On March 10, 2023, Sinochem New Energy Co., Ltd. (hereinafter referred to as “Sinochem New Energy”) held an inauguration ceremony in the Xiong’an New Area, Hebei Province as the new energy business embarks on a new journey and writes another chapter of high-quality development.

Zhong Ren, Deputy General Manager and Member of the Leading Party Group of Sinochem Holdings, and Chairman, General Manager, and Secretary of the Party Committee of Sinochem Energy, and Tian Jinchang, Deputy Secretary of the Party Working Committee and Executive Deputy Director of the Management Committee of Xiong’an New Area, and Secretary of the Party Committee and Chairman of China Xiong’an Group, jointly inaugurated the Sinochem New Energy.

Sinochem New Energy was registered and established in Xiong’an on December 23, 2022. It was deployed by Sinochem Holdings, funded by Sinochem Energy, and initially incubated by Sinochem Oil Marketing Co., Ltd. (hereinafter referred to as “Sinochem Oil Marketing”) As the first new energy-related business enterprise established by Sinochem Holdings in Xiong’an New Area, Sinochem New Energy focuses on charging and battery swapping, photovoltaic, hydrogen energy, and other businesses as its development direction. It continues to explore upstream and downstream industrial chains, with a presence in Xiong’an and nationwide, continuously stimulating green and low-carbon momentum to achieve the national “carbon peaking and carbon neutrality” goals.

Wang Yanwei, Director of the Reform and Development Bureau of Xiong’an New Area, Wang Jinshan, Director of the Administrative Center of Sinochem Office and Executive Deputy Director of Sinochem’s Xiong’an Office, Zhao Zheng, General Manager of the Strategy Implementation Department of Sinochem Energy, Wang Jian, General Manager and Secretary of the Party Committee of Sinochem Oil Marketing, Li Jian, Deputy General Manager and Deputy Secretary of the Party Committee of Sinochem Oil Marketing and General Manager of the Human Resources Department of Sinochem Energy, and Zhang Han, Deputy General Manager of Sinochem Oil Marketing attended the inauguration ceremony.