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February 2008

February 2008 1

ISSUE 5 CHRONICLE OF 2007

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Chronicle of ChemChina in 2007(Draft to Solicit Opinions)

The following is the Chronicle of ChemChina in 2007. We are eager to receive opinions and suggestions from all functional departments and subsidiaries. Please send your feedback to the

ChemChina Office at: [email protected].

A meeting was held in ChemChina by its Safety Committee, conveying the safety requirements of the State Administration of Work Safety. ChemChina President Ren Jianxin au tho r i zed ChemCh ina ' s 2007 initiatives for safe production.

China National Advanced Chemical M a t e r i a l s C o r p o r a t i o n , a s a transferee, signed a contract with Hunan Huasheng Industrial & Trading Imp. & Exp. (Group) Corp to acquire 100% of Hunan Xiangwei Co., Ltd. By using pressure swing adsorption (PSA) gas separation technology from the Southwest Research & Design Institute of Chemical Industry (SWRDICI), ChemChina took the lead to build a successful MSW (municipal solid waste) green energy environmental protection project in Hong Kong. Jiangsu Anpon Electrochemical Co., Ltd.'s 20,000 t/a ECH (epichlorohydrin) p r o j e c t w a s c o m p l e t e d a n d commissioned.

T h e D i s c i p l i n e I n s p e c t i o n Committee of ChemChina held a c on fe rence , c onvey i n g t he principles of the Seventh Plenary C o n f e r e n c e o f t h e C e n t r a l C o m m i s s i o n f o r D i s c i p l i n e I n s p e c t i o n a n d t h e C e n t r a l Enterprises Discipline Inspection and Supervision Conference. At the meeting, the committee summed up and announced the commencement o f C h e m C h i n a ' s d i s c i p l i n e inspection and supervision work. ChemChina President Ren Jianxin addressed the meeting. (Above)

The Pres ident of ChemChina, Ren Jianxin made a survey tour of five enterprises in Shanxi and Henan Province and paid a visit to employees working during the New Year holiday.

At the 2006 National Science and Technology Awards Conference, the Clean Catalytic Phenol Alkylation Technology and Industrial Application Project of the Wuxi Resin Plant won the Second Prize for 2006 National Science and Technology Progress. Zhonghao Chenguang Research Institute of Chemical Industry was approved as an IPR (Intellectual Property Right) Demonstrat ion Enterprise by the State Intellectual Property Office (SIPO).

ChemChina's Committee on Science and Technology held its first meeting of all members. Ren Jianxin, President of ChemChina gave the keynote speech. (Left)

Mar. 7

Feb. 18

Feb. 27

Feb. 9

Jan. 30

Jan. 5

February 2008 2

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Chronicle of ChemChina in 2007

C h e m C h i n a h e l d a f o r u m f o r its female workers. ChemChina President Ren Jianxin attended t he mee t i n g and encou r aged the women to contribute to the deve lopment of a harmonious enterprise.

President of ChemChina Ren Jianxin, together with the President of China Construction Bank Zhang Jianguo, exchanged views on the bank-enterprise cooperation and unified assets management of ChemChina. ChemChina chose China Construction Bank as its financial advisor and d i scussed promot ing s t rateg ic cooperation in financial management, f inance, project construct ion, overseas listings and other aspects.

Sun Huashan, Deputy Director of the State Administration of Work Safety and his entourage toured ChemChina reviewing safety improvements. Ren Jianxin, President of ChemChina briefed him on the safety efforts of the Corporation.

ChemChina issued a document, Sugge s t i on s on Lea rn i ng f r om the Team-building Experiences of BlueStar Petroleum Co., Ltd. Tianjin Branch , directing all subsidiaries to study the success fu l exper iences of Tianjin branch, strengthen their own team-building and improve the qua l i ty o f employees and management.

Cosponsored by ChemChina, Hainan Provincial Government, German DECHEMA and HSBC HK, the 07 Bo'ao International Advanced Materials

Thanks to tireless efforts, Qenos Australia Pty. Ltd. won an award from the Australian Government for its outstanding water-saving achievements.

