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ANNUALREPORT2013

Creating Value Pursuing

exCellenCe

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62

CONTENTS

PRESIDENT’S MESSAGE

ABOUT SINOCHEM

MANAGEMENT REPORT

BUSINESS OVERVIEW

CORPORATE CITIZENSHIP

KEY EVENTS

FINANCIAL STATEMENTS

DIRECTORY

0302 2013 ANNUAL REPORT

Liu Deshu

President and CEO

At present, the third industrial revolution is thriving and traditional industries have made an in-depth merge with new economy to produce many more efficient new business models. In the meantime, Chinese economy has entered into a new and critical stage featured by transformation and upgrading. To undertake an all-out and thorough reform has become the consensus of the Chinese nationals, forming a new wave promoting transformation. Faced with such an important historical era, we need proactive government, efficient market and most importantly, responsible enterprises if the Chinese economy is to complete the reform. As an enterprise with lofty goals, we are keenly aware of our missions and obligations, and strongly believe that we must become more market-oriented and bolster our competitiveness to grasp development opportunities and achieve an ever-lasting business glory.

In 2013, faced with the headwind from economic doldrums and depressed markets, Sinochem has taken the initiative to pursue development while maintaining stability. By advancing business operation, enhancing management and promoting transformation, we have maintained a stable development momentum and solidified our competiveness and industrial influence. “The history is where we come from”. For more than a decade, we have been sticking unswervingly to a unified target, unequivocal strategy and effective management, adamantly advancing strategic transformation, strenuously enhancing our capability and business quality. All these efforts have laid the ground for what we are today. Sinochem’s development is attributed to our employee’s hard work and also inseparable with the help and support from all sectors of society. Hereby, I would like to extend my great appreciation for all our friends offering these quintessential care and support to us!

The year 2014 is the year of “climbing hill” during Sinochem’s big drive of the “Third Long March”. By riding on the momentum of China’s initiative of comprehensive and in-depth reform, we will continue to adopt the development mindset featuring “proactive, stable, sustainable and healthy”. We will also stick to our development approach with market orientation, resources and technology as underpins, lean management as safeguard to promote Sinochem’s sustainable development. Meanwhile, as a corporate citizen, we will also perform our social responsibility. By creating value for the nation, the society and the clients, we are assiduously pursuing for the vision of becoming a respectable company with global status.

It is our great joy and pleasure to join hands with all our friends around the globe to create our common beautiful future together.

PRESIDENT'S MESSAGE


AbOuT SINOChEM

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

Sinochem’s core businesses are energy, agriculture, chemicals, real estate and financial service. It is one of China’s four state oil companies, China’s biggest agricultural input (fertilizer, seed and agrochemicals) company, and China’s leading chemical service company. It also has strong influence in real estate and non-banking financial service sectors. As a global conglomerate with market orientation, Sinochem’s quality product and service is relevant to many aspects of mass economy and people’s well being. Its brand enjoys high reputation and acknowledgement around the world.

Sinochem currently owns more than 300 subsidiaries inside and outside China. It controls several listed companies, including Sinochem International (SH, 600500), Sinofert (HK, 00297) and

Franshion Properties (HK, 00817), and is the largest shareholder of Far East Horizon (HK, 03360). In June 2009, Sinochem Group established Sinochem Corporation as the vehicle for potential group IPO.

Sinochem Group is China’s earliest entrant in Fortune Global 500 and has been included in the list for 23 times. It was ranked the 119th in 2013. Through years of strategic transformation and management overhaul, Sinochem has maintained sustained, healthy and rapid development. Sinochem has been rated by SASAC as “top A corporate performance” for 9 years in a row and it has been listed in “World’s Most Admired Companies” by Fortune for 2 consecutive years, both ranking the first in Trading Industry List.

Sinochem’s vision is to become a respectable company with global influence, Sinochem’s 50,000 employees will follow the corporate philosophy of “Creating Value, Pursuing Excellence”, shoulder social responsibility as a corporate citizen, and adopt scientific development approach to realize sustainable business potency, and to create value for our stakeholders and the society.

One of China’s four state oil companies

China’s biggest agricultural input (fertilizer, seed and agrochemicals) company

China’s leading chemical service company

China’s earliest entrant in Fortune Global 500

04


MANAGEMENT REPORT

Sinochem’S ViSion

To become a respectable company with global status

Sinochem’S miSSion

To become the industry model featuring advanced technology,resources

reservation and environmental friendliness

To become an important driving force safeguarding China’s energy security,

agricultural security and promoting chemical industrial upgrading

To become a respectable company with global status and great social

responsibility.

Sinochem’S DeVeLoPmenT STRATeGY

One Ability: the ability to develop in a sustainable way;

Two Fundamentals: internal management and external expansion;

Three Links: resources, technology and market;

Four Pathways: innovation, integration, M&A, and collaboration;

Five Key Areas: energy, agriculture, chemical, real estate, and financial service.

06


466.9Total sales revenue

billion RMB

10.87Total profit

317.8Total asset

The year 2013 is a memorable year for Sinochem Group. Our core businesses have been facing with challenges like industrial oversupply, shrinking market demand, plummeting prices and heated competition. However, Sinochem have taken the initiative to develop its business while keeping a stable posture, adamantly promote its strategy implementation. By rounding up our potentials and further improving our management, we have maintained a balanced and healthy development momentum and made new progress for our works.

STAbLe GRowTh foR buSineSS oPeRATion

In 2013, we have maintained stability with respect to our operational performance and quality. Throughout the year, Sinochem has realized the total sales revenue of RMB 466.9 billion with before-tax profit of RMB 10.87 billion. Our profit has kept above the threshold of 10 billion Yuan for consecutive 3 years. The total asset has reached RMB 317.8 billion with solid financial footing and high asset quality.

Facing with the adverse external environment, we have reinforced the frequency as well as the strength of operation monitoring. By making pre-emptive judgment and meticulous arrangement, we strengthen the guidance of our subsidiaries’ business operation, leading all the employees to make concerted efforts to overcome the difficulties. Our business units followed the “high-performance” doctrine and actively explored the business frontiers to fulfill the performance target and key development projects.

Under the backdrop of grim macro-economic conditions in 2013, Sinochem still managed to keep strong profitability, which illustrates the achievement we have made after years of strategic transformation and management overhaul. Our diversified business portfolio has demonstrated its resilience and has proved to be essential underpinning the company’ development at current strategy.

new bReAkThRouGh foR STRATeGic TRAnSfoRmATion

In 2013, we have strenuously pushed forward our strategic transformation. Sticking to the key links of industrial value chain, we have made some milestones.

In energy segment, Quanzhou petrochemical, the key refinery project with capacity of 12 million t/a, has started its operation after 8 years of construction and is projected to reach its full capacity by the end of 2014. We have made our entry into America’s shale oil/gas fronts for the first time in history and kicked off Zhoushan National Oil Inventory’s expansion project. We have added more than 100 gas stations in our downstream oil assets portfolio. In agriculture segment, Sinofert has signed new off-taking agreement with world’s major producers like APC, PotashCorp, Uralkali to secure the supply channel. In the meantime, China National Seeds has deepened its partnership with Monsanto

and participated into China’s first Seed Industry Investment fund sponsored by the Chinese government. In Chemical segment, we have become the largest shareholder of Jiangsu Yangnong Chemical Group. Our subsidiary Sinochem International completed its value chain in agrochemical and specialty chemical sector. It also accomplished its first share placement since its IPO. Sinochem Lantian has made major technology breakthrough in its specialty film development to realize a contiguous production. In real estate segment, Franshion Property has acquired new land reserves in Beijing, Shanghai, Guangzhou, Changsha and Ningbo etc. In financial segment, Far East Horizon, our leading financial leasing company, has accelerated its industrial maneuvering and FOTIC, one of China’s major trust companies, has reinforced its product development and service innovation to sharpen its competitive edge.

mAnAGemenT SkiLL conTinueS To imPRoVe

To safeguard our strategic transformation and business development, we have extended our management drive circling with securing resources, managing risks, lowing cost, enhancing efficiency, working safety and engineering management. By further solidifying management foundation, we have elevated the management level.

We have targeted our company as a lean company with lean ideology and culture. We have been incessantly applying Management Enhancement Act, solidifying basic management, streamlining management system and enhancing synthetic management capability. With respect to securing our resources, through corporate bonds, sustainable hybrid securities and reserve-based financing, we have raised a great amount of money with long maturity and low financing cost by various means, providing sufficient funding support to our key projects. With respect to risk management, we have beefed up the management of the inventories as well as receivables to effectively control the downward price risks. We have also conducted the refining works of internal control system, formulating Sinochem’s first Internal control dossier consistent with COSO standard. In terms of quality management, the headquarters’ quality management

system have been officially put into operation and started to be

adopted by the subsidiaries. In terms of cost retrenchment and

profitability enhancement, we have encouraged our business units

to explore their respective cost management methods to control

the costs and enhance profitability. The head office has established

its concentrated procurement platform to standardize its

procurement activities. In terms of team building, we have made a

census of talented people within the group and build up top-down

back up teams including different tiers of talented people. We have

held roundtables like “Youth Talents Training camp” and “Molding

Distinguished Leaders” to enhance the leadership skill for our key

managers.

Catering to the needs of strategic transformation, we have

focused on work safety and engineering quality management.

We have conducted the across-the-board work safety inspection

with unprecedented scale and magnitude. We try to ascertain

the potential risks as well as their root causes and make through

correction. We have organized special taskforce to conduct

engineering quality inspections to ensure the stability of projects’

quality.

The year 2014 is another crucial year for Sinochem Group’s strategic transformation and the “Third Long March”. We will follow the general guidance of “Making Progress while keeping Stability” to continue our reform and innovation. We will keep sinochem’s distinctive development roadmap with market momentum as our orientation, resources and technology as underpins and lean management as safeguard. By sticking to the principle of “proactive, stable, sustainable and healthy”, we will strive to reinforce the quality and profitability of development, making a new landscape of Sinochem’s strategic transformation and the Third Long March.

billion RMB

billion RMB

Operation Revenue In 2004-2013(On Hundred Million Yuan) Annual Profit In 2004-2013(On Hundred Million Yuan)

Total Assets In 2004-2013(On Hundred Million Yuan) Net Worth In 2004-2013(On Hundred Million Yuan)

200

800

400

600

1200

1000

110204

263408

479

667764

873974

1135

2007 2008 2009 2010 2011 2012 20132004 20062005

500

1000

1500

2000

2500

3000

3500

546 631 695

10871355

1716

2115

25822866

3178

2007 2008 2009 2010 2011 2012 20132004 20062005

40

20

60

120

140

100

80

2007 2008 2009 2010 2011 2012 20132004 20062005

28.1 32.4

43.8

85.8 87.8

61.4

90.8

134

106.7 108.7

1000

2007 2008 2009 2010 2011 2012 20132004 20062005

2000

3000

4000

5000

1687 1728 18422297

3090

2430

3353

4590 4532 4669


Exploration and Production

Oil Refining

Oil Trade

Warehousing and Logistics

Distribution and Retailing

Fertilizer Business

Seed Business

Agrochemical Business

Fluorine Chemical

Natural Rubber and Rubber

Chemical

Fine Chemical

Chemical Logistics

Petrochemical Feedstock

Pharmaceutical Chemical

Project Development

Commercial Leasing

Hotel Operation

Retail Business Development and Operation

Financial Leasing

Trust Business

Securities Investment

Fund

Finance Company

Life Insurance

Futures Brokerage

buSINESS OvERvIEw

Upholding our core philosophy of “Creating Value, Pursuing Excellence”, we speed up the transformation of our core businesses and sharpen our edge in the key links. By doing so, we see our five major business segments, including energy, agriculture, chemical, real estate and financial service, grow stronger and better, our corporate value increased and our presence in related industries notably enhanced. We play an active role in industrial upgrading and national development.

EnErgy BusinEss

ChEmiCal BusinEss

rEal EstatE BusinEss

FinanCial BusinEss

agriCultural BusinEss

10


Syria

Sinochem International Oil (London)Co., Ltd.

Sinochem Oil (Thailand) Co., Ltd.China

USA

Colombia

TunisiaUAE

Yemen Indonesia

Sinochem Oil Co., Ltd.Representative O�ce In Taiwan

Sinochem International Oil (Singapore) Pte., Ltd.Ecuador

Brazil

Sinochem Oil Co., Ltd.Sinochem Industries Co., Ltd.

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

Headquarter Oil Trading BranchesExploration and Production Projects

ENERGy buSINESS

As a national oil company, we, by drawing on our more than sixty years of abundant experiences in oil business, supply oil and gas resources for social and economic development, vigorously participate in the construction of the national strategic oil reserve bases and the research for national energy development planning, and play an increasingly important part in the energy market of China and beyond.

In the past decade, while enhancing our competitiveness in the international oil trade and petrochemical warehousing and logistics, we also extended our industry value chain upstream and downstream to strengthen the sustainability of our oil business. At present, our energy business covers the complete industry value chain, from oil and gas exploration and production, oil refining, oil trade, warehousing and logistics, to oil distribution and retailing. We have become a large energy company with robust international operation and complete industry value chain.

In the past year, we pressed ahead with our strategy, enhanced the synergy created across our industry value chain and consolidated our competitiveness in the industry. Breakthroughs were made in our upstream business in North America and in shale oil sector, with stable growth in oil and gas output and assets base; Quanzhou Petrochemical project independently invested by us had come into operation; our oil trade model was improved and structure further optimized; our warehousing business reached a record high with new projects progressing stably; and our capacity for refined oil distribution and retailing service grow rapidly.

ExPLORATION AND PRODUCTION

OIL REFINING OIL TRADE WAREHOUSING AND LOGISTICS

DISTRIBUTION AND RETAILING

Distribution of E&P Projects and Oil Trading Branches


30 12million ton/year

6001000

500

2009 2010 2011 2012 2013

1500

2000

2500

3000

13.74

17.7422.01

23.2725.13

exPLoRATion AnD PRoDucTion oiL RefininG

At the beginning of the 21st century, we formulated the strategy of extension to the upstream sector of the oil industry, and we are committed to oil exploration and development worldwide. The company has its focus on two strategic regions: the Middle East and the Americas, with 34 contracted oil and gas blocks in the United States, Brazil, Colombia, the United Arab Emirates, Syria and China's Bohai Bay; we have oil and gas development rights to a net equity lease area of about 82,800 acres in the Permian Basin of the United States, with 600 million barrels oil equivalent of 2P (proven and probable) oil and gas reserves. In terms of project type, we are either non-operators or operators depending on projects, with projects located both onshore and offshore, and the business scope has expanded from mainly development to both exploration and development. Our products include light oil, heavy oil and natural gas, and we are now an important player in the field of International exploration and development, and are moving steadily to become an independent oil company with unique advantages.

We started oil refining business in the late 1980s. At present, the three refineries we have invested have a combined refining capacity of nearly 30 million tons per annum. The 12 million ton/year Quanzhou Petrochemical, which we independently invested and constructed, will come into operation in 2014. We are the largest shareholder of Dalian West Pacific Petrochemical Co., Ltd. (WEPEC), China’s first Sino-foreign joint venture refinery. In 2010, we made investment in Shandong Hongrun Petrochemical Co., Ltd (Hongrn Petrochemical).

Sinochem Quanzhou 12 million ton/year refinery project is one of the key projects to come into operation during one of China's "Twelfth Five-Year Plan" period. It is a world-class project with leading position in China, and we are committed to building a large, efficient, environmental-friendly, healthy and safe modern petrochemical enterprise that will develop sustainably. Our main products are gasoline, diesel, kerosene and polypropylene and other petrochemical products, of which gasoline and diesel will meet Euro V standards. With all this, we will become one of the most competitive refining companies in the industry. With follow-

In 2013, we not only increased our access to oil and gas resources and recoverable reserves, but also enhanced our exploration ability, paving way for the long-term sustainable development. Our oil and gas production totaled 25.13 million barrels oil equivalent, a year-on-year increase of 8%. We acquired 40% equity interest of shale oil and gas reserves in Wolfcamp from Pioneer Natural Resources Company in the United States, made breakthroughs in our upstream business in both North America and shale oil field; we cooperated with Columbia state oil company in exploring three new blocks of Nogal and Cardon and Manzano along the Caguan River.

The company was rated as “Class A Operator” by the Brazil National Petroleum Agency, and is qualified for operation in land, shallow water and deep sea areas in Brazil. At the same time, we are also granted the qualification for gas exploration in China, which laid the foundation for us to implement the “coming back” strategy, and explore domestic business.

up projects coming on line, Sinochem Quanzhou will become a world-class integrated refining base in the future with crude oil processing capacity of 30 million tons a year.

The project will further improve Sinochem’s industry value chain of its oil business and enhance the company's competitiveness; it will also improve the country's energy industry layout, serving as driving force for the Coastal Economic Zone West of Taiwan Strait.

WEPEC is able to process high sulfur crude oi l and is a hydrogenated refining enterprise, with crude oil processing capacity of 10 million tons a year. It produces more than 10 varieties and more than 30 kinds of oil and chemical products. Hongrun Petrochemical has crude oil processing capacity of 5 million tons a year, and is able to store 800,000 tons of crude oil and refined oil; its coastal oil storage has capacity of 4 million cubic meters, with crude oil bonded warehouse qualification; the Huangdao-Weifang pipeline built by the company extends a total of 176 km, with designed transportation capacity of 15 million tons a year, and has been put into trial operation in August 2013.

2009-2013 Equity Oil Production of SinochemUnit: million barrels (Oil Equivalent)

2P (proven and probable) oil and gas reserves Refining capacity Refining capacity of Sinochem Quanzhou Petrochemical

million barrels oil equivalent of million ton/year


25

600

60

oiL TRADe wARehouSinG AnD LoGiSTicS DiSTRibuTion AnD ReTAiLinG

Oil trade is Sinochem’s traditionally strong business. Based on its sound cooperative relationships with governments and national oil companies of many oil-producing states, we have sound access to overseas oil resources and with long-term crude oil contract of over 40 million tons per annum.

By virtue of good reputation and advantages in business channels and techniques, we provide quality crude oil and professional services for domestic and foreign customers. We are now a crucial supplier of crude oil to refineries in China, Southeast Asia, Europe and North America. We are also engaged in import agency service and self-operated businesses of aviation fuel, naphtha, duty-free marine diesel and other light oil.

To ensure smooth operation of the oil trading business, we work with large international ship-owner companies to provide customers with convenient and efficient charter services. Currently, we own five super tankers ( VLCC), and are able to provide professional oil transportation service.

In 2013, our total operation amount of crude and refined oil globally is near 60 million tons, and the ration of import and entrepot trade is about 1:1.1.

At present, we are operating, developing, constructing and managing approximately 25 million cubic meters of petrochemical storage space, which form a storage and logistics network covering Yangtze River Delta, Pearl River Delta and Bohai Bay area. We also have a series of jetties, ranging from 3,000 MT class to 300,000 MT class, to support the logistics network. We are the largest third-party petrochemical storage and logistics service provider with the strongest service capacity in China.

Relying on our complete petrochemical storage and logistics network, we supply crude and refined oil as well as chemical warehousing and transportation service to Bohai Bay area, Yangtze River Delta and Pearl River Delta, which are the most developed regions with the largest oil consumption in China. By doing so, we also ensure the stable operation of the refined oil market and refineries in those regions. In addition, we are also entrusted by the government to build the national strategic crude oil reserve base and refined oil reserve base, making contribution to China’s oil security.

In 2013, our storage facilities handled over 43 million MT of products, a record-high throughput in our history.

