Corporate Governance

Sinochem International persists in performing legal responsibilities, and strictly abides by domestic and overseas laws and regulations for listed companies. It keeps improving corporate governance system, actively establishes effective governance framework, further discloses information on operations, strengthens ESG governance, and seeks to mobilize its internal growth motivation, to strongly support the sustainable corporate development.

Structure of Corporate Governance

The Board of Directors and Board of Supervisors, set up under the Shareholders’ Meeting of Sinochem International, authorize the Company’s management to be responsible for the operation, thus forming an effective and coordinated corporate governance mechanism. The Board of Directors consists of five professional committees. The Board of Directors, the Board of Supervisors, the Special Committees, and the Senior Management have clear powers and responsibilities and standardized operation.

With respect to personnel structure, the Company has employed three industry experts with professional backgrounds in finance, law, accounting, and mergers and acquisitions as independent directors to serve as chairmen in the Nomination and Corporate Governance Committee, the Audit and Risk Committee, and the Remuneration and Assessment Committee. Independent directors account for more than half of the professional committees, which substantially impact major decisions such as personnel nomination, salary assessment, internal audit, and foreign investment.

With respect to the operating mechanism, all the directors of the Company shall enter each professional committee to undertake corresponding work according to their professional background and posts, and submit all major decisions of the Company to the Board of Directors for deliberation and voting after deliberation and formation of opinions by a relevant professional committee of the Board of Directors.

To ensure that directors have a necessary understanding of the Company’s operation and business development and properly perform their duties under various laws and regulations and the Company’s provisions, Sinochem International provides newly appointed directors with training covering the company’s business and operation summary, organizational structure, statutory regulatory obligations of directors and supervisors, and the terms of reference of various committees. In addition, the Company regularly provides directors with the Company’s business operations through quarterly reports.

Information Disclosure and Investor Relations Management

Information disclosure is an important channel for investors and the public to obtain relevant information of listed companies and the basis for communication between companies and stakeholders. Sinochem International strictly abides by regulatory and compliance requirements, discloses corporate information of concern to investors, continuously improves the quality of disclosure, and ensures the authenticity, accuracy, completeness, timeliness, and fairness of information disclosure.

In August 2020, Sinochem International was rated Grade A in the 2019-2020 evaluation of information disclosure of listed companies by the Shanghai Stock Exchange.

Sinochem International pays great attention to communication with investors. It protects the rights and interests of shareholders, especially small and medium-sized investors, continuously enriches the communication channels of investors, and establishes an open and transparent two-way communication channel with small and medium-sized shareholders.

In 2020, Sinochem International formulated and published the Sinochem International Investor Relations Work Manual to maintain the relationship between core institutional shareholders and individual shareholders. Through visits, special exchanges on Internet telephones, one-to-one (one-to-many) roadshows of institutions, small-scale strategy meetings, and other measures, the Company actively conveys the Company’s value concept, strategic promotion direction, the progress of key projects, etc. The Company has established an internal information contact mechanism for investor relations, built a two-way communication bridge between the Company and the capital market information, actively responded to investors’ concerns, timely fed back investors’ suggestions to the management, and strengthened two-way communication with small and medium-sized investors.

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