201June13rd, Sinochem International announced that it planned to acquire 60.976% equity of Jiangsu Shengao Chemical Technology Co., Ltd. through its wholly-owned subsidiary Sinochem International (Singapore) Co., Ltd. with a capital contribution of no more than 2.82 billion yuan. This acquisition will open up a broad development space for Sinochem International's follow-up industrial expansion in the rubber chemicals industry, help the company improve its R&D and industrial transformation capabilities, acquire core technologies and products, improve the industrial chain, increase investment income, and further enhance the company's industrial competitiveness and influence.