Share Shortened form: G SINOCHEM  Securities Code: 600500  No. Temporary: 2005-029

Announcement of the Decision of the 15th 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 15th Meeting of the 3rd Session Board of Directors of SINOCHEM International Corporation (hereunder called "This Company") was held in Shanghai Mingcheng Huayuan Hotel on Sept. 27, 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:

In order to satisfy the requirements on the capital for the strategic development of relevant project companies, the meeting has agreed to invest more to SINOCHEM International Taicang Xingguo Industrial Co., Ltd (hereunder called "Xingguo Company"), SINOCHEM International Taicang XingKai Industrial Co., Ltd (hereunder called "Xingkai Company"), SINOCHEM International Yuhang Macromolecule Material R& D Co., Ltd (hereunder called "Yuhang R&D") as per the shares held be each connected party. Wherein, this company would invest another ��47.5 million to Xingguo Company, another ��9.5 million to Xingkai Company and another ��28.50 million to Yuhang R&D--total ��85.5 million.

The items related to the connected transaction had been reviewed by the independent directors before being submitted to the board of directors for checking. The directors of the connected party were not presented during the board voting. Whole independent directors delivered their duty opinions and agreed expressly. For details of this connected investment, see the Announcement of the Connected Transaction issued simultaneously by this company.

Hereby it is specially announced:

            SINOCHEM International Corporation