2017 with uncertainties on the rise. Nearly 40 years’ development following China’s adoption of Reform and Opening up Policy has clearly shown us reform and innovation can unleash enormous potential and momentum for growth, which shall never be underestimated. Supply side reform are gathering momentum; benefits of SOE reform are delivered; internal adjustments are gradually put in place. Sinochem will usher in an era featuring greater development space.

Great river seems wide at high tide, and against fair wind the sail is lifting. Innovation will be a more salient feature of Sinochem. We will embrace all-around innovation and reform encompassing R&D, business model, institution, and control system, etc. in a bid to revitalize ourselves and promote value creation. Sinochem will focus more on industrial upgrading and adjust business portfolio accordingly in line with industrial trends so as to provide better service and products to our customers and forge our core competitiveness in this due process. Sinochem will also attach great importance to the ful� llment of corporate social responsibility and the exercise of safety and environment protection rules with the purpose of promoting harmony between humankind and the nature, increasing the well-being of relevant stakeholders, and enhancing sustainable development capability. Sinochem could thus be qualified as a responsible corporate citizen.

Let us seize the opportunities and also rise to challenges, joining hands in creating a better tomorrow!

Chairman, Sinochem Group

05 04

2016 ANNUAL REPORT

Facing the new normal of Chinese economy, the demand growth slows down, overcapacit y becomes more severe, resources and environment constrains development, and technological revolution makes great advancement. In this context, the only way for an enterprise to survive and thrive is to follow the tide and build up core competitiveness through innovation and reform.

Against the background of economic downturn in 2016, we focused on business operation, management overhaul, and risk control, improved operation performance and quality, achieved a recovery growth and exceeded the budget goal. Meanwhile, we mapped out future development plan grounded on realities, clarified our strategic direction, advanced management innovation, and created new development momentum. I would like to take this opportunity to extend my heartfelt thanks to friends from all walks of life for your attention and support for Sinochem over the past year!

We will stay true to our original aspiration and pursue our dreams. The year 2017 will mark the implementation of Sinochem’s new development strategies and reforming measures. We will stick to our unwavering goal of development, making progress without disturbing stability, enhancing our corporate value and driving our career to new heights.

We are willing to join hands with our global partners for win-win cooperation, bringing greater value to our nation, society and the general pubic.

PRESIDENT’S MESSAGE

President, Sinochem Group

07 06

2016 ANNUAL REPORT

One of China’s four largest state oil companies

Among the earliest Chinese enterprises on the Fortune Global 500 list

Headquartered in Beijing, China, Sinochem Group was founded in 1950. Its predecessor was China National Chemicals Import and Export Corporation. Sinochem Group is a key state-owned enterprise under the supervision of State-Owned Assets Supervision and Administration Commission of the State Council of China (SASAC).

Sinochem Group is one of China’s four largest state oil companies, China’s leading chemical service provider, China’s biggest agricultural input (fertilizer, seed and agrochemicals) and integrated modern agricultural service operator. Sinochem also exerts strong influence in high-end real estate, hotel and non-banking financial service sector.  As a market-oriented global conglomerate, Sinochem’s quality products and services are relevant to many aspects of the mass economy and people’s well-being. The SINOCHEM and “ 中 化 ” brands are highly prestigious in China and the rest of the world.

Sinochem Group has established five Strategic Business Units (SBU), namely energy, chemicals, agriculture, real estate and finance. It operates more than 300 subsidiaries around the world. It holds a controlling stake in a number of listed companies, including Sinochem International (SH, 600500), Sinofert (HK, 00297) and China Jinmao (HK, 00817). Sinochem has over 50,000 sta� members around the world.

Sinochem is among the earliest Chinese enterprises on the Fortune Global 500 list and has 26 appearances in total, ranking 139th in 2016 and having been honored as Fortune’s World’s Most Admired Companies for two consecutive years. Continuous efforts over the years in strategic transformation and management overhaul have enabled Sinochem to maintain a sustainable, healthy and rapid development. Sinochem has been rated A in corporate performance by SASAC for three consecutive tenures and eleven consecutive years.

Sinochem’s vision is to become a respectable transnational conglomerate. Looking into the future, Sinochem will continue to uphold the philosophy of “Creating Value, Pursuing Excellence,” shoulder corporate social responsibility, and dedicated to innovative, harmonious and green development. We will redouble our efforts in developing a long-lasting business foundation, committed to the creation of well-being to our stakeholders and the general public in a sustainable way.

CORPORATE PROFILE

China’s biggest agricultural input (fertilizer, seed and agrochemicals) and integrated modern agricultural service operator

China’s leading chemical service provider

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2016 ANNUAL REPORT

Note: ★ Listed Companies

Energy Strategic Business Unit

Chemicals Strategic Business Unit

Agriculture Strategic Business Unit

Real Estate Strategic Business Unit

Finance Strategic Business Unit

Sinochem Petroleum Exploration and Production Co.,Ltd

Sinochem Oil Co.,Ltd.

Sinochem Quanzhou Petrochemical Co., Ltd

Sinochem Industries Co., Ltd

Sinochem Oil Marketing Co., Ltd

China Foreign Economy and Trade Trust Co., Ltd.

Sinochem Finance Co., Ltd.

Sinochem International Tendering Co., Ltd.

Far East Horizon Limited ★

Sinochem Assets Management Co., Ltd.

Sinochem International Corporation ★

Sinochem Lantian Co., Ltd.

Sinochem Plastics Co., Ltd

Shenyang Research Institute of Chemical Industry

Sinochem Hebei Co., Ltd.

Sinochem Jiangsu Co., Ltd.

Sinochem Qingdao Co., Ltd.

Sinofert Holding Limited ★

China National Seed Group Co., Ltd.

Sinochem Agriculture Holdings Co., Ltd.

China Jinmao Holdings Group Limited ★

Beijing Eastern Garden International Conference Center

Human Resources Department

Department of Innovation and Strategy

Department of Strategy Execution

Department of Auditing and Compliance

Department of HSE & Industry Management

Department of CPC & Public A� airs

Department of Discipline Inspection

Finance Department

General O� ice

Sinochem Group

ORGANIZATION STRUCTURE

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2016 ANNUAL REPORT

A role model with “Advanced technologies, Energy conservation, Environmental friendliness”

A staunch force in safeguarding national energy security, agriculture security and technological progress of chemical industry

A respectable conglomerate having global inf luence and strictly fulfilling by social responsibilities

Sinochem’s Vision

Sinochem’s Mission

A respectable conglomerate that enjoys global influence

MANAGEMENT REPORT

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2016 ANNUAL REPORT

INNOVATING MANAGEMENT TO MOTIVATE VITALITY

We always uphold the philosophy of “Lean Management”, run and improve Quality Management System, focus on addressing key management problems and weak links, constantly perfecting our management system.

We adjusted our corporate structure, establishing 5 strategic business units and 9 functional departments. To realize the new strategic goals, we optimized and adjusted the management control system. According to the mode of “Small Headquarters, Big Business”, we reduced cost, increased e� iciency, rebuilt goals that conformed to the new management system of strategic control and investment holding in headquarters. Strategic business units headed towards the goal of becoming a mainstay in implementing corporate strategies and expanding business, by unleashing the vitality and expanding the business on a solid base.

We were thoroughly audited by the National Audit Office, and actively corrected our incompliances, further improving the basic corporate management.

We gave full play to the core role of the Party, practiced strict rules for Party members, carried out courses to learn Party Constitution and President Xi Jinping’s speeches and become qualified members, implemented Guidelines by Sinochem’s Leading Party Members’ Group. By doing so, we have strengthened our party building and promoted the reform and development of our company.

We strengthened the accountability system for supervision and execution of disciplines, stretching the practice of strict rules to grass root Party organizations. Party organizations at various levels were required to take their responsibilities and

gradually built a “corruption-proof” system and mechanism.We nurtured a corporate culture of putting people first. By creating an entrepreneurial working environment, establishing a reasonable evaluation and motivation system, and enhancing the quality of logistic services, we improved employees’ happiness and sense of belonging.

FULFILLING OUR RESPONSIBILITY AND SERVING SOCIETY

In 2016, we kept on fulf illing our political, economic and social responsibility as a state-owned enterprise, played a key role in energy and agriculture sector, strictly adopted national macro-economic adjustment measures, actively engaged in strategic reserve of crude oil and oil products, took part in joint negotiations of potash fertilizer, shouldering our responsibility for guaranteeing the supply of relevant products and industrial safety.

We carried out a series of nation-wide activities to provide public agricultural services, namely “Sinochem’s Care for the Agricultural Dream”, aiming to increase agricultural output and famers’ income. We carried out a series of nation-wide activities to provide public agricultural services, namely “Sinochem Aspires to Realize Your Agricultural Dreams”, aiming to increase agricultural output and famers’ income. We pursued a green development strategy to conduct clean production and circular economy, reduced energy consumption for generating each million yuan of industrial output value, keeping various pollution emission under control. We invested in public welfare such as education and health care in poor areas, providing financial support to four counties in Tibet, Qinghai and Inner Mongolia, totaling RMB 284 million. By building a series of products and brands of strong influence and competitiveness, our development achievements were highly recognized by the society.

MAKING BREAKTHROUGH AND RECOVERING GROWTH

In 2016, Sinochem’s leadership realized a smooth transition and laid a solid foundation for a new round of development. Under the leadership of new management team, we made all efforts to increase bene� ts, achieving good results. Operating revenue rose to RMB 395.5 billion, up 3.9% YoY; total pro� t achieved recovery growth, standing at RMB 8.07 billion, up 34% YoY; the cash flow of operation hit the best record of the past 3 years.

While improving the operation, we built a good market image. Besides guaranteeing national energy security and agriculture security, we generated a total social contribution of RMB 35.5 billion, promoting national economic and social development. In 2016, Sinochem came on the Fortune Global 500 list for the 26th time, ranking 139th, and was rated as the 6th largest trading company in the world. The big three credit-rating agencies, namely S&P, Moody’s, and Fitch, maintained their rating of Sinochem on A-. Chairman Frank Ning was honored by Fortune China as “China’s 50 Most Influential Business Leaders”.

PROMOTING DEVELOPMENT AND CLARIFYING STRATEGY

In 2016, grounded on realities and looking into the future, we actively mapped out Sinochem’s future development, further clarified our strategic direction, created new momentum, and made new progress on our reform and development.

We o� cially set up Board of Directors, rationally divided the responsibilities of Leading Party Member’s Group, Board of Directors and President’s Office, and further regulated the corporate governance. Since its establishment, the Board of Directors has played an important role in facilitating big operation decisions of our company.

We held strategic seminar to draw on collective wisdom. Thorough discussion, we clari� ed or corporate positioning and development direction, namely “an innovative petrochemical and fine chemicals enterprise, a holding company with limited diversi� cation covering agriculture, real estate and finance business”.

We launched an ethylene project with a capacity of 1 million tons/year as well as a re� ning expansion project. According to the plan, the re� ning capacity will be expanded from 12 million tons/year to 15 million tons/year. At the same time, we started an ethylene project of with a capacity of 1 million tons/year (including 800,000 ton aromatics per annum), together with storage, terminal and other public infrastructure facilities. Based on the industrial park exclusively utilized by Sinochem, we aimed to build a world-class petrochemical base beside the port.

We enhanced our ability to provide agricultural services through Sinochem Agriculture. Since its establishment, Sinochem Agriculture has put into practice the requirements of the CPC Central Committee on agricultural modernization and supply side restructuring, actively explored new operation model, and established strategic partnership with COFCO, Sinograin and other major state-owned enterprises.

We actively made the development plan for the next three years and pursued sustainable development. During the plan-making period, we launched a “Blue Army Project”, selecting a group of professionals from various business units to study our operation environment, strategic choices, operation measures and development targets from a di� erent perspective, so as to obtain more comprehensive and deeper insights of corporate strategies, and scout young talents.

As the world economy witnessed a low growth rate in 2016, China’s economy gradually stabilized amid slow growth, but the market was still facing severe challenges. Confronted with impacts of external business environment, Sinochem united as one and headed towards a common goal to promote both quality and efficiency. As a result, operation quality improved, operation performance recovered and rose, phased achievements were realized on strategic adjustment, and Sinochem maintained sustainable and healthy development.

Operating revenue

395.5 billion Yuan

Gross profits

Total social contribution

In response to the opportunities and challenges posed by external changes, Sinochem will continue to follow the 5 development philosophies of “Innovation, Coordination, Greenness, Openness, Sharing”, aspire to become stronger and better, focus on the needs of market and customer, and fuel our development by innovation. Through technological, operation and management innovation, we will create more value, enhance operation quality and efficiency, upgrade the industry, and realize a sustainable and healthy development for our company.

8.07 billion Yuan

35.5 billion Yuan

Annual gross profits from 2007-2016 (100 million yuan)

0

20

40

60

8085.8 87.8

61.4

90.8

134

106.7 108.7 113.5

60.1

80.7

140

100

120

Annual operating revenue from 2007-2016 (100 million yuan)

0

1000

2000

3000

4000

2297

3090

2430

3353

4590 4532 46694986

3812 3955

5000

2007 20072008 20082009 20092010 20102011 20112012 20122013 20132014 20142015 20152016 2016

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2016 ANNUAL REPORT

REAL ESTATE BUSINESS

FINANCE BUSINESS

We have realized balanced development of our major 5 strategic business units, namely energy, agriculture, chemical, real estate, and finance by upholding the core philosophy of “Creating value, Pursuing excellence”, sticking to the development strategy of diversified but limited business portfolio development, fully utilizing our advantage of international business operation, and constantly strengthening capacity building on major links of industrial chain. We have become a signi� cant force in promoting industrial development and serving national economic development with our corporate value and influence on relevant industries constantly on the rise.

ENERGY BUSINESSExploration and Production

Oil Refining

Oil Trading

Petrochemical Warehousing

Oil Products Marketing

City Operations

Hotel Operations

Property Development

Commercial Leasing

Retail Operations

AGRICULTURE BUSINESSFertilizers

Agrochemicals

Seeds

Agriculture Service

Trust

Securities Investment Fund

Financial Leasing

Finance Company

Life Insurance

CHEMICAL BUSINESSFluorine chemical

Fine Chemicals

Natural rubber and ingredients for rubber and plastics

Pharmaceuticals

Chemical Logistics

Petrochemical feedstock marketing

BUSINESS OVERVIEW

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2016 ANNUAL REPORT

Oil Trading Oil Products Marketing

Petrochemical Warehousing

ENERGY BUSINESS

300 billion Yuan

Sales revenue

Oil RefiningExploration and Production

As a state-owned oil company with market orientation, Sinochem has accumulated abundant experience and expertise over the past sixty years in oil business. We provide oil and gas products for the bene� t of social and economic development, participate in building national strategic oil reserve system as well as planning and researching national energy development, and also play an ever important role in domestic and global energy market.

Over the past decade, while consolidating our competitiveness in international oil trading, petrochemical storage and logistics, we have accelerated our pace in extending the industry value chain both upstream and downstream. Our energy business is under the centralized management of the Energy Strategic Business Unit. Our energy business portfolio covers E&P, oil trading, oil refining, petrochemical warehousing, oil products marketing, ethylene project, and chemical marketing etc. We have become a key national energy enterprise featuring internationalized operation, full industry chain, and outstanding marketing capabilities with our strength and sustainability constantly on the rise.

As the oil and gas industry fell into a cyclical downturn in 2016 and imposed severe challenges, we strengthened synergetic operation of separate links on the value chain by adjusting our operating mentality and pressing ahead with our strategies for the purpose of steady and sound business operation. For oil exploration and production, fresh progress were made in our projects located at Colombia, United States, and Chongqing. Marketing capability of oil trading was enhanced. With regards to re� ning business, the qualification for re� ned oil trade and production was also issued, making possible the exporting of refined oil to overseas market. Sinochem Quanzhou 1 million tons/year Ethylene Project and Oil Refinery Renovation and Expansion Project were reviewed and approved by Fujian Development and Reform Commission. Petrochemical warehousing business achieved steady progress with increased pro� tability. The building of re� ned oil marketing and distribution network has accelerated with oil sale capacity constantly improving. Total turnover volume for the oil business is 150 million tons with sales exceeding 300 billion Yuan.

In the future, we will fully utilize “two resources and two markets”, take oil and chemicals trading and marketing as our core, refining and ethylene business as our pillar, and warehousing as support for integrated infrastructure services. We will moderately develop exploration and development business, and build Sinochem into a sustainable national energy company with integrated value chain, contributing to the sustainable development of energy business both at home and abroad.

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2016 ANNUAL REPORT

DISTRIBUTION OF E&P PROJECTS AND OIL TRADING BRANCHES

EXPLORATION AND PRODUCTION

We made our � rst move of “going global” in the upstream sector of the oil industry, developing oil and gas exploration business globally in 2003. With over a decade of development, we now have 35 contracted oil and gas blocks in 9 countries and regions, including Brazil, Colombia, the United States, and China, etc. Our resources spread over various terrains like desert, hilly lands, rain forests and seas, covering light oil, heavy oil, natural gas, shale oil, etc. Our business types has covered both operators and non-operators. We operate along each link of the upstream value chain, including exploration, production and pipeline transportation. We have established sound cooperation relationship with international oil companies, including Statoil, Total, and Pioneer Natural Resources. By the end of 2016, our equity 2P (Proven and Probable) oil and gas output and reserve reached 22 million and 1 billion barrels respectively.

E&P equity output

22 million barrels

Equity 2P oil and gas reserves (million barrels) from 2011-2016

0

200

400

600

800

1000

2011 2012 2013 2014 2015 2016

Ecuador

Brazil

ColombiaUSA

Sinochem Oil Co., Ltd., Japan Representative O� ice

Sinochem Oil Co., Ltd., Taiwan Representative O� ice

Energy Strategic Business UnitSinochem Petroleum Exploration And Production Co., Ltd.Sinochem Oil Co., Ltd.

Oil Trading BranchesHeadquarters Exploration and Production Projects

Sinochem International Oil ( London ) Co., Ltd.

Syria

China

UAEIndonesia

Sinochem International Oil ( Singapore ) Pte., Ltd.

Sinochem Oil ( Thailand ) Co., Ltd.

Tunisia

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2016 ANNUAL REPORT

Global crude and refined oil turnover

150 million tons

OIL TRADING

Oil trading is Sinochem’s traditionally strong business. Based on our sound cooperative relationships with many oil-producing countries and their state oil companies, we have acquired � rm access to overseas oil resources and signed long-term crude oil contract of over 70 million tons per annum. In 2016, total crude oil and refined oil turnover volume was nearly 150 million tons with the capability of ampli� cation operation of resources constantly on the rise.

By virtue of good reputation and advantages in business channels and techniques, we have established long-term cooperation relationship with major oil companies and related financial institutions in oil trading and risk management, and provided quality crude oil and professional services for domestic and foreign clients with a stable and extensive sales network. In addition to meeting domestic market demand, we conducted entrepot sales to re� neries in Southeast Asia, Europe and North America, becoming a key crude oil supplier for certain countries and regions. We were also engaged in import agency service and self-operated business of aviation kerosene, naphtha, diesel for duty-free vessel, and other kinds of light oil.

To safeguard smooth operation of our oil trading business, we have invested in five VLCCs, and worked with international ship-owner giants, which equipped us with professional oil transportation service capability. We can provide convenient and efficient charter services to customers at home and abroad.

2016 crude oil long-term contract

70 million tons

OIL REFINING

We started oil refining business in the late 1980s. At present, the refineries we have invested have a combined refining capacity of nearly 27 million tons per annum. The 12 million tons/year Quanzhou re� nery, which we invested and constructed independently, was commissioned in 2014. We are also the largest shareholder of Dalian West Paci� c Petrochemical Co., Ltd. (abbr. “WEPEC”), China’s earliest Sino-foreign joint venture re� nery.

Sinochem Quanzhou 12 million tons/year refinery project is one of the key projects coming into operation during China's “12th Five-year Plan”. Based on high starting point and high standard, we are committed to building it into a large-scale modern refinery which is “technologically-advanced,energy-conserving, environmental-friendly and sustainable”. It is a world-class large re� nery with leading position in China in 7 aspects, such as safety and environmental protection, energy consumption level, product quality, equipment scale, process route, process technology, and market adaptability of diesel-gasoline ratio. It produces over 20 types of petrochemical products, including gasoline, diesel, kerosene, polypropylene, etc, among which all gasoline and diesel products meet Euro V standards. The diesel-gasoline ratio can be adjusted � exibly to meet market demand.

In 2016, Sinochem Quanzhou processed 11.5 million tons of crude oil and launched 1 million tons/year ethylene and refining expansion project. In the future, a state-of-the-art modern petrochemical base will be established in Quanzhou with a processing capacity of 30 million tons of crude oil per annum, a production capacity of 2 million tons of ethylene per annum and a production capacity of 2.5 million tons of aromatics per annum.

