On August 28, 2018, Sennics Co., Ltd. (hereinafter referred to as "Sennics"), the world's leading integrated service provider of polymer additives, held a grand industrial summit forum in Shanghai. Experts and scholars from all social circles, including the Intelligent & Connected Electric Vehicle Innovation Center of Shanghai Jiao Tong University, NIO Capital, East China Normal University, and the College of Materials Science and Engineering at the Beijing University of Chemical Technology, along with Sennics and its controlling shareholder Sinochem International Corporation (hereinafter referred to as "Sinochem International"), as well as partners gathered together to jointly discuss industry insights and prospects, focus on innovation, and promote shared development in the future in a new era.

Innovation is the spirit and soul of a nationality, as well as the source and power to promote the country's sustainable development and enterprises' continuous growth. Sennics, which was founded 20 years ago, has developed into a benchmarking enterprise in the global rubber antioxidant field. It adheres to its global brand positioning, follows its "ultimate and green" innovative development concept, takes "In Science We Trust" as its core value driver, and strives to advance the coordinated development of multiple products such as antiagers, antioxidants, and vulcanization systems. By developing double-growth engines based on rubber and plastics, Sennics is committed to becoming the innovator and leader in the polymer additive industry.

Chairman Liu Hongsheng welcomed the guests present in his speech. He said that scientific and technological development is changing all people's work and life in an unprecedented manner, and influencing people's imagination and practices about the future. At the crucial period for the transformation and upgrading of Chinese economy, only by promoting innovation-driven development and moving forward based on scientific breakthroughs, can we be able to meet various challenges in the future. As a member of Sinochem Group, Sennics held the summit forum by adhering to the concept of "In Science We Trust", hoping to pool wisdom, highlight new industry perspectives, discuss new industry prospects, and inspire people from all walks of life to think about innovation and the future. Sennics took this forum as an opportunity to make planning for the new ways of industrial innovation and resource sharing, so as to drive a new round of its innovative development. Finally, Liu Hongsheng expressed gratitude to the guests present and wished the forum a complete success.

President Zhang Wei attended and delivered a speech at the summit forum. He extended warm congratulations on the holding of the forum in his speech, and said that the guests participating in the discussions came from the academic, investment, and industry sectors, so they expressed very diversified, calm, and forward-looking ideas and debates about the future. Through discussions, they saw both challenges and also more opportunities, and held great expectations towards the future. He also said that based on the actual situations of Sinochem Group and the Chinese petrochemical industry, he believed that an important reform period for transformation and upgrading had come with exploding scientific and technological innovation, rapid digital and intelligent development, and green production becoming the main industrial mode. He further pointed out that the company is increasingly market-driven while adhering to its attribute of state-owned enterprise, so science and technology is always its core competitive edge. Finally, he thanked again the guests present and all partners supporting Sinochem's development. He said with everyone's support, Sinochem is bound to have a better future.

Former Chairman of China Petroleum and Chemical Industry Federation (CPCIF) Li Yongwu said that since it joined Sinochem, Sennics has adhered to the polymer additives-centered strategy and marched towards a broader development space by taking "developing into a unicorn with creativity, cohesion, and integration" as the goal and "Leading through Green Innovation" in the polymer additives industry as its mission, and continuously promoting innovation.

Su Fu, CEO of Sennics, organizer of the summit forum, expressed gratitude to the guests present and emphasized that the company will adhere to the core value concept of "In Science We Trust" and strive to achieve great-leap-forward development and realize the goal to generate RMB10 billion in sales revenue.

At the forum, Sennics also briefed the company's partners on the antioxidant business development and improvement conditions of the existing three plants, and said that the phase I of the Lianyungang project is planned to be completed and put into production by the mid-2020s and its annual production capacity of rubber chemicals, including accelerants and insoluble sulfur that are produced through new green processes, will reach 400,000 tons, making the plant a rubber chemicals production base with globally leading competitive strength and business scale.

The summit forum themed on "focusing on innovation and promoting shared development", and the guests present carried out a series of in-depth discussions and sharing about the topics including industrial environment, intelligent mobile travel, new energy vehicles (NEVs), and R&D on innovative materials in the polymer additives field.

