China Petrochemical Development Corporation announced the change of vice Chairman. Name of the previous position holder: BES Machinery Co., LTD. /Representative: Jiun-Nan Bai. Name of the new position holder: Announcement will be made after the board of directors elects the vice chairperson.

Reason for the change: BES Engineering Corporation and BES Machinery Co. Ltd. approved to merge. After the merger, scheduled to be effective on March 25, 2022, BES Machinery Co.

Ltd. will cease to exist, and BES Engineering Co. the surviving company will continue as the institutional director of CPDC.