Established in 1990, WEPEC is a hydrogenated re� nery capable of processing high sulfur crude oil. It has a crude oil processing capacity of 10 million tons per annum. It produces more than 10 varieties and more than 30 kinds of oil and chemical products, which are sold to over a dozen countries and regions.

Sinochem Quanzhou annual crude oil refining capacity

11.5 million tons

Annual crude oil processing capacity

27 million tons

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2016 ANNUAL REPORT

OIL PRODUCTS MARKETING

Sinochem has been engaged in oil products marketing for nearly 20 years, which is a key link in extending our energy business downstream. We have accumulated rich operation and management experience in terms of distribution. In recent years, our re� ned oil distribution and retail network has been constantly improved, forming a strategic marketing layout in North China, East China, Central China and South China. Our network covers 18 provinces and municipalities, including Beijing, Shanghai, Fujian, Guangdong, etc. We own 21 provincial oil marketing companies at provincial level with over 50 oil distribution depots. More than 1100 gas stations have been completed and under construction. As refined products of high quality produced in Quanzhou refinery are sold to more customers with more professional services, the brand “Sinochem Oil” is gaining more market reputation and position.

Always putting our customers first, we will stick to standard management and professional operation. We will establish an asset layout with oil depots and gas stations as its core, further increasing our scale effect and market competitiveness. We are dedicated to providing quality oil products and services to meet increasingly diversified demands of customers for gas stations, building “life stations for people and cars” and realizing a transformation from oil products supplier to integrated service provider.

PETROCHEMICAL WAREHOUSING

We maintains leadership position in the domestic market of petrochemical warehousing and logistics. At present, we are operating, building and managing approximately 13 million cubic meters of petrochemical storage space, which forms a storage and logistics network covering Bohai Sea Rim, Yangtze River Delta and Pearl River Delta. We also have a series of jetties, ranging from 3,000 mt class to 300,000 mt class, to support our logistics network. We are also the largest petrochemical storage and logistics service provider with the strongest service capability in China.

Drawing on our sound petrochemical storage and logistics network, we supply warehousing, transportation, and transfer service for crude and refined oil to the most developed regions with the largest oil consumption demand in China. By doing so, the re� ned oil market could be stabilized and the smooth operation of the re� neries in those regions guaranteed. In addition, we are also entrusted by the state to build the national strategic crude oil reserve base and re� ned oil reserve base, contributing our part to China’s energy security.

In 2016, while promoting the smooth operation of our ongoing petrochemical warehousing and logistics projects, we sharpened the brand image of Sinochem’s logistics business by developing new customers and optimizing business structure. Transport volume broke history record, exceeding 47 million tons.

Warehousing and logistics turnover

47 million tons Gas stations under

construction and in operation

1100

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2016 ANNUAL REPORT

Sinochem’s chemical business is under the centralized planning and management of the Chemical Strategic Business Unit, gaining a competitive edge in � uorine chemicals, natural rubber, plastic and rubber agents, � ne chemicals, pharmaceuticals, chemicals logistics, petrochemical feedstock marketing, etc. It has developed into a leading integrated chemicals service provider in China, playing an active role in promoting technological progress, as well as the safe, environment-friendly, and sustainable development of the chemical industry.

In the future, centering on � ne chemical industry, we will further enhance our control on key links along the value chain, including resources acquisition, technology development, and market exploration so as to consolidate our leading position and also facilitate the sustainable development of our chemical business.

Fluorine chemicals Natural rubber and ingredientsfor rubber and plastics

Petrochemicalfeedstock marketing

PharmaceuticalsFine Chemicals

CHEMICAL BUSINESS

Chemical Logistics

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2016 ANNUAL REPORT

Annual processing capacity

1.5 million tons

FLUORINE CHEMICALS NATURAL RUBBER AND INGREDIENTS FOR RUBBER AND PLASTICS

Natural rubber is one of the four major industrial raw materials. As a pioneer in natural rubber industry, Sinochem Group undertakes the strategic mission of safeguarding national security in terms of natural rubber resources. Sinochem Group has over 60 years of history in operating natural rubber business. Starting from natural rubber trading, our business scope are now expanding horizontally and vertically along the industrial chain to natural rubber planting, processing, marketing, as well as R&D and production of natural rubber ingredients, and relevant value-added services. Our business footprints spread across China, Southeast Asia, South Asia, Europe, Africa, and America, forming a unique business landscape that integrates international and domestic market, and covers the whole industrial chain, which makes us the advance team in the “Belt and Road Initiative” and “Going Global Initiative” put forward by Chinese Government. We signed the agreement in acquiring the SGX-listed Halcyon Agri Corporation Limited, in a bid to creating world’s leading natural rubber supply chain manager.

In terms of planting resources, we secured high quality land resources in Southeast Asia and West Africa, having 50,000 hectares of natural rubber planting area. In terms of production and processing, we keep streamlining the layout of our production capacity across the globe. At present, we have 32 manufacturing plants in major natural rubber production areas with a processing capacity of 1,500,000 tons per annum, such as West Africa, Southeast Asia, Yunnan and Hainan of China. Taking the upscale radial tire as our � agship product, we supply premium resources for world-renowned tire and rubber producers. In terms of marketing and service, we keep enhancing our management on the supply chain. With our sales outlets, storage hubs and logistics service facilities across China as well as our overseas marketing platform in Singapore, we have strengthened our marketing service capacity to serve our downstream clients. We have also intensified the strategic cooperation with world-renowned tire producers like Bridgestone, Michelin, Continental and Goodyear with the size of marketing and sales ever increasing. Our natural rubber operating volume ranks the 3rd place in the world. In terms of technical R&D, we give full play to the role played by the Natural Rubber R&D Center to support the improvement of our manufacturing and processing technique and the e� iciency of our manufacturing equipment so as to promote innovation in our processing plants. 

Our subsidiary Jiangsu Sinorgchem Technology Co., Ltd. (abbr. Jiangsu Sinorgchem) is a world leading comprehensive service provider that integrates plastic and rubber ingredients research & development, production, and marketing. Its product portfolio includes anti-ager PPD, intermediate RT base, insoluble sulfur, highly purified TMQ, and accelerant, etc. Sinorgchem Technology follows the R&D path featuring cooperation between higher learning education research institution and the industry. With leading technology and clean production as its goal, Sinorgchem is taking the lead in green development of global rubber chemicals.

Use reduction of ODS annually

100 thousand tons

Sinochem Lantian Co. , Ltd. (hereinafter referred to as Sinochem Lantian) is one of the earliest enterprises engaged in the research and production of Ozone Depleting Substances (ODS). It developed over 40 ODS substitutes on its own, contributing to over 100’000 tons of ODS reduction annually.

Sinochem Lantian takes the leading place in fluorine chemicals science and technology innovation in China, undertaking 11 research topics under the 863 Program (National High-tech R&D Program) and National Key Technology Support Program, chairing the drafting of 27 national and industrial standards, and receiving over 220 authorized patents, the largest number in China. We have established a full fluorochemical industrial chain, offering over 50 varieties of fluorine chemical products. We also boasts the largest reserve of fluorite in China, the second largest in the world. Fluorochemical production ranks the sixth place in the world, among which over 10 varieties boasts the largest market share both at home and abroad. “JINCOOL” brand car air conditioner refrigerant takes 80% share of China’s car air conditioner market. Production of “Kehua” brand trifluoroacetic acid ranks the first place in the world.

2016 witnessed approval of two national research sub-topics under the “12th Five-year Plan” and acceptance of 3 programs under the auspices of the MEP, including Studies on the Development and Application Technologies for the Experiment of Hexafluoroacetone Fire Extinguisher on a Pilot Scale. 36 patent applications were submitted, and 22 patents were authorized and granted. National Key Laboratory for Fluorine-containing Greenhouse Gas Substitute, Control and Processing was officially inaugurated, the only one in China and the fourth one in the world. China’s first relative method GWP testing installations was built under the Recruitment Program of Global Talents, a milestone marking that. China has become one of a few nations in the world capable of testing compound atmospheric lifetime and GWP, and also closing the market niche at home.

The new generation of substitutes for refrigerant and fire extinguishing agent, etc. could effectively reduce greenhouse gas emission by over 99%, offering solutions in tackling global warming.

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2016 ANNUAL REPORT

PHARMACEUTICALS

Our pharmaceutical business covers R&D, manufacturing and sales, and has competitive edge in technology innovation, scale production, commercialized distribution, and international trade. 

We offer contracted laboratory R&D service and tailored processing services of special intermediates to our clients. Biology & Pharmaceutical Research Institute a� iliated to Shenyang Research Institute of Chemical Industry is mainly engaged in the research and development of anti-cancer and anti-infection medicines. The first innovative small molecule compound SYD007 closes the vacuum of the absence of bladder infusion medicines in China. In addition, Shenyang Research Institute for Safety Assessment is the first safety assessment institute with GLP accreditation granted by OECD member country. It is able to conduct safety assessment and testing for pharmaceuticals, pesticides, new chemical substances, veterinary medicine, and also capable of carrying out a full set of medical experiments. Sinochem Qingdao Co., Ltd is a professional marketing and industrial service provider that integrates R&D, production, and marketing. It is especially famous as a service provider of nutritional supplement.

DSM Sinochem Pharmaceuticals (DSP), our joint venture with Royal DSM, is a company that operates globally. It employs “Green Enzyme” technique in manufacturing anti-infection and cardiovascular drugs. It takes the lead in the global β-lactam anti-infection market. 

Zhejiang Intmedic Group Co., Ltd., our subsidiary, a leading enterprise in pharmaceutical logistics in China, has its major businesses spreading across medicine, Traditional Chinese Medicine, and biomedical equipment, businesses of which cover pharmaceutical distribution, modern logistics, e-commerce, and end-customer retailing. It undertakes the task of strategic pharmaceutical warehousing for Zhejiang Province and Hangzhou municipality, as well as providing professional pharmaceutical logistics service for G20 Hangzhou Summit. It has become a core enterprise for provincial pharmaceutical warehousing and modern pharmaceutical logistics in Zhejiang. 

Sinochem Jiangsu Co., Ltd is mainly engaged in international trade, domestic distribution, R&D and manufacturing of pharmaceutical intermediates, APIs, formulations and other pharmaceutical products. It also operates warehousing, logistics, domestic distribution of medical equipment. Its clients are widely based in over 100 countries and regions around the world.

FINE CHEMICALS

We are vigorously developing our fine chemical business. Yangnong Group, which we have a majority stake, has a leading market position and exerts global influence in chlorination and nitration of benzene and Epichlorohydrin. Its production capacity for chlorination, nitration of benzene ranks the first place in the world. The equipment for producing Epichlorohydrin that employs the bio-based glycerol method, the first of its kind and by Yangnong’s indigenous technology ranks the second place in terms of production capacity in China. Currently Yangnong Group has 4 fully-equipped re� ned chemical industrial bases, among which the one located in Zhongwei, Ningxia owns the production quali� cation to produce phosgene.

In terms of R&D, Yangnong Group is a national key high-tech company, and has built a national-level corporate technology center, enterprise academician work station, a postdoctoral research station, and a professional research institute and an engineering technology center that focus on pesticide, re� ned chemical and resin material. It has strong capability for the development of industrialization and commercialization. 

We conducted strategic cooperation with technology leading enterprise in the world in high performance products, such as functional materials, polyether, polybasic ethanol. Part of functional materials enjoy leading market position in the subdivided market.

Sinochem Hebei Co., LTD. (hereinafter referred to as Sinochem Hebei), our subsidiary, has identi� ed the development strategy centering around fine chemical and fine processing of coal tar. Sinochem Hebei has completed the industrial layout with Sinochem Xinbao as the separation platform and Sinochem Fuheng as the synthetic platform, having multiple products that are among top three in the world in terms of production and sales.

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PETROCHEMICAL FEEDSTOCK MARKETING

Sinochem Group is an integrated chemical trader and distributor that exerts great influence both at home and abroad.

As the largest chemical distributor in Asia, Sinochem Plastics Co., Ltd. (hereinafter referred to Sinochem Plastics), a subsidiary of Sinochem Group, enjoys sound upstream and downstream customer relationships, complete logistics and technical support system, and a distribution network that covers whole China. Sinochem Plastics is engaged in the business of plastics, � ne chemicals, and new materials, including ABS resin, polycarbonate, and polyethylene, plastics for vehicle use, biochemical raw materials, high-performance composite materials, and new intermediates, etc., enabling us to provide whole chain marketing service for multiple sectors, including clothing, catering, accommodation, and transportation. Sinochem Plastics established a one-stop vertical e-commerce platform named 1chem (www.1chemic.com) that covers information, prices, trading, and services, dedicated to streamline business flow, cash flow, information � ow, warehousing, and logistics and provide integrated � nancing, warehousing, and logistics service. 2016 witnesses a sales volume of 2.58 million tons and a sales revenue of 12.5 billion RMB.

We have established a marketing and service pattern centering on our customers, and a marketing and service system covering the whole industrial chain for the purpose of providing tailored services and business solutions to our customers. We constantly solidi� es our cooperation with petrochemical enterprises at home and abroad, having sound cooperative relationship transnational petrochemical giants, including Exxon Mobil, BASF, Chevron, etc.

We have both domestic and foreign marketing platforms with branches and representative o� ces in Singapore, Dubai, etc., as well as a domestic marketing network that covers over 20 major cities so as to gain a better understanding of service terminals and provide professional marketing and raw materials procurement service at a low cost for our customers at the upstream and downstream of the value chain.

Chemicals sales volume

2.58 million tons

1.4 million tons

CHEMICAL LOGISTICS

Our chemical logistics business involves shipping, IOS tank containers logistics and rental, terminal storage tanks, and LNG, etc. with total assets exceeding 8.2 billion yuan. Our shipping capacity and scale for liquid chemicals enjoys leading position in the world, enabling us to o� er tailored, e� cient, and low cost logistics solutions and energy and chemical logistics service that are safe, reliable, and smart to our customers.

As the largest liquid chemicals ship owner, we take dominant position in domestic trading routes, and also assumes leading position in Australian and New Zealand routes, as well as those across the Taiwan Strait. We have set up a safety management system reaching international standards. Our ships reach the industry testing standards of CDI and also large oil companies including SHELL, BP, Chevron, BASF and ExxonMobil. We currently owns 80 IMO II/ III bulk liquid chemical ships, the capacity of which ranging from 2,700 to 45,000 tons, which adds up to a total shipping capacity of 1.4 million tons. We provide shipping service for all kinds of bulk liquid chemicals, highly hazardous liquid chemicals, acids, refined oil, edible oil, animal and plant oil, lique� ed petrol gas, and other specialty chemicals. We are also the only ship owner in China capable of undertaking the transportation of high end liquid chemicals, including TDI, MDI, etc.

As the third largest tank containers logistics operator, we own a professional service management team, operating nearly 26,000 T11, T20, T50 and other types of ISO tanks. Based on our operating framework that spans across five continents, we are dedicated to provide comprehensive door-to-door logistics service for chemical and foodstu� industries; based on our powerful tech-support teams and provider network, we also provide professional ISO tanks service, including rental, sales, cleaning, maintenance, renovation, and annual check, etc.

Sinochem set up two joint ventures with Lianyungang Port group, namely Lianyungang Port international Petrochemical storage Company and Lianyungang Port international Petrochemical Harbor Service Company, which constructed 3 liquid 50,000 tons bulk terminals and a 800,000 cubic meters of storage tank with a planned handling capacity of 5 million tons per year to perform chemical and oil warehousing, customs bond, rail cargo loading and unloading services.  Phase I of the program was launched into operation in 2016.

With LNG ISO tanks logistics as the core of our service, we have devoted great e� orts to develop the LNG supply service, establish and streamline logistics operating model and rules concerning LNG spot transactions so as to improve our LNG supply e� iciency and provide integrated energy supply and logistics solutions.

Shipping capacity

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Sinochem Group is the largest state-owned-enterprise under supervision of the Central Government operating agro-inputs (fertilizer, seed and agrochemicals) and modern agriculture service. We are committed to becoming a leading comprehensive service provider of agricultural inputs and services in the world via the integration of advanced technology, premium products and professional services, contributing our part to China’s agricultural supply side reform and modern agricultural development.

Our agricultural business (fertilizer, seed, Agriculture Service) is under the centralized management and planning of agricultural strategic business unit. Our fertilizer flagship, Sinofert Holdings Co., Ltd. (abbrv. Sinofert), is the largest fertilizer supplier and distributor in China, with its businesses covering the complete industry value chain, ranging from resources development, R&D, production, distribution and agrochemical services. It plays a signi� cant role in safeguarding fertilizer supply and facilitating agricultural development. 

China National Seed Group Corporation (China Seed), Sinochem Group’s subsidiary, is the only national seed company that runs breeding, production and sales businesses for crop seeds. Its overall strength takes the lead in domestic market. It is committed to becoming “The top player in China and a leading player in the world”, and thus promoting the upgrading of China’s seed industry. 

Our pesticide business integrates R&D, production, sales and technology service. We supply the market with highly efficient and environmental-friendly products and professional services. We are also among the top players in China in terms of comprehensive competitiveness. 

Sinochem Agriculture Holdings (abbrv. Sinochem Agriculture), our subsidiary, o� ers comprehensive solutions to modern agriculture, which aims at enhancing the sustainability of planters’ revenue and promoting the modernization of agriculture by integrating advanced technologies and agricultural resources, promoting comprehensive planting solutions, and facilitating innovation in centralized agricultural production.

In the future, with the honored tasks of facilitating agricultural development and safeguarding food security at home and abroad, we will intensify our e� orts in building key links along the value chain, give greater play to our advantages in integrating seeds, fertilizers, and agrochemicals service, in an e� ort to be a world leader in supplying agro inputs and providing integrated agricultural service.

Fertilizers Seeds Agriculture ServiceAgrochemicals

AGRICULTURE BUSINESS

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Kailin Co., Ltd.

Gansu WengFu

Jinmei Tianyuan

Salt Lake Industry

Tri-circles Sinochem

Tri-circles Sinochem Mosaic

Sinochem Fuling

Sinochem Oriental

Sinochem Zhisheng

Shandong Fertilizer

Yangmei Pingyuan

Sinochem Changshan

Sinochem Yantai

Nitrogen Fertilizer Company

Phosphate Fertilizer / Chemical Company

Potash Fertilizer Company

Compound Fertilizer Company

Areas Covered By Distribution Network

Sinochem Yunlong

FERTILIZERS

As the largest fertilizer provider and distributor, Sinofert operates in resources development, R&D, production, distribution, and agrochemical services with the corporate mission of becoming China’s most competitive modern agriculture service provider. Sinofert is an important force, driving the progress of fertilizer industry with an annual sales volume of 9.13 million tons, which further consolidates its position in the fertilizer industry.

Sinofert has the widest product portfolio in China. Its product line covers nitrogen, phosphate, potash, compound fertilizer, and other new types of fertilizer, including formulated fertilizer, microorganism fertilizer, controlled release fertilizer, bio-fertilizer, etc. Production capacity of enterprises that Sinofert holds controlling stakes and those Sinofert has shares amounts to 15 million tons, evenly distributed at reserves and consumption market. Sinofert is also one of the enterprises that owns the largest reserve of phosphorite resource, laying a solid foundation for connecting di� erent links along phosphate and phosphorite chemical industry.

Sinofert is a member of IFA, and also one of the 17 members of IPNI around the world. We have over 60 years of experience in developing fertilizer world trade and international trading network, as well as a staunch force in fertilizer import. In potash fertilizer import, we have established long-term strategic partnerships with major international potash suppliers, including Canpotex, APC, and BPC, safeguarding stable supply of potash fertilizer.

Sinofert has 18 branches, extending service to 26 agricultural provinces and over 95% of arable land in China. Sinofert has built a powerful sales network features the largest scale, the most extensive product items, and the strongest tech service capabilities, o� ering not only agro-inputs, but also di� erentiated service solutions.

Sinofert conducted in-depth cooperation with multiple government departments and agencies, such as Department of Plant Cultivation, Ministry of Agriculture, Service Center on Promotion of Agricultural Technologies, ful� lling its corporate social responsibilities by advancing fertilizer reduction programs and exploring scienti� c fertilization method. Visits to pilot � eld were arranged to promote the application of formulated fertilizer and explore new mechanisms in fostering cooperation between farmers and enterprises. Thus, leading role of the new economy could be played to demonstrate the effects of fertilizer reduction in increasing crop yield. Sinofert also

Annual sales volume Annual production capacity

9.13 million tons

15 million tons

partnered with local agricultural technology promotion center in promoting advanced fertilizing techniques and agricultural production method to facilitate the proliferation of new products and technologies among farmers.

