Independent Financial Advisor Report
Independent Financial Advisor Statement
China International Capital Corporation (hereinafter referred to as "CICC") has been entrusted by the Board of Directors of Jilin Chemical Industrial Co., Ltd. (hereinafter referred to as "Jilin Chemical") to act as the independent financial advisor for this tender offer. The boards of Jilin Chemical and China National Petroleum Corporation (hereinafter referred to as "China National Petroleum") commit that all materials, documents, or other bases provided to this independent financial advisor for the issuance of this report are true, accurate, complete, and timely, with no false records, misleading statements, or significant omissions. Except for the relevant information provided by the boards of Jilin Chemical and China National Petroleum, other information relied upon in this report comes from public channels, including but not limited to Jilin Chemical's annual audit reports for the past three years and public data from the capital market. This independent financial advisor report expresses opinions solely regarding the tender offer made by China National Petroleum to all A-share shareholders of Jilin Chemical, including the financial condition of Jilin Chemical, the fairness and reasonableness of the tender offer conditions, and the potential impact of the acquisition on the company. The independent financial advisor does not bear any responsibility for the consequences of any investment decisions made by investors based on this report. The matters described in this report do not represent the substantive judgment, confirmation, or approval of the approval authority regarding the relevant matters of this tender offer.