Sinochem has formed a refined oil distribution network in main markets and core cities in Northeast China, North China, East China and South China. The retail stations network independently built by Sinochem in Fujian, Shandong and Guangdong are expanding rapidly, and so does the network we roll out together with Total Group around Bohai Bay and Yangtze River delta region. Meanwhile, we are spreading the distribution network further into Shanxi, Anhui, Jiangxi and Hunan in inland China.

By the end of 2013, we have opened and constructed around 600 retail stations. The brand “Sinochem” enjoys growing reputation and market influence.

In the future, we will continue to promote the coordinated development of the oil business chain, improve our scale and market competitiveness, and strive to develop into a prominent international oil enterprise with a number of quality oil and gas assets, large and world-class refinery projects, and strong and sustainable operational capability in global market, so as to promote the oil industry in China and contribute to the development of world energy.

Total operation amount of crude and refined oil

million tons million cubic meters

Petrochemical storage space approximately

Gas stations


AGRICulTuRAl buSINESS

Sinochem Group is the largest central SOE operating all the three important agro-inputs, including fertilizer, seed and agrochemicals. With advanced technology, premium products and professional services, we are committed to becoming the world-leading comprehensive service provider for agro-inputs, and making contribution to the grain security and agricultural development in China and worldwide.

Our fertilizer flagship Sinofert Holdings Co., Ltd. (Sinofert) is the largest fertilizer supplier and distributor in China, with its business covering the complete industry value chain of resource development, R&D, production, distribution and agronomic services. It is playing a significant role in stabilizing the domestic fertilizer supply and facilitating China’s agricultural development.

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

Our agrochemical business integrates R&D, production, sales and technology service, with our overall competitiveness ranking among top players in the industry. While solidifying our advantageous position in trade, we keep enhancing the key links on the agrochemical industry value chain, and supplying the market with highly-efficient, low-toxic, and environmental-friendly products and professional services. By doing so, we are becoming an important force to support China’s agrochemical industrial upgrading.

FERTILIZER BUSINESS

SEED BUSINESS

AGROCHEMICAL BUSINESS


Nitrogen Fertilizer Company

Potash Fertilizer Company

Phosphate Fertilizer/ Chemical Company

Specialty Fertilizer Company

Areas Covered By Distribution Network

Compound Fertilizer Company

01 Sinochem Changshan

02 Jinmei Tianyuan

03 Yangmei Pingyuan

04 Sinochem Yantai Crop Nutrition

05 Sinochem Shandong Fertilizer

06 Sinochem Zhisheng

07 Sinochem Oriental Fertilizer

08 Sinochem Fuling

09 Gansu WengFu

10 Sinochem KaiLin

11 Tri-circles Sinochem

12 Tri-circles Sinochem Mosaic

13 Sinochem Yunlong

14 Salt Lake Industry

feRTiLizeR buSineSS

With the vision of “becoming the globally leading supplier for agro-inputs and agronomic services”, Sinofert, operates in resources development, R&D, production, distribution, and agronomic services. It has become an important driving force for industrial progress. In 2013, our fertilizer sales volume reached over 16.28 million tons , consolidating our position in the industry.

In terms of fer ti l izer production and upstream resource development, Sinofert, by dint of its abundant resource reserves and advanced technologies, provides high-quality fertilizer products and promotes the industry’s progress. It has controlled and patcipated in 14 fertilizer production companies. With production capacity exceeding 12 million tons per year, the company maintains its position as China’s largest fertilizer producer. Sinofert also has the most complete range and varieties of fertilizers in China. Its products span nitrogen, phosphate, potash, compound fertilzer, micro-element fertilizers, specialty fertilizers, slow release fertilizers, biofertilizers and other new types of fertilizers. It own over 300 million tons of phosphorite resource, and is the only enterprise in China able to manufacture 300,000 tons of feed-grade MDCP and MCP of the international standard per annum. In 2013, Sinochem Yunlong Co., Ltd., under Sinofert, extracted 620,000 tons of phosphorite, paving way for connecting phosphate fertilizer and phosphorus chemical in the industry value chain.

As to fertilizer import business, we keep cooperative relatinship with major global fertilizer producers and strengthen our overseas procurement ability, and remains the largest fertilizer importer and major importing channel for China, playing a constructive role in stabilizing the supply for fertilizers as well as balancing overall market supply and demand. Meanwhile, we are one of the major participants in China’s annual potash import negotiation, playing

a constructive role in securing the import of potash into China and keeping its price at a low level.

In the areas of distribution, storage and logistics, Sinofert has further enhanced its distribution services and intensified efforts to devolp primary level markets. By the end of 2013, we have set up a comprehensive service network made up of 17 provincial branches and over 2100 distribution centers, covering 95% of China’s arable land. In addition, with 500 distribution warehouses, the company is albe to store 2 million tons of fertilizers, playing a significant part in ensuring product quality, providing convenient distribution service and reducing logistics cost, and gradually forms a holistc logistic system featuring safety, convenience and low cost

In terms of agronomic services, we have set up an agronomists ser v ice system that cons ists of agronomic k nowledge dissemination, onsite service and instruction, and soil testing fertilization service to help improve planting techniques and increase harvest. In 2013, we continued to work together with the Ministry of Agriculture (MOA) to set up a total of 170 field schools, which provide assistance to farmers of more than ten thousand. In the process of the campaign of “Technology in Action—Increasing Yield and Income for North China Corn Planters”, we cooperated with MOA to hold “Sinochem Cup Corn King Challenge”, and the aim of increase yield by 100 kg and income by 200 Yuan Per Mu is fulfilled in 35 million Mu of corn field in the three provinces and a district in Norheast China. The company cooperated with the Department of Plantation Management of the MOA to promote the demostration county of formula fertilizer, and strive to conduct full cooperation in the areas of fertilizer formula formulation and release, supply and docking of formula fertilizer, promotion and training of scientific fertilization, and fertilization guidance within three years. Meanwhile, we set up more than 5,000 technologiy

demonstration zones across in China, give fertilization techinique lectures, onsite guidance, market promotion and other activities. In 2013, Sinfert held more than 6,000 service activities, provide more than 50,000 free tests of soil samples, serving over 1 million farming households. At the same time, the company actively explore a holistic solution to crops, erecting high yield and high efficiency agricultural demonstration fields. In 2013, we established over a thousand pieces of demonstration fields, affecting more than 1.1 million farmers.

For technology innovation, under the guidance of the strategy of “technological innovation to serve the industy”, we have established Chengdu R&D center, Sinochem Subcenter of National Center for Biological Engineering Technology, and three subsidiary-level research centers and four enterprise technological centers.

Sinofert’s annual investment for technology innovation surpasses

RMB 100 million, mainly for energy conservation through

production process improvement, critical technology research,

new fertilizer development, technology service and promotion. In

2013, we applied for 31 patents and 16 applications were granted

the patents. In new technology development, we developed

refining technology for wet-process phosphoric acid. In terms of

new product development, we invigoratively cooperated with

leading entreprises and research institutes at home and abroad,

and are devoted to introducing leading agrilcultural production

and fertilization techinology and speeding up application and

commerlization of research achievements, so as to promote the

development of modern agriculture in China.

Distribution of E&P Projects and Oil Trading Branches


22250

SeeD buSineSS AGRochemicAL buSineSS

China Seed Corporation (China Seed), a subsidiary of Sinochem, is the only national seed company that integrates breeding, production and sales. Our business covers major crop types of rice, corn, wheat, vegetables and rape seeds. Our registered capital of 944 million yuan also ranked the first in China.

In terms of scientific research, China Seed is committed to cultivating local innovative seed resources by employing modern biotechnology. The construction of China Seed Science and Technology Center, the R&D institute with the largest investment in China under China Seed, has attained positive progress, and the world-class biotechnology lab has already come into operation. A regular seed breeding base, together with a selection and text network, has covered the entire country. A world-class commercial seed breeding platform has taken shape. In 2013, built on the first whole genome 6K rice breeding chip, we developed 60k seed breeding chip that has higher SNP marker distribution density and more accurate genome test, which has been applied to the high quality, high adversity resistant, high yield rice breeding. In addition, China Seed has held for two consecutive years senior seminar to update professionals and technicians with latest knowledge, cofounded "crop seed industry technology innovation strategic alliance", and undertaken the “Twelfth Five Year” scientific and technological key supporting projects, striving to build an organization model based on enterprise and market-orientation.

In terms of production and marketing, China Seed established a network of seed producing bases covering the main crop production regions across the country, and built 15 modern seed processing and storage centers as supporting facilities, which (together with companies under the control of China Seed) are able to produce and process 250 million kilograms of high-quality seed. In addition, by conforming to modern agricultural trends, the company actively explored the land transfer mode in Gansu and Sichuan, and promoted standardization, intensification, mechanization and scale expansion of corn and rice seed

Our agrochemical business covers R&D on both innovative and generic products, AI (active ingredient) production, formulation processing and packaging, product registration and brand marketing domestically and internationally. We are leading the industry in China for proprietary agrochemical products development. In 2013, the sales revenue of agrochemical business exceeded 10 billion yuan, the highest in China.

In terms of production, we have formed four major bases in Shenyang, Yangzhou, Nantong, Lianyungang and Yangzhou, with AI total production capacity at 180,000 tons a year. Our products span over herbicide, pesticide, fungicide and plant regulator, including totally over 40 active ingredients. In 2013, we acquired controlling stake in Jiangsu Yangnong Chemical Croup Co., Ltd. (Yangnong Group). Yangnong Group’s products, such as pymetrozine and mesotrione, are very competitive in China, and its production capacity is ranked second in the world. Sinochem International is the largest shareholder of Nantong Jiangshan Pesticide and Chemical Co., Ltd.

In the aspect 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

production bases. At the same time, we have built up 22 provincial-level sales service centers, and build the whole system of technical service process, and nationwide marketing service system that integrates agricultural inputs of seeds, pesticides, fertilizers.

In 2013, we co-founded “Modern Seed Industry Development Fund" with Ministry of Finance, Ministry of Agriculture, and Agricultural Development Bank of China. The fund is the first seed fund supported by the government and operated in accordance with market rules; it mainly invests in high growth potential seed companies, and focuses on supporting companies with "integrated breeding, promotion and production" businesses to enhance their overall strength. China Seed cooperated with the fund to invest in Shandong Luyan Seed Co. Ltd., which is affiliated to Shandong Academy of Agricultural Sciences. In the same year, China Seed accelerated it’s M&A speed, deepened its all-round cooperation with Monsanto in the area of corn seed conventional breeding, production, processing, marketing services, and co-founded China Seed International Co. Ltd., the only joint venture in which crop breeding R&D is controlled by the Chinese side. In addition, China Seed and Academy of Agricultural Sciences in Enshi, Hubei jointly established China Seed Wuling Seed Industry Co., Ltd. in Hubei, and invested and controlled Yibin Yizitou Seed Co. Ltd. Currently, China Seed has completed strategic investment in 13 companies in the industry, and by doing so its comprehensive strength and industry position is further enhanced.

Chemical Industry (Zhejiang Institute), and have 6 proprietary pesticides registered and sold in market, among which Flumorph and Aike series of products enjoy high recognition and influence in the Chinese market. Shenyang Institute’s Safety Evaluation Center

and Pesticide Testing Lab passed the GLP certification by the OECD

member country Netherlands in 2012. In 2013, the amount of

GLP experiments grew by 45% year-on-year. It actively promotes

domestic pesticide and chemical products in world market. In

2013, Shenyang Institute and Zhejiang Institute totally applied for

92 patents, of which 56 were granted.

As for marketing, we are entitled to the ownership of the

trademark of “Machete”, new “Machete”, “Harness” and “Alachlor”

in China, and we are the sole distributor in China of “Roundup”,

“RODEO”, “OMEx”, “Latitude” and “Rocket” authorized by the

suppliers. We enjoy the leading position in domestic high-end

pesticide market. We bought Monsanto’s amide products business

in India, Thailand, the Philippines, Vietnam, Pakistan, Bangladesh

and Taiwan, and own 45 product brands in Southeast Asia. We

have also acquired the concession as sole agent to sell Monsanto’s

“Roundup” products in Australia and New Zealand, successfully

marching into the Australian and New Zealand market.

In the future, we will continue to take as our responsibility to facilitate the development of modern agriculture and protect grain supply in China. We will also continue to enhance the key links on the agricultural industry chain and make our best efforts to become a leading agro-input service provider in the world.

High quality seeds production

Million kilograms/year

Provincial-level sales service centers


ChEMICAl buSINESS

Sinochem Group is China’s leading comprehensive service provider of chemical products, and has competitive edge in fluorine chemical, natural rubber and rubber chemical, fine chemical, chemical logistics and petrochemical feedstock distribution, pharmaceutical chemical and plays a constructive role in facilitating chemical technology upgrading and safe, green, harmonious growth of chemical industry.

fLuoRine chemicAL

Sinochen Lantian Co., Ltd. (Sinochen Lantian) is China’s leading fluorine chemical company that has integrated research, production and sales. It is a key enterprise supporting China to fulfill its obligations of Montreal Accord. Sinochem Lantian has formed a complete industry value chain covering resource development, R&D, production and sales, and owned a complete industrial layout based on fluorite resources, led by ODS substitution, and supported by fluoropolymers and fluorine-based fine chemicals. Our products include fluorocarbon chemical, fluorine-based special chemicals, and inorganic fluoride salt, over a dozen of which have the largest market share in domestic and international markets. Among these, “Jincool” HFC-134a and R4 series of products is the leading brand in the domestic automobile refrigerant as well as household and commercial air-conditioner refrigerant market, and have market presence in over 50 countries and regions. “Kehua” TFA series of products occupy over 60% of the domestic market.

In terms of resource development, Sinochem Lantian owns over 30 million tons of fluorite reserves, and is able to supply 80,000 tons of anhydrous hydrogen fluoride and 30,000 tons of trichloroethylene annually.

As for R&D, Sinochem Lantian serves as the national key fluorine chemical research unit and the National ODS Substitute Engineering Technology Research Center. We have independently developed over 40 ODS substitutes, with the production capacity making up 30% of the domestic market. We are also the winner for more than 10 national technology progress awards. The production technology for highly reactive fluorination catalyst developed by us broke the international technological monopoly and is able to reduce tens of thousands of tons of ODS emission every year. In 2013, we undertake 2 key projects standing among the National

863 high-tech Plan, formulated 5 national and industrial standards, stipulated 6 new pieces of standards, led to formulate the first Fluorine Chemical Industry Security Protocol in China, and had 6 patents granted. We independently developed new refrigerator agent brand “Fengleng” products, among which HFC-161’s Ozone Depletion Potential (ODP) is 0 and Global Warming Potential(GWP) is 12, dramatically cutting greenhouse gas emissions.

For production, we have established four major production bases in Shangyu, Taicang, xi’an and Chenzhou. In addition, we built two special bases in Quzhou and Ganzhou, which have fluorocarbon chemical production capacity of 160,000 tons, and fluoropolymer and fluorine-based fine chemical capacity of 12,000 tons, as well as nearly 1,000 tons of inorganic fluorine compounds. Besides, we cooperate with such global fluorine players as Solvay and Honeywell to make inroad into the high-end fluorine chemical field. In 2013, Sinochem Lantian's 20,000 T/a HFC-125 production line was put into operation, the capacity of production equipment of TFA was expanded, and the inorganic aluminum fluoride equipment came into operation, greatly enhancing the company’s producing and supplying capacity.

FLUORINE CHEMICAL

FINE

CHEM

ICAL

NATURAL RUBBER

AND RUBBER

CHEMICAL

PHAR

MAC

EUTIC

AL

CHEM

ICAL

CHEMICAL LOGISTICS

PETROCHEMICAL

FEEDSTOCK

SAFE

GREEN

HARMONIOUS


680,000

nATuRAL RubbeR AnD RubbeR chemicAL fine chemicAL

Sinochem Group is the first Chinese enterprise to conduct natural rubber trade and has over 60 years history in natural rubber and its related business. We have forged an international industry value chain that covers planting, processing, and marketing. By employing a holistic business approach at home and abroad, Sinochem International (Holdings) Co., Ltd. (Sinochem International), controlled by Sinochem Group, is now the strongest natural rubber product operator in China, and one of the main natural rubber product and service providers with core competitiveness in the international market. Its natural rubber plantation resources are scattered around Southeast Asia, West Africa, and Hainan, Yunnan in China, and customers in Asia, Europe and the Americas. By the end of 2013, Sinochem International had annual production capacity of 680,000 tons, more than 80,000 hectares of planting area, with its plantation acreage and reserves ranking among the top worldwide. Its 750,000 tons of natural rubber sales volume stands among the top in the world and account for 15% of the domestic market.

In 2013, Sinochem International continued to follow the development path of ‘industrialization”, and pressed ahead with the strategy of extending to the upstream sector that takes natural rubber resources as the core. While expanding our plantation resources, we sped up developing our own processing capacity, and adhered to the principle of creating value for our clients, so as to realize operation with full industry value chain of natural rubber business.

In terms of resource expansion, after having acquired EUROMA RUBBER of Malaysia, GMG and TBH of Thailand, and 35% stake in SIAT of Belgium, Sinochem International acquired permanent use right to 45,000 hectares of land in Cameroon. The company and its subsidiaries own 270,000 hectares of land in Africa and Southeast Asia, 180,000 hectares of which are planting area.

In the areas of manufacturing and processing, Sinochem International has formed a global production layout encompassing

By following the philosophy of “lead the lean process of Chinese chemical industry”, we have strategic cooperation with international and domestic leading players on WPU, water-based functional material, polyether raw material, PU products, and have built up leading position .in certain water-based coating adhesives.

Our subsidiary Yangnong Group takes the lead and exerts global influence in the markets of chlorination and nitration of benzene, ECH, agro-used and sanitation-used dimethrin, and epoxy chloropropane. Its production capacity for chlorination, nitration is among the top in the world, the production capacity and market share of agro-used and sanitation-used dimethrin were among the top worldwide. The equipment for producing ethoxyline resin that employs the bio-based glycerol method, the first of its kind and by Yangnong’s indigenous technology enjoys leading position in

West Africa, Southeast Asia as well as Yunnan and Hainan in China, all of which are major rubber producing regions. Through technique upgrading and capacity expansion, the company’s production capacity increased by 50,000 tons in 2013. The natural rubber produced by the company mainly features special rubber for high-end radial tire, providing secure raw materials for renowned Chinese and International tire companies..

For distribution and services, we draw upon our distribution outlets, storage hubs and logistic facilities spreading across China and our overseas distribution platform in Singapore to enhance our service capacity for downstream clients, and strengthened strategic cooperation with top ten tire manufacturers like Bridgestone, Michelin and Pirelli.

As for rubber chemical products, Jiangsu Sinorgchem Technology Co. , Ltd. ( J iangsu Sinorgchem) control led by Sinochem International is a leading supplier of rubber chemicals in the world. Its products include 6PPD and the key intermediate RT base, insoluble sulfur, high purity TMQ, etc. The output and market share of 6PPD and the key intermediate RT base are among the top in the world. Besides, we have a professional technical support team of rubber chemicals, and have become core distributor to domestically and internationally famous companies in terms of halogenated butyl rubber, nitrile rubber, EPDM rubber. In addition, we have wide marketing network in countries and regions like South Korea, Indonesia, Thailand and East Europe.

terms of production capacity in China. Currently Yangnong Group

has 4 fully-equipped fine chemical industrial bases, among which

the one located in Zhongwei of Ningxia owns the production

qualification to produce phosgene, which is quite rare in the

market.

Besides, Yangnong Group is a national key high-tech company,

and has built a national-level corporate technology center, a

postdoctoral research station, a chemical research institute and

an engineering technology company. It owns a technology

application center for developing PU products and water based

PUD products, and is strong in the R&D and commercialization of

pharmaceutical intermediates, pesticide intermediates and high

polymer chemical materials.