Sinofert established two products and processing techniques R&D platform, namely the existing Chengdu Chemical Industry R&D Center and Linyi Agricultural R&D Center established in 2016. It also jointly established the fertilizer laboratory along with Shenyang Research Institute of Chemical Industry, and also conducts joint programs along with research institutes, such as Nanjing Agricultural University, Huazhong Agricultural University, and Qingdao Agricultural University, etc. Sales revenue of innovative products takes 18% of the total. Materialization of R&D fruits yielded 6 million worth of revenue. Chelate fertilizer upgrading reached international level.

GEOGRAPHICAL LAYOUT FOR OUR FERTILIZER PRODUCERS AND DISTRIBUTION NETWORK

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2016 ANNUAL REPORT

SEEDS

China National Seed Group Corporation (China Seed), Sinochem Group’s subsidiary, is the first seed company approved by the State Council after the founding of the People’s Republic of China. With over 40 years of development, China Seed has developed into a large seed group that runs R&D, production, processing, marketing, and tech service. Its business portfolio covers rice, wheat, corn, vegetable, oil-bearing crops, and other major crops. China Seed won the prize of “China Star Seed Enterprise in Credibility” for two times in 2013 and 2016 respectively.

In R&D, China Seed speed up selection and breeding of premium crop breeds that are high yielding, disease resistant, resources saving and environmental friendly via integrating advanced biotechnologies and conventional breeding technologies and establishing a market-oriented commercial breeding system. China Seed now owns two national R&D platforms, namely “National Key Enterprise Laboratory” and “National Certified Enterprise Technology Center”, where the former won the Prize of Excellence in the overall evaluation of genetic crop breeding laboratories for corn, rice, and other crops conducted by Ministry of Agriculture.

In production and processing, China seed has established nearly 650,000 Mu (43,333 hectares) of seed production bases (including companies that we have a controlling stake or hold shares) and 15 supporting modern seed processing, storage and transportation centers, constituting an overall layout plan that covers major crop growing regions in China, including Northeastern China,

Acreage of seedsproduction base

650 thousand Mus Provincial marketing

and sales agencies

23Northwestern China, Southwestern China, Yellow River and Huaihe River Region, and South China.In 2016, China Seed intensified its e� orts on breaking bottleneck technologies, including hybrid wheat, hybrid rice, and hybrid corn, so as to enhance its capability in seeds production and processing. At the same time, China Seed spares no e� orts in ensuring seeds safety for farmers via stringent quality control measures that runs through the whole production process.

In terms of marketing services, China Seed has established 23 provincial-level marketing service centers in China with our sales network covering all major crop growing regions. Based on its developed marketing network, China Seed is now providing integrated solutions encompassing seeds, fertilizer, and agrochemicals to farmers. In 2016, China Seed give full play to its strengths in crop breeds and promote di� erentiated marketing. Outstanding breeds “Dekalb 517” and “Dekalb 653” that are sown at Yellow River and Huaihe River Region realized the farmers’ longstanding dream of mechanized corn harvesting. “Yueyou 9113” and “Yueyou 9712” sown along the Huaihe River reaches realized the match between breeds and agricultural machinery. The model that integrates seed and grain for “Shengtaiyou 108” sown at Dongting Lake Region attracted orders from numerous rice processing enterprises, including COFCO.

In addition, we have fully utilized our strengths in hybrid wheat and hybrid rice R&D, firmly advancing our cooperation with countries along the “Belt and Road” with due focus on major food crops. We launched the building of our � rst overseas R&D center—Bangladesh R&D Center on Crop Adaptability.

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2016 ANNUAL REPORT

Annual AI production capacity

160 thousand tons

AGROCHEMICALS AGRICULTURE SERVICE

Our agrochemicals business covers the whole value chain, including R&D on both patent and generic products, AI (active ingredient) production, formulation processing and packaging, product registration and brand marketing domestically and internationally. We are the leading company in China for proprietary agrochemical products development, and the only Chinese company to operate high-end global brand agrochemicals. We are also the largest shareholder of Jiangsu Yangnong Chemical Group (abbrv, Yangnong Group) and Nantong Jiangshan Agrochemical & Chemicals Co., Ltd (abbrv, Jiangshan Group).  In 2015, we maintained a leading place in terms of agrochemical business size in China.

In terms of R&D, we own two national level pesticide R&D platforms, namely Shenyang Research Institute of Chemical Industry (Shenyang Institute) and Zhejiang Research Institute of Chemical Industry (Zhejiang Institute), and have 6 proprietary agrochemicals registered and sold in market. Shenyang Institute’s Safety Evaluation Center and Pesticide Testing Lab passed the GLP certification by the OECD member country Netherlands in 2012 and the reassessment in 2016 for the third time. Two FAO standards for proprietary agrochemicals, namely pyraoxystrobin AI and suspension formulation, were drafted by shenyang Research Institute of Chemical Industry. It is the first time that China drafts international standards for agrochemical products.

In terms of production, we have formed four major production bases in Shenyang, Nantong, Lianyungang and Yangzhou, with a total AI production capacity standing at 160,000 tons a year. Our product portfolio covers herbicide, fungicide, pesticide, and plant regulator, including over 40 active ingredients in total, among which production scale and techniques of glyphosate, synthetic pyrethroids series, dicamba, butachlor, acetochlor, pymetrozine, mesotrione meet internationally recognized standards. Jiangsu Yangnong Chemical Group has an annual glyphosate production capacity of 30,000 tons. Synthetic pyrethroids series, dicamba, and Imidacloprid produced by Yangnong Group maintains a leading position in domestic market in terms of product competitiveness while their production capacity ranks the second place in the world. Nantong Jiangshan has an annual total AI production capacity of 70,000 tons, the only domestic producer equipped with IDAN processing line and Glycine processing line at the same time for the production of glyphosate. It is also among the first group of four glyphosate and PMIDA producers that passed the inspection conducted by the Ministry of Environmental Protection. Quality Inspection Center a� liated to Yangnong Group received National Laboratory Certificate.

In terms of marketing and sales, we constantly strengthen our distribution channels at home and abroad. We now have a diversi� ed product portfolio and a number of advantageous brands with our independent registration capability constantly on the rise. We own a series of registered trademarks, including “Yangnong”, “Moju”, “Jiangshan”, “Shuang Gong”, “Honglingda”, “Aike” “Junsiqi”, and “9080” etc., and are entitled to the ownership of the trademarks of “Machete”, New “Machete”, “Harness”, “Alachlor” in China, and we are the sole distributor in China for “Roundup”, “OMEX”, “Latitude” and “Rocket” authorized by the suppliers. We enjoy the leading position in domestic high-end pesticide market. We also own a team of dedicated international agrochemical traders. Our business footprints covers major international agrochemical markets with the help of our subsidiaries in Thailand, India, Philippines, Australia, and Argentina.

Sinochem Agriculture Holdings (abbrv. Sinochem Agriculture) was established as a fully funded subsidiary of Sinochem Group and a uni� ed platform in providing agricultural service based on Sinochem Group’s advantage as the largest agriculture input enterprise in China.

Starting from “Agriculture Service” that could generate sustainable revenue for planters, Sinochem Agriculture is dedicated to become a leading modern agriculture comprehensive solution provider. During the process, “planting techniques” will take the lead while “agriculture financing” and “agriculture products sales” will be the two indispensable components, which will break the development bottleneck faced by modern agricultural operators with the help of our closed-circle system and model innovation.

Core businesses of Sinochem Agriculture are promotion of planting integration solutions, full range land trust, formula customization for agro inputs, agricultural mechanization support, full range technological follow-up, farm produce sales, contract farming, food bank, agricultural digitalization, agricultural credit and loans, agriculture financial leasing, agricultural insurance and investment, etc. Sinochem Agriculture is also engaged in the businesses of low to medium yield � eld upgrade, soil improvement, targeted agricultural demonstration, and resource utilization of agricultural waste.

Sinochem Agriculture now has business operations in Northeast China, Northwest China, and Southwest China, and also establishes branches in major granary provinces and counties. With household farms, specialized breeding farms, farmers’ cooperative society, and leading enterprises in agriculture industrialization as our major customers, Sinochem Agriculture engages in the building of large scale modern agriculture demonstration farm for conducting localized agricultural technology R&D, popularization, and comprehensive service, facilitating the realization of the sustainable development of modern agriculture in China.

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City Operations Retail OperationsProperty Development

Commercial Leasing

Hotel Operations

REAL ESTATE BUSINESSAs one of the central SOEs approved by the SASAC with property development and hotel operation as its major businesses, the origin of our real estate business dates back to the 1990s. We built the Jinmao Tower as its largest shareholder, a landmark building symbolizes the development of Pudong New Area and China’s Reform and Opening-up.

China Jinmao Holding Group (abbr. “China Jinmao”) is a flagship platform for real estate development under Sinochem Group. Its predecessor is Franshion Properties (China) Co., Ltd established in 2004 and listed in the Stock Exchange of Hong Kong in 2007.

We always pursue the development path of High-End and quality products, accelerate service and financial innovation, and commit ourselves to becoming a leading city operator in China. As a well-known trademark in China, the brand “Jinmao” represents refined lifestyle and healthy residency, which is well received by our customers and the society. The brand “Jinmao” has been included in the list of “The Most Valuable 500 brands in China” for 11 consecutive years.

In the future, bearing in mind the mission of “Unleashing Potential Vitality of the City”, we will go with the development path of urbanization in China and stick to our business model centering around city operation. We will accelerate the advancement of service and financial innovation based on our “Double-wings Driven” strategy centering on leading quality, for the realization of strategic upgrading from “Double-wheel Driven” to “Double-wheel and Double-wing” and high quality growth of our core business.

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GEOGRAPHICAL LAYOUT FOR OUR REAL ESTATE DEVELOPMENT PROJECTS AND HOTELS & RESORTS

CITY OPERATIONS

Giving full play to our advantages in land, residence and complex development, and in property operation and service, we participate in the management of cities, led by planning and based on capital. By upgrading city function and industry, we help government build new center and better release the vitality of the city in the future. So far, we have developed a dozen of city operation projects, establishing unique city operation model featuring comprehensive development of city core, new town development, distinctive town construction, etc. In 2016, we successfully held the first session of “China Qingdao: Jinmao Industry Development Summit”, exhibiting our image of city operator and our capability of industry introduction.

Beijing Tianjin

Qingdao

Nanjing

Zhengzhou

Suzhou

Hangzhou

Wuxi

Wuhan

Hefei

Shanghai

Ningbo

Changsha

ChongqingChengdu

LijiangGuangzhou

Foshan

Zhuhai

Sanya

Beijing Chemsunny World Trade Center

Sinochem Tower

Jinmao Beijing Renaissance Hotel

Westin Beijing, Chaoyang

Beijing Eastern Garden International Conference Center

Beijing Guangqu Jinmao Palace

Beijing Wangjing Jinmao Palace

Beijing Ya’ ao Jinmao Residence

Beijing E Town Jinmao Palace

Beijing E Town Jinmao Residence

Beijing E Town Nobel Manor

Beijing Jinmao Palace

Beijing Fengtai Jinmao Plaza

Beijing jinzhanxiang 604 plot

Qingdao China-Europe International City

Qingdao Shinan Jinmao Harbor

Tianjin Haihe Jinmao Palace

Suzhou Hushuguan Program

Suzhou Science City Program

Suzhou Gusu Jinmao Palace

Jinmao Tower

Grand Hyatt Shanghai

Hyatt Regency Chongming Shanghai

Shanghai International Shipping Service Center

Shanghai Harbor International Center

Shanghai Dongtan Jinmao Nobel Manor

Shanghai Daning Jinmao Palace

Shanghai Xijiao Jinmao Palace

Shanghai Hongkou Liangchengxincun 073-06 Plot

Shanghai Hongkou Tilanqiao HK322-01 Plot

Hangzhou Huanglong Jinmao Residence

Capital Hangzhou Jinmao Palace

Hangzhou Binjiang Jinmao Palace

Fuzhou Yijing Plot

JW Marriot, Shenzhen

Shenzhen Longhua Jinmao Palace

Ningbo Nantang Jinmao Palace

Ningbo Jiangdong Jinmao Palace

Ningbo Haishu Jinmao Residence

Ningbo Yaojiang New Area Plot 4

Changsha Meixi Lake International New City

Changsha Yuelu Jinmao Meixi Lake

Changsha Meixi Lake Jinmao Residence

Changsha Meixi Lake International R&D Center

Changsha Meixi Lake Jinmao Plaza

Changsha Meixi Lake Jinmao Harbor

Changsha Meixi Lake F13 Plot

Changsha Meixi Lake Jinmao Luxury Collection Hotel

Zhengzhou Beilonghu Jinmao Palace

Wuhan Donghu Jinmao Palace

Wuhan Yangsigang Program

Chengdu WuhouNew Town Program

Lijiang Snow Mountain Jinmao Nobel Manor

Lijiang Jinmao Whisper of Jade Dragon

Lijiang J.Life

Lijiang Grand Hyatt Hotel

Hilton Sanya Resort & Spa

The Rits-Carlton, Sanya

Guangzhou Nansha Jinmao Harbor

Guangzhou Zhuajiang Jinmao Palace

Guangzhou Tianhe Jinmao Plaza

Zhuhai De Insight

Foshan Jinmao Lvdaohu (Green Island Lake)

Urban and Property Development Business Leasing and Retail Property Hotel Operation

Chongqing Jinmao Residence

Chongqing Panlong Jinmao Residence

Chongqing Jinmao International Eco City

Hefei Lakefront Program

Hefei Beiyanhu Jinmao Harbor

Nanjing Qinglongshan International Eco City

Nanjing Dongcheng Jinmao Residence

Nanjing Xuanwu Lake Jinmao Plaz

Westin Nanjing

Nanjing Hexi Jinmao Palace

Nanjing Hexi Yuzui G97 Plot

Wuxi Capital Jinmao Lihu Jinmao Palace

Fuzhou

Shenzhen

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2016 ANNUAL REPORT

PROPERTY DEVELOPMENT

With the help of outstanding strategic guidance and premium products, our real estate development business witnesses rapid growth. The year 2016 witnessed a big breakthrough in sales with the contracted sales revenue amounting to 48.5 billion Yuan, up 6% YoY, ranking 24th in the industry. From 2010-2016, sales and profits compound growth takes a leading place among the real estate developers listed in Hong Kong.Jinmao now has business operation in 5 major areas, namely North China, East China, South China, Central China, and Southwest China. A high-end series of product line has gradually taken shape featuring Mansion, Happiness, Villa, etc. What’s worth mentioning is Jinmao Mansion, with its great emphasis on green and high-tech residence, has become a model in real estate market, perfecting our brand image as a high-end property developer. We acquired 3.71 million square meters of land in 2016. Thus, our total land reserve by the end of the year reaches 34.01 million square meters, laying a solid foundation for our development and expansion in the future.

2016 contracted sales

48.5 billion Yuan

Land reserve till the end of 2016

34.01 million square meters

HOTEL OPERATIONS

At present, we have a dozen of hotels in operation and under construction at prime locations of the first-tier cities and core scenic spots in popular tourist destinations, enabling us to take a leading place in comprehensive competitiveness ratings. In terms of business hotels, the Grand Hyatt Hotel, located in the Jinmao Tower, has maintained a competitive occupancy rate and average room fee among its rivals in the region with its landmark building advantage and high quality service. Beijing Jinmao Westin Hotel is the first choice for many foreign statesmen during their stay in Beijing. In terms of holiday resort, we own 2 high-end 5 star hotels, namely Ritz-Carlton Hotel and Hilton, enabling leading performance in the region.The Chongming Hyatt Regency Hotel, sitting at shanghai Chongming Island, is the � rst � ve-star hotel in the area, and also China’s first Hyatt Regency Resort Hotel in China. Meixi Lake Hotel, a luxury collection hotel by Jinmao, was completed in 2016. In the meantime, we have made a breakthrough to start hotel self-management, light asset output and management output. Thus, the popularity and reputation of Jinmao hotels have been on the rise with increasingly better market image.

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COMMERCIAL LEASING

We own several landmark o� ice buildings at the prime locations of core cities, including Beijing, Shanghai, and Nanjing, the quality and leasing rate of which take a leading place in the market. Chemsunny World Trade Center and Sinochem Building in Beijing stands at the premium location of the convergence point of Chang’an Avenue and Financial Street Business District. Shanghai Jinmao Tower is the first choice for home grown as well as foreign companies seeking business opportunities in Shanghai. First Phase of the o� ice building at Nanjing Xuanwu Lake Jinmao Plaza standing at the city center fully meets the 5A standard.

RETAIL OPERATIONS

In 2016, we launched a press conference to publicize “The Mall of Splendors”, and confirmed a strategic model for retail business, namely “attaching equal importance to both light and heavy assets, pursuing cooperation and innovation”. The first mall of splendors in Changsha has introduced anchor stores like Wal-Mart and CGV as well sub-anchor stores like H&M and MUJI. Shanghai J•LIFE has always maintained a high occupancy rate. Nanjing Jinmao Place has optimized the commercial tenants to meet the demand for upgraded experiential and entertaining consumption. In the meantime, we have given full play to various professional platforms under Jinmao brand, developing segments and community business. J•LIFE in Nansha, Guangzhou was opened in 2016. Overall renovation of community business of Chongqing Jinmao Longyue was completed, which e� ectively activated the stock and increase sales premium.

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Under the management of Finance Strategic Business Unit, our financial business spans over trust, leasing, securities investment funds and life insurance, forming a non-banking financial business framework with full qualifications. Besides, we have cultivated several competitive and in� uential brands including “FOTIC”, “Far East Horizon”, “Lion Fund” and “Manulife-Sinochem Life Insurance”, and have constantly strengthened our risk control and profitability.

In the future, we will speed up the consolidation of financial business, expand the business layout, propel product and service innovation, enhance risk control capability, promote our leading position in various areas, and build a financial service platform which leads industry in terms of the level of financial service and management as well as capital e� iciency.

Trust Life InsuranceFinancial Leasing Finance CompanySecurities Investment Fund

FINANCE BUSINESS

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FINANCIAL LEASING

Sinochem is the largest shareholder of the Hong Kong listed Far East Horizon Co., Ltd. (abbr. “Far East Horizon”). Following the business philosophy of “Finance plus Industry”, Far East Horizon constantly pursues innovation in products and services so as to provide our customers with tailored comprehensive industry operating service, contributing to the realization of the enterprise vision of “Pooling Global Resources, Supporting Industry Development in China”. It now has developed into a leading innovative � nancial service Agency in China.

Far East Horizon offers comprehensive industry operating services including financial service, industry investment, trade brokerage, management consulting in numerous sectors, including health care, construction, education, industry equipment, electronic information, public utilities, transportation, modern agriculture, chemicals, energy conservation and environmental protection. We have thus gained an operating advantage featuring coordinated development of financial resources organization and operation versus industry resources exploration and cultivation, as well as � nancial development versus industry development.

In 2016, Far East Horizon increased investment in relatively prudent sectors including health care, education, TV and radio broadcasting, PPP construction, etc. Besides, financial business was transformed and upgraded towards the operation of investment banks. In terms of industry operation, Far East Horizon gradually strengthens its comprehensive operating capability in health care, construction, education, etc. Up until the end of 2016, Far East Horizon has managed balance sheet asset and o� balance sheet asset totaling 200 billion Yuan, maintaining a leading position in the China’s financial leasing industry.

TRUST

China Foreign Economy and Trade Trust Co. Ltd (abbr. “FOTIC”), a subsidiary of Sinochem, was founded in 1987 and holds one of the vice president chairs in China Trustee Association. FOTIC’s business spans over 6 areas, including interbank financing, capital market, securities trust, mirco � nance, industry � nance and wealth management. FOTIC has obtained qualifications ranging from stock index futures, entrusted overseas � nancial management, SPV, equity investment business with inherent assets, private equity fund manager, etc. By professional operation and business innovation, FOTIC provides customers with quality and professional financial products and services. We are dedicated to become a financial company featuring leading position in core business subdivision, highly e� cient operation and management, and sustainable development.

Due to three decades of development, we have accumulated more than 400 client from � nancial institutions, over 100 industry clients and 7,000 high net-worth clients. Our micro finance, securities trust, family trust, overseas asset allocation and other business rank the forefront of the industry. We took the lead in launching our own brand “Five Elements Wealth Management”, helping clients manage their wealth through rich products and professional services.

As a result of its remarkable achievements in the � nancial market, we have won many awards in the industry in 2016, including “Golden Bull Trust Company to Provide Capital Market Service”, “Best Trust Organization”, “Jinzhen Award for Excellent Family Trust Company”, “2016 Excellent Brand Company of Real Estate Trust in China”, “Excellent Trust Scheme of Innovation”, etc.

Until the end of 2016, asset managed by FOTIC has amounted to 476 billion Yuan.

