November 30, 2018, Ningbo, China – Today, Sinochem International (SH 600500) and Ningbo Xiangshan County People's Government signed an investment agreement in Ningbo. Under the agreement, Sinochem International plans to invest a total of RMB 3.5 billion in constructing a production base and an R&D innovation center for membranes at the Xiangshan Economic Development Zone in Ningbo. As another important measure within the new strategic layout of Sinochem International, the project marks the official settlement of Sinochem International’s membrane business in Xiangshan and will become a platform to promote the R&D of high-performance membrane materials and industrial upgrading in China.