December 31, 2021

Dear Colleagues,  

The first rays of sunlight in 2022 are about to be shed, heralding a fresh new journey for us. At this special moment when we see off the past year and embrace a new one, I, on behalf of the Board of Directors of Sinochem Holdings, would like to extend my sincere new year wishes to all colleagues and retired staff as well as your families, and extend my appreciation to all friends and clients that have long supported the company. I wish everything goes well with your health, work and family. 

The past year was of milestone significance in the history of Sinochem Holdings. The remarkable progress in the restructuring of Sinochem Group Co., Ltd. ("Sinochem Group") and China National Chemical Corporation Ltd. ("ChemChina"), and the official inauguration of Sinochem Holdings has ushered in a new chapter for us. The newly established Sinochem Holdings, proceeds with operation and production while integrating management and business; highlights innovation-driven, constantly deepens reform, and continuously upscales risk prevention. It has fulfilled its annual tasks, achieving new important progress in building a world-class conglomerate.

This year, we effectively accomplished the 100-day Integration Action plan for headquarter management, which sets clear goals in business integration and finds the way out. As a result, the integration has been advanced smoothly and steadily. Besides, we have implanted the value of synergy across the company, and strived for delivering synergistic value through restructuring Sinochem Group and ChemChina with shared consensus.

This year, facing fluctuated prices of bulk commodities, resurgent COVID-19 around the world, and tight energy supply, all colleagues have gone all out to overcome adversity and grasp market opportunities. For that reason, we get off to a good start with growth attained in our businesses at the early establishment of the company.

This year, adhering “In Science We Trust”, we have pursued development through sci-tech innovations, and constantly improved our innovation capabilities, core competitiveness, and sustainable development capacity. We have proactively implemented the new development philosophy of the country and practically advanced the supply-side structural reform. With a batch of major investment projects making heartening progress, impetus for future growth has been strengthened.

What's past is prologue. The next year will be a crucial year for the integrated development of Sinochem Holdings. Standing at a new starting point, we foresee both challenges and opportunities in our journey ahead. It requires us to calmly cope with major challenges, comprehensively deepen reforms, carry on innovation-driven development, and advance high-quality development.

On our way to build a world-class chemical conglomerate, each of us plays a vital part. Yet there is always room for improvement. We’ll make stable development a top priority of the year while seeking growth. We’ll keep on integrating our businesses and creating synergetic values, enhance our commitment to science and innovation, and prevent and resolve major risks, so as to successfully fulfill the yearly goal.

Crossing these blue hills adds nothing to one's years, the landscape here is beyond compare. We, with stronger confidence in our development strategies and a higher morale, will make concerted efforts to build a world-class chemical conglomerate with bravery and perseverance. Whatever we encounter, we’ll get over all the hardships and embrace a brighter future as long as we head in the right direction.

Frank Ning

Chairman of Sinochem Holdings