Balance sheet asset under our management

Trust assets

200 billion Yuan

476 billion Yuan

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2016 ANNUAL REPORT

LIFE INSURANCE

Manulife-Sinochem Life insurance Co., Ltd. (abbr. “Manulife-Sinochem”), was co-founded by Sinochem Group and the Canada-based Manulife Financial Corporation in November 1996. It was the � rst sino-foreign life insurance joint venture in China.

The company has a sta� of over 14,000, serving over 910,000 clients with professional insurance service in more than 50 cities in China. Manulife-Sinochem achieved an insurance income of 5.022 billion Yuan, a yearly increase of nearly 27%. Up until the end of 2016, total asset of the company amounted to 22.5 billion Yuan. In the future, Manulife-Sinochem will actively explore fund sales business while consolidating the current major business of life insurance, laying out comprehensive channel services in existing cities .

FINANCE COMPANY

Sinochem Finance Co., Ltd. (abbr. “Sinochem Finance”), a subsidiary of Sinochem Group, was founded in 2008. By upholding the purpose and principle of of “Relying on and serving Sinochem, Standard operation and innovation”, it actively enriches the profoundness of � nancial service via centering around Sinochem’s industry chain and value chain, actively acquiring operating licenses, and expanding business channels and improving its service quality. It is dedicated to laying out a coordinated development among its four core business, namely global funds pool, financing service, asset management and � nancial intermediary.

In 2016, Sinochem Finance acquired regulation rating on A with various major indicators among the forefront of the industry.

SECURITIES INVESTMENT FUND

Sinochem Group has invested in two fund management companies, namely Lion Fund and Baoying Fund. Lion Fund, of which we are the main initiator, managed 52 public funds with the total asset value reaching 95 billion Yuan, and 60 separately managed account wealth management product with the total assets value reaching 25.6 billion Yuan.

Baoying Fund managed 22 public funds with the total asset value reaching 44.8 billion Yuan, and 39 separately managed account wealth management product with the total asset value reaching 5.6 billion Yuan.

Total assetAssets underour management

22.5 billion Yuan

139.8 billion Yuan

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2016 ANNUAL REPORT

TENDERINGSinochem International Tendering Co., Ltd. (abbrev. “Sinochem Tendering”), a subsidiary of Sinochem Group, is one of the � rst specialized comprehensive bidding service providers in China with its business scope covering international and domestic bidding, import brokerage, centralized procurement, government procurement, PPP consulting, cost consulting, business consulting, logistics management, etc. It serves a wide array of sectors vital to national economic development including science and industry for national defense, rail transport, equipment manufacturing, petrochemicals, civil aviation, shipping transport, energy conservation, etc.

Sinochem Tendering has a wide array of Class-A qualifications issued by the Ministry of Commerce, Ministry of Housing and Urban-Rural Development, Ministry of Finance, National Development and Reform Commission, etc. It also obtain “ISO9001 Quality Management System Certificate”. Besides, it has a series of industry quali� cations including “Certificate of Adequate Security Conditions for Conducting Classified Military Consultancy Service”, “Advanced Certificated Enterprise by Beijing Customs”, etc.

Sinochem Tendering has been awarded “Top 10 Brand in Chinese Tendering Market” for 8 consecutive years, and has won “10 Most Competitive Tendering Agencies Award”, “China Sunshine Tendering Award”, “The Most Competitive Agency for Government Procurement Projects”, “The Most Preferred Brand for PPP Consulting”, etc. Sinochem Tendering was rated AAA at credit rating activities hosted by China Tendering and Bidding Association.

ENERGY CONSERVATION AND ENVIRONMENTAL PROTECTIONSinochem Energy Conservation and Environment Protection (Holdings) Beijing Co., Ltd. (abbrev. “Sinochem Energy Conservation and Environment Protection”) is our high-tech subsidiary specialized in energy conservation and environment protection services with great strength in o� ering comprehensive energy-saving services. The company is an energy conservation service company jointly approved by National Development and Reform Commission and the Ministry of Finance.

In the field of energy conservation, Sinochem Energy Conservation and Environment Protection focuses on providing customers with integrated energy saving solutions, of which business covers two markets in industrial energy conservation and architectural energy conservation. According to the characteristics of di� erent projects, various business development models can be adopted such as EPC, EMC and investment operation to meet the diversi� ed needs by providing customized services.

In terms of environmental protection, Sinochem Energy Conservation and Environment Protection gradually grew into a provider of integrated environmental protection services ranging from consulting, investment, designing, construction and operation with core competitiveness in advanced technologies. Taking comprehensive prevention and control of industrial pollution as the goal, the company acquired two patents in 2016, utilizing self-developed technologies to provide solutions to address industrial sewage of “high pollution, high consumption and high emission” for many enterprises in Shandong, Hubei, Hebei, etc. The company invested and operated garbage leachate treatment programs, which was incorporated into the PPP project pools by 37 provinces, municipalities and counties. Sinochem Energy Conservation and Environment Protection has had a competitive edge in urban waste treatment, comprehensive management of river basins and other environmental protection consulting areas.

Tendering Energy Conservation and EnvironmentalProtection

OTHER BUSINESSES

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2016 ANNUAL REPORT

As an enterprise that operates globally and a member of United Nations Global Compact, Sinochem has been dedicated to sustainable development of economy, society and environment. We consider corporate social responsibility as an integral part of corporate development and core competitiveness, applying sense of responsibility to daily business operation and management, striving to achieve development in an innovative, scientific and green manner, and bringing increasing bene� ts to stake-holders and the general public.

Pays o� shareholders, creates value and is trusted by the state

Serves its customers, cooperate with them and is relied by them

Attaches importance to health, safety, environmental protection and energy conservation, and is able to develop sustainably

Cares its sta� , grows together with them and is loved by them

Abides by law, creates bene� ts for the general public, and is respected by the society

WE STRIVE TO BE AN ENTERPRISE THAT

CORPORATE SOCIAL RESPONSIBILITY

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2016 ANNUAL REPORT

REINFORCING HSE FOUNDATION

We consider HSE as the cornerstone of corporate development, and integrate it into our development strategy. In 2016, we continued to take risk control as our major task, adhered to safe production, paid special attention to production frontier, focused on problem solving, reinforced our HSE foundation, and upgraded management. As a result, we have e� ectively prevented the occurrence of severe accidents and ensured a stable HSE situation.

In terms of safe production, we aim to build a “benchmark company”, by attaching importance to safety inspection at workshop and work group level, accountability system implementation, HSE capability build-up, hazards check and reduction, intrinsic safety and behavior-based safety improvement, etc. Thus, safety system was improved together with the addressing of key problems, leading to better management foundation.

With regard to environmental protection, we adhere to green development philosophy and publicize its significance. We upgraded technologies and innovate equipment, complied with “Ten Air Pollution Control Measures” and “Water Pollution Control Action Plan”, phased out coal-fired boilers under 10 tons, checked on main sources of pollution and total emission, examined clean production and evaluated energy and water conserving e� ects. In the end, we constantly making progress on environmental protection and energy conservation.

As for occupational health, based on what we have already achieved, we normalized the regular, daily and “unannounced” inspection on workplace hazards and occupational health examination for employees, controlled key occupational hazards, and obtained obvious progress.

To enhance emergency management ability, we equipped ourselves with emergency supplies and equipment, strengthened emergency monitoring, warning and control under natural disaster and extreme climate. We paid attention to full-time and part-time emergency team training, carried out emergency drills at regular intervals, and increased our emergency response ability. Besides, we also made breakthroughs in building national emergency base.

PROMOTING NATIONAL ECONOMIC DEVELOPMENT AND IMPROVING PEOPLE’S LIVELIHOOD

We integrate our corporate development within the bigger picture of national development strategy and the general public’ needs, focus on main businesses that are closely related to national economy and people’s livelihood, and increase service ability of whole industry chain. We strive to become stronger and better, safeguard national energy security and agriculture security, promote the progress of chemical industry, so as to improve people’s livelihood with our quality products and services.

We actively completed and managed the National Strategic Crude Oil Reserve Base, and advise on national oil reserves procurement, leasing, rotation and utilization. For years, we have ful� lled the tasks of fertilizer and seed storage, playing a signi� cant role in stabilizing prices and changing seasonal demands. We built a world-class commercial breeding platform, China Seed Science and Technology Center, the largest of its kind in China. We gave full play to our strength in agrochemicals, leveraging key national laboratories to improve the quality of environment-friendly agrochemicals. Implementing the “Belt and Road Initiative”, we actively explored overseas markets to enhance our main businesses, achieving development through win-win cooperation.

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2016 ANNUAL REPORT

PRACTICING INNOVATION IN EXTENDINGSERVICE TO OUR CUSTOMERS

ENHANCING THE VALUE OF EMPLOYEES

We value employees as the fundamental force that drives our growth. Keeping in mind the philosophy of “Human resources are Sinochem’s top priority, corporate value and staff’s value should be jointly enhanced”, we strive for building a corporate atmosphere that is fair, progressive, and harmonious by adopting market-oriented and innovative talents selection, hiring, and cultivation mechanisms. Lawful rights of our sta� are safeguarded, and their values are respected for joint growth. We employed 1113 college graduates at home and abroad in 2016.

We attach great importance to career development and growth of our staff. Such diversified career developed options as management, professional expertise, and production skills are o� ered suited to personal aspirations and preferences; multi-tiered sta� development system are established to facilitate the growth of our sta� ; bene� cial recreational activities are organized in an e� ort to extend care to our sta� and build an harmonious working environment.

We always follow a market-oriented pay & incentives policy and explores diversified incentive mechanisms so that the efforts made by our staff in creating value could be better protected. Honorary system building featuring “Model Employee”, “Outstanding Employee” , “Innovation Award”, “Growth Award”, “Performance Award”, are improved to encourage our sta� to pursue excellence. We practice the principle of democracy and equality to encourage participation in corporate management and the establishment of a labor relationship characterized by stability and harmony. Corporate a� airs were streamlined in a standardized and digitalized way in 2016. Major decisions and a� airs of public concern were made public in accordance with relevant rules and regulations.

As an enterprise than operates globally, we abide by international code of conducts and relevant laws and regulations. We treat our sta� equally in terms of recruitment, remuneration, and promotion regardless of their nationality, race, gender, religious affiliation, and cultural background. Thus we can pool global wisdom and facilitate our growth.

Number of college graduates recruited at home and abroad

1113 Bearing in mind the business philosophy of “Creating value for customers with value-added

service, Creating value for enterprises with customer satisfaction”, we are in constant pursuit of diversifying, enriching, and enhancing our services so as to grow with our customers.

We were actively engaged in oil trading channels expansion at home and abroad so as to deliver better service our customers at lower costs. While strengthening business credit management and perfecting metering equipment in storage and logistics to provide faithful and highly e� cient services, we also expanded service and distribution network to extend convenient value-added service and products to our customers. In line with modern agricultural development trend and giving full play to our role as an integrated agricultural inputs and modern agricultural service provider, we explored the building of an integrated agricultural service system, continued to o� er agricultural service themed “Sinochem’s Care for the Agricultural Dream”, in an e� ort to cultivating professional farmers for realizing zero pesticides and fertilizer growth, promoting farmers’ income growth, and also advancing healthy development of the rural area and agriculture. We boasted the largest and safest liquid chemicals and ISO tanks in China, enabling us to provide premium coastal and ocean liquid chemicals shipping service. Dedicated to the high-end marketing strategy, we provided comprehensive urban development and operation service in line with the business principle of “Green Technology, Jinmao Quality”. As a forerunner in launching our own brand, namely “Five Elements Wealth Management”, in the non-banking financial sector, we helped our clients manage wealth via resorting to diversi� ed products and professional service.

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2016 ANNUAL REPORT

BUILDING HARMONIOUS COMMUNITIES

While seeking growth for the company, we actively participate in the construction of local public utilities and promote common development with the local community.

We uphold the philosophy of "mutually benef icial win-win cooperation and common development" and have created a cooperative model featuring close integration and win-win development with the local community. Through cultural exchanges, staff localization, local procurement, sponsorship, and environmental protection, we are dedicated to local economic and social development in a variety of ways.

In Colombia, we actively sponsored local health care, education and infrastructure development; in Côte d'Ivoire, through the acquisition of ITCA, we’ve become a strategic partner with 500,000 local rubber growers; in Cameroon, we invested in schools, hospitals and other facilities to improve local education, medical and healthcare conditions.

DRIVING THE GROWTH OF PUBLIC WELFARE

We actively participates in cause of the public good, seeks new models in poverty relief, and contributes to social progress. Since 2002, we have been upholding the poverty relief doctrine of “Combining mindset transformation with in-kind donations, integrating intellectual investment with project investment”, and poverty relief e� orts are extended to 6 poverty-stricken counties and regions in Qinghai, Tibet, and Inner-Mongolia Autonomous Region. More than 20 cadres are dispatched to the above-mentioned regions in 5 groups with our total relief fund reaching 284 million RMB. Great e� orts are devoted to infrastructure development and vocational training to promote local production, healthcare, and education development.

We invested in the Gangba county ranching area healthcare management system in Tibet so as to improve locals’ livelihood. We also invested in Dachaidan Social Welfare Center, Adoption Center for the Disabled, Teaching Building for the Dachaidan Central School in Qinghai to facilitate local welfare and education progress. Two million RMB were earmarked for the establishment of “Emergency and Disaster Relief Fund” in Alukerqin to help impoverished families. We also actively responded to the call by the central government for precision and targeted poverty relief, earmarking 100 million RMB for participating in the establishment of “Centrally-governed SOEs Industrial Investment Fund for Poverty-stricken Areas”.

In the meantime, we established a donation platform named “Fulfilling Your Dream Initiative”. Pairs were matched between 512 sta� members 684 students from the poverty-stricken areas for continuous support and assistance since 2013.

Number of students from aid receiving areas

684

65 64

2016 ANNUAL REPORT

2016 KEY EVENTS

January 5

January 27-28

March 11

March 28

April 15

April 19

April 22

May 4

Senior managers’ meeting were convened at Sinochem Headquarters. Wang Jingqing, Vice Minister, Organization Department of the Central Committee of the CPC, attended the meeting and announced the decision made by the Central Committee of the CPC in Sinochem’s management team adjustment. Frank Ning assumed o� ce as Sinochem’s Chairman and Party Secretary Chief. Liu Deshu retired from the management team.

2016 Annual Meeting was held to wrap up achievements in 2015, analyze new trends during the course of reform. Theme of the year was proposed featuring “gain con� dence, rise to di� culties, improve e� iciency, practice upgrading, and achieve a good start during the Thirteenth 5-year Plan period.”

Meeting on the Establishment of a Standardized Corporate Board for Sinochem Group was convened by the SASAC. The � rst Board of Sinochem Group was o� cially established.

Agreement Signing Ceremony for the acquisition of SGX-listed Halcyon Agri Corporation Limited by Sinochem International was held in Shanghai. After the transaction was concluded, Sinochem international would be equipped with a processing capacity of 2 million tons of natural rubber and latex, the world’s leading natural rubber supply chain manager.

Sinochem Group, along with Sinochem’s Agricultural Strategic Business Unit, held on-site agricultural service activity named Sinochem’s Care for the Agricultural Dream and also the Experience Sharing Seminar on the cooperation between farmers and enterprises for the popularization of formula fertilizer and zero fertilizer growth by the Department of Plantation, Ministry of Agriculture in Mingguang, Anhui Province.

Zhang Dejiang, member of standing committee of Political Bureau of CPC Central Committee and Chairman of the standing committee of the National People’ s Congress, visited Life Science and Technology Center, China National Seed Group, noting the important role played by technologies in safeguarding food safety and the importance of source control for edible agricultural products.

Mobilizing and Implementing Meeting in Studies on the Theoretical and Practical Issues of Party Building was convened by Sinochem Group. In-depth party building studies were launched and carried out. Political moral qualities and fighting capabilities of members of management team who are also CPC members are greatly strengthened via building in thoughts, organization, work style, and discipline.

Experts under the Recruitment Programs of Global Experts from Zhejiang Research Institute of Chemical Industry has initially established the � rst batch of installations for GWP parameters research, the first of its kind in China, and also a milestone marking China is equipped with chemical compound atmosphere lifetime and GWP parameter testing capabilities. It will also contribute to reducing greenhouse gas emissions in China.

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2016 ANNUAL REPORT

May 20

May 23-25

June 2

June 10

June 30

July 11

July 20

August 8

September 11

Final competition for Sinochem’s Young Maker Contest themed Innovative Development and Young Entrepreneurs’ Undertaking was held in Beijing. Over 150 makers’ team from Sinochem headquarters and its affiliates formulated 164 innovative programs, covering business model innovation, technological and products innovation, institutional innovation, process innovation, and techniques innovation.

2016 Sinochem Strategy Symposium was convened. Action learning method was adopted in studying future strategic plans for Sinochem Group and its Strategic Business Units. Important consensus was reached, including limited diversity for Sinochem Group, professional development for business units, transforming Sinochem into a diversified investment and holding company and an innovative petrochemical and fine chemical enterprise that covers agriculture, real estate, finance, etc., and adopting a management model characterized by “Small Headquarters and Big business”.

China Jinmao acquired the Shangtang Program located at Longhua New Area, Shenzhen, completing its business arrangement in four major first-tier cities. China Jinmao further improved its business arrangements in major first and second tier cities. In addition to Shenzhen, China Jinmao also ventures into Tianjin, Wuhan, Zhengzhou, Wuxi, and Hefei, etc. with a newly-planned construction of 2.61 million square meters in 2016.

Two FAO standards for the newly developed pyraoxystrobin Active Ingredients and Suspension Formulation were drafted by Shenyang Research Institute of Chemical Industry, which were approved by the experts’ panel at the FAO/WHO/CIPAC Co-chair Meeting held in Tokyo, the first of its kind in China.

The Meeting Commemorating the 95-year Anniversary of the Founding of the CPC was convened in Beijing. CPC members of excellence, party a� airs workers of excellence, and party organizations of excellence were honored and relevant experiences were shared during the meeting.

Relocation Ceremony was held by Sinochem International, which was o� icially relocated to Sinochem International Plaza at the business city adjacent to the Expo Park in Shanghai.

Sinochem was included in the Fortune 500 list for 26 times, ranking 139th place with a sales revenue of 60,656 billion USD.

Board of Supervisors for major key state-owned enterprises was introduced to Sinochem Group. Under the leadership of Mr. Dong Shukui, Chairman of the Board of Supervisors, the Eighteenth O� ce under the SASAC, started ful� lling its supervisory duty that would last for three years.

2016 Sinochem Sports Meeting was held in Beijing. This is the � rst time that Sinochem holds sports meeting since it was last held in 2003. Themed “New dreams, New starting point, New journey”, the event attracted the participation of over 1000 sta� members.

September 26-27Sinochem Group organized the press briefing titled Into Sinochem—Quanzhou Tour, inviting over 20 reporters from mainstream media to Quanzhou Re� nery and Sinochem Oil Gas Stations for frontline reporting and interviews.

September 30

October 12

November 7

November 14-19

December 2

December 11

December 12

December 30

The � rst Jinmao Splendor Mall by China Jinmao opened in Changsha, along with the grand opening of Meixi Lake Luxury Collection Hotel. During the Jinmao Business Strategy Press Briefing, Frank Ning, Chairman of Sinochem Group, gave the newly completed mall its o� icial name.

FOTIC “Global Assets Allocation, Phase III” was established with the asset size reaching 282 million RMB.

Enlargement of Sinochem Group Senior Management Team was convened. Representatives from the Organization Department of the Central Committee of the CPC announced the decision made by Central Committee of the CPC and State Council in appointing Mr. Zhang Wei as President of Sinochem Group. At the same time, Party Committee of the SASAC under the State Council appointed Mr. Zhang Wei as Vice Party Chief and Director of the Board of Sinochem Group.

Frank Ning, Co-Chair of the Sustainable Development Working Group (SDWG), APEC Business Advisory Council (ABAC), attended the fourth ABAC meeting in Lima, Peru. During the ABAC and APEC Economic Leaders Dialogue Plenary Session, Chairman Frank Ning moderated face-to-face exchanges between nine ABAC representatives and � ve heads of state from the APEC economies, including Chinese President Xi Jinping. Co-Chair Ning also accompanied President Xi Jinping in participating in exchange activities between President Xi and ABAC representatives.

Frank Ning, Chairman of Sinochem Group, and also Chairman of Trade and Investment Taskforce, B20 (Business 20, an integral part of the G20 Hangzhou Summit) attended the G20 Summit held in Hangzhou, and other key international meetings, including G20 Trade Ministers’ Meeting. Chairman Frank Ning offered policy recommendations concerning global economic governance, such as free trade and trade facilitation, on behalf of the business community.

Sinochem Key Staff Members Meeting were convened in Beijing, kicking off Sinochem’s reform initiative. Operational departments of Sinochem Headquarters were streamlined from twenty to nine, and five strategic business units were established, namely Energy, Chemicals, Agriculture, Real estate, and Finance.

