Announcement of Jilin Chemical Industrial Company Shareholders' Meeting and Change of Director

Share Name	Share Symbol	Market	Type
Elements DB China	NYSE:JCC	NYSE	Ordinary Share

Jilin (NYSE:JCC)
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From Jun 2019 to Jun 2024

JILIN, China, Jan. 23 /Xinhua-PRNewswire/ -- The board of directors (the "Board") of Jilin Chemical Industrial Company Limited (the "Company"; NYSE: JCC) announces that Mr. Yu Li will no longer serve as a director or the Chairman of the Board of the Company, effective January 23, 2006. Mr. Yu had been a director of the Company since June 2002. Acting by written consent, on January 23, 2006, the Board of the Company passed resolutions: 1. Consenting that Mr. Yu Li will no longer serve as director or chairman of the board of directors of the Company, effective January 23, 2006; 2. Nominating Mr. Shen Diancheng as director of the Company; 3. Calling an Extraordinary General Meeting (the "Shareholders' Meeting") of the Company's Shareholders for March 10, 2006, in Jilin City, Jilin Province, the People's Republic of China, and setting February 8, 2006 as the record date for the Shareholders' Meeting; and 4. Proposing amendments to the Articles of Association of the Company for consideration by the Shareholders' Meeting, such amendments reflecting the fact that, upon the delisting of the Company's H Shares from the Hong Kong Stock Exchange, ADSs from the New York Stock Exchange and A Shares from the Shenzhen Stock Exchange, the Company will no longer be a listed company. Mr. Shen Diancheng, aged 47, a professor-grade senior engineer, is the general manager and secretary to the branch of the Communist Party of PetroChina Jilin Petrochemical Branch Company. Mr. Shen graduated from Daqing Petroleum Institute in 1983. Mr. Shen held several executive positions, including the deputy director of the Daqing Chemical Additive Factory, deputy director and acting director of Daqing Oil Field Chemical Industrial Factory, deputy general manager of PetroChina Da Qing Refining and Chemical Branch Company, and general manager and secretary to the branch of the Communist Party of PetroChina Liaoyang Petrochemical Branch Company. Mr. Shen has rich experience in the management of large-scale petrochemical enterprises. The Company is one of the PRC's largest producers of basic chemical and chemical raw materials, and one of the PRC's largest diversified chemical enterprises. Its primary business consists of the production of petroleum products, petrochemical and organic chemical products, synthetic rubber products, chemical fertilizers and other chemical products. This press release does not constitute an offer to purchase, an offer for sale of or a solicitation of an offer to sell or purchase any securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Investors should carefully read any filings made by the Company or PetroChina Company Limited in connection with the offer for shares of the Company, including any tender offer statement on Schedule TO, transaction statement on Schedule 13E-3, related solicitation/recommendation statement on Schedule 14D-9 and any other documents relating to the offer for the shares of Jilin Chemical Industrial Company Limited, if and when any such documents, including amendment and exhibits thereto are filed with the U.S. Securities and Exchange Commission (the "SEC") because they will contain important information. If and when filed with the SEC, any such Schedule TO, Schedule 13E-3, Schedule 14D-9 and any related documents will be available free of charge at the SEC's web site at http://www.sec.gov/. Certain statements contained in this press release might be viewed as "forward-looking statements" within the meaning of the U.S. Securities Act of 1933 and the U.S. Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the performance or financial condition of the Company to be materially different from any future performance or financial condition implied by such statements. For further information, please contact: Jilin Chemical Industrial Company Limited Mr. Li Chunqing Tel: (86 432) 390 3651 Fax: (86 432) 302 8126 E-mail: Fortune China Public Relations Ltd. Ms. Nellie Chan Tel: (852) 2838 1162 Fax: (852) 2834 5109 E-mail: DATASOURCE: Jilin Chemical Industrial Company Limited CONTACT: Mr. Li Chunqing of Jilin Chemical Industrial Company Limited, +86-432-390-3651, or fax, +86-432-302-8126, or ; or Ms. Nellie Chan of Fortune China Public Relations Ltd., +852-2838-1162, or Fax, +852-2834-5109, or

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JCC Elements DB China