SHANGHAI PETEOCHEMICAL COMPANY LIMITED

Sinopec, or China Petrochemical Corporation, is the major shareholder of four chemical subsidiaries including Jilian Chemical Industrial Company, Yizlang Chemical Fibre Company, Tiayin Bohai Chemical Company and Shanglai Petrochemical Company. Shanghai is one of the largest petrochemical companies in China, which produces four divisions of products containing 66 different types of products. The divisions are petroleum products, intermediate petrochemicals, synthetic resins and plastic products, synthetic fiber raw materials and synthetic fibers. Currently Shanghai has 66 sets of main production plants, which includes oil-refining, petrochemical processing, manufacturing of synthetic fibers and plastics. Shanghai gained two thirds of their plant and patented technology from Germany, Japan, Italy, and United States.

In 1993, Shanghai Petrochemical Company (further referred to as Shanghai) was the first company “that organized under the PRC laws to make a global equity offering,...