Sinochem Group Party Members’ team reviewed and approved Feasibility Studies on Quanzhou Petrochemical 1 million ton/year Ethylene Project and also Upgrading and Expansion Program for Quanzhou Re� nery.

Energy Strategic Business Unit convened Resolution Pledging Rally and also the Meeting commemorating the establishment of the Unit in Beijing; December 14, Meeting on the Establishment of Chemicals Strategic Business Unit was held in Beijing.

Sinochem Group launched Management Innovation Program with the purpose of building a 6S management system and a streamlined and highly-efficient headquarters, making strategic business units pillars in business strategy advancement and business operation expansion.

2016 KEY EVENTS2016 KEY EVENTS

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2016 ANNUAL REPORT

AUDITOR’S REPORT

Baker Tilly China [ 2017 ] No.10553-7

TO SINOCHEM GROUP: We have audited the accompanying financial statements of Sinochem Group (hereinafter referred to as “the Company”), which comprise the consolidated balance sheet as at 31 December 2016, and consolidated income statement and consolidated cash flow statement for the year then ended, and the notes to these financial statements.

1. THE MANAGEMENT’S RESPONSIBILITY FOR THE FINANCIAL STATEMENT Management of the Company is responsible for the preparation and fair presentation of these � nancial statements. This responsibility includes: (1) preparing the � nancial statements in accordance with Accounting Standards for Business Enterprises to achieve fair presentation of the financial statements; (2) designing, implementing and maintaining internal control which is necessary to enable that the financial statements are free from material misstatement, whether due to fraud or error.

2. AUDITOR’S RESPONSIBILITYOur responsibility is to express an audit opinion on the � nancial statements based on our audit. We conducted our audit in accordance with China Standards on Auditing. China Standards on Auditing require that we comply with the Code of Ethics for Chinese Certi� ed Public Accountants and plan and perform the audit to obtain reasonable assurance about whether the � nancial statements are free from material misstatements.

The audit involves performing audit procedures to obtain audit evidence about the amounts and disclosures in the � nancial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the � nancial statements, whether due to fraud or error. In making those risk assessments, the auditor considers the internal control relevant to the preparation and fair presentation of the � nancial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the e� ectiveness of the internal control. An audit also includes evaluating the appropriateness of accounting policies adopted and the reasonableness of the accounting estimates made by the management, as well as evaluating the overall presentation of the � nancial statement.

We believe that the audit evidence we have obtained is su� cient and appropriate to provide a basis for our audit opinion.

3. OPINIONIn our opinion, the financial statements of the Company present fairly, in all material respects, the Company’s consolidated � nancial position as at 31 December 2016, as well as the consolidated results of operations and cash � ows for the year then ended in accordance with the Accounting Standards for Business Enterprises.

69

FINANCIAL STATEMENTS

Chinese Certified PublicAccountant:

Chinese Certified PublicAccountant:

Baker Tilly China

Beijing, China

April 7, 2017

71 70

2016 ANNUAL REPORT

2,263,268.16

874.57

23,289.93

8,099.35

287,578.62

3,469,521.70

422,171.02

45,957.85

550.88

1,288,787.29

8,176,464.28

4,091.16

411,828.78

16,402,483.59

6,612.26

1,160,679.63

-

21,356.16

2,765,959.10

540,016.55

7,606,432.43

1,730,104.89

5,876,327.54

29,031.43

5,847,296.11

1,171,450.25

100,977.79

4.27

80,418.07

4,943,629.04

1,279,654.71

1,427.09

432,370.89

112,665.75

182,938.90

414,210.45

19,061,667.02

35,464,150.61

3,485,382.78

1,346.82

35,865.98

12,472.82

442,864.70

5,342,986.48

650,134.01

70,774.07

848.34

1,984,703.85

12,591,573.67

6,300.30

634,207.21

25,259,461.01

10,182.73

1,787,420.89

-

32,888.01

4,259,515.68

831,613.51

11,713,737.26

2,664,323.16

9,049,414.10

44,707.76

9,004,706.34

1,804,007.41

155,503.56

6.58

123,842.04

7,613,079.09

1,970,639.88

2,197.69

665,841.58

173,502.76

281,721.85

637,874.91

29,354,544.51

54,614,005.52

1,919,482.29

107,832.93

195.93

75,946.63

1,049,005.66

7,132,785.87

3,018,994.98

-

174,523.97

42,246.66

1,607,699.52

1,840,944.37

1,849,605.47

18,819,264.28

7,923,221.26

8,208,448.28

5,080.80

20,873.95

405,144.68

40,976.13

727,432.53

9,666.85

17,340,844.48

36,160,108.76

7,099,683.03

234,263.93

-1,041,863.87

14,798.60

269,083.38

2,568,267.00

9,144,232.07

9,309,664.69

18,453,896.76

54,614,005.52

1,246,435.02

70,022.39

127.23

49,316.70

681,182.32

4,631,745.83

1,960,414.58

-

113,328.88

27,433.29

1,043,975.76

1,195,435.64

1,201,059.83

12,220,477.47

5,145,022.95

5,330,237.98

3,299.27

13,554.71

263,084.75

26,608.26

472,365.59

6,277.26

11,260,450.77

23,480,928.24

4,360,421.00

167,178.78

-55,448.64

9,151.64

166,561.07

1,573,760.52

6,221,624.36

5,761,598.01

11,983,222.37

35,464,150.61

Current lialilites

Short-term borrowings

Deposits and placements from other financial institutions

Financial liabilities at fair value through profit and loss

Derivative liabities

Notes payable

Accounts payable

Advances from customers

Securities sold under agreement to repurchase

Interest payable

Dividends payable

Other payables

Current portion of non-current liabilities

Other current liabilities

Total current liabilities

Non-current liabilities

Long-term borrowings

Bonds payable

Long-term payable

Grants payable

Provisions

Deferred income

Deferred tax liabilities

Other non-current liabilities

Total non-current liabilities

Total liabilities

Equity

Paid-in capital

Capital reserve

Other comprehensive income

Specialized reserve

Surplus reserve

Retained earnings

Equity attributable to parent company

Minority interests

Total owner's equity

Total liabilities and owner's equity

CONSOLIDATED BALANCE SHEET CONSOLIDATED BALANCE SHEET (CONTINUED)

ITEMS

Current assets

Cash and bank

Settlement reserve

Financial assets at fair value through pro� t and loss

Derivative assets

Notes receivable

Accounts receivable

Advances to suppliers

Interest receivable

Dividends receivable

Other receivables

Inventories

Current portion of non - current assets

Other current assets

Total current assets

Non-current assets 

Loans and advances

Available-for-sale � nancial assets

Held-to-maturity investments

Long-term receivables

Long-term equity investments

Investment property

Fixed asset-original cost

Less: accumulated depreciation

Fixed assets-original cost net of depreciation

Less: provision for impairment of � xed assets

Fixed asset-net value

Construction in progress

Construction materials

Fixed assets pending for disposal

Prouductive biological assets

Oil and gas assets

Intangible assets

Development disbursements

Goodwill

Long-term deferred expenses

Deferred tax assets

Other non-current assets

Total non-current assets

Total assets

3,417,551.25

5,864.15

10,212.80

8,726.70

266,557.42

4,167,913.17

772,273.87

63,705.79

259.00

1,843,505.45

9,192,785.73

4,536.24

771,809.72

20,525,701.29

11,097.03

1,455,415.80

-

23,113.46

3,093,098.06

583,372.82

7,999,941.50

2,147,307.64

5,852,633.86

69,113.58

5,783,520.28

932,801.07

72,199.27

6.78

103,923.73

5,017,769.35

1,272,716.24

1,591.31

618,331.34

126,030.92

242,382.17

85,369.77

19,422,739.40

39,948,440.69

4,926,555.07

8,453.44

14,722.21

12,579.93

384,254.61

6,008,235.79

1,113,267.80

91,834.78

373.36

2,657,496.68

13,251,817.40

6,539.20

1,112,598.71

29,588,728.98

15,996.87

2,098,047.86

-

33,319.10

4,458,841.08

840,958.37

11,532,278.36

3,095,441.31

8,436,837.05

99,630.36

8,337,206.69

1,344,675.03

104,078.52

9.77

149,810.77

7,233,342.01

1,834,678.16

2,293.95

891,352.66

181,679.28

349,404.89

123,064.41

27,998,759.42

57,587,488.40

2016.12.31 2015.12.31

RMB'0000 RMB'0000 USD'000 USD'000

2015.12.31

RMB'0000 USD'000

2016.12.31

RMB'0000 USD'000

1,752,466.41

80,323.76

721.15

73,092.98

845,386.89

4,759,618.39

3,452,433.03

988.88

131,137.71

15,694.88

1,579,285.88

2,189,466.75

1,053,068.68

15,933,685.39

5,566,641.96

5,154,730.74

3,488.83

35,092.41

257,303.64

28,208.61

400,701.66

14,178.24

11,460,346.09

27,394,031.48

4,340,421.00

123,987.05

-117,465.69

9,234.75

168,454.92

1,865,528.97

6,390,161.00

6,164,248.21

12,554,409.21

39,948,440.69

2,526,259.78

115,790.34

1,039.57

105,366.84

1,218,663.53

6,861,205.69

4,976,838.73

1,425.52

189,040.95

22,624.88

2,276,612.20

3,156,215.58

1,518,046.26

22,969,129.87

8,024,566.76

7,430,778.06

5,029.31

50,587.30

370,914.86

40,663.99

577,629.61

20,438.58

16,520,608.47

39,489,738.34

7,069,900.30

169,945.54

-2,340,937.75

14,922.37

271,903.58

3,002,750.13

8,188,484.17

9,909,265.89

18,097,750.06

57,587,488.40

ITEMS

73 72

2016 ANNUAL REPORT

1.Cash � ows from operating activities 

Cash received from sales and services

Net increase in deposits and placements from financial institutions

Net increase in due to central banks

Net increase in placement from � nancial institutions

Cash received from interests, fees and commissions

Taxes and surcharges refunds

Other cash receipts related to operating activities

Total cash inflows from operating activities

Cash paid for goods and services

Net increase in loans and advances

Net increase in deposits with central banks and other � nancial institutions

Cash paid for inrerest, fees and commissions

Taxes and surcharges cash payments

Other cash payments related to operating activities

Total cash out� ows from operating activities

Net cash flows from operating activities

2.Cash flows from investing activities

Cash received from withdraw of investments

Cash received from investment income

Net cash received from disposal of fixed assets,intangible assets and other long-term assets

Net cash received from disposal of subsidiaries and other business units

Other cash receipts related to investing activities

Total cash inflows from investing activities

Cash paid for � xed assets, intangible assets and other long-term assets

Cash payments for investments

Net cash paid for acquiring subsidiaries and other business units

Other cash payments related to investing activities

Total cash outflows from investing activities

Net cash flows from investing activities

3.Cash flows from � nancing activities

Cash received from investments by others

Including: cash received by subsidiaries from minority shareholders' investments

Cash received from borrowings

Other cash receipts related to other � nancing activities

Total cash inflows from � nancing activities

Cash repayments of debts

Cash payments for distribution of dividends or pro� ts,pro� t and interest expenses

Including: dividends or pro� t paid by subsidiaries to minority shareholders

Other cash payments related to � nancing activities

Total cash outflows from � nancing activities

Net cash � ows from � nancing activities

4.E� ect of foreign exchange rate changes on cash and cash equivalents

5.Net increase in cash and cash equivalents

Add: beginning balance of cash and cash equivalents

6.Ending balance of cash and cash equivalents

1. Revenue

Including: operating income

Interest income

Fees and commissions income

2. Total cost

Including: Operating cost

Interest expenses

Fees and commissions income

Business taxes and surcharges

Selling expenses

Administrative expenses

Including: research and development expenses

Finance expenses

Including: Interest expenses

Interest income

Net loss on foreign exchange("-" for net gain)

Impairment on assets

Other costs and expenses

Add: Gains from fair-value changes("-" for loss)

Investment income("-" for loss)

Including:Investment income from associates and joint ventures

Gain on foreign exchange("-" for loss)

3. Operating profit

Add: non-operating income

Including:Gain from disposal of non-current assets

Gain from debt restructuring

Less: non-operating expenses

Including: Loss on disposal of non-current assets

Loss on debt restructuring

4. Profit before tax

Less: income tax

5. Net profit

Net profit attributable to parent company

Profit/ loss attributable to minority share-holders

6. Other comprehensive income after tax

7. Total comprehensive income

Total comprehensive income attributable to parent company

Total comprehensive income attributable to minority share-holders

CONSOLIDATED INCOME STATEMENT CONSOLIDATED CASH FLOW STATEMENT

38,065,420.27

37,895,869.96

12,015.75

157,534.56

38,254,912.13

35,032,382.37

2,834.61

993.95

1,199,472.19

530,217.04

673,557.89

93,475.38

456,896.35

460,463.55

59,790.45

34,152.63

185,985.53

172,572.20

-124,989.60

837,792.62

131,784.11

6,985.01

530,296.17

105,080.74

11,325.22

504.41

34,483.38

4,215.28

689.55

600,893.53

295,899.15

304,994.38

-34,637.05

339,631.43

-43,465.16

261,529.22

-48,782.92

310,312.14

60,360,941.07

60,092,082.45

19,053.56

249,805.06

60,661,421.33

55,551,404.73

4,494.88

1,576.13

1,902,022.09

840,773.57

1,068,071.44

148,225.40

724,507.79

730,164.36

94,810.67

54,156.36

294,920.21

273,650.48

-198,197.99

1,328,501.06

208,972.16

11,076.24

840,899.05

166,628.21

17,958.58

799.85

54,680.85

6,684.24

1,093.43

952,846.41

469,211.98

483,634.43

-54,924.52

538,558.95

-68,923.39

414,711.04

-77,355.85

492,066.89

20152015 20162016

41,424,055.53

10,301.37

988.88

-300,000.00

156,415.32

48,693.94

716,555.40

42,057,010.44 37,099,540.92

4,325.63

45,653.25

9,391.74

1,574,207.87

1,757,830.64

40,490,950.05

1,566,060.39

3,899,141.99

174,785.27

52,934.00

681.59

64,639.87

4,192,182.72 804,183.15

4,325,927.86

216,001.10

47,396.68

5,393,508.79

-1,201,326.07

912,095.50

912,095.50

30,151,377.92

2,168.51

31,065,641.93 28,988,048.74

844,991.07

186,684.65

461,374.70

30,294,414.51

771,227.42

15,019.75

1,150,981.49 1,889,603.92

3,040,585.41

61,686,083.32

15,340.15

1,472.58

-446,741.02

232,923.80

72,511.94

1,067,048.98

62,628,639.75 55,246,289.70

6,441.45

67,983.93

13,985.59

2,344,210.79

2,617,650.20

60,296,561.66

2,332,078.09

5,806,355.62

260,279.17

78,825.96

1,014.98

96,257.61

6,242,733.34 1,197,538.68

6,441,898.14

321,655.18

70,580.14

8,031,672.14

-1,788,938.80

1,358,234.93

1,358,234.93

44,899,524.85

3,229.21

46,260,988.99 43,167,168.61

1,258,307.25

277,998.97

687,050.02

45,112,525.88

1,148,463.11

-218,408.82

1,473,193.58 2,909,948.14

4,383,141.72

39,630,366.40

-1,350.26

-

50,000.00

186,162.80

62,231.08

723,598.87

40,651,008.89 35,882,316.51

-11,338.64

-38,894.96

9,463.63

2,030,118.45

1,397,319.86

39,268,984.85

1,382,024.04

2,970,629.11

187,624.44

47,704.21

15,121.79

6,351.87

3,227,431.42 1,146,748.44

2,754,254.66

-

898,886.86

4,799,889.96

-1,572,458.54

662,860.34

513,619.42

27,958,160.08

10,091.49

28,631,111.91 27,075,586.18

820,321.41

168,371.01

902,120.80

28,798,028.39

-166,916.48

33,243.71

-324,107.27 2,213,711.19

1,889,603.92

62,842,500.99

-2,141.14

-

79,285.79

295,201.30

98,680.80

1,147,422.24

64,460,949.98 56,899,158.80

-17,979.85

-61,676.36

15,006.63

3,219,191.05

2,215,752.27

62,269,452.54

2,191,497.44

4,710,573.72

297,519.06

75,645.32

23,978.87

10,072.26

5,117,789.23 1,818,417.21

4,367,465.33

-

1,425,379.16

7,611,261.70

-2,493,472.47

1,051,108.17

814,454.47

44,333,698.18

16,002.24

45,400,808.59 42,934,186.73

1,300,796.68

266,988.58

1,430,507.27

45,665,490.68

-264,682.09

-147,676.32

-714,333.44 3,624,281.58

2,909,948.14

39,549,503.88

39,406,010.16

9,773.62

133,720.10

38,839,861.76

36,406,931.01

1,655.53

903.35

555,021.49

551,135.49

722,014.53

92,755.42

420,175.67

491,886.79

57,819.47

-40,843.62

172,641.41

9,383.28

-24,341.87

79,819.82

107,379.16

1,091.61

766,211.68

88,468.16

4,633.42

95.56

47,832.16

6,087.28

-

806,847.68

329,079.81

477,767.87

310,930.94

166,836.93

-124,115.51

353,652.36

248,913.89

104,738.47

58,894,619.57

58,680,937.80

14,554.26

199,127.51

57,837,865.42

54,214,898.83

2,465.31

1,345.21

826,502.90

820,716.11

1,075,178.37

138,125.50

625,699.03

732,486.69

86,101.10

-60,821.74

257,086.67

13,972.99

-36,248.37

118,862.63

159,902.25

1,625.56

1,140,993.97

131,741.19

6,899.80

142.30

71,228.63

9,064.79

-

1,201,506.53

490,044.84

711,461.69

463,018.69

248,443.00

-184,824.97

526,636.72

370,666.82

155,969.90

ITEMS ITEMS RMB'0000 RMB'0000 USD'000 USD'000 RMB'0000 RMB'0000 USD'000 USD'000

75 74

2016 ANNUAL REPORT

7. ACCOUNTS RECEIVABLE

Provisions were made to accounts of the Company and its subsidiaries for losses on bad and doubtful debts. Accounts receivable are stated at value net of provisions for bad and doubtful debts.

8. INVENTORIES

Inventories, which mainly comprise of raw materials, work-in-progress and � nished goods, are stated at cost when purchased, and valued at the lower of cost and net realizable value at the balance sheet date.

9. FIXED ASSETS AND DEPRECIATION

Fixed assets are recorded at historical cost when acquired. Depreciation is calculated using the straight-line method over the respective estimated useful lives and estimated residual values of � xed assets.

10. LONG-TERM INVESTMENTS

The equity method is applied for long-term equity investments when an investor can control, jointly control or has signi� cant in� uence over the invested enterprise. Otherwise, the investments are stated at cost.

11. REVENUE RECOGNITION

Revenue from the sale of goods is recognized when:(1) the signi� cant risks and rewards in relation to ownership of the goods have been transferred to the buyer;(2) the Company retains neither continuing management nor e� ective control over the goods sold;(3) it is probable that the economic bene� ts associated with the transaction will � ow to the Company; and(4) the relevant amounts of revenue and costs can be measured reliably.

IV. NOTES TO MATERIAL ITEMS

1. TAXES

Taxes were calculated at the rates applicable under the respective jurisdictions.

2. RELATED PARTY TRANSACTIONS

Related party transactions were carried out on terms approximating normal market conditions.

I. BASIS OF PREPARATION

The consolidated financial statements of Sinochem Group (the “Company”) include the � nancial statements of the Company and its subsidiaries which comprise 11 wholly-owned and 2 non-wholly owned subsidiary companies. All signi� cant inter-company transactions and balances have been eliminated on consolidation.

II. STATEMENT OF COMPLIANCE WITH THE ACCOUNTING STANDARDS FOR BUSINESS ENTERPRISES

The Company’s consolidated financial statements for the year ended December 31, 2016 truly and completely present the consolidated � nancial position as of December 31, 2016 and the consolidated � nancial performance and consolidated cash � ows for the year then ended in compliance with the Accounting Standards for Business Enterprises.

III. SIGNIFICANT ACCOUNTING POLICIES

1. ACCOUNTING SYSTEM

The Company adopts the Accounting Standards for Business Enterprises and other relevant regulations issued by the Ministry of Finance of the People’s Republic of China (“PRC”). Financial statements of overseas subsidiaries prepared on basis of the relevant local accounting standards have been adjusted accordingly.

2. ACCOUNTING YEAR

The accounting year of the Company is from 1 January to 31 December of each calendar year.

3. REPORTING CURRENCY

The reporting currency of domestic companies is the Renminbi (“Rmb”), and that of overseas companies is their foreign currency.

