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Sinochem Fully Completed Restructuring and Changed Its Name

Date:2018-01-05 Source:Sinochem Group

On December 26, the Beijing Administration for Industry and Commerce issued a new business license to Sinochem Group. With this new license, Sinochem Group changed from an enterprise owned by the whole people to one that is solely state-owned, with a new full company name of Sinochem Group Co., Ltd. This indicates that the restructuring of Sinochem's corporate system has been completed.

In 2017, as efforts to implement the CPC Central Committee and the State Council's major decision on the restructuring of enterprises with ownership by the whole people and State-owned Assets Supervision and Administration Commission of the State Council's relevant deployment on this issue, Sinochem completed all that was required, including work at the headquarter and all its subsidiaries.