Annual production capacity

tons


7 66

chemicAL LoGiSTicS

PeTRochemicAL feeDSTock PhARmAceuTicAL chemicAL

Our chemical logistics business, led by Sinochem International, involves shipping, IOS tank containers multimodal transport, freight forwarding and terminal storage tanks, with total assets value reaching nearly 7 billion yuan. Our shipping capacity and scale for liquid chemicals enjoys leading position in Asia, while the tank container transportation capacity and fleet size is among the top in the world. We are able to provide comprehensive chemical logistic solutions to customer with high efficiency at low cost.

In the shipping area, Sinochem International provides shipping service for all kinds of bulk liquid chemicals, highly hazardous liquid chemicals, acids, refined oil, edible oil, animal and plant oil, and other specialty chemicals, and is one of the largest professional operators of liquid chemical shipping in China and the only domestic ship owner that is able to ship TDI, MDI and other high-end liquid chemicals. Sinochem International’s wholly-owned subsidiary Hainan Sinochem Shipping Limited is one of the largest professional operators for liquid chemical ships in China. It owns 66 IMO II/III bulk liquid chemical ships, the capacity of which ranging from 1,000 to 45,000 tons, providing transportation services on Chinese seas and rivers, as well as the long-haul or offshore routes internationally. Sinochem International has an experienced professional team in ship operations and management, has supervised the building of over 20 professional liquid chemical shipping vessels, including 3600DWT, 9000DWT, 13000DWT IMOII / III type. Sinochem International partnered up with Dorval SC Tankers Inc., Japan’s fourth largest shipping company, to set up a joint venture Sinochem Dorval, to better service global clients. As one of the first ship owners permitted to directly ship liquid chemicals across the Taiwan Strait, Sinochem International’s 27 ships received the direct shipping qualification, becoming the major force for transporting liquid chemicals across the Strait.

In terms of ISO tank containers logistics, Sinochem International’s

Sinochem Group is one of the largest comprehensive distributors and services providers of petrochemical feedstock in China, and is mainly engaged in bulk chemical raw materials and plastic products. In 2013, its petrochemical raw materials sales exceeded 4.5 million tons; its styrene sales account for more than 20% in China; its imported amount of ethylene glycol is also the largest, and that of polyolefin is among the top five in the country. The amount of exported mornitered chemicals (MCCs) makes up 60% of the country’s total; the sales volume of acetone, bisphenol A is among the top in China.

Sinochem Plastic Co. Ltd., our subsidiary, established a business pattern centered on key customers and based on resource acquisition, product marketing and risk control, and is committed to providing tailored products and comprehensive service solutions to customers. In terms of transport and trade coordination, the company conducted 75 voyages alone to the Middle East, the cargo including core products like ethylene glycol, methanol, base oil, two DEG, liquefied gas. It plays an important role in securing stable and quality resources. Regarding marketing network, the company has set up more than 20 branches and sales centers in East China, South China, North China, Northeast China, Southwest China and other regions.

Our pharmaceutical chemical business covers R&D, manufacturing and distribution, and has competitive edge in technology innovation, scale production, international operation and domestic market distribution.

Through independent R&D and global cooperation, we already have more than ten thousand of strains for R&D, and more than 400 domestic and foreign patents. Through offering contracted R&D service and providing tailored processing services of special intermediates for our clients, we further expanded cooperation with internationally renowned pharmaceutical companies. In addition, Shenyang Research Institute for Chemical Industry is the first safety assessment institute in China to receive the GLP certification granted by the OECD member country, and is able to conduct safety assessment and testing for pharmaceuticals, pesticides and other chemical products.

DSM Sinochem Pharmaceuticals (DSP), our joint venture with Royal DSM N.V., has rich pharmaceutical R&D bacterial species and a great number of internationally recognized patents. It has independent intellectual property rights in key technological links and a platform of application and development of highly efficient biocatalyst technologies. DSP’s production bases in Europe, America and Asia-Pacific. It employs “Green Enzyme” technique to produce anti-infective drugs and cardiovascular drugs, providing customers with safe and reliable products. Some of the products from our pharmaceutical base Zhejiang Langhua Pharmaceutical， have passed US FDA, European Union’s CEP and WHO’s GMP certification.

In terms of the international distribution, we provide our customers with such value-added services as tailored processing and manufacturing, registration and auditing. We also introduce high-quality AI and new, special and premium formulations into the Chinese market.

Zhejiang Intmedic Group Co., Ltd., of which Sinochem Lantian is the majority shareholder, has become the core company for provincial pharmaceutical warehousing, modern pharmaceutical logistics, and e-commerce in Zhejiang province. In 2013, Intmedic become the first group of companies that passed new GSP certification.

wholly-owned subsidiary Shanghai Sierboer Chemical Logistics Co., Ltd. is the largest specialized tank containers operator in Asia. In 2013, Sinochem International acquired NEWPORT, the seventh largest ISO tank container company in the world, in a bid to strengthen its global operation platform using the latter’s resource advantages. At present, it owns nearly 16,000 T11, T20, T50, electric heating, hydrofluoric acid, land transport tank and other types of isotanks. It is mainly engaged in transportation of liquid and gas chemicals, food and household chemicals, with its network all over China, Europe, America, Asia and Middle East

As for terminal storage tanks business, 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. It will build three 50,000—100,000 MT class of terminals to handle liquid bulk chemicals, with around 560,000 cubic meters of storage space and throughput capacity of 5.4 million tons per year to perform chemical warehousing, customs bond, cargo loading and unloading services.

In the future, circling with key sub-sectors of chemical industry we will further enhance our capacity on resource acquisition, technology development and market exploration, consolidate our industrial position, and facilitate the chemical business’ sustainable development.

Total assets IMO II/III bulk liquid chemical ships

billion yuan


Qingdao Shinan Jin Mao Harbour

Jin Mao JW Marriott Shenzhen

Zhuhai De Insight

Suzhou Gusu Jin Mao Palace

Ningbo Nantang Jin Mao Palace

Hangzhou Huanglong Jin Mao Residence

Nanjing International Center Nanjing Westin Hotel

Chongqing Daping Jin Mao Delicate ResidenceChongqing Longpan Project

Changsha Meixi Lake New International CityChangsha Yuelu Jin Mao Landscape Metropolis

Changsha Meixi Lake Jin Mao PlazaChangsha Research Center Project

Changsha Meixi Lake Jin Mao Residence

Lijiang Whisper of Jade DragonLijiang Jin Mao Noble Manor Project

Jin Mao Hyatt Lijiang Hotel Project

Jin Mao Ritz-Carlton, SanyaJin Mao Hilton Sanya Resort & Spa

Sanya Yazhou Bay project

Beijing Chemsunny World Trade Center

Sinochem Tower

Beijing Guangqu Jin Mao Palace

Beijing Wangjing Jin Mao Palace

Beijing Ya’ao Jin Mao Residence

Beijing Yizhuang Jin Mao Residence

Beijing Yizhuang X87、X91 Projects

Jin Mao Westin Beijing Chaoyang

Jin Mao Renaissance Beijing Wangfujin

Beijing Eastern Garden International Conference Center

Shanghai Jin Mao Tower

Jin Mao Grand Hyatt Shanghai

Shanghai Port International Cruise Terminal

Shanghai International Shipping Service Center

Jin Mao Hyatt Regency Chongming Shanghai

Shanghai Dongtan Jin Mao Noble Manor

Shanghai Haimen Road No.55 Project

Shanghai Zhabei Daning International Community Project

Guangzhou Nansha New District Pearl Harbor Project

Beijing

Qingdao

Nanjing

Suzhou Shanghai

Hangzhou

Ningbo

Guangzhou

ShenzhenZhuhai

Chongqing

Changsha

Lijiang

Sanya

REAl ESTATE buSINESS

As one of the central SOEs approved by SASAC to run property development and hotel operation as one of its core businesses, Frashion Properties (China) Co., Ltd. (Franshion Properties), controlled by Sinochem Group, ranks among the Hang Seng Composite Index. Our vision is to become a “respected leading quality properties developer”; our mission is to “unleash future urban vitality”; and we adhere to the strategy of high quality and green architecture. We are now a unique high-end developer and operator in the industry.

Franshion Properties is engaged in high-end real estate development, commercial leasing, hotel investment and operation, and retail business development and operation. It has developed a series of high-end properties with the brand name of "Jin Mao". By the end of 2013, the company had developed a great number of quality projects in Beijing, Shanghai, Sanya and Changsha. Its land reserves (including level one development land reserves) reached a planned GFA of 27.49 million square meters. The company also owns Shanghai Jin Mao Tower, Beijing Chemsunny World Trade Center, Nanjing International Plaza and a batch of landmark projects in other cities; and has invested and owned several five-star hotels.

We have integrated “green, low-carbon building development” into our real estate business strategy. Our business guideline called “Green Technology, Jin Mao Quality” embraces five aspects including “philosophy, model, standard, life and attitude”, has be embedded into the gene of “Jin Mao” series of products, and becomes a green real estate development benchmark highly recognized by the industry in China. In 2013, the company participated in formulating the national Green Architecture Evaluation Standards, took part in five “Twelfth Five-Year Plan” supporting projects for the Ministry of Science and Technology, 3 projects of “National Standards” formulation; The company was granted two national patents, and won Outstanding Architecture Technology Award for three times. Many of its projects have received China Green Architecture Identification, and Changsha Meixi Lake New International City project was the first project in Asia to meet the BREAM Outstanding level standards. The company co-edited the textbook “Green Campus and the Future” with China Green Campus Committee, and became one of the first core enterprise members of the World Green Campus Alliance.

Distribution of Sinochem's Real Estate Business


15.38

21

PRojecT DeVeLoPmenT commeRciAL LeASinG

Focusing on the development of high end projects, we have developed many landmark buildings, including Beijing Chemsunny World Trade Center, Shanghai Jin Mao Tower, Shanghai Port International Passengers Center and Shanghai International Shipping Service Center. We also developed many residential building projects, including Beijing Guangqu Jin Mao Mansion, Chongqing Jin Mao Longyue Dwelling, Shanghai East Bund Jin Mao Noble Manor, Lijiang Jin Mao Snow Mountain Whisper, Changsha Jin Mao Meixi Lake and Qingdao Jin Mao Bay, which add up to the upscale “Jin Mao” series of residential products represented by the six concepts of “Mansion, Dwelling, Manor, Mountain, Lake and Bay”.

In 2013, by following high-end, high-quality and industry leading standards, Franshion Properties realized sales of about 21 billion yuan, with the average sales rate reaching 90%. Suzhou Gusu Jin Mao Mansion, Beijing Yizhuang Jin Mao Yue projects are selling well. The company also successfully increased 15.38 million square meters of land reserves in Changsha, Ningbo, Chongqing, and Guangzhou.

A level one project developed by Franshion Properties, Changsha Meixi Lake project, is located in the heart of Hexi district of Changsha, covering a total area of about 763 hectares. It will be built into a center of high-end global business and innovation, and a new city that is suitable for living in central China. After several years of construction, the project now has a fresh look

The four high-end office buildings we hold or operate in Beijing and Shanghai are all landmarks in core administration area or central commercial district; therefore, they have attracted many well-known brand names to become their tenants. In 2013, the company seized opportunities, maintained high occupancy rates, and the rental rate continued to increase.

Beijing Chemsunny World Trade Center and Sinochem Tower are located at the intersection area between Chang’an Avenue and Financial Street commercial district. In 2013, the two buildings kept their records of virtually 100% occupancy rate, with their rental ranking at the top level in this region.

Shanghai Jin Mao Tower sits at the financial and trade district of Pudong Lujiazui area. It is an outstanding example of the perfect combination between the traditional Chinese architectural style and state of the art international building technology. In 2013, the occupancy rate of Jin Mao Tower reached 98.7%.

The first phase of Nanjing International Plaza office building is located in the heart of Zhongyang Road in Gulou of Nanjing, and is built in accordance with North American 5A standards. Its occupancy rate had reached 97.9% by the end of 2013.

and environment, and is reputed as the "Changsha model for new urbanization", attracting attention from various parties. In 2013, the area we leveled-off for the first stage of Changsha Mexi Lake project exceeded 2.3 million square meters. In October 2013, Franshion Properties became the second investor in the west area of Changsha Mexi Lake project, The second stage of which covers 1,103 hectares, and will be responsible for the related work of land acquisition, relocation compensation , pre-construction engineering and other development work.

Total sales

billion yuan

Increased land reserves

million square meters


hoTeL oPeRATion ReTAiL buSineSS DeVeLoPmenT AnD oPeRATion

Franshion Properties’ hotel projects are targeted at luxurious 5-star brands. We own several world-class hotels at the prime locations in first-tier cities or at famous tourist spots. We are planning to build Hyatt Lijiang Hotel and Jin Mao Lijiang Grant Hyatt Resort Hotel and Jin Mao Shanghai Hyatt Resort Hotel. In 2013, we maintained our position as market leader.

Grand Hyatt Shanghai located in the 88-storeyed Jin Mao Tower at Shanghai Lujiazui central district has held many big international events, including Fortune Forum, APEC conference, Forbes Global CEO Forum and Shanghai World Expo. It is crowned as the most classic international hotel at Lujiazui Commercial District. 2014 will see the opening of Jinmao Grand Hyatt in Chongming Shanghai,which is the fourth Granel Hyatt in the world and China’s first.

In Hainan Sanya Yalong Bay national-class tourist and resort

Franshion Properties has developed and operated a number of high-quality retail commercial real estate projects. In 2013, the occupancy rates and rent rate levels of the company’s projects in Shanghai, Sanya and other places continued to stay ahead in their respective regions. And the construction of projects in Lijiang, Changsha went smoothly.

The J·Life (Jin Mao Life) Center Located in the Jin Mao Tower in Shanghai brings together a number of well-known brands’ flagship stores and has become a center of high-end services in Pudong of Shanghai.

area, we own two 5-star hotels, namely, the Ritz-Carlton Sanya and Hilton Sanya Resort & Spa. In 2013, the two hotels’ business

performance took the first two spots in the regional hotel market.

Westin Beijing Chaoyang located at Yansha Commercial District

has become the first choice for many important foreign politicians.

Jin Mao Renaissance Wangfujing Hotel in the north of Wangfujing

Avenue had been renovated in 2013. Beijing Eastern Garden

International Conference Center in Shunyi District is having its

service and market influence on the rise.

At Nanjing Westin Grand Hotel, you can enjoy the scenery of

xuanwu Lake and Zijin Mountain. In 2013, the occupancy rate and

average room rate of Nanjing Westin Grand Hotel continued to rise

in spite of market decline.

Sanya Jin Mao center of life fashion, located in the Sanya Jin Mao Ritz Carlton Hotel, has also attracted many well-known brand's flagship stores, and is a center of high-end service in Yalong Bay in Sanya.

Nanjing International Shopping Center is located in the flanking building of the first phase of Nanjing International Plaza. Top international brands, international cinema, KT Vs, famous restaurants, children theme park, and stores of fashion home furnishing can all be found here. It has become a center of fashion lifestyle and entertainment for high-end personnel in Nanjing.

In the future, we will stick to the philosophy of “forward-looking and building for the future”, the position of high quality properties, and the business model of “sales plus holding”. We will innovate in our cities’ development mode, create more value through our “Green Strategy”, and consolidate our distinctive position as the “national green ecological city developer”, so as to enhance our corporate image of a developer of responsibility who provides green and quality products.


FINANCIAl buSINESS

Our financial business covers financial leasing, trust, securities investment fund, finance company, life insurance and futures brokerage, which have formed a fully-qualified non-banking financial business framework. We have cultivated several competitive and influential brands, including “Far East Horizon”, “FOTIC”, “Lion Fund” and “Manulife-Sinochem Life Insurance”. While strengthening the risk control capacity and profitability, we are enhancing the synergy between our financial business and other business segments.

finAnciAL LeASinG

Far East Horizon Co., Ltd. (Far East Horizon), our subsidiary listed

in Hong Kong, follows the strategy of industry operation and the

business philosophy of “finance plus industry”. Through innovating

products and services, we are providing clients with one-stop

service solution, and have become forerunner in China’s innovative

financial service sector.

While consolidating our traditional strength in leasing business, Far

East Horizon keeps exploring new industry and market segments.

In such areas as medical care, printing, shipping, construction,

industrial equipment, education, textile and e-information,

we focus on the different needs of different clients at different

development stages, and render integrated industrial service

including financing, trade, consulting and investment, cultivating

the strength in matching financial resources with industrial

development, and boosting finance and industry together.

In 2013, Far East Horizon made new progresses in opening up

sub-sectors up and down the industry chain. Our businesses in

the sectors of electronic information and utilities grew fairly fast.

While our business is expanding, we strengthened innovation and

unveiled new financial products. We actively explored new patterns

of fund business, and our factoring business grew substantially.

In 2013, Far East Horizon’s interest bearing assets reached 80.7

billion yuan, a year-on-year increase of about 40%; equity capital

exceeded 14 billion yuan. We continue to maintain the leading

position in the China’s financial leasing industry.

FINANCIAL LEASING

FINANCE COMPANY

SECURITIES INVESTMENT FUND

FUTURES BROKERAGE

TRUST BUSINESS

LIFE INSURANCE


320

TRuST buSineSS SecuRiTieS inVeSTmenT funD finAnce comPAnY

fuTuReS bRokeRAGe

Life inSuRAnce

China Foreign Economy and Trade Trust Co., Ltd (FOTIC), a subsidiary of Sinochem, was founded in 1987 and is one of the few trust companies directly supervised by China Bank Regulatory Commission and holds the Vice President chair in China Trustee Association. Headquartered at Beijing, the company has registered capital of RMB 2.20 billion, and set up its sub-headquarter in Shanghai and regional headquarters in East, South, Southwest and Northwest of China. After 26 years of development, FOTIC has owned great brand recognition and strong operation strength in the trust industry.

FOTIC sticks to the business philosophy of “steady Growth, Innovative Approach, Integrity towards Clients, Respect for Talents”, and makes its best efforts to provide all-round financial service for the society. At present, FOTIC is mainly involved in four business areas, namely banking trust, securities, private equity financing and innovative business, including such products as family trusts, asset securitization, securities investment trusts, private placement, real estate trusts, infrastructure trusts, consumer finance trusts, business trusts, private equity investments, etc. It took the lead in the industry to issue “Five Elements Wealth Management” products to provide high net worth clients with wealth management and value added services, becoming a pioneer among its peers to run wealth management business.

In 2013, FOTIC’s operating revenue exceeded 2 billion yuan; the size of its trust assets was more than 320 billion yuan; and it created more than 20 billion yuan trust net income for its clients.

Sinochem Group has investment in two fund management companies, namely Lion Fund and Baoying Fund. Lion Fund, which we are the main initiator, was founded in December 2003. By the end of 2013, it had 29 open-end funds under its management, with the total asset value nearly 50 billion yuan and more than 4 million customers. The company was authorized in May 2008 QDII overseas securities investment management business to engage, and was among the first batch of companies permitted to operate separately managed account. It has set up a number of "one to many" products, covering stock selection, specific investment, flexible configuration, strategic selection and other categories.

Baoying Fund was established in May 2001. By the end of 2013, its assets under management had reached 16.7 billion yuan, and it managed nine funds and fourteen segregated accounts.

Sinochem Finance Co., Ltd. (Sinochem Finance), our subsidiary, was founded in 2008. It is one of the finance companies that are directly supervised by CBRC. It upholds the guideline of “relying on and serving the Group, standard operation, expanding through innovation”, and provides financial service for Sinochem throughout its industry value chain and value chain. Its business covers capital pool building, financing service, assets management and financial agent business.