ChemChina held i t s CPC Party Delegate Conference in Beijing. The conference elected Ren Jianxin and three other delegates to represent ChemChina at the CPC Beijing-based Central Enterprises Conference. Yu Zhengsheng, Member of the Political Bureau of CPC Central Committee and secretary of Hubei Provincial CPC Party Committee, and Luo Qingquan, Governor of Hubei Province, accompanied by Meng Jianzhu, Secretary of the Jiangxi Provincial CPC Party Committee, and the Governor of Jiangxi Province Wu Xinxiong, made a survey tour of Jiangxi Xinghuo Organic Silicone Plant.

ChemChina Methods for Investment M a n a g e m e n t w a s i s s u e d a n d implementation began.

ChemChina President Ren Jianxin led an administrative level meeting to relay the content of the IT Solutions Conference held by SASAC (State-owned Assets Superv i s ion and Administration Commission) and to plan for ChemChina's Enterprise IT Solutions.

With approval of the Nat ional Development and Reform Commission (NDRC), ChemChina successfully issued corporate bonds of RMB1.5 bill ion. This was the first time ChemChina issued bonds under its name.

Forum was held in Bo'ao, Hainan. The Deputy Director of the NPC Standing Committee, Gu Xiulian, the Deputy Director of National Development and Reform Commission (NDRC), Zhang Guobao, Hainan Provincial CPC Party Secretary Wei Liucheng and the Chairman of China Petroleum and Chemical Industry Association, Li Yongwu all attended the forum. ChemChina President Ren Jianxin also delivered a speech at the forum.

Apr. 20Apr. 16

Mar. 15

Apr. 19

Apr. 7

Mar. 13

Mar. 9

Mar. 28Mar. 23Mar. 8

ISSUE 5 CHRONICLE OF 2007

February 2008

Chronicle of ChemChina in 2007

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ChemChina held a forum called Commemorat ion of Youth Day. More than 30 representatives from subsidiaries attended. ChemChina President Ren Jianxin and the CPC Party Committee Deputy Secretary of ChemChina Fu Xiangsheng addressed the forum. A National May 1st Labor Day Award was granted to the evaporation work section of the Chlor-alkali Plant of the Siping Haohua Chemical Co., Ltd., issued by the All China Federation of Trade Unions. In addition, the Chairman of the Board of Haohua South China (Guilin) Rubber Co., Ltd., Li Dongping, the Chairman of the Board of Cangzhou Dahua Group Co., Ltd., Ping Haijun and the Director of the PVC Plant of Shenyang Chemical Co., Ltd., Li Chunming were honored with National May 1st Labor Day Medals. Double Happiness Tyre Industries Corp Ltd. ' s 600,000 sets/year all-steel radial tire project was completed and put into production.

A ChemChina delegation attended the exhibition ACHEMASIA 2007. ChemChina President Ren Jianxin attended the ACHEMA Chemical Process and Engineering Forum and delivered a speech entitled Developing Advanced Chemical Materials Industry through Innovation and Cooperation. Qihua Group Co., Ltd. was under strict supervision by the State Environmental Protection Administration (SEPA) due to its published case of not treating sewage water in accordance with national standards.

An exp lo s i on occu r red i n the nitration section of the TDI (toluene diisocyanate) workshop of Cangzhou Dahua TDI Co., Ltd., a company major ity-owned by ChemChina Agrochemical Corporation. Five deaths and 80 injuries resulted. A full scale investigation into the accident was launched by ChemChina. China BlueStar Lehigh Engineering Corporation won the Second Prize for Chemical Industry Outstanding Engineering Design, the Third Prize for State Environmental Protection Techno l ogy Prog re s s and wa s classified as a State Environmental Protection Demonstration Project for its project to improve technology for coking sewage treatment for Nanchang Iron and Steel Co., Ltd.

Prov i s i ona l Methods o f ChemCh ina for Recruitment of Eligible Marketing P r o f e s s i o n a l s wa s i s s ued , and implementation was started.

ChemChina President Ren Jianxin made a tour to survey more than 10 subsidiaries of ChemChina in Shandong Province. He looked into production and operations, planning and construction, security and environmental protection, energy conservation and emission reduction, enterprise management and other issues. (Below)

ChemChina launched "safe production month" activities with the theme of Comprehensive Management and Security Protection. In order to improve production safety, all enterpr i ses took management actions on the basis of thorough investigation of potential safety hazards, promoting safety principles, complying with safety regulations and taking responsibility for security.

