On March 24 evening, 10 thousand China chemistry releases invest announcement external: According to 10 thousand China chemical group Inc. is held 80% , investment Inc. sheaths or bow case to oppose a 20% scale in Ning Bo, plan to create new joint-stock company, protocol name “ 10 thousand China chemical (Fujian) ”(of new material limited company is accurate) with industrial and commercial check and ratify eventually, register capital gold 3 billion yuan of money, both sides general with cash means contributive. According to the program of the company, future will be in area of economy of city of harbor of Fujian river shade east catenary of industry of area program petrifaction, dehydrogenation of propane of initial program PDH makes propylene and propylene downstream industry catenary. This second establish 10 thousand China chemical (Fujian) new material limited company, basically be in charge of east of area project push the work.

One 　 invests overview 　 　 external (one) the fundamental condition 　 that invests external 10 thousand China garden of chemical Fujian industry has industrial position to basically be area of economy of city of Jiang Yin harbor on the west area (“ of the following abbreviation on the west area ”) polyurethane is relevant project, include: 1. 10 thousand China petro-chemical group limited company is in chemical group Inc. and Fujian Province area of economy of city of Jiang Yin harbor on the west area according to 80% , 20% oppose a scale joint-stock established 10 thousand China chemical (Fujian) limited company (“ of the following abbreviation 10 thousand Hua Fujian ”) , 10 thousand Hua Fujian basically is in charge of gas of TDI, PVC, synthesis and sky of form a complete set the device such as cent, liquefied ammonia, aniline and dock construction; 2. 10 thousand China chemical (Fujian) limited company and employee run a company sheath or bow case in Ning Bo investment Inc. (sheath or bow case in Ning Bo of “ of the following abbreviation Yi Tong of ”) , Fujian invests limited company to be pressed respectively 64% , 20% , the equity scale hold of 16% former Fujian Kang Naier different, buy after finishing more the name is 10 thousand China chemical (Fujian) ester of different cyanic acid limited company (”) of company of ester of cyanic acid of different of “ of the following abbreviation, main and responsible MDI advocate plant construction and ministry allocation cover public project. According to the program of the company, will not will be in area of economy of city of harbor of Fujian river shade east area (“ of the following abbreviation east catenary of industry of petrifaction of area ”) program, dehydrogenation of propane of initial program PDH makes propylene and propylene downstream industry catenary, use east the petrifaction resource of the area can be formed on the west the raw material origin of area project, implementation east area and the interconnection each other of the area is connected on the west, each other of thing area raw material is supplied to swim up and down, share establishment of fundamental form a complete set, promote raise garden area benefit to be changed greatly. Be based on east area, on the west existence raw material reachs the stock each other such as public project to offer between area project, and at present the area buys the equity framework after finishing on the west, the area invests the equity framework of main body east, draft according to 10 thousand China chemical group Inc. is held 80% , investment Inc. sheaths or bow case to oppose a 20% scale in Ning Bo, create new joint-stock company, protocol name “ 10 thousand China chemical (Fujian) ”(of new material limited company is accurate) with industrial and commercial check and ratify eventually, register capital gold 3 billion yuan of money, responsible east of area project push the work. (2) the 2nd times the conference discussed the 8th board of directors that the company held on March 24, 2021 2021 through " about holding water 10 thousand China chemical (Fujian) of new material limited company second reading " , need not concern sectional approval via shareholder plenary meeting and government. (3) this second invest not to belong to correlation to trade to recombine item with major asset external. The 　 of fundamental condition 　 of principal part of agreement of 2 　 investment (one) sheath or bow case in Ning Bo property of company of investment Inc. 　 : 　 of finite liability company registers the ground: Legal representative of 　 of room of 405-1 of Hai Guanglou of developing zone of big a pavilion or house on a terrace of city of Zhejiang province peaceful wave: 　 of Di Hongru registers capital: 40, 　 of 0 yuan of money scope of operations: Be engaged in investing an activity with own reserves. (2) sheath or bow case to run a company for employee in Ning Bo, held water on March 2, 2020, at present hold 10 thousand China chemical (Fujian) ester of different cyanic acid limited company 20% equity. (3) sheath or bow case in Ning Bo with appear on the market between the company the related concern of the respect such as debt of nonexistent property right, business, asset, creditor's rights. (4) sheath or bow case in Ning Bo 2020 end capital total 443, 631, 282.03 yuan, net assets 399, 957, 446.41 yuan; 2020 year business income 0 yuan, net profit - 42, 553.59 yuan. Above data without audit. The fundamental condition 　 of mark of 3 　 investment this second invest external according to 10 thousand China chemical group Inc. is held 80% , sheath or bow case in Ning Bo investment Inc. opposes a 20% scale, create new joint-stock company, protocol name “ 10 thousand China chemical (Fujian) ”(of new material limited company is accurate) with industrial and commercial check and ratify eventually, register capital gold 3 billion yuan of money, both sides general with cash means contributive. According to the program of the company, future will be in area of economy of city of harbor of Fujian river shade east catenary of industry of area program petrifaction, dehydrogenation of propane of initial program PDH makes propylene and propylene downstream industry catenary. This second establish 10 thousand China chemical (Fujian) new material limited company, basically be in charge of east of area project push the work. 4 　 invest external to appearing on the market the influence 　 of the company this second invest external, can assure already 10 thousand China chemical with not under project of dominant of area equity scale is built on the west, can bring into play effectively again 10 thousand China chemical staff initiative, assure east the area, evenhanded sex that main body of area legal person trades on the west, change greatly assure to appear on the market company profit.