In 2013, Sinochem Finance enhanced its market-oriented operation capabilities, professional services and lean management approach, and achieved breakthroughs and development in various areas in comprehensive financial services, providing financial support for Sinochem Group’s industrial development and strategic transformation.

Guantong Futures Co., Ltd. (Guantong Futures), in which we

have stakes, was established in 1996. It is qualified for operating

in commodity futures brokers, financial futures brokerage and

futures investment consulting. It is a member of China Financial

Futures Exchange, Shanghai Futures Exchange, Dalian Commodity

Exchange, Zhengzhou Commodity Exchange. The company

has sixteen branches in Beijing, Shanghai, Dalian, Zhengzhou,

Shenzhen, Shenyang, etc. and it has presence in North China,

Northeast China, East China, Central South China, Southwest China

and other regions.

By the end of 2013, Guantong Futures had margin deposits of

nearly 1.3 billion yuan, and was ranked the 3rd in Zhengzhou

Commodity Exchange by annual turnover.

Manulife-Sinochem Life Insurance Co., Ltd. (Manulife-Sinochem

for short), the first Sino-foreign life insurance joint venture in

China, was co-founded by Sinochem Group and the Canada-

based Manulife Financial Corporation back in November 1996. The

company has over 15,200 employees and insurance agents serving

over 770,000 clients.

Over the past 17 years, Manulife-Sinochem has been committed

to becoming a model for joint venture life insurance companies by

dint of its sound operation. Its business has been growing steadily

in over 50 cities, including Shanghai, Beijing, Guangdong, Sichuan,

Zhejiang, Jiangsu, Shandong, Fujian, Chongqing, Liaoning, Tianjin,

Hubei, Hebei and Hunan.

In the future, we will continue to carry forward our financial products and services innovation, enhance our risk control ability, and build a high-caliber professional team. Our aim is to strengthen our leading position in various financial sectors, facilitate the sustainable development of the financial industry, and create more value for our clients and for the society.

Size of trust assets

billion yuan


OThER buSINESSES

TenDeRinG buSineSS eneRGY conSeRVATion AnD enViRonmenTAL PRoTecTion buSineSS

Sinochem International Tendering Co., Ltd. (Sinochem Tendering), our subsidiary, is one of the first comprehensive bidding service providers in China and its business scope covers international and domestic bidding, import agents, centralized procurement, government procurement, cost consulting, business consulting, logistics management, etc. It has the qualifications of “Class-A Engineering Tendering Agency”, “Class-A Tendering Agency for Central Government’s Investment Projects” and “Class-A Government Procurement Tendering Agency” and “Certificate of Classified Military Business Consultancy Service Security Conditions”.

In 2013, Sinochem Tendering focused on serving pillar industries in the national economy, including aerospace, military equipment, railway equipment, iron and steel and metallurgy, petrochemical, machinery, shipbuilding, energy conservation and environmental protection, etc. It took part in many key projects of large enterprises and government agencies. The Company has been awarded "China's Top 10 Tendering Agency" for six consecutive years, and has won China's "Ten Most Competitive Tendering Agency Award", "5A Tender Agent of Integrity and Excellence" and other honors.

Sinochem Energy Conservation and Environment Protection (Holdings) Beijing Co., Ltd. (Sinochem Energy Conservation and Environment Protection) is our high-tech subsidiary specialized in energy conservation and environment protection services. It is able to provide comprehensive energy-saving services, and actively carry out industrial energy conservation, building energy conservation, industrial and domestic wastewater treatment, solid waste treatment and other services. The company is accredited as an energy service conservation company and high-tech enterprises in Zhongguancun by NDRC and Ministry of Finance.

In the field of energy conservation, Sinochem Energy Conservation and Environment Protection, through independent technology development, strategic cooperation with key equipment suppliers, acting as product agent, and consigned processing, etc., focuses on saving energy for buildings and industries, and provides customers with comprehensive energy-efficient solutions. In 2013, by relying on advanced contract energy management business model, the company completed over a dozen projects of boiler furnace renovation, residue heat and pressure utilization, frequency converter renovation in the field of industrial conservation; in the field of electricity conservation and control, it complete more than ten projects; in terms of energy conservation for buildings, the company provided comprehensive energy solutions, including green lighting, central air conditioning, automatic control optimization, utilization of new energy, for more than 20 hospitals, hotels and office buildings, and is committed to becoming a key energy solution provider for large-scale integrated communities.

In the field of environmental protection, Sinochem Energy Conservation and Environment Protection gradually grows into a provider of comprehensive environmental protection services that combines investment, construction and operation. In 2013, the company cooperated with world's leading water services companies at home and abroad to introduce technology of high salinity biological wastewater treatment and heavy metal water innovative processing; and by using industrial wastewater treatment as a starting point, the company acquired EPC wastewater treatment projects in storage terminals, petrochemical, wastes leachate and other industries. It innovated in contract environmental management business model, and actively explored industrial wastewater BOT business model. With respect to solid waste processing, the company developed businesses involving waste incineration power generation, industrial waste treatment, sludge treatment and other services.

COST CONSULTING

BUSINESS CONSULTING

LOGISTICS MANAGEMENT

INTERNATIONAL AND DOMESTIC

BIDDING

IMPORT AGENTS

CENTRALIZED PROCUREMENT

GOVERNMENT PROCUREMENT


CORPORATE CITIZENShIP

Sinochem’S ViSion

To provide good returns and generate capital value for its

shareholders and the State;

To win the trust of clients by conducting mutually-beneficial

cooperation;

To become a company that people love to work for by caring its

employees and growing with them;

To achieve sustainable development by protecting environment

and conserving energy;

To command respect from the society by adhering to laws,

valuing ethics and working for the greater good.


As a key state-owned enterprise and a member of the United Nations Global Compact, Sinochem Group regards social responsibility as an important part of its gene and core competitiveness; it integrates the concept of responsibility into the company's mission, culture and value, and into daily operation and management activities. It strives to achieve scientific, green, and harmonious development, and improve people's well-being.

In 2013, the company received the "Golden Bee Corporate Social Responsibility Report Evergreen Award"; the case as "Safeguarding Agricultural Safety and Promoting Green Development" and the case involving overseas corporate responsibility called “Fifty Years of Promise” were selected in 2013 as model case of central SOE corporate social responsibility practice and model SASAC corporate social responsibility practice case set "Sharing Responsibility to Creating Harmony" respectively.

SeRVinG The DeVeLoPmenT of The nATionAL economY AnD The imPRoVemenT of PeoPLe’S LiVeLihooD

We connect our corporate development with the bigger picture of national development strategy and general public’s need, focus on our major business segments that are closely related to the national economy and people’s livelihood, improve the service ability with the capacity of the full industry value chain, safeguard national energy security and agricultural security, promote the progress of chemical industry, so as to better serve the people and improve their living standards by quality services and products.

As one of the four Chinese national oil companies, we strive to improve the oil business industry value chain, and enhance our core competitiveness, contributing to a secure, diversified oil supply system in China. The company successfully completed and managed the National Strategic Crude Oil Reserve Base to receive and storage both crude and refined oil. It undertook multiple research projects relating to the country's oil reserves, and advised on national oil reserves procurement, leasing, rotation and utilization, and made recommendations to reducing the cost and improving the management of oil reserves.

As the largest SOE operating the three major agro-inputs, namely

fertilizer, seed and pesticide, we are committed to contributing

to the agricultural upgrading of China. In 2013, we continued

to participate in and successfully complete the tasks of national

fertilizer and seed storage to stabilize prices and ensure supply.

We built a leading international standard commercial breeding

platform - "China Seed Life Science and Technology Center", part

of which has been put into operation; we carried out biological

breeding and conventional breeding, which we own independent

intellectual property rights, and enhanced the development of

China's seed industry. We continued to use our leading edge in the

field of pesticides and, by leveraging safety assessment agencies

that have passed international GLP system certification and key

national new pesticide creation and development laboratories, to

enhance domestic examination capabilities, research and develop

efficient, environmental-friendly pesticide products, and promote

industry progress. We also championed or participated in the

initiation of industrial technology associations of seed and dye, so

as to promote industrial upgrading.

STRenGTheninG cLienT SeRVice

Upholding the business philosophy of “creating more value for

clients through value-added services, and creating more value for

the company through satisfying our clients”, we take clients service

as core, keep exploring more service ways and improving service

quality, and try to develop together with our clients.

In terms of energy business, we make best efforts to expand our

oil trade in China and overseas, becoming a significant oil supplier

for many refineries in China, Southeast Asia, Europe and America.

By enhancing credit management and measurement facility,

we protect clients’ interests, and provide trustworthy and high-

efficient services. We improve the terminal sales service network for

refined oil, streamline service standards, and provide convenient

and satisfactory gasoline filling service.

With regard to agriculture, we focus on the actual needs of farmers

and, by relying on nationwide distribution networks, we integrate

resources to build an agricultural service system featuring

"agricultural knowledge dissemination", "field service guidance"

and "balanced fertilization service". Through a series of activities,

including promoting scientific fertilization techniques, sending

technical services into ten thousand villages, setting up Farmer’s

Field Schools and Sinochem vegetable hospitals, safeguarding

farmers’ rights, and securing supply of quality products to help and

protect farmers, ensure their benefits, help them master modern

farming techniques, scientific use of fertilizer, seeds, pesticides and

other products, so as to increase production.

In the field of chemical logistics, we own the largest liquid chemical

shipping fleet and isotank fleet with the highest safety standards,

able to provide customers with high-quality liquid chemicals

transportation services in domestic coastal areas and through long

and short international voyage routes.

Regarding petrochemical marketing, we constantly innovate in our

business models to provide customers with products and tailored

comprehensive service solutions.

Our real estate business follows the philosophy of "unleashing

future urban vitality", adheres to the service concept of "customer-

orientation and quality is the core", and pays attention to building

quality and living experience, providing customers with efficient,

high quality butler service, and committed to building "zero

complaint" hotel service brand to provide a safe, comfortable and

harmonious environment and atmosphere for guests.

We also render customized financial services through our financial

leasing, trust products and various other financial services,

meeting the demand for corporate growth and individual wealth

management.


SAfeTY AnD enViRonmenTAL PRoTecTion DeVeLoPmenT

ReSPecT foR emPLoYee’S VALue

DeVoTion To SociAL weLfARe

buiLDinG hARmoniouS oVeRSeAS communiTY

We continue to explore scientific, standardized, systematic HSE management system, make efforts to build an intrinsically safe, environment-friendly and resource-saving enterprise, so as to achieve harmony among the company, the nature, and the environment. For many years, we have maintained good record in terms of work safety and envorinment protection to free ourselves from any major accidient..

In terms of safe production, in 2013, we maintained the "iron-fisted safety standards", and conducted frequent and constant inspection on key projects and key enterprises. We kept strict auditing standards on related investment projects, strengthened control from the source; continued with targeted activities and screening and removal of risks, starting "internal qualification" of HSE management and "’Hundreds’ and ‘Thousands’ Project", upgrade security capabilities systematically; actively promote the reform of automation for dangerous prodution process to enhance intrinsic security level; pay close attention to the standardization of safety and behavioral safety code to create a security atmosphere of full participation, shared responsibility and safety management. Zhoushan State Oil Reserve and Sinochem Zhuhai become the first enterprises to obtain Level One national production safety standardization qualification.

With respec t to envi ronmental protec t ion and energy conservation, in 2013, we continued with regular environmental inspection mechanisms, created new ways of working, carried out environmental risk assessment, monitored environmental protection facilities’ operation, and tapped energy potential by relying on energy audits and balance testing. Sinochem Quanzhou Petrochemical’s 12 million ton / year refinery project was planned in accordance with high standards, and more than 2 billion yuan has been invested in safety and environmental protection facilities, with its clean production practice reaching world-class level. A series of projects, including Jinmao Tower, Shanghai International Shipping Service Center, Chemsunny World Trade Center, has been granted international green certification. Franshion Properties successfully sold some amount of its carbon emission quota, becoming the first Chinese company to do so in the construction industry.

In terms of occupational health, in 2013, we continued to enhance management and control, promoted construction of occupational health infrastructure, helped enterprises to identify occupational health hazard, standardize occupational health examination and monitoring work to ensure occupational health of employees.

In the area of emergency management, we vigorously promoted the development and implementation of high-risk industry emergency response cards and improved emergency response plan system down to the very basic level; we conducted emergency response resources census by employing information technology and build up relief material reserves; we strengthened the monitoring and prevention work withstanding natural disasters and extreme weather conditions, and held various forms of emergency drills, so as to improve command and rescue capability in case of emergencies.

We always regard human resource as our paramount resource, and try to grow with our employees. Through institutional and cultural building, we have created “fair, endeavoring and harmonious” company environment, protected employees’ rights, respected employees’ value and grew together with our employees. In 2013, we totally recruited 553 university graduates. By the end of 2013, our total headcount was 50,199, with average age at 35.

We pay attention to enhancing employees’ professional skills and overall capacity, and set up different levels and different types of training to help them grow. We also improve our career development system to provide our employees with various development pipelines, including management and engineering technology pipeline, trade and marketing pipeline, and skilled production pipeline. We make assistance plans to aide those employees in need, trying to create a good and caring working environment.

We actively promote "Harmony in Sinochem" by adopting equal consultation and encouraging full participation of employees in management, and establishing stable and harmonious labor relations. In 2013, we actively promoted the work of “Open Company” by means of standardization and information technology , and publicly released information concerning major decisions and vital interests of employees.

As a global company, we strictly abide by the international codes of conduct and the laws of the host countries of our projects. In terms of recruitment, compensation scheme and promotion opportunities, we fairly and equally treat every member of our company, regardless of their nationalities, colors, races, genders, religious belief and cultural background, pooling their efforts together for the company’s development.

While we commit ourselves to sustainable development, we also

participate actively in social welfare undertakings and innovate in

poverty alleviation models to contribute to the development of

social causes.

Since its launch in 2002 of poverty aid program, we have followed

the principle of “teaching methods of shaking off poverty first,

providing financial assistance second”, adhered to the guideline

of “bringing together mindset transformation and material

assistance, and combining intelligence investment with project

investment”. Over the past 12 years, more than 20 personnel have

been designated and 120 million yuan allocated to the program.

Infrastructures have been built and vocational training was

conducted in Tibet, Inner Mongolia and Qinghai, which benefited

farmers and herdsmen, and boosted the development of local

infrastructure, production, healthcare and education causes. In

2013, we launched “Dream Fulfillment” platform that connect

our employees and students in these poor areas, and so far 160

impoverished students have received financial assistance.

As one of the major sponsors, we have co-founded Fudan

University Management Award Foundation. Today, Fudan

University Management Award has become one of China’s most

prestigious and influential awards for management scholars.

Since 2009, Sinochem International, our subsidiary, has been

cooperating with China Red Cross to set up 17 Universal Love

Medicare Stations in Central West China, which helped to improve

the healthcare condition for local farmers.

In 2013, Far East Horizon, our subsidiary, drew on its charity

fund and invested totally RMB 3.46 million to carry out 9 major

projects for education improvement and poverty alleviation.

Through such projects as “Far East Horizon Scholarship”, “Longdian

Education Aide”, “Qinghai Nangqian County Jiqu District Milk for

Kids”, and “Qinghai Yushu Chengdu County Grain Assistance”, and

“audiovisual medical treatment for disabled children and orphans

in keshi, xinjiang”, we assisted talented kids and students to get

better education, and helped poor and underprivileged groups to

improve living condition and standards.

To address the threat of coastal erosion in Dumei, Douwei port,

Hui’an county of Fujian, our subsidiary Sinochem Quanzhou

Petrochemical Co., Ltd. cooperated with the local government to

combine the building of project pipe-shaped corridor with the

seawall, and formed 40,000 square meters of level seashore surface

that will be used by fishermen and protect the village.

In the process of "going out", we uphold the principle of "mutual

benefit and common development", actively participate in local

economic and social construction where the projects situate,

protect resources and environment, respect local culture, provide

financial assistance to community education and health care

development, and strive to create an image of outstanding global

corporate citizen.

We have set up Community Relations Department in overseas

project companies, which are responsible for planning and

carrying out community work. These companies actively

implement localized procurement policy, hire local companies to

provide services, promote local economic development; promote

internationalization, diversification and localization of workforce,

with priority given to hiring local workers, and provides a variety of

training programs; we also build parks and clubs for our employees

and their families to create a good working and living environment

for our employees.

In Colombia, the company actively provides financial supports to

help develop local healthcare, education undertakings and build

up infrastructure. In terms of education, more than 80 people

have benefited from community professional training programs

provided by us; more than 160 children with complicated diseases

have been cured using funds from us, and medical services given

to over 500 children with language difficulties; firstaid vehicles

have been bought for the 22 communities near the GIGANTE oil

field; concerning infrastructure construction, we helped build

education facilities in GIGTANTE, MANI-CASANARE region and

OMBU region, which benefited more than 5,000 people.

In Yemen, the consortium in which the company participated

donated money to more than 11500 students on a cumulative

basis in 10 years, provides scholarships to students of outstanding

performance, build hospitals and clinics for local communities, and

gives financial help to the building of electricity, agriculture, health,

water and other infrastructure projects.


2013

KEy EvENTS

01January

On Jan. 17th, Sinochem Hong Kong started and completed the issuance of the first installment of commercial paper worth of $100 million in the U.S., which is the first time in the past 13 years since it suspended parallel activities in the U.S. in 2000.

On Jan. 21st, National Energy Administration released “Reply for the Preparation work of the first phase of central south China refined Oil Pipeline Project”,formally approving the project launched by Sinochem.The project has been included in the planned crude and refined oil network of the “Twelvth Five-Year Plan”.

From Jan. 21st to 22nd, the 2013 Working Conference of Sinochem Group and Sinochem Corporation convened and made the requirements to accelerate the strategic transformation, press ahead with the “Third Long March” master plan, and promote a steady, healthy and sustainable business development.

On Jan. 30th, Sinochem acquired part of the oil and gas assets within Wolfcamp from Pioneer Natural Resources Company of the U.S., thus achieved approximately 82,800 net acres of leasehold, which marked double breakthroughs of the upstream businesses, geographically in North America and horizontally in shale oil.

04April

On Apr. 9th, Sinochem Petroleum Brazil Co., Ltd. was granted “Grade A Operator” status in the qualification review organized by Brazil’s Administration of National Petroleum (ANP).

On Apr. 25th, Sinochem Hong Kong issued the first overseas Perpetual Hybrid Bonds with the amount of $600 million.

On Apr. 25th, China Seed signed Strategic Cooperation Agreement with Enshi Academy of Agricultural Sciences in China’s Hubei Province to establish Hubei China Seed Wuling Seeds Co., Ltd.

On Apr. 26th, FOTIC held a high-end salon with the subject “Hand in Hand, Share the Wealth”, and signed cooperation agreements with several insurance companies and rating agencies.

In April, the insecticide SiLvChongxianAn (SYP-9080) discovered and developed by Shenyang Institute got temporary registration from the Ministry of Agriculture. SiLvChongxianAn is the first proprietary diamide insecticide developed by Chinese institutions.

02February

On Feb. 4th, Sinofert was selected "National Model Enterprise of Fusion of Informatization and Industrialization” by the Ministry of Industry and Information Technology.

On Feb. 20th, Sinochem Lantian was selected one of the first batch of model pilot enterprises of brand cultivating by the Ministry of Industry and Information Technology.

On Feb. 27th, Sinochem issued RMB 9 billion onshore enterprise bonds.

On Feb. 28th, the Fortune unveiled the list of “World’s Most Admired Companies 2013”. Sinochem Group came first in “trading industry list”, setting the best record for Chinese enterprises.