4. BASIS OF ACCOUNTING

Accounts have been prepared on an accrual basis. Assets are recorded at historical cost.

5. CURRENCY TRANSLATION

Foreign currency (currency other than the reporting currency) transactions are translated into the reporting currency at the exchange rates prevailing on the transaction date. Monetary assets and liabilities and accounts of overseas subsidiaries denominated in foreign currencies at the balance sheet date are translated into the reporting currency using the exchange rates at that date.

6. CASH EQUIVALENTS

Cash equivalents represent short-term, highly liquid investments which are readily convertible into known amounts of cash, and which are subject to an insignificant risk of changes in value.

NOTES TO THE FINANCIAL STATEMENTS

77 76

2016 ANNUAL REPORT

DIRECTORY OF DOMESTIC INSTITUTIONS DIRECTORY OF DOMESTIC INSTITUTIONS

SINOCHEM ZHOUSHAN HAZARDOUS CHEMICALS EMERGENCY

RESCUE BASE CO., LTD.

ADD: NO.1 XINGZHONG ROAD, ZHOUSHAN 316000, ZHEJIANG, CHINA

TEL: 0086-580-2061899

FAX: 0086-580-2027654

SINOCHEM PETROLEUM FUJIAN CO. LTD.

ADD: 26TH FLOOR, CONSTRUCTION BANK BUILDING,

NO.98 LUJIANG ROAD, XIAMEN 361001, FUJIAN, CHINA

TEL: 0086-592-8129158

FAX: 0086-592-8129199

SINOCHEM OIL GUANGDONG CO., LTD.

ADD: 30TH FLOOR, NO.15 ZHUJIANG WEST ROAD, TIANHE DISTRICT,

GUANGZHOU 510623, GUANGDONG, CHINA

TEL: 0086-20-85601000

FAX: 0086-20-85608600

SINOCHEM OIL SHANGHAI CO., LTD.

ADD: ROOM 652, 6TH FLOOR, TOWER C, NO.3, LANE 2889, JINKE ROAD,

CHINA (SHANGHAI) PILOT FREE TRADE ZONE, SHANGHAI 201203, CHINA

TEL: 0086-21-31769299

FAX: 0086-21-31769199-Ext

SINOCHEM OIL JIANGSU CO., LTD.

ADD: 12TH FLOOR, XUKUANG BUSINESS CENTER, NO.66 HEXI STREET,

JIANYE DISTRICT, NANJING 210019, JIANGSU, CHINA

TEL: 0086-25-84237908

FAX: 0086-25-83204797

SINOCHEM OIL ZHEJIANG CO., LTD.

ADD: 39TH FLOOR, WINNING TOWER, NO.100 MINXIN ROAD, QIANJIANG

CBD, JIANGGAN DISTRICT, HANGZHOU 310016, ZHEJIANG, CHINA

TEL: 0086-571-28161757

FAX: 0086-571-28110080

SINOCHEM OIL ANHUI CO., LTD.

ADD: ROOM 1412-1421, TOWER A, BLUE BUSINESS PORT, NO.188 SOUTH

QIANSHAN ROAD, HEFEI 230031,

ANHUI, CHINA

TEL: 0086-551-63712555

FAX: 0086-551-63712558

SINOCHEM OIL JIANGXI CO., LTD.

ADD: 26TH FLOOR, TOWER C, DINGFENG BUSINESS CENTER,

NO.1368 HONGGUZHONG ROAD, NANCHANG 330038, JIANGXI, CHINA

TEL: 0086-791-86719500

FAX: 0086-791-86669992

SINOCHEM OIL HUNAN CO., LTD.

ADD: 1-2ND FLOOR, TIANXIN VENTURE BUILDING, NO.318 XINSHAO

EAST ROAD, TIANXIN DISTRICT, CHANGSHA 410004, HUNAN, CHINA

TEL: 0086-731-88738117

FAX: 0086-731-88735888

SINOCHEM OIL HUBEI CO., LTD.

ADD: 3RD FLOOR, BUILDING 2, HANKOU INNOVATION CENTER,

JIANGHAN ECONOMIC DEVELOPMENT ZONE,

JIANGHAN DISTRICT, WUHAN 430000, HUBEI, CHINA

TEL: 0086-27-85839617

SINOCHEM INTERNATIONAL OIL (TIANJIN) CO., LTD.

ADD: NO.7 LOGISTICS PARK ROAD, TANGGUANTUN, JINGHAI DISTRICT,

TIANJIN 301608, CHINA

TEL: 0086-22-23199346

FAX: 0086-22-23199393

SINOCHEM OIL SHANDONG CO., LTD.

ADD: 18TH FLOOR, ZHONGYEDONGFANG BUILDING, NO.11 ALISHAN

ROAD, QINGDAO E&T DEVELOPMENT ZONE, QINGDAO 266555,

SHANDONG, CHINA

TEL: 0086-532-68056530

FAX: 0086-532-68056519

SINOCHEM OIL SHANXI CO., LTD.

ADD: 33TH FLOOR, INTERNATIONAL ENERGY CENTER,

NO.100 YINGZE WEST STREET, TAIYUAN 030024, SHANXI, CHINA

TEL: 0086-351-6198506

FAX: 0086-351-6198975

SINOCHEM OIL LIAONING CO., LTD.

ADD: 4TH FLOOR, HUABANGSHANGDU BLOCK, NO.478 ZHONGSHAN

ROAD, SHAHEKOU DISTRICT, DALIAN 116021, LIAONING, CHINA

TEL: 0086-411-84990705

FAX: 0086-411-84990466

SINOCHEM OIL JILIN CO., LTD.

ADD: 5TH FLOOR, NO.6451 ZIYOU ROAD, ERDAO DISTRICT,

CHANGCHUN 130033, JILIN, CHINA

TEL: 0086-431-81929100

FAX: 0086-431-81929122

SINOCHEM OIL HEILONGJIANG CO., LTD.

ADD: 10TH FLOOR, EAST BUILDING, HUIZHI PLAZA, NO.399 QUNLI 4TH

AVENUE, DAOLI DISTRICT, HARBIN 150070, HEILONGJIANG, CHINA

TEL: 0086-451-51901909

FAX: 0086-451-51901988

SINOCHEM CORPORATION

ADD: 11TH FLOOR, CENTRAL TOWER, CHEMSUNNY WORLD

TRADECENTER, 28 FUXINGMENNEI STREET, BEIJING 100031, CHINA

TEL: 0086-10-59568888

FAX: 0086-10-59568890

HTTP: // www.sinochem.com

SINOCHEM PETRO LEUM EXPLORATION AND PRODU CTION CO., LTD.

ADD: 8TH FLOOR, CENTRAL TOWER, CHEMSUNNY WORLD TRADE

CENTER, 28 FUXINGMENNEI STREET, BEIJING 100031, CHINA

TEL: 0086-10-59568800

FAX: 0086-10-59569564

SINOCHEM QUAN ZHOU PETRO CHEMICAL CO., LTD.

ADD: QUANHUI PETROCHEMICAL DISTRICT, QUANZHOU 362103,

FUJIAN, CHINA

TEL: 0086-595-27570009

FAX: 0086-595-27570567

SINOCHEM OIL CO., LTD.

ADD: 9TH FLOOR, CENTRAL TOWER, CHEMSUNNY WORLD TRADE

CENTER, 28 FUXINGMENNEI STREET, BEIJING 100031, CHINA

TEL: 0086-10-59569575, 59569585

FAX: 0086-10-59568180

HTTP: // www.sinochemoil.com

SINOCHEM INDUSTRIES CO., LTD.

ADD: 9TH FLOOR, CENTRAL TOWER, CHEMSUNNY WORLD TRADE

CENTER, 28 FUXINGMENNEI STREET, BEIJING 100031, CHINA

TEL: 0086-10-59569575, 59569585

FAX: 0086-10-59568180

HTTP: // www.sinochemoil.com

SINOCHEM OIL MARKETING CO.,LTD.

ADD: 4TH FLOOR, CENTRAL TOWER, CHEMSUNNY WORLD TRADE

CENTER, 28 FUXINGMENNEI STREET, BEIJING 100031, CHINA

TEL: 0086-10-59569338

FAX: 0086-10-59569334

WEST PACIFIC PETRO CHEMICAL COMPANY LTD. DA LIAN

ADD: HAIQING ISLAND E& T DEVELOPMENT ZONE, DALIAN 116600,

LIAONING, CHINA

TEL: 0086-411-87506666

FAX: 0086-411-87510033

HTTP: // www.wepec.com

SINOCHEM REPRESENTATIVE OFFICE IN DA LIAN WEST PACIFIC

PETRO CHEMICAL CO., LTD.

ADD: BUILDING 1, WEPEC, HAIQING ISLAND, E&T DEVELOPMENT ZONE,

DALIAN 116600, LIAONING, CHINA

TEL: 0086-411-87514200

FAX: 0086-411-87514197

SINOCHEM-XINGZHONG OIL STAGING (ZHOUSHAN) CO., LTD.

ADD: NO.1 XINGZHONG ROAD, ZHOUSHAN 316000, ZHEJIANG, CHINA

TEL: 0086-580-2061899

FAX: 0086-580-2027654

ZHOUSHAN ZHONGWEI OILSTORE CO., LTD.

ADD: NO.1 XINGZHONG ROAD, ZHOUSHAN 316000, ZHEJIANG, CHINA

TEL: 0086-580-2061899

FAX: 0086-580-2027654

SINOCHEM SINOPEC SHANGHAI ORIENT PETRO CHEMICAL TERMINAL CO., LTD.

ADD: NO.918 LINGHAI ROAD, WAIGAO BRIDGE, PUDONG NEW AREA,

SHANGHAI 200137, CHINA

TEL: 0086-21-58646702

FAX: 0086-21-58644051

SINOCHEM NANTONG TERMINAL CO., LTD.

ADD: NO.1 TONGSHENG SOUTH ROAD, NANTONG E&T DEVELOPMENT

AREA, NANTONG 226017, JIANGSU, CHINA

TEL: 0086-513-85996915, 85996910

FAX: 0086-513-85996900

SINOCHEM YANG ZHOU PETRO CHEMICAL TERMINAL CO., LTD.

ADD: NO.1 ZHONGHUA ROAD, YANGZHOU CHEMICAL INDUSTRY PARK,

YIZHENG 211900, JIANGSU, CHINA

TEL: 0086-514-89185050

FAX: 0086-514-83299958

SINOCHEM ZHUHAI PETRO CHEMICAL TERMINAL CO., LTD.

ADD: NO.3 FENGYING NORTH ROAD, GAOLAN PORT ECONOMIC ZONE,

ZHUHAI 519050, GUANGDONG, CHINA

TEL: 0086-756-7228000

FAX: 0086-756-7228111

SINOCHEM TIANJIN PORT PETRO CHEMICAL TERMINAL CO., LTD.

ADD: NO.3262 NANHANG ROAD, NANJIANG PORT, BINHAI NEW AREA,

TIANJIN 300452, CHINA

TEL: 0086-22-25607018

FAX: 0086-22-25607017

SINOCHEM ( ZHOUSHAN ) XINGHAI CONSTRUCTION CO., LTD.

ADD: AOSHAN ISLAND, LINCHENG DISTRICT, ZHOUSHAN 316021,

ZHEJIANG, CHINA

TEL: 0086-580-2061792

FAX: 0086-580-2056984

ZHOUSHAN NATIONA L OIL RESERVE BASE CO., LTD.

ADD: AOSHAN ISLAND, LINCHENG DISTRICT, ZHOUSHAN 316021,

ZHEJIANG, CHINA

TEL: 0086-580-2310160

FAX: 0086-580-2310100

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SINOCHEM INTERNATIONAL CROPCARE CO., LTD.

ADD: ROOM 2506, JIN MAO TOWER, NO.88 CENTURY BOULEVARD,

PUDONG NEW AREA, SHANGHAI 200121, CHINA

TEL: 0086-21-61048666

FAX: 0086-21-50477405

SAFE-TRANS PORT CHEMICAL LOGISTICS CO., LTD.

ADD: ROOM 2603, JIN MAO TOWER , NO.88 CENTURY BOULEVARD,

PUDONG NEW AREA, SHANGHAI 200121, CHINA

TEL: 0086-21-61048703

FAX: 0086-21-50470051

SINOCHEM SHIPPING CO., LTD.

ADD: ROOM 2601, JIN MAO TOWER , NO.88 CENTURY BOULEVARD,

PUDONG NEW AREA, SHANGHAI 200121, CHINA

TEL: 0086-21-61048666

FAX: 0086-21-50470166

XISHUANGBANNA SINOCHEM RUBBER CO., LTD.

ADD: MENGHAN TOWN, JINGHONG, XISHUANGBANNA, YUNNAN, CHINA

TEL: 0086-691-2420401

FAX: 0086-691-2420412

HAINAN SINOCHEM RUBBER CO., LTD.

ADD: 3RD FLOOR, NANHUA TOWER , ZHONGXING BOULEVARD,

NADA, DAN ZHOU, HAINAN, CHINA

TEL: 0086-898-23339201

FAX: 0086-898-23339200

SINORG CHEM TECHNOLOGY CO., LTD.

ADD: 7F, NORTH CHANGQING RD., PUDONG NEW AREA,

SHANGHAI 200126, CHINA

TEL: 0086-21-50619988

FAX: 0086-21-50117200

SHANDONG SINORG CHEM TECHNOLOGY CO., LTD.

ADD: NO.1 INDUSTRY ROAD, NEW MATERIALS INDUSTRIAL PARK,

CAO COUNTY 274400, SHANDONG, CHINA

TEL: 0086-530-3518666

FAX: 0086-530-3518777

TAIAN SINORG CHEM TECHNOLOGY CO., LTD.

ADD: HUANGFENG TWONSHIP, NINGYANG COUNTY 271413,

SHANDONG CHINA

TEL: 0086-538-5866168

FAX: 0086-538-5866188

ANHUI SINORG CHEM TECHNOLOGY CO., LTD.

ADD: NO.1111 CUIHU LAKE ROAD, RECYCLING ECONOMY PARK,

TONGLING 244100, ANHUI, CHINA

TEL: 0086-562-8832872

FAX: 0086-562-8832918

JIANGSU SINORG CHEM TECHNOLOGY CO., LTD.

ADD: 39 WENFENG ROAD, YANG ZHOU CITY, JIANGSU PROVIN CE, CHINA

TEL: 0086-514-87813243

FAX: 0086-514-87814008

NANTONG JIANGSHAN AGRO CHEMICAL & CHEMICALS CO., LTD.

ADD: NO.998 JIANGSHAN ROAD, NANTONG CITY ECONOMIC AND

TECHNOLOGICAL DEVE LOPMENT ZONE, CHINA

TEL: 0086-513-83530931

FAX: 0086-513-83521807

SINOCHEM AGRO CO., LTD.

ADD: 17TH-19TH FLOORS, NO.33 HENAN ROAD (S),

SHANGHAI 200002, CHINA

TEL: 0086-21-63289888, 61381888

FAX: 0086-21-63283968

E-MAIL: sinochemagro@sinochem.com

HTTP: // www.sinochemagro.com

SHENGYANG SCIENCREAT CHEMICALS CO.,LTD.

ADD: XIHE JIU BEI STREET 17. SHENYANG ECONOMY AND TECHNOLOGY

DEVE LOPMENT ZONE 110144, LIAONING, CHINA

TEL: 0086-24-25326706

FAX: 0086-24-25326815

SINOCHEM LANTIAN CO., LTD.

ADD: NO.96 JIANGNAN AVENUE , BINGJIANG DISTRICT,

HANGZHOU 310051, ZHEJIANG, CHINA

TEL: 0086-571-85216718

FAX: 0086-571-85215306

E-MAIL: cuisong@sinochem.com

HTTP: // www.sinochemlt.com

ZHEJIANG RESEARCH INSTITUTE OF CHEMICAL INDUSTRY , LTD.

ADD: NO.387 TIANMUSHAN RD., HANGZHOU 310023,

ZHEJIANG, CHINA

TEL: 0086-571-85226855

FAX: 0086-571-85229858

E-MAIL: taiwenjun@sinochem.com

HTTP: // www.zciri.com

ZHEJIANG LANTIAN ENVIRONMENTA L PROTE CTION HI-TECH CO., LTD.

ADD: NO.27 5 AVENUE , HANGZHOU ECONOMIC

& TECHNOLOGICAL DEVE LOPMENT AREA 310051,

ZHEJIANG, CHINA

TEL: 0086-571-86936151

FAX: 0086-571-86917606

E-MAIL: louhuadong@sinochem.com

TOTAL-SINOCHEM OIL CO., LTD.

ADD: UNIT 1201A/1204, 12TH FLOOR,

THE ORIENTAL FINANCE PLAZA, NO.1168 CENTURY AVENUE,

SHANGHAI 200120, CHINA

TEL: 0086-21-68885788

FAX: 0086-21-68885755

TOTAL-SINOCHEM FUELS CO., LTD.

ADD: ROOM 1201-1203, 12TH FLOOR, CHENGJIAN PLAZA,

NO.18 BEITAIPINGZHUANG ROAD, BEIJING 100088, CHINA

TEL: 0086-10-82255525

FAX: 0086-10-82255518

BEIJING PETRO LEUM CHEMICAL PRODUCTS DEVELOPMENT & SUPPLY CO., LTD.

ADD: ROOM 902, TIANCHUANG TECHNOLOGY PLAZA,

NO.8 CAIHEFANG ROAD, HAIDIAN DISTRICT, BEIJING 100080, CHINA

TEL: 0086-10-62698781

FAX: 0086-10-62698923

BEIJING JILI OIL PRODUCTS SERVICE CO., LTD.

ADD: LANGFA VILLAGE, HUANG CUN COUNTY, DA XING DISTRICT,

BEIJING 102613, CHINA

TEL: 0086-10-83702373

FAX: 0086-10-83702372

HAINAN PACIFIC OIL CO., LTD.

ADD: NO.47, 7 LANE, SHANGPIN STREET, SANYA 572000,

HAINAN, CHINA

TEL: 0086-898-38880307

FAX: 0086-898-38880332

SINOCHEM REFINED OIL COMMERCE CO.LTD

ADD: 8TH FLOOR, NO.1 FENGHAI ROAD, FENGZE DISTRICT,

QUANZHOU 362011, FUJIAN, CHINA

TEL: 0086-595-29380181

FAX: 0086-595-28390100

SINOCHEM LIAONING CO., LTD.

ADD: 32-33TH FLOOR HONGYUAN BUILDING, NO.23 RENMIN ROAD,

ZHONGSHAN DISTRICT, DALIAN 116001, LIAONING, CHINA

TEL: 0086-411-82821888, 82820643

FAX: 0086-411-82820646

E-MAIL: liaoning@sinochem.com

WEB: www.sinochemliaoning.com

SHENYANG RESEARCH INSTITUTE OF CHEMICAL INDUSTRY CO., LTD.

ADD: NO.8 SHENLIAODONG ROAD, SHENYANG 110021,

LIAONING, CHINA

TEL: 0086-24-85869252

FAX: 0086-24-25873080

HTTP: // www.syrici.com.cn

SHENYANG RESEARCH INSTITUTE OF CHEMICAL ENGINEERING CO., LTD.

ADD: NO. 8, LIAODONG ROAD, TIEXI DISTRICT, SHENYANG 110021,

LIAONING, CHINA

TEL: 0086-24-85869024

FAX: 0086-24-85869024

HTTP: // www.syrici-de.com

SHENYANG PESTICIDE CHEMICAL R&D CO., LTD.

ADD: NO. 8-1 LIAODONG ROAD, TIEXI DISTRICT, SHENYANG 110021,

LIAONING, CHINA

TEL: 0086-24-85869265

FAX: 0086-24-85869137

SINOCHEM INTERNATIONAL CORP.

STOCK CODE: 600500.SH

ADD: NO.233 NORTH CHANGQING RD., PUDONG NEW AREA,

SHANGHAI 200126, CHINA

TEL: 0086-21-31768000

FAX: 0086-21-31769199

E-MAIL: intl@sinochem.com

HTTP: // www.sinochemintl.com

SINOCHEM INTERNATIONAL CORP. BEIJING BRANCH

ADD: ROOM 1801, SINOCHEM TOWER, A2 FUXINGMENWAI STREET,

BEIJING 100045, CHINA

TEL: 0086-10-59368790

FAX: 0086-10-59368569

SINOCHEM INTERNATIONAL CORP. GUANGDONG BRANCH

ADD: 12TH, YING XIN BUILDING, 28 HUA XIA ROAD , ZHUJIANGXINCHENG

TIANHE DISTRICT, GUANG ZHOU 510623, GUANGDONG, CHINA

TEL: 0086-20-85608200

FAX: 0086-20-85608210

SINOCHEM INTERNATIONAL CORP. TIANJIN BRANCH

ADD: RM.1103, 105 JIANSHE RD., HEPING DISTRICT,

TIANJIN 300042, CHINA

TEL: 0086-22-58909759

FAX: 0086-22-58909764

SINOCHEM INTERNATIONAL CORP. FUJIAN BRANCH

ADD: RM.405, BUILDING D, EAST PART of LEAD SHOW HEAVEN AND

EARTH SQUARE, QUAN XIU ROAD, FENGZE DISTRICT,

QUAN ZHOU 362000, FUJIAN, CHINA

TEL: 0086-595-22563031

FAX: 0086-595-22503310

SHANGHAI DEHUAN PROPERTIES LIMITED

ADD: 3RDFLOOR, 567 GUOZHAN ROAD, PUDONG NEW AREA,

SHANGHAI 200045, CHINA

TEL: 0086-21-58388155

DIRECTORY OF DOMESTIC INSTITUTIONS DIRECTORY OF DOMESTIC INSTITUTIONS

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ZHEJIANG HETIAN CHEMICAL CO., LTD.

