Shares shortened form: G SINOCHEM     Securities Code: 600500         No.: Temporary 2005-032

The Announcement about the Decision of the 17th Meeting of the 3rd Session Board of Directors of SINOCHEM International Corporation

��Specific Brief��

This company and all the members of the Board ensure the truth, accuracy and integrity of the announcement, and should bear the joint and several obligations to any falsely recorded announcement, misguiding presentation or serious omitted.

The 17th Meeting of the 3rd Session Board of Directors of SINOCHEM International Corporation (hereunder called "This Company") was held in Shanghai Pudong Holiday Inn Hotel on Nov. 2-3, 2005. The 10 directors who should attend this meeting presented, and they were more than half of the total directors. The meeting complied with the relevant stipulations defined by Company Law, Corporation Constitution, Meeting Regulations of Board of Directors and Management System of the Connected Transaction in This Company. The meeting reviewed and approved the following decisions via the detailed discussion:

I. Accepting the application from Mr. Rao Zhonhliang to resign his position of the Chief Supervisor on Finance due to his own reason

II. Accepting that appointing Qin Hengde as the Chief Supervisor on the Finance in the company (Resume attached)

All the members of the independent directors in the company delivered their opinions and agreed expressly to the change of the high managers at this time.

In addition, the board of directors of the company has approved to transfer the held 50% shares of Tai Cang SINOCHEM International Xing Ye Petroleum & Chemical Developing and Construction Co., Ltd.(hereafter called "Xingye Company") to Ji Chuang Investment Company registered in the British Virgin Islands at the price of ��50 million.

The registered capital of Xingye Company is RMB100 million and was jointly invested and established by this company and Jiangsu Taicang Port Developing and Constructional Investment Company which mainly constructs the infrastructures there. It still doesn't formerly start its operation activities. This item of the shareholding transferring wouldn't hinder the profit or loss of the company.

Hereby it is specially announced.