On the afternoon of July 1^st, Mr. Zhang Yuming, president of ZRCC, met with Mr. Fuhrmann Werner, president of AkzoNobel Specialty Chemicals Division & chairman of VNCI (Vereniging van de Nederlandse Chemische Industrie). Both parties expressed that the regular exchange of visits should be maintained to strengthen the mutual exchange, upgrade the cooperation so as to promote the complementary advantages and achieve mutual benefits and win-win results.

Mr. Zhang Yuming said that ZRCC had been committed to building a highly responsible and highly respectable enterprise and attached great importance to open communication and good faith cooperation with respect to the exchanges and cooperation with foreign companies. ZRCC will arrange the material supply to the partners per the contract and in a comprehensive way so as to give full play to regional complementary advantages. ZRCC also hope that AkzoNobel will take the opportunity to join the development of ZRCC.

Mr. Fuhrmann Werner gave a brief introduction to the situation and outlook of AkzoNobel business in Ningbo. He said that thanks to the stable feedstock supply of ZRCC, AkzoNobel Ningbo plant had maintained sound and cost-effective operation even in the face of environmental protection, market and resources pressures, which fully showed that ZRCC was a reliable strategic partner. He also expressed that AkzoNobel was willing to expand the cooperation fields with ZRCC on the basis of equality and mutual benefit to achieve mutual development.

Mr. Xu Tao, vice president of ZRCC and leaders from relevant departments attended the meeting.