Two documents o f gu idance - Prov i s i ona l Methods o f ChemCh ina for Assessment of Ach ievements of Directors of Subsidiaries, and Provisional Methods of ChemChina for Managing the Compensation of Directors of Subsidiaries - were issued and implementation began.

The V i ce Cha i rman o f CPPCC National Committee Zhou Tienong (second from the left) made a tour of Shenyang Chemical Co., Ltd. reviewing energy conservation and emission reduction work. (Above) Construction of the 60,000 t/a POM project - phase I I o f the whole 200,000 t/a POM project of Shanghai BlueStar New Chemical Materials Plant - was formally launched at the Spark Development Zone in Shanghai.

ChemChina Agrochemical Corporation acquired a 70% stake in Jiangsu Huaihe Chemicals Co., Ltd. The new 800,000 t/a diesel hydrogenation project of Shandong Changyi Petrochemical Co., Ltd. was completed and began commissioning.

Jun. 12May. 28

May. 16

May. 1

Jun. 7

May. 14

Jun. 1May. 11Apr. 29

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Chronicle of ChemChina in 2007

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The Third Generation Municipal D r i n k i n g Wa t e r P u r i f i c a t i o n Process developed by BlueStar Water Treatment Co., Ltd. gained approval from experts and relevant depa r tmen t s o f t he Na t i ona l M e m b r a n e Wa t e r Tr e a t m e n t Technology Exchange Seminar.

The CPC Committee of ChemChina o r g a n i z e d p a r t y m e m b e r s t o celebrate the 86th anniversary of the founding of the CPC (Communist Party of China). Party members and activists visited the Anti-Japanese War Memorial Hall and reaffirmed their oath of joining the party.

ChemChina President Ren Jianxin and the Vice President Fan Xiaosen toured the construction site at Tianjin Lingang Industrial Area (TLIA). The CPC Committee Secretary of Tianjin Zhang Gaoli and Mayor of Tianjin Dai Xianglong met with Ren Jianxin. They talked in depth about ChemChina's project in TLIA.

The Labor Union of ChemChina started "F ive Smal l " act iv i t ies consisting of "small inventions, small designs, small reforms, small remakes and small proposals."

B l u e S t a r ( B e i j i n g ) C h e m i c a l Machinery Co., Ltd. (BCMC) won the bid for Jiangsu Electrochemical's 200,000 t/a ion-exchange membrane caustic soda project, becoming the first enterprise in China capable of delivering an ion-exchange caustic soda unit with scale as large as 200,000 t/a from design through manufacture and installation.

S A S A C ( S t a t e - o w n e d A s s e t s Supervision and Administration Commis s ion ) reas s i gned some ChemChina administrative directors. Du Guosheng became the Vice President and the CPC Committee Secretary of ChemChina.

Mr. Liu Tienan, Deputy Director of the State Council's Northeast China Revitalization Office, accompanied by ChemChina President Ren Jianxin, made a survey tour of BlueStar (Beijing) Chemical Machinery Co., Ltd. (BCMC). Mr. Liu encouraged the company to be active in independent R&D for innovation, and carry the domestic manufacture of chemical machinery to a higher level.

The Governor of Liaoning Province Zhang Wenyue toured Shenyang Chemical Co., Ltd. reviewing energy conservation and emission reduction efforts. China National Advanced Chemical Materials Corporation reorganized Hebei Shenghua Chemical Industry Co., Ltd. by increasing capital through enlarging share capital.

Three documents o f gu idance - Me thod s o f ChemCh ina on Aud i t Management of Project Construction, Provisional Methods of ChemChina on Consigning Social Commission Agency for Audit of Project Construction, and Provisional Methods of ChemChina on Audit of Economic Efficiency - were issued, and implementation started.

The Deputy Director of the State Administration of Work Safety Wang Dexue toured ChemChina. ChemChina President Ren Jianxin briefed him on ChemChina's development and the status of production safety. (Above) Approved by the Ministry of Science and Technology, the Southwest Research & Design Institute of Chemical Industry (SWRDICI) Laboratory of Comprehensive Utilization of Industrial Gas Emissions became one of China's first batch of National Level Key Laboratories to be established within enterprises. The world's first 100,000 t/a d i m e t h y l e t h e r d e v i c e u s i n g c rude methano l a s f eeds tock was commissioned and started operation. The project had technical support and engineering design from Southwest Research & Design Inst i tute of Chemical Industry (SWRDICI) and Sichuan Tianyi Science & Technology Co., Ltd. Southwest China Haohua Chemical Co., Ltd. successfully rebuilt its carbon tetrachloride unit into a tetrachloroethylene unit. This new technology was unprecedented in China.

