Sinochem International board approved equity incentive plan at its latest meeting in December 2019. Under this plan, 59.16 million restricted shares will be granted to 262 executives and employees, accounting for 2.18% of the company's total share capital. This is an important measure of Sinochem International to reform its incentive mechanism and the first breakthrough in equity incentives during the company's 20 years of listing.

On December 6, the Chartered Global Management Accountant (CGMA) Annual Awards 2019 was held in Shanghai. Sinochem International won the Best Shared Service Center of the Year award and the Best Robotic Process Automation Practice award, marking CGMA's recognition of Sinochem International for its practice and ability in the innovative application of corporate accounting management.

Sinochem International was awarded a top corporate social responsibility award in December for its outstanding performance in disclosing environmental indicators and continuous efforts to reduce environmental impact.

On November 18, Sinochem International CFO Qin Jinke met with the visiting Agriculture and Cooperatives Minister of Thailand Chalermchai Sri-On and his delegation at Sinochem International Plaza. Thai Deputy Minister of Agriculture and Cooperatives, the leaders of the subordinate divisions of the Ministry and the Consul General of Thailand in Shanghai were in the delegation.

On November 16-17, Huang Binghua, Deputy Director of the Asset Management Department of Chinese Ministry of Finance (MOF), led a delegation to Spain for a meeting with representatives of Chinese-funded enterprises and a field research at ELIX Polymers S.L, a member enterprise of Sinochem International.

On November 6, Sinochem International and Honeywell signed several cooperation agreements at the 2019 China International Import Expo (CIIE), as part of the digital transformation and sustainable development program for the factories of Sinochem International.

On October 25, “The Beauty of Industry” Innovation Forum and Awarding Ceremony 2019 organized by Jiemian News took place in Shanghai. The state-owned chemical enterprise Sinochem International (600500.SH) won the “2019 Innovation Enterprise” award for its vigorous implementation of the innovation-driven strategy in recent years and its achievements in scientific research, green development, and many other aspects.

On October 19, Sinochem International held a groundbreaking ceremony for its reverse osmosis (RO) membrane plant with an annual production of 220,000 in Xiangshan, Ningbo. After the new plant is put into production next year, it will break up the monopoly by foreign companies in China's high-end membrane market and enhance China's core competitiveness in RO membrane materials across the world.

On October 15 and 16, SBU of Chemicals of Sinochem held the first forum on Sustainable Supply Chain Supplier in Shanghai. During this occasion, it launched the "Sustainable Supply Chain Partner Network" initiative together with Sinotrans Eastern Co., Ltd., calling upon companies, both upstream and downstream, to advance sustainable development.

The next K trade fair for the plastics and rubber sector is just around the corner, and materials supplier ELIX Polymers is readying its offering. K 2019 will be held at Düsseldorf, Germany, on October 16-23, and the global ABS solutions provider will be on Booth F30 in Hall 8B to shine the light on its latest innovations.