ADD: NO.926 XIXI RD., HANGZHOU 310023, ZHEJIANG, CHINA

TEL: 0086-571-85222738

FAX: 0086-571-85221760

E-MAIL: chendandan@sinochem.com

HTTP: // www.ht-chem.com

ZHEJIANG TITAN DESIGN & ENGINEERING CO., LTD.

ADD: NO.2 WULIN LANE MOGANSHAN RD., HANGZHOU 310012,

ZHEJIANG, CHINA

TEL: 0086-571-88362930

FAX: 0086-571-88362900

E-MAIL: yushaolin@sinochem.com

HTTP: // www.zpcdi.com

ZHEJIANG INT’L GROUP CO., LTD.

ADD: NO.96 JIANGNAN AVENUE, BINJIANG DISTRICT,

HANGZHOU 310051, ZHEJIANG, CHINA

TEL: 0086-571-85068752

FAX: 0086-571-85068752

E-MAIL: bao_zhihu@sina.com

HTTP: // www.intmedic.com

ZHEJIANG INT' L MEDICINE CO., LTD.

ADD: NO.96 JIANGNAN AVENUE, BINJIANG DISTRICT,

HANGZHOU 310051, ZHEJIANG, CHINA

TEL: 0086-571-85063052

FAX: 0086-571-85057018

E-MAIL: ytyyxxb@intmedic.com

HTTP: // www.intmedic.com

ZHEJIANG HUALONG INDUSTRIAL GROUP CO., LTD.

ADD: NO.96 JIANGNAN AVENUE, BINJIANG DISTRICT,

HANGZHOU 310051, ZHEJIANG, CHINA

TEL: 0086-571-87011929

FAX: 0086-571-87033623

E-MAIL: chz960617@163.com

SINOCHEM TAICANG CHEMICAL INDUSTRIAL PARK

ADD: NO.18 SOUTH BINJIANG RD., PETRO CHEMICAL INDUSTRIAL

SECTION, TAI CANG PORT DEVE LOPMENT ZONE, TAI CANG 215433,

JIANGSU, CHINA

TEL: 0086-512-53713100

FAX: 0086-512-53713199

E-MAIL: hanfei@sinochem.com

HTTP: // www.sinochemtc.com

SINOCHEM MODERN ENVIRONMENTAL PROTECTION

CHEMICALS ( XI’AN ) CO., LTD.

ADD: JINGHE INDUSTRIAL AREA, XI'AN ECONOMIC & TECHNICAL

DEVE LOPMENT ZONE, XI'AN 710201, SHAANXI, CHINA

TEL: 0086-29-86033368

FAX: 0086-29-86030181

E-MAIL: cuihaifei@sinochem.com

HTT P: // www.jincool.com

SINOCHEM PLASTICS CO., LTD.

ADD: 7TH, SINOCHEM TOWER , A2 FUXINGMENWAI STREET ,

XICHENG DISTRICT, BEIJING 100045, CHINA

TEL: 0086-10-59368520

FAX: 0086-10-59368578, 59368561

E-MAIL: sinochem_sl@sinochem.com

HTTP: // www.sinochemplastics.com

SINOCHEM PLASTICS CO., LTD. SHANGHAI BRANCH

ADD: 29TH, LUJIAZUI BUSINESS PLAZA, NO. 1600 CENTURY

BOULEVARD, PUDONG NEW AREA, SHANGHAI 200122, CHINA

TEL: 0086-21-50812631

FAX: 0086-21-50816335, 50815825

E-MAIL: sinochem_sl@sinochem.com

HTTP: // www.sinochemplastics.com

SINOCHEM PLASTICS CO., LTD. SHENZHEN BRANCH

ADD: RM.2502, GANLAN PLAZA, CAITAIN ROAD ,

FUTIAN DISTRICT, SHENZHEN 518035, GUANGDONG, CHINA

TEL: 0086-755-83551893

FAX: 0086-755-83551982

E-MAIL: sinochem_sl@sinochem.com

HTTP: // www.sinochemplastics.com

SINOCHEM PLASTICS CO., LTD. JIANGSU BRANCH

ADD: 19TH, JINCHENG TOWER , 216 LONGPAN MIDDLE ROAD ,

BAIXIA DISTRICT, NANJING 210002, NANJING, CHINA

TEL: 0086-25-51817777

FAX: 0086-25-51817788

E-MAIL: sinochem_sl@sinochem.com

HTTP: // www.sinochemplastics.com

SINOCHEM PLASTICS Co., LTD. CHENGDU BRANCH

ADD: RM. 907, Unit 1, BUILDING 8, NO. 1700, TIANFUDADAO ,

GAO XIN DISTRICT, CHENGDU 610041, SICHUAN, CHINA

TEL: 0086-28-85266758

FAX: 0086-28-85266756

E-MAIL: sinochem_sl@sinochem.com

HTTP: // www.sinochemplastics.com

SINOCHEM PLASTICS CO., LTD. QINGDAO BRANCH

ADD: RM.1507, BUILDING 15, NORTH BUILDING, GOLDEN PLAZA No.20

XIANGGANG ROAD, QINGDAO 266077, SHANDONG, CHINA

TEL: 0086-532-85022102

FAX: 0086-532-85021595

E-MAIL: sinochem_sl@sinochem.com

HTTP: // www.sinochemplastics.com

SINOCHEM PLASTICS CO., LTD. TIANJIN BRANCH

ADD: 58 NANJNG ROAD,

TIANJIN 300042, CHINA

TEL: 0086-22-23146216, 23146392

Fax: 0086-22-23146215

E-MAIL: sinochem_sl@sinochem.com

HTTP: // www.sinochemplastics.com

SINOCHEM GUANGDONG CO., LTD.

ADD: 13TH, NO.28, HUA XIA ROAD , TIANHE DISTRICT,

GUANG ZHOU510623, GUANGDONG , CHINA

TEL: 0086-20-38686368

FAX: 0086-20-38686315

E-MAIL: marketing-gd@sinochem.com

HTTP:// www.sinochem-guangdong.com

SINOCHEM TIANJIN CO., LTD.

ADD: NO.58 NANJING ROAD, HEXI DISTRICT,

TIANJIN 300042, CHINA

TEL: 0086-22-23146216, 23146392

FAX: 0086-22-23146215

E-MAIL: tianjin@sinochem.com

HTTP: // www.sinochemtianjin.com

SINOCHEM HEBEI CO., LTD.

ADD: NO.707 LIANMENG ROAD, SHIJIAZHUANG 050061,

HEBEI, CHINA

TEL: 0086-311-85028888

FAX: 0086-311-85028899

E-MAIL: hebei@sinochem.com

HTTP: // www.sinochemhebei.com

SINOCHEM QINGDAO CO., LTD.

ADD: THE NORTH BUILDING, GOLDEN PLAZA, 20 XIANGGANGZHONG

ROAD, QINGDAO 266071, SHANDONG, CHINA

TEL: 0086-532-55736222, 55736990

FAX: 0086-532-55736555

E-MAIL: qingdao@sinochem.com

HTTP: // www.sinochemqingdao.com

SINOCHEM JIANGSU CO., LTD.

ADD: FLOORS 21, JINCHENG TOWER, NO.216 MIDDLE LONGPAN ROAD ,

NANJING 210002, JIANGSU, CHINA

TEL: 0086-25-51817890

FAX: 0086-25-51817799

E-MAIL: info@sinochem.com

HTTP: // www.sinochemjiangsu.com

SINOCHEM FERTI LIZER CO., LTD.

ADD: 10TH FLOOR, CENTRA L TOWER , CHEMSUNNY WORLD TRADE

CENTER, 28 FUXINGMENNEI STREET, BEIJING 100031, CHINA

TEL: 0086-10-59569601, 59569702

FAX: 0086-10-59569627

HTTP: // www.sinofert.com

SINOCHEM CHONGQING FULING CHEMICALS CO., LTD.

ADD: No. 2 LIMING ROAD, FULING DISTRICT,

CHONGQING 408000, CHINA

TEL: 0086-23-72884093

FAX: 0086-23-72884100

HTTP: // www.sinochem-zhfl.com

SINOCHEM SHANDONG FERTI LIZERS CO., LTD.

ADD: NO. 61, HANGZHOU ROAD, ECONOMIC AND TECHNOLOGICAL

DEVELOPMENT ZONE, LINYI 276024, SHANDONG, CHINA

TEL: 0086-539-6016138

FAX: 0086-539-6016555

HTTP: // www.sinochemsdfy.com

HUBEI SINOCHEM ORIENT FERTI LIZER CO., LTD.

ADD: 9 RAILWAY STATION ROAD WULONGQUAN STREET ,

JIANGXIA DISTRICT, WUHAN 430213, HUBEI, CHINA

TEL: 0086-27-58908512

FAX: 0086-27-58908510

HTTP: // www.sinochem-zhdf.com

FUJIAN SINOCHEM ZHISHENG FERTI LIZER CO., LTD.

ADD: NO.188 BANWEI, YONGAN 366013,

FUJIAN, CHINA

TEL: 0086-598-3699383

FAX: 0086-598-3636543

HTTP: // www.sinochem-zs.com

YUNNAN THREE CIRCLES-SINOCHEM FERTI LIZERS CO., LTD.

ADD: HAIKOU COUNTY, XISHAN DISTRICT, KUNMING 650113,

YUNNAN, CHINA

TEL: 0086-871-8596930

FAX: 0086-871-8596927

HTTP: // www.yntcsc.com

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DIRECTORY OF DOMESTIC INSTITUTIONS DIRECTORY OF DOMESTIC INSTITUTIONS

SINOCHEM ( YANTAI ) CRO PNUTRITION CO., LTD.

ADD: NO. 19, HONGFU STREET, FUSHAN DISTRICT,

YANTAI 265500, SHANDONG, CHINA

TEL: 0086-535-6633090

FAX: 0086-535-6630882

HTTP: // www.sinochem-zhyt.com

SINOCHEM JILIN CHANGSHAN CHEMICALS CO., LTD.

ADD: CHANGSHAN, QIANGUO COUNTY , SONGYUAN 131109,

JILIN, CHINA

TEL: 0086-438-5197017

FAX: 0086-438-5196248

HTTP: // www.sinochemjlcs.com

SINOCHEM YUNLONG CO., LTD.

ADD: JINSUO INDUSTRIAL PARK, KUNMING 655204,

YUNNAN, CHINA

TEL: 0086-871-62731168

FAX: 0086-871-62731598

HTTP: // www.sinochemzhyl.com

CHINA NATIONAL SEED GROUP CO., LTD.

ADD: 15/F, SINO CHEM TOWER , A2 FUXINGMENWAI STREET ,

BEIJING 100045, CHINA

TEL: 0086-10-59369999

FAX: 0086-10-59369998

HTTP: // www.chinaseeds.com.cn

CHINA NATIONAL SEED GROUP CO., LTD., ZHANGYE BRANCH

ADD: SECTION 2, NORTHEAST INDUSTRIAL PARK,

ZHANGYE 734000, GANSU, CHINA

TEL: 0086-936-8436128

FAX: 0086-936-8436116

CHINA NATIONAL SEED GROUP CO., LTD. SHANDONG MARKETING

AND SERVICE BRANCH

ADD: NO.11 SANGYUAN ROAD, LICHENG DISTRICT, JINAN 250100,

SHANGDONG, CHINA

TEL: 0086-531-88963462

FAX: 0086-531-88963462

CHINA NATIONAL SEED GROUP CO., LTD., CHENGDE BRANCH

ADD: 5TH FLOOR, HANMING BUILDING, NO. 77 WULIE ROAD,

SHUANGQIAO DISTRICT, CHENGDE 067000, HEBEI, CHINA

TEL: 0086-314-2525660

FAX: 0086-314-2525661

CHINA NATIONAL SEED GROUP CO., LTD., HENAN BRANCH

ADD: NO.1401, FLOOR 14, UNIT 1, BUILDING 9, NO.6, CUIZHU

STREET, HIGH-NEW DISTRICT, ZHENGZHOU 450001, HENAN, CHINA

TEL: 0086-371-55638026

FAX: 0086-371-55638026

CHINA NATIONAL SEED GROUP CO., LTD., SANYA BRANCH

ADD: ROOM 16C BIHAILANTIANHAIYUEGE, NO. 90 SANYAWAN ROAD ,

SANYA 572000, HAINAN, CHINA

TEL: 0086-898-88298568

FAX: 0086-898-88898678

CHINA NATIONAL SEED GROUP CO., LTD., JIANGXI BRANCH

ADD: 9F, COMPREHENSIVE BULIDING, JIANGXI ACADEMYO F SCIENCES,

NO.382, SHANGFANGROAD, NANCHANG 330029, JIANGXI, CHINA

TEL: 0086-791-86374997

FAX: 0086-791-86374997

CHINA NATIONAL SEED GROUP CO., LTD. HUBEI BRANCH

ADD: ROOM 310-316, REGION E, AO XIN COLLEGE, LUOSHINAN ROAD ,

HONGSHAN DISTRICT, WUHAN 430070, HUBEI, CHINA

TEL: 0086-27-87207338

FAX: 0086-27-87207398

CHINA SEED GROUP CO., LTD. SOUTHWEST BRANCH

ADD: UNIT 1, 4TH FLOOR BUILDING 1 D2, NO. 1666 CHENGLONG

ROAD SECOND PART, CHENGDU ECONOMIC AND TECHNOLOGICAL

DEVELOPMENT ZONE 610100, SICHUAN, CHINA

TEL: 0086-28-68385578

FAX: 0086-28-68385583

CHINA SEED GROUP CO., LTD., JIANGSU BRANCH

ADD: ROOM 406/407, BUILDING 1, NANJING AGRICULTURAL

BIOLOGICAL HIGH-TECH BUSINESS CENTER, NO. 4 WEITONG ROAD,

XUANWU DISTRICT, NANJING 210095, JIANGSU, CHINA

TEL: 0086-25-85693295

FAX: 0086-25-85693295

CHINA SEED SCIENCE INNOVATION AND SERVICE CO., LTD.

ADD: NO. 3 BIOLOGICAL GARDEN ROAD, NO. 888 HIGH-TECH

BIOLOGICAL AVENUE, WUHAN EAST LAKE DEVELOPMENT ZONE

430075, HUBEI, CHINA

TEL: 0086-27-87980501

FAX: 0086-27-87980510

HTTP: // www. chinaseeds-lstc.com

CHINA SEED GROUP CO., LTD. ZHUOZHOU TEST DEVELOPMENT CENTER

ADD: NO. 6 RUNZE STREET, ZHUOZHOU CITY DEVELOPMENT ZONE,

072750, HEBEI, CHINA

TEL: 0086-312-6672086

CHINA SEED INTERNATIONAL CO., LTD.

ADD: 7/F, TOWER F, PHOENIX PLACE 5A, SHUGUANG XILI,

CHAOYANG DISTRICT, BEIJING 100028, CHINA

TEL: 0086-10-57350800

FAX: 0086-10-57350789

HTTP: // www.cndkseeds.com

CHINA NATIONAL SEED GROU P CO., LTD, YUNNAN SEED COMPANY LTD.

ADD: SHILIN YI AUTONOMOUS COUNTY ECO-INDUSTRIAL ZONE,

KUNMING 652200, YUNNAN, CHINA

TEL: 0086-871-67786936

FAX: 0086-871-67786936

GOLDEN RICE SEEDS CO., LTD. OF GUANGDONG

ADD: GUANGDONG ACADEMY OF AGRICULTURAL SCIENCES IN RICE

RESEARCH INSTITUTE, WUSHAN ROAD, TIANHE DISTRICT,

GUANG ZHOU 510640, GUANGDONG, CHINA

TEL: 0086-20-87596284

FAX: 0086-20-87587739

HTTP: // www.goldenrice.com.cn

CHINA NATIONAL SEED GROUP CO., LTD, FUJIAN NONGJIA SEED CORP., LTD.

ADD: FUZHOU MINHOU ZONE, NO. 22 SHIJING ROAD, JINGXI

TECHNOLOGICAL DEVELOPMENT ZONE. MINHOU COUNTY,

FUZHOU 350100, FUJIAN, CHINA

TEL: 0086-591-22070201

FAX: 0086-591-22070182

CHINA NATIONAL SEED GROU P CO., LTD,

MIANYANG SEED COMPANY LTD.

ADD: NO.1 ROAD, SONGYA CITY, MIANYANG 621023, SICHUAN, CHINA

TEL: 0086-816-2230913

FAX: 0086-816-2222521

HUNAN DONGTING HI-TECH SEED CO., LTD.

ADD: HUABAN QIAO ROAD NO.542 YUEYANG 414000, HUNAN, CHINA

TEL: 0086-730-8626622

FAX: 0086-730-8613270

SICHUAN CHUAN ZHONG SEEDS CO., LTD.

ADD: NO.6 HUAN ZHAN ROAD, YUTANG TOWN, LONGMATAN

DISTRICT, LUZHOU 646100, SICHUAN, CHINA

TEL: 0086-830-2666160

FAX: 0086-830-2666158

HUBEI WULIN SEED CORP., LTD.

ADD: NO.126 ROAD, XUEYUAN, ENSHI 445000, HUBEI, CHINA

TEL: 0086-718-8431092

FAX: 0086-718-8431092

SICHUAN YIBIN YIZITOU SEED CO., LTD.

ADD: 2TH, COMPLEX OFFICE BULIDING, YIBIN INSTITUTE OF AGRI

CULTURAL SCIENCE, TIANCHIBA, XIJIAO, YIBIN 64460, SICHUAN, CHINA

TEL: 0086-831-6255698

FAX: 0086-831-6255698

HENAN CHINASEED-LIANFENG SEED CO., LTD.

ADD: WEST OF RENMIN ROAD, WEISHI 475000,

HENAN, CHINA

TEL: 0086-371-27993403

FAX: 0086-371-27993403

CHINA SEED HYBRID WHEAT SEED ( BEIJING ) CO.,LTD.

ADD: ROOM 301, UNIT 1, 3-4 FLOOR, BUILDING 6 XISHAN CREATIVE

PARK, HAIDIAN DISTRICT, BEIJING 100195, CHINA

TEL: 0086-10-88855051

FAX: 0086-10-88855051-803

CHINA SEED LIFE SCIENCE AND TECHNOLOGY CENTER

ADD: BUILDING C2-4, WUHAN NATIONA L BIOLOGY PRO PERTY BASE

( JIUFENG INNOVATION ) R&D AREA, NO.888GAO XIN AVENUE ,

DONGHU DEVE LOPMENT ZONE, WUHAN 430075, HUBEI, CHINA

TEL: 0086-27-87980501

FAX: 0086-27-87980510

HUALE SEEDS COMPANY LTD.

ADD: 33003, NO.3, SHUANG QING ROAD, HAIDIAN DISTRICT,

BEIJING 100085, CHINA

TEL: 0086-10-62912968

FAX: 0086-10-62912663

BEIJING SHINING INVESTMENT MANAGEMENT COMPANY LTD.

ADD: 9TH FLOOR, BLOCK D, NO. 87 XISANHUANBEI ROAD, INTERNATIONAL

FINANCIAL CENTER, HAIDIAN DISTRICT, BEIJING 100089, CHINA

TEL: 0086-10-56765900

FAX: 0086-10-56765900

BEIJING SHINING INVESTMENT MANAGEMENT COMPANY LTD.

ADD: 9TH, TOWER D, IFEC, NO.87 WEST THIRD RING NORTH ROAD,

HAIDIAN DISTRICT, BEIJING 100089, CHINA

TEL: 8610-56765900

FAX: 8610-56765900

SINOCHEM AGRICULTURE HOLDINGS

ADD: ROOM 818 CENTRAL TOWER, CHEMSUNNY WORLD TRADE

CENTER, 28 FUXINGMENNEI STREET, BEIJING 100031, CHINA

TEL: 0086-10-59567900

FAX: 0086-10-59567901

E-MAIL: agro@sinochem.com

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CHINA GREEN FOOD CORPORATION

ADD: ROOM 818 CENTRAL TOWER, CHEMSUNNY WORLD TRADE CENTER,

28 FUXINGMENNEI STREET, BEIJING 100031, CHINA

TEL: 0086-59567900

FAX: 0086-59567901

E-MAIL: agriculture@sinochem.com

CHINA JINMAO GROUP CO., LTD.

