On January 16, 2009, the Company held 2008 Annual Meeting in Nanjing International Exhibition Center, attended by over 1,200 employees. Dr. Blumenberg, President of the Company, made a work report of 2008 and raised the target for 2009, saying that the rampaging global financial crisis posed a big challenge to the target, so we would further strengthen relationships with customers and improve internal communication to successfully achieve it. Dr. Ma Qiulin, BOD Chairman of the Company, expressed appreciations for the great efforts made by all the employees on behalf of the board members, saying that it was remarkable that the Company was the only one corporation, which still remain profitable in 2008, among numerous petrochemical subsidiaries of SINOPEC. He then hoped that all the employees would further pull efforts together to offset the negative impact of financial crisis and make the Company achieve a good result in 2009.