ChemChina required its subsidiaries to organize special inspection teams to carry out in-depth investigations for hidden hazards in production.

Jul. 11

Jun. 28

Jun. 26

Jun. 22

Jul. 27

Jul. 5

Jun. 20

Jul. 3

Jul. 12Jun. 29

Jun. 16

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Chronicle of ChemChina in 2007

ChemChina he ld i t s Economic Operation Analysis Meeting for the first half year. In accordance with the principle advocated in the Central Enterprise Directors Seminar, Mr. Ren Jianxin initiated the work of the second half.

Over 100 new recruits of ChemChina's Beijing subsidiaries (2007 university graduates) received career training. The President of ChemChina, Ren Jianxin, and CPC Vice Secretary, Fu Xiangsheng, made speeches at the training. (Above)

ChemChina and Atos Origin signed a framework contract for global strategic cooperation. The President of ChemChina, Ren Jianxin, and the CEO of Atos Origin, Bernard Bourigeaud were present at the ceremony. The State General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) held the 2007 Conference on China's Top Brands and China's International Top Brand Commendations in the Great Hall of the People, Beijing. F ive products of ChemChina - Shenyang Chemical's "XingTa" PVC paste resin; Qingdao Rubber6 Group's "Rubber6" heavy-duty conveyor belt; BlueStar Cleaning's "BlueStar" vehicle antifreeze solution; Guilin Latex Plant's "GaoBang" rubber condom; and Aeolus Tyre's "Aeolus" full-steel radial tires - were honored as China Top Brands. China National Chemical Equipment Corporation (CNCE) was awarded a class-B license as a bidding agency of investment projects financed by the central government.

Chonche Group Nanjing 7425 Factory was awarded a DOT certificate (for passing Federal Motor Vehicle Safety Standards) from the US Department of Transportation (DOT) for selling its auto-parts products to the US.

In the Appraisal of China's Top 100 Professional Industrial Websites organized by 51Top100 (http://www.51top100.com), two websites sponsored by China National Chemical Information Center (CNCIC) - namely, China Chemical Information Net (www.cheminfo.gov.cn), and China Chemical City On Internet (CCCOI, www.chem.com.cn) - ranked second and third in the chemical sector.

ChemChina held a training class in Beijing for saving water. The directors and representatives in charge of energy conservation and emission reduction from more than 40 of ChemChina's biggest water-consuming subsidiaries participated in the training.

A meeting was held in ChemChina to convey the principles of the Central Enterprise Energy Conservation and Emission Reduction Conference. The President of ChemChina, Ren Jianxin directed the whole corporation to adopt these principles.

ChemChina and the US Blackstone Group estab l i shed a s t rateg ic partnership. Blackstone invested US$600 million (a 20% stake) in China National BlueStar (Group) Corporation. The combined strengths of ChemChina's chemical business and Blackstone's international capital operation will help build BlueStar into a world leading company in the fields of advanced chemical materials and specialty chemicals. (Right)

Two projects of S iping Haohua Chemical Co., Ltd. that were under- construction, - namely the 200,000 t/a ion-exchange membrane caustic soda project and the 200,000 t/a PVC (polyvinyl chloride) paste resin project - after gaining the approval of the National Development and Reform Commission (NDRC), were included in the third group of Nationally funded projects for revitalizing traditional industries in Northeast China. BlueStar Water Treatment Co., Ltd. won the bid to engineer the rainwater utilization for the Bird's Nest (the National Stadium) for the Beijing 2008 Olympic Games, and adopted advanced water treatment technology in keeping up with the goal of "Hi-tech Olympics."

Sep. 1

Aug. 23

Aug. 16

Aug. 6

Aug. 28

Aug. 25Aug. 4

Sep. 10

Sep. 11

The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) held a Central Enterprise IT Solutions Seminar at ChemChina HQ. The Deputy Director of SASAC, Mr. Li Wei addressed the seminar, and heard a report presented by Mr. Ren Jianxin representing the administrative officers of ChemChina.