Director of the Intelligent & Connected Electric Vehicle Innovation Center of Shanghai Jiao Tong University Yin Chengliang, In his speech entitled "Development and Influence of Intelligent and Connected Electric Vehicles in China amid the Current International Environment", he conducted an in-depth analysis on the future development of Chinese automobile industry, including the technology development trends for intelligent and connected electric vehicles, domestic and international environments, and the status quo of Chinese automobile industry. He believes that being electric, intelligent, and network-based is the fundamental technology development trend in China's automobile industry, and the automobile industry should accelerate layout planning, R&D, and production.

Managing Partner of NIO Capital Zhu Yan,In his keynote speech entitled "Development and Investment Opportunities in China's NEVs Industry", he shared his views of NIO Capital about future investment. He believes that technological innovation will significantly change transportation modes, and consumers' demands for automobile products are upgrading, so intelligent NEVs will come faster than expected. In the future, investment-related topics will focus on electric vehicles and core parts, new energy and energy Internet, autopilot and intelligent system, car networking and travel service, as well as new materials and relevant applications.

President of East China Normal University and Academician of the Chinese Academy of Engineering Qian Xuhong,In his keynote speech entitled "Role of Chief Technology Officer", he said that the world is right now in a competition era represented by Industry 4.0, facing comprehensive competition about the economic and social modes in the scientific and technological industry. The main carrier of scientific and technological innovation transformation is chief technology officer (CTO). He also pointed out that CTO is not merely a person, but a hierarchy. CTO must have important qualities and innovation capabilities such as critical thinking, challenge authority, spirit of taking risks, and independent experiences. He hoped that enterprises should emphasize the role of, take care of, and strive to cultivate strong CTOs.

Dean of the College of Materials Science and Engineering at the Beijing University of Chemical Technology, and Member of Changjiang Scholars Program Zhang Liqun,In his speech entitled "Green Development and Key Technologies for Rubber Materials and Chemicals, he shared the green development trends and key technologies for rubber materials and chemicals, and pointed out four green development concepts, namely green production, green product performance, green performance of rubber products, and green life cycle, as well as four key technologies, including the cyclic utilization of rubber raw materials, rubber chemicals, rubber composites, and rubber products. He said that the green development of rubber materials and chemicals is one of the important topics in the global rubber industry. To promote the future development of rubber materials, it is imperative to focus on the needs of tire enterprises and rubber products industry, and particularly emphasize science and technology, resources, environment, and health. He said that Sennics has done well in the production and research in the rubber industry, and hoped the company to achieve great results under the guidance of the core value concept of "In Science We Trust".

Chief Technology Officer of Sinochem International Chen Baoshu,In his speech entitled "In Science We Trust: Sinochem's Innovation Strategy", he introduced the strategic vision of the SBU of Chemicals of Sinochem Group to develop the world's leading innovative fine chemicals platform by taking the development concept of "In Science We Trust, and Knowledge-Action Unity" as guidance and focusing on three strategic emerging industries. He also briefed on Sennics' scientific and technological innovation efforts in striving to create a green and circular product chain by following the strategy on polymer additives and continuous investing in scientific research resources.

In March this year, Ning Gaoning, President of Sinochem Group, proposed the strategic development concept of "In Science We Trust", which kicked off the reform centered on transformation and innovation across the whole Sinochem Group and stimulated Sennics' thinking and discussions on its innovative development. To deepen development and facilitate transformation, Sennics invited industrial experts, scholars, and partners to exchange and share their views on scientific innovation and industry development trends.

On the eve of 2018 Sennics Summit Forum themed on "Focusing on Innovation and Promoting Shared Development in the Future", Sennics signed an MOU respectively with attending professors and the related person in charge from Tsinghua University, Beijing University of Chemical Technology, East China University of Science and Technology, South China University of Technology, Nanjing University, and Zhejiang University of Technology, as well as the person in charge of Hualu Engineering & Technology Co., Ltd.In particular, they will carry out all-round and in-depth cooperation to address innovation difficulties, environment constraints and resource bottles together.

As a chemical enterprise mainly specialized in polymer additives businesses, Sennics is deeply influenced by the development of global rubber and tire industries, and has always strove to find a way to achieve sustainable operation for the chemicals industrial chain. On the occasion of this forum, Sennics released its 2017 Sustainable Development Report. As an active driver of the green industrial chain, the company has always considered corporate social responsibility (CSR) as its core development strategy, integrated corporate management and operations into its sustainable development concept, improved production processes and efficiency by continuously innovating development technologies, and reduced environmental impacts. It has also worked with the industrial chain and various partners to rely on its own strength to promote energy conservation and emission reduction, and jointly create a better future for the industry through green operation and independent innovation.