Baling Petrochemical and Yueyang Petrochemical are not the same company, and their nature, legal person and business scope are different.

Baling Petrochemical, also known as Sinopec Baling Petrochemical Co., Ltd., is a subsidiary of China Petrochemical Co., Ltd., which was established on February 28, 2020 and has independent legal personality.

The business scope of Baling Petrochemical Company includes: production and sales of petrochemical, chemical fiber, chemical fertilizer, fine chemical products and other chemical products (excluding hazardous chemicals and monitoring chemicals) permitted by policies, production and sales of coal gasification processing synthesis gas and industrial gas (excluding dangerous goods), production and sales of electricity and heat, sales of fly ash, processing and supply of industrial and domestic water and solid waste (excluding hazardous waste treatment), and air pollution and water pollution. Sales of petrochemical raw and auxiliary materials (excluding dangerous chemicals and monitoring chemicals), mechanical equipment and spare parts, road transportation, self-provided railway transportation, warehousing (excluding dangerous chemicals and monitoring products), port operation, self-operated and agency import and export business (except for commodities and technologies whose import and export are restricted or prohibited by the state), petrochemical technology design and development, technical consultation and achievement transfer services, computer information and management consulting services, mechanical equipment, land and self-owned housing rental (.

Yueyang Petrochemical, also known as Yueyang Xingchang Petrochemical Co., Ltd., formerly known as Changlian Labor Service Company Polypropylene Co., Ltd. and Bahua Changlian Xingchang Group Polypropylene Co., Ltd., was first established in February 1990, and the legal person is not the same as Baling Petrochemical.

Yueyang Petrochemical's business scope includes the development, production and sales of petrochemical products (excluding refined oil), plastics and their products, and other petrochemical raw materials and products allowed by the sales policy (with enterprise license if there are special provisions of the state), import and export business within the business scope approved by the People's Republic of China (PRC) Import and Export Enterprise Business Qualification Certificate, retail of refined oil (limited to branches with enterprise approval certificates), real estate, land and equipment. (Projects that must be approved according to law can only carry out business activities after being approved by relevant departments. Yueyang Xingchang Petrochemical Co., Ltd. invested in 65,438+04 companies and 65,438+02 branches.