Sep. 14

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ChemChina organized ten of its subsidiaries to exhibit at the China (Taiyuan) International Coal and Energy New Industry Expo (2007 CICEN Expo).

Sep. 16

Chronicle of ChemChina in 2007

The Vice Director of the National People's C o n g r e s s ( N P C ) Committee, Gu Xiulian, accompanied by the CPC Deputy Secretary of Jiangsu Province, Zhang Lianzhen, Vice Director of Jiangsu Provincial NPC, Bai Suning, the C P C S e c r e t a r y o f Nantong City, Luo Yimin, Nantong Mayor Ding Dawei, and President of ChemChina, Ren Jianxin, made survey tour of the construction site at BlueStar (Nantong) New Chemical Materials Base.

Oct. 2

ChemChina held a special meeting to advocate the principles of the Central Enterprise Intellectual Property Right (IPR) Conference, and deployed the IPR works of the company. The State Administration for Industry and Commerce listed the CraneTM of Southwest China Haohua Chemical Co., Ltd. as a Well-Known Brand in China.

Oct. 11

China National Advanced Chemical Materials Corporation reorganized Dezhou Shihua Chemical Co., Ltd. by acquiring 100% of its state-owned stocks previously held by the State-owned Assets Management Office of Dezhou City, Shandong Province. Fujian Sanming Double-Wheel Chemical Engineering Co., Ltd. received an A1-Level High Pressure Ves se l Manufac tu r ing L i cense authorized by the State General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ). Shanxi Synthetic Rubber Group was awarded a State High-Tech Enterprise Certificate. Hunan Yiyang Rubber & Plastics Machinery Group Co., Ltd. was authorized as a Supporting Enterprise for the National Level Enterprise Technology Center, jointly approved by five ministries and commissions including the National Development and Reform Commission, the Ministry of Science and Technology, the Ministry of Finance, the General Administration of Customs and the State Administration of Taxation.

Sep. 17

Provisional Regulations of ChemChina on Superv i s ion and Management of Eng ineer ing and Cons t ruc t i on was issued, and implementation began.

Sep. 30

The President of ChemChina, Ren Jianxin, met with Zhou Qiang, Governor of Hunan Province.

Oct. 23

The CPC Committee of ChemChina held a meeting for party members in Beijing. Ren Jianxin, the President of ChemChina and ChemChina's delegate to the 17th CPC National Congress, briefed the audience on the substance of the congress, and laid out plans in accordance with the latest directives. ChemChina held its Enterprise IT Solutions Meeting to kick off several pilot projects in BlueStar, involving financial transformation, continuous transformation, data transformation and ERP projects, etc.

Oct. 22

The Seventeenth National Congress of the Communist Party of China opened. ChemChina President Ren Jianxin attended as a national delegate.

Oct. 15

China National Advanced Chemical Materials Corporation (ACM Corporation) and the Japanese Mitsui & Co., Ltd. signed a CDM (Clean Development Mechanism) contract for nitrous oxide gas emissions purchase. It is expected that by 2012, Heilongjiang Heihua Group Co., Ltd. (a subsidiary of ACM Corporation) can eliminate gas emissions equivalent to 900,000 tons of carbon dioxide. (Left)

Oct. 15

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Chronicle of ChemChina in 2007

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ChemChina President Ren Jianxin, invited b y t h e l e a d i n g American periodical B u s i n e s s W e e k , a t t e n d e d t h e pub l i c a t i on ' s 1 1 th Annual CEO Forum, which was held in Beijing. In the forum, Mr. Ren met with Mr. Tony Blair, the former Prime Minister of the United Kingdom.

Nov. 7

Provisional Methods of ChemChina for Comprehens ive Budget Management was issued, and implementation was started.

Nov. 2

Provisional Methods of ChemChina on Safety Assessment Management was issued, and its implementation began.

Oct. 25

The Release Conference of the 7th Ranking of China's Largest Group Corporations and the 2nd Ranking of China's 500 Most Competitive Enterprises was held in the Great Hal l of the People in Bei j ing. According to the National Bureau of Statistics of China (NBSC), in 2006, ChemChina was listed 35th among China's top 500 largest group corporations and China's 100 leading group corporations; and 11th among the Central SOEs (State-owned Enterprises) based on composite index. Within the chemical industry, ChemChina ranked first.

