China Petrochemical Development : Subsidiary, Jiangsu Weiming Petrochemical Corporation ,announces disposal of financial products.

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Today's Information

Provided by: CHINA PETROCHEMICAL DEVELOPMENT CORPORATION

SEQ_NO 1 Date of announcement 2017/01/26 Time of announcement 14:57:31 Subject Subsidiary, Jiangsu Weiming Petrochemical

Corporation.announces disposal of financial products.

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Date of events

2017/01/26 To which item it meets paragraph 20

1. Name and nature of the subject matter (if preferred shares, the terms and conditions of issuance shall also be indicated,

   e.g.dividend yield):Bank of Communications ," Yun Tong wealth , increasing profits " financial products.

2. Date of occurrence of the event:2016/12/13-2017/01/26 3.Volume, unit price, and total monetary amount of the transaction: RMB68,000,000 .00

1. Counterpart to the trade and its relationship to the Company

   (if the trading counterpart is a natural person and furthermore . .

   is not an actual related party of the Company, the name of thef · · ·>:>

   trading counterpart is not required to be disclosed) :BANK Of COMMUNICATIONS

   ·None -:-:-. -:-:

2. Where the counterpart to the trade is an actual related part/ : .:::::::

   a public announcement shall also be made of the reason for chciO:sirig

   the related party as trading counterpart and the identity ofthe · ·

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

3. Where a person who owned the property within the past five years

has been an actual related person of the company, a public announcement shall also include the dates ario prices of

acquisition and disposal by the related person and ihe person's relationship to the company at those times:N/A

?.Matters related to the creditor's rights currently being disposed of (including types of collateral of the disposed creditor's rights; if the creditor's rights are creditor's rights toward a related

person, the name of the related person and the book amount of the Statement creditor's rights to'vVard..such related person currently being

disposed of must also be announced) :N/A

1. Anticipated profit or loss from the disposal (not applicable in cases of acquisition of securities) (where originally deferred, the

   status or.recognifioh hall be stated and explained) : Anticipated profit RMB366,734 .24 :> . ·.·.·.·

2. Terrris :oJ deliver/or payment (including payment period and n:ionetary l:lrnount); restrictive covenants in the contract, and

:bther:irnporti=!ntstipulations :Pay in lump sum.

:J O.Thefinanne(in which the current transaction was decided, the

. . . . ::reference basis for the decision on price, and the decision-making

: :>:: department Follow company procurement authorization guideline.

: 11.Current cumulative volume, amount, and shareholding percentage

.... of holdings of the security being traded (including the current

·::::.._ :frade) and status of any restriction of rights (e.g.pledges) :N/A

• :- : : -:-> : 12.Current ratio of long or short term securities investment (including the current trade) to the total assets and shareholder's equity as shown in the most recent financial statement and the operating capital as shown in the most recent financial statement:

Ratio to total assets: 0.42%, to shareholder's equity : 0.59% Operating Capital:NTD4874466000

1. Broker and broker's fee:N/A

2. Concrete purpose or use of the acquisition or disposal:lnvestment 15.Net worth per share of the underlying securities acquired

or disposed of:None

16.Do the directors have any objection to the present transaction? :None 17.Has the CPA issued an opinion on the unreasonableness of the price

of the current transaction? :None

18.Any other matters that need to be specified:None

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