【CPDC】Announcement of Change in Corporate Board Representative and 1/3 Board Turnover at Important Subsidiary, Dingyue Development

1. Date of change: 115/05/15 2. Type of personnel: Corporate board representative 3. Name and title of former incumbent: China Petrochemical Development Corp representative, Zhou Zhiming 4. Resume of former incumbent: Chairman of BES Engineering Corp 5. Name and title of new incumbent: China Petrochemical Development Corp representative, to be appointed 6. Resume of new incumbent: Not applicable 7. Circumstance of change: Resignation 8. Reason for change: Resignation due to personal reasons 9. Shareholding at time of appointment: Not applicable 10. Original term: 113/01/15 - 116/01/14 11. Effective date for new incumbent: Not applicable 12. Turnover ratio for directors in the same term: 1/3 13. Turnover ratio for independent directors in the same term: Not applicable 14. Turnover ratio for supervisors in the same term: Not applicable 15. Whether more than one-third of directors have changed: Yes 16. Other notes: The change takes effect on 115/5/19.