Oct. 27

The President of ChemChina, Ren Jianxin, was invited to witness the launch of China's first lunar orbiter "Chang'e-I" in Xichang Satellite Launch Center. Mr. Ren exchanged ideas with relevant officials and attended celebrations together with top State leaders.

Oct. 24

T i a n j i n M a y o r D a i X i a n g l o n g , a n d ChemChina President Ren Jianxin laid the foundation stone at the formal groundbreaking of the BlueStar Tianjin Lingang New Chemical Material Base. A f t e r t h e g r o u n d b r e a k i n g c e r e m o n y o f t h e BlueStar Tianjin Lingang

Nov. 15

China's largest intermeshing GE580 Banbury mixer, developed and manufactured by Hunan Yiyang Rubber & Plastics Machinery Group Co., Ltd., passed acceptance testing.

Nov. 8

New Chemical Material Base, Zhang Gaoli, a member of the CPC Political Bureau and the Secretary of the Tianjin CPC Committee, arranged a meeting with the President of ChemChina, Ren Jianxin. Mr. Zhang expressed his support as well as thanks to ChemChina for building its largest advanced chemical material base in Tianjin Lingang Industrial Area (TLIA). He expressed hope that the Tianjin government will make every effort to help construction progress as scheduled. The Drying Technology and Equipment Engineering Technology Research Center, sponsored by Tianhua Institute of Chemical Machinery & Automation, won the approval of the Ministry of Science and Technology to become a National Engineering and Technology Center.

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Chronicle of ChemChina in 2007

The 36.00R51 giant all-steel radial engineering tires that were self-developed by Haohua South China (Gui l in ) Rubber Co. , Ltd. and listed in the State Science and Technology Supporting Program, were successfully manufactured. The products incorporated several patented technologies and other IPRs, unprecedented in this field domestically. Xinjiang Zhongtai Chemical Co., Ltd. launched its 120,000 t/a PVC unit and its 100,000 t/a ion-exchange membrane caustic soda unit. The reconstruction and upgrading of the soda ash unit of Xinjiang Chemical Group Co., Ltd. was completed successfully and this new 200,000 t/a unit went on stream.

Dec. 22

The President of ChemChina, Ren Jianxin, was invited by Peking University to give a special speech in the main meeting hall of the university. Mr. Ren's talk, "The Three-Word Principles of ChemChina's Overseas Acquisition," was ardently welcomed by students and attracted attention from the media and from scholars. (Above)

Nov. 28

C h e m C h i n a p u t f o r w a r d a management idea of "zero discharge" as a strategic measure to intensify energy conservation and emission reduction in accordance with the Scientific Development Concept, striving to build a resource-saving and env i ronmenta l l y f r i end l y enterprise. The Director General of the State Administration of Work Safety, Li Yizhong made survey tour of Harbin Petrochemical Co., Ltd. After hearing a report on production safety, he affirmed Harbin Petrochemical's achievements and encouraged the company to further strengthen its management of safety and worker health.

Nov. 22

The annual meeting of ChemChina was held in Beijing. President Ren Jianxin gave a keynote speech about advancing the pace and quality of growth. In his speech, Mr. Ren reviewed the development of the three year old ChemChina and the achievements of 2007. He also outlined what should be done in 2008. At the conclusion, the CPC Committee Secretary of ChemChina, Du Guosheng summar i zed the meeting. (Above)

Dec. 29

Provisional Methods of ChemChina on Assets Management was issued, and implementation began.

Dec. 10

A large meeting about ChemChina's preparation for the company's 2007 final accounting and for training related to the new accounting s tandard was he ld in Be i j ing. ChemChina President Ren Jianxin addressed the meeting. Harbin Petrochemical Co., Ltd. successfully completed its 20,000 t/a maleic anhydride (MA) technology improvement project. The new unit came on stream. Haohua Yuhang Chemical Co., Ltd. put its 200,000 t/a PVC unit and 200,000 t/a ion-exchange membrane caustic soda unit on stream. Zhenghe Petrochemical Co., Ltd.'s 120,000 t/a acrylic acid and ester project (phase I) was completed and commissioned.

Nov. 30

ChemChina decided to make China BlueStar Petrochemical Corporation its directly managed subsidiary.

Dec. 19

ISSUE 5 CHRONICLE OF 2007