China BlueChemical : ANNOUNCEMENT RE-APPOINTMENT OF SUPE...

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(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 3983)

ANNOUNCEMENT

RE-APPOINTMENT OF SUPERVISOR REPRESENTING

THE EMPLOYEES

At the employee representative meeting of China BlueChemical Ltd. (the ''Company'') held on 30 January 2018, Ms. Liu Lijie (劉莉潔) (''Ms. Liu'') was elected as the supervisor representing the employees of the Company (the ''Supervisor Representing the Employees'') for the supervisory committee of the Company (the ''Supervisory Committee''). The Company hereby announces that the re-appointment of Ms. Liu as the Supervisor Representing the Employees took effect from 30 January 2018. The Company will enter into a supervisor service contract with Ms. Liu. In accordance with the articles of association of the Company, her term of office will be three years and last until a new Supervisor Representing the Employees of the Supervisory Committee is elected at the employees representative meeting of the Company in the year during which her term of appointment concludes.

A brief biography of Ms. Liu is set out as follows:

Ms. Liu, born in 1970, graduated from China Finance Institute (now known as School of Banking and Finance, University of International Business and Economics) in 1993 with a bachelor's degree majoring in International Finance, and was later awarded the title of senior accountant and she is a certified public accountant in China. Ms. Liu worked with the Finance Department of China National Chemical Construction Corporation (''CNCCC'') from August 1993 to February 2003. She was the head of the import and export accounting division of the Finance Department of CNCCC from March 2003 to June 2006; deputy manager of the Finance Department of CNCCC Fine Chemical Industry Co., Ltd. (中化建精細化工有限責任公司) from July 2006 to May 2007; assistant to the general manager of the Finance Department of CNCCC from June 2007 to June 2008; assistant to the general manager of the Financial Management Department of the Company from July 2008 to August 2009; the deputy general manager of the TreasuryManagement Department of the Company from September 2009 to August 2012; the general manager of the Audit and Supervising Department of the Company from September 2012 to December 2015; the general manager of the Audit Department of the Company since December 2015. She was elected as the Supervisor Representing the Employees at the Employee Representative Meeting of the Company held in September 2012 and February 2015 respectively, and has been the chairman of the supervisor committee of CNOOC Tianye Chemical Limited since October 2014.

Currently, Ms. Liu receives her remuneration only in her capacity as a general manager of the Audit Department of the Company. According to Ms. Liu's own will, she will not receive any supervisor's emolument during her term of office as the Supervisor Representing the Employees.

Save as disclosed above, Ms. Liu did not hold any directorships in other public listed companies in the past three years. Ms. Liu is not (i) related to any directors, supervisors, senior management, substantial shareholders of the Company (as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ''Listing Rules'')) or controlling shareholders of the Company (as defined in the Listing Rules); (ii) interested in any shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong); or (iii) holding any other positions with the Company or its subsidiaries.

Save as disclosed herein, Ms. Liu has confirmed that there are no matters pertaining to her appointment that need to be brought to the attention of the shareholders, and there is no other information in relation to the appointment of Ms. Liu that is required to be disclosed pursuant to any provisions under Rule 13.51(2)(h) to (v) of the Listing Rules.

By order of the Board

China BlueChemical Ltd.*

WU Xiaoxia Company Secretary

Beijing, the PRC

30 January 2018

As at the date of this announcement, the executive director of the Company is Mr. Xia Qinglong, the non-executive directors of the Company are Mr. Chen Bi, Mr. Meng Jun and Mr. Guo Xinjun and the independent non-executive directors of the Company are Ms. Lee Kit Ying, Mr. Lee Kwan Hung and Mr. Yu Changchun.

*

For identification purpose only.