05May

On May 7th, Sinofert signed an MOU of Annual Strategic Cooperation with the Ministry of Agriculture, to continue to press ahead with the activity on “Yields increased by one hundred kg for every mu, while revenues increased by two hundred yuan” of corn in China’s Northeastern Region.

On May 26th, Sinochem Group officially released the annual Sustainable Development Report along with other enterprises in the press conference organized by China Federation of Industrial Economics (CFIE).

On May 27th, Sinochem signed cooperation agreement with Ecopetrol of Colombia, for the joint exploration activities in three new blocks, namely Nogal, Cardon and Manzano.

On May 30th, Sinochem Agrichem signed agreements with the Plant Quarantine and Protection Station in China’s Heilongjiang Province, in a search of new patterns of modern agriculture and crop protection services.

In May, Sinochem Insurance Brokers Co., Ltd., a wholly owned subsidiary of Sinochem Finance Co., Ltd., was officially approved and established, fulfilling the innovation on centralized management pattern for insurance business.

03March

On Mar. 12th, Sinochem International entered into the agreement with Monsanto of the U.S. on distribution of “Roundup” products in Australia and New Zealand and the global pesticide supply cooperation.

On Mar. 15th, Sinochem Group released documents of Quality Management System (QMS), signifying QMS officially shift into operation phase.

On Mar. 16th, Sinochem President Liu Deshu was appointed Vice Chairman of the Environmental and Resources Protection Committee at the Sixth Plenary Meeting of the First Session of the Twelfth National People's Congress of the People's Republic of China.

On Mar. 28th, a modern seed industry fund co-founded by Sinochem and the Ministry of Finance, the Ministry of Agriculture, Agricultural Development Bank of China was officially established, which is the first of its kind to combine both government guidance and market operation.

In March, Fortune (Chinese Version) released the list for “China’s Top 50 Most Influential Business Leaders”, where Sinochem President Liu Deshu has been listed among top 10 for three consecutive years.

06June

On Jun. 2nd, Sinochem President Liu Deshu was again entitled “the Top Ten Most Innovative Entrepreneurs in China” by Chinese Association of Productivity Science, an honor he once won in 2011.

On Jun. 19th, Sinochem convened video conference on the mobilization and deployment of work safety inspection across the company, followed by a series of actions like “enterprise self-inspection and self-correction”, “top-down check” and “constant monitoring” etc.

On Jun. 26th, “Sinochem” and “Jin Mao” ranked the 7th and 245th places in “China Top 500 Most Valuable Brands”, with a brand value of RMB125.688 billion and RMB7.576 billion respectively.


2013

07July

In early July, Supervisory Panel dispatched by the State Council to Sinochem completed its reshuffle and handover work.

On Jul. 8th, Fortune released its latest ranking of the global top 500 enterprises in 2013, in which Sinochem was listed for the 23rd time, ranking No.119 this year.

On Jul. 25th, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) released the results of business performance assessment on leaders of central enterprises in the third term and in 2012. Sinochem was one of the 12 central enterprises to achieve Grade A for nine consecutive years, and one of the 21 central enterprises rated as Grade A for three consecutive terms. Sinochem was also awarded the special prize of “Excellent Performance Enterprise” by SASAC for the third times in succession.

In July, China Securities Regulatory Commission released the industry classification results of listed companies in the second quarter of 2013, where Sinochem International was reclassified as a company in chemical manufacturing industry instead of wholesale and retail industry.

10October

On Oct. 15th, Sinochem signed a Strategic Cooperation Agreement with Yangzhou Municipal Government and Jiangsu Yangnong Group, thus Sinochem Group became the actual controller of Yangnong Group as its holdings of equities of Yangnong Group reached 40.59%.

On Oct. 25th, Sinochem won several awards on Sci-tech Innovation of 2013 granted by China Petroleum and Chemical Industry Federation (CPCIA).

In October, Sinofert and the Ministry of Agriculture signed an agreement on the commercial reserve of fertilizer in slack seasons for the year of 2013 and 2014.

In October, Far East Horizon and Citibank signed the contracts of the first private offering of Asset Backed Security (ABS), and finished the capital inputs.

08August

On Aug. 1st, Sinochem obtained Qualification for Gaseous Mineral Exploration (B-level) from Beijing Municipal Bureau of Land and Resources.

On Aug. 19th, Sinochem Group granted the Science and Technology Award 2013, covering such areas as pesticide, fluorine chemical industry, oil exploration, fertilizer and fine chemistry etc.

On Aug. 31st, China Enterprise Confederation and China Entrepreneur Association jointly published a series of lists for 2013, on which Sinochem Group takes the 15th place of Top 500 Companies in China, 8th place of Top 500 Service Companies, 5th place of Top 100 Multinational Companies and 4th place on the Globalization Index list.

In August, China Seed was entitled as a qualified national key leading enterprise of agriculture industrialization by the Joint Meetings of National Agriculture Industrialization.

11November

On Nov. 12th, China Seed International Seed Co., Ltd, which was jointly invested by China Seed corporation and Monsanto, was incorporated in China’s Gansu Province.

On Nov. 15th, Unconventional Oil & Gas Industry Alliance, co-founded by Sinochem Petroleum Exploration and Production Co., Ltd. and several other units, was established in Beijing.

On Nov. 17th, Sinochem ranked 9th on the list of “Top 50 Non-financial Enterprises of China in 2012 by Overseas Investment”.

On Nov. 28th, Franshion Properties signed agreements with China Energy Conservation and Environmental Protection Green Carbon (Beijing) Corp., making it the first carbon deal ever in China’s construction industry.

On Nov. 30th, Wang Yang, Vice Premier of the State Council, paid visit to the Life Science and Technology Center of China Seed in the optical valley of China’s Wuhan City.

In November, Sinochem Group was among the first batch of state-level model enterprises of intellectual property accredited by the State Intellectual Property Office of PRC.

09September

On Sep. 9th, the Management Upgrading Activity of Sinochem Group shifted into the 3rd Phase, with all the tasks completed in the 2nd Phase.

On Sep. 18th, witnessed by Chinese President xi Jinping and Jordanian King Abdullah II ibn Al-Hussein, Sinochem Group and Arab Potash Company signed the MOU of three years from 2014 to 2016.

On Sep. 27th, Franshion Properties won the auction for the eastern and western land blocks of Nanbinshuijiao in Jiaomen River central area of Nansha District in China’s Guangzhou City.

In September, Sinochem was selected by both SASAC and the Propaganda Department of the Communist Party of China as one of the model central enterprises in the propaganda program named “Making Entry Into the New State-owned Enterprises”.

In September, Sinochem ranked 14th on the list of “2013 Top 20 Internationalized Chinese Enterprises” issued by Chinese Entrepreneur magazine.

12December

On Dec. 9th, Franshion Properties signed cooperation agreement with Blackstone Group of the U.S., who would invest $127.86 million for the 49% stake of Jin Mao Palace Project of Nantang in China’s Ningbo City.

On Dec. 13th, Sinochem Fertilizer Macao Commercial Offshore Limited signed an MOU with Canpotex of Canada, on the exclusive agency cooperation in China for the year 2014.

On Dec. 27th, as the core device of Sinochem Quanzhou, the atmospheric and vacuum distillation unit for the 12 million tons per annum oil refining project went through the smooth ignition process, which signified Sinochem Quanzhou officially enter into the stage of intake and trial run.

KEy EvENTS


FINANCIAl STATEMENTS

AUDITOR’S REPORT

Baker Tilly China SJ[2014]8053-2

To Sinochem Group: We are engaged to audit the attached financial statements of Sinochem Group (hereinafter referred to as “The Company”), which includes the consolidated balance sheet as at 31 December 2013, and consolidate 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 financial statements. This responsibility includes: (1) preparing the financial 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 financial statement based on the implemented audit. We conduct the audit work in accordance with China Standards on Auditing. China Standards on Auditing require us to comply with Code of Ethics for Chinese Certified Public Accountants, and plan and perform the audit in order to obtain a reasonable assurance about whether the financial statements are free from material misstatements.

The audit work involves implementing audit process to acquire the amount and disclosed audit evidence related to the financial statements. The selected audit process relies on the auditor’s judgment, including the evaluation for the risk of materially misstatement of the financial statements.. During the process of evaluation, the auditor considers the internal control relevant to the preparation and fair presentation of the financial statements to frame proper audit process, but not for the purpose to issue any opinion on the effectiveness of the internal control. An audit also includes the evaluation for the appropriateness of the accounting policies adopted by the management and the reasonableness of the accounting estimates as well as evaluating the overall presentation of the financial statement.

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

3. Audit Opinion

In our opinion, the financial statements of The Company have been properly prepared in accordance with the Accounting Standards for Business Enterprises, and present fairly, in all material respects, the consolidated financial position as at 31 December 2013 as well as the consolidated results of operations and cash flows for the year of 2013.

CICPA

beijing, China

April 16, 2014CICPA


Items 2013.12.31 2012.12.31

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

Current assets

Cash at bank and on hand 2,206,549.59 3,619,133.64 2,819,510.39 4,485,737.63

Deposit reservation for balance 679.42 1,114.37 1.02 1.62

Transaction monetary assets 133,891.71 219,606.21 254,668.04 405,167.52

Notes receivable 310,926.35 509,974.49 236,265.61 375,889.92

Accounts receivable 3,662,476.94 6,007,113.35 3,423,701.77 5,446,983.97

Advances to suppliers 356,096.71 584,061.92 1,128,260.99 1,795,021.86

Interest receivable 2,256.42 3,700.93 6,200.44 9,864.68

Dividend receivable 59.67 97.87 1,695.22 2,697.03

Other receivables 508,459.19 833,963.48 430,264.36 684,534.82

Inventories 3,360,181.56 5,511,295.19 3,584,444.91 5,702,720.41

Current portion of non-current assets 141,563.71 232,189.65 60,221.09 95,809.54

Other current assets 379,492.98 622,435.96 369,881.60 588,468.06

Total current assets 11,062,634.25 18,144,687.06 12,315,115.44 19,592,897.05

Non-current assets

Loans and advances 46,810.68 76,777.84 111,706.58 177,721.08

Available-for-sale financial assets 733,670.20 1,203,349.58 839,470.83 1,335,567.30

Held-to-maturity investments 157,316.55 258,027.12 59,396.42 94,497.53

Long-term account receivable 2,567.36 4,210.93 1,642.70 2,613.47

Long-term equity investments 4,592,731.43 7,532,896.11 4,704,888.13 7,485,304.49

Investment real eastate 464,731.14 762,241.69 284,710.47 452,963.92

Fixed assets-cost 3,932,239.80 6,449,572.41 3,612,547.13 5,747,430.00

Less: Accumulated depreciation 1,165,340.32 1,911,365.31 1,070,216.35 1,702,674.96

Fixed assets-net value 2,766,899.48 4,538,207.09 2,542,330.78 4,044,755.04

Less: Fixed assets depreciation reserves 31,771.21 52,110.44 21,356.80 33,977.89

Fixed assets-net value after fixed assets depreciation reserves 2,735,128.27 4,486,096.66 2,520,973.98 4,010,777.15

Construction in process 5,617,866.31 9,214,299.59 2,668,780.74 4,245,932.29

Construction materials 82,888.59 135,952.03 54,063.42 86,012.91

Fixed assets pending disposal 21.20 34.76 1.69 2.68

Productive living assets 58,603.95 96,120.90 46,390.30 73,805.27

Oil and gas assets 4,400,503.21 7,217,607.66 3,277,956.48 5,215,108.55

Intangible assets 1,125,517.95 1,846,049.54 1,169,694.96 1,860,941.79

Development expenditures 292.28 479.39 166.28 264.55

Goodwill 356,361.87 584,496.82 348,547.49 554,526.27

Long-term prepaid expenses 87,659.68 143,777.47 71,687.21 114,051.72

Deferred tax assets 202,454.26 332,060.99 181,724.97 289,117.76

Other non-current assets 50,143.31 82,243.94 5,465.65 8,695.66

Total non-current assets 20,715,268.26 33,976,723.03 16,347,268.30 26,007,904.38

Total assets 31,777,902.52 52,121,410.09 28,662,383.73 45,600,801.42

Items 2013.12.31 2012.12.31

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

Current lialilites

Short-term borrowings 1,901,602.08 3,118,965.51 3,206,181.31 5,100,916.89

Accept money deposits and call loans from banks 84,200.18 138,103.26 21,851.04 34,764.20

Borrowings from banks and other financial institutions 110,000.00 180,419.56 150,000.00 238,644.50

Transaction financial liabilities 5,843.88 9,585.00 2,296.41 3,653.50

Notes payable 237,251.35 389,134.39 271,204.78 431,476.86

Accounts payable 4,066,380.64 6,669,587.23 3,906,654.46 6,215,343.99

Advances from customers 1,821,679.65 2,987,878.52 1,245,737.95 1,981,923.39

Taxes and dues payable 93,199.82 152,864.27 201,576.56 320,700.92

Interest payable 110,142.64 180,653.51 70,400.83 112,005.14

Dividend payable 35,189.05 57,716.29 50,609.48 80,517.82

Other payables 845,810.01 1,387,278.80 849,562.99 1,351,623.56

Current portion of non-current liabilities 994,764.29 1,631,590.30 736,423.07 1,171,622.09

Other current liabilities 187,139.95 306,942.79 904,359.92 1,438,803.47

Total current liabilities 10,493,203.53 17,210,719.43 11,616,858.79 18,481,996.32

Non-current liabilities

Long-term borrowings 3,958,484.00 6,492,617.57 2,770,162.48 4,407,226.93

Debentures payable 4,602,742.46 7,549,315.98 3,918,956.55 6,234,916.15

Long-term payables 629,295.62 1,032,156.70 4,107.03 6,534.14

Grants payable 23,280.23 38,183.72 22,535.62 35,853.34

Provisions 274,531.03 450,279.69 248,125.74 394,758.96

Deferred tax liabilities 410,849.99 673,867.03 303,149.05 482,299.02

Other non-current liabilities 34,113.07 55,951.49 36,603.24 58,234.41

Total non-current liabilities 9,933,296.39 16,292,372.17 7,303,639.72 11,619,822.95

Total liabilities 20,426,499.92 33,503,091.60 18,920,498.51 30,101,819.28

Shareholders’ equity

Paid-in capital 1,430,683.17 2,310,833.39 1,324,965.17 2,105,391.80

Capital surplus 1,792,067.08 2,894,539.16 1,910,318.30 3,035,527.71

Less: Treasury stock - - - -

Special reserve funds 8,140.38 13,148.32 7,565.84 12,022.24

Surplus reserves 136,346.57 220,226.40 124,257.07 197,446.56

Retained earnings 3,606,484.91 5,825,179.15 3,201,877.21 5,087,836.41

Converted difference in foreign currency statements -192,342.63 -27,089.89 -135,987.12 -197,122.13

Equity attributable to equity holders of the Company 6,781,379.49 11,236,836.53 6,432,996.47 10,241,102.59

Minority interests 4,570,023.11 7,381,481.96 3,308,888.76 5,257,879.56

Total shareholders' equity 11,351,402.60 18,618,318.48 9,741,885.23 15,498,982.15

Total liabilities and shareholders' equity 31,777,902.52 52,121,410.09 28,662,383.73 45,600,801.42

CONSOLIDATED BALANCE SHEET


Items 2013 2012

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

1. Total operating income 46,690,479.68 75,414,264.90 45,315,859.76 72,007,658.68

Including: Operating income 46,548,989.51 75,185,730.57 45,159,138.57 71,758,626.09

Including: Prime operating income 46,486,098.17 75,084,148.74 45,090,720.53 71,649,908.69

Other operating income 62,891.34 101,581.83 68,418.03 108,717.40

Interest revenue 18,529.99 29,929.57 35,583.72 56,543.12

Fee and commission income 122,960.18 198,604.77 121,137.47 192,489.47

2. Total cost of sales 46,244,345.57 74,693,670.97 44,831,724.59 71,238,359.80

Including: Cost of sales 44,174,934.69 71,351,167.28 43,070,776.25 68,440,183.45

Including: Prime operating cost 44,139,631.63 71,294,145.93 43,022,560.10 68,363,567.19

Other operating cost 35,303.06 57,021.35 48,216.15 76,616.27

Interest expense 2,235.06 3,610.06 1,891.11 3,005.00

Fee and commission expense 505.76 816.90 376.02 597.51

Tax and levies on operations 273,925.02 442,442.54 231,805.69 368,343.11

Selling expenses 431,476.22 696,918.56 382,369.97 607,592.27

General and administrative expenses 587,490.82 948,912.68 537,547.51 854,171.97

Including: Research and development expense 47,060.38 76,011.73 37,119.11 58,982.89

Finance expenses 407,443.41 658,100.88 358,675.80 569,941.84

Including: Interest expense 455,247.47 735,313.78 417,495.44 663,407.24

Interest revenue 77,153.13 124,617.41 92,205.29 146,515.75

Exchange net loss -3,407.71 -5,504.12 9,181.46 14,589.50

Asset impairment losses 303,241.78 489,794.84 107,943.89 171,524.65

Other 9,241.78 14,927.28 140,338.36 223,000.00

Add: Profit and loss from fair value changes -34,994.05 -56,522.24 40,299.48 64,036.55

Investment income 525,312.59 848,482.67 462,017.40 734,153.38

Including: Share of profit of associates and jointly controlled entities 222,226.24 358,938.89 357,105.51 567,446.62

Exchange gains 744.38 1,202.32 1,321.74 2,100.27

3. Operating profit 937,197.04 1,513,756.69 987,773.80 1,569,589.08

Add: Non-operating income 167,354.28 270,309.92 116,054.72 184,412.88

Including: Net income on disposal of fixed assets 96,219.49 155,413.31 29,592.29 47,022.64

Non-cash deal income - - - -

Debt restructuring income - - - -

Less: Non-operating expenses 17,359.41 28,038.84 36,767.61 58,424.34

Including: Net loss on disposal of fixed assets 3,065.10 4,950.74 25,042.33 39,792.67

Non-cash deal loss - - - -

Debt restructuring loss - - 15.00 23.84

Items 2013 2012

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

4. Total profit 1,087,191.91 1,756,027.77 1,067,060.91 1,695,577.62

Less: Income tax 391,978.47 633,121.97 312,537.85 496,627.86

5. Net profit 695,213.44 1,122,905.80 754,523.06 1,198,949.76

Net profit attributed to equity holders of the Company 464,255.05 749,862.79 513,151.21 815,405.85

Minority shareholders' profit and loss 230,958.39 373,043.01 241,371.85 383,543.91

6. Earning per share - - - -

Basic earning per share - - - -

Diluted earning per share - - - -

7. Other comprehensive income -185,293.04 -299,284.54 117,870.61 187,298.36

8. Total comprehensive income 509,920.40 823,621.27 872,393.67 1,386,248.12

Total comprehensive income attributed to equity holders of the Company 283,983.98 458,689.71 628,204.81 998,227.94

Total comprehensive income attributed to minority shareholders 225,936.42 364,931.55 244,188.86 388,020.18

CONSOLIDATED INCOME STATEMENT


Items 2013 2012

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

1.Cash flows from operating activities

Cash received from sales of goods or rendering of services 47,506,483.95 76,732,271.53 45,800,770.57 72,778,190.06

Net increase in deposits and due from banks 62,349.14 100,706.07 -98,123.92 -155,920.55

Net increase in inter-bank borrowing -40,000.00 -64,607.83 150,000.00 238,352.51

Net increase in disposal of transaction monetary assets - - - -

Receipt from interest, fee and commission 131,612.42 212,579.82 149,119.48 236,953.34

Refund of taxes and levies 98,314.27 158,796.79 96,500.33 153,340.64

Cash received relating to other operating activities 703,956.17 1,137,027.02 838,477.61 1,332,354.94

