Sinochem International: Wholly-owned subsidiary intends to establish a joint venture company with affiliated parties with a total investment of 5 million yuan.

Sinochem International announced that its wholly-owned subsidiary Sinochem Plastics plans to jointly invest with affiliated companies Luxi Chemical and Cangzhou Dahua to establish Sinochem Polycarbonate Sales Co., Ltd. with a registered capital of 5 million yuan. Luxi Chemical will contribute 2.55 million yuan, accounting for 51%; Cangzhou Dahua will contribute 1.5 million yuan, accounting for 30%; Sinochem Plastics will contribute 950,000 yuan, accounting for 19%, with all three parties contributing with their own funds. The transaction has been approved by the board of directors and aims to integrate sales resources, improve synergy efficiency, and reduce costs, with no significant impact on the company's financials for the time being.