Sinochem International and Bank of Construction signing Agreement on Cash Management

With the rapid growth and expansion of Sinochem International, since the beginning of 2006, Sinochem International started communication with several Chinese and overseas banks on cash management, and finally chose Bank of Construction as the partner for cooperation. As to the comprehensive credit lending, Bank of Construction has given Sinochem International a limit of 2 billion Yuan at the end of 2006, which provided an efficient solution to the poor financing of Sinochem International subordinate companies.

As to the centralized cash management, the collection mode of cash pool, the maturity of reporting system, general service sophistication as well as project management experience of Bank of Construction are all quite suitable in meeting the needs of Sinochem International.