000866SZSE

Second Reminder Announcement on the Comprehensive Tender Offer for Shares of Sinopec Yangzi Petrochemical Co., Ltd.

Yangzi Exit Co., Ltd.·March 22, 2006·2 pages

✨ AI Summary

This announcement serves as a reminder regarding Sinopec's comprehensive tender offer for shares of Sinopec Yangzi Petrochemical Co., Ltd. The offer price is set at 13.95 CNY per share for 35 million shares, representing 15.02% of the total share capital. The purpose is to delist the shares from the Shenzhen Stock Exchange to achieve business integration. The offer period is from March 8 to April 6, 2006.

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Full Translation

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Announcement Details

Stock Abbreviation: Yangzi Petrochemical
Stock Code: 000866
Announcement Number: Lin 2006-011

Sinopec Limited and all members of the board guarantee the truthfulness, accuracy, and completeness of the announcement content, and bear joint liability for any false records, misleading statements, or significant omissions.

According to the China Securities Regulatory Commission's document [2006]28 regarding Sinopec's tender offer for "Yangzi Petrochemical" shares, on March 6, 2006, Sinopec announced the "Tender Offer Report for Sinopec Yangzi Petrochemical Co., Ltd." and declared a comprehensive tender offer to all circulating shareholders starting March 8, 2006.

I. Basic Information of the Tender Offer

Share Type	Offer Price	Number of Shares Offered	Percentage of Total Share Capital
Circulating Shares	13.95 CNY/share	35 million shares	15.02%

Purpose of the tender offer: The aim is to terminate the listing of circulating shares of Sinopec Yangzi Petrochemical Co., Ltd. on the Shenzhen Stock Exchange, in order to achieve the acquirer's business integration strategy.

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