CHINA PETROCHEMICAL DEVELOPMENT Business Summary

China Petrochemical Development Co. (CPDC) generates revenue primarily through the large-scale manufacture and global distribution of intermediate chemical products, operating through three core segments: Acrylonitrile (AN) and Byproducts, Caprolactam (CPL) and Byproducts, and a diversified "Others" segment including nylon chips (NY6) and acetic acid. As a critical upstream supplier in the petrochemical value chain, the company’s products serve as essential raw materials for the textile, plastics, electronics, and automotive industries across Asia. CPDC maintains a significant market presence in Taiwan and mainland China, positioning itself as a specialized alternative to integrated giants. Its primary direct competitors include Formosa Petrochemical Corporation, USI Corporation, and Grand Pacific Petrochemical Corporation, against whom CPDC competes by leveraging its specialized focus on synthetic fiber and resin intermediates. The company is currently led by Chairman Ko Ming Lin (also known as Kuen-Ming Lin) and Chief Executive Officer Ruey Long Chen, the latter of whom assumed the role in June 2024 and brings extensive pedigree as a former Minister of Economic Affairs for Taiwan. The leadership team is closely aligned with the Core Pacific Group, founded by notable businessman Ching-Jing Sheen, who remains a prominent figure on the board of directors. CPDC is backed by a mix of strategic and institutional investors, with major holdings held by Core Pacific Co. Ltd. and BES Engineering Corporation, alongside significant institutional positions from global asset managers such as The Vanguard Group and BlackRock, Inc. This governance structure reflects the company's deep-rooted ties to Taiwan’s industrial development and its ongoing strategic transformation toward high-value specialty chemicals.