China Petrochemical Development : To announce the acquisition of facility and engineering equipment on behalf of subsidiary Jiangsu Weiming Petrochemical Corporation.

Today's Information Ji 1 I 1

Provided by: CHINA PETROCHEMICAL DEVELOPMENT CORPORATION

SEQ_NO 1 Date of announcement 2017/03/23 Time of announcement 17:25 :25 To announce the acquisition of facility and

Subject engineering equipment on behalf of subsidiary Jiangsu Weiming Petrochemical Corporation.

Date of events 2017/03/23 To which item it meets paragraph 20

1. Name and nature of the subject matter (e.g.land located at

   Sublot XX, Lot XX, North District, Taichung City):Facility and engineering equipment.

2. Date of the occurrence of the event:2016/12/31-2017/03/23 . 3.Transaction volume (e.g.XX square meters, equivalent to XX p'ing), :•• > ·

unit price, total transaction price:Facility and engineering equipment:/ :: NTD1 029 768 604 : >::

1. Couterpart/ to the trade and its relationship with the company (if _ •:••••:... _ •• •

   the trading counterpart is a natural person and is not an actlJll- ·--·>>.. ·::: >:::·>

   related :: :

   party of the Company, the name of the trading counterpart is not •••: required to be disclosed): .:: »:- : • . "- _ : ••::

   Shanghai Shen Feng Engineering Construction Supervision Co., Ltd;iShanghai Suh! Shou Engineering Machinery Manufacturing Co;..Ltd,,-Tsurumi Vacuum

   Engineering (Shanghai) Co., Ltd., ABC compressor (Suzhou) Co. Ltd., China Construction Installation Engineering Co. Ltd:: · · ....

   All of these are not related parties of the Company . ·:

2. Where the counterpart to the trade is an actual related party, a public announcement shall also include the rec;1son_.f9r choosing the related party as trading counterpart and the identityof the

   previous owner (including its relationship with the company and the trading counterpart), price of transfer and the date of acquisition:N/A.

3. Where a person who owned the property within the past five years has Statement been an actual related person of the company, a public announcement

shall also includethe dates and prices of acquisition and disposal by the related person and the person's relationship to the company at those times:N/A. ·

?.Anticipated loss or profit from the disposal (not applicable in cases

of acquisition of assets).(wtiere originally deferred, the status or

recogr:iifion shall be stated and explained) :N/A.

8.Terrris of delivery or payment (including payment period and monetary amount); restrictive covenants in the contract ,

. i;ind other mportant stipulations :According to the contract.

9.The manne(6f deciding on this transaction (such as tender invitation (price comparison, or price negotiation), the reference basis for the

: decision on price and the decision-making department:Open invitation to

•• · Tnder and price negotiation, according to the "Procedures of Acquisition

: arid Dispositon of Assets"of the Company .

: 10:Name of the professional appraisal institution and its appraisal

·: :-. · · · ·.-:··amount:N/A.

1. Reason for any significant discrepancy with the transaction amount , and opinion of the certifying CPA:N/A.

2. ls the appraisal report price a limited price or specific price?:None. 13.Has an appraisal report not yet been obtained?:Yes .

14.Reason for an appraisal report not been obtained:N/A. 15.Broker and broker's fee:N/A.

1. Concrete purpose or use of the acquisition or disposal:For production and operation.

2. Do the directors have any objection to the present transaction? :None. 18.Any other matters that need to be specified:None.

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