China BlueChemical : SUPPLEMENTAL NOTICE OF THE EXT...

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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

(Stock code: 3983)

SUPPLEMENTAL NOTICE OF THE

EXTRAORDINARY GENERAL MEETING

PROPOSED APPOINTMENT OF A DIRECTOR

Reference is made to the Notice of the Extraordinary General Meeting dated 15 August 2016 (''EGM Notice'') which sets out the resolution to be considered by shareholders of the Company (''Shareholders'') at the Extraordinary General Meeting (''EGM'') to be held at 10 : 00 a.m. on Thursday, 29 September 2016 at the Meeting Room, 3rd Floor, Kaikang CNOOC Mansion, No. 15, Sanqu, Anzhenxili, Chaoyang District, Beijing, the PRC.

Unless otherwise defined, capitalised terms used in this supplemental notice shall have the same meanings as those defined in the EGM circular dated 15 August 2016.

Whereas China National Offshore Oil Corporation, the controlling shareholder of the Company holding directly approximately 59.41% of the issued shares of the Company, has submitted to the Board a supplemental proposal for the EGM, pursuant to Articles 63 and 64 of the Articles of Association and in compliance with applicable laws and regulations of the PRC, the EGM, which will be held as originally scheduled, will consider and, if thought fit, pass the following by way of ordinary resolution in addition to the resolution set out in the EGM Notice.

ORDINARY RESOLUTION

To consider and approve the appointment of Mr. Xie Weizhi as a non-executive director of the Company, to authorise the chairman of the board of directors of the Company (the ''Board'') to sign a service contract with Mr. Xie Weizhi for and on behalf of the Company and to authorise the Board to determine his remuneration based on the recommendation by the remuneration committee of the Board.

By Order of the Board

China BlueChemical Ltd.* Quan Changsheng

Company Secretary

Beijing, the PRC

14 September 2016

As at the date of this notice, the executive Director is Mr. Xia Qinglong, the non-executive Directors are Mr. Li Hui, Mr. Cheng Chi and Mr. Guo Xinjun and the independent non- executive Directors are Ms. Lee Kit Ying, Mr. Lee Kwan Hung and Mr. Yu Changchun.

Notes:

1. In respect of the ordinary resolution, biographical details of Mr. Xie Weizhi (''Mr. Xie'') are set out below:

   Mr. Xie Weizhi, born in 1964, graduated from the department of finance of Xiamen University majoring in finance with a bachelor's degree in 1986. He obtained a MBA degree from Guanghua School of Management, Peking University in 2001 and was awarded the title of senior accountant in 1998. From August 1986 to October 1996, he worked for CNOOC Nanhai West Corporation successively as a clerk, deputy chief and chief of the accounting section, and the deputy manager of the finance department. From October 1996 to January 2002, he worked successively as the deputy manager and manager of the finance department and the general manager of the treasury department of CNOOC. He was the general manager of CNOOC Finance Corporation Limited from January 2002 to February 2011. From February 2011 to February 2013, he joined Aluminum Corporation of China as an assistant general manager. He worked successively as the executive director, chairman of the board and chairman of the supervisory committee of Chinalco Finance Company Limited from February 2011 to May 2016. From July 2011 to March 2013, he was the director and president of Chinalco Overseas Holdings Limited. From October 2011 to February 2014, he worked successively as the executive director, president and non-executive director of Chinalco Mining Corporation International, a company listed on The Stock Exchange of Hong Kong Limited (stock code: 3668). He was the vice president and chief financial officer of Aluminum Corporation of China Limited, a company listed on The Stock Exchange of Hong Kong Limited (stock code: 2600), the New York Stock Exchange (stock code: ACH) and the Shanghai Stock Exchange (stock code: 601600), from February 2013 to November 2015. And he was the president of Chalco Hong Kong Limited from March 2014 to September 2015. From November 2015 to February 2016, he was the assistant general manager of Aluminum Corporation of China, and he was the director of Chalco Iron Ore Holdings Limited from November 2015 to May 2016. From February 2016 to May 2016, he was the Chief Auditor and the general manager of audit department of Aluminum Corporation of China. Since June 2016, he has been appointed as the general manager of the finance and assets department of CNOOC. And he has been a non-executive director of China Oilfield Services Limited, a company listed on The Stock Exchange of Hong Kong Limited (stock code: 2883) and the Shanghai Stock Exchange (stock code: 601808) since July 2016.

   Subject to the approval of his appointment by the Shareholders at the EGM, Mr. Xie will enter into a service contract with the Company. The Board will be authorised by the Shareholders to determine his remuneration based on recommendation by the remuneration committee of the Board according to his qualifications, abilities, responsibilities and experience. As soon as his remuneration is fixed by the Board, the Company will make an announcement accordingly.

   Mr. Xie's term of office will commence from the date on which approval of his appointment by the Shareholders is obtained at the EGM and shall last until a new session of the Board is approved by the Shareholders at the 2017 annual general meeting of the Company. Save as disclosed above, Mr. Xie did not hold any directorship in any other listed public companies in the past three years and Mr. Xie (i) is not related to any directors, supervisors, senior management or substantial or controlling shareholders of the Company; (ii) is not 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); and (iii) did not hold any other position with the Company or its subsidiaries.

   Save as disclosed herein, Mr. Xie has confirmed that there are no matters that need to be brought to the attention of the Shareholders, and there is no other information in relation to his proposed appointment that is required to be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Listing Rules.

2. IMPORTANT: A revised proxy form will be despatched to the Shareholders with this supplemental notice. The proxy form despatched together with the EGM Notice (the ''Original Proxy Form'') is superseded by this revised proxy form.

   If you have not yet lodged the Original Proxy Form in accordance with the instructions set out in the Original Proxy Form, you are requested to lodge this revised proxy form if you wish to appoint proxies to attend the EGM on your behalf. In this case, the Original Proxy Form should not be used.

   If you have already lodged the Original Proxy Form in accordance with the instructions set out in the Original Proxy Form, you should note that:

3. If you have not lodged the revised proxy form not less than 24 hours before the time fixed for holding the EGM or if it is incorrectly completed, the Original Proxy Form will be treated as a valid proxy form lodged by you if correctly completed. The proxy so appointed by you will be entitled to vote at his or her discretion on any resolution properly put to the EGM other than those referred to in the EGM Notice and the Original Proxy Form, including the newly added resolution as set out in this supplemental notice.

4. If you have lodged the revised proxy form not less than 24 hours before the time fixed for holding the EGM, this revised proxy form will supersede the Original Proxy Form previously lodged by you provided that this revised proxy form is correctly completed.

5. Please refer to the EGM Notice for details in respect of the other resolutions to be passed at the EGM, eligibility for attending the EGM, proxy, registration procedures, closure of register of members, and other relevant matters.

* For identification purpose only