On December 12, Sinochem International announced its intention to acquire a 100% stake each from Sinochem Plastics Co., Ltd., Sinochem Jiangsu Co., Ltd., Sinochem Qingdao Co., Ltd., Sinochem International Chemicals (Hong Kong) Co., Ltd. and Sinochem Japan Co., Ltd. The amount of the transaction agreement is no more than RMB 1.744 billion.