Sub-total of cash inflows 48,462,715.94 78,276,773.39 46,936,744.06 74,583,270.92

Cash paid for goods and services 45,856,138.26 74,066,640.17 43,581,773.57 69,252,166.74

Net increase in loans and advances -66,397.63 -107,245.17 -295,587.06 -469,692.79

Net increase in due from central bank and others -17,478.67 -28,231.48 -55,775.95 -88,628.92

Payments for interest, fee and commissions 3,063.36 4,947.93 2,618.03 4,160.09

Cash paid to and on behalf of employees 550,420.93 889,037.55 481,943.60 765,816.43

Payments of taxes and levies 779,231.47 1,258,611.37 706,295.48 1,122,315.33

Cash paid relating to other operating activities 826,872.91 1,335,561.61 1,401,285.67 2,226,666.35

Sub-total of cash outflows 47,931,850.63 77,419,321.99 45,822,553.33 72,812,803.23

Net cash flows from operating activities 530,865.31 857,451.41 1,114,190.73 1,770,467.69

2.Cash flows from investing activities

Cash received from disposal of investments 1,415,973.53 2,287,074.44 690,959.78 1,097,946.65

Cash received from returns on investments 289,435.24 467,494.57 193,846.95 308,026.04

Net cash received from disposal of fixed assets,oil and gas properties, intangible assets and other long-term assets 24,125.66 38,967.67 32,142.70 51,075.28

Net cash received from selling subsidiary company 5,034.81 8,132.20 47,578.84 75,603.57

Other cash received relating to investing activities 40,037.01 64,667.61 19,554.52 31,072.46

Sub-total of cash inflows 1,774,606.24 2,866,336.49 984,082.79 1,563,724.00 Cash paid to acquire fixed assets, oil and gas properties, intangible assets and other long-term assets 2,531,975.58 4,089,636.23 1,391,121.57 2,210,515.43

Cash paid to acquire investments 1,386,147.04 2,238,898.83 1,353,370.91 2,150,529.00

Net cash paid to purchase subsidiary company 15,681.50 25,328.69 539,912.03 857,929.24

Other cash paid relating to investing activities 127,755.60 206,350.30 45,837.21 72,836.09


Net cash flows from investing activities -2,286,953.48 -3,693,877.56 -2,346,158.93 -3,728,085.76

Items 2013 2012

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

3.Cash flows from financing activities

Cash received from capital contributions 1,197,897.64 1,934,839.19 225,277.60 357,969.87

Cash received from borrowings 18,524,472.96 29,920,650.22 17,036,439.12 27,071,186.55

Cash received relating to other financing activities 19,150.71 30,932.14 6,273.17 9,968.18

Sub-total of cash inflows 19,741,521.31 31,886,421.55 17,267,989.89 27,439,124.60

Cash repayments of borrowings 17,509,469.29 28,281,220.58 16,090,318.00 25,567,784.27

Cash payments for interest expenses and distribution of dividends or profits 767,553.42 1,239,749.03 627,902.28 997,747.22

Cash payments relating to other financing activities 57,838.94 93,421.21 58,989.71 93,735.64


Net cash flows from financing activities 1,406,659.66 2,272,030.72 490,779.90 779,857.47

4.Effect of foreign exchange rate changes on cash and cash equivalents -19,865.87 79,553.76 -3,831.76 4,907.76

5.Net increase / (decrease) in cash and cash equivalents -369,294.38 -484,841.67 -745,020.06 -1,172,852.85

Add: Cash and cash equivalents at beginning of the year 2,455,919.35 3,907,277.62 3,200,939.41 5,080,130.47

6.Cash and cash equivalents at end of the year 2,086,624.97 3,422,435.95 2,455,919.35 3,907,277.62

CONSOLIDATED CASH FLOW STATEMENT


NOTES TO THE FINANCIAL STATEMENTS

Basis of Preparation

The consolidated financial statements of Sinochem Group (the “Company”) include the financial statements of the Company and its subsidiaries which including 8 wholly-owned and 3 non-wholly owned subsidiary companies. All significant inter-company transactions and balances have been eliminated on consolidation.

On January 1, 2008 the Company adopted the Basic Standard and 38 specific standards of Accounting Standards for Business Enterprises issued by the Ministry of Finance (the “MOF”) on February 15, 2006, Application Guidance of Accounting Standard for Business Enterprises, Interpretation of Accounting Standards for Business Enterprises and other regulations issued thereafter (hereafter referred to as the “Accounting Standards for Business Enterprises”, “China Accounting Standards” or “CAS”).

Statement of Compliance with the Accounting Standards for Business Enterprises

The Company’s consolidated financial statements for the year ended December 31, 2013 truly and completely present the consolidated financial position as of December 31, 2013 and the consolidated financial performance and consolidated cash flows for the year then ended in compliance with the Accounting Standards for Business Enterprises.

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 its 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 dates. 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.

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 finished 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 fixed assets.

10. Long-term investments

The equity method is applied for long-term equity investments when an investor jointly control or has significant influence 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 significant risks and rewards in relation to ownership of the goods have been transferred to the buyer;

(2) the Company retains neither continuing management nor effective control over the goods sold;

(3) it is probable that the economic benefits associated with the transaction will flow to the Company; and

(4) the relevant amounts of revenue costs can be measured reliably.

Notes to Material Items

1. Taxes

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

2. Related party transactions

R e l ate d p a r t y t ra n s a c t i o n s we re c a r r i e d o u t o n te r m s approximating normal market conditions.


DIRECTORY OF DOMESTIC INSTITUTIONS

SINOCHEM CORPORATION

11TH FLOOR , CENTRAL TOWER, CHEMSUNNY WORLD TRADE CENTER, 28 FUxINGMENNEI STREET, BEIJING 100031, CHINATEL: 0086-10-59568888FAx: 0086-10-59568890

WEST PACIFIC PETROCHEMICAL COMPANY LTD.DALIAN

ADD: HAIQING DAO ECONOMIC & TECHNICAL DEVELOPMENT ZONE,DALIAN 116600, LIAONING, CHINATEL: 0086-411-87506666FAx: 0086-411-87510033HTTP: // www.wepec.com

SINOCHEM xINGZHONG OIL STAGING (ZHOUSHAN) CO., LTD.

ADD: NO.1 xINGZHONG ROAD, ZHOUSHAN 316000, ZHEJIANG, CHINATEL: 0086-580-2061860FAx: 0086-580-2027654

SINOCHEM TIANJIN PORT PETROCHEMICAL TERMINAL CO., LTD.

ADD: NO.99 SOUTH 1 ROAD, xIN GANG AREA, TANG GU DISTRICT, TIANJIN 300452, CHINATEL: 0086-22-25607010, 25607024FAx: 0086-22-25607089

SINOCHEM (ZHOUSHAN) xINGHAI CONSTRUCTION CO., LTD.

ADD: AOSHAN ISLAND, LINCHENG DISTRICT, ZHOUSHAN 316021, ZHEJIANG, CHINATEL: 0086-580-2061790FAx: 0086-580-2056984

ZHOUSHAN NATIONAL OIL RESERVE BASE CO., LTD.

ADD: AOSHAN ISLAND, LINCHENG DISTRICT, ZHOUSHAN 316021, ZHEJIANG, CHINATEL: 0086-580-2310162FAx: 0086-580-2310100

BEIJING PETROLEUM CHEMICAL PRODUCTS DEVELOPMENT & SUPPLY CO., LTD.

ADD: ROOM 902, TIANCHUANG TECHNOLOGY PLAZA, NO.8 CAIHEFANG ROAD, HAIDIAN DISTRICT, BEIJING 100080, CHINATEL: 0086-10-62698781FAx: 0086-10-62698923

BEIJING JILI OIL PRODUCTS SERVICE CO., LTD.

ADD: OIL WAREHOUSE OFFICE BUILDING IN THE PUBLIC DRIVING SCHOOL YARD, LANGFA VILLAGE, HUANGCUN COUNTY, DAxING DISTRICT, BEIJING 102613, CHINATEL: 0086-10-83702373FAx: 0086-10-83702372

SINOPEC-SINOCHEM OIL PRODUCTS SALES CO., LTD.

ADD: ROOM 1008, TIANCHUANGKEJI TOWER, NO.8 CAIHEFANG ROAD, HAIDIAN DISTRICT, BEIJING 100080, CHINATEL: 0086-10-62698718FAx: 0086-10-62698991

ZHOUSHAN ZHONGWEI OILSTORE CO., LTD.

ADD: NO.1 xINGZHONG ROAD, ZHOUSHAN 316000, ZHEJIANG, CHINATEL: 0086-580-2061860FAx: 0086-580-2027654

SINOCHEM SINOPEC SHANGHAI ORIENT PETROCHEMICAL TERMINAL CO., LTD.

ADD: NO.918 LINGHAI ROAD, WAIGAOQIAO, PUDONG NEW AREA, SHANGHAI 200137, CHINATEL: 0086-21-58649568FAx: 0086-21-58644051E-MAIL: [email protected]: // zhdf.sinochemoil.com/main.php

SINOCHEM NANTONG TERMINAL CO., LTD.

ADD: NO.1 TONGSHENG SOUTH ROAD, NANTONG 226017, JIANGSU, CHINATEL: 0086-513-85996915, 85996910FAx: 0086-513-85996900

SINOCHEM YANGZHOU PETROCHEMICAL TERMINAL CO., LTD.

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

YIZHENG 211900, JIANGSU, CHINATEL: 0086-514-89185050FAx: 0086-514-83299958

SINOCHEM ZHUHAI PETROCHEMICAL TERMINAL CO., LTD.

ADD: GAOLAN PORT ECONOMIC ZONE, ZHUHAI 519050, GUANGDONG, CHINATEL: 0086-756-7228000FAx: 0086-756-7228111

SINOCHEM REPRESENTATIVE OFFICE IN DALIAN WEST PACIFIC PETROCHEMICAL CO., LTD.

ADD: BUILDING 1, WEPEC, HAIQINGDAO, ECONOMIC&TECHNICAL DEVELOPMENT ZONE, DALIAN 116600, LIAONING, CHINATEL: 0086-411-87514200FAx: 0086-411-87514197

SINOCHEM PETROLEUM ExPLORATION AND PRODUCTION CO., LTD.

ADD: 8TH FLOOR, CENTRAL TOWER, CHEMSUNNY WORLD TRADE CENTER, 28 FUxINGMENNEI STREET, BEIJING 100031, CHINATEL: 0086-10-59568800FAx: 0086-10-59569564EMAIL: e&[email protected]

SHANDONG HONGRUN PETROCHEMICAL CO., LTD.

ADD: MIDDLE PART OF FUSHOU EAST STREET,NEW&HIGH TECHNOLOGY INDUSTRY DEVELOPMENT ZONE, WEIFANG 261061, SHANDONG, CHINA TEL: 0086-536-8875915FAx: 0086-536-8886638

SINOCHEM QUANZHOU PETROCHEMICAL CO., LTD.

ADD: QUANHUI PETROCHEMICAL DISTRICT, QUANZHOU 362103, FUJIAN, CHINATEL: 0086-595-27570009FAx: 0086-595-27570567——BEIJING REPRESENTATIVE OFFICEADD: ROOM 1702, SINOCHEM TOWER, A2 FUxINGMENWAI STREET, BEIJING 100045, CHINATEL: 0086-10-59369500FAx: 0086-10-59368701

SINOCHEM OIL CO., LTD.REPRESENTATIVE OFFICE IN SHANDONG HONGRUN PETROCHEMICAL CO., LTD.

ADD: MIDDLE PART OF FUSHOU EAST STREET, NEW&HIGH TECHNOLOGY

INDUSTRY DEVELOPMENT ZONE, WEIFANG 261061,SHANDONG,CHINA TEL: 0086-536-8875895FAx: 0086-536-8875895

SINOCHEM OIL CO., LTD.

ADD: 9TH/4TH FLOOR, CENTRAL TOWER, CHEMSUNNY WORLD TRADE CENTER, 28 FUxINGMENNEI STREET, BEIJING 100031, CHINATEL: 0086-10-59569575, 59569585, 59569338FAx: 0086-10-59568180HTTP: // www.sinochemoil.com

SINOCHEM OIL (ZHUHAI) CO., LTD.

ADD: ROOM 304, 3/F, INTERNATIONAL SCIENCE AND TECHNOLOGY BUILDING, NO.288 HONGSHAN ROAD, ZHUHAI GUANGDONG, CHINAPOSTAL CODE: 519000TEL: 0086-756-2681582FAx: 0086-756-2681552

SINOCHEM INDUSTRIES CO., LTD.

ADD: 9TH/4TH FLOOR, CENTRAL TOWER, CHEMSUNNY WORLD TRADE CENTER, 28 FUxINGMENNEI STREET, BEIJING 100031, CHINATEL: 0086-10-59569575, 59569585, 59569338FAx: 0086-10-59568180HTTP: // www.sinochemoil.com

SINOCHEM INTERNATIONAL OIL (TIANJIN) CO., LTD.

ADD: HUANBOHAI DEVELOPMENT CENTER, NO.+9, BINSHUI ROAD, HExI DISTRICT, TIANJIN 300061, CHINATEL: 0086-22-28208680FAx: 0086-22-28208660


SINOCHEM OIL HEILONGJIANG CO., LTD.

ADD: ROOM 205, NO.699 CHUANGxINYI ROAD, SONGBEI, HAERBIN 150028, HEILONGJIANG, CHINATEL:0086-451-51901900FAx:0086-451-51901988

SINOCHEM OIL FUJIAN CO., LTD.

ADD: 26/F, xIAMEN CONSTRUCTION BANK BUILDING, NO.98 LUJIANG ROAD, SIMING DISTRICT, xIAMEN 361001, FUJIAN , CHINATEL: 0086-592-8129069FAx: 0086-592-8129155

SINOCHEM FERTILIZER COMPANY LIMITED

10TH FLOOR, CENTRAL TOWER, CHEMSUNNY WORLD TRADE CENTER, 28 FUxINGMENNEI STREET, BEIJING 100031, CHINATEL: 0086-10-59569601, 59569604FAx: 0086-10-59569627HTTP: // www.sinofert.com

SINOCHEM CHONGQING FULING CHEMICALS CO., LTD.

NO.2 LIMING ROAD, FULING DISTRICT, CHONGQING 408000,CHINA TEL: 0086-23-72884018FAx: 0086-23-72884100HTTP: // www.sinochem-zhfl.com

SINOCHEM SHANDONG FERTILIZERS CO., LTD.

DONGZONG ROAD, ECONOMY DEVELOPMENT ZONE, LINYI 276008, SHANDONG, CHINATEL: 0086-539-6016138FAx: 0086-539-6016555HTTP: // www.sinochemsdfy.com

HUBEI SINOCHEM ORIENT FERTILIZER CO., LTD.

9 RAILWAY STATION ROAD WULONGQUAN STREET, JIANGxIA DISTRICT, WUHAN 430213, HUBEI, CHINA TEL: 0086-27-58908512FAx: 0086-27-58908510HTTP: // www.sinochem-zhdf.com

FUJIAN SINOCHEM ZHISHENG FERTILIZER CO., LTD.

NO.188 BANWEI, YONGAN 366013, FUJIAN, CHINATEL: 0086-598-3699383FAx: 0086-598-3636543HTTP: // www.sinochem-zs.com

YUNNAN THREE CIRCLES-SINOCHEM-MOSAIC FERTILIZERS CO., LTD.

HAIKOU TOWN, xISHAN DISTRICT, KUNMING 650113, YUNNAN,CHINATEL: 0086-871- 8596688FAx: 0086-871- 8583121

SINOCHEM OIL GUANGDONG CO., LTD.

ADD: ROOM 1204-1212, NO.28 HUAxIA ROAD, ZHUJIANG CITY,GUANGZHOU 510623, GUANGDONG, CHINATEL: 0086-20-85601000FAx: 0086-20-85608600

TOTAL-SINOCHEM OIL CO., LTD.

ADD: C+D PART OF 14/F, xINMEI UNION SQUARE, NO.999 SOUTH PUDONG ROAD, SHANGHAI 200120, CHINATEL: 0086-21-68885788FAx: 0086-21-68885755

SINOCHEM (FUJIAN) FUELS DISTRIBUTION CO., LTD.

ADD: ROOM 0408, 26/F, Construction Bank Building, NO.98 LUJIANG ROAD, xIAMEN 361001, FUJIAN, CHINATEL: 0086-592-8129250FAx: 0086-592-8129199

SINOCHEM OIL HUNAN CO.,LTD.

ADD: 2F, TIANxIN VENTURE BUILDING, NO.318 xINSHAO EAST ROAD,TIANxIN DISTRICT, CHANGSHA 410004, HUNAN, CHINATEL: 0086-731-88738117FAx: 0086-731-88735888

HAINAN PACIFIC OIL CO., LTD.

NO.47 7 LANE, SHANG PIN JIE, SANYA 572000, HAINAN, CHINATEL: 0086-898-88289510FAx: 0086-898-88289521

SINOCHEM OIL SHANGHAI CO., LTD.

ADD: ROOM 2606B, ZENDAI WUDAOKOU PLAZA, NO.1199 MINSHENG ROAD, PUDONG NEW AREA, SHANGHAI 200135, CHINATEL: 0086-21-50475118FAx: 0086-21-50477666

SINOCHEM OIL JIANGSU CO., LTD.

ADD: 32F, NANJING SUNNY WORLD CENTER, NO.188 LUSHAN ROAD,JIANYE DISTRICT, NANJING 210019, JIANGSU, CHINATEL: 0086-25-86308300FAx: 0086-25-83204797

SINOCHEM OIL ZHEJIANG CO., LTD.

ADD: F39, WINNING TOWER, NO.100 MINxIN ROAD, QIANJIANG CBD, JIANGGAN DISTRICT, HANGZHOU 310016, ZHEJIANG,CHINATEL: 0086-571-28135060FAx: 0086-571-28110080

SINOCHEM OIL JIANGxI CO., LTD.

ADD: 26F, UNIT C, DINGFENG BUSINESS CENTER, NO.1368 HONGGUZHONG ROAD, NANCHANG 330038, JIANGxI, CHINATEL: 0086-791-86719500FAx: 0086-791-86669992

SINOCHEM OIL ANHUI CO., LTD.

ADD: ROOM 1412-1421, TOWER A, BLUE BUSINESS PORT, NO.188 SOUTH QIANSHAN ROAD, HEFEI 230031, ANHUI, CHINATEL: 0086-551-3712555FAx: 0086-551-3712558

SINOCHEM OIL LIAONING CO., LTD.

ADD: FLOOR 4, SHANGDU BLOCK, NO.478 ZHONGSHAN ROAD, SHAHEKOU DISTRICT, DALIAN 116021, LIAONING, CHINATEL: 0086-411-84990705FAx: 0086-411-84990466

SINOCHEM OIL LIAONING (CHAOYANG) CO., LTD.

ADD: ZHANGFUDIAN VILLAGE, FUSHANG STREET, JIANPING COUNTY, CHAOYANG 122400, LIAONING, CHINATEL: 0086-421-7417388FAx: 0086-421-7417388

TOTAL-SINOCHEM FUELS CO., LTD.

ADD: ROOM 1201-1203, 12/F, CHENGJIAN PLAZA, NO.18 BEITAIPINGZHUANG ROAD, BEIJING 100088, CHINATEL: 0086-10-82255525FAx: 0086-10-82255518

SINOCHEM OIL SHANxI CO., LTD.

ADD: F33, INTERNATIONAL ENERGY CENTER, NO.100 YINGZE WEST STREET, TAIYUAN 030024, SHANxI, CHINA TEL: 0086-351-6198500FAx: 0086-351-6198975

SINOCHEM OIL SHANDONG CO., LTD.

