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Second Regular Meeting of Sinochem Group’s First Board of Directors 2018 Held

Date:2018-05-14 Source:Sinochem Group

On May 8, the Second Regular Meeting of the First Board of Directors of Sinochem Group 2018 was held in Beijing. Mr. Frank Ning, Chairman of Sinochem Group, presided over the meeting. Director and President Zhang Wei, Outside Directors Mr. Ma Chuanjing, Mr. Wang Junfeng, Ms. Li Jinfeng, andMr. Wei Weifeng attended the meeting. Deputy CFO Mr. Chen Shumin, Director of Strategy Execution Department Mr. Zhang Xuegong, Board Secretary Mr. Zhang Baohong and heads of relevant departments of SASAC (State-owned Assets Supervision and Administration) were participants of the meeting too.

The meeting reviewed and approved the financial accounts 2017 and the proposal for the appointment and dismissal of Secretary of the Board of Directors, and listened to the report on business performance in the first quarter of 2018 and work program for deepening reform and comprehensive transformation.

The participating directors unanimously agreed that the concept of "In Science We Trust" and the reform and transformation work program were important milestones in the transformation of Sinochem Group. It was the fundamental way to enhance the company's core competitiveness under the new situation, while it was also embodiment of Sinochem Group’s efforts in implementing the new development concept and the innovation-driven development strategy. The participating directors pointed out that in the next stage, the company would intensify efforts to promote the implementation of the reform and transformation program and build it into an innovation platform company driven by science and technology as soon as possible.