Jiangsu Yangjing Petrochemical Group Co., Ltd.

Jiangsu Yangjing Petrochemical Group Co., Ltd. (hereinafter referred to as "Yangjing Petrochemical Group", formerly "Lianyungang Petrochemical Industrial Park Co., Ltd.") was established in August 2014. It is a state-owned enterprise funded by the Lianyungang Municipal Government with a registered capital of RMB 4.5 billion. It serves as an important carrier platform for the construction, operation, and management of the Lianyungang Petrochemical Industry Base.
With the approval of the "Overall Planning of Lianyungang Petrochemical Industry Base", Yangjing Petrochemical Group has started full-scale operations, rapidly initiating the construction of key public facilities such as petrochemical public pipe corridors, natural gas pipeline networks, LNG reserve stations, storage tank areas, and utility islands to promptly meet the conditions for major industrial projects to be put into operation. The Group has successively established sound strategic cooperative relationships with major domestic and international large state-owned enterprises and private enterprises, including PetroChina, Sinochem International, Satellite Petrochemical, COSCO Shipping, and ENN Gas. It owns 16 wholly-owned, holding, and participating subsidiaries, forming a diversified development framework covering steam, natural gas, gas stations, terminals, pipe corridors, logistics, and trade. It is demonstrating a healthy development trend and market competitive advantages in professional service capabilities.
To accelerate the construction of the Lianyungang Petrochemical Industry Base and further optimize the corporate governance structure, management system, and operating mechanism, Yangjing Petrochemical Group takes it as its mission to build a world-class petrochemical industry base. In 2020, its main businesses will include park development and operation management, industrial element operation, petrochemical professional services, and financial services and technology investment. It aims to become a leading standard-setting developer of park infrastructure, a cost-leading operator of comprehensive industrial elements, a model-leading integrator of petrochemical professional services, and a technology-leading investor in petrochemical technology. The Group strives to gradually develop, within 3-5 years, into a market-oriented comprehensive group company with a sound internal governance structure, prominent main businesses, and strong profitability and operating income, making new contributions to the construction of the world-class petrochemical industry base and the economic and social development of the city.