ADD: 8TH, JIN MAO TOWER , NO.88 SHIJI DADAO, PUDONG NEW AREA,

SHANGHAI 200121, CHINA

TEL: 0086-21-50476688

FAX: 0086-21-50470088

HTTP: // www.jinmao88.com

BEIJING CHEMSUNNY PROPERTY CO., LTD.

ADD: 22TH, SINOCHEM TOWER, A2 FUXINGMENWAI STREET,

BEIJING 100031, CHINA

TEL: 0086-10-59369900

FAX: 0086-10-59369901

JINMAO ( LIJIANG ) PROPERTY CO., LTD.

ADD: NORTH OF XIANG JIANG ROAD , GUCHENG AREA,

LIJIANG 674100, YUNNAN, CHINA

TEL: 0086-888-8886999

FAX: 0086-888-8893377

SHANGHAI INTERNATIONA L SHIPPING SERVI CE CENTER

DEVE LOPMENT CO., LTD.

ADD: NO.100 YANGSHUPU ROAD, HONGKOU DISTRICT,

SHANGHAI 200082, CHINA

TE L: 0086-21-65853570

FAX: 0086-21-65853571

SINOCHEM FRANSHION REAL ESTATE ( BEIJING ) CO., LTD.

ADD: 10F, BLOCK D, YE QING BUILDING, 9 WANG JING NORTHERN

ROAD, CHAOYANG DISTRICT, BEIJING 100102, CHINA

TEL: 0086-10-57681515

FAX: 0086-10-57681500

JIN MAO INVESTMENT ( CHANGSHA ) CO., LTD.

ADD: 3F, WUQIANG BUILDING, NO.2 LUTIAN RD, CHANGSHA NATIONAL

HI-TECH PACK, CHANGSHA 410205, HUNAN, CHINA

TEL: 0086-731-89806600

FAX: 0086-731-89806608

SINOCHEM JINMAO PRO PERTY MANAGEMENT ( BEIJING ) CO., LTD.

ADD: ROOM 215, SINOCHEM TOWER, NO.A2 FUXINGMENWAI AVE,

BEIJING 100045, CHINA

TEL: 0086-10-59368160

FAX: 0086-10-59368189

JINMAO ( SHANGHAI ) DEVE LOPMENT CO., LTD.

ADD: 23RD FLOOR, BAUER CENTER, NO. 355 GUANGZHONG WEST

ROAD, JING'AN DISTRICT, SHANGHA 200072, CHINA

TEL: 0086-21-26015558-8600

FAX: 0086-21-26015557

QINGDAO LANHAI NEW HARBOUR CITY PRO PERTIES LTD.

ADD: 3RD FLOOR, DONGHAI SHIJIA, NO. 41 DONGHAI WEST ROAD,

SOUTH DISTRICT, QINGDAO 266000, SHANDONG, CHINA

TEL: 0086-532-82996900

FAX: 0086-532-82996900

FRANSHION PRO PERTIES ( SUZHOU ) CO., LTD.

ADD: 26TH, COASTAL INTERNATIONAL CENTER, 1296 GANJIANG ROAD

WEST JINCHANG DISTRICT, SUZHOU 215004, JIANGSU, CHINA

TEL: 0086-512-65700186

FAX: 0086-512-65700160

CHONGQING XINGTUO REAL ESTATE CO., LTD.

ADD: 21TH, BLDG5, NEO-CHINA TOP CITY, JIULONGPO DISTRICT,

CHONGQING 400039, CHINA

TEL: 0086-23-65938882

FAX: 0086-23-65938882

SHANGHAI JINMAO CONSTRUCTION&DECORATION CO., LTD.

ADD: 506-510 GREEN CENTER EAST BUILDING, NO. 596 LONGHUA

ROAD, XUHUI DISTRICT, SHANGHAI 200032, CHINA

TEL: 0086-21-64731010

FAX: 0086-21-50473978

FRANSHION PROPERTIES ( NINGBO ) CO., LTD.

ADD: 18F VENTURE TOWER, 16TH BUZHENG LANE, HAI SHU DISTRICT

NINGBO 315000, ZHEJIANG, CHINA

TEL: 0086-574-55871111

FAX: 0086-574-55871111

NANJING INTERNATIONAL GROUP CO., LTD.

ADD: 22F SOUTH TOWER, NIC 201ZHONGYANG ROAD,

NANJING 210009, JIANGSU, CHINA

TEL: 0086-25-83271600

FAX: 0086-25-83271616

GUANG ZHOU XINGTUO PRO PERTY CO., LTD.

ADD: 12A F, JINRONG BUILDING, NO. 171 HAIBIN ROAD, NANSHA

DISTRICT, GUANGZHOU 511458, GUANGDONG, CHINA

TEL: 0086-20-39037100

FAX: 0086-20-39037106

FRANSHION PRO PERTIES ( HANGZHOU ) CO., LTD.

ADD: 7TH, YINTAID BUILDING, 380 FENGTAN ROAD, GONGSHU

DISTRICT, HANGZHOU 310000, ZHEJIANG, CHINA

TEL: 0086-571-86419900

FAX: 0086-571-86419901

BEIJING EASTERN GARDEN INTERNATIONA L CONVENTION CENTER

ADD: NO.5 ZUODI RD., BEIXIAOYING TOWN , SHUNYI DISTRICT,

BEIJING 101300, CHINA

TE L: 0086-10-60485588

FAX: 0086-10-60486712

HTTP: // www.bjegicc .com

NANJING XINGTUO INVESTMENT COMPANY LIMITIED

ADD: SECOND FLOOR, BLOCK 8, ADVANCED BUSINESS PORT, NO. 70

PHOENIX ROAD, JIANGNING DISTRICT, NANJING 211000, JIANGSU, CHINA

TEL: 0086-25-68725099

FAX: 0086-25-68725100

INTERNATIONAL FAR EASTERN LEASING CO., LTD.

ADD: 32TH, 33TH, 35TH, 36TH ,40TH FLOOR, JIN MAO TOWER , NO.88

CENTURY AVENUE , PUDONG NEW AREA, SHANGHAI 200121, CHINA

TEL: 0086-21-50490099

FAX: 0086-21-50490066

HTTP: // www.fehorizon.com

FAR EAST HORIZON ( TIANJIN ) FINANCIAL LEASING CO., LTD.

ADD: NO. 01, FLOOR 34, XINYIN BUILDING, YOUYI ROAD

HEXIDISTRICT300457, TIANJIN, CHINA

TEL: 0086-22-66372580

FAX: 0086-22-66372595

CHINA FOREIGN ECONOMY AND TRADE TRUST CO., LTD.

ADD: 6TH, CENTRA L TOWER , CHEMSUNNY WORLD TRADE CENTER, 28

FUXINGMENNEI STREET, BEIJING 100031, CHINA

TEL: 0086-10-59568808

FAX: 0086-10-59568906

E-MAIL: fotic@sinochem.com

HTTP: // www.fotic.com.cn

LION FUND MANAGEMENT CO., LTD.

ADD: FLOORS 19-20, INDUSTRIAL BANK TOWER, NO.4013 SHENNAN

ROAD, SHENZHEN 518048, GUANGDONG, CHINA

TEL: 0086-755-83026688

FAX: 0086-755-83026677

E-MAIL: lionfund@lionfund.com.cn

HTTP: // www.lionfund.com.cn

SINOCHEM FINANCE CO., LTD.

ADD: 3TH FLOOR, CENTRA L TOWER, CHEMSUNNY WORLD TRADE

CENTER, 28 FUXINGMENNEI STREET, BEIJING 100031, CHINA

TEL: 0086-10-59569332

FAX: 0086-10-59568943

HTTP: // www.sinochem� nance.com

SINOCHEM INSURANCE BROKERS CO., LTD.

ADD: 301-302, 3TH FLOOR, CENTRA L TOWER, CHEMSUNNY WORLD

TRADE CENTER, 28 FUXINGMENNEI STREET, BEIJING 100031, CHINA

TEL: 0086-10-59568326

FAX: 0086-10-59569757

MANU LIFE-SINOCHEM LIFE INSURANCE CO., LTD.

ADD: 6TH, JIN MAO TOWER , NO.88 CENTURY BOULEVARD,

PUDONG NEW AREA, SHANGHAI 200121, CHINA

TEL: 0086-21-50492288

FAX: 0086-21-50491110

HTTP: // www.manulife-sinochem.com

SINOCHEM INTERNATIONA L TENDERING CO., LTD.

ADD: 21TH, SINOCHEM TOWER, A2 FUXINGMENWAI STREET,

BEIJING 100045, CHINA

TEL: 0086-10-59368001

FAX: 0086-10-59369738

E-MAIL: zhaobiao@sinochem.com

HTTP: // www.sinochemitc.com

SINOCHEM INTERNATIONAL TENDERING CO.,LTD. SHANGHAI BRANCH

ADD:2TH, BUILDING2, LUJIAZUI PLAZA, 1600 CENTURY AVENUE,

PUDONG XINQU, SHANGHAI 200122, CHINA

TEL: 0086-21-68758007

FAX: 0086-21-68757977

SINOCHEM ENEGY-SAVING AND ENVIONMENTAL PROTE

CTION HOLDING ( BEIJING ) CO., LTD.

ADD: 21TH, SINOCHEM TOWER, A2 FUXINGMENWAI STREET,

BEIJING 100045, CHINA

TEL: 0086-10-59368001

FAX: 0086-10-59368201

SINOCHEM ASSET MANAGEMENT CO.

ADD: RM.1701, SINOCHEM TOWER, A2 FUXINGMENWAI STREET,

BEIJING 100045, CHINA

TEL: 0086-10-59369365

FAX: 0086-10-59369888

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SINOCHEM INTERNATIONAL PETRO LEUM ( BAHAMAS ) CO., LTD.

ADD: P.O.BOX N-3029, EAST BAY STREET, NASSAU, BAHAMAS

TEL: 0086-10-59568586

FAX: 0086-10-59569401

SINOCHEM OIL ( THAILAND ) CO., LTD.

ADD: UNIT 6, 16TH FLOOR, CRC TOWER, ALL SEASONS PLACE,

87/2 WIRELESS ROAD, PHATUMWAN, BANGKOK 10330, THAILAND

TEL: 0066-631892838

SINOCHEM OIL CO., LTD. REPRESENTATIVE OFFICE IN TAIWAN

ADD: ROOM C, 29TH FLOOR, NO.7 SEC 5 XINYI RD, XINYI DISTRICT,

TAIPEI CITY 11049, TAIWAN

TEL: 00886-2-81016069

FAX: 00886-2-81016055

SINOCHEM OIL CO., LTD. JAPAN REPRESENTATIVE OFFICE

ADD: IMC BLDG. SHINBASHI 6F, 5-5-1 SHINBASHI, MINATO-KU,

TOKYO 105-0004, JAPAN

TEL: 0081-3-34347876

FAX: 0081-3-34348747

SINOFERT HOLDINGS LIMITED

STOCK CODE: 00297.HK

ADD: SUITES 4601-10, 46/F, OFFICE TOWER , CONVENTION PLAZA,

1 HARBOUR ROAD, WAN CHAI, HONG KONG

TEL: 00852-36561588

FAX: 00852-28507229

ADD: 10TH FLOOR, CENTRA L TOWER , CHEMSUNNY WORLD TRADE

CENTER, 28 FUXINGMENNEI STREET, BEIJING 100031, CHINA

TEL: 0086-10-59569601, 59569702

FAX: 0086-10-59569627

SINOCHEM ( UNITED KINGDOM ) LTD.

ADD: 17/F, NEW ZEALAND HOUSE, 80 HAYMAR KET, LONDON SW1Y 4TE, U.K.

TEL: 0044-20-79307060

FAX: 0044-20-79304631

E-MAIL: fertilizers@sinochem-uk.com

SINOCHEM CORPORATION REPARESENTATIVE OFFICE IN UZBEKISTAN

ADD: ABDURAUF FITRAT STREET, 1/2. TASHKENT, UZBEKISTAN.

TEL: 00998-983109883

FAX: 00998-983109883

E-MAIL: libo03@sinochem.com

SINOCHEM INTERNATIONA L ( OVERSEAS ) PTE. LTD.

ADD: 8 MARINA VIEW, #34-03 ASIA SQUARE TOWER 1, SINGAPORE 018960

TEL: 0065-65385886

FAX: 0065-65389337

E-MAIL: yemeifeng@sinochem.com

SINOCHEM FARM CARE ( THAILAND ) CO., LTD.

ADD: 11TH FLOOR RASA TOWER II 555 PHAHOLYOTHIN ROAD CHATU

CHAK BANGKOK 10900, THAILAND

TEL: 0066-2-9371230-100

FAX: 0066-2-9371235

E-MAIL: agrochem@sinochem.com

SINOCHEM INDIA COMPANY PVT . LTD.

ADD: UNIT 2B, 2ND FLOOR, M6 PLAZA, JASOLA DISTRICT CENTRE,

JASOLA, NEW DELHI-110025, DELHI, INDIA

TEL: 0091-11-40658888

FAX: 0091-11-40658880

E-MAIL: agrochem@sinochem.com

SINOCHEM CRO P PROTE CTION ( PHILIPPINES ) INC.

ADD: 22F TOWER II INSULAR LIFE CORPORATE CENTRE, INSULAR LIFE

DRIVE, FILINVEST CORPORATE CITY ALABANG, MUNTINLUPA CITY ,

PHILIPPINES 1781

TEL: 00632-2-8078125

FAX: 00632-2-8078216

E-MAIL: agrochem@sinochem.com

SINOCHEM INTERNATIONAL CORPORATION REPRESENTATIVE

OFFICE IN SEOUL

ADD: 14TH FL, DIO CENTER, SEOSOMUNNO 38, JUNG-GU,

SEOUL, KOREA 100-953

TEL: 0082-2-7573993

FAX: 0082-2-7579696

E-MAIL: cuiwuxian@sinochem.com

SINOCHEM HONG KONG ( GROUP ) CO., LTD.

ADD: ROOM 4611, 46/F OFFICE TOWER, CONVENTION PLAZA,

1 HARBOUR ROAD, WAN CHAI, HONG KONG

TEL: 00852-28240100

FAX: 00852-25879480

SINOCHEM ASIA HOLDINGS ( CO. ) LTD.

ADD: 9 TEMASE K BOULEVARD # 18-01/02/03, SUNTEC TOWER TWO,

SINGAPORE 038989

TEL: 0065-63370110

FAX: 0065-63395615

SINOCHEM EURO PEHOLDINGS PLC.

ADD: 17TH, NEW ZEALAND HOUSE, 80 HAYMAR KET LONDON

SW1Y 4TE UNITED KINGDOM

TEL: 0044-20-79307060

FAX: 0044-20-79306611

E-MAIL: seh@sinochem-seh.com

SINOCHEM AMERICAN HOLDINGS, INC.

ADD: 1330 POST OA K BOULEVARD, SUITE 2500, HOUSTON,

TX 77056, U.S.A.

TEL: 001-713-2638880

FAX: 001-713-2120258

SINOCHEM CORPORATION REPRESENTATIVE OFFICE ( UAE )

ADD: OFFICE 4E-B 551 DUBAI AIRPORT FREE ZONE,

293662 DUBAI, UNITED ARAB EMIRATES

TEL: 00971-4-2045245/6

FAX: 00971-4-2045247

SINOCHEM REPRESENTATIVE OFFICE IN TAIWAN

ADD: 29TH, NO.7, SEC.5, XINYI RD., XINYI DIST., TAI PEI CITY 110,

TAIWAN (R.O.C.)

TEL: 00886-983835640

FAX: 00886-2-81016055

EMERALD ENERGY PLC.

ADD: 17TH FLOOR, NEW ZEALAND HOUSE, 80 HAYMAR KET ,

LONDON SW1Y4TE

TEL: 0044-20-7925 2442

FAX: 0044-20-7930 9613

E-MAIL: richardkonn@emeraldenergy.com

EMERALD ENERGY PLC. SUCURSAL COLOMBIA

ADD: CARRERA 9A, NO. 99- 02.OF. 603D EDIFICIO

CITIBANK BOGOTA, D. C., COLOMBIA

TEL: 00571-6513500

FAX: 00571-651 3505

E-MAIL: sinochem.emerald@emerald.com.co

SINOCHEM PETRO LEO BRASI L LTDA

ADD: ROOM 1401, 14TH FLOOR, 228, PRAIA DE BOTAFOGO,

BOTAFOGO, RIO DE JANEIRO, RJ–BRAZIL, CEP 22250-040

TEL: 0055-21-3550-9250

SINOCHEM PETRO LEUM USA LP

ADD: 2000 WEST LOOP SOUTH, SUITE 2010, HOUSTON, TEXAS 77027

TEL: 001-832-742-8600

FAX: 001-832831-1912

E-MAIL: public@sinochempetroleumusa.com

SINOCHEM INTERNATIONAL OIL ( LONDON )CO., LTD.

ADD: 11TH FLOOR WESTMINSTER TOWER 3 ALBERT EMBANKMENT

LONDON SE1 7SP, UNITED KINGDOM

TEL: 0044-20-77357878

FAX: 0044-20-77357121

E-MAIL: sinochemsinoil@sinochem.co.uk

SINOCHEM INTERNATIONAL OIL ( SINGAPORE ) PTE. LTD.

ADD: 9 TEMASE K BOULEVARD #18-03, SUNTEC TOWER TWO,

SINGAPORE 038989

TEL: 0065-63390110

FAX: 0065-63397037

88

DIRECTORY OF OVERSEAS INSTITUTIONS

SINOCHEM INTERNATIONAL AUSTRA LIA PTY . LTD.

ADD: LEVE L 8, 606 ST. KILDA RD, MELBOURNE VIC 3004, AUSTRALIA

TEL: 0061-3-95208888

FAX: 0061-3-95208889

SC PETROCHEMICAL FZE

ADD: API WORLD TOWER SUITE 3002 SHEIKH ZAYED ROAD, DUBAI, UAE

TEL: 00971-43542031

E-MAIL: zhangll@sinochem.com

GMG GLOBAL LTD.

ADD: 8 MARINA VIEW #34-05, ASIA SQUARE TOWER 1,

SINGAPORE 018960

TEL: 0065-62208638

FAX: 0065-63230737

SINOCHEM TRADING ( SINGAPORE ) PTE.LTD.

ADD: #18-01/03, SUNTEC TOWER TWO 9 TEMASE KBOULEVARD,

SINGAPORE 038989

TEL: 0065-63380110

FAX: 0065-63341787, 63343216

E-MAIL: sgt@sinochem.com

SINOCHEM INTERNATIONAL CHEMICALS ( HONG KONG ) LTD.

ADD: RM.12,46/F., OFFICE TOWER, CONVENTION PLAZA, 1 HARBOUR

ROAD , WAN CHAI, HONG KONG.

TEL: 00852-28240100

FAX: 00852-28029607, 28241233

SINOCHEM JAPAN CO., LTD.

ADD: IMC BLDG. SHINBASHI 6F, 5-5-1 SHINBASHI, MINATO -KU,

TO KYO 105-0004, JAPAN

TEL: 0081-3-34347890

FAX: 0081-3-34348747

HTTP: // www.sinochemplastics.com/sinochemjapan/

CHINA JINMAO HOLDINGS GROUP LTD.

STOCK CODE: 00817. HK

ADD: ROOM 4702-03, 47/F OFFICE TOWER, CONVENTION

PLAZA, 1 HARBOUR ROAD, WANCHAI, HONG KONG

TEL: 00852-28299668

FAX: 00852-28240300

E-MAIL: www.franshion.com

DOMESTIC OPERATING CENTER

ADD: 22/F, SINOCHEM TOWER, A2 FUXINGMENWAI STREET,

BEIJING 100045, CHINA

TEL: 0086-10-59369900

FAX: 0086-10-59369901

FAR EAST HORIZON LIMITED

STOCK CODE : 03360. HK

ADD: ROOM 4706, OFFICE TOWER, CONVENTION PLAZA, 1 HARBOUR

ROAD, WAN CHAI, HONG KONG

TEL: 00852-25888688

FAX: 00852-25118660

HTTP: // www.fehorizon.com

DOMESTIC OPERATING CENTER

ADD: 35TH FLOOR, JIN MAO TOWER , NO.88 CENTURY AVENUE ,

PUDONG NEW AREA, SHANGHAI 200121, CHINA

TEL: 0086-21-50490099

FAX: 0086-21-50490066

90