Bohai Petrochemical PDH production unit resumed production

On the evening of April 7, 2021, Bohai Chemical announced that the company disclosed the "Announcement on the Routine Shutdown and Maintenance of the PDH Plant of a Wholly-owned Subsidiary of Tianjin Bohai Chemical Co. (hereinafter referred to as "Bohai Petrochemical") PDH plant (600,000 tons/year) will be shut down on March 18, 2021 for maintenance, which is expected to last about 20 days.

According to the requirements of safe and reliable operation of chemical enterprises, in order to ensure the safe and effective operation of the production equipment, Bohai Petrochemical has arranged the maintenance of PDH equipment according to the company's production and operation plan. The main purpose is to inspect, overhaul, maintain and modify the equipment, containers, pipelines, etc. to ensure the safety and smooth production of the next production cycle.

The shortening of the effective production period caused by this plant shutdown and maintenance has been fully considered by the Company in its annual production and operation plan, and this maintenance will not cause significant adverse impact. As of the date of this announcement, the maintenance of the PDH plant has been completed and the plant is currently operating stably.

Information shows that Bohai Chemical's main products include propylene products, data card products, printing products, smart card application systems and supporting machine products. The financial report shows that the annual revenue of 2020 is 2.735 billion yuan, down 28.50% year-on-year; net profit attributable to shareholders of the listed company is 186 million yuan, up 26.52% year-on-year; net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, is 254 million yuan, compared with a loss of 88.932 million yuan (adjusted) in the same period of the previous year; basic earnings per share is 0.19 yuan.