ADD: ROOM 2006-2010, 20/F, HUAxIN INTERNATIONAL BUSINESS PLAZA, NO.28 CHANGJIANG ROAD, YANTAI ECONOMY TECHNOLOGY DEVELOPMENT ZONE, YANTAI 264006, SHANDONG , CHINATEL: 0086-535-6109300FAx: 0086-535-6109393

GUIYANG SINOCHEM KAILIN FERTILIZER CO., LTD.

xIAOZHAIBA TOWN, xIFENG COUNTY, GUIYANG 551109,GUIZHOU, CHINATEL: 0086-851-7714004FAx: 0086-851-7714006

YUNNAN THREE CIRCLES-SINOCHEM FERTILIZERS CO., LTD.

HAIKOU COUNTY, xISHAN DISTRICT, KUNMING 650113, YUNNAN,CHINATEL: 0086-871-8596930FAx: 0086-871-8596927


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

ROOM 16C BIHAILANTIANHAIYUEGE, NO. 90 SANYAWAN ROAD, SANYA 572000, HAINAN, CHINATEL: 0086-898-88298456FAx: 0086-898-88898678

China National Seed Group Co., Ltd. Northeast Office

ROOM 712, UNIT A, BUILDING 9, MENGKESHIJIE, NANZHI ROAD, HARBIN 150090, CHINATEL: 0086-451-51956266FAx: 0086-451-51956266

HUNAN DONGTING HI-TECH SEED CO., LTD.

HUABANQIAO ROAD NO.542 YUEYANG 414000, HUNAN, CHINATEL: 0086-730-8613270FAx: 0086-730-8626622

SICHUAN CHUANZHONG SEEDS CO., LTD.

NO.6 HUANZHAN ROAD, YUTANG TOWN, LONGMATAN DISTRICT, LUZHOU 646100, SICHUAN, CHINATEL: 0086-830-2666169FAx: 0086-830-2666158HTTP: // www.czseed.com

HUALE SEEDS COMPANY LTD.

NO.1 4TH STREET, QINGHE NANZHEN,HAIDIAN DISTRICT, BEIJING 100085, CHINA TEL: 0086-10-62912968FAx: 0086-10-62912663HTTP: // www.hualeseeds.cn

HENAN CHINASEED-LIANFENG SEED CO., LTD.

WEST OF RENMIN ROAD, WEISHI 475000, HENAN, CHINATEL: 0086-378-7586702FAx: 0086-378-7586705

HUBEI WULIN SEED CORP., LTD.

NO.126 ROAD, xUEYUAN, ENSHI 445000, HUBEI, CHINATEL: 0086-718-8431092FAx: 0086-718-8431092

GOLDEN RICE SEEDS CO., LTD. OF GUANGDONG

GUANGDONG ACADEMY OF AGRICULTURAL SCIENCES IN RICE RESEARCH INSTITUTE, WUSHAN ROAD, TIANHE DISTRICT, GUANGZHOU 510640, GUANGDONG, CHINATEL: 0086-20-85266580FAx: 0086-20-87587739HTTP: // www.goldenrice.com.cn

China National Seed Group Co., Ltd. Guangxi offices

ROOM A821\A822, CAIZHISHIDAI, NO.31, KEYUAN ROAD, GAOxIN DISTRICT, NANNING 530003, GUANGxI, CHINA TEL: 0086-771-2275051FAx: 0086-771-2275051

CHINA NATIONAL SEED GROUP CO., LTD, MIANYANG SEED COMPANY LTD.

NO.1 ROAD, SONGYA CITY, MIANYANG 621000, SICHUAN TEL: 0086-816-2240776FAx: 0086-816-2222521

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

ROOM 908, 9TH FLOOR, TIMES INTERNATIOAL PLAZA, NO.89 FUxIN MIDDLE ROAD, FUZHOU 350011 , FUJIAN, CHINATEL: 0086-591-87321966FAx: 0086-591-87327000

CHINA NATIONAL SEED GROUP CO., LTD, YUNNAN SEED COMPANY LTD.

NO. YI-4-2 NANYUAN SUBSTRICT, LUYI, SHILIN COUNTY 652200, YUNNAN, CHINATEL: 0086-871-7781008FAx: 0086-871-7786936

CHINA NATIONAL SEED GROUP CO., LTD, JIUQUAN SEED COMPANY LTD.

NO.19 JIUYIN ROAD, SUZHOU DISTRICT, JIUQUAN 735000, GANSU CHINA TEL: 0086-937-2627983FAx: 0086-937-2627983

CHINA SEED International Co., Ltd

7/F, TOWER F, PHOENIx PLACE 5A, SHUGUANG xILI, CHAOYANG DISTRICT, BEIJING 100028, CHINATEL: 0086-10-57350800FAx: 0086-10-57350789HTTP: // www.cndkseeds.com

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

9 FLOOR, COMPREHENSIVE BULIDING, JIANGxI ACADEMYOF SCIENCES, NO.382, SHANGFANGROAD, NANCHANG 330046, JIANGxI,CHINATEL: 0086-791-6374996FAx: 0086-791-6374997

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

SECTION 2, NORTHEAST INDUSTRIAL PARK, ZHANGYE 734000, GANSU, CHINA TEL: 0086-936-8436128FAx: 0086-936-8436116

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

ROOM 1401, NO.9 CUIZHUROAD, 863 COUNTRY SOFTWARE GARDEN GAOxIN DISTRICT, ZHENGZHOU 450001, HENAN, CHINATEL: 0086-371-55638026FAx: 0086-371-55638026

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

ROOM 703 SHUNCHENG BUILDING CHEZHAN ROAD SHUANGQIAO DISTRICT CHENGDE 067000, HEBEI, CHINATEL: 0086-314-2525660FAx: 0086-314-2525661

China National Seed Group Co., Ltd. Hubei branch

ROOM 102-106, REGION A, AOxIN COLLEGE, LUOSHINAN ROAD, HONGSHAN DISTRICT, WUHAN 130072, CHINATEL: 0086-27-87207338FAx: 0086-27-87207398

CHINA NATIONAL SEED GROUP CO., LTD. SHANDONG MARKETING AND SERVICE BRANCH

NO.11 SANGYUAN ROAD, LICHENG DISTRICT, JINAN 250100, SHANGDONG, CHINATEL: 0086-531-88963462FAx: 0086-531-88963462

SINOCHEM (YANTAI) CROP NUTRITION CO., LTD.

119 HONGFU STREET, FUSHAN DISTRICT, YANTAI 265500,SHANDONG, CHINATEL: 0086-535-6633090FAx: 0086-535-6630882HTTP: // www.sinochemyt.com

SINOCHEM JILIN CHANGSHAN CHEMICALS CO., LTD.

CHANGSHAN, QIANGUO COUNTY, SONGYUAN 131109, JILIN, CHINATEL: 0086-438-5197017FAx: 0086-438-5196248HTTP: // www.sinochemjlcs.com

SINOCHEM YUNLONG CO.,LTD

JINSUO INDUSTRIAL PARK, KUNMING 655204, YUNNAN, CHINATEL: 0086-871-62731168FAx: 0086-871-62731598HTTP: // www.sinochemzhyl.com

CHINA NATIONAL SEED GROUP CO., LTD.

15/F, SINOCHEM TOWER, A2 FUxINGMENWAI STREET, BEIJING 100045, CHINATEL: 0086-10-59369999FAx: 0086-10-59369998HTTP: // www.chinaseeds.com.cn

NUNHEMS BEIJING SEEDS CO., LTD.

NO.16 OF THE 4TH JINGHAI ROAD, BEIJING ECONOMICS & TECHNOLOGY DEVELOPMENT DISTRICT, BEIJING 100107, CHINATEL: 0086-10-62912968FAx: 0086-10-62912663

SICHUAN YIBIN YIZITOU SEED CO., LTD

NO.224,xIJIAO YIBIN,SICHUAN,644600TEL: 0791-6374996FAx: 0791-6374996


SINOCHEM INTERNATIONAL CORP. BEIJING BRANCH

ROOM 1801, SINOCHEM TOWER, A2 FUxINGMENWAI STREET, BEIJING 100045, CHINA TEL: 0086-10-59369667FAx: 0086-10-59368569

SINOCHEM LANTIAN CO., LTD.

NO.96 JIANGNAN AVENUE, BINGJIANG DISTRICT, HANGZHOU 310051, ZHEJIANG, CHINATEL: 0086-571-85216718FAx: 0086-571-85215306E-MAIL: [email protected]: // www.sinochemlt.com

ZHEJIANG INT’L GROUP CO., LTD.

NO.96 JIANGNAN AVENUE, BINJIANG DISTRICT, HANGZHOU 310051, ZHEJIANG, CHINATEL: 0086-571-85068752FAx: 0086-571-85068752E-MAIL: [email protected]: // www.intmedic.com

ZHEJIANG INT' L MEDICINE CO., LTD.

NO.96 JIANGNAN AVENUE, BINJIANG DISTRICT, HANGZHOU 310051, ZHEJIANG, CHINATEL: 0086-571-85063052FAx: 0086-571-85057018E-MAIL: [email protected]: // www.intmedic.com

ZHEJIANG HUALONG INDUSTRIAL GROUP CO., LTD.

NO.96 JIANGNAN AVENUE, BINJIANG DISTRICT, HANGZHOU 310051, ZHEJIANG, CHINATEL: 0086-571-87011929FAx: 0086-571-87033623E-MAIL: [email protected]

SINOCHEM TAICANG CHEMICAL INDUSTRIAL PARK

NO.18 SOUTH BINJIANG RD., PETROCHEMICAL INDUSTRIAL SECTION, TAICANG PORT DEVELOPMENT ZONE, TAICANG 215433, JIANGSU, CHINATEL: 0086-512-53713100FAx: 0086-512-53713199E-MAIL: [email protected]: // www.sinochemtc.com

SINOCHEM MODERN ENVIRONMENTAL PROTECTION CHEMICALS (xI’AN) CO., LTD.

JINGHE INDUSTRIAL AREA, xI'AN ECONOMIC & TECHNICAL DEVELOPMENT ZONE, xI'AN 710201, SHAANxI, CHINATEL: 0086-29-86033368FAx: 0086-29-86030181E-MAIL: [email protected]: // www.jincool.com

ZHEJIANG RESEARCH INSTITUTE OF CHEMICAL INDUSTRY, LTD.

NO.387 TIANMUSHAN RD., HANGZHOU 310023, ZHEJIANG, CHINATEL: 0086-571-85226855FAx: 0086-571-85229858E-MAIL: [email protected]: // www.zciri.com

ZHEJIANG LANTIAN ENVIRONMENTAL PROTECTION HI-TECH CO., LTD.

NO.96 5 AVENUE, HANGZHOU ECONOMIC & TECHNOLOGICAL DEVELOPMENT AREA310012, ZHEJIANG, CHINATEL: 0086-571-86936152FAx: 0086-571-86917606E-MAIL: [email protected]

ZHEJIANG HETIAN CHEMICAL CO., LTD.

NO.926 xIxI RD., HANGZHOU 310023, ZHEJIANG, CHINATEL: 0086-571-85224541FAx: 0086-571-85221760E-MAIL: [email protected]: // www.ht-chem.com

ZHEJIANG TITAN DESIGN & ENGINEERING CO., LTD.

NO.2 WULIN LANE MOGANSHAN RD., HANGZHOU 310012, ZHEJIANG, CHINATEL: 0086-571-88362888FAx: 0086-571-88362900E-MAIL: [email protected]: // www.zpcdi.com

SINOCHEM INTERNATIONAL CORP. GUANGDONG BRANCH

12F, YINGxIN BUILDING, 28 HUAxIA ROAD, ZHUJIANGxINCHENG TIANHE DISTRICT, GUANGZHOU 510623, GUANGDONG, CHINATEL: 0086-20-85608200FAx: 0086-20-85608230

SINOCHEM INTERNATIONAL CORP. TIANJIN BRANCH

RM. 3701, 3702 & 3715, xINDA SQUARE, 188 NORTH JIEFANG RD., HEPING DISTRICT, TIANJIN 300042, CHINATEL: 0086-22-58909759FAx: 0086-22-58909764

SINOCHEM INTERNATIONAL CROP CARE CO., LTD.

ROOM 2506, JIN MAO TOWER, NO.88 CENTURY BOULEVARD, PUDONG NEW AREA, SHANGHAI 200121, CHINATEL: 0086-21-61048666FAx: 0086-21-50477405

SAFE-TRANSPORT CHEMICAL LOGISTICS CO., LTD.


SINOCHEM SHIPPING CO., LTD. (HAINAN)


SHSANDONG LUYAN SEEDCoO, LTD

NO.28 DONGJIAO SANGYUAN ROAD, NINAN, SHANDONG, 250100.TEL: 0531-83179884FAx: 0531-83179180HTTP: //www.luyans.com

SHENYANG RESEARCH INSTITUTE OF CHEMICAL INDUSTRY CO., LTD.

NO.8 SHENLIAODONG ROAD, SHENYANG 110021, LIAONING, CHINA TEL: 0086-24-85869252FAx: 0086-24-25873080HTTP: // www.syrici.com.cn

SINOCHEM AGRO CO., LTD.

17TH-19TH FLOORS, NO.33 HENAN ROAD(S), SHANGHAI 200002, CHINATEL: 0086-21-63289888FAx: 0086-21-63283968 E-MAIL: [email protected]: // www.sinochemagro.com

SINOCHEM INTERNATIONAL CORP.

STOCK CODE: 600500.SH18/F, JIN MAO TOWER, NO.88 CENTURY BOULEVARD, PUDONG NEW AREA, SHANGHAI 200121, CHINA TEL: 0086-21-61048666FAx: 0086-21-50490909E-MAIL: [email protected]: // www.sinochemintl.com

SINOCHEM PLASTICS CO., LTD.

7F, SINOCHEM TOWER, A2 FUxINGMENWAI STREET, BEIJING 100045, CHINATEL: 0086-10-59368520FAx: 0086-10-59368578, 59368561E-MAIL: [email protected]: // www.sinochemplastics.com

SINOCHEM PLASTICS CO., LTD. SHANGHAI BRANCH

29F, LUJIAZUI BUSINESS PLAZA, NO.1600 CENTURY BOULEVARD, PUDONG NEW AREA, SHANGHAI 200122, CHINATEL: 0086-21-50812631FAx: 0086-21-50816335, 50815825E-MAIL: [email protected]: // www.sinochemplastics.com


SINOCHEM TIANJIN CO., LTD.

NO.58 NANJING ROAD, HExI DISTRICT, TIANJIN 300042, CHINATEL: 0086-22-23146216, 23146392FAx: 0086-22-23146215E-MAIL: [email protected]: // www.sinochemtianjin.com

SINOCHEM GUANGDONG CO., LTD.

13/F, NO.28, HUA xIA ROAD, TIANHE DISTRICT, GUANGZHOU510623, GUANGDONG, CHINATEL: 0086-20-38686368FAx: 0086-20-38686315E-MAIL: [email protected]:// www.sinochem-guangdong.com

JIN MAO INVESTMENT (CHANGSHA) CO., LTD.

3F, WUQIANG BUILDING, NO.2 LUTIAN RD, CHANGSHA NATIONAL HI-TECH PACK, CHANGSHA 410205, HUNAN, CHINATEL: 0086-731-89806600FAx: 0086-731-89806608

SINOCHEM JINMAO PROPERTY MANAGEMENT(BEIJING) CO., LTD.

ROOM 215, Sinochem Tower, No.A2 Fuxingmenwai Ave, BEIJING 100045, CHINATEL: 0086-10-59368160FAx: 0086-10-59368189

JIN MAO (SHANGHAI) DEVELOPMENT CO., LTD.

706A, JIN MAO TOWER, NO.88 SHIJI DADAO, PUDONG NEW AREA,

SHANGHAI 200121, CHINATEL: 0086-21-50476688FAx: 0086-21-50470650

QINGDAO LANHAI NEW HARBOUR CITY PROPERTIES LTD.

30F, HUAYIN BUILDING, NO.5 DONGHAI WEST ROAD, QINGDAO 266071, SHANDONG, CHINATEL: 0086-532-66067979TAx: 0086-532-82996970

FRANSHION PROPERTIES (SUZHOU) CO., LTD.

26F, Coastal International Center, 1296 Ganjiang Road West Jinchang District, Suzhou 215004, Jiangsu, ChinaTel: 0086-512-65700186Fax: 0086-512-65700160

Chongqing xingtuo Real Estate CO.,LTD

21F, Bldg5, Neo-China Top City, Jiulongpo District, Chongqing 400039, ChinaTel: 0086-23-65938882Fax: 0086-23-65938882

SHANGHAI JINMAO CONSTRUCTION&DECORATION CO.,LTD

506-510 Green Center East Building, No.596 Longhua Road, xuhui District, Shanghai 200032, ChinaTel: 0086-21-64731010 Fax: 0086-21-50473978

CHINA JIN MAO GROUP CO., LTD.

8/F, JIN MAO TOWER, NO.88 SHIJI DADAO, PUDONG NEW AREA, SHANGHAI 200121, CHINATEL: 0086-21-50476688FAx: 0086-21-50470088HTTP: // www.jinmao88.com

BEIJING CHEMSUNNY PROPERTY CO., LTD.

22/F, SINOCHEM TOWER, A2 FUxINGMENWAI STREET, BEIJING 100045, CHINATEL: 0086-10-59369900FAx: 0086-10-59369901

JIN MAO (LIJIANG) PROPERTY CO., LTD.

NORTH OF xIANG JIANG ROAD, GUCHENG AREA, LIJIANG 674100, CHINATEL: 0086-888-8886999FAx: 0086-888-8893377

SHANGHAI INTERNATIONAL SHIPPING SERVICE CENTER DEVELOPMENT CO., LTD.

NO.50 GONGPING RD, 200082, SHANGHAI, CHINATEL: 0086-21-65853570FAx: 0086-21-65853571

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

10F, BLOCK D, YEQING BUILDING, 9 WANGJING NORTHERN ROAD, CHAOYANG DISTRICT, BEIJING 100102, CHINA TEL: 0086-10-57681515FAx: 0086-10-57681500

SINOCHEM HEBEI CO.

NO.707 LIANMENG ROAD, SHIJIAZHUANG 050061, HEBEI, CHINATEL: 0086-311-85028888FAx: 0086-311-85028899 E-MAIL: [email protected] HTTP: // www.sinochemhebei.com

SINOCHEM QINGDAO CO., LTD.

THE NORTH BUILDING, GOLDEN PLAZA, 20 xIANGGANGZHONG ROAD, QINGDAO 266071, SHANDONG, CHINATEL: 0086-532-85023555, 85021672FAx: 0086-532-85021555E-MAIL: [email protected]: // www.sinochemqingdao.com

SINOCHEM JIANGSU CO., LTD.

FLOORS 21-22, JINCHENG TOWER, NO.216 MIDDLE LONGPAN ROAD, NANJING 210002, JIANGSU, CHINATEL: 0086-25-51817890FAx: 0086-25-51817799E-MAIL: [email protected]: // www.sinochemjiangsu.com

SINOCHEM NINGBO LTD.

NO.21 JIANGxIA STREET, NINGBO 315000, ZHEJIANG, CHINATEL: 0086-574-87348868FAx: 0086-574-87366775E-MAIL: [email protected]: // www.sinochem-nb.com

SINOCHEM PLASTICS CO., LTD. SHENZHEN BRANCH

RM.2506, RONGCHAO ECONOMIC TRADE CENTER, 4028 JIN TIAN ROAD, FUTIAN CENTRAL DISTRICT, SHENZHEN 518035, GUANGDONG, CHINATEL: 0086-755-83551893 FAx: 0086-755-83551982E-MAIL: [email protected]: // www.sinochemplastics.com

SINOCHEM PLASTICS CO., LTD. JIANGSU BRANCH

19F, JINCHENG TOWER, 216 LONGPAN MIDDLE ROAD, BAIxIA DISTRICT, NANJING 210002, JIANGSU, CHINATEL: 0086-25-51817777 FAx: 0086-25-51817788E-MAIL: [email protected]: // www.sinochemplastics.com

SINOCHEM LIAONING CO.

