-   Founded in 2000 as a joint venture between BASF and Sinopec

-   Annual output of approximately 3 million metric tons, caters to the evolving market demand in China

Shanghai, China – November 25, 2025 – BASF-YPC Company Limited (BASF-YPC) marked its 25th anniversary with a celebration, bringing together stakeholders and partners to reflect its growth journey and share its vision for the future.

Founded in 2000, BASF-YPC is a joint venture between BASF and Sinopec, with a cumulative total investment of RMB 39 billion. Over the past 25 years, the company has remained steadfast in its commitment to safe and stable operations, becoming a benchmark company in the chemical industry of the Yangtze River Delta region.

Through multiple phases of expansion, BASF-YPC has advanced its industrial chain toward high-end downstream sectors, building a diversified production system that includes advanced chemicals and high-performance polymers. Today, the company boasts an annual production capacity of approximately 3 million metric tons, meeting the evolving demands of the Chinese market.

This milestone coincides with BASF Group’s 160th anniversary globally and its 140-year presence in China. Dr. Markus Kamieth, Chairman of the Board of Executive Directors of BASF SE, said: “Our Nanjing Verbund site is a shining example of Sino-German partnership. By combining the strengths of BASF and Sinopec, we have transformed our collective expertise, innovative spirit, and operational excellence into a true competitive edge and enduring market success.”

Sinopec continuously advances its own industrial upgrading and service innovation, striving to deliver high-quality, tailored and cost-effective experiences for customers. Chairman Hou Qijun of Sinopec Group said, "Moving forward, Sinopec will continue supporting BYC in centering on customer needs, optimizing value chains, accelerating digital transformation, and enhancing operational efficiency to create greater value. "

Looking ahead, BASF-YPC will further align with carbon neutrality goals, strengthen Sino-German cooperation, and accelerate digitalization across its production and operational processes. The company will deepen its green transformation efforts to build a greener, safer, and more efficient chemical value chain, laying a solid foundation for sustained industry growth and regional prosperity.

About BASF

At BASF, we create chemistry for a sustainable future. Our ambition: We want to be the preferred chemical company to enable our customers’ green transformation. We combine economic success with environmental protection and social responsibility. Around 112,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises, as core businesses, the segments Chemicals, Materials, Industrial Solutions, and Nutrition & Care; our standalone businesses are bundled in the segments Surface Technologies and Agricultural Solutions. BASF generated sales of €65.3 billion in 2024. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the United States. Further information at www.basf.com.

About SINOPEC / YPC

SINOPEC is one of the largest integrated energy and chemical companies with upstream, midstream and downstream operations in China. Its principal operations include: the exploration and production, pipeline transportation and sales of petroleum and natural gas; the sales, storage and transportation of petroleum products, petrochemical products, synthetic fiber, fertilizer and other chemical products; and the research, development and application of technologies and information. With a vision of “to build a world-leading clean energy and chemical corporation”, SINOPEC vigorously implements its world-leading development strategy and expedite formation of its development pattern of “One Foundation of energy and resources, Two Wings of clean fuels and advanced chemicals, and Three Growth Engines in new energy, new materials and new economy”. More information on SINOPEC is available at www.sinopec.com.

YPC is an important refining and chemical integrated company of SINOPEC. Located in Nanjing, Jiangsu, China, it implements shareholder’s management over BYC on behalf of SINOPEC. More information on YPC is available on the Internet at www.ypc.sinopec.com.

About BASF-YPC Company Limited

BASF-YPC Company Limited (BYC) is a 50-50 joint venture between BASF and Sinopec, founded in 2000, with a total investment of approximately RMB 39 billion. The integrated petrochemical site produces about three million tons of high-quality chemicals and polymers for the Chinese market annually. The products serve the rapid-growing demand in multiple industries, including agriculture, construction, electronics, pharmaceutical, hygiene, automotive and chemical manufacturing. All BYC plants employ advanced technology and BASF "Verbund" concept to save on raw materials and energy, reduce emissions, cut logistics costs and exploit synergies. BYC posted sales of approximately RMB 20.4 billion in 2024 and employed 2,164 people as of the end of the year. Further information is available on www.basf-ypc.com.cn.

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