At the 11th Meeting of the 4th Board of Directors, held on 25 Sept 2008, the following proposals were examined and approved:

1. to sell a 25% stake in Sinochem Modern Environmental Protection Chemicals (Xian) Co., Ltd., a 19% stake in Sinochem International Taichang Xingnuo Industry Co., Ltd., a 19% stake in Taichang Sinochem Polymer Material Research & Development Co., Ltd. and a 19% stake in Sinochem International (Suzhou Industry Park) New Material Research & Development Co., Ltd., to China New Technology Trade Development Co., Ltd. for a total of RMB 110,154,000
2. to revise an incentive plan in line with the requirements of the State-owned Assets Supervision and Administration Commission of the State Council
Details pertaining to the revised incentive plan are available on the website of the Shanghai Stock Exchange (www.sse.com.cn), dated 27 Sept 2008.

Proposal 2 will be submitted to an extraordinary general meeting of shareholders for examination and consideration for approval after being approved by the China Securities Regulatory Commission.

Board of Directors
6 Oct 2008


Source: Shanghai Stock Exchange

Date: 6 Oct 2008

CN01/CJ/JL/BT/KM