32/F, RAINBOW BUILDING, NO.23 RENMIN ROAD, DALIAN 116001, LIAONING, CHINATEL: 0086-411-82821888, 82820643FAx: 0086-411-82820646E-MAIL: [email protected]: // www.sinochemliaoning.com

FRANSHION PROPERTIES (NINGBO) CO., LTD.

18F Venture Tower,16th Buzheng Lane,Hai Shu District Ningbo 315000,ChinaTel: 0086-574-55871111Fax: 0086-574-55871111

NANJING International Group CO., LTD.

22F South Tower,NIC 201Zhongyang Road,Nanjing 210009,ChinaTel: 025-83271600Fax: 025-83271616


SHANGHAI DOMIN MEDICAL ENGINEERING CO., LTD.

ROOM 3202, CHINA MERCHANTS TOWER, NO.161 LU JIA ZUI DONG LU, PUDONG NEW AREA, SHANGHAI 200120, CHINATEL: 0086-21-20307999FAx: 0086-21-20307888

Tianjin Horizon Equipment Rental Co.,Ltd.

13-505, NO.18, FUYUAN ROAD,WUQING DISTRICT,TIANJIN 301700,CHINATEL: 0086-21-50490099FAx: 0086-21-50490099

LION FUND MANAGEMENT CO., LTD.

FLOORS 19-20, INDUSTRIAL BANK TOWER, NO.4013 SHENNAN ROAD, SHENZHEN 518048, GUANGDONG, CHINATEL: 0086-755-83026688FAx: 0086-755-83026677E-MAIL: [email protected]: // www.lionfund.com.cn

SINOCHEM FINANCE CO., LTD.

3TH FLOOR, CENTRAL TOWER, CHEMSUNNY WORLD TRADE CENTER, 28 FUxINGMENNEI STREET, BEIJING 100031, CHINATEL: 0086-10-59569332FAx: 0086-10-59568943HTTP: // www.sinochemfinance.com

SINOCHEM INSURANCE BROKERS CO., LTD.

301-302, 3TH FLOOR, CENTRAL TOWER, CHEMSUNNY WORLD TRADE CENTER, 28 FUxINGMENNEI STREET, BEIJING 100031, CHINATEL: 0086-10-59568326FAx: 0086-10-59569757

MANULIFE-SINOCHEM LIFE INSURANCE CO., LTD.

6/F, JIN MAO TOWER, NO.88 CENTURY BOULEVARD, PUDONG NEW AREA, SHANGHAI 200121, CHINATEL: 0086-21-50492288FAx: 0086-21-50490042HTTP: // www.manulife-sinochem.com

SINOCHEM INTERNATIONAL TENDERING CO., LTD.

21/F, SINOCHEM TOWER, A2 FUxINGMENWAI STREET, BEIJING 100045, CHINATEL: 0086-10-59368001FAx: 0086-10-59369738E-MAIL: [email protected]: // www.sinochemitc.com

SINOCHEM ENEGY-SAVING AND ENVIONMENTAL PROTECTION HOLDING (BEIJING) CO., LTD.

21/F, SINOCHEM TOWER, A2 FUxINGMENWAI STREET, BEIJING 100045, CHINATEL: 0086-10-59368001FAx: 0086-10-59369738HTTP: // www.sinochemitc.com

Fortune Wines CO., LTD.

ROOM 615, SINOCHEM TOWER, A2 FUxINGMENWAI STREET, BEIJING 100045, CHINATel:010-59369699Fax:010-59369669E-mail:[email protected]

SINOCHEM INTERNATIONAL INFORMATION CO.

RM.1701, SINOCHEM TOWER, A2 FUxINGMENWAI STREET, BEIJING 100045, CHINATEL: 0086-10-59369365FAx: 0086-10-59369888

SHENYANG DEMINGMedical Engineering Co., Ltd.

NO.286,QINGNIAN ROAD,HEPING DISTRICT,SHENGYANG, LIAONING PROVINCE,110000,CHINATEL: 0086-21-50490099FAx: 0086-21-50490099

SHANGHAI DEYI CO., LTD

1TH FLOOR, NO.2095 WAIQIAN ROAD, JIADING DISTRICT, SHANGHAI,200121,CHINATEL: 0086-21-50490099FAx: 0086-21-50490099

SHANGHAI HONGJIN EQUIPMENT & ENGINEERING CO., LTD.

5, NO.555 DONGRI ROAD, JINSHAN DISTRICT, SHANGHAI,200121,CHINATEL: 0086-21-50490099FAx: 0086-21-50490099

Far East Horizon (Tianjin) Financial Leasing Co., Ltd.

NO.601,LUOYANG ROAD, DONGJIA BONDED AREA,TIANJIN,300463,CHINATEL: 022-66372580

CHINA FOREIGN ECONOMY AND TRADE TRUST CO., LTD.

6F, CENTRAL TOWER, CHEMSUNNY WORLD TRADE CENTER, 28 FUxINGMENNEI STREET, BEIJING 100031, CHINATEL: 0086-10-59568808FAx: 0086-10-59568906E-MAIL: [email protected]: // www.fotic.com.cn

Horizon Healthcare Management(Shanghai) Co., Ltd

40TH FLOOR, JIN MAO TOWER, NO.88 CENTURY AVENUE, PUDONG NEW AREA, SHANGHAI 200121, CHINA TEL: 0086-21-50760690FAx: 0086-21-50761290

SHANGHAI HORIZON EQUIPMENT & ENGINEERING CO., LTD.

ROOM 230, NO.5358 HU YI ROAD, JIA DING DISTRICT, SHANGHAI 201806, CHINATEL: 0086-21-59886508FAx: 0086-21-59886808MAINTENANCE CENTER: NO.12, xUMINGDONGLU, xUJING TOWN, QINGPU AREA, SHANGHAI 201702, CHINA

SHANGHAI DOPONT INDUSTRIAL CO., LTD.

07A 36TH FLOOR, JIN MAO TOWER, NO.88 CENTURY AVENUE, PUDONG NEW AREA, SHANGHAI 200121, CHINA TEL: 0086-21-50988880FAx: 0086-21-50988890

FAR EAST HORIZON SHIPPING CONSULTING (SHANG HAI)CO.,LTD

16 16TH FLOOR, NO.1080DONGDAMING ROAD, HONGKOU DISTRICT, SHANGHAI 200121, CHINA TEL: 0086-21-50490099FAx: 0086-21-50490099

FAR EAST HORIZON MINGRUI(SHANGHAI) SHIP LEASING CO.,LTD

A420C 4TH FLOOR, YESHENG ROAD,YANGSHANG BONDED AREA, SHANGHAI 200121,CHINATEL: 0086-21-50490099FAx: 0086-21-50490099

Sanya Yazhou Bay Economic Development co.,ltd

1F,Building 6,156-1 Sanya Bay Road,Sanya 572000, ChinaTel: 0898-88652550 Fax: 0898-88652550

GUANGZHOU xINGTUO PROPERTY CO., LTD.

12A F,Jinrong Building, No.171 Haibin Road, Nansha District,Guangzhou 511458. ChinaTel: 020-39037100Fax: 020-39037106

BEIJING EASTERN GARDEN INTERNATIONAL CONVENTION CENTER

NO.5 ZUODI RD., BEIxIAOYING TOWN, SHUNYI DISTRICT, BEIJING 101300, CHINATEL: 0086-10-60485588FAx: 0086-10-60486712HTTP: // www.bjegicc.com

INTERNATIONAL FAR EASTERN LEASING CO., LTD.

32TH, 33TH, 35TH, 36TH ,40TH FLOOR, JIN MAO TOWER, NO.88 CENTURY AVENUE, PUDONG NEW AREA, SHANGHAI 200121, CHINA TEL: 0086-21-50490099FAx: 0086-21-50490066HTTP: // www.fehorizon.com

SHANGHAI DONGHONG CO., LTD.

07B 36TH FLOOR, JIN MAO TOWER, NO.88 CENTURY AVENUE, PUDONG NEW AREA, SHANGHAI 200121, CHINA TEL: 0086-21-50988880FAx: 0086-21-50988890


DIRECTORY OF OVERSEAS INSTITUTIONS

SINOCHEM HONG KONG (GROUP) CO., LTD.ROOM 4611, 46/F OFFICE TOWER, CONVENTION PLAZA, 1 HARBOUR ROAD, WANCHAI, HONG KONGTEL: 00852-28240100FAx: 00852-25879480

SINOCHEM REPRESENTATIVE OFFICE IN CUBANO.7806 5TA AVENIDA, ESQ.CALLE 80, EDIF.RAFFAELLO APTO.113, MIRAMAR, PLAYA, C.DE LA HABANA, REPUBLICA DE CUBATEL: 0053-7-2049430E-MAIL: [email protected]

SINOCHEM INTERNATIONAL OIL (SINGAPORE) PTE. LTD.ADD: 9 TEMASEK BOULEVARD #18-03, SUNTEC TOWER TWO, SINGAPORE 038989TEL: 0065-63390110FAx: 0065-63397037

BIG HORIZON SHIPPING AGENCIES LIM ITEDADD: 11/F WESTMINSTER TOWER 3 ALBERT EMBANKMENT LONDON SE1 7SP UNITED KINGDOMTEL: 0044-20-78400600FAx: 0044-20-7735712

SINOCHEM INTERNATIONAL PETROLEUM (BAHAMAS)CO., LTD.ADD: P.O.BOx N-3029, EAST BAY STREET, NASSAU, BAHAMASTEL: 0086-10-59568586FAx: 0086-10-59569401

SINOCHEM OIL (THAILAND) CO., LTD.ADD: UNIT 6,16/F, CRC TOWER, ALL SEASONS PLACE, 87/2 WIRELESS ROAD, PHATUMWAN, BANGKOK 10330, THAILANDTEL: 0066-2-6540948FAx: 0066-2-6542830

SINOCHEM OIL CO., LTD. REPRESENTATIVE OFFICE IN TAIWANADD: ROOM C, 29TH FLOOR, NO.7 SEC 5 xINYI RD, xINYI DIST., TAIPEI CITY 11049, TAIWANTEL: 00886-2-81016069FAx: 00886-2-81016055

SINOCHEM OIL CO., LTD. JAPAN REPRESENTATIVE OFFICEADD: IMC BLDG. SHINBASHI 6F, 5-5-1 SHINBASHI, MINATO - KU, TOKYO 105-0004, JAPANTEL: 0081-3-34347876FAx: 0081-3-34348747

SINOFERT HOLDINGS LIMITEDSTOCK CODE: 00297.HKSUITES 4601-10, 46/F, OFFICE TOWER, CONVENTION PLAZA,1 HARBOUR ROAD, WANCHAI, HONG KONGTEL: 00852-36561588FAx: 00852-2850722910TH FLOOR, CENTRAL TOWER, CHEMSUNNY WORLD TRADE CENTER, 28 FUxINGMENNEI STREET, BEIJING 100031, CHINATEL: 0086-10-59569601, 59569604FAx: 0086-10-59569627

SINOCHEM (UNITED KINGDOM) LTD.17/F, NEW ZEALAND HOUSE, 80 HAYMARKET, LONDON SW1Y 4TE, U.K. TEL: 0044-20-79307060 FAx: 0044-20-79304631E-MAIL: [email protected]

SINOCHEM CORPORATION REPARESENTATIVE Office IN UZBEKISTANAbdurauf Fitrat street,1/2.Tashkent,Uzbekistan.TEL: 00-998-983109883FAx: 00-998-983109883E-Mail: [email protected]

SINOCHEM INTERNATIONAL (OVERSEAS) PTE. LTD. 8 MARINA VIEW, #34-03 ASIA SQUARE TOWER 1,SINGAPORE 018960TEL: 0065-62309803FAx: 0065-65389337E-MAIL: [email protected]

SINOCHEM FARM CARE (THAILAND) CO., LTD.11TH FLOOR RASA TOWER II 555 PHAHOLYOTHIN ROAD CHATUCHAK BANGKOK 10900, THAILANDTEL: 0066-2-9371230-5 FAx: 0066-2-9371235

ATLANTIS HOLDING NORWAY ASADD: API WORLD TOWER, SUITE 3002 SHEIKH,ZAYED ROAD, P.O. BOx 24625 DUBAI, UNITED ARAB EMIRATESTEL: 00971-4-3290777FAx: 00971-4-329047

EMERALD ENERGY PLCADD: 17TH FLOOR, NEW ZEALAND HOUSE,80 HAYMARKET, LONDON SW1Y4TETEL: 0044-20-7925 2442FAx: 0044-20-7930 9613EMAIL: [email protected]

SINOCHEM PETROLEO BRASIL LTDAADD: ROOM 1401, 14TH FLOOR, 228,PRAIA de Botafogo, Botafogo, Rio de Janeiro,RJ–Brazil,CEP 22250-040TEL: 0055-21-3550-9250EMAIL: [email protected]

SINOCHEM PETROLEUM USA LPADD: 2000 WEST LOOP SOUTH, SUITE 2010, HOUSTON, TExAS 77027TEL: 001 832 742 8600FAx: 001 832831 1912EMAIL: [email protected]

SINOCHEM INTERNATIONAL OIL (LONDON)CO., LTD.ADD: 11/F WESTMINSTER TOWER 3 ALBERT EMBANKMENT LONDON SE1 7SP UNITED KINGDOMTEL: 0044-20-77357878 FAx: 0044-20-77357121EMAIL: [email protected]

SINOCHEM ASIA HOLDINGS (CO.) LTD.9 TEMASEK BOULEVARD #18-01/02/03, SUNTEC TOWER TWO,SINGAPORE 038989TEL: 0065-63370110FAx: 0065-63395615

SINOCHEM EUROPE HOLDINGS PLC.17/F, NEW ZEALAND HOUSE, 80 HAYMARKET LONDON SW1Y 4TE UNITED KINGDOMTEL: 0044-20-79307060FAx: 0044-20-79306611E-MAIL: [email protected]

SINOCHEM AMERICAN HOLDINGS, INC.1330 POST OAK BOULEVARD, SUITE 2500, HOUSTON, Tx 77056, U.S.A.TEL: 001-713-2638880FAx: 001-713-2120258

SINOCHEM REPRESENTATIVE OFFICE IN THAILANDUNIT 6, 16/F, CRC TOWER, ALL SEASONS PLACE, 87/2 WIRELESS ROAD, PHATUMWAN, BANGKOK 10330, THAILAND TEL: 0066-2-6543066, 6540946 FAx: 0066-2-6543077

SINOCHEM CORPORATION REPRESENTATIVE OFFICE (UAE)OFFICE 4E-B 551 DUBAI AIRPORT FREE ZONE, 293662 DUBAI,UNITED ARAB EMIRATESTEL: 00971-4-2045245/6FAx: 00971-4-2045247

SINOCHEM REPRESENTATIVE OFFICE IN TAIWAN29/F, NO.7, SEC.5, xINYI RD., xINYI DIST., TAIPEI CITY 110, TAIWAN (R.O.C.)TEL: 00886-9-53835640FAx: 00886-2-81016055E-MAIL: [email protected]

SINOCHEM INDIA COMPANY PVT. LTD.UNIT 2B, 2ND FLOOR, M6 PLAZA, JASOLA DISTRICT CENTRE, JASOLA, NEW DELHI-110025, DELHI, INDIATEL: 0091-11-40658888FAx: 0091-11-40658880

76

FAR EAST HORIZON LIMITEDSTOCK CODE: 03360. HKROOM 4706, OFFICE TOWER, CONVENTION PLAZA, 1 HARBOUR ROAD, WANCHAI, HONG KONGTEL: 00852-25888688FAx: 00852-25118660HTTP: // www.fehorizon.com35TH FLOOR, JIN MAO TOWER, NO.88 CENTURY AVENUE, PUDONG NEW AREA, SHANGHAI 200121, CHINATEL: 0086-21-50490099FAx: 0086-21-50490066

FAR EAST HORIZON SHIPPING HOLDINGS CO., LTD.30A TOWER 10 SOUTH HORIZONS HK TEL: 00852-97702834 FAx: 00852-30075456

GRAND LIGHT DEVELOPMENT LIMITEDROOM 4706, OFFICE TOWER ,CONVENTION PLAZA, 1 HARBOUR ROAD, WANCHAI, HONG KONGTEL: 00852-25888688FAx: 00852-25118660HTTP: // www.fehorizon.comROOM 3608, JIN MAO TOWER, NO.88 CENTURY AVENUE, PUDONG NEW AREA, SHANGHAI 200121, CHINA TEL: 0086-21-50988880FAx: 0086-21-50988890

Far East Horizon Shipping Consulting Limited30A TOWER 10 SOUTH HORIZONS HK TEL: 00852-97702834FAx: 00852-30075456

Far East Healthcare Holding Limited30A TOWER 10 SOUTH HORIZONS HK TEL: 00852-97702834FAx: 00852-30075456

Far East Healthcare Management Limited30A TOWER 10 SOUTH HORIZONS HK TEL: 00852-97702834FAx: 00852-30075456

SINOCHEM CROP PROTECTION (PHILIPPINES) INC.22F TOWER II INSULAR LIFE CORPORATE CENTRE, INSULAR LIFE DRIVE, FILINVEST CORPORATE CITY ALABANG, MUNTINLUPA CITY, PHILIPPINES 1781TEL: 00632-8078125FAx: 00632-8078216

SINOCHEM INTERNATIONAL CORPORATION REPRESENTATIVE OFFICE IN SEOUL 14TH F., ACE TOWER 1-170 SUNHA-DONG, JUNG-GU, SEOUL KOREA 100-130TEL: 0082-2-7573993 FAx: 0082-2-7579696 E-MAIL: [email protected]

SINOCHEM TRADING (SINGAPORE) PTE.LTD.#18-01/03,SUNTEC TOWER TWO 9 TEMASEKBOULEVARD, SINGAPORE 038989TEL: 0065-63380110 FAx: 0065-63341787, 63343216 E-MAIL: [email protected]

SINOCHEM INTERNATIONAL CHEMICALS (HONG KONG) LTD.46/F., OFFICE TOWER, CONVENTION PLAZA, 1 HARBOUR ROAD, WANCHAI, HONG KONG.TEL: 00852-28240100FAx: 00852-28029607, 28241233

SINOCHEM JAPAN CO., LTD. IMC BLDG.SHINBASHI 6F, 5-5-1 SHINBASHI, MINATO-KU, TOKYO 105-0004, JAPANTEL: 0081-3-34347890 FAx: 0081-3-34348747 HTTP: // www.sinochemplastics.com/sinochemjapan/

FRANSHION PROPERTIES (CHINA) LTD.STOCK CODE: 00817. HKROOM 4702-03, 47/F OFFICE TOWER, CONVENTION PLAZA,1 HARBOUR ROAD, WANCHAI, HONG KONGTEL: 00852-28299668 FAx: 00852-28240300HTTP: // www.franshion.com22/F, SINOCHEM TOWER, A2 FUxINGMENWAI STREET, BEIJING 100045, CHINATEL: 0086-10-59369900FAx: 0086-10-59369901

Tel : 8610-5956 8888Fax : 8610-5956 8890Add: Central Tower, Chemsunny World Trade Center, 28 Fuxingmennei Street, Beijing 100031, P.R.ChinaWeb: www.sinochem.com

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